This article makes use of the latest data from Property Solvers (house buying firm) which covers September 2018 to September 2019.
The data used tracks properties from the moment they're listed on RightMove and follows the process until the property is marked as sold at HM Land Registry.
Average price change considers the fact that in many cases, properties don't sell for the price that they are advertised at. The data used therefore focuses on the difference between the advertised price, and the price of the final sale.
Key findings are as follows:
Quickest Area of Sale – YO10, YO24 and YO32 (16 weeks) – Properties in these post codes sold in the quickest amount of time, with the area that had the smallest average difference between asking and selling price (-£6,560) being YO32.
Second Quickest Area of Sale – YO23 and YO31 (17 weeks) – These two areas slightly edged neighbouring areas in York whilst at the same time achieving an extremely similar average difference between asking and selling price (-£7,233 and -£7,285 respectively)
Slowest Area of Sale – YO1 (20 weeks) – This is unsurprising as out of all the post codes analysed, this is the area that is furthest from the city centre and therefore may be less appealing to people searching for property in York.
Smallest Average Price Change – YO30 (-£6,037) – but is biased based on the fact that the data only accounts for one property. In terms of reliable data, YO10 is the area that has the smallest average price change comparing the asking price to the sale price achieved.
