With Christmas and the New Year fast approaching, we decided that it was a good time to take a look at the property market in Denton and think about how Edward Mellor has performed in recent months.
Not ones to sit on our laurels, we’re determined to continue to serve our clients and strive for an even better month for December, as we head into the ‘Christmas Rush’.
With 34% of properties owned by single-person households in Denton**, it is unsurprising that the most popular type of homes sold during November were two-bedroom terraces. However, we also saw families buying onwards into three-bedroom properties, as well as bungalow sales for the over 65s who make up 20% of Denton’s population**.
Overall, total property sales in Denton over the past three months have been valued at £12.8m, with almost 83% of these sales involving homes rather than flats***. This strongly suggests that buyer interest in the area is coming from first-time home buyers, growing families and landlords who are expanding their portfolios, rather than individual buyers looking for small flats.
This eclectic mix shows strong demand for properties of all kinds in Denton and that the property market is buoyant heading into the New Year.
If you were thinking about listing your property with us then now is the perfect time to do so!
Start your new year with a bang and contact the Edward Mellor Denton branch for more information. Either call us on: 0161 660 6749 or email [email protected] to speak to a member of our experienced team.
The average sale price for properties in Denton over the past 12 months is £195.269, which is a 3% decrease in annual sales prices and a 34% rise in sales prices over the past 5 years**.
Owing to the decrease in final sales prices this year, buyers are now making lower offers on homes, meaning that there is a stronger buyer interest in more strategically priced properties. To accommodate this and achieve the best outcome for our vendors, we focus on a realistic pricing strategy by comparing our valuations to other homes sold within the same area.
This helps to generate a higher number of viewings, increasing the chance of finding the right buyer and completing the sale at a good price.
Our success within Denton speaks for itself. Having listed 17.6% of the market, we’re proud to serve Denton as the number one estate agent in the area.*
One such property is a three-bedroom bungalow on Sunningdale Road. Using comparables to create a realistic pricing strategy, we were able to generate multiple offers and achieve a final sale price that the vendor was happy with.
This shows how important realistic pricing is within the Denton property market this month. With 12% of properties facing a reduction in November*, it is paramount that a home goes onto the market attractively priced.
With over 40 years of proven experience in helping people buy and sell property, our local teams are on hand to help clients at every stage of their property journeys.
If you would like to sell a property in the New Year, now is the time to list your property to fully capitalise on strong buyer interest going into 2025.
*According to data sourced from Rightmove, reflecting the Denton property market from 01/11/24 – 27/11/24. The postcodes included are M34 2, M34 3, M34 5-7 and OL7 0.
**dataloft, Denton property sales overview, accessed December 2024
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