Page 14 - Property market report_Sept24-Feb25

Buyers paid
West Fife & Kinross
Properties in
West Fife & Kinross
flew off the market in just
15 days, five days
faster than the same
time last year
Average selling prices rise across West Fife &
Kinross.
The average selling price of property in West Fife & Kinross surged
by 9.4% year-on-year, resulting in a new average of £229,288
during the period September 2024 to February 2025.
The charming coastal town of Aberdour was the region’s most
expensive place to buy a home, with an average selling price of
£457,200. Rosyth offered the most affordable properties, with the
average selling price of a home here sitting at £154,790.
Whilst Dunfermline was home to the region’s most expensive
property type – five-bedroom houses selling for an average price of
£385,414 – one-bedroom flats in the city were the most affordable
property types across the region, being snapped up by buyers for an
average price of £90,713.
Buyers paid more over the Home Report
valuation
During September - February, buyers in the region paid on average
103.1% of the Home Report valuation to secure a property, which is
an increase of 1.5 percentage points compared to the previous year.
West Fife & Kinross was the only region covered by ESPC solicitor
estate agents that experienced a rise in the average percentage of
Home Report valuation attained, showing that demand is still very
strong for homes in this location.
14 | PROPERTY MARKET REPORT Credit: Nature’s Charm/Shutterstock.com
of the Home Report
103.1%
18.4%
valuation on average, of properties set a
up 1.5 percentage closing date
points
The average selling
price of property in
West Fife & Kinross was
Homes in Rosyth achieved the highest figure over Sales volumes increased across the
£229,288,
a significant annual Home Report valuation overall, with buyers paying region
increase of 9.4% an average of 106.8%, up 2 percentage points
annually. The property market in West Fife & Kinross moved at
a healthy pace during September - February, with a
Throughout September - February, 82.5% of steady number of new homes coming to market and a
properties in the region sold for at least their Home modest increase in overall property sales.
Report valuation, an increase from 70.8% last year.
This trend highlights the growing demand in West Despite insertions decreasing slightly by 0.2%, which
Fife & Kinross and a market shift benefiting sellers. equates to just one fewer property entering the market
compared to last year, West Fife & Kinross gave buyers
Properties continue to fly off the plenty of choice.
market in West Fife & Kinross Dunfermline had the highest number of homes listed,
Properties in West Fife & Kinross sold significantly with Rosyth in second place having enjoyed an increase
faster than those in other ESPC regions, with a of 16.7% when comparing year-on-year. Crossford,
median selling time of just 15 days. This is five days Cowdenbeath, Inverkeithing and Dalgety Bay followed
quicker than the previous year, making West Fife close behind, all bringing a similar number of properties
& Kinross the fastest-selling region within ESPC’s to market.
coverage.
91.3% of sellers chose to list their home for ‘offers over’,
Two-bedroom houses in Dunfermline were the which is a huge uplift from the 67.9% recorded the
quickest to sell, spending an average of only nine previous year, signalling a very strong boost in sellers’
days on the market - an impressive 15 days faster confidence in the local property market. Alongside this,
than the same period last year. sales volumes across the region rose 5.6%, highlighting
a robust property market in West Fife & Kinross.
The combination of rapid sales and a steady influx
of new properties highlights the ongoing appeal of Dunfermline secured the highest volume of property
West Fife & Kinross. Buyers of all ages and life stages sales, enjoying an increase of 14.6% compared to
are drawn to the area’s affordable property options, last year. The next three best towns in terms of sales
strong transport links and excellent local amenities. volumes were Rosyth, Inverkeithing and Dalgety Bay, all
of which experienced healthy year-on-year increases.
18.4% of properties went to a closing date in the
region, a decent improvement on last year where Whilst three-bedroom houses in Dunfermline sold in
the figure sat at 15%. Rosyth was particularly in the highest volumes, four-bedroom houses saw the
demand, with 27% of homes in the area setting a highest increase year-on-year, with a surge of 106.1%,
closing date. This aligns with Rosyth achieving the indicating continued interest from buyers seeking
highest percentage of Home Report valuation paid, affordable family homes in this popular commuter city.
driven by competitive buyers.
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