August 2022 Market Report for Larbert, Bonnybridge & Denny

August has been a month of extremes: a heat wave, first holidays abroad in 2 years, and constant talk of the cost of living increases. This is causing widespread worry, which is an uncomfortable feeling for many. 

It’s also causing people to reassess their lifestyles and make changes where they’re able. Many people are considering downsizing in order to reduce their bills or release equity. The property market continues to move, as it always will, with families growing, people passing away, and moving jobs.

Let’s have a brief look at what’s been happening over the last month in the local property market around Larbert, Bonnybridge & Denny.

There are currently 198 properties available on the market in the area. The month prior there were 142. There were 93 new properties that came to the market in July. In August, there were 118. We have certainly seen this increase at Alexander Taylor being due to people thinking about their finances.

In June, 89 sales were agreed. In July, 90 sales were agreed upon. In August, this figure continued to increase, up to 126. This demonstrates how there are still strong activity levels locally, despite the media doom-mongering that’s been rife over the last month.

There are 15 slow movers on the market in the Larbert, Bonnybridge & Denny areas. This means a property that has been on the market for 12 weeks or more. In June, there were 7 and in July there were 4 so this could be indicative of the prices the market is prepared to pay not being the same as what sellers and some agents are expecting. 

When property prices have been as high as the last two years, at unprecedented levels, it can be hard for sellers and some agents to adjust when they start to cool as they have now. 

In June, each property in the Larbert, Bonnybridge & Denny area had average daily views on Rightmove per property of 296. In July, this had decreased slightly to 283. This is the average of the top ten agents in the area. 

Average daily views per property on Rightmove were 199.2 in August. We were pleased to be consistent in achieving higher than the average again for our clients. In July, the average daily views were 283, with ours at 360, which shows the difference your estate agent can make when it comes to attracting the right buyer to your property. 

Over the above period, Cala Homes, sold out their executive development within “Kinnaird Village”.  Their main products were a large 4 and 5 bedroom detached home, amongst smaller terraced houses and flats.  This has been a huge benefit to the second hand market within “Kinnaird Village” and “The Inches”, as there is no longer the pull towards the nice shiny new home at a fixed price.  There is no short term notice that there will be any further build within the area, possibly that land on the other side of Hamilton road, but in my opinion, that would be some time in the distant future. 

Viewings,offers and sale prices achieved still continue to go way beyond the home report figure. How long this will continue, we will just need to wait and see how the wider economy as a whole performs, but for now, don't stall any longer and get the best return out of your current home, the demand is still there and you just wouldn't want to miss this profitable window of opportunity.     

If you’re looking for further information about the Larbert, Bonnybridge & Denny property market, or if you’re thinking of selling or buying in the area, please don’t hesitate to get in touch. You can call 01324 811 233 or email info@alexander-taylor.co.uk.