Henry Adams Property Market Comment

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Property services with proper service. Property Market Comment Spring 2024 Duncton,
SOLD £1,200,000
Petworth

Between January and April 2024, Henry Adams has:

Conducted over viewings Valued over homes

4,680

1,300

full asking price
A selection of properties sold for the
Stein Road, Southbourne SOLD £650,000 Critchmere Hill, Haslemere SOLD £410,000 Bell Hill, Petersfield SOLD £1,000,000 Middleton Road, Bognor Regis SOLD £545,000 The Paddock, Haslemere SOLD £1,350,000 Woodmancote, Emsworth SOLD £730,000

Spring sellers optimistic about a summer move

Planning ahead for a property move is essential in this market, with sales taking longer to reach an exchange of contracts than I can recall. The complexities of conveyancing and mortgage applications have certainly kept our in-house sales progressors busy but productive.

Their goal is to work alongside our sellers and buyers (and any chains) to open up channels of communication to keep our sales on track.

Communication is key. Over the winter months, we introduced award-winning new technology to all our sales offices. This speeds up the time in which a home can be launched to the market, helps us match people to property, and automates behindthe-scenes tasks. All this allows us to spend more time with you, finding out what you’re looking for and understanding your property plans.

Early results are promising. Our offices across the region report viewing levels in April were up by over 30% against the same time last year. Sales also increased by 25% compared to the same period in 2023.

With more properties coming to the market this Spring, and the strong potential for further reductions in interest rates, early Summer looks set to be busier as well.

Much of the uncertainty usually created by an impending General Election is likely to be less impactful this time. For many, a change of

government is already factored into the market through sensible pricing strategies. Property investment demands a medium or long-term view, lasting well beyond whatever the next few months bring on the political scene.

For the latest market updates in your location, please get in touch with your local Henry Adams office. We’re always happy to talk with you about property.

of Residential Sales, Henry Adams gareth.overton@henryadams.co.uk

If you are thinking of moving, contact your local Henry Adams office for a free, no obligation market appraisal.

Email askhenry@henryadams.co.uk

Or visit henryadams.co.uk/ request-a-property-valuation

Statistics from the UK property market:

National average asking price:

£372,324

An annual increase of 1.7%

Source: https://www.rightmove.co.uk/news/house-price-index/

66

The average in the South East days to sell

Russell Road, Havant SOLD £340,000

Bookers Lane, Earnley SOLD £1,125,000

Discover more at henryadams.co.uk

Billingshurst 01403 782991

Bognor & Aldwick 01243 842123

Chichester 01243 533377

East Wittering 01243 672721

Emsworth 01243 377773

Haslemere 01428 644002

Hayling Island 02392 006537

Haywards Heath 01444 458380

Horsham 01403 253271

Middleton-on-Sea 01243 587687

Midhurst 01730 817370

Petersfield 01730 262801

Pulborough 01798 300670

Selsey 01243 606789

Storrington 01903 742535

6 Villages 01243 521829

The London Office 020 7839 0888

Moonfleet, West Wittering SOLD £1,865,000 Royce Close, West Wittering SOLD £1,780,000 Stoatley Rise, Haslemere SOLD £1,350,000 Hurst, Petersfield SOLD £1,500,000
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