Page 14 - ESPC Magazine - July 2021

THE PROPERTY MARKET

Dalgety Bay
HOUSE PRICE REPORT JUNE 2021

Properties selling quickly as buyer confidence remains high

KEY POINTS
The property market has been moving
quickly over the last three months, with
the median time to sell between April
and June 2021 being just 16 days. That is
£270,773 two days quicker than the same period
last year, and four days quicker than the
average
selling price same period in 2019. With strong interest
for properties, it is clear that buyers are
needing to act quickly to purchase their
property of choice.
Between April and June 2021 the average
selling price in Edinburgh, the Lothians, Fife The average selling price of properties
and the Borders rose by 11.2% year-on-year in Edinburgh, the Lothians, Fife and the
to £270,773. Borders increased by 11.2% between April
and June this year compared to last year.
The average property price in these areas
now stands at £270,773.
104.4% Of course, there are some notable achieved 104.4% of their Home Report home moving restrictions last June. This
three-month period has been no exception.
valuation between April and June this year.
average percentage differences across these areas. It is clear from the speed of sale and the
of Home Report We’ve seen an annual increase in new listings volume of properties achieving in excess of
valuation Edinburgh had the highest average selling of 517% in these areas. However, given the their Home Report valuation that there is
achieved price during these three months, recorded tight lockdown restrictions in place for most strong buyer demand with people actively
at £285,729. This was closely followed by of April to June 2020 this was to be expected. looking to move to their next home.
East Lothian, with an average selling price If we look back to April, May and June 2019
From April to June 2021, homes in Edinburgh, of £281,547 over the past three months. we can see an overall 6% increase in new “There is strong demand for homes out
the Lothians, Fife and the Borders achieved The average selling price for properties listings this year. This is perhaps a fairer with Edinburgh, particularly in East Lothian,
an average of 104.4% of Home Report in Midlothian was £228,682, whilst the reflection of overall current market activity. Midlothian and West Fife and Kinross. This
valuation compared to 103.7% last year.
average selling price of properties in West could be a great time for home owners in
Lothian was £236,036. In the Borders, The number of properties selling over the last these areas to be selling if they are looking
properties sold for an average of £229,515 three months has risen 347% year-on-year to do so. We’ve seen some fantastic property
during this time period. and 10% compared to the same period in listings in these areas recently and it is clear
16 days In West Fife and Kinross, we see a trend 2019. As with the volume of new property that there are lots of people looking to make
listings, comparing to the volume of property
the move to these locations. Similarly, it is a
median time of some more affordable housing with the sales in 2019 provides a more relevant great time for those looking to buy a home
to sell average selling price at £199,391, however comparison given the restrictions in place in Edinburgh, due to the high volume of
in East Fife the average selling price was during this time period in 2020. properties available.
£256,098 during this time.
Paul Hilton, CEO of ESPC, said: “We’ve If you are considering buying or selling in any
During this period in these areas, the On average, properties across Edinburgh, consistently witnessed high levels of activity of these areas, get in touch with your local
median selling time was 16 days, two days the Lothians, Fife and the Borders in the property market since the easing of ESPC solicitor estate agent today.”
faster than last year.
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