Page 21 - ESPC Property Market Report - Mar-Aug 2023

DUMFRIES & GALLOWAY The average selling price Properties took
38 days
of property in Dumfries
& Galloway was to go under offer
£174,029
during March-August Buyers paid
2023, down 6.5% 101.1%
year-on-year. The volume of
Average selling price decreased property sales in of the Home Report
across the region Dumfries & Galloway valuation, down four
increased percentage points
The average property selling price in 12.6%,
Dumfries & Galloway fell 6.5% annually year-on-year
during March-August 2023, with the new
average sitting at £174,029.

Kirkcudbright was the most expensive place in
Homes took ten days longer to sell, Dumfries Town was the most popular area to
the region to buy a property, with the average
selling price here reaching £221,403. Dalbeattie with fewer closing dates set purchase a home in, and the volume of property
sales in this location rose 17.4% annually. This
was the most affordable area, as properties Properties in Dumfries & Galloway went under
here sold for an average of £146,820. offer in a median time of 38 days during March- was followed by: Castle Douglas (where levels
rose 26.3%); Kirkcudbright, up 43.8%; Moffat,
August 2023, ten days slower than the same time where sales volumes rose significantly by 83.3%;
The town of Moffat experienced the biggest last year.
rise in average selling price compared to the and Dalbeattie, where sales volumes were down
15.5% same time last year, with a rise of 5.1% taking Homes in the Gatehouse of Fleet area sold the by 16.7%.

of properties for the average to £211,000. fastest, with a median selling time of 26 days,
sale went to a Three-bedroom houses in Kirkcudbright sold
closing date three days slower than March-August 2022. in the highest volumes throughout Dumfries
Buyers bid less over the Home
& Galloway. The average selling price for this
Report valuation to secure 15.5% of homes for sale in Dumfries & Galloway property type was £218,628.
New property
listings increased properties went to a closing date, down from 26.7% in March-
30.1% In line with much of the wider market in this August 2022 – however, this decline brings the Significant increases in properties
across the report, buyers in Dumfries & Galloway chose current figure closer to that seen in March-August coming to the market across
region 2021, when 18.2% of homes had a closing date set.
to bid less over the Home Report valuation Dumfries & Galloway
for properties than in previous years. During
Homes in Dalbeattie and Dumfries Town were The number of new properties being listed for
March-August 2023, buyers paid an average
in high demand with house-hunters, as 20% of sale in Dumfries & Galloway increased 30.1%
of 101.1% of the Home Report valuation,
Dalbeattie homes, and 19% in Dumfries Town had annually during March-August 2023.
down four percentage points on the same
closing dates set.
time last year.
Castle Douglas had the highest number of
Sales volumes increased across the properties being listed for sale, and the level of
Buyers paid the most over the Home Report
region as buyers took action new property listings here rose by 88.9% annually.
valuation to secure a home in sought-after
The other areas that saw high levels of properties
Kirkcudbright, as properties here achieved The volume of property sales in Dumfries &
coming to the market were: Kirkcudbright, where
105% of their valuation on average. Galloway increased 12.6% year-on-year during
insertions rose 52.4% year-on-year; Dumfries,
March-August 2023, perhaps due to this region
where levels fell 3.4%; Thornhill, up 240%
68.3% of homes for sale in Dumfries & offering a more affordable alternative to
annually; and Lockerbie, which declined by 6.3%.
Galloway sold for at least their Home Report surrounding locations, along with highly-rated
valuation, down from 77.6% the previous year. schooling and amenities.
Editorial credit: John Messingham / Shutterstock.com

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