Property Wire recently announced that “annual price growth in the 12 months to August 2018 fell to 2% from 2.5% in July and month on a month values were down by 0.5%, the biggest monthly fall since July 2012”. For this edition we wanted to look closer into this statement to see what our property data was telling us about average property prices.
The average property value was £214k in August. Comparing this to the average asking price of sale listings on the property market today, it paints an interesting picture:
Here is a visualisation of how each area compares to the average property value, with red having a lower asking price and green having higher:
Looking at the areas immediately above and below the £214k threshold, we have Stoke-on-Trent with an average asking price of £211k and Cardiff at £216k. Here are the market statistics for these two areas:
Here are the top 3 and bottom 3 districts from each area in terms of average asking price:
We can see the distribution of asking prices in Cardiff is much more broad than in Stoke-on-Trent.
To read more of our Delving Into Data property insight posts, click here.
Updated daily with details of 99.6% of UK movers at the pre-move stage, TwentyCi's Homemover database is the most in-depth and accurate in the UK. For more information about TwentyCi's property and homemover data provision and insight solution, or any of our other services, please call 01908 829300 or email enquiries@twentyci.co.uk.