Market Brief: Market confidence returns
We have seen the York residential property market slowly improving since the summer with recent surveys showing that market confidence has now returned to pre-EU Referendum levels. As market sentiment has improved, some of the houses which have taken longer to sell, have gone under offer and in some cases have even gone to best and final offers whilst previously they had not received a great deal of interest.
We still have prospective purchasers pushing to find something, with a view to moving in prior to Christmas, although of course that window is closing in!
The market however is still price sensitive and it is incredibly important to be asking realistic prices as, in a counter intuitive way, by asking more we often end up getting less, as prospective purchasers wait until prices are reduced and then come in below the reduced levels.
As the property market begins to pick up village living remains as popular as ever especially for young families and downsizers. With its local amenities and a strong sense of community, Dunnington continues to be a popular choice.
Over the last few weeks we have taken a lot of enquiries from people looking to sell in Poppleton in the New Year. With its close proximity to York and within the catchment area for some excellent schools, Poppleton is favourite amongst families. To see what properties are available in Dunnington, Poppleton and other areas visit our property search page.
If you wish to discuss the market in depth I would be delighted to do so.
Ben Hudson, October 2016