YORK
PUlsE
Most agents we spoke to report that they volumes similar or slightly higher than
are near enough achieving vendors’ asking 2008. Managing Director, Kevin Hollinrake
prices so long as the vendor is not over- anticipates no further price falls. “Sales had
optimistic and properties are realistically a tough year in 2008 but sales volumes for
priced. Most have a good proportion of the first quarter in 2009 are up around 30
motivated buyers. Coalters report that they per cent on those figures. Instructions are
are selling a very high percentage of in short supply which will mean that prices
properties and in the first quarter of this will stabilise even though overall volumes
year agreed sales on 47 properties, and are still around 50 per cent of their peak”.
£595,000
simultaneously increased its average fee to At a time when many agents are closing
about 2.5 per cent. Hunters The Estate their door due to the tough market
Above: Savills, South Parade – nice price! Agents achieved 123 sales from a stock of conditions, York has even seen a few new
Below: Savills, Scarcroft Hill – town centre 216 during the first quarter of this year. agents opening up – a real sign of
Average number of viewings before a sale confidence returning. Opus Estate Agents
is secured is about 15 currently. One agent recently opened in York in February and is
reported it peaked at 23 at one point confident of success.
during 2008. When asked what proportion
of clients were first time buyers, responses A wide SPeCTRUM OF PROPeRTy
ranged from two per cent to 25 per cent. TyPeS wiTh bROAd APPeAl
Hunters The Estate Agents have recently York’s medieval streets are brimming with
announced further expansion by recruiting semi-detached houses, terraced houses,
more personal agent home workers as part detached houses and newly developed city
of its franchise operation. The group is centre flats. York’s property market is
£525,000
experiencing a stable market in York with varied and prosperous with prices ranging
in value from £60,000 for one bed flats to
cent in York, I believe we still have another £500,000 for six bed detached houses
five to 10 per cent to go over the next year. available within a few miles of York city
From then on, I expect the market to rise centre. Detached and executive homes,
very slowly over several years that that it including new-builds, start at between
will be another five years before the market £250,000 and £500,000.
is back to anything approaching ‘normal’.’ There are approximately a dozen
Both Coalters and Savills agree that there new developments ringing York’s
is now increased demand and short supply. perimeter.
“There has been an increased number of
buyers over the last few months as there SPeCiMeN hOUSe PRiCeS
normally is at this time of year,” says Savills currently have a good selection of
Reuben Barrett, “But supply remains
£189,995
family homes on its books:
constrained as sellers are reluctant to
South Parade, £595,000 – Victorian end
accept today’s prices. This has helped to Above: Malvern Avenue, three bed semi of terrace riverside house (pictured).
slow the decline the prices.” Below: Chancery Rise, two bed flats
Gamet House, £485,000 – Regency
terraced house (pictured).
Scarcroft Hill, £525,000 – period
terraced house (pictured).
Westgate, £585,000 – luxury
apartment development.
Properties recently sold by Coalters Estate
and Letting Agents:
Chancery Rise, Holgate, £124,995
– two bedroom apartment (pictured).
Lavender Grove, Boroughbridge Road,
£179,950 - three bedroom semi
detached house (pictured).
Malvern Avenue, Acomb, £189,995
– three bedroom, semi detached house
(pictured).
Redcoat Way, Acomb Park, £194,995
– four bedroom, detached house.
Turnberry Drive, Off Beckfield Lane,
£154,995 – two bedroom,
£124,995
semi-detached house.
PROPERTYdrum JUNE 2009 23
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