Bath house prices – September 2011 update
As usual, some confusing discrepancies between reports on house prices so far this month. Rightmove and Findaproperty (both working on asking prices rather than sold prices) show monthly changes of -1.5% and +0.1% respectively for the South West (with annual changes -o.7% and +0%).
Working from Land Registry data (based purely on completed transactions and thus potentially 2-3 mths out of date), August prices rose in Bath and North East Somerset by 0.2% on the month and 1.5% over the year. The average selling price in BANES is now £230,000.
Figures from Mouseprice.com suggest June and July 2011 saw the most number of completed sales in Bath for any two month period in the last year. June alone saw more completions than any month in the last 18. Figures from this website are not yet available for Aug/Sept.
As regards supply levels, Rightmove are displaying a total of 870 homes in Bath , whilst Home.co.uk suggests there are currently 912 homes available to buy in the city (both websites will not filter out multiple agency instructions so the real number is likely to be about 10% lower). Both numbers would suggest a severe lack of supply, compared to previous monthly surveys of stock by Madison Oakley.
It was very useful to have some up to date info regarding the property market in Bath. I am going to check back to see you next property update, thanks.