November Bath property market data

November is a month packed with festivals and traditions, from All Saints Day and Armistice Day to Bonfire Night, Thanksgiving and St Andrews Day.  Tutankhamen’s tomb was discovered in November (1922) and two first flights took place in November (the first helicopter in 1907 and the first hot air balloon in 1783). November is also the only month used to represent a letter in the phonetic alphabet.

The Feast of St Martin or Martinmas (Nov 11th) has several weather beliefs attached – apparently if the wind is in the south west on the day, it will stay there right through to Candlemas in February. Alternatively, if the wind is in the north west, a severe winter is on the way.

Below you’ll find the latest stats for the Bath property market this month, with comparisons to four of our previous monthly reports of 2017 to give you a wider picture of trends across the last 6 months. As always, we’ll leave the interpretation up to the reader but we’ve added a few #Bathpropertyfacts to the end of the report that we found made interesting reading.

Bath Property Data for November 2017

best estate agent in bath 

Total property on market in Bath

Rightmove – 633 vs September 637

(July 594, 549 in May and 443 in March)

Zoopla – 470 vs September 491

(July 448, 379 in May and 327 in March)

OnTheMarket –157 vs September 160

(July 160, 150 in May and 128 in March)

Home.co.uk – 673 vs September 672

(July 642, 575 in May and 483 in March)

 

New Instructions in last 14 days

Rightmove – 151 vs September 129

 (July 150, May 143, March 120)

Zoopla – 63 vs September 78

(July 85, May 68, March 71)

OnTheMarket – search option not available

Home.co.uk – 79 vs September 88

(July 113, May 97, March 98)

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

 estate agents in bath

Average Time on Market

Less than 1 month – 29.5% vs September 28%

(July 31.3%, May 31.8%, March 30%)

Less than 2 months – 48.2% vs September 48.8%

(July 50.3%, May 55.3%, March 48%)

More than 1 year – 4% vs September 5.2%

(July 5.7%, May 4.3%, March 3.5%)

 

Selling Time in Bath (last 90 days)

Mean – 83 days vs September 85 days

(July 71 days, May 79 days, March 90 days)

Median – 42 days vs September 36 days

(July 31 days, May 30 days, March 43 days)

oldfield park estate agent 

Properties for Sale in Bath by Price

Under 200k – 6.5% vs September 6.7%

(July 5.2%, May 4.8%, March 4.5%)

200k to 300k – 16.6% vs September 19.9%

(July 17.7%, May 16%, March 13%)

300k to 500k – 37.4% vs September 33.3%

(July 32%, May 34.6%, March 33%)

500k+ – 39.3% vs September 40%

(July 44.5%, May 44.5%, March 49.6%)

 

Mean Selling Times in Bath by price bracket

100 to 200k – 157 days vs September 107 days

(July 74 days, May 78 days, March 124 days)

200 to 300k – 54 days vs September 65 days

(July 53 days, May 38 days, March 60 days)

300 to 400k – 76 days vs September 58 days

(July 55 days, May 70 days, March 77 days)

400 to 500k – 85 days vs September 67 days

(July 67 days, May 84 days, March 96 days)

500k to 1million – 99 days vs September 111 days

(July 96 days, May 112 days, March 117 days)

1million+ – 114 days vs September 210 days

(July 120 days, May 118 days, March 113 days)

 

Property on market by Type

Flats – 38% vs September 38.5%

(July 35%, May 34.4%, March 35%)

Terraced – 21% vs September 24.8%

(July 23%, May 25.9%, March 23%)

Semi-detached – 20% vs September 18%

(July 20.5%, May 20.9%, March 19%)

 Detached – 16.9% vs September 14.4%

(July 16.3%, May 18.7%, March 19%)

November Bath estate agent 

#Bathpropertyfacts

# Out of 1181 properties listed on Rightmove in Bath, 43% are marked as SSTC

# Of the 470 properties listed on Zoopla in Bath, 37.5% have been reduced in price at least once

# In the last 6 months (according to Rightmove figures), one Bath agent has reduced at least 39% of their properties at least once.

Nineteen other agents have reduced between 20% and 35% of their properties.

(NB Madison Oakley have reduced 8.5% in the same period)

 

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