Putting house on market in December

Sunshine26

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Looking for a little advice, we are looking to sell and due to other circumstances will be in a position to put it on the market around 1st December.
We have another property in mind and are anxious to sell our own( sale agreed at least) before we can bid on new house(. It's a new build and release date is tentative put possibly late January/ early Feb).
Anyway just wondering if anyone has experience of selling at this time of year, is it really as bad as some people would make out?
Thanks for any advice anyone has.
 
People will tell you about your house looking better in the sunshine etc. but you can't beat a good actual statistic. Here are the volumes by month for Dublin from the Property Price Register since inception. Properties can take about 45 days to make it onto the PPR after closing, so you want to look at the month you are interested in and a couple of months after -- you can see below that perhaps about half the October 2016 sales are on the PPR a week into November.

January and February do tend to be a little more subdued than other times of year. These are the sales that will have closed around December. That said, it is really only in the last three years that volumes have bounced back a little from the Great Recession, and Jan-Feb PPR entries for 2015/16 compare reasonably to other times of year, so I wouldn't be put off from your planned course of action.

Some periods have been distorted by government incentives. December 2014, for instance, was highly skewed by people wanting to both close and get on the PPR by year end to avail of the final chance for seven years relief from Capital Gains Tax.

zAf4eHn.png
 
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People will tell you about your house looking better in the sunshine etc. but you can't beat a good actual statistic. Here are the volumes by month for Dublin from the Property Price Register since inception. Properties can take about 45 days to make it onto the PPR after closing, so you want to look at the month you are interested in and a couple of months after -- you can see below that perhaps about half the October 2016 sales are on the PPR a week into November.

January and February do tend to be a little more subdued than other times of year. These are the sales that will have closed around December. That said, it is really only in the last three years that volumes have bounced back a little from the Great Recession, and Jan-Feb PPR entries for 2015/16 compare reasonably to other times of year, so I wouldn't be put off from your planned course of action.

Some periods have been distorted by government incentives. December 2014, for instance, was highly skewed by people wanting to both close and get on the PPR by year end to avail of the final chance for seven years relief from Capital Gains Tax.

zAf4eHn.png
Thanks dub_nerd those stats are really helpful, I suppose people are buying all year round so hopefully there will be buyers out there for us.
 
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