Only 176 Properties For Sale in Rugby

2017 has started with some positive interest in the Rugby property market.  Taking a snap shot of the Rugby property market for the first quarter of 2017, the picture suggests some interesting trends when it comes to the number of properties available to buy, their asking prices and what prices properties are actually selling for.

 

Let us first consider the number of properties for sale, compared to 12 months ago:

 

Type of Rugby Property Number of Properties on the Market 12 months ago Number of Properties on the Market now % change
Detached 64 62 -3%
       
Semi 45 45 no change
       
Terraced 24 32 +33%
       
Flat 47 32 -32%

 

So when we add in building plots and other types of properties that don’t fit into the four main categories, that means there are 176 properties for sale today compared with 190 a year ago, a drop of 7%.

 

Next, Rugby asking prices, compared

to the same as a year ago, are 14% higher.

 

With that in mind, I wanted to look at what property was actually selling for in Rugby. Taking my information from the Land Registry, the last available six months property transactions for CV22 show an interesting picture (note the Land Registry data is always a few months behind due to the nature of the house buying process and so November 2016 is latest set of data). The price shown is the average price paid and the number in brackets is the number of properties actually sold.

 

Iain Havell

 

  Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16
Detached £384,880 (15) £330,067 (19) £341,563 (15) £321,858 (19) £389,813 (16) £366,413 (18)
Semi

Detached

£191,989 (14) £204,630 (15) £230,573 (22) £208,631 (18) £200,100 (15) £205,387 (19)
Terraced £258,400 (10) £162,444 (12) £233,850 (7) £222,688 (16) £182,115 (13) £202,196 (13)
Flat £130,357 (7) £103,875 (2) £160,600 (5) £97,900 (2) £178,333 (3) £120,267 (4)
All £259,946 (46) £239,537 (48) £257,877 (49) £247,808 (55) £258,319 (47) £251,988 (54)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s