Are you a homeowner or landlord in Thanet? Curious about what’s happening in our local property market? Each month, Cooke & Co provides an in-depth update on the trends we’re seeing across Margate, Broadstairs, and Ramsgate. In this November 2024 review, we’ll look at the average prices of homes sold in the past 12 months on a rolling month-by-month basis, providing valuable insight into the local market.

The data shows average property prices in Broadstairs, Ramsgate, and Margate this November as follows:

• Broadstairs: £391,897
• Ramsgate: £277,027
• Margate: £303,744

While these numbers alone provide an interesting snapshot, it’s the trends over time that can reveal even more. Our regular readers and social media followers know that our monthly insights go beyond numbers, breaking down what these mean for anyone looking to buy, sell, or understand the current value of their property.

Setting the Right Price: Why It Matters

For anyone considering selling in Thanet, correctly pricing your property from the outset is crucial. Overpricing can lead to fewer interested buyers, extended time on the market, and potentially lower final sale prices as buyers begin to view prolonged listings with suspicion. At Cooke & Co, we’re committed to helping our clients set realistic, market-aligned prices, maximizing their chance of a quick and successful sale.

The Importance of Following Market Trends

The property market is always evolving, impacted by factors like mortgage rates, buyer confidence, and local demand. In Thanet, the trends for this month show steady interest in property, especially among local buyers seeking a new home in Margate, Broadstairs, and Ramsgate. We are proud to provide up-to-date information that enables both sellers and buyers to make informed decisions in the Thanet market.

Your Next Steps

If you're curious about what these changes mean for you, we offer free, no-obligation valuations and detailed market appraisals to help guide your next steps. With years of experience in the Thanet area, Cooke & Co offers trusted expertise, so don’t hesitate to reach out to discuss the specifics of your property.

Stay informed and empowered—our goal is to help you make the most of your property journey in Thanet. For a comprehensive, hassle-free market evaluation of your home, contact us at (01843) 231833.

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About Cooke & Co

Cooke & Co has been providing estate agency services in Thanet since 1992, covering Margate, Broadstairs, Ramsgate, and surrounding areas.

Contact us:

• Margate Office: (01843) 231833
• Ramsgate Office: (01843) 851322
• Broadstairs Office: (01843) 600911

Visit our website at www.cookeandco.com or email us at enquiry@cookeandco.com.