Being the second-largest city in Wales and the twenty-fifth largest city in the UK, Swansea sits within the county boundaries of Glamorgan and the Welsh commote of Gŵyr.
While traditionally a centre for metals and mining (particularly copper) Swansea has more recently moved to a more administrative, finance and service economy in recent years with employment rates sitting above the Welsh average but very much concentrated in the area of public administration, education and health.
Retail is also important in the city with Swansea being the 18th largest retail centre in the UK; a number which seems unimpressive but which isn't when you map it against a population size which is comparatively quite small.
And the city and particularly the waterfront is seeing major regeneration. The SA1 postcode district on the edge of the city centre is being focussed on by the Welsh Development Agency and the Welsh Assembly Government and is being transformed into a "lively, attractive waterfront destination" which has become home to technology startups spun out from the university which has generated high-value employment.
And yet employment in the city is a problem. Even while it currently sits above the Welsh national average, employment rates are low, especially when compared to it neighbour, Cardiff. However, since a 25% fall in manufacturing jobs between 2001 and 2006, the city is very much on the rebound and this is reflected in the property market.
In fact, Swansea has the highest level of house price growth in Wales and property prices are so low as to make it one of the best places to invest in property in the UK, in terms of capital growth and increasing year-on-year rental yield.
This, of course, has meant much greater focus on the city from property investors from around the UK.
So, there is a good level of demand in Swansea's housing market and yet, with property (as of April 2020) taking, on average, 119 days to sell in the city, many are looking to non-traditional means to sell their houses in much quicker timeframes.
The Time it Takes to Sell a Property in Swansea
Time to sell figures represent the 90-day period prior to the 9th of April 2020 and are provided by Home.co.uk.
Average Time to Sell
|Selling Time in Swansea||119 Days||62 Days|
Means and Medians
A mean is calculated by adding up all the values and dividing that score by the number of values. It’s what we most commonly think of when we think of an average.
A median is a number found in the exact middle of a set of values.
Both numbers are useful but a mean-average can be heavily influenced by outliers (extreme numbers in the data set) whereas a median-average flattens these outliers out which, in many cases, can help to paint a more real-world picture.
Selling Times in Swansea by Number of Bedrooms
|One Bedroom||234 Days||107 Days|
|Two Bedrooms||112 Days||55 Days|
|Three Bedrooms||105 Days||53 Days|
|Four Bedrooms||133 Days||96 Days|
|Five Bedrooms||208 Days||97 Days|
Why Not Use An Estate Agent?
With the average length of time, it generally takes to sell a property - whether a house or a flat - through an agent standing at 129 days nationally and 119 days in Swansea, it is easy to see why people are increasingly turning away from agents and towards other means, such as a cash buying service, cash buyers or a quick sell service, to sell their property or house.
An agent will tend to be limited by their business model. Not only do they have to search for property to sell but they need to search out someone willing to make an offer on the house and buy. And when an agent is selling properties on the open market they have to help the two parties agree on a price, stay in contact with everyone involved and ultimately close the deal.
It's a lengthy process and buyers and sellers alike, often drop out. And while personal contact and the fact that they are often located close to you might make an agent feel reassuring (yes they understand your area) because they have to find homeowners to buy their properties they are not efficient at all, in terms of time. And they are far from free for the seller; the effort it takes them to sell a house is reflected in their price and fees.
The truth is, it costs a lot of cash to sell a house through an agent. The fees are always high.
The quick sell company we work with is different, having both the marketing lists to contact buyers to help them sell your house, quickly, via an online auction (with a guide price) and the means to buy your house in Liverpool from their own reserves in cash, with no fees attached.
House Prices in Swansea
Numbers taken from Zoopla and are for the 12 months prior to 09.04.20.
|Average Price Paid||£176,943|
|Number of Sales||2,300|
|Current Average Value||£187,008|
|Value Change||£6,730 +3.73%|
House Prices Report - December 2018 to December 2019
|Dec 2018||Dec 2019|
The Best Possible Price
If you want to get the best possible offer on your house or properties then to search out, find and contact a good agent who knows your area and road, deals with the kind of property you trying to sell and can find the right buyer at the right price is still a good bet.
But the service isn't free for a seller and the price is still what people are willing to pay for homes.
Our partner will take any property (flats and houses) in any condition and search their own database for potentially interested buyers to search out a risk-free sale for your house, with much lower fees, at a price that suits.
Get in touch now for a free cash offer on your house.
Selling a House Fast in Swansea
There are many reasons why people may seek to sell their property and many reasons why selling quickly to a cash buyer might be preferable to the more traditional option of selling through an estate agent.
Most obviously there is the speed-of-sale. With properties in Swansea taking, on average, 119 days to sell, being able to have the money in the bank in just 7 days could be an attractive option for those who have inherited a property, those who own an empty property that is costing them money, those who need to move quickly because of work commitments or those in financial difficulty with their own home.
But speed isn't everything.
Some properties simply can not be sold through conventional means to homeowners and investors requiring a mortgage. So, if your house is of non-standard construction, has sitting tenants, is in a state of disrepair, has a short lease or is the victim of invasive plants like Japanese Knotweed, you may have little choice but to sell it off-market to a cash buyer.
And selling to a cash buyer does not necessarily mean you won't get a good price. You can still get full market value for a house sold in this way. So, increasingly, homeowners, landlords and investors are turning to this method of selling, simply because it is more straightforward and convenient than dealing with estate agents and timewasters.
Read on for an explanation on how it works and what our partner offers for a quick house sale.
What's On Offer
Our partner has 3 packages available. They will buy any property in any condition, in 28 days for 100% market value, in 28 days for a fixed-price offer or in 7 days for 80% market value.
For the 28-day fixed-price offer the seller could be entitled to an immediate cash-advance of up to 89% of the value of the property.
Areas In And Near Swansea Where We Can Help You Sell Your House Fast.
We can help you sell any house or flat, in any condition around Swansea! These areas include but are not limited to:
|Llanrhidian Higher||Llanrhidian Lower||Llansamlet||Llwchwr|
|Pontarddulais||Pontlliw and Tircoed||Port Eynon||Reynoldston|
Frequently Asked Questions
How long does it take to sell a house in Swansea?
As of April 2020 it takes an average of 119 days to sell a residential property, nationally and 113 days to sell, in Cardiff. However we can help you sell your house in 7 or 28 days, depending on the package you would prefer.
What’s the shortest amount of time it takes to sell my home?
We can help you sell your home in seven days, meaning the money will be in your bank account in that time.
Which areas of Swansea do you cover?
We will work with all residential property in any area of Swansea or indeed anywhere in England and Wales.