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500 episodes
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Letting & Estate Agent Podcast Christopher Watkin
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The Letting & Estate Agents Podcast
Having worked for some of the biggest names in the industry, Christopher now offers advice, actions and opinion in helping letting and estate agents grow their lettings and estate agency's. Christopher has proven methods on how to attract landlords and house sellers and helps many agents, using a technique that is designed (if implemented correctly) to grow any agency's turnover by at least 20% to 30% year on year. Its hard work and it requires buckets loads of patience though
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Self Employed Vs. The High St Estate Agency - Ep. 1875
Iain Cooper from Keller Williams popped up to Grantham in early 2024
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The 8 WHAT's To Get More Listings - Ep.1874
Jason Cannon helps Estate Agents be better Estate Agents
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Should Landlords Self Manage In 2024 - Ep. 1872
Paul Shamplina to Grantham to sit on the WatkinSofa in January 2024. in this chat, I asked him if Landlords should Self Manage In 2024
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UK Property Market Stats Show - Week 22 2024 - Ep.1871
UK Property Market Report for the week ending Sunday, 2nd June 2024
Listings & Sales down because of usual Bank Holiday / Half Term dip
In this week’s UK Property Market Stats Show on YouTube, with James Forrester, the headlines are as follows ..
· House prices are 5.1% higher than Dec 2023
· Listings - 21% lower than last week (as predicted) at 31k UK listings. YTD 9.6% higher than 2023 and 8% higher YTD than 2017/18/19
· Total Gross Sales - 23,347 (21,417 same week in 2023). YTD Gross sales are 10.1% higher than 2023 YTD levels and 7.3% higher than 2017/18/19 levels.
· Net Sales - 17,927, a dip from last week because of the Bank Holiday. Average for 20/21/22/23 was 16,040, so not bad at all.
· Sale fall-throughs remains steady at just over 1 in 5 sales.
🔗 YouTube Link to The Show - https://youtu.be/CsLhMVhmzuo
Chris’s In-Depth Analysis (Week 22) :
* New Properties to Market: The UK saw 31,010 new listings. This year's YTD listings stand at 776,724, 12.8% higher than the historical 8 year YTD average of 688,807, 8% higher than YTD 2017/18/19 and 9.6% higher YTD 2023.
* Average Listing Price: £446,604.
* Average Asking Price of this week’s Listings vs Average Asking Price of the Properties that Sale Agreed this week: 20.8%. The long-term average is between 16% and 17%. Over valuing in the whole of the UK, higher valuing properties for sale (downsizing) and a lower propensity of London & SE properties to sell causing this.
* Price Reductions: Last week, 18,791 properties saw price reductions, a significant number compared to the 8-year Week 18 average of 13,510. This means 1 in 7.89 properties each month are being reduced (Long term average 1 in 9.9 per month)
* Average Asking Price for Reduced Properties: £407,521
* Gross Sales: 23,347 properties were sold stc last week
* Accumulative Gross Sales YTD: The total stands at 535,183, exceeding the average of 499,001 from 17/18/19 and 486,034 in the same week 22 in 2023.
* Average Asking Price of Sold STC Properties: Still staying in the mid £360/370k’s range at £369,728.
* Sale Fall Throughs: Significant drop in fall thrus at 5,420 (yet that is because of the Bank Holiday). For comparison, 5,298 YTD ’24 average weekly figure (& 7,590 weekly sale fall thrus in two months after Truss Budget in Q4 2022)
* Sale Fall Through Rate: Slight increase to figures seen in the last few months, to 23.2% for the week (Comparison - 21.76% for the last 3 months, whilst the long term 8 years average is 24.8% & it was 40%+ in Q4 2022)
* Net Sales - at 17,927. YTD ’24 average 19,208.
* Accumulative Net Sales YTD: The total stands at 418,624, 4.9% higher the 17/18/19 YTD Net sales average (399,243) and 11.3% higher than the YTD figure for 2023 for Net Sales (2023 YTD : 376,161).
* House Prices for the week achieved £347/sq.ft. Almost identical to £348/sq.ft in May ’24 (April ’24 - £344/sq.ft, March ’24 & Feb ’24 both at £339/sq.ft & Jan ’24 to £331/sq.ft). House prices are 5.1% higher than Dec 2023
This week’s local focus is on Islington (N1)
Christopher -
Bored Estate Agency Bosses - Ep. 1870
Steve Wayne, boss of Benjamin Steven Estate & Letting Agents dropped by the WatkinSofa in early 2024 to chat about Bored Estate Agency Bosses
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Are Estate Agents Are Too Assumptive - Ep.1869
Jason Cannon helps Estate Agents be better Estate Agents