Press Room
Wetherby Annual Housing Market Index
Highlights: • The average price of a home in Wetherby in 2007 was £271,222, showing an increase of 3.5% since 2006 - up from £261,899 • Detached homes dominate the housing mix in Wetherby, making up a 37% share of the total sales in 2007 • Semi-detached homes led the way for price growth, recording a 17.6% rise between 2006 and 2007 • The price of apartments decreased significantly in 2007, down 16% on 2006. However, the figure for 2007 was still up 25% on 2005
House Prices & House Sales The Wetherby property market has remained robust, with the average house price increasing by 3.5%, between 2006 and 2007, and by over 150% since 2000. Sales were down 23.7% in 2007, although 2006 was a bumper year, with sale figures jumping more than 30% from 2005.
In 2007, Wetherby recorded its first ever £1m property sale – a detached house in Raby Park.
Summary The Wetherby property market has remained extremely robust, with Land Registry figures showing an increase of 3.5% in the average home price in 2007 and strong year-on-year growth each year since 2000 (155%).
Semi-detached homes led the way in 2007, with the average price up 17.6% on the previous year.
While the number of sales in Wetherby fell by 23.7% in 2007, transactions were still up by over 30% on figures for 2005. Demand for larger family housing has remained strong here, maintaining a good level of sales while keeping prices high.
Detached homes have consistently dominated the property mix in Wetherby, accounting for over 30% of all sales each year since 2000 - 37.1% in 2007.
Download the pdf document to view detailed illustrations of the Wetherby housing market
-- Ends --
Notes for Editors:
The Email4property Index is an annual monitor of housing transactions in Wetherby using data from the Land Registry.
Article date: 7/23/2008 12:00:00 AM