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

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What our clients say about us

Testimonials

Douglas McQuat (March 2024) – “This was our first move in 34yrs so we were very nervous but everything went quickly and well leaving us to only worry about the actual physical move. Premier made the necessary processes easy and understandable. They also dealt with us as people not just a client, this made us feel so much better. It was great to know that we were in the hands of people who cared.”Estate Agency Client | 4 Bed Detached Villa | Lady Nairn Drive, Perth | Sold in 3 Days Over Home Report Value

"We put our property on the market with Premier just prior to lockdown but subsequently withdrew it. We were very happy with how Alan handled the situation at that time as well as the marketing. We originally went to them through the recommendation of a mortgage consultant.

We loved the Facebook countdown! The photography and virtual tour were first class. The photographer obviously took a great pride in her work and the results spoke for themselves.

You contacted people who had shown an interest in similar properties and we actually had 3 viewings booked before it was released. Bartek did wonderfully well in convincing the buyer what to offer.

The service was excellent in particular Bartek who showed potential buyers around and Alan who offered great advice on the deal.

This was our first move in 34yrs so we were very nervous but everything went quickly and well leaving us to only worry about the actual physical move. Overall, we felt very pleased and relieved.

Would certainly recommend. Premier made the necessary processes easy and understandable. They also dealt with us as people not just a client, this made us feel so much better.

It was great to know that we were in the hands of people who cared."

Colin Morrison (March 2024) – “I cannot fault the Premier Properties Team, I would highly recommend.”Estate Agency Client | 3 Bed Flat | Friar Street, Perth, | Sold Over Asking Price

"From firstly meeting Katie at my property to the conclusion of the sale I cannot fault the Premier Properties Team. Many thanks for all your help, I would highly recommend."

Pam O’Brien (March 2024) – “Great to deal with, nice people and on the ball. Katie & Alan were great and understood our situation. Can’t thank them enough for their advice and support. Felt happy and looked after. Would definitely recommend this company and would use them again.”Estate Agency Client | 4 Bed Detached Villa | Muirend Gardens Perth, | Sold in 9 Over Asking Price

"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. Felt happy and looked after. Would definitely recommend this company and would use them again."

Nicola Taylor Beal (January 2024) – “Chose Premier because of Alan Keddie. The house was sold quickly. Overall, the experience made us feel like selling a house wasn’t as tricky as we thought!”Estate Agency Client | 3 Bed Detached Bungalow | Muirend Gardens Perth, | Sold in 4 Weeks At Asking Price

"We met 3 local estate agents and chose Premier because of Alan Keddie. Very prompt turn around and felt involved in the process. Excellent feedback from whoever we dealt with. The house was sold quickly with no real issues. Overall, the experience made us feel like selling a house wasn't as tricky as we thought!

Would recommend - great team."

Anne Morrison (January 2024) – “Very professional, efficient and friendly. Felt we were in very good hands.”Estate Agency Client | 3 Bed Semi-Detached House | Brandywell Road, Abernethy, Perth | Sold in 6 Days Over Home Report Value

"Chose Premier Properties as very good reputation in the local area. Excellent all round. Very professional, efficient and friendly. Everything went extremely smoothly.

Felt we were in very good hands. Would definitely recommend for all of the aforementioned reasons."

Alison Shearing (January 2024) – “Very impressed by Alan and Katie. Their drive and enthusiasm stood out. I felt supported and cared for.”Estate Agency Client | Balhousie Street, Perth

"Very impressed by Alan and Katie. Their drive and enthusiasm stood out. Excellent marketing and communication. Efficient and knowledgeable when dealing with potential buyers and negotiating sale. I felt supported and cared for.

Would recommend. The service provided was sympathetic and efficient. Premier Properties are easy to talk to. I found it helpful talking to Alan because of his experience. Paula and Eleze were both pleasant and very helpful."