Sales Market

The housing market in May continued to move at pace with sustained buyer demand and constrained supply putting sellers in pole position.

Although the volume of listings and sales in May was down compared to record breaking April levels, properties sold quickly and prices remained strong.  We sold 20 houses and 7 flats, with 3 bed houses accounting for 40% of overall sales. 

On average, each property attracted 7 viewings, with several receiving upwards of 10 and the right properties in the right locations typically selling in a matter of days.  The number of sales going to closing dates was up on April and we negotiated above asking price values for 89% of properties (6% more than in April).

With the pandemic placing a greater focus on the home and prompting households to review how and where they live, we are seeing an increase in buyers from other areas of the country, such as Edinburgh, which is also placing upwards pressure on prices.

Sellers who are in a position to put their properties on the market now will benefit from considerable pent-up buyer demand which is continuing into June.  There is also a significant number of potential buyers who have sold their properties and are temporarily living in rented accommodation until they find the right property to purchase. 

Key Stats

  • We sold 27 properties in May.
  • Sales comprised of 15 houses, 5 bungalows and 7 flats in locations such as Auchterarder, Bridge of Earn, Crieff, Newburgh, Scone, Stanley, Tibbermore and Perth itself.  40% of sales were for 3 bed houses.
  • 85% of properties sold for full home report value or above.
  • 26% of sales went to a closing date.
  • We negotiated an additional £255,650 for our clients (an average of £10,000 per property).
  • We listed 28 properties (more than any other agent covering Perthshire)

Rental Market

The imbalance between demand and supply is also evident in the local rental market.  There is increased tenant demand across the board and the market is also moving very quickly, with significant demand for 3 and 4 bedroom houses and quality flats.  Feedback from viewers is that properties are being rented very quickly and there are many tenants struggling to find suitable properties.

We are seeing more people being forced into the rental market due to the economic effects of the pandemic and there are many sellers renting temporarily until they find the right property to buy. 

Notably, as with the sales market, we are receiving more enquiries from people looking to move into the area from other parts of Scotland, as well as from England.

Key Stats

  • We listed 14 properties for rent
  • Agreed 12 tenancies
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What our clients say about us

Testimonials
Barbara McKay (Dec 2024) – “I was impressed with Cara’s approach when viewing a property being sold by Premier. Property well advertised, gaining maximum exposure. Professional, friendly, not pushy.  Relieved that someone else was taking the strain and I could trust them.”Barbara McKay (Dec 2024) – “I was impressed with Cara’s approach when viewing a property being sold by Premier. Property well advertised, gaining maximum exposure. Professional, friendly, not pushy.  Relieved that someone else was taking the strain and I could trust them.”Sales Client | Byres Of Murthly Farm Cottage Murthly, Perth | 3 Bed Cottage | Sold Over Home Report in 9 Days

"Chose PPP as I was impressed with Cara's approach when viewing a property being sold by Premier.

Marketing was professional and prompt.  Property well advertised, gaining maximum exposure.  First class communication, everyone I spoke to on the telephone or face to face was able to answer queries.  Professional, friendly, not pushy.  Relieved that someone else was taking the strain and I could trust them.

Most definitely recommend, takes away a lot of the stress involved in house selling and gives a buffer between buyer and seller, so you don't get drawn into personal involvement."

 

Helen Dundas (Dec 2024) – “Staff where understanding of our personal circumstances. All communication was easy, helpful and responsive – everything you needed, however hard or stupid the questions may have seemed. Excellent experience.”Helen Dundas (Dec 2024) – “Staff where understanding of our personal circumstances. All communication was easy, helpful and responsive – everything you needed, however hard or stupid the questions may have seemed. Excellent experience.”Sales Client | Sandeman Place, Luncarty | 3 Bed Detached Bungalow | Sold in 3 Weeks

"We chose Premier Properties as staff where understanding of our personal circumstances and help with viewings.

All the marketing materials were professional and the photographer was helpful and polite.  All communication was easy, helpful and responsive - everything you needed, however hard or stupid the questions may have seemed.

Excellent experience. Would recommend, they are professional and polite."

 

David Bates (Nov 2024) – “Their knowledge of the current market trends was on point which helped immensely in deciding to sell. The experience and professionalism proved to be true.  Would recommend; they’re the best.”David Bates (Nov 2024) – “Their knowledge of the current market trends was on point which helped immensely in deciding to sell. The experience and professionalism proved to be true.  Would recommend; they’re the best.”Sales Client | Cleeve Park Perth | 2 Bed Apartment | Sold Over Asking Price

"Their reputation was better than anyone's.  Very professional and clear marketing.  Communication was great. No unnecessary calls/emails. Their knowledge of the current market trends was on point which helped immensely in deciding to sell.  I was notified of when and who was viewing the property before the viewing.

Sale went as planned.  Grateful that the experience and professionalism proved to be true.  Would recommend; they're the best."

 

William & Sarah Waddell (Nov 2024) – “From their first visit to our home we knew we were in good hands with Katie & Alan. The overall experience was so much better than we could have imagined. We were well looked after by the entire team and always kept informed at every stage. They even solved our problem finding suitable rental accommodation after our quick sale with their innovative  methods.”William & Sarah Waddell (Nov 2024) – “From their first visit to our home we knew we were in good hands with Katie & Alan. The overall experience was so much better than we could have imagined. We were well looked after by the entire team and always kept informed at every stage. They even solved our problem finding suitable rental accommodation after our quick sale with their innovative  methods.”Sales Client | Stanley | 4 Bed Detached Villa | Sold in 11 Days Over Home Report

"From their first visit to our home we knew we were in good hands with Katie & Alan. Their friendly approach, genuine enthusiasm for our property and obvious knowledge of the current property market immediately put us at ease which helped us to decide if we were ready to proceed with our house sale. There was no push and they encouraged us to take time to think things over before going ahead.

The marketing was excellent.  We had amazing photos, a virtual tour, drone footage, social.  The customer service was exceptional. The friendly team went above and beyond in their efforts to ensure we were kept informed at every stage of the process.  We received immediate feedback from viewers and they even solved our problem finding suitable rental accommodation after our quick sale with their innovative  methods.

We were impressed by the research carried out on potential buyers and the immediate feedback obtained from them.  The entire sale process was negotiated in a very professional manner.

The overall experience was so much better than we could have imagined. We were well looked after by the entire team and always kept informed at every stage.  We would certainly recommend Premier Properties Perth to any of our friends looking to sell their property.  Many thanks to the entire team. Their friendliness and professionalism were much appreciated."

 

Andrew Fairbairn (Nov 2024) – “Would recommend because you were knowledgeable and attentive and responded very quickly when required.”Andrew Fairbairn (Nov 2024) – “Would recommend because you were knowledgeable and attentive and responded very quickly when required.”Sales Client | Forgandenny Road, Bridge Of Earn | 3 Bed Detached Villa | Sold At Home Report

"PPP were recommended to us.  Excellent marketing.  Seemed to generate a lot of interest.  Really good communication, there were two or three people I could contact including Katie which was helpful.  Communication on viewers was very quick and helpful. Advice on prices and offers was helpful.

Felt optimistic about getting the house sold.  Would recommend because you were knowledgeable and attentive and responded very quickly when required."

 

Graham Lawson (Nov 2024) – “Selling a house can be a very stressful experience but I felt reassured and nothing was too much of a problem. I was kept updated and treated respectfully throughout the whole process.”Graham Lawson (Nov 2024) – “Selling a house can be a very stressful experience but I felt reassured and nothing was too much of a problem. I was kept updated and treated respectfully throughout the whole process.”Sales Client | College Terrace Methven, Perth | 3 Bed Semi-Detached Bungalow

"PPP made the effort to meet me quickly at the property, listened to my opinions and did not pressure me.

The property was well represented and I was given the opportunity to review and make a change.  I was kept updated regularly and was given practical and realistic advice.  When the negotiations were taking place, I was fully involved and my instructions respected.

Selling a house can be a very stressful experience but I felt reassured and nothing was too much of a problem. I was kept updated and treated respectfully throughout the whole process.  Would recommend for the reasons given above."

 

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