Bath property market update – January 2019

Bath property market update – January 2019 – If you’re wondering how the property market in Bath is coping with intermittent snow warnings and the threat of Brexit looming closer every day, here’s our latest selection of stats to give you some answers.

Bath property market

You’ll find a wide selection of the latest Bath property market data below in our usual format, with figures in red taken for comparison purposes from our Feb/March 2018 market update.

However, to give you some extra context “from the coal face”, at Madison Oakley we have found activity levels from buyers to be at surprisingly high levels this early in the year. Whether this is the usual British phlegmatic approach winning through or not remains to be seen but buyers are out in decent numbers.

After record viewing levels in the first two weeks of January, sales are now being agreed at well above usual seasonal norms. We have seen several multiple offer scenarios already this month and new property instructions are also at a healthy level (with some very high quality homes coming to market earlier in the year than expected).

However, from comparison statistics with other agents in the city, it seems many are not experiencing either the instructions or sales we have enjoyed. More analysis will be needed before we can see whether we’re unusual in benefiting from this upsurge in activity.

BONUS STATS – thanks to the epic abilities of Richard Speigal and the rest of the data wrangling bods at Propdex we now have the very latest Land Registry stats for BA1 and BA2 to compare against our on market results. Do let us know what you think of the below;

Bath Sales v Prices

 

“On Market” data for Bath (BA1 and BA2) – collected 28/01/2019


Bath property market

Total property on market in Bath

Rightmove – 728 (753)

Zoopla – 523 (722)

OnTheMarket – 331 (183)

Home.co.uk – 740 (728)

 

New Instructions in last 14 days

Rightmove – 136 (197)

Zoopla – 62 (63)

OnTheMarket – search option not available

Home.co.uk – 77 (88)

 

Average Time on Market

Less than 1 month – 17.9% (28%)

Less than 2 months – 30.4% (48.8%)

More than 1 year – 7.2% (5.2%)

 

Selling Time in Bath (last 90 days)

Mean – 130 days (85 days)

Median – 74 days (36 days)

Bath property market

 

Properties for Sale in Bath by Price

Under 200k – 7.2% (6.5%)

200k to 300k – 19.3% (19%)

300k to 500k – 35% (38.5%)

500k+ – 38% (28.4%)

 

Mean Selling Times in Bath by price bracket

100 to 200k – 156 days (69 days)

200 to 300k – 99 days (89 days)

300 to 400k – 119 days (78 days)

400 to 500k – 126 days (117 days)

500k to 1million – 172 days (146 days)

1million+ – 157 days (215 days)

 

Property on market by Type

Flats – 40.3% (36.1%)

Terraced – 24.2% (22.5%)

Semi-detached – 20.7% (24.5%)

 Detached – 14.4% (13.5%)

 

Mean Selling Times by Property Type

 Flats – 164 days

Terraced – 94 days

Semi-detached – 116 days

Detached – 144 days


Bath property market

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