Property Market Report - May 2024 - Irlam, Cadishead and Rixton

Property Market Update for Irlam, Cadishead, and Rixton – May 2024

Welcome to your regular property market update for Irlam, Cadishead, and Rixton. As spring transitions into summer, let’s see if the market experienced the typical spring bounce.

Cadishead Market Overview

Stock Levels:
In May, Cadishead had 76 houses available for sale. Over the last six years, the average has been 59 houses. Last year, there were 71 houses available, and 70 were listed last month. This May saw the highest number of available houses in the past six years.

New Listings and Prices:
There were 19 new home listings in May, with an average asking price of £208,683 (£223 per sq ft). Last month, the average was £237 per sq ft, indicating a slight decrease in prices.

Sales Agreed:
11 sales were agreed upon with an average asking price of £231,771 (£242 per sq ft). This is an improvement from last month’s average of £228 per sq ft but still lower than last year's £253 per sq ft.

Market Adjustments:

• Price Adjustments: 14 (6-year average: 4)
• Withdrawn Homes: 6 (same as last month)
• Fallen Through Sales: 5 (last month: 2)

Irlam Market Overview

Stock Levels:
In May, Irlam had 88 houses for sale, slightly below the 6-year average of 79 but significantly lower than the 106 houses available last year.

New Listings and Prices:
16 new home listings appeared with an average asking price of £267,656 (£272 per sq ft), which is £58,973 more than Cadishead. Last month’s average was £242,856 (£293 per sq ft), suggesting varying property values.

Sales Agreed:
28 sales were agreed, the highest since 2019. The area’s average is 21 sales per month, indicating a strong performance.

Market Adjustments:

• Price Adjustments: 11
• Withdrawn Homes: 2
• Fallen Through Sales: 5

Rixton and Hollins Green Market Overview

Stock Levels:
63 houses were for sale in May, above the 6-year average of 52 and 4 more than last month.

New Listings and Prices:
16 new homes were listed with an average asking price of £223,747 (£294 per sq ft). This is close to the 6-year high of £309 per sq ft seen in 2022. Last year, the average was £266 per sq ft.

Sales Agreed:
17 sales were agreed in May, surpassing the 6-year average of 13. The average asking price was £228,232 (£277 per sq ft), an increase from last month’s figures.

Market Adjustments:

• Price Adjustments: 6
• Withdrawn Homes: 5
• Fallen Through Sales: 6

Conclusion

Overall, the property market in Irlam, Cadishead, and Rixton shows positive signs with an increase in sales and stable asking prices, despite some fluctuations in square footage pricing. Keep an eye on market trends and reach out for property advice or valuations.

For further information or personalized advice, please call us at 0161 696 5050. Have a great June, and see you next month!

• Irlam property market
• Cadishead real estate update
• Rixton housing trends
• Irlam home prices
• Cadishead house sales
• Rixton property listings