Sellers Market – January 2021

28th January 2021

January is traditionally a busy time for new valuations and instructions – people have considered their plans for the New Year and the first thing to do is arrange the free valuation. However, we’re in lockdown again and whilst that has taken the edge of the market a little, we’re permitted to stay open and continue our business – subject to Covid related protocols which we have introduced. It’s been a strange few weeks which has fluctuated between quiet to busy, but we’re encouraged with the new properties coming to the market and the interest being seen.

The top end of the Cramlington market has seen prices rising with certain hotspots like Barns Park and parts of Northburn attracting a lot of interest. Whilst the Stamp Duty Holiday certainly fuelled that end of the market, those areas generally remain very desirable and that interest has dragged the rest of the market with it during 2020 and into the first few weeks of 2021. Possible leasehold reform (intentions announced by the Government) has also seen a small increase in interest in flats too.

Whilst the uncertainty down to the pandemic remains, the market remains resilient and we are not prone to the valuation swings / hikes seen in many other parts of the country. People will always need to move house and if you require a free valuation, then give us a quick call. We’ll be respectful and conduct our business in accordance with the current protocols, but if you need to move, you need to be in a position to do so and that valuation is the first step.

View more: Local Market Comments, Sellers Market Comment

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