Exciting Times Ahead For 2014 Property Market

January is always a great time to reflect on the previous 12 months and there is no better way to kick-start the year ahead than to reflect on some of the biggest highlights from 2013.

Rob Kennedy, Director of Philip James Kennedy, gives us his insights and observations about the property market in Didsbury last year and more importantly what is in store for 2014.

For those of you who haven’t heard about Rob (there surely can’t be many of you!) he has run one of South Manchester’s Leading Estate Agents for the last 10 years.

I managed to grab a quick coffee with Rob recently and here’s what we discussed….

“Personally 2013 has probably been our most exciting sales year . The team sold Didsbury’s most expensive property to date for well over £2m, we have also recently been instructed on a plot of land in Didsbury Village with full planning permission for a mansion with a £1m+ price tag. In 2013 we blew all previous sales targets completely out of the water.”

Didsbury’s Most Expensive Property Sale To Date – Broome House Which Philip James Kennedy Recently Sold For In Excess Of £2m

What’s really in store for 2014? 

“Nationwide recently reported that property prices in Manchester have risen by more than 20% beating places like London & Brighton by a huge margin.  I am more than optimistic that the market will continue to be strong this year too.”

“Didsbury now has the Metrolink on its doorstep and has also experienced the biggest baby boom since 1972. This has led to a huge pent up demand of local buyers registering on our books over the last 3 months. It’s been eye-opening to say the least. There is an acute shortage of stock in general. Some of our £750,000+ properties have been going to multiple bids. This in turn is having a bottle-neck effect on the family homes at around the £500,000 level as people are choosing to stay put. The Victorian terraces continue to sell at record levels. There’s a finite stock available and they always seem to retain their value.”

“The Rookery” Which Recently Sold With Planning Permission For 4 Detached New Executive Homes

 “What is really exciting is that 2014 will see the release of some new developments in the area the biggest being the former University campus on Wilmslow Rd which also hosts two historic listed building and spans almost 10 acres. This will go some way to fill the void but demand as I see it; will far outstrip supply for many years to come.”

“The government backed “HELP TO BUY” Scheme has certainly added liquidity into the more-affordable end of the market. We are achieving 96% of the asking price and selling within 4 weeks with an average of 11 viewings.”

“We are committed to being the best estate agent in the area and I’m immensely proud of the even stronger team we now have in place for 2014.”

So what’s the outlook like for the Didsbury area in 2014?

“Pretty much more of the same. I’m more than confident the market will remain strong and property prices will steadily increase in the area. We have always been fortunate to never have had a “Property Bubble”  here. Demand is far too strong with a finite supply of property available. It’s an extremely sought after area. Didsbury ticks all the boxes, great schools, a fantastic social scene and an easy commute to Manchester. All the major transport links are literally on our doorstep. There are not many areas that can claim that to be true.”

So Why Choose Philip James Kennedy To Sell Your Property?

•  A Personalised Service tailored to your needs.
•  In-depth market knowledge.
•  Accompanied Viewings until 8pm 7 days a week.
•  Open House selling – Generate huge interest in your property with other interested buyers.
•  Cutting Edge Brochures and marketing materials.
•  Professional photographic images.
•  Huge Online presence including major property portals: – Rightmove, Zoopla & Findaproperty.
•  Mystery Shopper Scheme to monitor and maintain the highest standards.

Here are just a few Statistics to Back up Your Decision

• Over 600 new interested buyers alone recently registered on the Philip James Kennedy database.
•  House sales achieve 96% of asking price.
•  The highest ratio of estate agent staff to the number of properties in the Didsbury Area.
•  80% success rate in exchange and completions – this compares extremely favourably to the industry average of around 60%.
•  Average selling time accelerated from 6 to 4 weeks.
•  Pre sales viewings decreased from 25 to 11.

Looking To Sell Your Property In 2014?

If you are thinking about selling your property in the Didsbury area Rob and his team would be delighted to provide a free, no obligation valuation and appraisal of your property. You can contact Rob on 0161 448 12340161 448 1234 or by email Didsbury@philipjames.co.uk.

Rob Kennedy of Philip James Kenndy

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