“What is the market like at the moment?” A daily question for us on valuations and viewings so, if you’re wondering what is really happening in the Bath property market, here are the latest facts – our Bath Property Data Report for March 2018.
All the latest figures for the Bath property market are below – collected circa March 8th 2018 with comparisons to five of our previous monthly reports (including March 2017 figures) so you can gauge trends across a full year. Our thanks to our lovely colleague Trinity for translating reams of data into handy graphs – much more helpful to absorb!
If you’d like two years worth of figures to mull over, have a look at our Spring 2017 data report as well which includes comparisons back to March 2016.
Welcome to the third month of the year—or, if you were born before 150 B.C., the first! According to the oldest Roman calendars, one year was ten months long, beginning in March and ending in December. The birthstone for March is aquamarine and the flowers are the daffodil or violet. March is also the only month with three consecutive consonants in its name in English.
Total property on market in Bath
Rightmove – 753 vs November 633
(September 637, July 594, 549 in May and 443 in March)
Zoopla – 722 vs November 470
(September 491, July 448, 379 in May and 327 in March)
OnTheMarket – 183 vs November 157
(September 160, July 160, 150 in May and 128 in March)
Home.co.uk – 728 vs November 673
(September 672, July 642, 575 in May and 483 in March)
New Instructions in last 14 days
Rightmove – 197 vs November 151
(September 129, July 150, May 143, March 120)
Zoopla – 119 vs November 63
(September 78, July 85, May 68, March 71)
OnTheMarket – search option not available
Home.co.uk – 117 vs November 79
(September 88, July 113, May 97, March 98)
Average Time on Market
Less than 1 month – 27.7% vs November 29.5%
(September 28%, July 31.3%, May 31.8%, March 30%)
Less than 2 months – 49.3% vs November 48.2%
(September 48.8%, July 50.3%, May 55.3%, March 48%)
More than 1 year – 3.7% vs November 4%
(September 5.2%, July 5.7%, May 4.3%, March 3.5%)
Selling Time in Bath (last 90 days)
Mean – 111 days vs November 83 days
(September 85 days, July 71 days, May 79 days, March 90 days)
Median – 64 days vs November 42 days
(September 36 days, July 31 days, May 30 days, March 43 days)
Properties for Sale in Bath by Price
Under 200k – 6.6% vs November 6.5%
(September 6.7%, July 5.2%, May 4.8%, March 4.5%)
200k to 300k – 19% vs November 16.6%
(September 19.9%, July 17.7%, May 16%, March 13%)
300k to 500k – 38.5% vs November 37.4%
(September 33.3%, July 32%, May 34.6%, March 33%)
500k+ – 28.4% vs November 39.3%
(September 40%, July 44.5%, May 44.5%, March 49.6%)
Mean Selling Times in Bath by price bracket
100 to 200k – 69 days vs November 157 days
(September 107 days, July 74 days, May 78 days, March 124 days)
200 to 300k – 89 days vs November 54 days
(September 65 days, July 53 days, May 38 days, March 60 days)
300 to 400k – 78 days vs November 76 days
(September 58 days, July 55 days, May 70 days, March 77 days)
400 to 500k – 117 days vs November 85 days
(September 67 days, July 67 days, May 84 days, March 96 days)
500k to 1million – 155 days vs November 99 days
(September 111 days, July 96 days, May 112 days, March 117 days)
1million+ – 193 days vs November 114 days
(September 210 days, July 120 days, May 118 days, March 113 days)
Property on market by Type
Flats – 36.1% vs November 38%
(September 38.5%, July 35%, May 34.4%, March 35%)
Terraced – 22.5% vs November 21%
(September 24.8%, July 23%, May 25.9%, March 23%)
Semi-detached – 24.5% vs November 20%
(September 18%, July 20.5%, May 20.9%, March 19%)
Detached – 13.5% vs November 16.9%
(September 14.4%, July 16.3%, May 18.7%, March 19%)
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