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The latest update on the Tooting sales market

The latest update on the Tooting sales market

In their latest guest blog, the team at Marsh & Parsons Tooting give us an update on the Tooting sales market in 2021.

Given the backdrop of the ongoing lockdown, we thought that it would be useful to provide an update on what we have experienced in the Tooting sales market so far this year.

We are pleased to report a positive start to 2021; there has been strong activity across our 32 sales offices in the capital and the story is no different in Tooting.
 

This three-bedroom maisonette on Bickley Street, SW17 comes to the market chain free.
 

“At the moment it’s everybody’s market,” says John-Paul Burrough, who manages the sales team at Marsh & Parsons Tooting. “There’s plenty of opportunity for buyers and sellers alike.”

“Buyers currently have an amazing opportunity to choose between lots of different borrowers, and on top of that many of them are either paying a smaller amount of stamp duty, or none at all. Interest rates are also really low, proving that the property market is still a fantastic long-term investment.”
 

This one-bedroom apartment on Tooting High Street, SW17 has a private garden and would be perfect for a first-time buyer.
 

These positive buying conditions, plus the fact that many want to change their living environments after spending most of 2020 at home, mean that substantial numbers of new buyers are registering their interest. Traffic on both Rightmove and the residential sales pages of the Marsh & Parsons website was up c30% year on year in January, a significant uplift.

Healthy levels of interest have led to positive results for sellers in Tooting. “We’ve sold 23 properties at, on average, 98.2% of the asking price so far this year, with four going at over asking price. To give you an example, a price we achieved on Tooting Bec Road, SW17 beat the previous record for the street, which we had also set ourselves. The property completed at over the asking price and the seller, who had already worked with us before, was delighted.”
 

We recently sold this three-bedroom split-level flat on Tooting Bec Road, SW17 at a record price for the street.
 

We were able to achieve such a great result for this seller due to our inter-connected office network, explains John-Paul. “In this instance we had interest from multiple offices across our network, which consistently enables us to achieve great results.”

“The beauty of selling with M&P is that our negotiators are encouraged to sell any property, no matter the location. That means your property is advertised throughout our 32-strong office network, and in south London alone there are 17 negotiators who all have access to an open register of properties to find any buyer their perfect property and every client their buyer.”

“As our south London network – made up of offices in Tooting, Balham, Clapham, Battersea,  Streatham, Brixton and Kennington – covers overlapping areas with similar transport links, every property is exposed to a larger database of clients and is more likely to get high levels of interest and achieve a favourable result.”

With these factors in mind, we are encouraging any prospective buyers or sellers to progress with their move in advance of the traditionally competitive spring and summer market. If you would like to discuss the sales market in Tooting, and learn more about how we are helping our customers to move safely in the current climate, then please do get in touch.
 

You can reach John-Paul and the Marsh & Parsons Tooting sales team on 020 8115 8053, or visit the Marsh & Parsons website here.

 


Marsh & Parsons Tooting is an award-winning estate agent and one of our valued Community Partners. Find them at 29-31 Upper Tooting Road, SW17 7TS. Call John-Paul (sales) or Matthew (lettings) on 020 8115 8053.

Click here to view local properties for sale and here for lettings.

Find out more on their website, and follow them on Twitter, Facebook and Instagram

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