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  • Prospect Estate Agency office in Farnborough
    Farnborough
    Market Update

The local housing market in Farnborough

Our market update in August


It’s the beginning of September and it feels like only a week ago we were still in full lockdown - working from home, unable to conduct physical viewings and valuations, everything having to be done virtually via video technology!

How things have changed within the past year and since reopening our offices since the 18th May is just astonishing.

Naturally, we are still working within the government guidelines and adhering to social distancing measures. We also have strict viewing and valuation measures in place and our staff are wearing PPE on all appointments to protect both our staff and you and your families.

August was yet another unbelievable month, a month which as an agency we were proud to set some new company records with some figures that had not been seen before – especially during August!

Nobody would have predicted the market to bounce back so strong after coming out of lockdown and even a few months on, demand is still very much outweighing supply, with over 130 financially qualified buyers registering with us in August.

We also conducted just under 50 valuations in the month of August also, which shows that there is still plenty of sellers as well as buyers looking to take advantage of the Stamp Duty savings and low mortgage rates.

Last week, Zoopla published a report that stated that house sales had been selling 30% quicker than they were this time last year. Looking at our own data, we’re seeing that in many cases homes are selling within the first 4 weeks of marketing.

So far this year we have successfully sold 70% of what has come to the market with us, which we are proud to say is the best instruction to sold ratio in the town, with the average being 62%.

Our aim is to always get our sellers the best possible price and during August we achieved on average 99% of asking prices across the sales we agreed. I am pleased to also say that some of those sales were agreed in excess of their asking prices, due to multiple offers.

In August we also agreed sales on 6 properties that were also being marketed with other agents. We do things differently at Prospect and are proud to offer more marketing techniques and strategies, as well as more exposure, than other local agents.

Our video tours and target driven marketing techniques have really been making a huge difference for our sellers and ensure that we get the right buyers through the door. Quality over quantity.

Our new local social media pages are also making a huge impact. Within the month of August, we have seen an unbelievable up lift of over 29,600 views via some of our target drive marketing campaigns. This is an increase of 7% up from July and is another way we ensure our clients home’s get maximum exposure.

If you are thinking of selling or are currently on the market with another agent and you aren’t sold, please do give us a call to discuss how we can help on 01252 267 000.

Property prices in Farnborough

How much is property increasing?


Detached property prices in Farnborough

Detached
£519,265

Semi-Detached property prices in Farnborough

Semi-Detached
£351,730

Terraced property prices in Farnborough

Terraced
£289,334

Apartment property prices in Farnborough

Apartment
£220,121

Over the past 5 years, property prices in Farnborough have increased by 13.45%.

The statistics

the numbers speak for themselves


Prospect Farnborough internet registrations  in August 2020

The graph above shows the huge increase in buyer registration levels since the beginning of the year.


The above video shows all of the properties sold recently in the local area.

PROPERTY VALUATION

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Do you want to know how much your house or apartment is worth? Whether you are looking at selling or letting your property, Prospect can provide an accurate property valuation based on the current property market.

Rest assured that you are in good hands, Prospect has won the Best Estate Agents and Lettings Agents in Berkshire and Surrey for three years running. With dedicated departments in every area or property, we have experts on hand to help you whatever your requirements.

All of our Property Valuations are FREE and No Obligation, so even if you are just curious about your property’s value, then no problem. If you decide to place your property on the market to sell or rent, don't forget that we operate ona no sales, no fee basis... so unless we're successful in selling or rentingyour property, then you'll have nothing to pay us... unlike many online agents who charge non-refundable listing fees.

If you would prefer to call to arrange a valuation, you can click here for a list of our local estate agent offices.

The Manager

Darren Winter - Branch Manager


Farnborough Prospect Estate Agent

Darren has been at Prospect since 2011 and has in-depth knowledge of the local area. Darren lives in Bracknell within the Jennett's Park development, with his girlfriend and their daughter. Darren prides himself in giving realistic and honest valuations, as well as providing excellent customer service. In his spare time, Darren enjoys spending time with his family and is big football fan, he's a season ticket holder for Reading Football Club.


GET IN TOUCH

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Farnborough Lettings Update

The local area of Farnborough

Why Farnborough is a great place to live!


The vibrant town of Farnborough lies within the county of Hampshire and is a popular choice with commuters due to its close proximity to the M3.

Best known for its connection with aviation, the bi-annual Farnborough Airshow is held at Farnborough Airport and invites people from all over the world to visit the town. Farnborough has also attracted many aeronautical companies such as Lockheed Martin, BAE Systems and the Royal Aircraft Establishment, based within the Farnborough Aerospace Centre Business Park.

The Meads Shopping Centre is one of the most popular shopping centres in Farnborough, offering a wide selection of shopping and dining options. If you fancy going further afield, there is easy access to neighbouring towns such as Basingstoke and Camberley, offering a plethora of popular shopping, dining and leisure facilities.

FARNBOROUGH AREA GUIDE

Looking for a property in Farnborough?


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Farnborough property search

ABOUT PROSPECT

Helping the residents of Berkshire, Hampshire & Surrey move!


Since 1990, Prospect Estate Agency has successfully been helping people buy, sell, let or rent property across the Home Counties. Since first opening our doors, our ethos has always been to surpass customer expectations, be at the forefront of technology and truly celebrate property. We’ve always endeavoured to be the best, not the biggest!

We have always focused on providing our clients high-quality service. This dedication has resulted in hundreds of excellent customer reviews and recommendations as well as numerous industry awards, including the prestigious title of Best Estate Agency in Berkshire & Surrey at the UK Property Awards for the past five years running!

Discover more about what makes us different by exploring this page and our history. If you’d like to find out in person, just give us a call or arrange your free, no obligation valuation by clicking one of the buttons below.

Full Coronavirus Update

Find out what we’re doing and how we can still help you


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Local infrastructure

Key considerations including schools and leisure


Schools
Farnborough offers a wide range of state schools, many of which hold Ofsted’s ‘Outstanding’ status.

Transport
Farnborough is a hot spot for commuters due to the selection of transport links and business districts. Farnborough offers direct links to central London, Reading, Wokingham and Guilford.

Leisure
Farnborough Leisure Centre is the place for you, the centre offers a wide range of activities and has a host of facilities, or why not take a trip down to Aldershot Lido?

Shopping
Kingsmead Shopping Centre is located parallel to the Farnborough Road. The shopping centre has recently been refurbished giving a selection of places to grab a light bite and a tasty drink

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