The end of the year is a great time to take stock, and at Hunters Forest Hill, we are always on hand if you are looking for guidance on the local housing market.
The national market has ended strongly in 2020. We have seen this ourselves with so many local buyers and vendors active in and around Forest Hill.
We also stay in touch with the leading property portals, and this helps us to inform you of what is required in the property market.
According to Rightmove at the beginning of December, the Forest Hill housing market is performing as; “Properties in Forest Hill had an overall average price of £510,788 over the last year. The majority of sales in Forest Hill during the last year were flats, selling for an average price of £367,569. Terraced properties sold for an average of £634,402, with semi-detached properties fetching £799,150. Overall, sold prices in Forest Hill over the last year were 1% down on the previous year and 6% down on the 2017 peak of £545,838.”
A snapshot of the Forest Hill property market
At the start of December 2020, Rightmove had a total of 280 properties listed for sale in Forest Hill.
Of the 280 listed properties in Forest Hill, only eight are listed as detached properties. There are not many more semi-detached properties for sale in the area, with only 16 listed for sale.
Flats are the most common property for sale in Forest Hill
There is an increase when it comes to terraced properties, with 47 terraced properties listed for sale in and around Forest Hill according to Rightmove at the start of December.
Therefore, it shouldn’t be a surprise that the most popular form of property listed for sale in Forest Hill is flats. There are 204 flats listed for sale, which is indicative of what the market has to offer. There were also two bungalows listed for sale in Forest Hill at the time of review.
Garden space and parking spots are in high demand
Of the 280 listed properties in Forest Hill, 192 have been listed has having a garden. The recently published Zoopla list of most common buyer searches in 2020 placed garden at the top of the list. Therefore, most buyers will be pleased to see so many Forest Hill properties listed with a garden space.
If you are looking for property with a dedicated parking space, there are 131 listings with parking for property in Forest Hill. Parking was also a popular search term for buyers this year, so again, it is pleasing to a considerable amount of property for sale in Forest Hill which meet this criteria.
A total of 99 properties for sale in Forest Hill are listed as offering a garden and parking space.
At Hunters Forest Hill, we know selling property is challenging, but we are here to assist you in the process. If you aim to buy, sell, let your home or rent property, we are active in New Cross, Peckham, Dulwich and Brockley, in addition to Forest Hill, so get in touch with one of the top three agents in London, and we will be happy to assist you.