Sanderson Young’s Rare! Brand, which deals with some of the region’s most high-profile property transactions at values over £700,000, has reported very strong sales rates in the month of October, indicating that the top end of the property market is largely unaffected by political uncertainty.
Reporting offers on 10 properties over the last four weeks, with an average asking price of just over £1Million, regional hotspots such as Gosforth, Jesmond and Darras Hall continue to thrive. Sales have also been agreed in Northumberland and County Durham, displaying the regional spread and market dominance of the Rare! Brand.
Most importantly, these offers were at an average level of 97% of asking prices, further demonstrating that professional market advice and expert guidance on the property’s value will result in sound interest.
Duncan Young, Chairman of Sanderson Young, commented “Whilst it is unusual for October to be our busiest month of the year, we welcome the confidence at the top of the market and the value for money that these properties are providing to high quality well qualified buyers”.
