Page 19 - Property market report_Sept24-Feb25

Sales volumes The average
Scottish Borders 6.7%, while new Scottish Borders of property in the
increased by
Home in the
selling price
property listings were sold at a steady Scottish Borders was
dipped 4.8% pace, with a median selling £223,045,
time of 33 days, a steady yearly rise
one day slow than the of 6%
previous year
Average selling prices saw steady
Buyers paid
growth
99.2% of the
The average selling price of homes in the Scottish Borders Home Report valuation 8.9% of
was £223,045 during September 2024 - February 2025, on average, down 1.1 properties set a
resulting in an increase of 6% compared to last year. This percentage closing date
points
makes the Scottish Borders the second-most affordable
region covered by ESPC, after Dumfries & Galloway.

West Linton was the priciest place to buy a property
in the Borders, with an average sale price of £364,584. with the average percentage of Home Report valuation Sales volumes increased, but less
At the other end of the scale, Jedburgh was the most achieved improving to 103.6% and 100.8% respectively.
affordable, with homes averaging £152,199. properties came to market

Overall, 58.2% of properties in the Scottish Borders sold The number of new properties entering the market
The most affordable property type on the property for at least their Home Report valuation, compared to remained largely unchanged compared to the
market in the Scottish Borders was two-bedroom flats in 65% during the same period in the previous year. previous year, with a slight decline of 4.8%. In
Galashiels, which had an average price tag of £100,014. contrast, sales volumes increased by 6.7% annually,
Properties in the region continued to reflecting strong buyer interest in finding their ideal
Buyers in the Borders paid less of a sell at a steady pace home in this picturesque rural region.
premium to secure properties
Homes in the Borders had a median selling time of 33 Kelso saw the highest number of new property listings,
In sharp contrast to recent years, homebuyers in the days between September 2024 and February 2025, followed by Galashiels, Peebles, Hawick, and Selkirk.
Scottish Borders paid less over the Home Report which is one day slower than the same period last However, listing volumes varied significantly across
valuation for properties between September and year. However, this remains a strong selling pace, these areas year-on-year. Kelso, Galashiels, and
February. On average, homes sold for 99.2% of their keeping both buyers and sellers satisfied with the Peebles experienced declines of 14.3%, 6.5%, and 18%,
Home Report valuation - 1.1 percentage points lower market’s momentum. respectively, whereas Hawick saw a 12% rise in new
than the same period last year and a significant drop listings.
from the 104.3% recorded two years ago. Some areas saw properties sell much faster; in
high-demand Galashiels, homes went under These same five towns also recorded the highest
Most areas in the region saw a decline in the percentage offer in a median of just 16 days. Meanwhile, two- sales volumes, though in a different order. Despite
of Home Report valuation paid by buyers, with Selkirk bedroom houses in Kelso were the fastest-selling a year-on-year decline, Galashiels and Kelso led
experiencing the most notable decrease of 4.4 property type overall, going under offer in just the region in sales. Selkirk saw the most significant
percentage points. In this town, buyers paid an average 11 days. increase, with sales surging by 66.7%, while Hawick
of 97.6% of the valuation. and Peebles experienced rises of 15.2% and 12.5%,
A total of 8.9% of Borders homes went to a closing respectively.
There were more positive numbers in Galashiels, as the date, down from 12.1% last year and 15.5% the year
town recorded a 0.9 percentage point increase, resulting before, reflecting a shift in market dynamics during Three-bedroom houses in Kelso were the most
in homes here achieving 100.9% of their Home Report the past couple of years. Galashiels remained the sought-after properties, selling in the highest
valuation. Other key towns in the region that enjoyed most competitive area, with 20% of properties going numbers and highlighting strong demand from
Credit: Colin N. Perkel/Shutterstock.com
year-on-year increases were Eyemouth and West Linton, to a closing date. family buyers in the area.

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