With the stamp duty holiday in place, many buyers and vendors are keen to move quickly.
If you plan on selling your home soon, Hunters Hornchurch is here to assist you. We are pleased to say we have helped many local homeowners, and we can provide a property valuation for you.
With a realistic property valuation, you can enter the market with greater confidence, and we will do everything we can to help you connect with likely buyers. We appreciate there are time constraints in the housing market right now, and our expertise will assist you achieve your aims.
Some areas are seeing property sell fast
Analysis by Rightmove examines where homes are moving quickly, and slowly. The ten poorest performing areas on the selling list have an average price of property greater than £1m. The best areas to sell property hold an average asking prices of less than £500,000.
According to Rightmove, as of the end of October 2020, the Hornchurch housing market can be described as:
“Properties in Hornchurch had an overall average price of £440,575 over the last year. The majority of sales in Hornchurch during the last year were semi-detached properties, selling for an average price of £436,322. Terraced properties sold for an average of £388,967, with flats fetching £250,241. Overall, sold prices in Hornchurch over the last year were 5% up on the previous year and 1% up on the 2017 peak of £434,437.”
This places Hornchurch within the expected area of where homes sell quickly.
The best places currently to sell a property:
1: Walthamstow, Greater London - average of 35 days on the market
2: Ashford, Kent - average of 36 days on the market
3: Sale, Greater Manchester - average of 39 days on the market
4: Rainham, Greater London - average of 42 days on the market
5: Bexley, Greater London - average of 42 days on the market
6: Brockley, Greater London - average of 43 days on the market
7: Upper Sydenham, Greater London - average of 44 days on the market
8: Bristol - average of 44 days on the market
9: Penge, Greater London - average of 45 days on the market
10: Forest Hill, Greater London - average of 45 days on the market
The typical time on market for the whole of England and Wales is currently 70 days.
We can help you sell your home
Danny Luke, Quick Move Now’s managing director, commented: “Despite grave concern about how the property market would fair during the COVID pandemic, there are some very positive signs. Overall, a property in England or Wales typically now sits on the market for 41 days less than it did in March of this year. Properties in the best areas to sell are removed from the market in an average of 35 to 45 days. Back in March of this year, properties in the best areas to sell typically stayed on the market for 46 to 65 days. It is important to note, however, that stock levels are significantly lower than they were this time last year.”
Danny continued by saying; “At the other end of the spectrum, we can see that the prime residential market is not doing quite so well. Increased home-working, less secure employment and a drop in demand for flats could all be contributing to the typical time on market for the ten worst areas to sell a property. Looking ahead, I would expect to see a price correction across prime residential property in the coming months, certainly in London and specifically on flats. With fewer commuting restraints and an increased desire for outdoor space, London’s current oversupply of flats will undoubtedly have an impact on price.”
If you are keen to stay in touch with the local housing market, we can help. At Hunters Hornchurch, we are on hand to ensure you receive all the guidance you need in the local property market, and we are here to assist you.