Alarming Fall in Acton Property Sales

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Turnover plunges by a third as prices drift off

Acton property sales in the first quarter of this year are down by a third compared with the same period in 2010. Less than 100 transactions took place from January to March which is half the level seen five years ago.

According to the Land Registry prices have fallen back from the close to peak levels seen at the end of last year down by 6.9% compared with the previous three months although they are up by 3.2% compared with the first quarter of last year and 22% compared with five years ago. These rises have been driven by house values as opposed to flats which are only up by 10% over the last five years.

The average value of a W3 home sold in the first quarter of 2011 was £337,167.

The low volumes and falling prices will be a concern to property developers in the area who still have a significant number of units to bring to the market.

House prices in London are now the only in the country that have risen compared with the same period last year. The Land Registry's House Price Index shows that the average price in the capital was £336,828 in March 2011 up by 0.8% compared to the same month last year. For England and Wales the average price is now £160,996 down by 2.3% from March 2010. Prices in the north east have fallen by 9.3% and in Wales they are down by 7.2%.

The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database.

In a forthcoming edition of the ActonW3.com newsletter there will be a complete listing of recent property sales in the area. To register to receive it .

 

Acton Property Prices - Jan - Mar 2011

Area	Semi-Det	Sales	Terraced	Sales	Flat/Mais	Sales	Total Averages	Total Sales
W3 0	459300	5	526083	6	0	0	495727	11
W3 6	0	0	415866	6	233376	17	280982	23
W3 7	588990	5	0	0	224614	19	300526	24
W3 8	544200	5	0	0	227900	11	326744	16
W3 9	767900	5	0	0	225782	14	368445	19
Total	590098	20	470975	12	227916	61	337167	93
Change in Quarter	0.0%	-13.0%	0.8%	-47.8%	-10.8%	-29.9%	-6.9%	-31.6%
Change in year	3.7%	-20.0%	18.4%	-50.0%	-5.1%	-32.2%	3.2%	-33.1%
Change in three years	-0.4%	-25.9%	1.9%	-45.5%	-18.2%	-33.7%	-8.2%	-34.0%
Change in five years	28.4%	-33.3%	37.9%	-68.4%	10.0%	-48.3%	22.4%	-50.0%

 

Acton Property Prices - October - December 2010

Area	Detached	Sales	Semi-Det	Sales	Terrace	Sales	Flat/ Mais	Sales	Total Ave	Total Sales
W3 0	0	0	412322	9	468000	3	0	0	426242	12
W3 6	0	0	0	0	495624	8	228957	26	291702	34
W3 7	904999	3	524166	6	469777	9	281165	33	379734	51
W3 8	0	0	0	0	381500	3	235803	14	261514	17
W3 9	0	0	839812	8	0	0	264210	14	473520	22
Total	904999	3	590191	23	467021	23	255535	87	362223	136
Change in Quarter	25.6%	0.0%	-13.2%	-17.9%	-4.3%	-4.2%	3.4%	-18.7%	-1.1%	-16.0%
Change in year	-	-	29.5%	27.8%	21.0%	53.3%	4.3%	6.1%	22.2%	18.3%
Change in three years	-	-	12.6%	-11.5%	-1.3%	-30.3%	-7.4%	-32.6%	5.0%	-27.7%
Change in five years	-	-	43.5%	-30.3%	33.6%	-48.9%	25.7%	-29.8%	34.2%	-32.7%

 

 

May 12, 2011