A basic guide to property values

the preceding 18 months, most of the time, there was upwards of 80% of property sold on Rightmove, thus creating a strong demand for the few available properties, which meant that prices surged incredibly, in fact, in the DT1 and DT2 regions throughout 2021 and 2022 prices have probably risen around 35- 40% Let’s look at DT1. Rightmove is showing (6/2/2023) 280 properties in total, with 166 of those for sale and 114 sold. We can see that around 41% of the market is sold or under offer. A stable market is between 40% and 60% of property sold or under offer. Less than 40% sold shows our market is level, or dropping slightly. More than 60% sold or under offer shows the market is increasing and depending on percentage how strongly. In DT1 The over £700,000 price range and £250,000 to £500,000 are performing the best, with around 46% sold or under offer. The weakest price range showing falling property prices is the £300,000 to £500,000 market, with only 37% sold property. DT2 has similar trends, with 295 properties in total on the market, of which 118 are presently sold and 177 for sale. This is exactly