THERE'S SELLING PROPERTY - AND THERE'S SELLING PROPERTIES THE SHERRY FITZ WAY.
THE EVIDENCE that the market has turned in our area is hitting us in the face every day. The message is clear, anybody interested in getting into the property market in South County Wicklow, take the plunge now, do not dally, tardiness will cost you. Activity levels are multiples of those in 2013, and the results are astounding. Increased viewings will automatically lead to increased levels of sales, which we have seen throughout the first quarter of 2014. Many of the properties on our books for sale have competitive bidding scenarios, where more than one interested party is involved. The result is that the best price is being achieved.
The most encouraging scenario is that we have recently sold a handful of properties which were on the market for longer than either the agent, or the vendor liked. Clear evidence of the turn around. These were good properties, properly priced, but the scarcity of funding plus sluggishness in the starter home market resulted in a continuing slow down in sales, up to the latter part of 2013. However, that tide has turned, and we well and truly bottomed out in 2013. Mortgages are more available, it is generally cheaper to buy than to rent, confidence is back, interest rates are low, all these factors affect the market.
Where are the buyers coming from? We have always had the first time buyer, looking for their own home, to put down their roots. However recently, that very elusive character, the investor, has re-appeared. Not a figure with horns, more somebody like your neighbour who has savings, and feels that buying a 3 bed in a modern development at the right price, will give a good return on their lump sum. They generally get a good rental income, and now that the bottom is a thing of the past, a little capital appreciation. It has been very tricky to trade up over the past seven years, mortgages became increasingly difficult, and having the confidence to make the move took a lot of courage, such was the negativity. Again, this sector of the market is more active, young families squeezed into a home which is just too small for the growing family, are now looking positively at their options, and making the move.
There is an important message in all this, you have not missed the boat.
If you have always yearned for a period property to do up, look no further than Reenmore on St. Mary’s Road, Arklow, a most interesting buy, 2 semi detached period houses, to be either kept as 2, or combined into one magnificent trophy property, on which to put your own stamp, and have a great project.
Then the new owner of ‘St. Thomas’ Dublin Road, Arklow will surely be the envy of all. This imposing deceptively spacious 5 bedroom period home on expansive gardens, with super frontage in an unrivalled location is in great condition, and oozes charm and character, call us, Sherry FitzGerald Myles Doyle to view 0402 32367.
We have a large selection of homes in town, country, rural, scenic, isolated, convenient, village and hamlet locations. Visit our properties on www.sherryfitz.ie or call in to us 45 Main St., Arklow, or phone 0402 32367.