September 2022 to August 2023
Sales Volume:
In September 2022, Flintshire's property market recorded 174 sales.
The sales volume exhibited fluctuations throughout the year.
By August 2023, Flintshire had 108 sales, indicating a decline in activity compared to the start of the year.
Average Prices by Property Type:
Detached Houses: The average price of detached houses in Flintshire began at £303,272 in September 2022 and increased to £308,407 by August 2023, indicating a 1.70% change.
Semi-detached Houses: Prices of semi-detached houses started at £185,967 in September 2022 and increased to £187,508 by August 2023, marking a 0.83% change.
Terraced Houses: Terraced houses, with an initial average price of £152,397 in September 2022, decreased to £152,334 by August 2023, reflecting a -0.04% change.
Flats and Maisonettes: The average price for flats and maisonettes began at £100,750 in September 2022 and increased to £101,577 by August 2023, indicating a 0.82% change.
All Property Types: The average price for all property types in Flintshire started at £215,733 in September 2022 and decreased to £215,499 by August 2023, representing a -0.11% change.
Trends in the Flintshire Property Market:
Over the past year, the Flintshire property market has experienced varying trends. Detached houses have shown the most substantial increase in value while semi-detached houses, flats, and maisonettes have experienced modest increases in average prices. Terraced houses have seen minor fluctuations, with slight decreases in value and the overall sales volume exhibited fluctuations but ended the year with a slight decline.
Future Trends and Predictions:
While predicting the future of the property market is challenging, we can make some educated assumptions based on the observed trends:
Steady Growth for Detached Houses: It is likely that detached houses will continue to be in demand and maintain their value in the coming 12 months.
Slight Changes in Semi-Detached Houses, Flats, and Maisonettes: The modest increases in the average prices of semi-detached houses, flats, and maisonettes may attract potential buyers looking for more affordable options.
Terraced Houses Staying Stable: Terraced houses are expected to remain stable in value, making them an attractive option for buyers seeking affordable housing.
Sales Volume Stability: The sales volume is expected to remain relatively stable in the coming months, with potential variations influenced by seasonal factors and market conditions.
Economic Factors: The property market is sensitive to economic factors, including interest rates and economic recovery. Staying informed about these factors will be crucial for understanding the market's future trajectory.
In conclusion, the Flintshire property market has exhibited a range of trends over the past year, with varying percentage changes in market values for different property types. The future appears to be one of stability, with opportunities for buyers in the semi-detached and terraced house segments. Staying informed about economic developments will be essential for those interested in the Flintshire property market.
Mortgage Broker Flintshire
Information obtained from the UK Land Registry - https://landregistry.data.gov.uk/app/ukhpi