Only 442 Warrington Properties for Sale

2017 has started with some positive interest in the Warrington property market. 

Taking a snap shot of the Warrington property market for the first quarter of 2017, the picture suggests some interesting trends when it comes to the number of properties available to buy, their asking prices and what prices properties are actually selling for. 

Properties for Sale in Warrington

Let us first consider the number of properties for sale, compared to 12 months ago:

When we add building plots and other types of properties that don’t fit into the four main categories, there are 442 properties for sale today, compared with 609 a year ago. This is a drop of 27%.

Compared with a year ago, Warrington asking prices are 5% higher.

Land Registry Figures

With that in mind, I wanted to look at what property was actually selling for in Warrington. Taking my information from the Land Registry, the last available six months property transactions for WA5 show an interesting picture. (Note: the Land Registry data is always a few months behind due to the nature of the house buying process, so November 2016 is latest set of data). The price shown is the average price paid and the number in brackets is the number of properties actually sold.

 

So what does all this mean for the property owning folk of Warrington?

Well, with fewer properties on the market than a year ago and asking prices 5% higher, those trying to sell their property need to be mindful that buyers – whether they are first timers, buy to let landlords or people moving up the Warrington property ladder – have much more information about the Warrington property market at their fingertips than ever before.

Those in Warrington who are looking to sell their property in 2017 should be aware of the risks of over pricing their property when initially placing it on the market.

Over the last 12 months, I have noticed the approach of a few Warrington estate agents is to suggest an inflated asking price to encourage the homeowner and secure the property to sell on their books. The down side to this is that when offered to the market for the first time, buyers will realise it is overpriced and won’t waste their time asking for a brochure. They won’t even view the property, let alone make an offer. So when the price is reduced a few months later, the property has become market stale and continues to be ignored.

Whilst the Warrington property-market has an unassailable demand for property – there is one saying that always rings true - as long as the property is being marketed at the right price it will sell.

If you want to know if your Warrington property is being marketed at the right price, email me on manoj@hamletwarrington.co.uk or call on 01925 235338. If you are in the area, feel free to pop into the office – we are based on 6 Bankside, Crosfield St, WA1 1UP. There is plenty of free parking and the kettle is always on.

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