Page 17 - ESPC Property Market Report - Mar-Aug 2023

EAST FIFE 20.6%

of East Fife properties
went to a closing
East Fife date Sales volumes
properties took increased
28 days 13.3%,

to go under offer while new property
listings rose 7.3%

Properties sold for
St Andrews was
103.6% The average selling the area with the
price for property in most properties for
of Home Report valuation,
down 4.3 percentage East Fife was sale, and the most
points £281,811 properties sold
– 2.7% higher
Average selling price increased, but region sold for at least their Home Report valuation, annually

buyers bid less overall for homes in down from 84% during the same time last year.
East Fife
Historic St Andrews was the most expensive place in
The average selling price of property in East Fife East Fife to purchase property, with an average selling
experienced an annual increase during the period price of £485,810. Kirkcaldy was the most affordable Sales volumes increased across the More properties came to the market
of March-August 2023, rising 2.7% to a new average area, where average selling prices sat at £180,606.
of £281,811. This region has experienced ongoing region throughout East Fife
popularity and demand in recent years, as buyers Properties took longer to sell, and East Fife experienced a bump in the volume of properties East Fife saw a strong boost in the number of new
have sought a more relaxed pace of life away from fewer closing dates were set selling during March-August 2023 in comparison to the properties being listed for sale during March-August
the big cities of the Central Belt, and demand looks same time last year, with levels up 13.3%. 2023, with insertions up 7.3%.
to be continuing, however the frenzied demand of The median time for East Fife properties to go under
the last three years has calmed somewhat. offer was 28 days during March-August 2023, which Many individual areas throughout the region also saw St Andrews had the highest number of properties
is nine days slower than the same time last year. good increases in the volumes of property sales, but this listed for sale, with the figures increasing 4.3%
This can be seen in the levels over Home Report wasn’t the case for every district. St Andrews experienced annually. It was followed by: Kirkcaldy, where levels
valuation that buyers were willing to pay for Properties in picturesque Anstruther were snapped the highest volume of sales, up 9.4% year-on-year, while rose significantly, up 71.4%; Cupar, where new
properties in East Fife; on average, properties sold up the fastest, with a median selling time of 20 days. Kirkcaldy’s levels increased 15.8% and Cupar’s property property listings declined 29% annually; Anstruther,
for 103.6% of their Home Report valuation, down Fewer homes went to a closing date during this sales rose 18.8%. By contrast, while Anstruther was the up 12.5%; and Crail, up by a substantial 87.5%
4.3 percentage points on last year. During March- period too; 20.6% of properties, compared to 26.7% fourth most-popular place to buy property in East Fife, compared to last year.
August 2023, 72.1% of properties for sale in the in March-August 2022. its sales volumes declined 14.3% year-on-year.

16 | PROPERTY MARKET REPORT PROPERTY MARKET REPORT | 17