As we step into the new year, it's a great time to reflect on the performance of the local property market in St Albans throughout December 2025. December has generally been a month of contemplation and planning, and this year was no exception.
We analysed 183 data points, which gives us a pretty comprehensive overview of the market trends. Notably, the average price per square foot in the local market has been £628 over the last six months. This figure is pivotal for both buyers and sellers as it provides a clear benchmark for pricing properties effectively.
December also brought with it an average property sale price of £534,046. This figure signifies a stable market where property values are holding firm, despite the usual seasonal lulls. For homeowners contemplating selling in the new year, this is encouraging news; prices remain robust, reflecting greater buyer confidence.
The turnover of sales in December was 17%. While this may seem modest, it's worth considering the broader context. Many potential buyers and sellers may have paused their activities during the festive season. Consequently, a turnover rate that reflects such activity indicates that buyers remain active, showing interest and engagement in the market, which bodes well for early 2026.
In terms of financing, the average two-year fixed mortgage rate currently stands at 4.19%. This rate is crucial for buyers, as it impacts monthly repayments and overall affordability. For those looking to buy, it's vital to keep an eye on these rates, as they can fluctuate throughout the year. Nevertheless, a fixed rate offers the comfort of predictable payments, which can ease budgetary planning.
On the financial side, it's noteworthy that the average household income in the local market is at £69,100. This statistic plays an essential role when understanding who is likely to be engaging in the property market. A higher average income allows buyers to access a wider range of properties, contributing to a more robust market where various home types remain in demand.
Reflecting on these data points from December, we can see several indicators of confidence within the local market. The steady price per square foot, alongside the average sale prices and active turnover, suggest a foundation of stability despite external economic pressures. Buyers appear undeterred, eager to find their ideal home as they enter the new year.
As we move forward, it will be interesting to see how the sorting of the market dynamics plays out in the coming months. Will we observe an increase in listings as more sellers venture onto the market? Or will buyer demand continue to exceed supply, compressing available homes? These questions linger, but the positive economic indicators suggest that we might be in for a stimulating spring market.
It's important for both potential buyers and sellers to stay informed. Regularly reviewing the trends in property prices, mortgage rates, and household incomes can significantly impact decision-making. Larger organisations and groups often provide valuable insight, but there is something to be said about local expertise. The property market can be intricate, and understanding the nuances of St Albans specifically provides a distinct advantage.
If you're contemplating buying or selling, know that we are here to help navigate through these decisions with you. As the only local member of The FIA, an esteemed network of high-quality independent estate agents across the UK, we pride ourselves on our local knowledge and commitment to our clients.
Please don't hesitate to reach out to us for further information about the local market or to request a market appraisal for your property. We're excited for what 2026 holds and look forward to assisting you on your property journey!
