local property market update

Caledonia Property Market Update

Somehow the autumn of 2020 is upon us and schools are back in West Dunbartonshire. As this brings some semblance of normality and routine into our lives, which can only be welcome news after such a long spell of homeschooling and social distancing, we wanted to bring you a local property market update.

Rightmove reports record August

The summer has brought a boom for the local property market, as we reported in this earlier blog post. While usual summers bring some level of quiet, with many homeowners being distracted by holidays and travel, this year has proven once again atypical.

Numbers from property portal Rightmove suggest the same wave of property transactions has been experienced across the country, with agreed house sales hitting their highest level for at least a decade in the last month, with sales 60% above the figure recorded last August (source).

Lockdown has changed priorities for many who are now in need of home working space or value a garden rather than a short commute. Many property owners have decided to take advantage of the LBTT tax break and are making the desired move. Also encouraging is the interesting financing options still available – which gives the market an extra, much needed boost.

Caledonia Bureau – local number 1 in terms of property stock

Also according to official Rightmove statistics , during August 2020, CALEDONIA listed more properties onto the market than any other agent operating in our area and had more detailed views of listed properties through Rightmove than any other local agent.

local property market update

Our team is extremely proud of being able to keep supporting local homeowners in achieving their property goals and has been working around the clock to answer each and every query.

High property demand across all areas

We’ve been working around the clock to accommodate client demands – be it booking valuations and preparing the marketing for properties coming to the market or dealing with the surge in buyers keenly looking for the right home to come to the market. Keep an eye on our listings as there are plenty more properties currently being prepared for the market.

While property stock is coming to the market, there is still not enough to keep up with demand. We currently have active registered buyers looking for property in all local areas and on all property types. We book tens of viewings for many of the properties coming to the market – and that can be rather stressful if you are a buyer, so you might want to read our previous advice on making sure you secure your dream home.

As one of West of Scotland’s longest established estate agents, Caledonia Property has helped locals buy, rent, let and sell properties quickly, and with the minimum of hassle. Get in touch with our team on 0333 241 3333 today or send us a message to find out more.