The Land Registry figures for the end of September show the North West having one of the lowest average house prices in the UK. The North West being Lancashire, Cumbria, Cheshire, Manchester and Merseyside.
Overall in the North West the house price average is £116k down 8% over a year but up 0.8% in September alone.
In Lancashire the picture isn’t as good with an average of £113k down 12.7% over a year and down by 0.3% in September. The peak being December 2007 at £137k.
Preston is in the Lancashire figures but Blackpool and Blackburn having unitary authorities are shown with an average of £94k and £82k respectively. Others shown separately are Warrington £137k, Stoke £76k. Hull is the lowest English figure at £75k. House prices in Oldham and Rochdale have fallen around 18% in a year. The lowest London borough, Barking and Dagenham is £196k a fall of around 19%.
The number of houses sold is rising as well.
In September the average house price in Lancashire continued to fall at a rate of around three hundred pounds a month which is a lot better than year earlier. Also the number of houses sold has recovered from its trough early this year but is still well below its peak. You can feel that as 2 houses have sold near us after being on the market for a while.
We last moved house in a late January after making an offer in late November. We thought January wasn’t a bad month to move as we settled in and had time to plan for a spring redecoration.