West Bridgford property expert, Andy Smith from Newton Fallowell updates us on June activity in the market and possibilities for the future. May to June saw an average increase of over £10,000.
The following information 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:
The figures for average prices are taken directly from the Land Registry. They show a generally upward trend which is encouraging given the general feeling countrywide. The high level of demand for our area keeps prices stable and increasing, despite concerning reports of price decreases in the South East and elsewhere.
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.
June shows a slight decline in instructions, which is to be expected at this time of year. The figure is above that for the same time last year although the new homes being built have added to this year’s result. The level of sales has increased slightly and is higher than last year by 22%. The continuing desire to live in and around West Bridgford maintains demand at a high level and is protecting our market from a fall in prices that seems to be widely predicted. Interestingly the Nationwide are reporting an increase in prices after the recent flatline.
All figures have been researched from several property websites including Rightmove and Zoopla.