Video: West Bridgford Property Market Update: November 2016

The following information from property expert Andy Smith will give a guide to the past activity in the property market in and around West Bridgford.

The video commentary will explain the figures, discuss events that are present and affecting the market, whilst predicting what we are likely to see moving forward.


The current average property prices are as follows

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The change in property prices during the last month has been positive, just over 3%. The reason for this seems to be the very low levels of available houses to buy on the market currently and the continuing desire to buy. This is normal for the time of year and prevailing conditions. Next month we will look at the annual statistics and make predictions for 2017.

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The following chart shows the progression of properties coming to market and selling over the past six months. This establishes a trend for the expectations of the property market.

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Summary
The number of instructions and sales has continued to decline as predicted and will probably continue to do so throughout December. The overall feeling remains quite positive, but, with the holiday season fast approaching there is an inevitable slowdown.

All figures have been researched from a number of property websites including Rightmove and Zoopla.

Andy Smith – Newton Fallowell West Bridgford