Letting & Estate Agent Podcast

Group Managing Director of Martin & Co and Xperience Group (CJ Hole , Parkers , Country Properties , Mullucks and Ellis and Co), ex MD for Countrywide, Toby Phillips knows his onions about Estate Agency. In the late Summer of 2024, Toby dropped by the WatkinSofa to chat all things Estate Agency

Group Managing Director of Martin & Co and Xperience Group (CJ Hole , Parkers , Country Properties , Mullucks and Ellis and Co), ex MD for Countrywide, Toby Phillips knows his onions about Estate Agency. In the late Summer of 2024, Toby dropped by the WatkinSofa to chat all things Estate Agency

UK Property Market Weekly Update In this week’s ‘UK Property Market Stats Show’ on YouTube for week ending Sunday, 1st December 2024, myself and this week’s special guest, Verona Frankish (boss of Yopa) discuss the property market headlines for Week 48 of 2024. Youtube Show … https://youtu.be/Pjbu1VsbO8Y The main headlines: · Listings (New properties coming on to the market) - 24.6 UK listings this week (week 48), an expected drop of 2.6k from last week. 8.4% higher 2024 YTD than 2023 YTD. · % of Resi Sales Stock being reduced (Monthly): 13% of Resi sales stock was reduced in the last month. 14% last month and long term 5 year average 10.6%. · Total Gross Sales - 22.8k UK homes sold stc this week (Week 48), 4% lower than last week. 20% higher than the same standalone week (week 48) in 2023. Also, 8.8% higher than 2017/18/19 YTD levels & 15.2% higher than 2023 YTD levels. · Sale Thru rate (Monthly): UK Estate Agents sold 16.11% of their Resi sales stock last month. 2024 average is 15.86% & the 7 year long term average is 17.9% per month - yet don’t forget that was only in mid/late 20%’s in the crazy years of 20/21/22). · Sale fall-throughs - For the week 48, Sale Fall Thrus (as a % of Gross sales Agreed) decreased 23.8%). The 7 year Long Term weekly Average is 24.8% and it was 40%+ in the two months following the Truss Budget in the Autumn of 2022. · Net Sales - 17.4k this week (average for last 4 weeks 17.6k). 20% higher than the same week 48 in 2023, 66% higher than the same week 48 in 2022 & still 17.4% higher YTD in 2024 compared to YTD 2023. · % of Homes exchanging vs homes unsold - Of the 1,438,852 UK homes that left UK Estate Agents books since the 1st Jan 2024, 772,292 of them (53.67%) exchanged & completed contracts (meaning the homeowner moved and the estate agent got paid). The remaining 666,560 (46.33%) were withdrawn off the market, unsold. In essence you a flip of the coin chance of actually selling, homeowners moving and the estate agent getting paid. Graphs https://we.tl/t-HSdqrQueAs

Group Managing Director of Martin & Co and Xperience Group (CJ Hole , Parkers , Country Properties , Mullucks and Ellis and Co), ex MD for Countrywide, Toby Phillips knows his onions about Estate Agency. In the late Summer of 2024, Toby dropped by the WatkinSofa to chat all things Estate Agency

Clare Yates, MD of CY Training Works, dropped by the Watkinsofa in the Autumn of 2024 to chat all things Estate Agency and Conveyancing. In this episode Clare talks about her bespoke courses that are focused on the customer experience. *Disclaimer: No monies or consideration have been given to Christopher Watkin for this podcast.

UK Property Market Weekly Update In this week’s ‘UK Property Market Stats Show’ on YouTube for week ending Sunday, 22nd November 2024, myself and this week’s special guest, Iain White discuss the property market headlines for Week 47 of 2024. The main headlines: · Listings (New properties coming on to the market) - 27.2 UK listings this week (week 47), an expected slight drop of 1.8k from last week. 8.3% higher 2024 YTD than 2023 YTD. · % of Resi Sales Stock being reduced (Monthly): 13% of Resi sales stock was reduced in the last month. 14% last month and long term 5 year average 10.6%. · Total Gross Sales - 23.8k UK homes sold stc this week (Week 47), 1.2% lower than last week. 21% higher than the same standalone week (week 47) in 2023. Also, 8.6% higher than 2017/18/19 YTD levels & 15.1% higher than 2023 YTD levels. · Sale Thru rate (Monthly): UK Estate Agents sold 16.11% of their Resi sales stock in Oct ’24. Sept ‘ 24 was 14.79%. 2024 average is 15.86% & the 7 year long term average is 17.9% per month - yet don’t forget that was only in mid/late 20%’s in the crazy years of 20/21/22). · Sale fall-throughs - Agents lost 5.8% of their sales pipeline for the month of October (up from 5.6% in Sept ‘ 24). For the week 47, Sale Fall Thrus (as a % of Gross sales Agreed) decreased 25%). The 7 year Long Term weekly Average is 24.8% and it was 40%+ in the two months following the Truss Budget in the Autumn of 2022. · Net Sales - 17.8k this week (average for last 4 weeks 17.7k). 20% higher than the same week 47 in 2023, 56% higher than the same week 47 in 2022 & still 17.4% higher YTD in 2024 compared to YTD 2023. · % of Homes exchanging vs homes unsold - Of the 1,387,069 UK homes that left UK Estate Agents books since the 1st Jan 2024, 743,269 of them (53.59%) exchanged & completed contracts (meaning the homeowner moved and the estate agent got paid). The remaining 643,800 (46.41%) were withdrawn off the market, unsold. In essence you a flip of the coin chance of actually selling, homeowners moving and the estate agent getting paid. · UK House Prices - As explained in the show, the £/sqft figure foretells and predicts the Land Registry 5 months in advance with an accuracy rating of 92%. Final October figures saw a slight jump in this important metric to £346/sq.ft. For comparison - Sept’s £339/sq.ft, August’s £338/sq.ft, and July at £341/sq.ft. This means house prices are slightly growing. · Resi Sales Stock on the Market (Monthly Stat) : 725k at end of October (up from 724k at end of Sept). For comparison, Oct ’23 - 664k, Oct ’22 - 523k, Oct ’21 - 425k, Oct ’20 - 681k, Oct ’19 - 652k · Resi Sales Sold STC Pipeline (Units) (Monthly Stat): 505k at end of October. For comparison, Oct ’23 - 401k, Oct ’22 - 483k, Oct ’21 - 528k, Oct ’20 - 548k, Oct ’19 - 372k Local Focus this week - Banbury Thank you for your interest Kind regards Christopher Watkin PS YouTube Link to The UK Property Market Stats Show - https://youtu.be/5GoM1ognDIM PPS Graphs https://we.tl/t-aJNnSICm5E

Nony Kerr-Smiley, a Winchester Estate Agent, dropped by the Watkinsofa in the Autumn 2024 to chat all things Estate Agency. In this episode Nony talks about 'mum guilt' in Estate Agency.

UK Property Market Weekly Update In this week’s ‘UK Property Market Stats Update’ for week ending Sunday, 17th November 2024 (week 46), the main headlines are as follows… · Listings (New properties coming on to the market) - 29k UK listings this week (week 46). YTD 2024, listings are 8% higher compared to 2023 YTD. · % of Resi Sales Stock being reduced (Monthly): 13% of Resi sales stock was reduced in the last month. 14% last month and long term 5 year average 10.6%. · Total Gross Sales - 24.2k UK homes sold stc this week (Week 46), slightly more than last week. 19.2% higher than the same standalone week (week 46) in 2023. Also, 8.5% higher than 2017/18/19 YTD levels & 14.9% higher than 2023 YTD levels. · Sale Thru rate (Monthly): UK Estate Agents sold 16.11% of their Resi sales stock in Oct ’24. Sept ‘ 24 was 14.79%. 2024 average is 15.86% & the 7 year long term average is 17.9% per month - yet don’t forget that was only in mid/late 20%’s in the crazy years of 20/21/22). · Sale fall-throughs - For the week 46, Sale Fall Thrus (as a % of Gross sales Agreed) dropped significantly to 25% (down from 28.8% last week). The 7 year Long Term weekly Average is 24.2% and it was 40%+ in the two months following the Truss Budget in the Autumn of 2022. Agents lost 5.8% of their sales pipeline in Oct’24 (up from 5.6% in Sept ‘ 24). · Net Sales - 18.1k this week (17k last week). 18.2% higher than the same week 46 in 2023, 76% higher than the same week 46 in 2022 & still 17.3% higher YTD in 2024 compared to YTD 2023. · % of Homes exchanging vs homes unsold - Of the 1,358,587 UK homes that left UK Estate Agents books since the 1st Jan 2024, 728,138 of them (53.6%) exchanged & completed contracts (meaning the homeowner moved and the estate agent got paid). The remaining 630,449 (46.4%) were withdrawn off the market, unsold. In essence you a flip of the coin chance of actually selling, homeowners moving and the estate agent getting paid. · UK House Prices - As explained in the show, the £/sqft figure foretells and predicts the Land Registry 5 months in advance with an accuracy rating of 92%. Final October figures saw a slight jump in this important metric to £346/sq.ft. For comparison - Sept’s £339/sq.ft, August’s £338/sq.ft, and July at £341/sq.ft. This means house prices are slightly growing. · Resi Sales Stock on the Market (Monthly Stat) : 725k at end of October (up from 724k at end of Sept). For comparison, Oct ’23 - 664k, Oct ’22 - 523k, Oct ’21 - 425k, Oct ’20 - 681k, Oct ’19 - 652k · Resi Sales Sold STC Pipeline (Units) (Monthly Stat): 505k at end of October. For comparison, Oct ’23 - 401k, Oct ’22 - 483k, Oct ’21 - 528k, Oct ’20 - 548k, Oct ’19 - 372k Local Focus - Guildford Graphs - https://we.tl/t-wiNvgEwvt5 Kind regards Christopher Watkin

UK Property Market Weekly Update In this week’s ‘UK Property Market Stats Show’ on YouTube for week ending Sunday, 3rd November 2024, Chris ‘Stato’ Watkin with this week’s special guest, Rob Smith (bossman of Hunters & Whitegates) discuss the property market headlines for Week 44 of 2024. The main headlines: · Listings (New properties coming on to the market) - 28.6k UK listings this week (week 44), an expected drop of 1.5k from last week. 8.1% higher 2024 YTD than 2023 YTD. · % of Resi Sales Stock being reduced (Monthly): 13% of Resi sales stock was reduced in the last month. 14% last month and long term 5 year average 10.6%. · Total Gross Sales - 24k UK homes sold stc this week (Week 44), 6.9% lower than last week. 17% higher than the same standalone week (week 44) in 2023. Also, 7.4% higher than 2017/18/19 YTD levels & 14.8% higher than 2023 YTD levels. · Sale Thru rate (Monthly): UK Estate Agents sold 16.11% of their Resi sales stock in Oct ’24. Sept ‘ 24 was 14.79%. 2024 average is 15.86% & the 7 year long term average is 17.9% per month - yet don’t forget that was only in mid/late 20%’s in the crazy years of 20/21/22). · Sale fall-throughs - Agents lost 5.8% of their sales pipeline for the month (up from 5.6% in Sept ‘ 24). For the week 44, Sale Fall Thrus (as a % of Gross sales Agreed) increased slightly to 25.9% (up from 24.6% last week). The 7 year Long Term weekly Average is 24.2% and it was 40%+ in the two months following the Truss Budget in the Autumn of 2022. · Net Sales - 17.8k this week (19.5k last week). 17% higher than the same week 44 in 2023, 54% higher than the same week 44 in 2022 & still 17.4% higher YTD in 2024 compared to YTD 2023. · % of Homes exchanging vs homes unsold - Of the 1,295,604 UK homes that left UK Estate Agents books since the 1st Jan 2024, 693,669 of them (53.54%) exchanged & completed contracts (meaning the homeowner moved and the estate agent got paid). The remaining 601,935 (46.46%) were withdrawn off the market, unsold. In essence you a flip of the coin chance of actually selling, homeowners moving and the estate agent getting paid. · UK House Prices - As explained in the show, the £/sqft figure foretells and predicts the Land Registry 5 months in advance with an accuracy rating of 92%. Final October figures saw a slight jump in this important metric to £346/sq.ft. For comparison - Sept’s £339/sq.ft, August’s £338/sq.ft, and July at £341/sq.ft. This means house prices are slightly growing. · Resi Sales Stock on the Market (Monthly Stat) : 725k at end of October (up from 724k at end of Sept). For comparison, Oct ’23 - 664k, Oct ’22 - 523k, Oct ’21 - 425k, Oct ’20 - 681k, Oct ’19 - 652k · Resi Sales Sold STC Pipeline (Units) (Monthly Stat): 505k at end of October. For comparison, Oct ’23 - 401k, Oct ’22 - 483k, Oct ’21 - 528k, Oct ’20 - 548k, Oct ’19 - 372k Local Focus this week - Putney (SW15) in London Graphs - https://we.tl/t-fYt36BdltO Thank you for your interest Kind regards Christopher Watkin PS YouTube Link to The UK Property Market Stats Show - https://youtu.be/ZYowX2hjO2s

In this week’s ‘UK Property Market Stats Show’ on YouTube for week ending Sunday, 27th October 2024, Chris ‘Stato’ Watkin with this week’s special guest, Bryan Mansell, discuss the property market headlines for Week 43 of 2024. The main headlines: · Listings (New properties coming on to the market) - 30k UK listings this week (week 43), an expected drop of 2.5k from last week. 7.5% higher 2024 YTD than 2023 YTD. · % of Resi Sales Stock being reduced: 14% of Resi sales stock was reduced in the month (long term average 10.6%) · Total Gross Sales - 25.8k UK homes sold stc this week (Week 43), 0.9% lower than last week. 24% higher than the same standalone week (week 43) in 2023. Also, 8% higher than 2017/18/19 YTD levels & 14.8% higher than 2023 YTD levels. · Sale Thru rate: (NEW MONTHLY STAT) : UK Estate Agents sold 14.79% of their Resi sales stock in Sept ’24. 2024 average is 15.83% & the 7 year long term average is 17.9% per month - yet don’t forget that was only in mid/late 20%’s in the crazy years of 20/21/22). · Sale fall-throughs - Agents are lost 5.5% of their sales pipeline for the month. For the week 43, Sale Fall Thrus (as a % of Gross sales Agreed) dropped slightly to 24.6% this week. The 7 year Long Term weekly Average is 24.2% and it was 40%+ in the two months following the Truss Budget in the Autumn of 2022. · Net Sales - 19.5k this week (19.5k last week). 27% higher than the same week 43 in 2023 & still 17.4% higher YTD in 2024 compared to YTD 2023. · % of Homes exchanging vs homes unsold - Of the 1,257,497 UK homes that left UK Estate Agents books since the 1st Jan 2024, 672,347 of them (53.47%) exchanged & completed contracts (meaning the homeowner moved and the estate agent got paid). The remaining 585,150 (46.53%) were withdrawn off the market, unsold. In essence you a flip of the coin chance of actually selling, homeowners moving and the estate agent getting paid. · UK House Prices - Final September figures suggest a slight jump in this important metric to £340/sq.ft. For comparison - August’s Figures for the Sale Agreed £/sq.ft was at £338/sq.ft, and July at £341/sq.ft. This means house prices are stable. · Resi Sales Stock on the Market (Monthly Stat) : 724k at end of Sept (up from 710k at end of Aug). For comparison, Sept ’23 - 662k, Sept ’22 - 507k, Sept ’21 - 438k, Sept ’20 - 692k, Sept ’19 - 650k · Resi Sales Sold STC Pipeline (Units) (Monthly Stat): 503k at end of Sept. For comparison, Sept ’23 - 410k, Sept ’22 - 483k, Sept ’21 - 550k, Sept ’20 - 489k, Sept ’19 - 368k 🔗 YouTube Link to The Show - https://youtu.be/t1wIYQYndLA Graphs - https://we.tl/t-dXTJZI8GkS