Only 1.9% of Aylesbury Homes Are For Sale

The Aylesbury Property Market continues to disregard the end of the world prophecies of a post Brexit fallout with a return to business as usual after the summer break.  

The challenge every Aylesbury property buyer has faced over the last few years is a lack of choice – there simply has not been much to choose from when buying (be it for investment or owner occupation). Levels are still well down on what would be considered healthy levels from earlier in this decade, as there is still a substantial demand/supply imbalance. Until we start to see consistent and steady increases in properties coming on to the market in Aylesbury, the market is likely to see upward pressure on property values continue. 

However, there may be hope for first time buyers, with homeowners looking to move upmarket and buy to let landlords looking for their next investment, the Aylesbury property supply just might be starting to ease, as the number of new properties coming onto the market in Aylesbury has increased.

For example, last month HP21 saw 89 new properties coming on to the market, for some months last year the average was in the low 40’s. With the average Aylesbury property value hitting a record high, reaching almost £359,300 according to my research, this shortage of properties on the market over the last two years has contributed to this ‘fuller' average property figure, but there is a glimmer of hope that  Aylesbury's supply may be starting to ease. 

As I write this article, 1.99% of Aylesbury properties are up for sale. That equates to 474 properties on the market in Aylesbury (within 2 miles of the centre of Aylesbury) – which, when compared to only a year ago when that figure stood at 306, is a serious increase in the number of properties available to buy. Split down into the type of property... 

·         Detached Properties in Aylesbury  - 60 on the market a year ago compared to 81 on the market now – an increase of 35%

·         Semi Detached Properties in Aylesbury - 81 on the market a year ago compared to 158 on the market now - an increase of 95%

·         Terraced Properties in Aylesbury - 61 on the market a year ago compared to 96 on the market now - an increase of 57%

·         Flats / Apartments Properties in Aylesbury  - 94 on the market a year ago compared to 114 on the market now - an increase of 21% 

With realistically priced properties flying off the shelves and this increase in new properties (especially semis), this is evidence of strength in the Aylesbury housing market that many did not expect. Many believed that the Aylesbury property market was not going to be strong enough post Brexit - as what was a sellers' market before the Brexit vote and Buyers' market in the early months after it, may now be somewhere in between and the market might just be coming back into balance.

 

However, all this will mean property values will not continue to grow at the same extent they have been over the last 12 to 18 months, and in some months (especially on the run up to Christmas and early in the New Year), values might dip slightly. This will not be down to Brexit but a re-balancing of the Aylesbury Property Market – which is good news for everyone.