Acton Property Sales December 2008

Thin volumes in local property market

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The latest information show that very few properties are changing hands in the Acton area. Only 11 have been recorded as having been sold during December, one of the lowest monthly totals on record.

The average property in Acton now costs £307,427.

The Land Registry data for January for the country as a whole shows an annual house price change of -15.1 per cent. This marks the seventeenth month in a row where the annual rate of change has fallen. This contrasts with the 21 months of uninterrupted increases in the annual rate of change between December 2005 and August 2007. Prices in London were down by 14.1% over the year.

Oliver Finn's Christian Harper said, "Transactions are certainly at an all time low. However, backdated factual figures often provide a distorted view of a current market and it must be said that the number of transactions have improved as more and more of the public consider that we may be at the bottom of market prices, mortgages are cheap and many homeowners are only too happy to negotiate with a trustworthy, solid buyer"

The average property in England and Wales is currently worth £156,753 and the rate of monthly price change stands at -0.8 per cent. Sales volumes nationally have continued to decrease, with the number of sales averaging 41,014 per month in the months August to November 2008. In the same period in 2007, the average was £106,495.

If you are thinking of selling or buying in the area - tell your estate agent you use ActonW3.com. The site offers the only exclusive coverage of the local property market available anywhere.

A regular market review of the local property scene appears on the site. You can click here for the latest update and analysis.

If your agent is claiming to be marketing your property effectively and it doesn't appear on ActonW3.com it may be time to choose a new agent.

Address

Price

Date

18, Western Avenue, W3 7TZ 400,000 24/12/2008
11, Park View, W3 0PU 225,000 23/12/2008
4a, Leamington Park, W3 6TJ 185,000 22/12/2008
7, Larch Avenue, W3 7LH 210,000 19/12/2008
8, Parklands, Greenview Close, W3 7DZ 300,000 18/12/2008
17, Links Road, W3 0ER 445,000 18/12/2008
152, Western Avenue, W3 7TT 210,000 15/12/2008
Flat A, 49, Hereford Road, W3 9JW 247,000 12/12/2008
142, Noel Road, W3 0JR 250,000 09/12/2008
74, Court Way, W3 0PZ 330,000 08/12/2008
32a, Western Avenue, W3 7TZ 237,500 04/12/2008

Previous Property Sales in Acton

 

May 18, 2009