Summers Hot Properties!
As the summer property market warms up, with an increasing number of new properties coming to the market, buyer demand across our office network in North London and Hertfordshire remains strong.
In our previous newsletter, we posed the question ‘have house prices peaked in North London & Hertfordshire’ given the gloomy predictions of the media. We concluded that whilst there were some signs of the market slowing down, prices seemed to be stable and in some instances still increasing.
That was in late spring, since then, the summer months have seen an upturn in the number of properties coming to the market, despite the current economic climate. Perhaps more surprisingly, buyers are still very active and demand is seemingly bucking the more general economic trend.
Looking at the property market nationally, I read with interest the recent ‘House Price Index’ from property portal Rightmove, they confirm that this month has seen the fifth consecutive price raise this year, modest by recent levels at 0.3%, but nevertheless, any further increase was unexpected.
Certainly when you consider that after five consecutive interest rate rises and the increasing cost of living, added to the negative media speculation, the expectation was that we would begin to see the market ease. However, buyer demand for new homes coming to the market remains high, at more than double (+113%) of the pre-pandemic five-year May average.
The ‘House price index’ does confirm that there are early signs that the market will ease over the coming months, due to the external economic influences. After what has been an incredibly strong first half of the year. So my advice for those considering a move is to make hay whilst the sun shines…
A question I’m often asked, is what type of properties are selling well and likely to attract high buyer demand? Not always easy to give a straight answer as just about any type of property can fit into this bracket…
Below are some examples of properties that we’ve recently sold, that have attracted strong buyer demand.
Moffats Lane, Brookmans Park, Hertfordshire – Sold
Customer review – Mr Leighton (Vendor) – See full ESTAS review >
‘This was an arduous experience due to factors out of Statons control and ours! When it counted the Statons team did their upmost to get the sale ‘over the line’ and for that we are grateful.’
Staff comment: Matthew Swallow
‘Worked his socks off at the end to ensure a successful exchange and sale.’
Mymms Drive, Brookmans Park, Hertfordshire – Sold
Customer review – Mr & Mrs Foster (Purchaser) – See full ESTAS review >
‘Professional, efficient and really nice to deal with.’
Staff comment : Karen Shewring
‘Karen was a pleasure to deal with from start to finish.’
Crescent West, Hadley Wood, Hertfordshire – Sold
Customer review – Mrs M (Vendor) – See full Google review >
‘I recently sold my house through Statons and from start to finish the support and professionalism that I was shown was fantastic. From my perspective, the process was made as painless as possible, with sufficient hand holding and advice when needed and even when we encountered some issues along the way they were dealt with in an efficient and timely manner with minimal fuss. I would happily recommend Statons to anyone looking to sell their property.’
Overton Road, Hadley Wood, Hertfordshire – Sold
Customer review – Mrs C (Vendor) – See full Google review >
‘BRILLIANT SERVICE QUICK AND VERY PROFESSIONAL. WILL USE THEM AGAIN.’
Camlet Way, Hadley Wood, Hertfordshire – Sold
Customer review – Mrs P (Vendor) – See full Google review >
‘We have bought and sold with Nick, Adam, Carolyn, Lucia & Charlotte over the past 20 years and have found them to be absolutely amazing. They are a professional, warm and friendly team who cannot do enough to make the move as easy as possible, keeping you well informed. Nothing is ever too much trouble! I would highly recommend using Nick and his team at the Hadley Wood Office.’
Hedgerow Lane, Arkley, Hertfordshire – Sold
Customer review – Keely Friend (Seller) – See full ESTAS review >
‘From start to finish, dealing with Statons has been a pleasure. Angelo in the Barnet office worked tirelessly to help with our sale going, what I’d consider, above and beyond what I would have expected of him. Throughout the process he kept me well informed and maintained an excellent sense of humour which was, at times, needed. Angelo’s friendly yet very professional approach was very much appreciated throughout the process and I thank him sincerely for this. The whole team in fact we’re super to deal with.’
Pine Grove, Totteridge, London – Sold
Pine Grove, Totteridge, London – Sold at record price for road
Brookmans Avenue, Brookmans Park – Recently sold at record-breaking price by Statons Prime
If you are thinking of selling, we are happy to offer specific advice on your own property and help you plan for your next move.
Please don’t hesitate to call me.
Thank you for reading
Nick Statons – Owner Statons Estate Agents