A great year for our Estate Agency and the local property market!

While there have been challenges for both buyers and sellers this year, the property market in Renfrewshire has experienced considerable improvements and we are delighted to announce that our Estate Agency has secured over £20 million worth of property sales on behalf of our clients, in 2016.

The volume of residential sales in Renfrewshire increased in 2016. The latest Registers of Scotland house price report shows a 19% increase in quarter 2 sales this financial year in the local area, compared to quarter 2 last year. For the same period, the average property value in Renfrewshire increased by 3%. Clearly despite uncertainty surrounding Brexit and more recently the US presidential election, the local market has shown resilience.

In 2016, we have not only seen more buyers in the local market, but also more sales being agreed and in shorter periods of times, with Walker Laird selling over 100 properties in Renfrew alone. This year has also brought more favourable conditions for sellers, with growing demand and a steady supply of new properties. In 2016 we witnessed the frequent return of closing dates – an impressive 44 times at Walker Laird this year.

Competition amongst buyers has been particularly obvious when marketing family houses, as we found that some buyers were prepared to pay a premium price for the right property. One property for example, went to a closing date with 12 offers in place, the highest of which was 28% above asking price.

The demand for good family size accommodation looks set to continue, so if you want to know how much your home is worth in today’s market or get advice about moving in 2017, we would be delighted to provide you with an up to date and free valuation. Buyers trying to identify their ideal home should also get in touch and speak to us about using our matching service.

We can offer competitive fee structures for sellers coming to the market early in the new year, which is the ideal time to take advantage of that early rush and pick up of activity after Christmas. We can also offer a full deferral of the up-front costs.

Get In Touch

Call 886 5678 and speak to one of our experienced team.