Signs the market is improving
As we enter the autumn property market, the Stags office in Taunton is expecting a busy period. I believe that there are definite signs of the property market improving but hard work and tenacity are still the key to successful sales.
We have a better number of buyers but they are faced with a wide choice of properties. They continue to be very particular about their requirements and their budget. It is therefore more important than ever that our properties are priced correctly and that we ensure all our clients' homes are given the benefit of our extensive marketing package.
Some of our most active and committed buyers are based outside of Taunton and the South West.
They are looking to live in the Westcountry and favour Taunton thanks to its beautiful scenery, with the Quantock, Blackdown and Brendon Hills nearby. They also like the easy access to the M5 and A303, along with Taunton's mainline railway link to London Paddington in under two hours.
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Lifestyle is an important part of the benefit of living in and around Taunton. This thriving county town offers an extensive range of national and local shops and restaurants, as well as good private and state schools. Another big attraction is the ability to access beautiful north and south coastlines, as well as the nearby Exmoor National Park.
Taunton has some great sporting attractions, too, with the Somerset county cricket ground ideally situated in the centre of town and Taunton racecourse on the outskirts.
Taunton has a great variety of property on offer this autumn. There is an extensive range of new developments on the outskirts of the town and charming period properties in more central locations. The nearby villages of Trull to the south and Staplegrove to the north of the town continue to be in great demand and our Taunton office has seen strong sales there lately.
Outlying villages are also extremely popular. Our recent successes include the sale of Castle Farm at Enmore, which sold with a guide of £695,000, and North Pole Farm at Otterford which sold with an asking price of £550,000.
Pricing is still very sensitive at the higher end of our market. However, a property called Winterwell at Thurlbear, with 14 acres, sold with a guide of £850,000 in August this year. The Old Rectory on the Quantocks, with 112 acres, sold at auction for £1.275 million.
Since the summer, I have begun to see a higher number of buyers from London and the Home Counties once again. It is important even in an improving market to use local, regional and national marketing options. That way you will cast the net as wide as possible to capture every potential buyer.
During this year Stags has been delighted with the launch of its new website, which has the added benefit of a specialist search capability.
This allows people to search for properties with land, equestrian facilities and other specialist criteria. For out-of-area buyers who are looking over a wide geographical region, this saves time. Stags' wide network of offices in the South West also helps when buyers are undecided about which specific location they require. But certainly Taunton and its environs are high on many wishlists this autumn
For more details, call 01823 256625 or visit www.stags.co.uk.