Looking back on 2018: Market review

2018 will soon be behind us so let us take a moment to review the past year. The property market can divide opinion and potential uncertainty can have a detrimental effect. However, there are encouraging signs that the property market is, and will continue to be, buoyant.

At Poole Townsend, we found the last twelve months to be especially productive and successful, selling a total of £105.7 million worth of property. The local market trends showed an increase in the number of new properties to the market but a decrease in the number of property sales completions when comparing this year to 2017. With Poole Townsend leading the sales charts in every location in which we have sales offices means that we have been responsible for 27% of all completions in the South Lakes and Furness areas within the last twelve months.

Obviously, the need to instruct the right agent to sell your home is still of paramount importance. You want to know that when your property comes to the market there is a higher chance of it selling. The local average for other estate agents converting new instruction numbers to sales numbers has been recorded at 54.8%. Poole Townsend have achieved an average instruction to sales ratio of 81.4% in the same period, meaning you are 26.6% more likely to sell your property if you choose to market with Poole Townsend.

Please feel free to speak with one of our property experts if you have any questions about the past year or coming months.

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Poole Townsend solicitors Ltd (Company no:10964550) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness, LA14 1RP. A list of directors is available at the registered office address. Authorised and regulated by the Solicitors Regulation Authority number 647087. We are independent financial advisers authorised and regulated by the Financial Conduct Authority. VAT registration number :154365563

Poole Townsend Estates Ltd. (Company No: 10960705) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness LA14 1RP. A list of directors is available at the registered office address. Regulated by the Council of Licensed Conveyancers to provide Conveyancing services. (Firm no: 3438) VAT registration number 288092466. Our Estate Agency is a member of the Property Ombudsman scheme.

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