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 Stockton Heath 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’.
The market in and around Stockton Heath is fairly robust due to the popularity of the area. The region’s convenient motorway network and proximity to Manchester and Liverpool make it a highly sought-after location for families, with people commuting into the larger cities for work.
Following some uncertainty surrounding October’s financial budget, Stockton Heath’s property market has picked up. The upcoming changes to stamp duty and the Bank of England base rate changing to 4.75% at the beginning of November, have acted as a catalyst to encourage buyers to make the move sooner rather than later.
While there remain strong levels of activity through all price ranges, homes in the £450,000 to £500,000 are particularly popular and traditional semi-detached family homes have been highly favoured this month.
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 Stockton Heath branch for more information. Either call us on: 01925 399643 or email [email protected] to speak to a member of our experienced team.
The average sale price for properties in Edgeley over the past 12 months is £327.456, which is a 1% increase in annual sales prices and a 23% rise in sales prices over the past 5 years**.
Despite the increased level of interest this month, prices within Stockton Heath still need to be competitive to attract buyers. Vendors are finding that they need to extend a degree of flexibility in their asking prices to secure a sale.
However, we are seeing that prices are being reduced by lenders and their surveyors more frequently this month. Therefore, there’s even more emphasis on identifying the ‘right buyer’. Our Sales Progression team take a very active part in ensuring that the correct buyer is found and any issues are addressed quickly to achieve a desirable outcome for the vendor.
We have a plethora of success stories this month, but a stand-out achievement has to be securing a sale on Hatfield Gardens within seven days of coming to the market. The home required a fast completion, therefore a timeline strategy was put into place and resulted in two offers being made within the first week on the market.
Similarly, a three-bedroom semi-detached property came to the market with us with an express view of securing a sale quickly. A sale was agreed within less than a week after it received two offers.
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.
*dataloft, Stockton Heath property sales overview, accessed December 2024
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