For 2016 details - South West Property Market 2016 

Story Highlights

• South West had total property sales of £30 Billions
• Across its counties the property sale was maximum in Devon at £4.4 Billions
• The number of properties sold in South West was 111,721 properties.
• The average sales price in South West was £265 K while median was £215 k.
• The average sales price across it counties was maximum in Poole at £345 K 
• New properties contributed 10.82% and not new property contributed 89.7% by value

South West is one of the 9 principal areas of England. It comprises of Bath and North East Somerset, North Somerset, Bristol,South Gloucestershire, Gloucestershire, Swindon, Wiltshire, Dorset, Poole,Bournemouth, Somerset, Devon,Torbay, City of Plymouth, Isles of Scilly, Cornwall.

Total Value of Sales By Property Types

South West had total property sales of £30 Billions. It contributed 10.03% of the England and Wales Property Market 2015.

The split across the different property types was :

• Detached at £11.64 billions (39.3%),
• Terraced at £6.81 billions (22.98 %) ,
• Semi-Detached  at £5.5 billions (18.56%),
• Flat/Masionette at £3.63 billions (12.25%),
• Other at £2.05 Billions (6.92%).

Total Sales By County 

 The total sales of £30 billions in 2015 was split across its counties as above.

• Devon at £4.4 Billions (14.85 %)
• Gloucestershire at £3.5 Billions (11.74%)
• Cornwall at £2.67 Billions (9%)
• Wiltshire at £2.64 Billions (8.91%)
• Dorset at £2.64 Billions (8.91%)
• Somerset at £2.62 (8.86%)
• Bristol at £2.44 Billions (8.24%)
• South Gloucestershire at £1.41 Billions (4.75%)
• Bath And North East Somerset at £1.2 Billions (4.06%)
• North Somerset at £1.19 Billions (4%)
• Poole at £1.15 Billions (3.88%)
• Bournemouth at £1.14 Billions (3.84%)
• Swindon at £1.09 Billions (3.68%)
• City of Plymouth £886 millions (2.99%)
• Torbay £674 millions (2.28%)
• Isle of Scilly £6.46 millions.

Total Number of Sales By Property Types

The total property sales of £30 Billions in 2015 was spread over 111,721 properties.

• Terraced properties at 33,011 (29.55%) ,
• Detached at 32,231 ( 28.85%),  
• Semi-Detached at 23,984 (21.47%),
• Flat/Maisonette at 20,744 (18.57%),
• Others at 1,751 (1.57%). 

Average & Median Sales Price

The average sales price in South West was 265 K. For the different property types it was

• Detached at £361 K
• Semi-Detached at £229 K
• Terraced at £206K
• Flat/Maisonette at £175 K
• Other it is at £1.17 million.

The median sales price in South West was 215 K. For different property types it was

• Detached £311 K,
• Semi-Detached £209 K,
• Terraced £180 K,
• Flat/Maisonette £147 K
• Other £325 k.

Average & Median Sales Price By County

The average sales price for the counties of South West are as above.

• The maximum was for Poole at £345 K
• followed by Isles Of Scilly at £340 K
• Bath And North East Somerset at £338 K
• Dorset at £299 K
• Bristol at £288 K
• Wiltshire at £281 K
• Gloucestershire at £277 K
• South Gloucestershire at £270 K
• Bournemouth at £259 K
• North Somerset at £256 K
• Devon at £248 K
• Cornwall at £243 K
• Somerset at £237 K
• Swindon at £230 K
• Torbay at £210 K
• with minimum for City of Plymouth at £186 K

The median sales price for the counties of South West are as above.

• The maximum median sales price was for Isles Of Scilly at £275 K,
• Bath And North East Somerset £268 K,
• Dorset £260 K,
• Poole £250 K,
• Wiltshire £230 K,
• South Gloucestershire £227 K,
• Bournemouth £220 K,
• Bristol £215 K,
• Gloucestershire £211 K,
• North Somerset £211 K,
• Devon £205 K,
• Cornwall £200 K,
• Somerset £192 K,
• Swindon £179 K,
• Torbay £175 K
• with minimum for City of Plymouth at £160 K.

New Vs Not New Property Statistics

By Sales Value

• The sales value contributed by New Property contribute £3.05 billions (10.3%)
• where as Not New Property contribute £26.57 billions (89.7 %).

By Number Of Sales

• Number of new properties sold were 11,963  (10.71%)
• where as not new property sold were 99,758 (89.29%).

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