The proportion of the asking price achieved on average in the past year is 95.8 per cent according to a new survey.
Comparison website GetAgent - analysing data from property portals cross-referenced with HM Land Registry and relating to England and Wales - says there are significant regional variations but that on average this discount means sellers get some £13,300 below their original average asking price of £319,789.
The best performing location in terms of sale price almost matching asking price has been Sheffield on 99.2 per cent.
Bradford (98.6 per cent), Salford (98.5 per cent), Trafford (98.4 per cent) and Manchester (98.2 per cent) also come close, indicating a sought-after market in the north west of England.
Torfaen, Nottingham, Redditch, Rugby, Wigan, Bury, Dartford, Cardiff, Rushcliffe and Gedling also perform well as some of the best markets to have been a home seller in the last year.
At the other end of the table Gwynedd and Westminster - despite having very different local markets - have both seen the average home sell for just 92.5 per cent of asking price in the last year.
Camden (93.1 per cent), Kensington and Chelsea (93.1 per cent) and Blackpool (93.5 per cent) have also seen some of the lowest percentages of asking price achieved.
Where the biggest monetary reduction in asking prices are concerned, the 15 largest are almost all located in London and the south of England.
Kensington and Chelsea ranks top with home buyers paying £87,408 less than the original asking price, followed by Westminster (£71,436) and Camden (£54,643)
“With buyer demand now flooding the market, the pendulum should shift back towards the seller and we should see the asking price achieved breach the 100 per cent mark in a number of areas once again” predicts GetAgent founder and chief executive Colby Short.
Ranked: Highest percentage of asking price achieved across England and Wales in the last 12 months
|
Location
|
Average Asking Price
|
Average Percentage of Asking Price Achieved
|
Average final price
|
Asking vs Sold Price
|
|
Sheffield
|
£186,583
|
99.2%
|
£185,042
|
-£1,541
|
|
Bradford
|
£59,923
|
98.6%
|
£59,061
|
-£862
|
|
Salford
|
£194,760
|
98.5%
|
£191,795
|
-£2,966
|
|
Trafford
|
£251,935
|
98.4%
|
£247,921
|
-£4,014
|
|
Manchester
|
£203,626
|
98.2%
|
£199,868
|
-£3,758
|
|
Torfaen
|
£198,002
|
98.1%
|
£194,251
|
-£3,751
|
|
Nottingham
|
£204,702
|
98.0%
|
£200,633
|
-£4,069
|
|
Redditch
|
£269,557
|
98.0%
|
£264,127
|
-£5,430
|
|
Rugby
|
£273,995
|
97.9%
|
£268,357
|
-£5,638
|
|
Wigan
|
£166,511
|
97.8%
|
£162,907
|
-£3,604
|
|
Bury
|
£233,409
|
97.8%
|
£228,305
|
-£5,103
|
|
Dartford
|
£359,869
|
97.7%
|
£351,416
|
-£8,453
|
|
Cardiff
|
£262,902
|
97.6%
|
£256,685
|
-£6,217
|
|
Rushcliffe
|
£340,265
|
97.6%
|
£332,135
|
-£8,130
|
|
Gedling
|
£241,917
|
97.6%
|
£235,999
|
-£5,919
|
|
England and Wales
|
£319,789
|
95.8%
|
£306,486
|
-£13,303
|
|
|
Ranked: Lowest percentage of asking price achieved across England and Wales in the last 12 months
|
Location
|
Average Asking Price
|
Average Percentage of Asking Price Achieved
|
Average final price
|
Asking vs Sold Price
|
|
Gwynedd
|
£200,556
|
92.5%
|
£185,421
|
-£15,135
|
|
Westminster
|
£957,430
|
92.5%
|
£885,994
|
-£71,436
|
|
Camden
|
£792,808
|
93.1%
|
£738,165
|
-£54,643
|
|
Kensington and Chelsea
|
£1,274,175
|
93.1%
|
£1,186,767
|
-£87,408
|
|
Blackpool
|
£119,199
|
93.5%
|
£111,498
|
-£7,701
|
|
Conwy
|
£216,863
|
93.9%
|
£203,594
|
-£13,269
|
|
Preston
|
£141,865
|
94.1%
|
£133,468
|
-£8,397
|
|
City of London
|
£609,627
|
94.1%
|
£573,549
|
-£36,078
|
|
Copeland
|
£134,024
|
94.1%
|
£126,093
|
-£7,931
|
|
South Staffordshire
|
£409,478
|
94.1%
|
£385,274
|
-£24,204
|
|
Runnymede
|
£554,157
|
94.1%
|
£521,517
|
-£32,640
|
|
Barrow-in-Furness
|
£140,762
|
94.2%
|
£132,577
|
-£8,185
|
|
Fylde
|
£244,676
|
94.2%
|
£230,538
|
-£14,138
|
|
Hertsmere
|
£571,399
|
94.3%
|
£538,545
|
-£32,854
|
|
Richmond upon Thames
|
£565,286
|
94.3%
|
£532,857
|
-£32,429
|
|
England and Wales
|
£319,789
|
95.8%
|
£306,486
|
-£13,303
|
|
|
Ranked: Highest monetary reduction on original asking price across England and Wales in the last 12 months
|
Location
|
Average Asking Price
|
Average Percentage of Asking Price Achieved
|
Average final price
|
Asking vs Sold Price
|
|
Kensington and Chelsea
|
£1,274,175
|
93.1%
|
£1,186,767
|
-£87,408
|
|
Westminster
|
£957,430
|
92.5%
|
£885,994
|
-£71,436
|
|
Camden
|
£792,808
|
93.1%
|
£738,165
|
-£54,643
|
|
Chiltern
|
£661,131
|
94.3%
|
£623,657
|
-£37,474
|
|
Elmbridge
|
£640,654
|
94.4%
|
£604,477
|
-£36,177
|
|
City of London
|
£609,627
|
94.1%
|
£573,549
|
-£36,078
|
|
Barnet
|
£640,796
|
94.5%
|
£605,789
|
-£35,007
|
|
Islington
|
£646,446
|
94.6%
|
£611,572
|
-£34,874
|
|
Guildford
|
£643,907
|
94.7%
|
£609,847
|
-£34,060
|
|
Hertsmere
|
£571,399
|
94.3%
|
£538,545
|
-£32,854
|
|
Runnymede
|
£554,157
|
94.1%
|
£521,517
|
-£32,640
|
|
Hillingdon
|
£573,312
|
94.3%
|
£540,791
|
-£32,521
|
|
Richmond upon Thames
|
£565,286
|
94.3%
|
£532,857
|
-£32,429
|
|
Wandsworth
|
£652,682
|
95.3%
|
£622,202
|
-£30,480
|
|
Hammersmith and Fulham
|
£536,514
|
94.4%
|
£506,454
|
-£30,060
|
|
England and Wales
|
£319,789
|
95.8%
|
£306,486
|
-£13,303
|
|
|
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