At the beginning of 2014, the office itself had a complete overhaul and was fully refurbished throughout which set us off on the right foot for a great year ahead. All of our clients have been extremely impressed with the transformation and it has without doubt helped to raise our profile locally.
The year started with a frenzy of buyer activity but frustratingly there was lack of property stock to meet the demand. The result of this was a sharp rise in property values as buyers competed to secure a home. In the last two years, property values in the local area have risen by approximately 20%.
The most active section of the market seemed to be properties valued in the £250,000-£350,000 price bracket with an average selling time of less than two weeks. Following an offer being accepted, getting the sales through to completion presented a different set of challenges as solicitors were clearly overwhelmed with the amount of transactions taking place which in turn led to the conveyancing work taking twice as long. An average property transaction should take around 12 weeks from the point of an offer being accepted by the seller however, in 2014 we experienced delays of a further 6-8 weeks and it wasn’t uncommon for a chain to take 4-5 months to get to completion. However, this is when the work of an estate agent becomes invaluable in the process of keeping the chain informed and ensuring transactions go through.
With the increased business levels it was decided that the team needed to be extended and so we welcomed a new member of staff to strengthen our position further; Gail Brodie joined us in August and has been a valuable addition to the team. Gail has been working in the business for nearly 8 years and brought a wealth of knowledge and experience with her.
In other team news, Jason Bowden the Assistant Manager will be celebrating his 40th birthday and will also be hitting his 22nd year in the estate agency business! Crawford, the Branch Manager, had his first child in 2014, a little girl called Isla who is coming up for her first birthday, only 39 behind Jason!
All of us here at Ash Vale would like to wish you all a very happy new year and we look forward to helping you move to your perfect home in the coming year.
If you would like to discuss moving home please do not hesitate to call us on 01252 353030 or email us on email@example.com.