Now we’re safely into the swing of things after the festive period, I thought it was time to look at how the stats are performing for the Bath property market so far in 2017. We will be looking back at this data on a regular basis throughout the year as part of our monthly property updates and I have provided comparison figures from our January 2016 blog article for the first five sections.
Whether you’re thinking of selling this year or would just like to keep an eye on local trends, I hope you find the following information useful. Please do let me know any comments or if you’d like further information – email me at carey@madisonoakley.co.uk or visit www.madisonoakley.co.uk for more of our articles.
Bath Data for January 2017
Total property on market in Bath
Rightmove – 395 (Jan 2016 – 303)
Zoopla – 288 (Jan 2016 – 249)
OnTheMarket – 132 (Jan 2016 – 90)
Home.co.uk – 456 (Jan 2016 – 346)
New Instructions in last 14 days
Rightmove – 110 (Jan 2016 – 122)
Zoopla – 50 (Jan 2016 – 61)
OnTheMarket – search option not available
Home.co.uk – 78 (Jan 2016 – 91)
Note: Rightmove continues to class a reduced property as a “New instruction” hence distortion of figures
Average Time on Market
Less than 1 month – 25.6% (Jan 2016 – 40%)
Less than 2 months – 38.1% (Jan 2016 – 48%)
More than 1 year – 4.6% (Jan 2016 – 3.7%)
Selling Time in Bath (last 90 days)
Mean – 82 days (Jan 2016 – 77 days)
Median – 52 days (Jan 2016 – 34 days)
Properties for Sale in Bath by Price
Under 200k – 3.7% (Jan 2016 – 10.1%)
200k to 300k – 11.8% (Jan 2016 – 14.7%)
300k to 500k – 34.8% (Jan 2016 – 36.4%)
500k+ – 49.5% (Jan 2016 – 38.7%)
Mean Selling Times in Bath by price bracket
100 to 200k – 40 days
200 to 300k – 75 days
300 to 400k – 60 days
400 to 500k – 114 days
500k to 1million – 117 days
Property on market by Type
Flats – 34.6%
Terraced – 23.9%
Semi-detached – 17.3%
Detached – 20.8%
