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Local Property Prices for February 2011

House Prices by Area! 

If you are buying, selling or investing, Kate Faulkner, MD of Designs on Property explains that listening to headlines and national statistics is effectively pointless. Only local data and information from experts such as estate agents for prices, letting agents for rents and buy to let opportunities and surveyors for an independent view of your property's condition and value is vital.

Here's Kate's roundup of YOUR local property market.

London continues to be subdued following some cracking sales over the last couple of years, mostly to the international buying community. Markets that continue to perform well year on year are the £500,000 to £800,000 bracket and the £2 million + market. All other property price brackets are substantially down year on year. These low volume levels are likely to hold back the London market for the next few months, although with turmoil abroad in much of the Middle East, international investors may well come back to the 'safe haven' of London to secure investments for the future.

Good performing boroughs in London include:-
Camden (+9% YoY; +1% month on month)
Islington (+9.7% YoY; +0.3% month on month)


Poor performers for London Boroughs include:-
Tower Hamlets (+1.9% YoY; +0.2% month on month)
Bexley (+2.2% YoY; -0.6% month on month)


In the rest of England and Wales, performing areas include Hertfordshire (+6.7% YoY), which is even better than London prices. Other areas such as Bournemouth and Rutland are showing price growth of 6% or more year on year, but most, including areas such as Windsor and Maidenhead which performed well last month are now showing falls on a monthly basis, suggesting any gains year on year will be wiped out by the Summer.

Areas suffering include Blaenau Gwent, Stoke on Trent and Rotherham are all down year on year by 5% or more with further declines to come due to month on month losses.

For an even more accurate idea of what's happening in your local market, check out our board count below that shows 'sold' versus 'for sale' in your area. If your area isn't featured, then why not check out the number of boards sold versus for sale in your own area?

Take a look at the For Sale Sign Analysis information below to see if your area is covered.

Click here for Best Performing Areas
Including: Epsom, Chingford and Abingdon

Click here for Average Performing Areas
Including: Rugby, Chigwell and Warminster

Click here for Worst Performing Areas
Including: Sutton in Ashfield, Grantham and Swindon

Want FSSA data for your particular area? Then call 0845 308 2004 or email enquiries@designsonproperty.co.uk


Best Performing Areas


Town

Percentage of
Sold versus
For Sale Boards

Harpenden

54.8%

Epsom

45.5%

Sutton & Cheam

39.5%

Clevedon

38.8%

Banstead

38.2%

Worcester Park

38.0%

Walthamstow

36.6%

Beckenham

35.9%

Chessington

35.2%

Raynes Park

34.9%

Chingford

34.8%

Chichester

34.5%

Clifton and Redland

34.0%

Abingdon

33.5%




Average Performing Areas

Town

Percentage of
Sold versus
For Sale Boards

Rugby

27.8%

Shirley Road (Southampton)

27.4%

Leamington Spa

27.3%

Bath

26.8%

Gloucester

26.4%

Havant

26.2%

Taunton

25.8%

Chigwell

24.2%

Romsey

23.9%

Solihull & Shirley

23.7%

Bridgwater

23.6%

Rushden

23.3%

Buckingham

23.3%

Kenilworth

23.1%

Cheltenham

23.0%

Warminster

23.0%




Worst Performing Areas


Town

Percentage of
Sold versus
For Sale Boards

Sutton In Ashfield

8.6%

Abergavenny

9.7%

Wesham

10.3%

West Bromwich

11.5%

Halesowen

11.6%

Matlock

12.0%

Newcastle West

12.5%

Penarth

12.5%

Ilkeston

13.1%

Wells / Street / Glastonbury

15.0%

Alfreton

15.3%

Barnstaple

15.9%

Coventry

16.8%

Grantham

20.0%

Chippenham

20.2%

Swindon

20.6%



READ MORE for a full analysis of the Property Market


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