By February is the month of love and this was certainly true in the local property market with 85 people falling in love with properties in Larbert, Bonnybridge & Denny during February 2023. Spring has now arrived and the spring rush is firmly underway. Let’s take a look at what’s been happening in the property market in Larbert, Bonnybridge & Denny during February 2023.
By regularly examining the facts and data, we provide valuable insights to property sellers and buyers, helping you make informed decisions in the ever-changing Larbert, Bonnybridge & Denny property market.
There are currently 185 properties available on the market in our area. In January, there were 178; in December, there were 154 properties available for sale: in November, there were 201; in October, there were 211; and in September there were 187.
In February, 88 new properties came to the market. In January, there were 70. There has been a steady flow of properties coming onto the market each month. In December, there were 41; in November, there were 84; in October, there were 90; and in September, there were 82. This is great news for buyers as the increased amount of choice means that it is easier for them to find properties that match their preferences, budget, and specific requirements. The Spring rush is now underway which means an increased number of properties will start coming onto the market.
In February, 88 sales were agreed in our area. This was an increase of 27.5% compared to last month when 69 sales were agreed. In December, there were 56: in November, 85 sales were agreed in our area; in October, there were 95; and in September, there were 77. The local market has remained buoyant and we expect it to get even busier as we progress through the year.
In February, there were 18 price reductions across Larbert, Bonnybridge & Denny. In January, there were 15; in December, we saw 11; in November and in October, there were 23; and in September, there were 20.
A slow mover is a property that has been on the market for 12 weeks or more. In February, there were 42 in the area; in January, there were 45; in December, there were 40; November had 45; in October, there were 44; and in September, there were 37. As one of the top 5 agents in the area with the lowest number of slow movers, we’re proud of our commitment to the 3Ps of estate agency. These are:
- Presentation
- Promotion
- Price.
As the old adage goes, you only have one chance to make a first impression. If any one of these is slightly off, you reduce your chances of achieving a premium price in the market in a timeframe to suit you.
At Alexander Taylor, we work with you to get the 3Ps just right. This is why we are in the top 10 estate agents in the area for the highest average number of views per day per property on Rightmove.
In September, each property in Larbert, Bonnybridge & Denny had an average of 157.7 daily views on Rightmove per property. In October, there were 148.3; in November, there were 149.7; in December, there were 115.7; in January there were 212.4; and in February, there were 229. If you are considering putting your property on the market now is an excellent time to do it.
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.
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