MAPPED: Best & Worst Places To Sell A Home In England & Wales (Aug 2018)

Dorset’s postcode district BH17 has been named the best location to sell a home this month according to new house selling weather forecast ‘PropCast,’ as its latest ‘England & Wales Top 10 Property Hotspot Report‘ is released.

MAPPED: Best & Worst Places To Sell A Home In England & Wales (Aug 2018)

PropCast: England & Wales August 2018

With a scorching market heat temperature reading of 74 degrees, homes in BH17 are in a sellers’ market, with 74% of all homes currently on the market under offer.

Meanwhile the next hottest postcode districts are B25 (72°), B67 (70°) and B42 (69°) –Birmingham – and then BS3 Bristol and Somerset (69°), M32 Greater Manchester (69°), BS5 Bristol (69°) and RM20 Romford (68°). Ninth and tenth place is taken by two other Birmingham postcodes, B44 (68°) and B34 (68°).

Meanwhile London dominates PropCast’s Top 10 coldest postcodes, where homes are in a buyers’ market. NW8 in northwest London is the coolest at seven degrees, where only 7% of all homes for sale are under offer. This is followed by WC2 (8°), SW8 (9°) and W2 (9°) in London, L2 Liverpool (9°), SA64 Wales (10°) with the capital appearing again at SW10 (10°), W1 (10°), SW5 (10°) and SW7 (10°).

By noting where’s ‘hot’ (sellers’ market) and where’s ‘not’ (buyers’ market), PropCast can help homeowners determine how ‘quick and easy’ or ‘slow and hard’ it will be to sell their homes. At a time where conflicting information about the housing market causes confusion to homeowners, the figures allow people to confidentially identify true local market conditions, make more informed decisions about how best to sell their homes, and ultimately achieve better results in less time.

PropCast determines the temperature of a market by counting the number of properties for sale and calculating the percentage of these that are under offer or sold subject to contract: 0%-20% is very cold, 20%-35% is cold, 35%-50% is hot and anything above 50% is very hot – portrayed as degrees.

Available on TheAdvisory website, users simply input their postcode and PropCast will report on current market conditions, show historic trend data and display heat maps of adjoining local property markets.

Homeowners are then invited to request a free analysis of the market tailored to their specific property, coupled with a strategy blueprint with instructions on how to use this information to get the sale they need, no matter how hot or cold their market is.

PropCast’s creator and professional property seller, Gavin Brazg, comments:

“PropCast gives everyone 20:20 vision to see what’s really happening in his or her local property market. Sellers in cold buyers’ market should not be downhearted because it’s still absolutely possible to sell well. Buyers are out there; they’re just more price and condition sensitive. The key to success is to identify the homes that are your direct competitors, and then position your home so it represents the best value for money.

“Those sellers in a sellers’ market certainly have it easier as the balance of power is skewed in their favour. This is because there are more buyers than homes for sale. Properties sell quicker and often after a bidding war (as long as the initial asking price is set realistically).

“If you are trying to buy in this type of market, get ready to compete against other buyers. Be prepared to spring into action the moment a property you like hits the market, be pre-approved for a mortgage before you make an offer and make your opening offer a strong offer.”

For more information, high res imagery and bespoke heat map requests, contact Gavin Brazg at info@theadvisory.co.uk or +44 7944 096 610.

 

Kindly shared by The Advisory