Cause for concern for developers as flat sales fall
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Acton property prices have sustained levels close to their all-time high according to the latest figures from the Land Registry. The average value of a W3 home sold in the fourth quarter of 2010 was £362,223.
This is up by 22.2% on the same quarter in the previous year but down by 1.1% on the previous three months which saw the highest ever level reached by local prices.
Flat prices did see a rise over the previous quarter but over the year they are only up by 4.3% and the volume of sales appears to be on a downward trend. Sales of apartments are recovering more slowly that the rest of the market which must be a concern to developers who still have a significant number of units to sell.
London as a whole remains by far and away the strongest area in the country in price terms with home values rising by 6.2% in December compared to the same month in 2009. The average London property now costs £342,325. For England and Wales as a whole property prices rose by 1.5% with many areas of the north seeing falling values over the year. The average home price in the U.K. is now £163,814.
The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database.
In a forthcoming edition of the ActonW3.com newsletter there will be a complete listing of recent property sales in the area. To register to receive it click here.
Acton Property Prices - October - December 2010
| Area | Detached | Sales | Semi-Det | Sales | Terrace | Sales | Flat/ Mais |
Sales | Total Ave | Total Sales |
|---|---|---|---|---|---|---|---|---|---|---|
| W3 0 | 0 | 0 | 412322 | 9 | 468000 | 3 | 0 | 0 | 426242 | 12 |
| W3 6 | 0 | 0 | 0 | 0 | 495624 | 8 | 228957 | 26 | 291702 | 34 |
| W3 7 | 904999 | 3 | 524166 | 6 | 469777 | 9 | 281165 | 33 | 379734 | 51 |
| W3 8 | 0 | 0 | 0 | 0 | 381500 | 3 | 235803 | 14 | 261514 | 17 |
| W3 9 | 0 | 0 | 839812 | 8 | 0 | 0 | 264210 | 14 | 473520 | 22 |
| Total | 904999 | 3 | 590191 | 23 | 467021 | 23 | 255535 | 87 | 362223 | 136 |
| Change in Quarter | 25.6% | 0.0% | -13.2% | -17.9% | -4.3% | -4.2% | 3.4% | -18.7% | -1.1% | -16.0% |
| Change in year | - | - | 29.5% | 27.8% | 21.0% | 53.3% | 4.3% | 6.1% | 22.2% | 18.3% |
| Change in three years | - | - | 12.6% | -11.5% | -1.3% | -30.3% | -7.4% | -32.6% | 5.0% | -27.7% |
| Change in five years | - | - | 43.5% | -30.3% | 33.6% | -48.9% | 25.7% | -29.8% | 34.2% | -32.7% |
Acton Property Prices - July - September 2010
| Area | Detached | Sales | Semi-Det | Sales | Terrace | Sales | Flat/ Mais |
Sales | Total Ave | Total Sales |
|---|---|---|---|---|---|---|---|---|---|---|
| W3 6 | 720333 | 3 | 429166 | 6 | 514371 | 7 | 233275 | 27 | 340349 | 43 |
| W3 7 | 0 | 0 | 806658 | 6 | 478740 | 11 | 267150 | 49 | 351461 | 66 |
| W3 8 | 0 | 0 | 714375 | 4 | 473733 | 6 | 231108 | 18 | 352137 | 28 |
| W3 9 | 0 | 0 | 730000 | 12 | 0 | 0 | 223538 | 13 | 466640 | 25 |
| Total | 720333 | 3 | 679730 | 28 | 487881 | 24 | 247240 | 107 | 366403 | 162 |
| Change in Quarter | - | - | 35.6% | 3.7% | 12.3% | -4.0% | -1.8% | 39.0% | 8.0% | 25.6% |
| Change in year | - | - | 43.2% | 180.0% | 14.9% | 26.3% | -5.4% | 81.4% | 14.2% | 84.1% |
| Change in three years | - | - | 26.2% | -34.9% | -3.5% | -51.0% | -8.2% | -26.7% | -0.1% | -31.9% |
| Change in five years | - | - | 55.6% | -31.7% | 46.1% | -45.5% | 20.8% | 23.0% | 25.0% | -5.8% |
| Change in ten years | - | - | 120.9% | -20.0% | 114.4% | -33.3% | 83.5% | 5.9% | 93.5% | -5.8% |
February 8, 2011
