House price winners and losers North West
The latest data from the Land Registry reveals that the average house price in the North West is currently £221,200.
On average house prices in the North West increased by 0.4% or £910 over the last month.
Over the last year (last 12 calendar months) average house prices in the North West increased by 13.5% or £26,270.
However, across the North West, there is a significant spread of house prices at the Local Authority level ranging from £117,800 in Burnley to £375,600 in Trafford.
North West average house prices by local authority
We show in the chart below the average house price for every local authority across the North West.
The three most expensive areas for house prices in the North West are:
Trafford where average house prices are £375,600
Stockport, where the average house costs £305,800, and
Cheshire East where you can buy the average home for £305,000
The three least expensive areas for house prices in the North West are:
Burnley where you can snap up the average home for £117,800
Hyndburn with average house prices of £130,500, and
Blackpool where the average house will set you back £139,200
North West house price winners last month (percentage)
Across the North West increased by 0.4% over the last month, however, within the North West not all house prices increased by the same amount.
Over the last month house prices in the North West increased the most in percentage terms in:
Rossendale where average house prices increased by 6.2%,
Oldham where average house prices rose by 3.1%,
Pendle where average house prices were up by 3.0%
The chart below shows the hottest 25 housing markets across the North West where house prices increased the most in percentage terms over the last month. Do you live in one of the hottest housing markets in the North West?
North West absolute house price winners last month
When we look at the absolute (monetary) house price rises across the North West last month, we saw the biggest house price increases in:
Rossendale where house prices climbed by £11,770,
Oldham where house prices increased by £5,830,
Lancaster where house prices rose by £5,010
North West relative house price winners last 12 months
House prices have increased significantly over the last 12 months in many areas of the North West. On average across the North West house prices have increased by 13.5%
The biggest house price winners in percentage terms across the North West over the last year are:
Allerdale with average house prices up 15.6%,
Pendle, which has seen house prices increase by 15.4% over the last twelve months, and
St. Helens where house prices have risen, on average, by 15.2%
We show the top 25 housing markets, where house prices have increased the most on a relative (percentage) basis across the North West in the chart below
North West absolute house price winners last 12 months
Turning to the absolute or monetary increases in house prices across the North West over the last 12 months, on average house prices increased by £26,270. We show the areas where house prices increased the most in the North West below
Cheshire East which has seen house prices increase by £37,090,
Trafford with house prices gains of £36,280,
Stockport where house prices have risen, on average, by £34,790
We show the North West's top 25 housing markets in terms of absolute house price increases over the last 12 months in the chart below.
North West relative house price losers last month
Unfortunately, house prices did not rise in every area of the North West last month. The biggest relative house prices losers last month were:
West Lancashire where average house prices dropped by 4.2%,
Ribble Valley where average house prices fell by 2.3%,
Sefton where average house prices were down 1.6%
We show the percentage changes in house prices for each local authority across North West in the chart below
North West absolute (monetary) house prices losers last month
In monetary terms, house prices in the North West fell or increased the least in:
West Lancashire which saw house price fall, on average, by £9,940,
Ribble Valley where average house prices fell by £6,310,
Sefton where house prices were down £3,470
We show the monetary change in average house prices across each Local Authority across North West in the chart below:
North West relative house price losers last year
Whilst the average house prices in the North West increased by 13.5% over the last twelve months, not all areas of the North West performed as well.
At the bottom end of the North West's annual house price table are:
West Lancashire where house prices have risen by 9.1%,
Blackpool, with average house price inflation of 9.1%, and
South Lakeland with house price inflation at 9.5%
We show the percentage change in house prices over the last twelve months across every Local Authority in the South East in the chart below
North West absolute house prices losers last 12 months
Finally turning to the monetary or cash changes to house prices in the North West over the last year. Average house prices across the North West increased by £26,270, but not all areas of the North West performed as well. The areas which saw the worst house price performance in the North West over the last year were:
Blackpool which has seen house prices up by £11,560,
Hyndburn with house prices rise of £12,010,
Burnley where house prices have increased, on average, by £12,050
We show in the chart below the areas of the North West with the worst absolute house price performance over the last 12 months.
