𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐈𝐫𝐥𝐚𝐦, 𝐂𝐚𝐝𝐢𝐬𝐡𝐞𝐚𝐝 𝐚𝐧𝐝 𝐑𝐢𝐱𝐭𝐨𝐧 (𝐋𝐨𝐰𝐭𝐨𝐧) 𝐟𝐨𝐫 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟒

Property Market Update: July Wrap for Cadishead, Irlam, Rixton, Warrington, Lowton, and Glazebrook

Welcome to our July property market update for the areas of Cadishead, Irlam, Rixton, Warrington, Lowton, and Glazebrook. Whether you're a home buyer, seller, or simply keeping an eye on the market, we're here to provide you with the latest insights.

July 2024 Market Overview

In this update, we’ll analyze the key metrics from July, including the number of properties listed, sold, and reduced. We’ll also dive into the crucial price per square foot (or square meter) to see if the market has risen, fallen, or stabilized.

Impact of Recent Political Changes on the Market

With Labour taking control of the government in July, many are wondering how this will affect the property market. Interest rates decreased on August 1st, and we anticipate seeing the effects in the next market update. But for now, let’s focus on July.

Cadishead Market Trends

Starting with Cadishead:

• New Listings: 17 new homes were listed in July, matching the six-year average. This is only slightly down from the 18 new listings in July 2023.
• Properties for Sale: 77 properties were on the market, higher than the six-year average of 59 and last year's 64.
• Average Asking Price: The average asking price was £232,941, down from £252,272 in June, showing a decrease of around £20,000.
• Sales Agreed: 18 sales were agreed, a significant increase from 8 in July 2023, and above the six-year average of 15.
• Price per Square Foot: The average price was £268 per square foot, with the average achieved asking price being £198,055, or £233 per square foot.

Price corrections were slightly higher than the six-year average, and there were also more withdrawals and fall-throughs, which suggests a mixed market sentiment in Cadishead.

Irlam Market Insights

Moving on to Irlam:

• New Listings: 23 new listings were recorded in July, aligning with the six-year average and nearly identical to the 24 listings in July 2023.
• Properties for Sale: There are currently 94 properties for sale, with an average asking price of £246,629 (£282 per square foot). This is down from £296 per square foot in June.
• Sales Agreed: 18 sales were agreed, consistent with the six-year average.
• Achieved Prices: The average asking price achieved was £262,499, equating to £277 per square foot. These figures are similar to June’s data, indicating stability in Irlam.

Price reductions in Irlam were lower than in July 2023, and the number of withdrawn properties and fall-throughs has decreased, reflecting a slightly more positive outlook.

Rixton, Glazebrook, and Lowton Market Review

Finally, let’s cover Rixton, Glazebrook, and Lowton:

• New Listings: 16 new homes were listed in July, close to the six-year average of 15.
• Properties for Sale: 66 properties were on the market, with an average asking price of £282,188 (£255 per square foot). This is a decrease from June’s £251,361 (315 per square foot).
• Sales Agreed: 16 sales were agreed in July, with an average achieved asking price of £275,938. This is a significant increase from June’s figure of £170,909, driven by sales of higher-priced properties.
• Price per Square Foot: The average was £263, nearly identical to June’s £260.

Price reductions were slightly above average, while withdrawals and fall-throughs were below the six-year average, suggesting a relatively stable market in these areas.

Conclusion

In conclusion, the property market across Cadishead, Irlam, Rixton, Warrington, Lowton, and Glazebrook remains stable, with figures comparable to earlier this year and slightly better than 2023. As we move into August, we expect to see further positive changes, especially with the recent interest rate reduction.

If you’re considering buying, selling, or need advice on mortgages, remortgages, rentals, or valuations, I’m here to help. Thank you for reading, and I look forward to updating you next month!

Cadishead property market, Irlam house prices, Rixton real estate, Warrington market trends, Lowton home sales, Glazebrook property update.