As we bid farewell to 2023, it's fair to admit that there was a certain apprehension about the market's trajectory in the upcoming year. This sentiment, however, is not uncommon among other Estate Agent owners. However, maintaining vigilance is essential, as it keeps us sharp and driven.

I find solace in the fact that in November and December, we strategically advised our vendors to wait until Boxing Day to enter the market. This not only provided them with valuable guidance but also allowed for an uninterrupted break. Starting the New Year with fresh, eager viewers and buyers set the stage for a promising year of new beginnings – a new home, a new me, (and all that jazz!)

As I sit here reviewing our month-end statistics, I'm thrilled to report that we have successfully secured the sale of thirty-three properties in the first month of the year—a near-record achievement for us. Additionally, our Lettings team initiated twelve new tenancy agreements, with six more scheduled to commence in the first week of February. This success is a testament to the hard work of our team and our bespoke marketing campaigns tailored to each client's specific needs.

Recent data from the Bank of England reveals a positive trend, with net mortgage approvals rising to 50,500 in December, up from 49,300 in November. In the past 31 days, we've registered an impressive 481 new buyers and conducted 372 viewings, showcasing the dedication and enthusiasm of our experienced team.

We've reached a new milestone in the James & James records books: on January 11th, we listed our 1000th new property listing!  Reflecting on our three-and-a-half-year journey, it's incredible to think about the numerous families we've assisted.

Individual staff achievements deserve acknowledgment, particularly our sales manager Nick, who has undergone a remarkable journey of self-improvement. Nick's dedication to self-development has inspired the entire team. In a few months, he'll be taking on the Brighton marathon to raise funds for Cancer Research UK, demonstrating his commitment to both personal growth and charitable causes. Something that is exceptionally close to my heart. I sure you will all join me in wishing Nick the best of luck with his adventure!

Our commercial department has been bustling with activity, anticipating the release of exciting new industrial units in Bognor and Chichester. We've also welcomed the final commercial tenant to CPL House, a serviced block of offices in Worthing Town Centre. Stay tuned for more exciting commercial prospects this spring.

A special congratulations to our in-house mortgage broker, Neil Fox, who managed to secure exclusive mortgage rates for many of our new buyers this month. Neil's dedication underlines the importance of independent mortgage advice to make sure you are getting the best possible deals he does the shopping round so you don’t need to.

Looking ahead to February, we're gearing up to present one of the most intriguing properties in Worthing. I'm so enthusiastic about it that I'll personally be filmed to explain its unique offerings – an enchanted property that exceeds expectations.

My intuition tells me that February will be another promising month. If you'd like to discuss anything property-related, please feel free to reach out.

That's all for now.

Stay well.