As we step into the New Year, it's time to reflect on the local property market performance for January 2026, particularly focusing on areas such as Ampthill, Clophill, Flitwick, Silsoe, and Westoning. The data we've gathered over the past month offers valuable insights that can guide potential buyers, sellers, and investors in making informed decisions.
Analyzing a total of 322 data points, we observed that the average price per square foot in the local market over the last six months stood at an impressive £407. This figure gives a clear indication of the property's value in our area, highlighting the strong demand for housing despite the fluctuations in the economic landscape.
The average property sale price for January was recorded at £391,788, which is reflective of the ongoing trend in our local market. This figure underscores the potential for property appreciation in a landscape where demand continues to outstrip supply. The residential property market in our local areas remains robust, suggesting that those considering selling might find themselves in an advantageous position.
Interestingly, the turnover of sales in January was measured at 35%. This figure represents a positive aspect of the local market, indicating a good level of activity among sellers and buyers alike. This activity also suggests that properties are not lingering on the market for extended periods, which often leads to increased competition and could drive prices higher.
One of the most pivotal factors influencing the housing market is mortgage rates. Currently, the average two-year fixed mortgage rate is sitting at 4.06%. For prospective buyers, this presents a significant consideration. Though rates have fluctuated over recent months, a stable rate under the 4.1% threshold reflects an encouraging environment for those looking to purchase a home. For many buyers, understanding their mortgage options and navigating these interest rates can be pivotal in making informed decisions around purchasing property.
Moreover, it's essential to consider household income as it plays a crucial role in defining purchasing power within the local market. The average household income has been recorded at £54,700, which provides a foundational understanding of affordability in relation to property prices. For potential buyers, comparing earnings to the local average property price will help illuminate how accessible the market may be for first-time buyers versus those looking to upgrade or invest.
The mix of these factors demonstrates a resilient local property market, albeit with nuances that buyers and sellers should consider. We advocate for potential buyers to conduct thorough market research before committing to a property, as the local market can show significant variation from one area to the next.
As we move further into 2026, our team at Deakin-White is committed to being a trustworthy resource for those navigating the local property scene. Whether you're contemplating selling your property, exploring homeownership for the first time, or investing in the local real estate market, we are here to assist you. Understanding the intricate elements of the current market can empower you to make sound real estate decisions.
As proud members of The FIA, we stand out as the only local representatives of this network of high-quality UK independent estate agents. Our affiliation with The FIA further underpins our commitment to offering exceptional service, insight, and expertise in the property market, ensuring that our clients receive the best possible experience.
If you would like to discuss the local property market further or wish to request a market appraisal for your property, please do not hesitate to reach out to us at Deakin-White. Your property journey is important to us, and we're here to support you every step of the way.
