Average House Prices in Leeds for the end of July 2020
If you own a house or flat that you want to sell, then average house prices could be a good place to start. The best place to get average house prices is a property sales website such as Rightmove or Zoopla. But, to save you the time, Sell My House Quickly Leeds will give a very quick rundown for July 2020.
In July 2020, Rightmove reported average house prices in Leeds were £202,802 year on year. The majority of sales by property type were semi-detached houses, which sold for an average price of £211,737. Interestingly, when compared to the June 20 figures, terraced houses sold for an average price of £152,955 and flats for £150,383. This shows a complete change in buying habits with flats going out of favour. This is most likely due to the effects of coronavirus. More people are looking for properties with some outdoor space, which is hard to come by with flats.
What is happening to average prices of flats?
Flats have become much less popular due to the effects of coronavirus. Where before, people would buy flats because they were usually closer to city centres for less than a house. However, because the country has been on lock-down, flats are falling out of favour as people want some garden or outside space to relax in, rather than being stuck indoors. This could mean that if you want to sell a flat quickly in Leeds it may take longer to sell than you hoped.
In July 2020, Zoopla reported average house prices in Leeds were £217,415. This is quite different to the estimate given by Rightmove but both show a short term increase in prices. Also, Zoopla reports average prices for terraced houses are still lower than that of flats at £151,033. Interestingly, this is much closer to the Rightmove estimate compared to their June 20 figures. Flats came in at an average price of £159,584. This is significantly different to RightMove who showed a decrease in flat prices where as here, Zoopla have recorded a 5.5% increase.
There is always some variation in the data provided by big property selling websites such as Rightmove and Zoopla because they will have slight differences in how they collect and analyse their data to give average house prices. However, this can still be an informative guide on where to start with valuing your own house or flat and also, giving you an idea of what is happening in the Leeds property market. If you would like us to give you a FREE valuation on your house or flat contact us today.