Letting & Estate Agent Podcast Christopher Watkin

Week 10 (week before last) was a record breaker .. the best week for resi sales in the UK since the Liz Truss budget of Sept '22 ... so not to be out done, Week 11 (Monday 13th March '23 to Sunday 20th March '23) was even better for sales when 23,601 properties were sold stc

And the last two weeks aren't a flash in the pan.

The average number of properties sold stc in the last eight weeks has been 22,579 per week.

Sales that have been agreed upon in previous weeks ...yet fallen through this week 'Sale Fall Throughs' (e.g. because of a poor survey or someone in the chain changing their mind) have also dropped

'Sale Fall Throughs' last week dropped from last weeks low figure of 5,050 to 4,915.

This represents a fall thru rate this week of 19.16% (i.e. this week's fall-throughs of 4,915 as a percentage of the 23,601 house sales). For comparison, the long-term 7-year weekly average is 24.26% (the higher the number, the worse it is).

The podcast is for Estate Agents, Letting Agents and people who love the property market.

This week's special guest is Iain White (considered by many to be one of the best Estate Agency Coaches and Gurus in the UK from people within the Estate Agency profession) as he joins Chris Watkin (Property Stato) to look, analyse and comment on some exciting property stats, numbers and graphs which reflect the latest trends in the UK and Regional housing market.

In the last 15 mins of the show, we focused on the Oxford property market, comparing market share and the effectiveness of all the Oxford Agents.

The graphs shown in the video can be downloaded here https://we.tl/t-JIYN6WcxsP (note these are for personal use and not publication)

Angi Cooney, Boss lady of C residential an estate agent in the West Midlands won one of the highest awards in the UK estate agency industry.

Angi and her team were voted the best Estate Agent in the UK in 2022 at the ESTAS awards (hosted by Phil Spencer).

In February 2023, she made the trip to Grantham to sit on the WatkinSofa to chat about why being a part of the ESTAS is so important for her Estate Agency.

Angi Cooney, Boss lady of C residential an estate agent in the West Midlands won one of the highest awards in the UK estate agency industry.

Angi and her team were voted the best Estate Agent in the UK in 2022 at the ESTAS awards (hosted by Phil Spencer).

In February 2023, she made the trip to Grantham to sit on the WatkinSofa to chat about why she chose to become an Agents Together Mentor.

The UK PROPERTY MARKET in March 2023 is doing rather well.

For the week ending this Sunday (12th March 2023), 23,417 homes sold subject to contract (STC), which was the best week for sales since the September 2022 Budget.

This week isn't a flash in the pan, either. The average number of properties sold stc in the last seven weeks has been 22,433 per week.

Sales that have been agreed upon in previous weeks yet fallen through this week (e.g. because of a poor survey or someone in the chain changing their mind) are also low.

Fall Throughs remained very low at 5,050 last week (the previous 7-week average is 4,887 sale fall throughs). This represents a fall thru rate this week of 21.57% (i.e. this week's fall-throughs of 5,050 as a percentage of the 23,417 house sales). For comparison, the long-term 7-year weekly average is 24.26% (the higher the number, the worse it is).

Regionally,

Inner London had its best sales month since August, with 5,506 sales agreed in the last four weeks and a very low fall-through rate of 21.3%.

Outer London is firing on all cylinders, with the numbers of house selling (i.e. sold stc) returning to weekly levels seen before the September 2022 budget.

The Southeast saw 3,617 homes sold last week, the best weekly sale figures since last August (and an average over the previous seven weeks of 3,481 homes sold (STC) in last seven weeks)

Southwest had its best week since November for house sales.

All the other regions in the UK have had their best three weeks for house sales. Watch the show or download the stats to see your area's performance.

The 'fly in the ointment' is the net sales (total number of sales minus fall throughs) from the start of the year. This is because of a slow start in January. In 2023, estate agents have seen a 9% drop in new sales in their pipeline compared to 2017/18/19 levels and 27.6% fewer than 2021/21 levels. This will hit Estate Agents' pockets as they will have smaller sales pipelines and need to take more significant market share and raise fees.

The podcast is for Estate Agents, Letting Agents, and people who love the property market.

This week's special guest is Ben Madden (considered by many to be one of the best Estate Agents in the UK from people within the Estate Agency profession) as he joins Chris Watkin (Property Stato) to look, analyse and comment on some exciting property stats, numbers and graphs which reflect the latest trends in the UK and Regional housing market.

In the last 15 mins of the show, we focused on the Swansea property market, comparing market share and the effectiveness of all the Swansea Agents.

The graphs shown in the podcast can be downloaded here https://we.tl/t-Q06uphwr9S (note these are for personal use and not publication.

Angi Cooney, Boss lady of C residential an estate agent in the West Midlands won one of the highest awards in the UK estate agency industry.

Angi and her team were voted the best Estate Agent in the UK in 2022 at the ESTAS awards (hosted by Phil Spencer).

In February 2023, she made the trip to Grantham to sit on the WatkinSofa to chat about why estate agents should all join the Guild of Property Professionals.

Angi Cooney, Boss lady of C residential an estate agent in the West Midlands won one of the highest awards in the UK estate agency industry.

Angi and her team were voted the best Estate Agent in the UK in 2022 at the ESTAS awards (hosted by Phil Spencer).

In February 2023, she made the trip to Grantham to sit on the WatkinSofa to chat about using Tik Tok in Estate Agency.