Bath property market update – March 2019

March is a month stuffed full of important dates with the Bath Half falling on St Patricks Day this year as well as the clocks changing on Mothers Day and the Brexit deadline on the 29th. In Bath property market terms, its also usually the time of year when supply levels really start to increase as sellers look to capture the spring market. However, its not just seller numbers which are likely to be on the up. First time buyer numbers are, according to the latest Halifax report, continuing to increase (2% up in the last 12 months or 92 per cent up from an all-time low of 192,300 in 2008).

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 March 2018 market update. As always, we have left much of the interpretation up to the reader but have added some extra headline points at the end we thought were interesting.

March Bath property update

Leaving the raw numbers aside for some gut instinct reporting, February has been an excellent month for clients at Madison Oakley. Januarys fast start has continued unabated with consistent levels of new properties coming to market. Sale agreed levels have exceeded last year by some margin and quite a few properties have experienced multi bid scenarios during the month. Unfortunately transaction times remain painfully slow at approx 9 – 12 weeks from offer agreed to completion but this is unlikely to change without a wholesale revamp of the conveyancing process! March is so far looking to be a busy month for viewings, fueled by a selection of excellent new instructions in the family and first time buyer market.

March Bath property update

Bonus info added 07/03 – thanks to Richard Speigal at Propdex, we now have the latest sales data for BA1 and BA2 from the Land Registry

March Bath property market update

On Market” data for Bath (BA1 and BA2) – collected 05/03/2019. Bracketed figures in red are from our March report in 2018 for comparison purposes

Total property on market in Bath

Rightmove – 745 (753)

Zoopla – 578 (722)

OnTheMarket – 333 (183) –750 (728)


New Instructions in last 14 days

Rightmove – 161 (197)

Zoopla – 80 (63)

OnTheMarket – search option not available – 81 (88)


Average Time on Market

Less than 1 month – 19.2% (28%)

Less than 2 months – 36% (48.8%)

More than 1 year – 6.2% (5.2%)


Selling Time in Bath (last 90 days)

Mean – 148 days (85 days)

Median – 96 days (36 days)


Properties for Sale in Bath by Price

Under 200k – 6.9% (6.5%)

200k to 300k – 17.6% (19%)

300k to 500k – 38.6% (38.5%)

500k+ – 36.8% (28.4%)


Mean Selling Times in Bath by price bracket

100 to 200k – 144 days (69 days)

200 to 300k – 122 days (89 days)

300 to 400k – 136 days (78 days)

400 to 500k – 98 days (117 days)

500k to 1million – 223 days (146 days)

1million+ – 153 days (215 days)


Property on market by Type

Flats – 38.5% (36.1%)

Terraced – 24.5% (22.5%)

Semi-detached – 19.4% (24.5%)

 Detached – 15.3% (13.5%)


Mean Selling Times by Property Type

 Flats – 158 days

Terraced – 116 days

Semi-detached – 130 days

Detached – 222 days

March Bath property update

As shown above, there are currently 745 properties advertised “on market” in Bath via Rightmove. 128 (or 23%) of these are new homes or retirement properties.

According to Rightmove data, 166 sales were agreed across the BA1 and BA2 postcodes by all estate agents between Feb 1st and Mar 1st 2019

Of the 580 properties currently advertised on Zoopla in Bath, 206 (or 35%) have been reduced in price at least once during marketing

March Bath property update

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