As we move into February, it's essential to take a closer look at the local property market trends observed in January 2026. This month has shown some intriguing patterns based on the analysis of 479 data points, and we at Deakin-White are here to provide you with a friendly and informative overview.
To start off, the average property price per square foot across the local market was £387 over the last six months. This figure suggests that properties are maintaining a steady value in our local areas, including Cheddington, Great Billington, Ivinghoe, Pitstone, and Wing. It's a promising sign for potential buyers and sellers alike, indicating a stable market devoid of unreasonable fluctuations.
In terms of overall property sale prices, the average stood at £356,075 in January. This figure encapsulates a variety of property types, from charming cottages to modern family homes. If you're considering selling your property, it's worth noting that these prices are reflective of a well-received market where buyers are active and investment opportunities are ripe.
The turnover of sales within the local market was at an impressive 67%. This means that a significant portion of properties listed for sale are finding buyers, demonstrating strong activity. Whether you're looking to move or are simply curious about the local market, this figure indicates that we are in an exciting period for real estate. The robust turnover can also be seen as an opportunity for buyers to take advantage of competitive pricing before potential increases in the market.
An important aspect to consider when entering the property market is mortgage rates. The average two-year fixed mortgage rate currently sits at 4.06%. This relatively stable rate provides prospective homeowners with a manageable entry point into ownership, which can be particularly beneficial for first-time buyers who may feel overwhelmed by the market dynamics. The impact of mortgage rates on affordability cannot be overstated, and understanding how they influence your purchasing power is crucial.
Household incomes in the local areas average around £55,400, which gives us an insight into the financial landscape of potential buyers. Knowing the average income levels can help gauge what type of property is within reach for many people in our community. With household incomes aligning with the average property prices, this creates a conducive environment for both buyers and sellers to negotiate fairly.
As we look into the specifics of January's data, it's clear that the local market remains robust and vibrant. The combination of stable property prices, an impressive sales turnover, competitive mortgage rates, and relatively strong household incomes provides a balanced situation for anyone looking to venture into the property sector in our local areas, which include Burcott, Clipstone, Cublington, Heath and Reach, and Stanbridge.
On that note, if you are considering moving or exploring the real estate market more deeply, now is an ideal time to reach out to us at Deakin-White. Our team is well-versed in the nuances of local property dynamics, and we would be happy to offer tailored insights based on your specific needs.
In conclusion, while January brought its share of activities and findings in the local market, we stand by ready to assist you in navigating your property journey. We are proud to be the only local member of The FIA, a network of high-quality independent estate agents in the UK, ensuring that you receive the best and most informed service possible. Please feel free to contact us for further information about the market or to request a market appraisal for your property. We're here to help!
