Bearsden Q3 Market Report
By Ross McMillan
As is true to normal third quarter trends in most years, there has been a slight drop off in the first part due to school holidays, although we now expect the Bearsden & Milngavie market to follow suit with the rest of the west of Scotland and pick up pace as we move toward the tail end of the year.
This return to form is evidenced by a solid September which produced a voluminous increase in listings, viewings and registered interested, with quarter 3 coming to close with a number of excellent sales. The mid-market, properties in the £250,000-£500,000 bracket, has performed admirably over the course of the year and we are continuing to see excellent traction in homes at this price point. On top of that, a buyer-heavy market is pushing premiums well beyond both asking price and stated home report values.
The sheer number of interested and motivated buyers is definitely giving us every confidence that a feeding frenzy is on the way. With everything from freak weather conditions to Indian summers now behind us, we envisage a flurry of market activity as both buyers and sellers aim to conclude business before the year is out.
Where we’ve seen stellar form is in the in the sale of high value properties in rural areas, notably in and around Kilearn, Strathblane & Balfron. The rural market really is bustling and is evidently immune at the moment to any mitigating factors which are impacting the city and suburban markets. The top end is also performing admirably and we have successfully concluded a number of off-market sales in excess of £1 million in Q3. Right now we would encourage tempted sellers to contact us to discuss their current property value.
Ross’s Top Advice: Take what the media is saying about the shape of the market with a pinch of salt. The Scottish property industry is bustling right now with buyers jockeying to purchase. If selling is on your agenda, it could suit you to get the ball rolling before the year is out, and I would recommend getting in touch with Corum to get a valuation in asap.