Lancaster & Morecambe 01524 843322
Posted on Tuesday, March 3, 2020
Here are your figures for February....
In February 2020 daily views on Rightmove were up once again year on year, by 38.5% in fact! Daily views were also up too at 45.3 in Feb 2020 compared to 40.4 in January 2020 indicating buyer interest is not waning at all. This higher level of activity translated into more sales being agreed, with an increase of 27.7% compared to 12 months earlier. This was the highest number of sales agreed in a month across LA3 and LA4 since September 2019.
February 2020 saw 20.04% less available stock than what was on the market in Feb 2019 and 18.75% less new instructions year on year, so with the increased number of properties sold in the month, more stock is definitely needed in the LA3 and LA4 post codes to meet current demand!
In February 2020 across the LA3 and LA4 postcodes 92 properties sold. 44 of these sales were in the LA3 postcode area with 48 sales across in LA4.
The most expensive property to sell was a 3 bed detached property on Mayfield Drive, Bare on the market at £350,000 and at the opposite end of the scale was a 1 bed flat on Euston Road, Morecambe which was sold at auction for £20,000.
The average price paid in LA3 stood at £140,921 and in LA4 it stood at £160,096. These figures are taken from the sales registered at the Land Registry over the past 3 months.
Terraced properties took the lead in the most popular property type to sell in February. Bungalows and Semi-Detached properties remained very much in demand too. Talking of popular bungalows, Rylstone Drive didn’t hang around for long, this home was only on the market for 6 days before going under offer!
If you are thinking of selling please get in touch. We urgently need more properties in the LA3 and LA4 postcodes to meet demand. At JDG we are here to help you get moved. Call us on 01524 843322 or email me at jody@jdg.co.uk
Why not try out our handy online valuation tool? It is not as accurate as having us around, but in under 60 seconds you could have a good indication as to what your home may be worth. Why not give it a go!
*All figures have been taken from Rightmove Intel
*JDG Estate Agents have been rated in the Top 3% of estate agents in the UK by the Property Academy and Rightmove
