Perth property sales soar in Q1 of 2017

There has been a huge increase in the value of house sales in Perthshire in the first quarter of this year.

Another piece of good news for the market is that properties are also selling for an average of 11% more year-on-year.

PSPC has just released its first-quarter figures.

It reveals that its member firms sold almost £33million worth of homes in the period - nearly 50% ahead of the same three months in 2016 when the combined value was just over £22million.

The number of properties going under offer has also increased, as have the number of homes coming onto the market – 265 in the first quarter of 2017 compared to 193 a year ago.

Price increase

Having sold a total of 181 properties since the turn of the year, the average price tag achieved by PSPC member firms is £181,473 – 11% ahead of last year's £163,409.

PSPC said that, as is traditionally the case, March was the best month for sales, as member firms welcomed the onset of spring.

Anne Begg, manager at PSPC said, “We are absolutely delighted to see, in black and white, the marked increase in sales compared to the first quarter of 2016, and the significant increase in the average price tag compared to this time last year.

“With winter well and truly behind us, it’s not surprising that March performed particularly well with 82 properties sold at a total value of over £15million.

"We hope that the market continues to improve as we head towards the summer months.

“Having been the market leaders when it comes to property for many years, selling more homes than any other local network, we can say with authority that spring really is the prime time to put your property on the market.  

“As is often our advice, our message to anyone on the verge of putting their home on the market is to be realistic about the price they are likely to achieve and see their Home Report as a guide.  By making a little effort to prepare your home for sale, rather than simply assuming that it will sell in its current form, your property should shift and, with lots of interest out there, hopefully sooner than you expect.”

What went for what?

So what did the average Perthshire property go for in the first quarter of the year?

Here's a breakdown:

• Villas - £277,961
• Semi villas - £180,546 
• Bungalows - £227,257
• Terraced - £121,536
• Semi bungalows - £101,752
• Flats - £127,557
• Cottages - £151,010  

Perth property experts

If you are looking to buy, sell or lease property, Aberdein Considine can offer you the support of some of the most experienced property professionals in the country.

* Your home may be repossessed if you do not keep up repayments on your mortgage