For 2016 details - West Midlands Property Market 2016 

Story Highlights

• West Midlands had total property sales of £19 Billions in 2015
• The number of properties sold was 88,925 properties
• The average property price was £209 K and the median was £160 K
• The sales price at the county level was maximum at Warwickshire £262 K 
• New properties contributed 11.34% by sales value and not new 88.66%

West Midlands is one of the 9 principal areas of England. It comprises of Herefordshire, Shropshire, Telford and Wrekin, Staffordshire, Stoke-on-Trent,Warwickshire, West Midlands county , Worcestershire. 

Total Value of Sales By Property Types

West Midlands had total property sales of £19 billions. It contributed 6.3% of the England and Wales Property Market 2015.

The split across the different property types was

• Detached at £7.06 billions (37.16%)
• Semi-Detached at £4.74 billions (24.95%)
• Terraced at £3.71 billions (19.5 %)
• Other at £1.77 billions (9.31%)
•  Flat/Maisonette at £1.31 Billions (6.9%)

Total Sales By County 

The total sales of £19 billions in 2015 was split across its counties as above.

• West Midland county at £7.33 billions (39.43%),
• Warwickshire at £2.86 billions (15.38%),
• Staffordshire at £2.82 billions (15.15%),
• Worcestshire at £2.6 billions (14.05%),
• Shropshire at £1.2 billions (6.48%),
• Herfordshire at £729 millions (3.92%),
• Telford And Wrekin at £531 millions (2.86%),
• Stoke-On-Trent at £507 millions (2.73%).

Total Number of Sales By Property Types

 The total property sales of £19 billions in 2015 was spread over 88,925 properties.

• Semi-Detached  at 27,908 (31.38%) 
• Terraced at 26,016 (29.26%)
• Detached at 23,093 (25.97%)  
• Flat/Maisonette at 10,164 (11.43%)
• Others at 1,744 (1.96%)

Average & Median Sales Price

The average sales price in West Midlands was £209 K. For the different property types it was

• Detached £306 K
• Semi-Detached £170 K
• Terraced £143 K
• Flat/Maisonette £129 K
• Other it is £1.02 million.

The median sales price in West Midlands was £160 K. For the different property types it was

• Detached £265 at K
• Semi-Detached at £155 K
• Terraced at £127 K
• Flat/Maisonette at £115 K
• Other it is at £300 K

Average & Median Sales Price By County

The average sales price at the county level in West Midlands 2015 is as above.

• The maximum was at Warwickshire £262 K
• Herefordshire at £244 K,
• Worcestershire at £244 K,
• Shropshire at £220 K,
• Staffordshire at £201 K,
• West Midlands county at £194 K,
• Telford And Wrekin at £170 K
• with minimum of Stoke-On-Trent at £131 K.

The median sales price at the county level in West Midlands 2015 is as above.

• The maximum was for Warwickshire at £210 K,
• Herefordshire at £205 K,
• Worcestershire at £195 K,
• Shropshire at £180 K,
• Staffordshire at £160 K,
• Telford And Wrekin at £146 K,
• West Midlands county at £143 K
• with minimum for Stoke-On-Trent at £96 K.

New Vs Not New Property Statistics

By Value Of Sales

• The sales value contributed by New Property was £2.11 billions (11.34%)
• where as Not New Property contributed £16.5 billions (88.66 %).

By Number Of sales

• New properties sold were 9,101  (10.23%)
• where as not new property sold were 79,824 (89.77%).

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