Burgess Hill Property Market Sees An Unpredicted Autumn Boost of 175%.

Well, it doesn’t seem like two minutes ago that it was Christmas – and now it’s all over! One cold December morning, after arranging the office’s Christmas cards I thought I would nip out for a quick festive coffee in Quench in Burgess Hill high street.  I met an old client of mine in Quench and we got talking about the Burgess Hill property market. I had just completed my research for my next blog article and I would like to share with you the parts of the conversation relating to the Burgess Hill property market.

He asked me what my thoughts were about the last half of the year in regard to the Burgess Hill property market and if there were any great buy to let deals around. In reply I said that, in my view, shrugging off the uncertainty of the initial post Brexit vote, I have seen an increase in supply and a rise in the number of properties selling at the lower to middle end of the market, meaning both first time buyers and buy to let landlords have been returning in the last few months – proof the market is beginning to bounce back.

So let’s look at the numbers;

In November 2016, according to the three main property portals (Rightmove, Zoopla and OnTheMarket) there were a total of 231 properties for sale in Burgess Hill (within 2 miles of the centre of Burgess Hill to be exact). In November 2015, there were only 84 properties for sale, a rise of 175%.

When I split it down into bedrooms (note things like building plots and part commercial/part residential etc. won’t be in these figures so the numbers below wont exactly match up to those in the above paragraph).

	# Properties on the market in Nov 2015	# Properties on the market in Nov 2016	Per cent Change
5+ Bedrooms	16	19	+19%
4 Bedrooms	29	86	+197%
3 Bedrooms	21	70	+233%
2 Bedrooms	13	43	+231%
1 Bedroom	4	13	+225%

 

Then when I looked at type of properties, it got even more interesting;

Type of Property	# Properties on the market in Nov 2015	# Properties on the market in Nov 2016	Per cent Change
Detached	41	105	+156%
Semi	17	70	+312%
Terraced	6	13	+117%
Flat	11	35	+218%

As the number of Burgess Hill properties put up for sale has soared by 175%, homeowners have become more realistic about how much their homes are worth. This increase in homeowners wanting to sell suggests there is renewed confidence in the Burgess Hill property market and there are also signs that people are being more realistic about pricing their property.

As you can see, there has been a significant uplift in flats and semi-detached properties, which means there is greater choice for first time buyers and landlords. So with a combination of realistic pricing and more properties on the market – both first time buyers and landlords alike might be able to pick up a few bargains!