The children are all settled back at school and the changing weather leaves us in no doubt that Autumn is definitely here. September is always a month of new beginnings. With Christmas just around the corner many people start to think about whether their home still works for their family.
The rising interest rates may be causing pause for thought but life continues, despite the rising cost of living and people will always need to move home; sometimes because of, and sometimes in spite of, the financial climate.
Let’s have a brief look at what’s been happening over the last month in the local Warrington property market.
There are currently 402 properties available for sale in Warrington. This is 71 more than last month. Of these 402, 63 were new to the market in the last two weeks. The average price of properties in Warrington is £249,807 with the median price at £220,000.
Most of the properties available are in the £100,000 to £200,000 bracket with 145 currently on the market. There are 24 properties available, in the £500,000 to £1 million bracket. This month, properties in the £400,000 to £500,000 bracket are the fastest movers, only on the market for 71 days. They are closely followed by properties in the £300,000 to £400,000 bracket which only remain on the market for 80 days.
Properties priced at £100,000 and under, are now taking 301 days to sell. This is similar to one-bedroom properties with a median price of £85,000 as they are currently sitting on the market for an average of 349 days. This has gone up from 337 days last month.
This is another example of how selling property can take longer than people often imagine. If you’re looking to upsize from your first home, or are an investor looking to change your portfolio, please bear this in mind when planning.
Let’s take a look at the annual figures now.
The majority of sales in Warrington during the last year were semi-detached properties, selling for an average price of £257,015. Terraced properties sold for an average of £179,917, with detached properties fetching £442,748.
Overall, sold prices in Warrington over the last year were 2% down on the previous year and 12% up on the 2019 peak of £229,947.
This shows the high levels of activity in the local Warrington property market, which are likely to increase or at the very least, remain strong in the final quarter of the year. There is a lot of demand and plenty of people looking to move around Warrington.
If you’re thinking of selling your property, feel free to contact us. If you’re thinking of buying, letting or renting a Warrington property, please don’t hesitate to get in touch. You can call 01925 235 338 or email staff@hamletwarrington.co.uk.
No comments:
Post a Comment