Lancaster & Morecambe 01524 843322
Posted on Wednesday, April 1, 2020
Here are your figures for March 2020
|
2019 2020 |
||
|
New instructions |
136 |
97 |
|
Sales Agreed |
97 |
55 |
|
Price Reductions |
82 |
38 |
|
Average Daily Views |
36.6 |
31.9 |
|
Available Stock |
828 |
636 |
After reporting increased daily views based on year on year figures for January and February 2020, it’s hard to gauge a true picture for March. Activity on Rightmove was going strong, then once lockdown was announced activity remained high for the first few days but we have then seen a decrease in average daily views as people adjust to this new routine and way of life.
We cannot say the figures speak for themselves in giving a true reflection of the Morecambe Property Market in March 2020, as the impact of COVID-19 has restricted the market in how it might actually be performing if we were all going about normal daily life. Recent conversations with vendors and buyers indicate once we are through this time, the need and/or desire to move house remains strong.
We spoke last month about there being less available stock than 12 months earlier. In March we saw 23.1% less stock available than in March 2019. There was 28.6% less new instructions year on year. Again the impact of lockdown is likely being seen here as there will be properties that were booked in for their photos and floorplan that didn’t make it to the market before the restrictions were put in place.
In March 2020 across the LA3 and LA4 postcodes, 55 properties sold. 31 of these sales were in the LA3 postcode area with 24 sales across in LA4.
The most expensive property to sell was a 6 bed detached home on Kent Way in Morecambe, on the market at £329,950 and at the opposite end of the scale was a 2 bed flat on Kensington Road in Morecambe on the market at £32,000.
March breakdown
|
Sales by asking price |
|
|
Up to £100,000 |
11 |
|
£100,001 - £150,000 |
25 |
|
£150,001 - £200,000 |
12 |
|
£200,001 - £250,000 |
5 |
|
£250,000+ |
2 |
|
Sales by property type |
|
|
Detached |
4 |
|
Semi-Detached |
19 |
|
Terrace |
13 |
|
Bungalows |
8 |
|
Flats |
11 |
|
Park Home |
0 |
|
Sales by postcode |
|
|
LA3 1 |
13 |
|
LA3 2 |
11 |
|
LA3 3 |
7 |
|
LA4 4 |
6 |
|
LA4 5 |
11 |
|
LA4 6 |
7 |
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.
The semi-detached style property resumed its place at the top of the list as the most popular house type to sell in March.
If you are thinking of selling please get in touch. During the current time, we are offering remote home seller meetings. At JDG we are here to help you get moved. Call us on 01524 843322 or email sales@jdg.co.uk
Ps.Why not try out our handy online valuation tool? In under 60 seconds, you could have a good indication as to what your home may be worth. Why not give it a go!
https://valuation.jdg.co.uk/home/800-jd-gallagher
*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
PPS This months photo has been kindly provided by Ruth Beattie-Wilkinson from The Consult Centre, Morecambe www.theconsultcentre.com
