Some six weeks after government guidelines allowed estate agents back to work, there are lots of encouraging signs that the market is experiencing a quick return to pre lockdown levels.
By way of example, we have recently received an offer on a house 12% higher than offers submitted on the same property before lockdown, whilst also managing a number of very serious enquiries on other properties we are marketing for sale. However, it’s important to note that other properties are struggling to get traction in the market place, particularly those with no-outside space. We are finding demand has increased for ground and lower-ground apartments, as unsurprisingly, people are beginning to appreciate their volume and outside space.
Many commentators are suggesting the market is in rude health and whilst we would not disagree that the market has ‘rebooted’ very quickly, we remain cautious – there has undoubtedly been a ‘post lockdown bounce’ but as ever, the key to a successful sale, regardless of market conditions, is correct pricing and a well-conceived marketing strategy compiled by an experienced team. At Tedworth we are well placed to be able to offer just that.