Worcestershire Property Market 2015

 Story Highlights

  • Worcestershire had total property sales of £2.6 billions in 2015.
  • The total number of properties sold in 2015 in Worcestershire was 10,718
  • The total volume of sales at district level was maximum for Wychavon at £671 millions
  • The average sales price in Worcestershire was £244 K, whereas median was £195 K
  • The average sales price at district level was maximum for Bromsgrove at £287 K
  • Similarly the median sales price at district level was maximum for Bromsgrove at £240 K
  • New Property sales in Worcestershire contributed 14.94% and Not New Property contributed 85.06%

 

Worcestershire is one of the counties of West Midlands Region. The districts of Worcestershire are Wychavon, Bromsgrove, Worcester, Malvern Hills, Redditch and Wyre Forest.

 

 

 Total Sales By Districts

Worcestershire -  Total Sales By Districts

Worcestershire had total property sales of £2.6 billions, which was 14.05% of the West Midlands Property Market 2015.

 The split across its districts is as follow:

  • Wychavon at £671 millions (25.7%)
  • Bromsgrove at £527 millions (20.17%)
  • Worcester at £444 millions (17%)
  • Mavern Hills at £340 millions (13%)
  • Redditch at £315 millions (12.08%)
  • Wyre Forest at £315 millions (12.06%)

 

 

Total Sales By Property Type

Worcestershire - Total Sales By Property Type

The split of £2.6 billions across the different property types in Worcestershire are :

  • Detached at £1.26 billions (48.21%)
  • Terraced at £410 millions (15.69%)
  • Semi-Detached at £581 millions (22.26%)   
  • Flat/Maisonette at £150 millions (5.74%) 
  • Other at £212 millions (8.1%)

 

 

Total No Of Properties Sold By Property Type

Worcestershire - Total No Of Properties Sold By Property Type

The total property sales of £2.6 billions in 2015 was spread over 10,718 properties.

  • Terraced properties at 2522 (23.53%)
  • Detached at 3828 (35.72%)
  • Semi-Detached at  2991(27.91%)
  • Flat/Maisonette at 1163 (10.85%)
  • Others at 214 (2%)

 

 

Average & Median Sales Price

Worcestershire - Average & Median Sales Price

The average sales price in Worcestershire was £244 K. For the different property types it was:

  • Detached at £329 K
  • Semi-Detached at £194 K
  • Terraced at £163 K
  • Flat/Maisonette at £129 K
  • Other at £989 K

 

Similarly median sales price in Worcestershire was £195 K. For the different property types it was:

  • Detached at £290 K
  • Semi-Detached at £180 K
  • Terraced at £150 K
  • Flat/Maisonette at £117 K
  • Other at £336 K

 

 

Average & Median Sales Price By Districts

Worcestershire - Average Sales Price By Districts

The average sales prices at district level in Worcestershire for 2015 is as follows:

  • Bromsgrove at £287 K
  • Malvern Hills at £264 K
  • Redditch at £223 K
  • Worcester at £226 K
  • Wychavon at £267 K
  • Wyre Forest at £185 K

 

Worcestershire - Median Sales Price By Districts

The median sales prices at district level in Worcestershire for 2015 is as follows:

  • Bromsgrove at £240 K
  • Malvern Hills at £223 K
  • Redditch at £165 K
  • Worcester at £180 K
  • Wychavon at £228 K
  • Wyre Forest at £155 K

 

 

New Vs Not New Property Statistics

Worcestershire - New Vs Not New Property Statistics

By Sales Values the split is as follows:

  • New Properties contributed £390 millions (14.94%) 
  • Not New Property contributed £2.22 billions (85.06%)

 

By Total Number the split is as follows:

  • New properties sold were 1513 (14.12%)
  • Not new property sold were 9,205 (85.88%)

 

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