Property Price Market Update August 2009

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Quick snap shot:
The property market is so regional at the moment, that quoting or commenting on 'average statistics' is pointless. To work out what's really happening in the market, if you are buying or selling, you need to know the market for your type of property on the street you are looking to buy/sell in. Read our regional report below to understand what's happening in your area!

Need an independent expert to value your home for you that is NOT an estate agent? Then contact us on 0845 838 1763 or email enquiries@designsonproperty.co.uk to find out how we can value your property for you.

What's Happening in my Area? 
"Property markets" really operate within a three mile radius as 80% of people buy property locally (in most areas) so national stats don't really help us understand what's happening in our own area.

In fact what we are seeing is probably the biggest difference regionally than we've ever seen. This is shown by For Sale Sign Analysis's data which tracks the number of properties sold versus for sale.

Click here for Best Performing Areas
Including: Fleet, Horsham and Canterbury

Click here for Average Performing Areas
Including: Basildon, Portsmouth and Bicester

Click here for Worst Performing Areas
Including: Mildenhall, Telford and Cannock

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

The Independent also published a great article by Rob Griffin on which areas are likely to recover! You can compare this to Savills in depth Residential Focus Report which also predicts areas that will recover first and what regional growth can be expected over the next ten years.

Best Performing Areas

Town

Percentage of Sold versus For Sale Boards

Maidstone

45.4%

Emsworth

45.7%

Chichester

45.7%

Orpington

46.3%

Milton Keynes

46.8%

Lee Green & Eltham

47.4%

Canterbury

48.6%

Whitstable

49.0%

Blackfen

51.1%

Winchester

51.5%

Basingstoke

51.6%

Harlow & Church Langley

53.3%

Emerson Green

53.3%

Dulwich

54.6%

Cheshunt & Waltham Abbey

55.0%

Bradley Stoke

55.0%

Warwick

55.6%

Tilehurst

56.4%

Clifton and Redland

56.5%

Farnborough

57.8%

Horsham

59.6%

Wokingham

59.6%

Harpenden

62.9%

Fleet

64.1%



Average Performing Areas

Town

Percentage of Sold versus For Sale Boards

Banner Cross

36.8%

Wickford

36.9%

Stowmarket

37.9%

Basildon

38.0%

Rugby

39.2%

East Grinstead

39.3%

Dartford

39.4%

Gravesend

39.4%

Eastbourne

39.6%

Chislehurst

40.8%

Bicester

40.8%

Pershore

40.9%

Waterlooville

41.0%

Bath

41.5%

Chelmsford

43.0%

Brentwood

43.8%

Fishponds

44.3%

Halstead

44.6%

Portsmouth & Southsea

44.8%



Worst Performing Areas

Town

Percentage of Sold versus For Sale Boards

Mildenhall

9.9%

Telford

15.0%

Bearwood

15.1%

Wednesbury

15.4%

Bramhall & Cheadle Hulme

16.3%

Cannock

16.3%

Hinckley

16.5%

Evesham

16.9%

Lambourn

18.6%

Watton

19.3%

Newark

20.1%

Thetford

20.4%

Chapeltown

21.6%

Crystal Peaks

24.1%

Malvern

25.0%

Gleadless

25.5%

Devizes

26.7%

Great Barr

26.9%

Sutton Coldfield

29.0%

Market Harborough

29.0%

Hillsborough

30.0%

Hereford

31.4%

Stratford Upon Avon

31.8%




 

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