Prestatyn Market
Here is the latest market update for Prestatyn
Here in North Wales, we are blessed with beautiful coastlines, stunning countryside, and proximity to big urban centre too. We have also lately realised how lucky we are to live in a place of peace.
The sad circumstances in the Ukraine have made many of us even more grateful for our homes and the safety of our families and friends. It’s too soon to know if the situation there will have an impact upon the housing market here in Prestatyn and nearby.
However, locally, our lives don’t stop, even when there are atrocities happening elsewhere – babies are still being born, people are getting new jobs, and people still need to downsize, by way of just a few examples.
As one of the top three agents of choice in Prestatyn, we have had the pleasure of meeting lots of lovely people who find themselves in that very position. There are currently 99 properties available for sale in the Prestatyn area.
Just over half (47) of those properties were new to the market in February. The market is beginning to stabilise as these figures show, which is increasing choice for buyers.
To get a better understanding of what is happening at a local level, let's take a look at Prestatyn and surrounding areas' figures.
Properties in LL19 had an overall average price of £198,586 over the last year.
The majority of sales in LL19 during the last year were detached properties, selling for an average price of £230,117. Semi-detached properties sold for an average of £172,367, with terraced properties fetching £124,118.
Overall, sold prices in LL19 over the last year were 15% up on the previous year and 19% up on the 2019 peak of £166,624.
With 36 sales agreed throughout the month of February, there is still a lot of demand in the market. So much so, there were only 7 price reductions on properties in the area.
There are 73 properties on the market that fall into the 'slow mover' category. This is the term used to refer to those properties that have been on the market for over 12 weeks.
It is the role of an estate agent to help sellers understand the correct pricing strategy, even in a hot market.
It is also their role to provide the best possible marketing, highlighting all the right features of a home.
When these things aren’t done correctly, that’s when properties can stick on the market and become stale to buyers. This generally leads to lower and lower offers.
With our regular market updates and insights, we offer value and transparency for Prestatyn homeowners and landlords alike.
This is one of the 46 reasons The Property Academy and Rightmove assessed us as Gold Standard estate agents.
We don’t just say it, we prove that we are passionate about helping you on your journey.
If you would like to have a chat about moving home in this year, or if you are a landlord with property to let, just give us a quick call on 01745 591811.