2018 is well and truly under way, and as the days begin to lengthen, I thought it would be a good time to take a look at how the property market has performed in our local area over the first few months of the year.
The talk amongst various property professionals over the last few weeks has been that ‘there isn’t much stock on the market’ so I thought I’d do a bit of research and see what is actually happening in Amber Valley so that I could tell you about it.
Overall the areas of Amber Valley performed well in 2017 with approximately 5000+ properties sold in the borough over the course of the year. The monthly average remained relatively stable throughout 2017 with NG16 selling the highest number of properties, on average, 71 properties per month. However, when we take a look at 2018’s figures, to the date of writing this article, for the first quarter of this year all the areas of Amber Valley have struggled to maintain the same average number of sales that they had last year.
Although the weather so far this year hasn’t been the best for house buying/selling, agents with properties currently on the market will be hoping that the market begins to improve throughout the prime buying months of April and May.
As we assess the first months of 2018 more closely the postcode areas appear to be continuing with the current trend, with NG16, DE21and DE22 having had the most properties sold so far this year, but DE7 seeing one of the largest decreases with the average in that area dropping by 68%.