🌆🏠 GRAVESHAM PROPERTY MARKET UPDATE - JULY 2024 🏠🌆
The Gravesham Property Market (DA11 & DA12). Here we look at data for new listings, sales and the time its currently taking to sell a property. Data up to July 31st, 2024 📅
📰 Headlines - DA11 & DA12
📋 Listings
📉 Listings for last Month (July 2024) increased by 27% when compared to July 2023 (from 102 to 130).
📈 Accumulative Total Gross Listings YTD (945) are 7.5% higher than 2023 YTD levels and 15% higher than 2022.
📊 This year's YTD listing stand at 945, which is 9% higher than the historical 3-year YTD average of 864 properties.
💷 The average asking price in Gravesend, for ALL property types, at July 2024: £355,237 (an increase of 3% when compared to July 2023).
🏡 The average asking price in Gravesend, for a Detached property, at July 2024: £623,884 (a decrease of 5% when compared to July 2023).
🏘️ The average asking price in Gravesend, for a terraced property, at July 2024: £348,728 (an increase of 6% when compared to July 2023).
💰 Sales
📈 Total Accumulative Gross Sales YTD (729) are 8% higher than 2023 YTD levels and 1.2% lower than 2022 levels.
🏡 Gross Sales for June: 110 properties were sold STC in July, a whopping 42% increase from last July's figures (77) and a 1.7% decrease from last month's Gross Sales figures (112).
📉 Total accumulative Gross Sales YTD stand at 729, which is 5% below the YTD average of the last 3 years of 767 (2023/22/21).
⏳ Overall time to sell (over the last 90 days)
⏱️ Average selling time – 96 days (an increase of 5 days on last month).
⏱️ Median selling time – 49 days (an increase of 6 days on last month).
This represents the actual time taken from a property coming onto the market to reaching a ‘sold status’ on the portals.
If you have any questions or need further assistance, do not hesitate to contact the team.
We are here and ready to help.
📞 01474 321 957
📧 sales@mandmprop.co.uk
📧 lettings@mandmprop.co.uk