July Bath property data

Bath property has always been a microcosm market but are we still bucking the national trend? Headlines today included Rightmove’s latest monthly price index, which stated that over 45% of estate agents stock nationally is marked as Sold STC – the highest proportion recorded since the website started tracking results seven years ago.

Below are some more detailed stats we collect regularly specifically for the Bath property market and compared against our May and March results as usual.

The month of July is named after Julius Caesar by a decision of the Roman Senate in 44BC as July was the month of his birth. Before that, it had been known as Quintilis (fifth) as it was the fifth month in the old calendar.

“The English winter, ending in July, To recommence in August, now was done,” (Byron).

Bath property

Bath Property Data for July 2017

Total property on market in Bath

Rightmove – 594 vs 549 in May and 443 in March

Zoopla – 448 vs 379 in May and 327 in March

OnTheMarket – 160 vs 150 in May and 128 in March

Home.co.uk – 642 vs 575 in May and 483 in March

New Instructions in last 14 days

Rightmove – 150 (May 143, March 120)

Zoopla – 85 (May 68, March 71)

OnTheMarket – search option not available

Home.co.uk – 113 (May 97, March 98)

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

Bath property

Average Time on Market

Less than 1 month – 31.3% (May 31.8%, March 30%)

Less than 2 months – 50.3% (May 55.3%, March 48%)

More than 1 year – 5.7% (May 4.3%, March 3.5%)

Selling Time in Bath (last 90 days)

Mean – 71 days (May 79 days, March 90 days)

Median – 31 days (May 30 days, March 43 days)

Bath property

Properties for Sale in Bath by Price

Under 200k – 5.2% (May 4.8%, March 4.5%)

200k to 300k – 17.7% (May 16%, March 13%)

300k to 500k – 32% (May 34.6%, March 33%)

500k+ – 44.5% (May 44.5%, March 49.6%)

Mean Selling Times in Bath by price bracket

100 to 200k – 74 days (May 78 days, March 124 days)

200 to 300k – 53 days (May 38 days, March 60 days)

300 to 400k – 55 days (May 70 days, March 77 days)

400 to 500k – 67 days (May 84 days, March 96 days)

500k to 1million – 96 days (May 112 days, March 117 days)

1million+ – 120 days (May 118 days, March 113 days)

Then and now

Property on market by Type

Flats – 35% (May 34.4%, March 35%)

Terraced – 23% (May 25.9%, March 23%)

Semi-detached – 20.5% (May 20.9%, March 19%)

 Detached – 16.3% (May 18.7%, March 19%)

Bath property

#Bathpropertyfacts

Out of 1115 properties listed on Rightmove in Bath, 48.5% are marked as SSTC

Of the 448 properties listed on Zoopla in Bath, 28.7% have been reduced in price at least once

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