Monthly Market Report for Larbert, Bonnybridge & Denny June 2023

It was the hottest June since records began in 1884, according to the Met Office. While the country basked in the sunshine, the UK property market was heating up too. House prices rose by 0.1% in June, confounding economic forecasts and increasing the average cost of a home in the UK to £262,239.

Summer is always a busy time for the property market, with buyers and sellers mindful of the need to start the ball rolling soon in order to be able to move in time to be settled in their new home for Christmas. 

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 197 properties available on the market in our area. In May, there were 163 properties available on the market in our area. In April, there were 159. In March, 172 were available, and in February, there were 168. 

There has been a steady flow of properties coming onto the market each month. In June, there were 111; in May, there were 82; in April, there were 81; in March, there were 85; in February, there were 80; and in January, there were 61. This is great news for buyers, as it means there is lots of choice. 

In June, 99 sales were agreed around Larbert, Bonnybridge, & Denny. This means that more sales were agreed in June than in any of the last six months. In May, 85 sales were agreed; in April, 74 sales were agreed; in March, there were 90; in February, 83 sales were agreed; and in January, 78 sales were agreed. There is a consistently high level of activity in the local property market. Contrary to the doom and gloom narrative in the national media, the local market is continuing to buzz with activity, and we expect this to continue throughout the summer.

In January, we saw 16 price reductions across Larbert, Bonnybridge & Denny. In February, there were 5; in March, there were 17; in April, there were 16; in May, there were 12; and in June, there were 18. It is worth noting that this number is staying steady. When houses are priced properly, they sell quickly. Setting an unrealistically high asking price at the outset can delay your move by several months.

In June, there were 27 slow movers across Larbert, Bonnybridge & Denny. This is a property that has been on the market for 12 weeks or more. In May, there were 21; in April, there were 28; in March, there were 32; in February, there were 45; and in January, there were 41. This indicates that sellers are beginning to adjust to the changing market, as the number of properties spending a long time on the market is reducing. 

Slow movers can often be due to the 3 Ps: presentation, promotion, or price. We are proud to be one of the top agents in the area with the smallest number of slow movers. Choosing the right agent for your property can make a very real difference in achieving your moving plans.

In January, each property in Larbert, Bonnybridge & Denny had an average of 160.4 daily views on Rightmove per property. In February, there were 186.7; in March, there were 206.2; in April, there were 169.2; in May, there were 165.3; and in June there were 153.1. 

Average daily views per property on Rightmove for properties listed by Alexander Taylor were 257.3 in June, which was 68% higher than average. We are pleased to consistently deliver above-average results for our clients. It shows the difference your estate agent can make when it comes to attracting the right buyer to your property. 

If you’re looking for further information about the Larbert, Bonnybridge & Denny property markets, 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.