An update on The Property Market
September 3, 2024 2:21 pm
The property market in the Northwest, particularly in Formby, has been shaped by a strong imbalance between supply and demand. Stephanie Macnab Estate Agents, the top agency in the area, has provided valuable insights and statistics that highlight this trend.
In Formby, there is a significant demand for properties, but the supply remains tight. From January 1st to August 18th 2024, Stephanie Macnab Estate Agents secured 91 new property instructions, far surpassing their nearest competitor, who only managed 70, with others struggling to get in to double figures. This market dominance is a clear indicator of the agency’s deep penetration and trusted reputation among homeowners in the area.
The tight supply, combined with high demand, means properties are selling quickly, often at strong prices. This scenario benefits sellers, especially when they work with an agent like Stephanie Macnab, who not only has the largest market share but also an extensive buyer network. This network, coupled with their expertise in marketing properties effectively, ensures that homes are seen by the widest possible audience, increasing the chances of a successful sale.
For anyone considering selling a property in Formby, these statistics underscore the importance of partnering with an experienced and well-connected estate agent. Stephanie Macnab Estate Agents not only leads the market in terms of new instructions and agreed sales but also delivers results that reflect their comprehensive understanding of local market conditions.