May Bath property market data

The Anglo-Saxon name for May was Tri-Milchi, in recognition of the fact that with the lush new Spring grass cows could be milked three times a day. May superstitions include it is unlucky to get married during the month, cats born in May would not be good rodent catchers and you should neither buy a broom or wash blankets in May. On the 6th May in 1840, the world’s first postage stamp (the Penny Black) became valid for use in the UK although the first recorded use in posting of a Penny Black was from the Bath Post Office in Broad St on the 2nd May.

Anyway, enough of the past. Apart from today being both Star Wars Day and also voting day for the South West Metro Mayor, its time for our regular update on Bath property statistics. As usual, we’ve included comparison figures from our last report (late March 2017) for info.

Bath property

Bath Property Data for May 2017

Total property on market in Bath

Rightmove – 549 vs March 443 

Zoopla – 379 vs March 327 

OnTheMarket – 150 vs March 128 

Home.co.uk – 575 vs March 483 

New Instructions in last 14 days

Rightmove – 143 vs March 120 

Zoopla – 68 vs March 71 

OnTheMarket – search option not available

Home.co.uk – 97 vs March 98 

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

Average Time on Market

Less than 1 month – 31.8% vs March 30% 

Less than 2 months – 55.3% vs March 48% 

More than 1 year – 4.3% vs March 3.5% 

Bath properties

Selling Time in Bath (last 90 days)

Mean – 79 days vs March 90 days 

Median – 30 days vs March 43 days 

Properties for Sale in Bath by Price

Under 200k – 4.8% vs March 4.5% 

200k to 300k – 16% vs March 13% 

300k to 500k – 34.6% vs March 33% 

500k+ – 44.5% vs March 49.6% 

Mean Selling Times in Bath by price bracket

100 to 200k – 78 days vs March 124 days 

200 to 300k – 38 days vs March 60 days 

300 to 400k – 70 days vs March 77 days 

400 to 500k – 84 days vs March 96 days 

500k to 1million – 112 days vs March 117 days 

1million+ – 118 days vs March 113 days 

Property on market by Type

Flats – 34.4% vs March 35%

Terraced – 25.9% vs March 23%

Semi-detached – 20.9% vs March 19%

 Detached – 18.7% vs March 19%

#BathPropertyFacts

Of the 549 May properties currently available in Bath on Rightmove, 82 or 14.9% are new homes

Of the 379 May properties currently available in Bath on Zoopla, 112 or 29.5% have been reduced in price at least once

There are 6 new build properties in Bath advertised as available under the Help to Buy scheme, the cheapest of which is £260,000 for a 1 bed flat.

May blossom

For more Bath property data, property advice and comments from our partners, visit our website at www.madisonoakley.co.uk