In the property market, there is a need to think locally, and nationally. At Anthony Jones, we care about the North East of the country. This is our home, and it is where we help clients. Therefore, we spend a lot of time considering how the local market is faring.
However, it is also crucial we spend time studying the national market, and seeing what is happening across England. Everything is connected, and changes in one area can impact demand or movement in another.
If you are looking to be fully informed about what is happening in the 2023 housing market, rely on us.
North East asking prices rising
According to Rightmove, the North East of England’s housing market is shaping up like this at the start of 2023:
- Average asking price Jan 2023: £179,673
- Monthly change: +1 %
- Year-on-year change: +8.7%
- Average time to sell: 49 days
Rightmove states the North East of England is the least expensive part of England to purchase a property. The asking price in this part of the country is around half of the national average.
Wynyard is changing every month
Of course, if you solely focus on the North East as a single entity, you miss out on so much that the local area has to offer. There is nothing average about Wynyard, and this is seen in the information provided by Rightmove for the local area:
“Properties in Wynyard had an overall average price of £377,711 over the last year.
The majority of sales in Wynyard during the last year were detached properties, selling for an average price of £428,433. Flats sold for an average of £172,500, with semi-detached properties fetching £200,000.
Overall, sold prices in Wynyard over the last year were 13% down on the previous year and 14% down on the 2013 peak of £437,860.”
As you can see, while property prices across the North East have risen in the past year, in Wynyard, they have dropped. If you are looking to sell your home soon, this isn’t great news for residents, but on the whole, there is a lot to be optimistic about when it comes to the Wynyard housing market.
This is a changing area, and many new developments are offering opportunities for willing buyers. There is also more on offer for locals, making the place an even more attractive one. We cover a number of areas, but we know there is something special about Wynyard, and this is likely to be one of the most important property market destinations in the North East for some time.
Contact Anthony Jones for all Wynyard property matters
If you are looking for help with any matter of the Wynyard property market, it is best to speak to property professionals. No one knows for sure what is going to happen next, so we won’t claim to have all the answers, but the Anthony Jones team is keen to help you as best we can. If you would like to contact us over housing matters, please call us today on 01325 776424.
