Spring Hasn't Sprung Yet in Local Property Sales
The housing market in W5 and W13 is looking sluggish
Sales of flats and houses in W5 and W13 in the last quarter appear to be much like the weather - a bit of a damp squib.
The sun has been a rarity in the last few months and figures from the Land Registry show there isn't much brightness here either.
Prices are drifting downwards - good news if you are hoping to buy - but the grey cloud on the horizon suggests that there isn't as much on the market as there was 5 years ago.
Figures show that volumes of properties changing hands are half what they were 5 years ago in W5 and a third of what they were in W13.
Sales of some larger properties in W5 are also masking falls across the board. Even so, W5 property prices are down over 5 years - those in West Ealing are faring slightly better.
The March data from Land Registry's flagship House Price Index shows an annual price decrease of 0.6% which takes the average property value in England and Wales to £160,372. London remains the best performing area in the country with prices rising by 0.7% to £343,522 over the same period.
The most up-to-date figures available show that, during January 2012, the number of completed house sales in England and Wales increased by 13% to 42,511 compared to 37,584 in January 2011.
In a forthcoming edition of the Ealingtoday.co.uk newsletter there will be a complete listing of recent property sales in the area.
To register to receive it click here.
Ealing Property Prices - January - March 2012
W5 Post Code Area
| Area | Detached | Sales | Semi-Det | Sales | Terrace | Sales | Flat/Mais | Sales | Total Ave | Total Sales |
|---|---|---|---|---|---|---|---|---|---|---|
| W5 1 | 0 | 0 | 680964 | 7 | 511274 | 18 | 285359 | 11 | 475240 | 36 |
| W5 2 | 0 | 0 | 0 | 0 | 0 | 0 | 330833 | 12 | 330833 | 12 |
| W5 3 | 1277375 | 4 | 685000 | 3 | 371500 | 4 | 242123 | 15 | 472398 | 26 |
| W5 4 | 0 | 0 | 528750 | 6 | 441710 | 14 | 241120 | 12 | 382809 | 32 |
| W5 5 | 0 | 0 | 0 | 0 | 0 | 0 | 307671 | 7 | 307671 | 7 |
| Total | 1277375 | 4 | 624641 | 16 | 468691 | 36 | 276981 | 57 | 422695 | 113 |
| Change in Quarter | 35.3% | 0.0% | -4.1% | -42.9% | -6.1% | -16.3% | -5.5% | -40.0% | 0.7% | -33.5% |
| Change in year | - | - | -9.9% | 100.0% | -3.0% | 50.0% | -12.2% | -26.9% | 11.3% | 2.7% |
| Change in three years | - | - | 78.5% | 433.3% | 23.5% | 176.9% | 4.8% | 185.0% | 35.1% | 213.9% |
| Change in five years | - | - | 10.1% | -38.5% | 11.1% | -40.0% | -10.3% | -57.5% | -1.2% | -52.5% |
W13 Post Code Area
| Area | Semi-Det | Sales | Terrace | Sales | Flat/Mais | Sales | Total Ave | Total Sales |
|---|---|---|---|---|---|---|---|---|
| W13 0 | 604600 | 5 | 431214 | 7 | 282375 | 8 | 415025 | 20 |
| W13 8 | 641666 | 3 | 0 | 0 | 259611 | 9 | 355125 | 12 |
| W13 9 | 773855 | 5 | 465381 | 22 | 273220 | 20 | 416427 | 47 |
| Total | 678252 | 13 | 457134 | 29 | 271889 | 37 | 406760 | 79 |
| Change in Quarter | 1.5% | -43.5% | 6.7% | -29.3% | 3.9% | 0.0% | -9.1% | -24.0% |
| Change in Year | -9.8% | 116.7% | 0.2% | 0.0% | 12.8% | -17.8% | 13.8% | -1.3% |
| Change in Three Years | 15.5% | 62.5% | 29.5% | 123.1% | 26.0% | 428.6% | 5.5% | 182.1% |
| Change in Five Years | 23.8% | -48.0% | 19.9% | -12.1% | 20.3% | -35.1% | 15.8% | -33.1% |
Data in this report is subject to crown copyright protection.
May 17, 2012
