Thinking of selling your home in Newport-on-Tay? Here’s the latest insight into what’s selling and what’s not, in your local area.

Market Highlights:

Average Property Price: The average property price in Newport-on-Tay currently stands at £258,473, marking an 11% decrease compared to the previous year. However, prices remain close to the 2007 peak of £260,141.

Recent Sales: A property on Norwood sold for £440,000 in October 2024, while another on Riverside Road fetched £325,000 in the same month.

Time to Sell: Homes are currently taking an average of 30-45 days to sell, depending on property type and pricing strategy.

What’s Selling Fast:

Detached Homes: High demand remains for detached properties, with a home on Ericht Road selling for £295,000 in November 2024.

Semi-Detached Properties: These remain popular, with a property on Elizabeth Crescent achieving £325,000 in December 2024.

Challenges in the Market:

Price Sensitivity: The recent price drop means buyers are cautious, making it vital to price homes accurately.

Extended Time on Market: Overpriced homes or those with limited marketing exposure are taking longer to sell.Why Some Homes Aren’t Selling:

Overpricing: Properties listed above market value are struggling to attract buyers.

Limited Exposure: A strong marketing strategy is crucial to ensuring properties reach the right audience.

Condition of the Property: Homes requiring significant updates or lacking modern features may face longer sale timelines.

Thinking of Selling?

At Brikk, we offer: Discounted Sales Fees – Sell your home and save more FREE Viewings – We handle all viewings at no extra cost until we find the perfect buyer for you! Expert Local Advice – Our team knows the Newport-on-Tay market inside out and will guide you every step of the way.

Visit Us: Stop by our office at 15 High Street, Newport-on-Tay, DD6 8AB, or contact us today to book your FREE property valuation.

Let’s get your home SOLD with confidence!