LU7 MARKET UPDATE
As we look back on September 2025, the local property market has shown some intriguing trends worthy of discussion. With the return to school and the slight cooling of summer, we witnessed a healthy flow of activity across the various local areas, including Leighton Buzzard, Wing, Hockliffe, Ivinghoe, Mentmore, and Pitstone.
Analysing 415 recent data points, the average price per square foot in the local market over the last six months was £385. This number reflects a competitive landscape for buyers and sellers alike, indicating a solid demand for property in our favoured local areas. Sellers seem to have been taking advantage of this trend, as the average property sale price for September stood at £357,776. This robust figure is indicative of the strong interest that continues to fuel the market.
Interestingly, our turnover of sales for the month reached 45%. This clearly demonstrates that, while buyer activity remains steady, it is matched by the homes available for purchase, creating a balanced and positive atmosphere for both parties. For those thinking about putting their homes on the market, this statistic is encouraging. It suggests that your property could sell quickly, provided it is presented well and priced accurately.
Alongside these figures, we observed the average fixed mortgage rate, which is currently sitting at an attractive 4.25% for two-year deals. This rate allows potential buyers to plan future finances with better predictability, an appealing prospect in today's market. Mortgage rates play an essential role in shaping the housing landscape, and with rates relatively stable compared to the volatility experienced in the past few years, prospective buyers may feel more inclined to make a move.
Let's delve a little deeper into the local market's health by also considering the average household income, which is pegged at £55,400. This figure aligns well with the average property sale price, reinforcing the notion that there's a viable pool of buyers who have the means to pursue home ownership within our local areas. For many families, this compatibility between incomes and property values suggests stability, indicating that the local market is not only thriving but doing so with a robust underpinning.
In terms of community livability, our local areas continue to attract individuals and families, thanks to the blend of attractive amenities, schools, parks, and recreational opportunities available. Whether it's a move to the tranquillity of Mentmore or the familial charm of Leighton Buzzard, prospective buyers can find a variety of environments that perfectly suit their lifestyles.
As we transition further into autumn, we see the potential for new listings to emerge. The upcoming months often yield a surge of activity as buyers prepare for the winter holiday season while sellers capitalize on the swathes of families contemplating a move before the year wraps up. Historically, this period coincides with an increase in viewings and interest, which can lead to competitive bidding scenarios – an essential consideration for sellers looking to prompt an immediate sale.
The prospect of rising interest rates in the future may encourage buyers to act sooner rather than later. Those grappling with financial planning and contemplating a mortgage will benefit from keeping a close eye on the market trajectory. We recommend that any potential buyers work closely with mortgage advisors to ensure they are prepared to make timely decisions.
For current homeowners contemplating an upgrade or a change of pace, the current market dynamics are certainly in your favour. With the average property sale price showcasing strong figures, now might be the opportune moment to seize the moment. Selling in a market that demonstrates a solid turnover allows homeowners to leverage their existing properties to upgrade, downsize, or even relocate to different local areas.
It's also important to note the significance of proper valuation and marketing when selling a property. A well-priced home is likely to attract more interest, resulting in quicker sales and potentially higher offers. The need to engage with a knowledgeable local agent who understands the local market nuances, like us at Deakin-White, cannot be overstated. We are dedicated to ensuring our clients achieve the best possible outcomes in their property transactions.
As the only local member of The FIA, a prestigious network of high-quality UK independent estate agents, we take pride in the connections we have fostered throughout our community. This affiliation not only enhances our service offering but also ensures our clients have access to the latest market insights and best practices.
In conclusion, September has presented a market defined by steadiness and opportunity. Whether you're looking to buy, sell or simply gather more information about the local market, we're here to assist. For further information about the market or to request a market appraisal for your property, please don't hesitate to reach out to us at Deakin-White.
