House prices continue to grow in North Somerset

PUBLISHED: 07:58 28 November 2019

Pricing your home realistically will give you a better chance of selling.

Pricing your home realistically will give you a better chance of selling.

© I-Wei Huang, All Rights Reserved

House prices in North Somerset are continuing to rise, despite a slight slump in the UK average this autumn.

The average price of a home in the district has climbed to £274,732, according to the Land Registry's latest figures for September.

It represents an increase of 2.4 per cent since August, compared with a 0.2 per cent drop in the nationwide average.

Over the past year, the average sale price of property in North Somerset rose by about £7,600 - putting the area seventh among the South West's 36 local authorities for annual growth.

The biggest rise in the region was in South Hams - near Plymouth and Torquay - where properties increased on average by nine per cent, to £330,000.

At the other end of the scale, properties in West Somerset dropped 4.8 per cent in value, giving an average price of £221,000.

Become a supporter

This newspaper has been a central part of community life for many years, through good times and bad. Coronavirus is one of the greatest challenges our community has ever faced, but if we all play our part we will defeat it. We're here to serve as your advocate and trusted source of local information.

In these testing times, your support is more important than ever. Thank you.

Most Read

Most Read

Latest from the Weston Mercury