Demand is high but the future is still uncertain
Rob Kennedy, director of Philip James Kennedy, comments on the local property sales market and offers insight into the year ahead.
The property sales market in Didsbury and West Didsbury villages continues to excite, with demand far outstripping supply. However, the biggest question of all concerns how the market will perform moving over the next 12 months? Will prices continue to rise, maintain their current level or reduce?
As a market leading agent, Philip James works at the cliff face; valuing properties based on how much the current properties are selling for and judging the price level registered buyers would expect to pay for certain types of property.
The team at Philip James Kennedy appreciates that the advice it gives to buyers and sellers alike is of great importance, and that clear, professional recommendations are part of the service we give to clients. We have built a reputation on providing a professional service to buyers while negotiating impressive sales prices for our sellers. We recognise that it is not only about generating viewings and offers for sellers, but how well we can negotiate the offers for our clients.
As the largest and most experiences team in Didsbury village, we have the expertise and the training to give us the edge during our negotiations. Our success and reputation is reflected by the fact we have sold the majority of exclusive properties between £750,000 and £3m in the Didsbury area, where we provide a personal service.
The local market is difficult to navigate with many buyers only willing to sell if they can find a suitable property close to Didsbury or West Didsbury villages. I always think that Didsbury’s name is bigger than the area it covers as it is geographically quite small. Once you look at where suitably sized properties are located; whether the accommodation is suitable; which way the garden faces and whether it is within the catchment for certain schools it requires expert knowledge to assist a buyer in finding the perfect property for them.
As a team, we understand this and try to take a very pro-active approach when informing clients of new properties becoming available and we create a very detailed brochure with stylish pictures laying out all the information a keen buyer would require. This makes for a far more professional experience when viewing clients’ properties. Equally, we hand-pick our viewing consultants who carry a high level of expertise and knowledge about the properties they show, so they can answer any questions you have; whether it is on open day event or an individual appointment.
With an election next year and the threat of an interest-rate hike, it is fair to say that I would anticipate modest price increases in 2015. Currently, we are trading at about a 10 per cent increase since autumn 2013 and this follows the usual local trend. Traditionally in Didsbury, prices go up during the first quarter of the financial year with prices set to maintain current levels for the rest of 2014.
If you are considering selling your property, contact Rob Kennedy for a free, personal sales valuation and bespoke advice about marketing on 0161 448 1234.
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