September property data – 2018 Bath property market update

September is the beginning of the meteorological autumn (1st) and was called Gerstmonath by the Anglo Saxons (barley month). Michaelmas Day on the 29th is traditionally the last day of the harvest season.

Our usual quota of Bath property stats can be found below, including a link to our full spreadsheet (seven sections of property info tracked across multiple time points between March 2017 and Sept 2018). This month, I have compared September 2018 data with the same information we collected in Sept 2017.

Whether you’re looking to sell or buy in the city, you may find the following info of interest in understanding the latest ebbs and flows of the Bath property market. We’d always rather stick to providing as many facts as possible and leave the interpretation to the reader but please do contact us (info@madisonoakley.co.uk) if you’d like more information on any particular aspect of the article.

 

Total property on market in Bath
Rightmove – 874 (Sept 2017 – 637)
Zoopla – 585 (Sept 2017 – 491)
OnTheMarket – 355 (Sept 2017 –160)
Home.co.uk – 858 (Sept 2017 – 672)

 

New Instructions in last 14 days
Rightmove – 169 (Sept 2017 – 129)
Zoopla – 68 (Sept 2017 – 78)
OnTheMarket – search option not available
Home.co.uk – 71 (Sept 2017 – 88)

Average Time on Market
Less than 1 month – 20.1% (Sept 2017 – 28%)
Less than 2 months – 37.1% (Sept 2017 – 48.8%)
More than 1 year – 7.5% (Sept 2017 – 5.2%)

 

Selling Time in Bath (last 90 days)
Mean – 96 days (Sept 2017 – 85 days)
Median – 63 days (Sept 2017 – 36 days)

 

Properties for Sale in Bath by Price
Under 200k – 7.2% (Sept 2017 – 6.7%)
200k to 300k – 18.6% (Sept 2017 – 19.9%)
300k to 500k – 37.4% (Sept 2017 – 33.3%)
500k+ – 36.7% (Sept 2017 – 40%)

 

Mean Selling Times in Bath by price bracket
100 to 200k – 79 days (Sept 2017 – 107 days)
200 to 300k – 75 days (Sept 2017 – 65 days)
300 to 400k – 98 days (Sept 2017 – 58 days)
400 to 500k – 100 days (Sept 2017 – 67 days )
500k to 1million – 124 days (Sept 2017 – 111 days)
1million+ – 103 days (Sept 2017 – 210 days)

 

Property on market by Type
Flats – 36.2% (Sept 2017 – 38.5%)
Terraced – 22% (Sept 2017 – 24.8%)
Semi-detached – 20.8% (Sept 2017 – 18%)
Detached – 16.7% (Sept 2017 – 14.4%)

 

Full spreadsheet data (covering March 2017 to September 2018) available via this link – 2017-18-Bath-prop-data.xlsx

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Working across the city of Bath and out into surrounding villages, Madison Oakley’s staff combine over 50 years of local experience to create a different style of property consultancy. Our NAEA licensed Bath estate agents in our George Street & Oldfield Park offices offer a unique combination of outstanding award winning service, focused presentation & cutting edge technology to ensure your home gets the best exposure. If we can help you with any aspect of residential property, please do get in touch via Facebook, our main website or on 01225 46652

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