House prices dropped slightly, by 0%, in Stratford-on-Avon in June, new figures show.
But the drop does not reverse the longer-term trend, which has seen property prices in the area achieve 16.1% annual growth.
The average Stratford-on-Avon house price in June was £342,487.0362, Land Registry figures show – a 0% decrease on May.
Over the month, the picture was worse than that across the West Midlands, where prices increased 5.6678457%, and Stratford-on-Avon underperformed compared to the 4.4989563% rise for the UK as a whole.
Over the last year, the average sale price of property in Stratford-on-Avon rose by £47,000 – putting the area third among the West Midlands’s 34 local authorities for annual growth.
The best annual growth in the region was in Shropshire, where property prices increased on average by 20.9%, to £256,000. At the other end of the scale, properties in Warwick gained 3.1% in value, giving an average price of £325,000.
Winners and Losers
Owners of detached houses fared worst in Stratford-on-Avon in June – they dropped 0.1% in price, to £532,090.6157 on average. But over the last year, prices rose by 17.1%.
Among other types of property:
Semi-detached: down 0% monthly; up 15.9% annually; £319,637.4811 averageTerraced: up 0% monthly; up 15.7% annually; £260,118.2095 averageFlats: up 0.1% monthly; up 13% annually; £175,529.91 average
First steps on the property ladder
First-time buyers in Stratford-on-Avon spent an average of £268,000 on their property – £36,000 more than a year ago, and £40,000 more than in June 2016.
By comparison, former owner-occupiers paid £383,000 on average in June – 42.9% more than first-time buyers.
How do property prices in Stratford-on-Avon compare?
Buyers paid more for properties in Stratford-on-Avon than anywhere else in the West Midlands in June. The average price paid would buy 2.7 homes in Stoke (£126,000), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea, where the average June sale price of £1.2 million could buy 13 properties in Burnley (average £99,000).
Across the West Midlands, property prices are high compared to those across the UK, where the average cost £266,000.
Average property price in June
Stratford-on-Avon: £342,487.0362The West Midlands:£231,428.6977UK: £265,668.1787
Annual growth to June
Stratford-on-Avon: +16.1%The West Midlands: +15%UK: +13.2%
Best and worst annual growth in the West Midlands
Shropshire: +20.9%Warwick: +3.1%