Barnet Property Market Update, June 2023.
By Michael Holloway – Director Hunters Estate Agents Barnet
What’s new to the market and what’s Sold in Barnet this month.
In this month’s market comment, we present a selection of some fabulous recently listed homes for sale in Barnet.
With the current mostly negative media speculation on the property market, it would be fair to say that you shouldn’t always believe what you read in the press. In this month’s article, we focus on what’s happening with the local Barnet property market.
Whilst the local market is certainly not the fast-paced seller’s market of the first half of 2022, there remains plenty of buyer activity and with the less frantic market, there is a greater selection of properties to choose from.
The slower paced market conditions allow buyers more time to look around and for those with a home to sell, these conditions give them a chance to find their dream home with time to sell their property without too much concern about being beaten to it by another buyer.
To see the very latest homes on the market, click ‘New to market homes’, this lists all of our very latest homes to come to the market.
As with the property market, the mortgage market also suffers from rather negative reporting, which does cast doubt in the minds of some.
Truth is, there are more than 5000 mortgage products in the marketplace right now, and whilst news of increasing interest rates is grabbing the headlines, mortgage availability is still incredibly strong. It’s also true that some mortgage products were withdrawn, and some high street lenders temporarily limited their ranges, but these are now back in the market and will continue to lend.
Why not talk to our mortgage advisors Simpson Bowers, a firm of local independent financial advisors on 0208 275 8555. I can highly recommend them as they have helped many of our clients, including myself.
Recently listed homes for sale in Barnet –
Kenerne Drive, Barnet – Price £720,000
Raydean Road, Barnet, New Barnet – Price 675,000
Puller Road, Barnet – Price £739,000
Hadley Road, Barnet – Price £900,000
Bedford Road, Banet – Price £1,200,000
Considering a move this summer?
If you are considering a move this summer, my advice to sellers would be fairly straightforward, asking price is key. Buyers are price sensitive and sellers that are overly optimistic in their asking price are not getting the all-important first crop of viewing interest, so not getting offers. Sensibly priced properties generally continue to sell.
To see our recently Sold properties click the link below –
See our ‘Recently Sold Properties’.
Ready to move?
Please feel free to call me if you are considering selling your home in the Barnet area, either for an informal chat about the market and how we might help you with this or to book a market appraisal. If I have already provided a market appraisal and you are ready to come to the market, I would be pleased to discuss the next steps with you.
You can also use our Instant Online Valuation tool.
Good luck with your house hunting.
Michael Holloway – Hunters of Barnet
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