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
What our clients say about us
Testimonials
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.”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.”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."
Richard E. Welch (Oct 2024) – “We have experience of working with Premier Properties over several years and have been very happy with the service provided to us.”Sales & Lettings Client | Laurel Bank, Perth | 3 Bed Semi-Detached Villa | Sold in 1 Week Over Asking Price
"Have very good experience working with PPP Sales & Lettings departments and they know the market well. The virtual tour was done very well and the marketing covered every avenue.
Communication was always polite and courteous and the local knowledge and expertise was good. Always keeping us in the loop and providing regular updates.
We were offered advice when needed for deciding whether or not to go for a particular offer. Good, stress-free, process.
Would recommend - we have experience of working with Premier Properties over several years and have been very happy with the service provided to us."
Duncan Kennedy (Sep 2024) – “In our experience, the best agent in Tayside.”Lettings Client
"Truly professional leasing agency and completely up to date with Scottish Government legislation and all aspects of domestic property management. In our experience, the best agent in Tayside."
Lukasz Pilszak (Aug 2024) – “Fantastic job! Our house looked outstanding after you prepared it for market. You made our sale quick and you recommended a solicitor who did a very good and quick job. The best estate agency in Perth!”Estate Agency Client | 2 Bed Terraced Villa | Corlundy Crescent, Crieff | Sold in 1 Week Over Home Report Value
"Our Friend recommended PPP, also you gave a very good fee.
Fantastic job! Our house looked outstanding after you prepared it for market. Everything was clear for us and professional. Quick sale for us, first offer was very good so we accepted it.
We are very grateful to Premier Properties Perth, you made our sale quick and you recommended a solicitor who did a very good and quick job.
Would recommend! The best estate agency in Perth!"
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