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October 2010

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The month of September witnessed continued evidence of the market hardening through the volume of price reductions we have witnessed.  However the ‘best in breed’ continue to sell well and quickly, which suggests that there are still plenty of buyers waiting to purchase the quality homes.  As such, it appears we are heading into a two tiered market, the mainstream properties are without a doubt no longer able to command the prices seen acheived earlier in the year and are now being reduced on the whole by between 6%-10%, whilst we fully expect comptetion for the best homes to continue to achieve strong prices for the foreseeable future.

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