October 2023 Monthly Market Report for Larbert, Bonnybridge & Denny

As autumn leaves begin to fall, the property market continues to evolve. In this report, we will provide you with a comprehensive overview of the state of the local property market for the month of October. 

We will delve into key trends and market dynamics. Whether you're a homeowner, investor, or industry professional, this report is designed to provide you with valuable insights and data-driven analysis, helping you navigate the property market landscape with confidence. 

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 211 properties available on the market in our area. Last month, there were 187; in August, there were 197; in July, there were 203; in June, there were 297; and in May, there were 163 properties available on the market around Larbert, Bonnybridge & Denny. This is excellent news for buyers, as it means there is lots of choice. 

There has been a steady flow of properties coming onto the market each month. In October, there were 90; in September, there were 82; in August, there were 93; in July, there were 96; in June, there were 111; and in May, there were 82. We expect this steady flow of properties to continue as we head into winter.

In October, 95 sales were agreed around Larbert, Bonnybridge, & Denny. In September, there were 77; in August, there were 102; and in July, there were 98. In June, 99 sales were agreed; and in May, 85 sales were agreed. The doom-mongers in the national media have been proven wrong, and many buyers are no longer fearful of a major collapse in house prices. Instead, home buying decisions hinge on the financial ability and willingness of people to take on 4-5% mortgage rates. Real income growth is at last starting to appear, and this will support people’s desire to move home.

In May, we saw 12 price reductions across Larbert, Bonnybridge & Denny. In June, there were 18; in July, there were 24; in August, there were 19; in September, there were 20; and in October, there were 23. When properties are priced properly, they sell quickly. Setting an unrealistically high asking price at the outset can delay your move by several months.

In October, there were 44 slow movers across Larbert, Bonnybridge & Denny. This is a property that has been on the market for 12 weeks or more. In September, there were 37; in August, there were 32; in July, there were 23; in June, there were 27; and in May, there were 21.

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 May, each property in Larbert, Bonnybridge & Denny had an average of 165.3 daily views on Rightmove per property. In June, there were 153.1; in July, there were 197.2; in August, there were 163.8; in September, there were 157.7; and in October, there were 148.3.

Average daily views per property on Rightmove for properties listed by Alexander Taylor were 162.5 in October, which was 9.6% higher than average. We are proud 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.