Haydock & Newton-Le-Willows February Property Market Update
In this 2 minute read, we take a look over the local property market and give you an insight into how property is performing in the Haydock and Newton area.
What a start to the year the property market has had! January most definitely saw the market get of to a slow start but by the end of the month we saw the market start to pick up pace once again.
With Christmas feeling like a distant memory we have seen our daily routines kick back in which has led to an explosive start to the year! With over 50 property valuations conducted in January we are sure to see a vast amount of properties coming to the market in the coming months.
In the Newton Le Willows Market we saw a total of 35 homes listed and 54% of those homes selling within the first 4 weeks of marketing. This is 10% higher than we saw in December.
The Haydock market has been even busier with 71% of new homes listed in January selling within the first 4 weeks of marketing. That is almost triple what we saw in December!
The bank of England base rate has also been on the rise this week moving up to 0.5% this not likely to have any effect on the market at the moment as demand is high and borrowing money is still largely cheap. With more mortgage products than ever currently in the market lenders have some great deals for buyers! Mortgage rates are expected to climb throughout the year so now could be the perfect time to review your mortgage if you want some free independent advice on your mortgage CLICK HERE to speak to our in house advisor.
If you are looking to find your next dream home this year it would be a great idea to sign up to our heads up property alerts. This amazing tool gives you the edge when finding your next home letting you see properties 48 hours before they go on Rightmove. CLICK HERE to sign up and let us help you on your property journey.
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If you have any questions regarding the property market give our property experts a call on 01925 290290 or 01744 371371.