Bridge of Weir Q3 Market Review
By Murray Houston
Bridge of Weir has continued to enjoy a fantastic 2018 and Quarter 3 was no different with market activity remaining strong during the traditional holiday months of July and August with attractive family homes enjoying high demand and strong sale prices.
The common trend of clients feeling confident in regarding the sale of their home has been a welcome constant this year. Where we have found some resistance in the field is simply in our levels of active stock. Buyer demand is far out-stripping supply at the minute, however in all honesty that is a welcome problem for us to have.
Across the last three months, we’ve found a third of properties are selling at competitive closing dates and many are achieving premiums well in excess of home report valuations. This is in part a result of a lot of ground-level work by the Corum team at Bridge of Weir who have proactively sought out buyers throughout the year, learning and understanding what their idea of the perfect home is, and ultimately being able to match them up with such a property.
The family home market continues to outperform expectations in the majority of Renfrewshire villages and preferred suburbs of Paisley. Good local schooling and transport links are major points of consideration for potential buyers. Good presentation and accurate pricing remain vital to maximising the interest generated and sale price achieved. Some welcome signs of increased activity for the upper end of the market with 9 property sale in excess of £400,000.
We expect a continuation of the current market conditions during the autumn period. We have high numbers of motivated and registered buyers looking for their dream property within the Renfrewshire area and would be delighted to discuss the opportunities to move to your preferred home.
Murray’s Top Advice: Well presented properties that are placed on the market are enjoying shorter selling times, so take pride in your presentation and give yourself every opportunity to maximise your potential value