The first couple of months of 2025 have been extremely positive for Sanderson Young, where we have seen very high demand on suburban properties and a strong market across all price points. A lack of stock at this current time means prices are being driven up and we have seen multiple properties achieving an outstanding number of viewings and going to Best & Final offers.
Our Gosforth office, in particular, has been very busy and is achieving excellent figures for homes throughout the region.
We have recently marketed a flat in Heaton at ‘Offers Over’ £200,000, where we had over 40 viewings and 16 offers, resulting in it achieving well in excess of its asking price.
A beautifully presented, mid terraced home in Gosforth was brought to the market for ‘Offers Over’ £495,000 and this had 27 viewings, 11 offers, and achieved an exceptional figure above its marketing price.
Finally, we had a semi detached property on the market in Jesmond at ‘Offers Over’ £800,000 and this achieved 30 viewings and 15 offers, again selling well in excess of its asking price.
At the top end of the market, we have also seen a very strong start and early signs of confidence returning after the slight drop at the end of 2024 at these higher price points. The rare! team have sold 12 properties in excess of £1 Million since the beginning of the year, with a lot of their business taking place off the market, so it is imperative that you get in touch with myself, Ashleigh, Duncan or any of the rare! team so that we can discuss your property requirements and give you the full scope of what we have for sale.
The rural market has been a bit trickier so far in 2025, however with Spring approaching and gardens looking their best we expect this to pick up over the coming months.
I hope everyone has had a fantastic start to the year and are looking forward to the lighter and warmer months ahead. Please do not hesitate to get in touch with me on 07769227200 or harry.young@sandersonyoung.co.uk to discuss how I can help you sell your property or find your next home.
Harry Young
Regional Valuer
SANDERSON YOUNG