No matter what your short and long-term goals for your home are, it makes sense to stay in touch with local property prices and values. For those not looking to move, keeping in touch with values gives you confidence that when you do move, you will be able to make the move that is right for you.
However, if you plan on buying or selling soon, average prices and values are essential. We are pleased to say we keep in touch with local house prices and if you need any guidance or information on this matter, we are more than happy to assist you.
Relevant information helps buyers and vendors make informed decisions
According to figures provided by Zoopla as of August 2019, the average price paid for York property in the past 12 months is £280,709. The average value of property in York is listed as £284,001.
While the average price of a property in an area is useful information, at times you need more detailed data. If you are comparing different regions and intend to narrow down your options, the average price may help you make quick decisions. However, if you are focused on a particular type of property in York, it is far better to pay attention to average prices for property types.
The following information, from Zoopla, collects the average price paid for property types in York in the past 12 months:
· The average price paid for flats: £184,851
· The average price paid for terraced properties: £255,809
· The average price paid for semi-detached properties: £247,238
· The average price paid for detached properties: £364,992
Another area that is pertinent for buyers and vendors is asking prices. Asking prices can vary from what prices eventually sell for. This is an area that has received considerable focus in recent times. It is helpful to be aware of what homeowners are looking for when they place their property on the market.
Stay aware of asking prices in York
The average current asking price in York, as of August 2019, according to Zoopla, is £297,344. For a one-bedroom property, the current asking price is £170,255, and for a two-bedroom property, £238,629 is the current asking price.
With a three-bedroom property, the current asking price is £289,161, and four-bedroom properties hold an asking amount of £388,441. The current average asking price for a five-bedroom property in York is £590,625.
Your home may not be the average home
Average prices are informative, but they don’t tell the full story. If you plan on selling your home, you need to know how your house compares to the average property. If your home is more appealing than the average home, using the average price as a barometer will undersell your home. It is best to view your property as a standalone property and to have it valued accordingly.
If you are planning on selling your home, you need to know what is happening in your market. You also need to have a property valuation to ensure you make informed decisions. If you would like to arrange a valuation for your York property, contact Hunters at Bishopthorpe Road in York, we will be more than happy to arrange this for you.