“Relative Values”

Added on 17 October 2016

Even the most credible authorities tend to disagree on the rate of price change in the property market, leaving the humble consumer somewhat baffled.    

The problem is the source of data that is used to make assumptions about the market is fickle. For example, you could look at the latest Land Registry figures. These record the volumes and prices of sales that completed potentially several months after the sale was arranged. But a lot can happen in that time – tax, economic data, interest rate changes and media influence can make a vast difference to buyer sentiment! HMLR figures also include the sale of small tranches of land in their figures, which can skew the average downwards.

You could look at the figures supplied by property portals such as Rightmove, which interpret the relationship between the monthly change in the average asking price of properties new to market during the preceding month. Of course, average asking prices are not necessarily a reflection of specific sale prices and theses figures do not take account of any asking price reductions, thereby skewing the average upwards! (Although at Thorntons we are proud of how often we achieve or even exceed our clients’ original asking price!)

As your estate agent, we are acutely aware of what’s happening in the local market at a given point in time. We have a huge responsibility to get it right for our clients first time, and we take that responsibility very seriously. Ultimately, we find that the most reliable indicators lie in our ability to interpret the needs and comments of our buyers at local level. After all, it is today’s buyers who determine the current value of your property.    

We’re currently experiencing a healthy level of buyer enquiries, which inevitably results in some great prices being achieved. So why not contact us for an informal chat about the value of your property and suggested marketing plans over a cup of coffee? You might be pleasantly surprised!      

Peter Ryder

Managing Director

Thorntons Property

News Index

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11 Moving Distance
October 2024
14 Property Improvements
July 2024
29 Courteous Buyer1 Local staff, Local knowledge.
June 2024
3 A feeling of space.
May 2024
13 Location Location
April 2024
22 A Feeling of Space
March 2024
25 Buying on Instinct3 Thorntons raise £43,500 for Cash for Kids.
January 2024
6 2024 - The Year Ahead
November 2023
20 “This year - Don’t wait till Spring!”7 Making Moving Easier
October 2023
11 LEADING RESIDENTIAL PROPERTY EXPERT WELCOMES ‘HEALTHIER’ MARKETPLACE
September 2023
25 Selling Tips for Autumn
August 2023
28 Location Location
July 2023
17 Optimising Your Saleability
June 2023
12 Seven Days
May 2023
15 The Power of Information
April 2023
4 GOLFERS’ PARADISE
March 2023
6 Top tips for viewing properties like a pro
February 2023
20 £37,500 raised for charity
January 2023
17 Getting ready to buy a home in 2023. 9 Home
December 2022
16 Additional Dwellings Supplement
November 2022
21 2023 Property Market Predictions
September 2022
27 Quick Tips to Maximise your Sale”
August 2022
22 Charity Wills at Thorntons Solicitors8 A Question of Preference
July 2022
30 How Many Should We See4 Plans for a Successful Sale
June 2022
6 "The Kitchen is the Heart of the Home”
May 2022
23 Making Moving Easier9 Property Market Update
April 2022
11 Should we accept the offer
March 2022
7 Quick Tips to Maximise your Sale.
February 2022
17 Thorntons donate £46K to Cash for Kids.
January 2022
24 Valuation Versus Value6 Thorntons Estate Agents Continue to Progress
November 2021
10 First Impressions
October 2021
18 The importance of using a professional photographer
September 2021
13 Virtual Tours
August 2021
30 Why Compromise16 Dundee Property Prices2 Property Market Booming in Angus
July 2021
6 Maximise Sale Prospects
June 2021
11 Client Protection
May 2021
31 Tips for Property5 Improving your property for sale.
April 2021
5 Charity Wills Campaign
March 2021
22 The Friday Move. 11 Affordability
February 2021
15 Property expert believes sales are only restricted by the number of homes coming to market8 February Market Comment
January 2021
25 Moving before Retirement18 The Independent Choice8 January Market Report
December 2020
23 Starting the New Year with thousands of prospective buyers
November 2020
9 Property Improvements
October 2020
9 October Market Comment
September 2020
14 September Market Comment
August 2020
23 Property Market Update7 Property market boom set to last three to six months
June 2020
21 Market Comment
April 2020
27 Property Market Update8 Coronavirus (Scotland) Act 2020 - Impact on the private rented sector
February 2020
24 Leap Year10 February Market Comment3 Social Media Marketing
January 2020
27 Downsizing Dilemma8 A New Dawn6 Is A “For Sale” Board Really Necessary?”
December 2019
13 Election Result, What it means for property9 December Market Update
November 2019
18 November Market Comment4 “Timing Your Sale for the Market”
October 2019
21 Lighting Up14 October Market Comment
September 2019
23 September Market Comment9 Showing Buyers Your Property
August 2019
27 “What About The Children?” 12 Is it worth extending?
July 2019
29 Courteous Buyer15 Alarming News!1 Local staff, local knowledge
June 2019
3 “A Feeling of Space”
May 2019
6 Working with Builders
April 2019
27 “What Does Viewing Feedback Really Mean?”15 The Right People1 “Old Money’s Influence”
March 2019
4 Property Market Update
February 2019
21 Thorntons raise £62,000 for Cash for Kids16 Moving Distance5 A Grand Entrance
January 2019
28 “Home”5 2019 - The Year Ahead.
October 2018
3 “Should I, Shouldn’t I?”
September 2018
17 Other Forces11 Act Now for a Xmas Move. 3 Supporting the Fun-Fuelled Club
August 2018
31 Market Comment13 “Plans for a Successful Sale”2 Interest Rate Rise Aug 2018 - Market Comment
July 2018
24 “Ten Branches - Our Secret Weapon”
June 2018
17 “Why Use An Estate Agent At All?”2 The Skilled Agent
May 2018
14 “Waiting in Hope?”
April 2018
16 “Buying an Unmodernised Property”
March 2018
19 “Will the Internet Replace Estate Agents?”
February 2018
5 “Identity Caution When Moving House”
January 2018
22 “How Long Has It Been On The Market?”8 “Valuation Versus Value”
November 2017
13 “Defects And Disputes – Should I Disclose Them?”2 The first interest rate rise in a decade
October 2017
16 “Selling Tips for Autumn”1 “Might Sell, Might Not!”
September 2017
25 “Prepare to Paint”16 “Ask the Expert!”
July 2017
31 “Working from Home”24 “Something to Shout About”
June 2017
26 “Improvements – Are They Worth It?”21 “Location, Location”10 Agents’ Skills in Demand
May 2017
22 “Deciding on Price” (Part Two)10 “Deciding On Price” (Part One)
April 2017
24 “Advertising for Results” 11 “Put your back into it”1 “Who’s Choosing Your Home?”
March 2017
20 “Hit The Road”13 “Catch 22 –Should I Sell First or Buy?”6 “Working In Partnership with your Estate Agent”
February 2017
27 FEB REPORT - “Slow Growth with Strong Demand”20 “Why Overpricing May Leave You Out Of Pocket”13 “Cupid the Estate Agent?”7 “How Long Has It Been On The Market?”
January 2017
29 Market report – January 20178 “How Many Should We See?”
December 2016
17 “Should Your House Have Sold By Now?”5 “Removal Planning”
November 2016
27 “A Winter’s Sale?”21 “Distorted Opinions?”14 “The Advertising Myth”7 “A Move by Christmas?”
October 2016
31 “Finding the Right Property”17 “Relative Values”
September 2016
26 “It’s Not Just About Selling”19 A Proactive Approach Essential5 Avoid Virtual Tours
August 2016
29 How Serious is my Buyer?22 Clutter Costs !15 The Feelgood Factor8 The Agent you Prefer - at the Right Price
July 2016
25 Choosing Your Solicitor18 Should I Sell During the Summer Holidays?1 What does Brexit mean for the Scottish property market
June 2016
17 5 methods for improving your kerb appeal17 Tips for saving for a deposit
May 2016
30 Property perfect move for Natalie
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29 Thorntons Top after ESPC Mystery Shop
December 2015
22 Increased buyer demand will drive house prices up during 201620 Property solicitor gives local food bank a boost15 Second home levy will boost Dundee property market
November 2015
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September 2015
16 Tayside property specialists lead the way in boom time

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