The average property in Britain is selling ten days sooner now compared to last year, according to giant property website Rightmove.
Ten of the Fastest selling Property hotspots are :
Local authority | Region | Average number of days on Rightmove before sold | % change compared to April – June 2013 |
Cambridge | East | 27 | -30% (39 days) |
Lewisham | London | 29 | -41% (49 days) |
Sutton | London | 29 | -40% (48 days) |
Waltham Forest | London | 31 | -34% (47 days) |
Warwick | West Midlands | 33 | -25% (44 days) |
Hackney | London | 34 | -37% (54 days) |
St Albans | East | 34 | -33% (51 days) |
Greenwich | London | 35 | -34% (53 days) |
Bexley | London | 35 | -40% (58 days) |
Bromley | London | 35 | -41% (59 days) |
Seven of the top ten fastest selling areas are found in the capital, with homes in both Sutton and Lewisham spending an average 29 days on the market. Last year it took 48 and 49 days respectively for homes to sell in the areas.
Outside London, the only other two areas that make it in the top ten list are Warwick in the West Midlands and St Albans in Hertfordshire, with properties taking an average of 33 and 34 days respectively to be sold.
Ten of the slowest selling Property hotspots are :
Local authority | Region | Average number of days on Rightmove before sold | % change compared to April- June 2013 |
Powys | Wales | 113 | 8% (104 days) |
Gwynedd | Wales | 112 | 16% (96 days) |
Sefton | North West | 106 | 3% (103 days) |
Fylde | North West | 105 | -4% (109 days) |
Wakefield | Yorkshire | 103 | 4% (99 days) |
Forest of Dean | South West | 103 | 18% (87 days) |
Conwy | Wales | 102 | 12% (91 days) |
Rochdale | North West | 100 | -8% (109 days) |
Allerdale | North West | 100 | 19% (84 days) |
Bradford | Yorkshire | 98 | -7% (105 days) |
Overall, it takes an average 65 days to sell a property in Britain, compared to 75 days this time last year.
The average home in London shifts in 41 days, the South East 51 and the East 56. In the North East, it takes 88 days on average to sell a property, and 87 in both the North West and Wales.
This new data shows just how different the pace of the housing market is at a very local level, and clearly displays that speed is key for both buyers and sellers.
‘Buyers want to know that they can be the first to find new properties on the market, and sellers expect to have their property marketed as quickly as possible to find a suitable buyer
If your thinking of buying and looking for a Surveyor give Taylor Wilkinson Surveyors a call on 0845 463 8979. We provide nationwide coverage for Homebuyer reports, market valuations, Building Surveys
Come and like our Facebook page.