As we step into the New Year, it's the perfect time to reflect on the state of our local property market this past December. Here at Deakin-White, we're dedicated to keeping you informed about the property landscape in our beloved area, which includes Dunstable (East including Woodside Estate), Bidwell, Chalgrave, Fancott, Harlington, Houghton Regis (including Townsend Industrial Estate), Thorn, and Toddington.
December saw a mix of trends, with the average property sale price resting at £334,587. This number reflects a stable market as we approach the colder months. It's worth noting that despite potential distractions from holiday festivities, there has still been significant interest in buying and selling properties.
When it comes to the average price per square foot, we recorded an average of £361 over the last six months. This figure showcases the value being seen across different property types within the local market. The consistency suggests that potential homeowners can still find appealing options at reasonable prices, even as winter sets in.
The turnover of sales during December reached 20%, a figure that demonstrates a healthy level of activity, particularly since many people may consider taking a break from house-hunting to celebrate the festive season. This suggests that motivated buyers and sellers within the local property market are finding ways to make their transactions work, indicating solid confidence in property investments.
Turning our attention to financing, the average two-year fixed mortgage rate currently stands at 4.19%. This relatively stable figure is providing clarity for prospective homebuyers. With rates holding steady, many are seizing the opportunity to secure their mortgages, especially given the average household income of £49,100 in our area. This income level plays a significant role in determining affordability for potential buyers, as it directly influences the maximum mortgage they can apply for, hence impacting the local market's buying power.
While some may perceive winter as a quieter time for buying and selling properties, December has proven otherwise. The activity we've witnessed is encouraging, and we anticipate that this momentum could carry into the spring months. Seasonal trends indicate that many families prefer to make moves in the new year, often seeking to settle before the start of the new school term. Our local market is well-positioned to meet this demand.
With all these data points in mind, we understand there may still be uncertainties for some about how to navigate the current market. Whether you are considering selling your home or looking to purchase, having a reliable agent can make a significant difference. That's where we come in at Deakin-White. Our experience and knowledge of the local market ensure that you'll receive the guidance you need to make informed decisions, tailored specifically to your circumstances.
As we look ahead, we encourage all local homeowners and prospective buyers to keep an eye on trends while remaining aware of individual goals. Our team is here to support you through every step of the process, offering insights and practical advice as you move forward with your property journey.
In conclusion, the local property market remains resilient and full of potential as we usher in 2026. At Deakin-White, we are proud to be the only local member of The FIA, a network of high-quality UK independent estate agents. This affiliation grants us exclusive access to market insights and best practices that enhance our services for you. If you would like further information about the market or to request a market appraisal for your property, please don't hesitate to reach out to us. Happy New Year, and may it be filled with opportunities for you in the property market!
