With Christmas and the New Year fast approaching, we decided it was a good time to look at the property market in Hazel Grove 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 an abundance of three-bedroom semi-detached properties available in Hazel Grove, it is extremely popular with families seeking to upsize into a long-term home. Furthermore, the village is conveniently located with excellent links to Stockport, making it ideal for commuters.
As a result, the current buyer trends reflect a high demand for three-bedroom family homes. However, properties exceeding £400k appear to be struggling due to the abundance of stock available in the area.
Surprisingly, November has shown that there’s also a strong first-time buyers’ market within Hazel Grove, with increasing interest in properties priced between £200-£220k.
This month we have sold six properties and listed seven*. As a whole, the market has sold 71 properties and listed 65*. This data shows that demand is currently higher than supply, making it a sellers’ market.
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 Hazel Grove branch for more information. Either call us on: 0161 826 2870 or email [email protected] to speak to a member of our experienced team.
The average sale price for properties in Hazel Grove over the past 12 months is £262.638, which is a 3% increase in annual sales prices and a 33% rise in sales prices over the past 5 years**.
Hazel Grove is currently seeing an upward trend in house prices; however, with this comes the risk of a property being downvalued by surveyors. Frequently, we are seeing offers which match or exceed the asking price, especially between the £300-£350k range, getting reduced by surveyors who disagree with the original value of the property.
To combat this, we employ a realistic and comparable pricing strategy to achieve the best possible outcome for vendors and prevent a delay in completion.
We have a plethora of exciting success stories this month, including Deneside Crescent. This three-bedroom semi-detached property initially fell through due to a collapsed chain, however because of our teams’ realistic pricing strategy, marketing strategy and ability to identify the right buyers, the home was then quickly sold again for the asking price.
Another fantastic sale this month is Hollymount Gardens. Again, another three-bedroom semi-detached, this family home was a multi-agent instruction which garnered ten viewings once it came on with us and quickly sold for over the asking price.
Overall, this shows that despite the current down valuations issued by surveyors this month, our team are committed to driving interest and securing the right buyer.
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.
*All of the data used in this article has been sourced from Rightmove and reflects the Hazel Grove property market from 01/11/24 – 27/11/24. The postcodes included are SK1 4, SK7 4-6 and SK2 5-7.
**dataloft, Hazel Grove property sales overview, accessed December 2024
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