How price sensitive has the York Property Market been over the last 12 months?

A lot of the data I pull together and commentate on is based on the York property market holistically.  I mentioned in a previous article how each suburb of York has its own micro-market.  For instance, a three-bed detached home in Acomb will have a different price band to one in Strensall.  I thought I’d use this article to deep dive into what’s been happening over the last twelve months in some of these areas in and around York in terms of number of transactions, prices etc utilising Rightmove data.  I will add it is quite stat and number heavy.

York area data

Strensall

I was just in Strensall this Friday just gone, meeting a landlord to bring a property to the market funnily enough.  It’s a beautiful village with great links to York City Centre located north of York.

Within the last twelve months, most property sales in Strensall involved detached properties which sold for on average £355,118. Semi-detached properties sold for an average price of £250,108, while terraced properties fetched £194,760.

During the last year, sold prices in Strensall were similar to the previous year and similar to 2015 when the average house price was £296,585.

Heworth

The majority of sales in Heworth during the last year were semi-detached properties, selling for an average price of £278,479. Terraced properties sold for an average of £274,856, with flats achieving £165,110.

Heworth, with an overall average price of £277,984, and overall sold prices in Heworth over the last year were 9% up on the previous year and 15% up on the 2016 level of £241,766.  A total of 270 properties have sold in this area over the last year, semi-detached properties making up 43.70% of these transactions.

York pin map

Acomb

Similar to Heworth, over the last year most property sales in Acomb involved semi-detached properties which sold for on average £241,335. Terraced properties sold for an average price of £210,196, while detached properties fetched £307,457.

Sold prices in Acomb haven’t changed much in the last year but are up 11% from 2016 when the average house price was £206,763.

Huntington

There seems to be a recurring theme here in suburbs of York with a majority of sales in Huntington during the last year being semi-detached properties, selling for an average price of £225,616. Terraced properties sold for an average of £197,222, with detached properties fetching £311,560.

Huntington, with an overall average price of £227,657 and overall sold prices interestingly saw a 3% uplift on the 2016 level of £221,014.

Split % of house sales in Huntington by type

Wheldrake

In Wheldrake detached properties sold for £363,800. Semi-detached properties had an average sold price of £261,857 and terraced properties averaged at £192,500.

According to Rightmove data, properties in Wheldrake have seen some great capital growth.  In the past year house prices in Wheldrake were 18% up on the year before and 11% up on 2016 when they averaged at £301,735.

Fulford

Most of the sales in Fulford over the past year were semi-detached properties which on average sold for £267,701. Terraced properties had an average sold price of £283,776 and flats averaged at £174,310.

Fulford, with an overall average price of £270,315, was similar in terms of sold prices to nearby York city centre (£276,940), but was more expensive than Acomb (£228,756) and cheaper than Bishopthorpe (£343,732).

Over the last twelve months in Fulford, prices were 8% down on the year before and 3% up on 2016 when they averaged at £261,483.

house clock

 The above really does emphasise the point how price sensitive the York Property Market is and that some areas within 10 minutes’ drive of one another can have a dramatic effect on the property price.

If you are considering marketing a property for sale in or around the York area, using an Agent who has an intimate understanding of what is going on in the market as well as in your local micro-market is an absolute must.  I will say however this only makes up part of why you should appoint an agent.  If you want to know the other parts, give me a call and I will let you know.


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