Perthshire Property Market Update

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

Join Mailing List & Get Property Alerts Straight To Your Inbox

Follow Our Facebook Page for Sneak Peaks Before Properties Hit The Portals!

What our clients say about us

Testimonials

Caroline & Tony Fellows (July 2024) – “Many thanks to Premier Properties and all their staff for handling our property sale quickly and efficiently. We are very grateful for their dedication and efforts they put into making the sale.”Estate Agency Client | 1 Bed Flat | Crieff Road, Perth

"Recommended to us by a family member. Efficient and Helpful staff. Very satisfied with the marketing and customer service. We were happy with the outcome of our sale and everything involved. No problem recommending P.P. as we were satisfied with the work they put into selling our property. Many thanks to Premier Properties and all their staff for handling our property sale quickly and efficiently. We are very grateful for their dedication and efforts they put into making the sale."

Ian McCully (July 2024) – “Would recommend, excellent staff.”Estate Agency Client | 5 Bed Detached Villa | Coronation Avenue Scone | Sold at Home Report in 2.5 Weeks

"Used Premier Properties Perth for previous sales. Very good marketing and communication. Would recommend, excellent staff."

William Walker (July 2024) – “Following meetings with a few estate agents, we chose Premier. The representatives we met were professional and friendly. The property sale was dealt with in a friendly, professional manner, with good communication and helpful staff.”Estate Agency Client | 2 Bed Flat | Rosslyn Court, Rosslyn Avenue, Perth|

"Following meetings with a few estate agents, we chose Premier. The representatives we met were professional and friendly.

Everything was handled well. The photographs and video were excellent, and it was good that we could amend the wording relating to the property to what we thought fitted best. Any instructions we gave regarding the marketing/pricing of the property were followed through and appropriate advice and recommendations provided.

Overall, I was very happy with the whole process. Would recommend. The property sale was dealt with in a friendly, professional manner, with good communication and helpful staff."

Jim Grieve (June 2024) – “Sold within a couple of days so our relationship was short and sweet! Felt engaged with and staff were professional and efficient.”Estate Agency Client | 2 Bed Detached Bungalow | Knockard Place Pitlochry | Sold in 3 Days Over Home Report Value

"You were recommended by friends in Pitlochry and your price was competitive particularly when we said we didn’t need your viewing assistance service.

The property was well represented and marketed. Excellent service from staff. All very good. Sold within a couple of days so our relationship was short and sweet!

Felt engaged with and staff were professional and efficient. Good service at a competitive price."

Lisa Dillon (June 2024) – “Great professional service. The whole experience made me feel secure.”Estate Agency Client | 2 Bed Mid-Terraced House | Victoria Street Perth | Sold in 12 Days Over Home Report Value

"Simple process ... great services. The marketing made our property look fantastic.

Great professional service. Perfect negotiation.

The whole experience made me feel secure. Would recommend ...easy process."

Pam O’Brien (May 2024) – “Great to deal with, nice people and on the ball.”Estate Agency Client | 4 Bed Detached Villa |1 Thriepland Wynd Perth | Sold in 9 Days Over Home Report Value

"Great to deal with, nice people and on the ball. We had an ex-rental property to sell, and had to decide whether to 'love it' or 'list it' in it's current condition. Katie & Alan were great and understood our situation, we decided to try the property on the market and discussed a fair price for the 'list it' option. All went well and the property sold quickly. Can't thank them enough for their advice and support. Would definitely recommend this company and would use them again."