Professional we buy any house firm Property Solvers has revealed the areas in Essex where home sellers have been reducing their prices the most.
Tracking 3,348 property transactions between September 2020 and September 2021, the monthly updated asking vs. sold price difference tool shows the average differences between asking prices on Rightmove and their actual sold prices lodged at the HM Land Registry.
The data therefore monitors the entire house sale process from initial listing, viewings, negotiation, offers, agreement through to the survey process, conveyancing, exchange and finally completion.
Some of the biggest price discounts in Essex were seen in the CM4 (Ingatestone) postcode. Across this region, 9 sellers were knocking off an average of £-27,777 (or -3.83%) from the initial asking price in the 12 months to September 2021.
Over the same period, the lowest hits on price were seen in RM20 (Grays), where 7 home sellers reduced their properties by an average of £-3,142 (or -1.16%) to get the sale going.
Based on a minimum of 15 average sales, the tables below show some of the more interesting trends.