Is it time to sell your home in Gainsborough with Mundys?
Property values and sales in the Gainsborough area during the first six months of 2016
Thinking of selling your home? Let’s take a look at the stats of the average values and sales in the Gainsborough area, up to June 2016. Statistics show that detached houses in the area are selling two months faster than this time last year! They are also selling one month faster than similar homes in Lincoln!
Houses in Gainsborough - the numbers
Detached homes in the Gainsborough area are currently selling 27% faster than last year. Market reports show detached properties are taking an average of 170 days to sell (compared to 234 days in 2015). This makes it an excellent time to sell your home. It’s not only detached homes that are moving fast. Terraced houses sold 11% faster in June 2016, spending an average of 27 days less on the market (compared to June 2015). In fact, if we look at the last 66 properties which sold in Gainsborough, they took an average of just 134 days to sell. An amazing result for any seller! Here at Mundys, we believe this makes it the best time to take advantage of the housing market. This is why we have decided to expand our award winning services into the Gainsborough area. Still not sold? (Excuse the pun). To top it all off, the average asking price for detached houses and flats has increased as well. The current average asking price for detached properties in Gainsborough is an incredible £270,000.
Brexit Uncertainties in the Gainsborough House Market?
With the confirmation of Brexit only a few weeks ago, it’s safe to say there has been some uncertainty. Fear not! Our team of experts expect the property market to continue moving forward throughout Lincolnshire. The Land Registry statistics prove that both supply and demand are high within Gainsborough. We believe the property market will continue to improve throughout Lincolnshire. Especially with the upcoming housing developments in Gainsborough. Developments such as the proposed Riverside plans on Carr Lane. This is the time to get your house sold and Lincolnshire’s best estate agents are here to help.
Book your FREE valuation with Mundys and our multi award winning team now.
DN21 in focus
The average property price for DN21 is £136,629. That’s 21.8% cheaper than the rest of the country, making Gainsborough a desirable location. Despite this, the market has shown impressive growth with homes worth around £10,000 more, on average, than in the first quarter of 2010.
Sales holding steady
In the first quarter of 2016, 144 homes were sold. A 16.7% increase on the same time in 2015.
As we head into the second and third quarters, we expect sales levels to rise like they have in
previous years. Detached homes are the most popular – making up 609 of the 1,442 properties
Of the properties in Gainsborough; more than half are owned, either outright or with a mortgage.
Social rented properties are the 2nd most common, usually from the council. Finally, 11.6% of
properties are privately rented, the majority of which are from a landlord or letting agency.
Book your FREE valuation with Mundys and our multi award winning team