Boxing Day Bounce And Why Sutton Will Appeal To Buyers

The end of the year is a good time to take stock and reflect on what you have achieved, but it is also an excellent time to look forward to. Even amidst all the Christmas and New Year planning, many of us like to take a moment and think about what we are going to do next.

In the housing market, which of course is what we focus on, this can be seen with the Boxing Day Bounce phenomenon. December is traditionally the quietest time in the UK housing market, especially for buyers, but it could be a chance to find a bargain.

Rightmove figures suggest this is a busy time of year

Rightmove states the number of people looking at homes on Boxing Day 2020 was more than 50% higher than the Boxing Day 2019 figure. Rightmove recorded 51 million visits between Boxing Day 2020 and the first working day of 2021.

Tim Bannister, Rightmove’s Director of Property Data comments: “Despite the soaring property market and consequent shortage of choice of homes for sale for prospective buyers, new sellers have given buyers an early Christmas present by dropping their average asking prices by 0.6%. Sellers who come to market this close to the distractions of Christmas often have a pressing reason to sell, so naturally price more attractively to grab the attention of prospective buyers who may be otherwise occupied. We expect this downward price trend to be relatively short-lived, though sellers who are in a hurry will continue to need to attract buyers for most of December as well.”

Tim Bannister also said; “As soon as Christmas Day is out of the way, there’s a boom in people searching for property on Boxing Day, perhaps with time available during the holiday season and resolve to enjoy their next Christmas in new surroundings. That is likely to push prices higher again, and increase the competition from other buyers. Some of those additional buyers will also be new sellers who have held back from launching their property to market until this Boxing Day buyer boom, judging it to be a good time to sell and to move in 2022.”

If you want to be in front of these willing buyers, it makes sense to be proactive now, and at Belvoir Sutton, we are always happy to help. We connect buyers and vendors in and around Sutton, and no matter the time of year, we aim to offer the highest standard.

So why is Sutton an ideal place to live?

If you are looking to sell your home, you need an agent who knows why Sutton is the ideal choice for many people and households. We tailor our approach to meet the needs of likely buyers, and you will find that no matter what the buyer wants, we help them find what they are looking for.

As an example, if the buyer has a family, we are more than happy to talk about the great schools in the local area.

Some of the leading schools in the country for GSCE results every year include local options like Wilson’s, Sutton Grammar School and Nonsuch High School for Girls. In fact, Nonsuch High School for Girls came third overall for results in 2020, so that is a massive selling point for many buyers.

Sutton is also very well connected whether you are travelling locally or heading in and out of central London. There is a great range of buses helping you explore Kingston, Croydon and Wimbledon, and if you are heading to the heart of the capital, you can do so in around half an hour.

With a growing number of workplaces returning to the office, commuter options matter once again, and Sutton is an ideal location that offers people the best of both worlds.

If you are starting the sales process, or wondering what your next move will be, you can arrange for an instant valuation to take place. Our instant valuation tool is free, quick to use and very easy to arrange, so contact Belvoir Sutton today if you would like to arrange a valuation anytime soon.