26 December 2012

Derby Property Market Snapshot

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With Christmas just around the corner, it would be fair to expect a significant drop in activity within the Derby housing market. However, over the last two week period, there were 278 new instructions listed on Rightmove.co.uk which is only a 15% compared to the figures in our previous report.  

Whilst these new listings do tend to include price reductions at this time of year as home sellers reduce their price in the hopes of finding a buyer before the new year, there still seems to be a healthy amount of new properties coming to the market. This is great news for anybody that is looking to purchase a home in the New Year as it still means there is plenty of choice. 

Some of the best picks of the newest properties include this stunning three bedroom detached  family home in Alvaston. An extension has made room for a fantastic open plan living kitchen and we love the designer carpets to the staircase and landing:

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There was also a modern and superbly presented four bedroom, three-storey townhouse which features a balcony taking advantage of some un-spoilt, countryside views:

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Perhaps more surprising is the fact that the amount of sellers that were able locate a buyer within two weeks of their property being marketed has increased by over 100% from 17 to 36. Again, some price reductions may have crept into the equation here but it just goes to show that you can never second guess the best time of year to sell. You just never know when your potential buyer is out there looking for a property.

With regards to properties across Derbyshire priced upwards of £300,000, again there was only a slight drop in “new listings” to 138. Around the same time last year, we were lucky to see 80 or more properties in this price range becoming available which just shows how much the market has improved. 

Included in these new listings was this unique and much improved three bed semi in Repton. The contemporary four-piece bathroom suite is exquisite and the stone fireplace in the lounge sets it off wonderfully:

Click here to view!

Again, there was an increase in properties of this type selling within the first two weeks or being marketed with 12, compared to nine in our previous report.

2013 has been a much improved year for the Derby property market compared to 2012 and it is showing no signs of slowing down for 2014. With the introduction of schemes such as the “Help to Buy” incentive and mortgages becoming more widely available, we’re expecting another increase in the amount of properties sold over the next 12 months. To see how the Midlands has compared to the rest of the country in the third quarter of 2013, why not check out our third quarter market review which you’ll find on the front page of the newsletter.