Boxing Day Bounce And Why Enfield Appeals To Buyers

It is perfectly natural for people to look back at the end of a year, but it is also vital that you look forward. December is a busy month, but if you want to reap the rewards that are associated with this time of year, you need to put some effort in.

This is the case for Christmas and New Year, but it is also the case in the housing market. You might not view December as a massive time in the English property market, but the Boxing Day Bounce is real, and if you are looking to sell in 2022, you might want to be active sooner rather than later.

Rightmove knows the end of the year is a busy time

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 are looking to connect with these buyers, it makes sense to be proactive, ensuring your home is found by these willing buyers. At Atkinsons Residential, we connect buyers and vendors, and we will do everything we can to ensure you present your home in the best manner.

Enfield has a lot to offer

While many features influence buyer demand, the presence and reputation of local schools is crucial. Thankfully, Enfield has a lot of fantastic state and private schools, at primary and secondary school level.

Some of the leading primary schools in the local area include St George’s RC, Eversley, Forty Hill CofE, Enfield Heights and Kingfisher Hall.

There are also highly regarded secondary schools with Highlands and Enfield County for Girls recognised as “Outstanding” by Ofsted.

If you are looking for guidance or assistance in the Enfield property market, we can help. At Atkinsons Residential, we are estate, land and letting agent specialists, and we look forward to assisting you as best we can. If you would like to arrange a property valuation, please call us on 020 8366 0261, while you can contact us on 020 8342 1234 for all letting enquiries.