Houses buyers are ‘fighting over’ that are flying off the market in less than 24 hours – Liverpool Echo

Posted: May 9, 2021 at 11:39 am

Houses in Merseyside are being sold within 24 hours of hitting the market, as estate agents record some of their busiest months yet.

Over the last year those working in the property industry have noticed a housing sale boom, due to a number of factors.

For reasons such as the stamp duty break, average property prices being higher and people taking advantage of the lockdown, houses across the Liverpool city region aren't staying on sale for long.

Some estate agents across Merseyside have seen such an increase in interest that houses they have listed are selling within a matter of hours.

For every one house put up for sale an agent said there are '10 buyers fighting' for a chance to buy it.

Rightmove backed this up with their recent data that proved now is the fastest-selling market that Rightmove has measured since their records began.

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Tim Bannister, Rightmoves Director of property data said that almost one in four (23%) properties that had a sale agreed in March had been on the market for less than a week, which is also the highest rate that they've ever recorded.

Tim said: "The stars have aligned for this spring price surge, with buyers new space requirements being part of the constellation alongside cheap mortgages, stamp duty holiday extensions in England and Wales, government support for 95% mortgages and a shortage of suitable property to buy."

Liverpool estate agent Adam Sutton said that in his ten years of working in property he has "never seen the housing market in such high demand".

He told the ECHO: In all my ten years of doing this job I have never seen the housing market in such high demand, currently its completely a sellers market with houses selling before they even reach the open market.

We are breaking sales records on a monthly basis, its first time buyers that are really cleaning up at the minute with solicitors working at capacity its slowed down the process even more so sellers are trying to avoid buyers already in a chain so first time buyers are being a preferred choice across the UK.

A number of homes listed with Adam Sutton have sold within 24 hours of reaching the market.

One of which was sold for 250,000 on Blucher Street, in Waterloo.

The beautiful four-bedroom Victorian mid-terrace house is just a short walk to the train station and the bustling South Road.

In the area are plenty of shops, bars, and restaurants and also the marina and beach on Crosby Coastal park.

Highlights of the Blucher Street home include a modern open plan kitchen/diner, a good sized private garden with decking and refurbishments throughout.

Another home that flew off the market with Adam Sutton was a four bedroom semi-detached house on Sealand Avenue, in Formby.

Recently extended and decorated throughout, the property boasts a number of wow factors that helped to secure a speedy sale.

The house is newly rendered and has a paved double driveway and garage out front.

In the back garden there's an area big enough for a children's play area and a patio perfect for al fresco dining and entertaining.

Inside is just as impressive, with modern luxuries including a skylight in the dining area and a fully integrated kitchen with a central island.

Adam said: "These houses have all sold within 24 hours of them hitting the market. Going back even 18 months ago we wouldnt have achieved the prices or the speed of securing the sale.

"I think when the first lockdown hit I was really worried thinking nobody is going to want to move and have people coming into other people's homes while a pandemic is going on but its been the complete opposite which as a business owner has been a positive for us especially as we only launched just before the first lockdown."

He added: "The market is bound to level off and I know I have said this before but if moving is on your agenda there is no time like the present, the amount of buyers looking now since before the pandemic has risen by 113%.

"While the amount of houses being listed now is down 40% so as you can imagine in these situations anybody who does wish to sell it's very likely you will have up to 10 people fighting to buy.

"Which as a seller is fantastic but my heart does go out to the buyers that keep missing out. I need to come up with a new phrase. I keep finding myself repeating what will be will be to disappointed buyers."

Similarly in Wirral, Hannah Naughalty, sales and lettings negotiator at Wirral-based agents Karl Tatler, and branch manager Alexandra Kemp said they have found themselves "busier than ever" in the last year.

They said: The market has continued to grow this year and we still find ourselves to be busier than ever.

We have found that the volume of sales have increased as the area becomes more sought after and due to there being a high demand and not enough supply, the house prices are rising and they are selling very quickly.

Of course the stamp duty being extended up to 250,000 until the end of September and the reintroduction of 95% mortgages has had a huge impact and more first time buyers are looking now than ever before which is wonderful.

We expect this buoyant market to continue and are very excited about what the future brings.

A three-bedroom semi-detached house, on Taunton Road, Wallasey, was actually sold prior to internet advertising, Karl Tatler agents said.

Priced at 260,000, the corner plot property is described as being 'immaculately presented throughout.

Key features of the property include two spacious reception rooms, a garage and off-road parking and a kitchen and dining room that opens out into the garden.

The house is also within walking distance of nearby schools, handy transport links and all that Wallasey Village has to offer.

Another Karl Tatler listing, Cromer Drive, also had a sale agreed in 24 hours of the property being advertised.

The three-bedroom terrace house was listed for 155,000.

It benefits from large rooms throughout the property and has plenty of potential for modernising.

The master bedroom spans the width of the property and also boasts a bay window, allowing for plenty of light.

Outside the back of the property is a yard which is mostly patio area, for ease of maintenance.

However someone with a green thumb could create a lush garden.

Wallasey was named as a price hot spot last week, with asking prices almost 24,000 more expensive than a year ago, a jump of 15.6% according to data collected by Rightmove.

Throughout March and April, one in three properties in the town sold within a week of being marketed on Rightmove.

Though Karl Tatler Wirral estate agents say some of the properties theyve listed have been snapped up in 24 hours - or less.

Alexandra Kemp, branch manager at Karl Tatler Wallasey said: The exciting news that Wallasey is the UKs property hotspot came as no surprise as it is certainly the place to buy at the moment.

Wallasey/ New Brighton is a very up and coming area, there has been a lot of regeneration on New Brighton front and more specifically Victoria Road which has caused a knock on effect on the house prices.

Another Karl Tatler property that had an agreed sale the day it was listed was an impressive five-bedroom end of terrace house on Dalmorton Road, New Brighton.

Conveniently located close to the promenade, Vale Park and the beach, the home was priced at 290,000 upon listing.

Its so close to the waterfront that it benefits from stunning sea views from the bedroom windows.

Typical of period property, the house has charming, spacious rooms with turret bayed windows and traditional fireplaces.

Built over three floors, the home has highlighting including an open plan kitchen and diner, a master bedroom with en-suite bathroom and a large modern family bathroom.

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Houses buyers are 'fighting over' that are flying off the market in less than 24 hours - Liverpool Echo

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