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Properties in Merseyside are selling within 24 hours of being listed, and local realtors say the market has been “buoyant” after the first closing ended.
The home sales boom is considered to be due to a combination of factors such as the stamp tax break, people having more free time due to the closing, and others getting tired of their current environment because they work from home.
Several agents in Merseyside continue to see increased interest and some really quick deals.
Hannah Naughalty, sales and leasing negotiator for Karl Tatler agents, told ECHO: “The market is so dynamic right now, houses are selling faster than we can get them to market.”
“All of these buyers kept looking through the closing with no properties to go on the market, so when we reopened, the market was booming.
“They then announced the brilliant news about the stamp duty holiday (until the end of March), which certainly helped to help as well, as people were saving what could be thousands of pounds on their purchase.
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“We call our hot applicants after the measurement and we have booked home tours before they are on the market, it is definitely a great and thriving market to sell at this time.
Numerous real estate agents across the country are also finding that this year it is not unusual for homes to be purchased within hours of being on the market.
Karl Tatler’s market snapshot also shows that his agreed sales were up 35% from last year and his display activity was up 41% as well.
Wirral-based real estate agents listed a 4-bedroom townhouse, Brackenhurst Drive, New Brighton, that sold after less than 24 hours on the market.
A virtual tour of the £ 235,000 property was arranged which is within walking distance of Vale park, the boardwalk, local shops and convenient transport links.
Another listing, a 5-bedroom townhouse on Penkett Road, Wallasey, was extremely popular and sold within 24 hours of the first visit.
The Edwardian home features a large front and rear garden and the interior features an open-plan eat-in kitchen design.
Every room in the £ 400,000 property is spacious with plenty of potential and there is also a versatile loft room currently used as a cinema room with projectors.
While a four-bedroom townhouse on Melbourne Street, New Brighton broke down after 48 hours.
Described as the perfect family home, the £ 170.00 property has four well-proportioned bedrooms, the master having double windows.
On the ground floor there is an impressive size lounge, a sitting room and down the hall is the dining room which leads to the modern kitchen with rear access to the garden.
RightMove data supports this, as Merseyside has seen an annual increase in buyer searches from October 2019 to October 2020.
Liverpool and Wallasey are the areas that have gained the most popularity, making them some of the most sought after regions in the country.
According to Rightmove , In the past 12 months, Liverpool buyer searches have increased 62%, Wallasey 58%, Southport 57%, St Helens 41% and Newton-Le-Willows 39%.
Liverpool’s rise means it ranks in the top 20 in the country for increases in the number of buyer searches.
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