Helping you make the right move

KPS Market Report

In the last 6 months;

We’ve agreed deals on £3.85m of homes,

We’ve exchanged & completed on £2.95m,

We’re running out of houses to sell. 4 sales agreed so far this month, after a very strong February too. But need more stock - if you have a house, cottage, farm or mansion to sell in Newry, Mourne & Down or beyond please let me know.

We have the buyers!

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The NI House Price Index Results outlined below for the most recent quarter (October - December 2018), these figures confirm what we have been experiencing in branch have also been replicated across the province.

·         Between Q3 (July - September) 2018 and Q4 (October - December) 2018 the house price index increased by 1.3%;

·         Between Q4 2017 and Q4 2018 the house price index increased by 5.5%;

·         5,736 residential properties sold during Q4 2018;

·         The house price index is now 23.2% higher than Q1 2015 (the reference period);

·         Ten of the eleven NI district council areas showed an increase over the quarter.

 

The Index value for Q4 2018 for NI as a whole is 123.2 and ranges from 114.3 in Ards and North Down to 132.3 in Derry City and Strabane. The standardised price for NI as a whole is £136,669 and ranges from £120,699 in Armagh City, Banbridge and Craigavon to £160,834 in Lisburn and Castlereagh.

Our own district Newry, Mourne and Down has continued to perform above average with its latest index value 126.1. This shows a 1.3% increase on the previous quarter and a 6.2% increase over 12 months leaving an average selling price for the district at £141,824.