January 2016 was a remarkable month here at SellMyHome with nearly forty properties coming to the market and a large number also going under offer. Our properties in January averaged 101% of asking price which is fantastic for our vendors who are achieving the best possible price for their sales.
Not only are we selling at the best price we are selling quicker than all of our rivals including the likes of Foxtons, Hamptons, Savills and the rest. Within London there is not a single estate agent that has as many properties as us that averages a lower time on the market.
We are currently averaging 5 weeks from a property going live to being put under offer within London. Here is our online competition:
- Purplebricks: 16 weeks
- eMoov: 21 weeks
- Tepilo: 11 weeks
- EasyProperty: 15 weeks
We are more than twice as fast as our nearest rivals and also have the lowest rate of price reductions. We don't just lower prices for the sake of a quick sale - remember we averaged 101% of asking price in January, whilst in 2015 across the whole of the UK we averaged 99% of asking price.
Also as a comparison we have taken a look at those machines over at Foxtons and what their numbers look like:
- Brixton: 17 weeks
- Putney: 18 weeks
- Notting Hill: 19 weeks
- Barnes: 20 weeks
- Dulwich: 20 weeks
- St Johns Wood: 20 weeks
- Fulham: 21 weeks
All of this data is taken from Rightmove directly and shows that with the right marketing, the right support structure and the best in the business at your back you can sell your property for the best possible price and in the shortest time possible.
2016 is set to be a big year for online estate agency with continued growth in the sector and even a few new arrivals. It’s an exciting time for everyone involved and with results like the ones we are showing now it is proof (if it were needed) that we do works and works better than the high street comparison. We’re seeing the online sector growing in credibility and on the back of our nomination for Best Customer Service at the Estate Agency of the Year Awards we are at the forefront of raising standards in the industry.
January was a great month but with so many properties going under offer we are expecting an even busier February. It may be a short month but it is going to be a busy one!