January 2022 proved to be an intriguing month, with all our offices reporting more activity than in previous years. January can prove to be an insightful month and tends to indicate what’s on the horizon for the next few months, traditionally the busiest months of the year in the property market. So, here's the Hern & Crabtree Cardiff property market overview for early 2022...
Notable Numbers Jan 2022
1028 viewings booked; 328 offers made; 51 offers accepted STC; 101.56% of asking price achieved; £5290 achieved over asking price on average.
What we can take from these numbers is that demand is still outstripping supply, and those wanting to buy are understandably a little bit daunted by the prospect of such a busy market.
Reasons To Be Positive
The good news for buyers is that we have a tremendous number of new instructions set to go up for sale over the next couple of months, so watch this space!
We have a large and ever-growing database of sellers who are on the lookout for their next property before they list theirs. Unfortunately, we can’t change the age-old Catch-22, to sell first or find first, but we try our very best to assist our clients through this. As a market leader we are well versed at sourcing properties for this bank of potential sellers. As and when we do, even more fantastic property opportunities will be coming to market. We also have a number of off-market opportunities, where our clients don’t wish for their property to be fully listed, so we would recommend people register with us if they haven’t already done so. If we don’t know you we can’t help you!
If you are in the chicken and egg predicament of wanting to move but unsure of how to get started or which move to make first, we would advise that you keep an eye out for our Hern & Crabtree Helpline where you can register for a call to chat about your options, and get helpful housing advice straight to your inbox! If you want to chat to one of our expert advisors, please call one of our offices and get the conversation going. We refuse to offer pushy advice and instead will listen to your needs, if you would then like us to visit for a chat we would be glad to with absolutely no obligation.
So all in all, January was a hot month for Hern & Crabtree and we are set to become even hotter in February as we head towards spring, with things already beginning to bubble.