Market Update – Spring 2024
By Nick Staton – Owner Statons Estate Agents
Record Breaking Start to the Year
Nothing quite gladdens the soul like the first signs of spring, seeing the spring flowers in bloom and cheery trees in blossom definitely puts a spring in the step. In the property business, springtime, with warmer days and lighter evenings, is traditionally when the market begins to hot up.
Although we’ve already seen a busy start to 2024 across our offices, it has if anything, become more so as the year has progressed. The return of market confidence, fueled by stability within the UK and wider global economies, along with more competitive bank and mortgage interest rates for borrowers, has resulted in a marked increase in new property coming to the market, an increase in buyer activity as well as sales agreed, some achieving record breaking prices.
The spring market shows all the signs of continuing the buoyant start we’ve seen from the beginning of the year…
Record breaking prices
The resilience of the UK property market has been well documented in the media, but the surprising buoyancy is more difficult to quantify. To emphasise the strength of the current market, below are a few of the record breaking prices we’ve achieved for property sales in recent weeks –
Recently Sold –
Record price achieved for a property in Totteridge –
Totteridge Green, Totteridge – SOLD
Record price achieved for a property in Cuffley –
OFF MARKET SALE – The Ridgeway, Cuffley – SOLD
Record price achieved for a property in Winchmore Hill –
Broad Walk, Winchmore Hill – SOLD
Record price achieved for a property in Cuffley –
OFF MARKET SALE – Tolmers Road, Cuffley – SOLD
To see more of our recently sold properties, see more ‘Recently Sold Properties’.
New Homes Update
My partner Lawrence Henry heads up our New Homes team, and has some of the very best and most prestigious new homes developments across North London and Hertfordshire.
Some of the current highlights are –
Lightfield, Barnet – We have a fantastic 1% Mortgage offer available for the last few remaining apartments on this outstanding development in the heart of Barnet, see the Lightfield development page or call our new homes team.
Bentley Gardens, Bentley Heath – Don’t miss the last few remaining properties of this exclusive development within the much sought-after area of Bentley Heath. See the Bentley Gardens development page or call our new homes team.
Property new to the market in March
As confidence in the property market has continued month on month, it is encouraging to see more property coming to the market. Many of these home owners have been putting off marketing their property due to the earlier market uncertainty. Today we are seeing a substantial increase in the number of new properties being listed. Below are a selection of the homes listed for sale from across our offices in March –
Grade II Listed Family Residence For Sale in Bayfordbury – £2,300,000
Detached House For Sale in Hadley Wood – £1,777,777
Penthouse Apartment For Sale in Cockfosters – £895,000
Detached House Overlooking Park For Sale in Woodside Lane, London – £3,000,000
Converted Barn For Sale in Little Berkhamsted – £1,000,000
Semi Detached House For Sale in New Barnet – £1,200,000
To see the latest homes coming to the market, click ‘New to market homes’, this lists all of the very latest homes as they come to the market.
Considering a move this Spring?
If you are thinking of buying, selling or letting a property, we are happy to offer specific advice and help you plan for your next move.
Please don’t hesitate to call me for any help or advice.
Thank you for reading
Nick Statons – Owner Statons Estate Agents
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