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Dear Chorlton

Lowest annual increase since 2013 gives warning to over-pricing sellers

  • Annual rate of increase lowest since April 2013 at +2.3%, though overall demand remains strong: 
  • Rightmove traffic at record January levels, with visits up 3% on January 2016’s buy-to-let boosted period  
  • Investor sectors understandably quieter than this time last year on number of properties coming to market and number of properties sold
  • Slower rate of price increases makes it riskier for sellers to over-price their property:
  • Analysis shows sellers are 40% more likely to sell if priced right when they first come to market 
  • Three quarters of agents1 surveyed by Rightmove report price-sensitive markets with buyers reluctant to enquire if property is priced just a few percent too high
  • Price of property coming to market up 2.0% (+£5,986) this month, the smallest price rise at this time of year since February 2009

Here at JP & Brimelow in Chorlton my team and I are here to help you with your buying and selling requirements. Please don’t hesitate to contact the team on 0161 882 2233 for a free MARKET APPRAISAL of your home or for any assistance now or throughout 2017.

'Knowing others is wisdom, knowing yourself is enlightenment.'

Kind regards

Eddie Ellis MNAEA


JP & Brimelow Chorlton