๐๐๐ ๐ก๐ผ๐๐ฒ๐บ๐ฏ๐ฒ๐ฟ, ๐๐ฒ๐ฟ๐ฒ ๐ถ๐ ๐๐ต๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ข๐ฐ๐๐ผ๐ฏ๐ฒ๐ฟ!
๐๐๐๐ซ๐'๐ฌ ๐ฒ๐จ๐ฎ๐ซ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐๐ซ๐จ๐ฉ๐๐ซ๐ญ๐ฒ ๐๐จ๐ฎ๐ง๐ ๐๐ฉ ๐ ๐จ๐ซ ๐ข๐ฐ๐๐ผ๐ฏ๐ฒ๐ฟ ๐๐๐๐. ๐บ๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐/๐๐๐๐๐๐ ๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐. ๐๐จ๐๐๐ฒ ๐ข ๐๐จ๐ฏ๐๐ซ, ๐๐๐๐๐ข๐ฌ๐ก๐๐๐, ๐๐๐ซ๐ฅ๐๐ฆ & ๐๐๐ข๐ฑ๐ญ๐จ๐ง ๐ฃ๏ธ๐ ๐ญ๐๐ฅ๐ค ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ ๐ฌ๐ญ๐๐ญ๐ฌ ๐๐ง๐ ๐๐ฏ๐๐ซ๐๐ ๐ ๐๐ช๐ฎ๐๐ซ๐ ๐ ๐จ๐จ๐ญ๐๐ ๐ ๐จ๐ ๐ก๐จ๐ฎ๐ฌ๐๐ฌ ๐๐จ๐ซ ๐ฌ๐๐ฅ๐ ๐๐๐ ๐ฌ๐จ๐ฅ๐.
๐ฅ๐ป๐๐๐๐๐ฉ๐๐ข๐๐จ ๐๐ ๐๐ค๐ ๐๐๐๐ฃ๐ ๐๐ ๐๐ฅ ๐๐๐๐๐จ: 0:00 Introduction 0:36 Cadishead Report 2:00 Summary 2:38 Irlam Report 4:00 Summary 4:30 Rixton Report 6:00 Summary 6:30 Final Thoughts 7:28 Turog Update
Its Monthly market review time and as we say goodbye to October, we say hello to darker evenings. Thank you for joining me, im oliver james your local property investigator.
Although we have just seen the Autumn budget and an the increase of stamp duty and its thresholds, we wont see results of that till next months review, it will be interesting to see if that brings a lot more buyers to the market in November.
In this video I will discuss all the stats and goings on with the property market for October for irlam, cadishead and rixton.
First up is Cadishead โ No favourites here just in alphabetical order!
Hi first stop in cadishead is the amount of properties for sale and that number is 71 I like to look back over a 6 year average and that shows an average of 53 houses for sale so currently there is a lot more available houses the normal.
October saw 16 new homes brought to market comparing this to last year there was just 12 with an average of 10 houses this clearly shows there is a lot more options for buyers at the moment
The average asking price for those houses for sale is ยฃ210,687 this equates to ยฃ237 per Square foot.
There were 19 sales agreed in October last year saw only 7 so over double with the average being 12. The average asking price achieved for those 19 sales was ยฃ236,750 and that equated to ยฃ244 per square foot.
If we jump back a month to September we'll see the average asking price achieved was ยฃ210,833 which equated to ยฃ239 per square foot. So ยฃ square foot has increased slightly from last month and so has the asking price achieved
just looking over some of the stats there were 6 price corrections the average is 7 there were seven withdrawn homes the average is 5 and there were seven home sales that fell through the average is 4
So in summary
The Cadishead property market is currently vibrant, with more homes on offer than usual, giving buyers more choice. The increase in sales agreed and slightly higher prices per square foot signal strong buyer interest, likely encouraged by competitive pricing. Sellers, however, should remain aware of price corrections and potential fall-throughs, indicating that well-priced, attractive listings are key in this market.
Overall, the data suggests a positive environment for both buyers and sellers, with competitive prices meeting healthy demand.
Let's head down Liverpool road and into Irlam
there were 85 Properties for Sale in Irlam in October 2024 with 22 new homes coming on to the market. Comparing this to the month before September which only saw 13 houses coming onto the market
the average asking price for those houses for sale was ยฃ220,341 this equated to ยฃ269 per square foot.ย This or strong decrease with the average asking price in September being just ยฃ268,845 which equated to ยฃ275 per square foot.
On the more positive notes of sales agreed there were 22 sales agreed with a 6 year average of 18 there were also 22 sales in the month before September giving the exact same result for sales agreed for September and October which is slightly rare on the average asking price of those houses that did sell wasยฃ246,363 which equated to ยฃ269 per square foot.
Looking back to the previous month we saw an average asking price achieved of ยฃ284,347 which equated to ยฃ297 per square foot
In other news there were 9 price corrections the average is 15 there were three withdrawn properties the average is 8 and there were three fall throughs the averages four.
In Irlam, the market is seeing an influx of listings, with more properties coming onto the market in October than in September, and competitive pricing attracting buyer interest. While asking prices dipped slightly month-to-month, the consistent rate of sales agreed reflects steady demand, showing that well-priced properties continue to move quickly.
Price corrections and withdrawals remain lower than average, suggesting a relatively stable market for sellers. For buyers, the current market offers good options, and for sellers, setting realistic prices appears to yield quick sales.
I'm finally we head over to Rixton which is WA3 6 and that does include some areas of Birchwood
October 24 saw 65 Properties for Sale in total the six year average was 58 on the month before September saw 69 Properties for Sale
there were 12 new homes brought onto the market with the six year average being 15 and 19 homes brought onto the market the month before that in September
the average asking price is isยฃ226,208 which equates to ยฃ315 per square foot.
More importantly the sales agreed there were 14 sales greed in October comparing this to the month before September showed 15 and the six year average showed 12 the average asking price of those houses sold was ยฃ233,333 that's a lot of trees. This equated to ยฃ264 per square foot.
Looking back to the month before hands the average asking price was ยฃ231,490 and this equated to ยฃ287 per square foot.
In other news there were 15 price corrections the average is 9 and the month before September so 4 there were no houses withdrawn from the market although the average is 4 and September so 5 and there were four fall throughs with the average being 3 and the month before September's or 6
In Rixton, the property market is seeing a slight increase in available homes compared to the six-year average, with stable demand reflected by consistent sales. New listings have slightly decreased, but the agreed sales remain on par with averages, suggesting steady interest.
Although the average asking price has dipped slightly per square foot, this hasnโt deterred buyers. Price corrections have been higher, hinting that competitive pricing remains key to securing sales. With minimal withdrawals and a typical fall-through rate, the Rixton market is holding steady, providing a balanced environment for both buyers and sellers.
Across Cadishead, Irlam, and Rixton, the property market remains active, with more homes available than usual, offering buyers plenty of choice. Increased sales agreed across all areas signal strong buyer demand, particularly for well-priced properties.
ย Slight fluctuations in average asking prices and price per square foot reflect a competitive landscape where realistic pricing is key. Price corrections and minimal withdrawals suggest sellers should stay mindful of market expectations to secure quick sales. Overall, the market is balanced, with positive prospects for both buyers seeking options and sellers looking to move properties efficiently.
If you want to sell before the stamp duty increases in April its imperative you come to the market straight away so please reach out for any questions pertaining to the timing in regards to these upcoming market distruptors.
Wondering how much your home is worth
Try our online valuation took and find out in under 30 seconds
https://oliverjames.myinstantvaluation.com/
For more information please visit our website or contact us via:
| 0161 696 5050
| hello@oliverjames.co.uk