JANUARY SALES EXCEED £10 MILLION
What a sensational start to 2017 with secured offers on over £10m of residential property. February has continued in the same vein, the average house price sale in the Isle of Man is £270,000 putting into context the mammoth effort our team has put in over the winter months. We are now in need of stock at all levels. With a healthy list of buyers ready and waiting to purchase their dream home this could be the opportunity to take advantage of an improving market. Our buyers have realised that the market has taken a hit over the past seven years. Banks, surveyors and Vendors now have an understanding that prices are not about to change for the better but have steadied over the past 12-18 months and this has been a major contribution to our recent success. Mark Canty, Director
PRICE IT RIGHT AND IT WILL SELL
The biggest impact your home will have is when it is first launched onto the market. Our superb start to the year is not just about fantastic levels of sales, it has also been about the gap between market price and sale price. Our start to 2017 has seen the percentage of price reductions drop, we are achieving sale prices at just 2% below asking price demonstrating the fact we are getting to grips with true property values. With stock levels reducing agents will now be fighting for stock, this can often mean values are inflated by competing property experts just to get the listing… don’t be fooled into this trap; If you start too high you lose the desired impact at launch, reductions are often seen as a weakness and experienced buyers will generally wait for a second reduction meaning you will lose out if you do not pitch it right from the start.
For an accurate valuation and a professional opinion on how best to sell your home call today on 01624 625888. Selling houses - “it’s what we do”.
RYAN JOINS LETTINGS DEPARTMENT
Cowley Groves are delighted to announce the appointment of Ryan Cornelius. Having sampled life in estate agency over the past year with an online company Ryan has now taken the natural step in joining Cowley Groves to further his career and to learn his trade amongst the best in the business. Ryan values customer service above all else and appreciates working in a team environment. The addition of Ryan to Cowley Groves will no doubt elevate our rentals department to the next level.
