Property prices in Ribble Valley

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Recent trends for prices in Ribble Valley

The latest figures from February 2024 indicate the property market in Ribble Valley continues to show rising price trends. Compared to January, 2024, average prices increased by 8% to £284,355. On an annual basis, average property prices have increased 9% since 12 months ago.

In terms of sales activity, there were 17 residential property transactions completed in Ribble Valley during February, 2024. Of these purchases, 8 were financed with a mortgage while 3 were all-cash sales. For cash buyers, average prices have changed by 7.9% since January, 2024, coming in at around £271,322. For properties purchased with a mortgage, the average price changed by 8% since January, 2024, to £292,963.

Compared to the overall picture in its national parent England, the average property price in Ribble Valley are lower than the current national average of £297,735. While Ribble Valley saw a change of 8% over the last month, England as a whole recorded a percentage change of 0.6% in average property values. And on an annual basis, prices across England have contracted by -1.1%, less than the 9% yearly change seen in Ribble Valley.

Interested in purchasing a property in Ribble Valley? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.

Average price in Ribble Valley by housing type

Prices last recorded in February, 2024

average

£284,355

detached

£440,409

flat

£174,850

semi-detached

£274,603

terraced

£208,474

Prices by housing type in Ribble Valley

Recent data shows that price growth has varied across different property types in Ribble Valley over the last year. For terraced houses, property prices changed by 7.9% between February 2024 and January 2024 to reach £208,474, and changed by 7.2% over the last 12 months. The annual change was less than the -1.7% change seen for terraced homes in England overall.

Meanwhile, semi-detached properties saw a rise in average prices locally, taking them to £274,603 in January 2024. This represents a 8.1% change from the same month last year.This is outperforming the 0.2% annual change in semi-detached values across the country.

Detached homes in Ribble Valley gained 8% month-over-month to reach an average of £440,409. Annually, detached property values have changed by 10.8%. This is stronger price growth compared to England's -0.5% change for detached houses over the year.

For apartments and flats, average prices increased by 7.2% between February and January 2024, hitting £174,850. Over the last 12 months, apartment values have changed by 5.3%, surpassing England's flat and apartment growth rate of -2.8%.

Overall, detached properties have seen the strongest price momentum locally over the past year, with a change of 10.8%, while flat properties lagged, with a change of 5.3%.

Recent purchases in Ribble Valley

According to data from HM Land Registry, there were 17 completed property purchases in the area of Ribble Valley in February 2024. Of these sales, 3 were recorded as cash purchases whilst 8 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by 9.2% and the percentage of properties purchased with cash has changed by 8.7%.

The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website

Looking for a specific property type?

Use one of the following links to find more specific information about the type of property you're looking for in ribble-valley.

Detached property prices in ribble-valley

Semi-Detached property prices in ribble-valley

Terraced property prices in ribble-valley

Flat & Apartment property prices in ribble-valley

First Time Buyer prices in ribble-valley

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