Perth home sales 'soar to over £100million' in 2017

The value of homes sold in Perthshire so far this year has already burst through the £100million mark.

PSPC reports that properties are selling very quickly, due to less homes for sale, with some "flying off the shelves".

The total sales value for the first nine months of the year was just over £105million, up £11million on the same period in 2016.

The average sale price so far in 2017 is £182,259 - up £10,000 on a year ago.

The last quarter, from July to September, saw the highest average sales price this year, at just over £188,000.

Less stock

These latest figures from PSPC back up independent research carried out by Aberdein Considine, which highlighted the strength of the property market locally.

Aberdein Considine said that the cost of a home in Perth and Kinross rose by 9.8% during the second quarter of the year. The increase was the biggest of any city in Scotland and well in excess of the 2.6% growth seen across the country as a whole.

Anne Begg, manager of PSPC, said of its latest figures: "Due to there being a little less stock available to house hunters, in line with what is a national trend, properties are generally selling very quickly, occasionally within days or even hours.  Some are simply flying off the shelves, with buyers having to act quickly.

“Due to this huge demand, we would hope that more stock would become available to house hunters before the year is out.  By adding more properties to our ‘for sale’ portfolio, we can hopefully invigorate the market further while also boosting people’s confidence in putting their home on the market. Put simply, anyone contemplating a move should do so now while the demand is high.

“Perth is also undergoing a fairly significant expansion and we would hope that the increasing activity relating to new builds within the city of Perth and wider Perthshire will only add to this appeal, and stimulate the market further.”

Breakdown of the properties sold so far this year by PSPC member firms:

• Flats 135       
• Villas 112
• Bungalows 100     
• Semi-villas 84
• Terraced 53 
• Semi-bungalows 41 
• Cottages  54

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