As we move into autumn 2024, the Plymouth property market is showing no signs of slowing down.
In fact, if you’ve been thinking about selling your home, now looks to be the perfect time to take the plunge.
With Plymouth estate agents reporting more properties available for sale than any other time in the past decade, the opportunities are growing – but so is the competition.
Rightmove’s latest data reveals that the number of homes available on the market is at a 10-year high.
So, if you’re thinking of selling, it’s more important than ever to make sure your property stands out – and that starts with choosing the right estate agent.
Our Lang Town & Country team knows how big a decision selling your home can be.
That’s why we’re here to make the process as smooth and successful as possible, ensuring your home gets the attention it truly deserves.
With so many properties on the market, we’re here to help you rise above the competition and attract the right buyers.
What’s happening in the Plymouth property market?
Paul Preen, Managing Director of Lang Town & Country, says: “The economy is stable at this moment in time.
“Rightmove’s recent report indicates that the property market is seeing a 10-year high in available stock.
“This is largely due to stabilising interest rates and a more predictable economy, which has brought some much-needed confidence back to the housing market.
“After a few rocky years, both buyers and sellers are feeling more secure about making their next move.”
More properties, more competition – What does it mean for you?
Rightmove’s House Price Index for September 2024 shows that the number of homes for sale has reached its highest level in ten years.
This is due to a combination of lower mortgage rates, increasing demand from buyers, and renewed confidence among homeowners who are now ready to sell.
With an average of 62 properties available per estate agent, the autumn market has arrived earlier than usual this year.
New property prices have risen by 0.8% this month, bringing the annual increase to 1.2%, with the average home now priced at £370,759.
Sales are up by 27% compared to this time last year, showing that buyers are eager to act in the current market conditions.
However, while more sellers are bringing their properties to market (up by 14% from last year) buyers remain cautious when it comes to pricing.
Homes in the UK are currently taking around 60 days on average to sell – a few days longer than last year – so pricing your property correctly from the start is crucial.
A recent report actually showed that Plymouth properties are selling faster than anywhere else in the UK, with an average of just 32 days from listing to being sold subject to contract (SSTC).
How you can stand out in a crowded market
With so many homes for sale, simply listing your property won’t cut it – it needs to be marketed in the right way to stand out.
In a fast-paced market like Plymouth, the role of a knowledgeable and experienced estate agent becomes even more crucial.
Familiar with the nuances of the Plymouth property market, local agents are well-positioned to advise sellers on how to make their homes stand out in a competitive environment.
Paul explains: “This really highlights the importance of choosing the right estate agent. With so much competition, you need an agent who will showcase your property in the best possible light.
“At Lang Town & Country, we’re dedicated to doing just that. We provide professional photography, drone footage, and video tours on all of our properties to really showcase the saleable features of your home.
“We don’t just list your property – we craft a personalised marketing strategy that highlights its best features and makes it irresistible to potential buyers.”
How high-quality marketing can maximise your home’s appeal
Gone are the days when a few quick photos were enough to sell a home. Buyers are now more discerning, and they expect high-quality visuals and detailed information from the very first glance.
That’s why we use the latest technology to make sure your property gets the attention it deserves. With professional photography, we highlight your home’s most attractive features.
Our drone footage and video tours give potential buyers a unique perspective, allowing them to imagine themselves living in the space before they even step through the door.
In a competitive market, high-quality marketing can make all the difference. It could mean a faster sale at the right price, instead of your home sitting on the market for weeks or even months.
What’s happening in the UK property market?
Rightmove’s September report paints an encouraging picture of the 2024 property market.
According to Tim Bannister, Rightmove’s director of property science, both buyers and sellers have come back to the market with a strong sense of urgency, continuing the momentum we saw over the summer.
This surge in activity is driven by several factors, including stabilising interest rates and pent-up demand from those who were waiting for more favourable conditions. But this window of opportunity won’t stay open forever, as future economic uncertainties could affect the current positive trend.
Nathan Emerson, chief executive of Propertymark, has also noted that some sellers may be trying to get ahead of potential tax changes in the upcoming October Budget.
If you’ve been on the fence about selling, now might be a good time to act before any further market shifts.
Why now is the time to get your property valued
If you’re thinking about selling your home, there’s no better time to get a valuation. With the market at its busiest in a decade, getting an expert opinion on your home’s value can help you make the most of the current conditions.
At Lang Town & Country, our team of experts will provide you with an accurate, realistic valuation based on the latest market data.
We’ll help you price your home competitively, ensuring it attracts interest and maximises your return. And with our proven marketing strategies, you can be confident that your property will stand out from the crowd.
I’m thinking about moving. What’s the next step?
The autumn market is well underway, and with more properties on the market than we’ve seen in years, now is the time to act.
Whether you’re ready to sell or just want to know what your home is worth, get in touch with us today for a no-obligation valuation).
We look forward to hearing from you.
Plymouth Sales – 01752 256000 / Property@langtownandcountry.com
Plymstock Sales – 01752 456000 / Plymstockoffice@langtownandcountry.com
Waterside – 01752 200909 / Waterside@langtownandcountry.com
Lettings – 01752 201010 / enquiries@langtownandcountry.com
Land & New Homes – 01752 278499 / newhomes@langtownandcountry.com
