The Billinge and Orrell Property Roundup for 2023
Join us as we take a look at what happened in the property market in 2023!
**Rising Stars:** Seller prices gracefully dip by 1.9%, but it's a December dance of joy! Sellers are bringing the festive spirit, making this drop a holiday hug rather than a tumble.
**North West Radiance:** Despite the national asking price dipping by 1%, North West properties are powering through and are up by 1.5% from last year!
**Sunshine Ahead:** Experts predict a modest 1% drop in national prices in 2024, but North West is our beacon of hope! By withstanding high mortgage rates this year and the expectations of them to decrease in 2024, we anticipate a sunnier forecast with growth blooming.
**Sales Jubilation:** We're just 13% behind last year's sales despite the 2022 whirlwind, further showing the market is staying resilient and positive signs for 2024.
**Price Perfection:** UK house prices gracefully rise by +0.5% in November! It's not just good fortune—it's a combination of a home shortage and a sprinkle of buyer confidence!
**Going Strong** Overall, sold prices in Billinge over the last year were 4% up on the previous year and 17% up on the 2020 peak. The reason for this is the lasting effect from previous years of more people moving to more rural areas.
The market is slightly down in Orrell compared to Billinge over the last year as it is down 1% on the previous year but still 13% up on the 2020 peak, selling for an average price of £194,059. So it is still showing positive signs for the new year.
**Recent Revelry:** In the last 4 weeks, Billinge unleashed 17 homes, 5 found new owners, and 6 got a dazzling makeover! Orrell's boasting 20 listings, 5 successful sales, and 11 positive transformations. It's a real estate celebration! 🎉🏡