Market Update Executive Homes in Northamptonshire NN14 April 2022
The state of the market in NN14 this month?
In the past year, NN14 has seen a lot of activity, with a total of 519 properties progressing through to completion within the last 12 months.
Properties in NN14 had an overall average price of £301,871 over the last year.
The majority of sales in NN14 during the last year were detached properties, selling for an average price of £409,955. Semi-detached properties sold for an average of £234,011, with terraced properties fetching £200,269 and flats at an average of £116,773.
Overall, sold prices in NN14 over the last year were 18% up on the previous year and 31% up on the 2015 peak of £230,949.
There is a total of 615 properties on the market, of which 430 are SSTC, with only 186 available. However, when we look at luxury property, starting at £500,000, the availability drops significantly.
Northamptonshire has benefitted from strong growth over the last 18 months, with NN14 being at the forefront of the market. With rolling countryside, easy access to arterial road networks and an abundance of beautiful villages, it remains a favourite for those looking to move to a quiet location, with easy access to rural and urban locations.
As with many other parts of the country, there is a significant fall in available property on the market, which continues to ensure that NN14 clearly remains a seller’s market.
However, as the market stabilises, the figures suggest that the market will gradually settle down, ensuring that property prices will continue to remain strong, well in to the Q1/Q2 2023.