If you have been following the property sales market in recent months or if you have been actively selling or buying a property, you can’t have missed the number of For Sale and Sold boards around Amber Valley since the Stamp Duty holiday was introduced in July last year.
But what impact has this surge of activity had on Amber Valley’s towns? We’ve taken a look at the statistics for you, to see how this has impacted your local property market.
We have compared the market from the end of June 2020 to the end of June 2021, splitting them into two halves to see how the increase in sales has evolved across the four towns of the Amber Valley region.
According to data provided by Zoopla, more than 1120 homes have been sold in the past twelve months between the towns of Alfreton, Ripley, Belper and Heanor. Alfreton saw the highest number of sales with numbers reaching over 400 and Heanor had the lowest number of sales with the total being just below 140.
All four towns experienced a higher number of sales during the first six months of the stamp duty holiday than in the last six months as is clear from the graph below.
However, even with this gradual decrease in completed sales, interest from buyers remains high and properties are still selling quickly in our area and for good asking prices. The average asking price in Alfreton is approximately £183,000, in Ripley £200,000, in Belper £280,000 and in Heanor £175,000.
It’ll be interesting to see if this momentum continues into the later part of the year, and if you’re thinking of putting your property on the FOR SALE market please don’t hesitate to call our AWARD WINNING TEAM on 01773 609446 for a FREE OF CHARGE PROPERTY VALUATION.