Property in Bath – 2015 market overview

Bath estate agents

Below stats show current (15/12/2015) December data across the primary property portals for properties in Bath, compared against results collected in identical fashion by Madison Oakley in January, April, August and November 2015 from the same sources and reported in our Bath property market blog updates.

The supply level drop evidenced is not far off the 47% decrease reported by the Telegraph last weekend, which quoted Bath as the “top” city in the UK this year for supply decreasing (using Housesimple.com Property Price Index data). As you can see and would expect, this has had a knock on effect on average time on market and selling time.

Total property on market in Bath

Rightmove – 252

(November 308, August 416, April 449, January 423)

Zoopla – 216

(November 228, August 272, April 271, January 339)

OnTheMarket – 94

(November 126, August 133, April 180)

Home.co.uk – 310

(November 379, August 423, April 455, January 436)

Above data suggests a 37% – 44% drop in supply from April high points to Dec low

New Instructions in last 14days

Rightmove – 62

(November 76, August 120, April 109, January 112)

Zoopla – 33

(November 35, August 50, April 57, January 62)

OnTheMarket – search option not available

Home.co.uk – 39

(November 48, August 75, April 73)

Note: Rightmove continues to class a reduced property as a “New instruction” hence distortion of figures

Corresponding 47% – 49% supply drop in line with above Total POM data

Average Time on Market

Less than 1 month – 20.9%

(November 25.5%, August 31%, April 32%, January 28%)

Less than 2 months – 38%

(November 46.4%, August 48%, April 48%, January 36%)

More than 1 year – 6.4%

(November 0%, August 6%, April 3.7%, January 4.8%)

Selling Time in Bath (last 90days)

Mean – 68 days

(November 66 days, August 105 days, April 90days, January 101 days)

Median – 38 days

(November 35 days, August 63 days, April 36 days, January 67 days)

Properties for Sale in Bath by Price

Under 200k – 8.7%

(November 8.4%, August 11%, April 13%)

200k to 300k – 17%

(November 16.8%, August 24%, April 21%)

300k to 500k – 35.1%

(November 33.5%, August 29%, April 30%)

500k+ – 39.1%

(November 41.1%, August 36%, April 36%)

Madison Oakley

estate agents in bath