Have you ever wondered which postcodes in Bournemouth sell the fastest?
On average it takes just 91 days for a property in BH1, the East Cliff area, to sell - making it the fastest in the region, according to a new study.
Professional house buying firm Property Solvers’ speed of sale tool has revealed that it’s taking an average of 16.5 weeks to sell a property in the BCP (BH) postcodes.
Updated monthly, the latest dataset analysed more than 1,029 property sales across the region between March 2020 and March 2021.
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The statistics track the moment a property is listed on the UK’s largest property portal Rightmove to the point it is marked as officially ‘sold’ at the HM Land Registry.
Properties were selling the slowest in Alum Chine and Westbourne - the BH4 postcode - with homes in this area taking 172 days to sell on average.
The average time it took to sell properties in Bournemouth postcodes
In the BH23 postcode for Christchurch, out of the 107 tracked properties in the 12 months to March 2021, home sellers were waiting 124 days on average from listing to completion.
In the Poole areas, it took 112 days on average to sell a property within the BH12 postcode.
The Sandbanks, Lilliput and Whitecliff areas (BH13 and BH14) took 128 days to sell a home.
The BH15 area postcode took 123 days to sell whilst BH16 and BH17 took 130 days.
Based on 68 tracked properties in Ferndown, namely the BH22 area, it took 115 days to sell. Out of 77 tracked properties in BH21 in Wimborne, it took 123 days for a home to sell.
Across in Verwood, BH31, 55 properties were tracked and the average selling time was 115 days.
In Wareham, BH20 it took an average of 114 days to sell.
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Property Solvers co-founder, Ruban Selvanayagam commented: “Although buyer demand hasn’t waned over the course of the pandemic, the length of time for transactions to complete has certainly lengthened.”
“Operational activity has still pretty much continued, but the home sales industry – like many others – has had to learn to adapt over the last year. Many solicitors, mortgage brokers and other professionals in our sector have been working from home which has often resulted in administrative and other operational delays,” he continued.
“However, with positive news around the vaccine roll-out, as more people gradually return to offices and agencies, we’re cautiously optimistic about things picking up over the course of the year."
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