What properties are actually selling in Colchester ?

The question that should be asking though is which price band is selling?

If you look at Colchester and split the property market into four equalled sized (into terms of households) price bands. Each price band would have around 25% of the property in Colchester, from the lowest in value (the bottom 25% ) all the way through to the highest 25% (in terms of value).  

Over the last two months (63 days to be precise), in the lowest quartile, (those with asking prices under £135k) 194 properties have come onto the market in Colchester and 34% of them (66 properties have a buyer and sold stc. 

The next quartile, between £135k-£175k of the 177 properties that came on to the market, 36.1% of them (64 properties) have a buyer. The £175k-£255k price range has seen 258 properties come on to the market, and 34.4% of the properties have a buyer (89 properties). 

The most expensive 25%, the £255k plus range, has seen 52 of the 232 properties that came on to the market find buyers (22.4%).  

To find out more information on the Colchester Property market contact your local Colchester Estate Agent on 01206 767673.