Page 17 - Property market report_Sept24-Feb25

East Fife Fewer homes went to a closing date during this

period too; 12.4% of properties, compared to 13.7% in
September 2023 - February 2024.
The average selling
price of property in East
Properties went under offer the quickest in Glenrothes,
with a median selling time of only 12 days, a notable Fife was £270,673,
17 days quicker when comparing year-on-year. Along an annual decrease
of 4.4%
with 33% of properties going to a closing date and an
increase of 28.1% in average selling price, the speedy
selling times of homes in the town reflects Glenrothes’
popularity as an affordable place to live in East Fife.
12.4%
Sales volumes increased in the of properties set a
closing date
region
Properties in
Activity in the East Fife property market remained East Fife took
Credit: EyesTravelling/Shutterstock.com
steady; despite a slight decline in homes coming to
42 days
market of 2.3%, sales volumes increased by 1.6% to go under offer
compared to the same period last year.
Average selling prices in the region the same time last year, and a notable decrease from
declined the 107% attained two years previously. Several key towns in the region saw good increases Buyers paid
in volumes of property sales, namely Kirkcaldy, Cupar
The average property selling price in East Fife Most locations in East Fife experienced a drop in the and Crail. However, despite achieving the highest 99.7% of the
decreased 4.4% year-on-year during September - amount of Home Report valuation paid by buyers, but overall number of sales, St Andrews experienced a Home Report valuation
February, resulting in a new average was £270,673. At the town of Cupar saw the biggest decline, with an 8.7 21.1% year-on-year drop. on average, down 2.4
the same point last year, East Fife was the second- percentage point difference. Buyers in this area paid percentage points
most expensive region covered by ESPC, however an average of 97.7% of the Home Report valuation. It was a similar story for St Andrews in terms of the
this decline in average selling price places the region number of properties coming to market, with the Sales volumes
in fourth place, now sitting behind East Lothian and Despite a drop of 2.8 percentage points, homes in charming coastal town responsible for the majority of rose by 1.6%,
West Lothian. St Andrews still managed to achieve 101% of their new listings despite a decrease 18% compared to last while new property
listings dropped
Home Report valuation. year. However, there was positive numbers in Anstruther 2.3%
St Andrews remained the priciest area for home when looking at insertions, with this picturesque towns
purchases, with average selling prices settling at 57% of East Fife properties sold for at least their Home enjoying a year-on-year increase of 23.1%,
£387,966 - down 9.3% from the previous year, whilst Report valuation; in contrast, 68.7% of homes achieved
the average selling price in Kirkcaldy remained steady this during September 2023 - February 2024.
year on year at £200,431.
Properties took longer to sell, and
Buyers were able to snap up fewer closing dates were set
homes for under the Home Report
The median time for East Fife properties to go under
valuation
offer was 42 days during September 2024 - February
In sharp contrast to recent years, buyers were paying 2025, which is eleven days slower than the same
less over the Home Report valuation for homes in time last year. The time it takes to sell a property is
East Fife during September - February. On average, naturally influenced by market inventory, as buyers
properties achieved 99.7% of their Home Report tend to take longer to evaluate a wider range of
valuations, which is 2.4 percentage points lower than available options.

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