How is the Property Market in Bridgnorth?

We have been doing some digging into the statistics of the local property market at our Bridgnorth office and have uncovered some interesting trends.

Bridgnorth branch principal, Andrew Ainge, talks us through the figures...

House prices over the past 12 months have risen by 3% - a slightly slower growth compared to the national average of 3.2%, which is frankly no bad thing for the local market!

The very good news is that stock levels and demand have both risen in recent months. Across the region, 46 properties were available to buy per estate agency branch in September, which is the highest level since March 2016 and the highest September figure in four years.

Over the past year, there have been more than 350 property sales in the Bridgnorth area, which is slightly down on the previous 12 months, but still a healthy figure.

Interestingly, the most popular street was Hook Farm Road which registered the most transactions in Bridgnorth over the past three months. The highest proportion of sales was terraced houses which accounted for 40% of all sales, followed by detached and semi-detached houses which accounted for 23% each.

The highest value recorded by the Land Registry over the past 12 months was £685,000 for a house and £250,000 for a flat - there has been plenty going on!

For more advice about buying and selling property, call us on 01746 767 767 or pop into the Nock Deighton office in Bridgnorth.