2018 to date - Your Welling Property Market update

Sorry I've been away, but its for a good reason - the Welling Property Market has been improving!

As much as I love to keep my clients and anyone interested in property in Welling up to date with what is happening in the area, naturally, customers come first, and I am pleased that the start to 2018 has been really busy in comparison to the second half of 2017, which is good news. 

Busy!

Of course its very easy to get carried away with "being busy" on things that don't actually portray the real housing market in the area, so I tend to judge things based on the volume of valuations we are doing as an office. 

Viewings can go nowhere. Serial browsers, people not familiar with the area, and those that have just started looking and aren't ready to commit to buy anything, give the impression of being busy on appointments, but appointments that come to nothing. Besides, some properties sell on the first day, and some take many weeks, or even months, so thats not a fair judge of the market conditions really.

But valuations tell a different story. 

People don't generally invite you to value their home just for fun. There is usually an underlying desire to move house in the near future, be it days, weeks or months away, and since the turn of the year the volume of valuations we have been conducting has more than doubled on a weekly basis versus the last six months of last year. 

This is great news for the local property market, as more people moving, or considering moving, spreads positive word of mouth and the snowball effect can quickly turn the market in a positive direction. All of a sudden people being pessimistic, or that odd property on your walk to the station stagnating on the market, changes to optimism as you see a few more boards pop up, and "For Sale" becoming "Sold" in no time. 

And it helps prices too. Rather than the odd cheeky offer from a buyer trying their luck, now you have competition, and people making rival bids on the better properties, driving prices up a little, and bringing down transaction times as people are more motivated and anxious to conclude before they get beaten to it. 

And compared to this time last year?

Accordingly to Zoopla figures from March 2017, the average price in the previous 12 months for the DA16 area was £366,000, against now an average over the last 12 months of £383,000. Not a huge increase, but an increase all the same - and one we would firmly expect to continue rising throughout this year if the market continues as it has done so far. 

So if you are thinking of moving, why not get that valuation. You might be pleasantly surprised. Call or email us for an accurate figure, or get an online estimate via our website here ... Online estimate

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