House Price Report November 2019

Property market data – key points

From September to November 2019, the average selling price in Edinburgh, the Lothians, Fife and the Borders was £248,235 compared to £248,320 last year
During this time in these areas, the median selling time was 22 days, which was one day slower than last year
The average percentage of Home Report valuation attained was 102.8% compared to 103.8% last year
Over the past three months, in Edinburgh, the Lothians, Fife and the Borders, the sales volume rose by 2.2% year-on-year
The number of homes coming to market is down 4.4% compared to last year.

Quicklinks

What is the average price of a house or flat in Edinburgh, the Lothians, Fife and the Borders?

Sales volume and number of homes coming to market

Top selling property by sales volume

How long does it take to sell a home in Edinburgh, the Lothians, Fife and the Borders?

Percentage of Home Report valuation achieved

Average property selling price stays steady in Edinburgh, the Lothians, Fife and the Borders

House Price Report November 2019 infographic

Gain insights into the local property market

Find out more

What is the average price of a house or flat in Edinburgh, the Lothians, Fife and the Borders?

Over the past three months, the average property price in Edinburgh, the Lothians, Fife and the Borders stayed fairly steady compared to last year, with it now sitting at £248,235 compared to £248,320 last year. In Edinburgh, the average selling price of a house or flat also remained steady, sitting at £268,325 compared to £268,404 last year.

Within Edinburgh, the greatest growth in average selling price was seen in the north west of the city, with properties selling for £273,583 on average, a 7.8% increase compared to last year. The south of the city saw the greatest decrease, with properties selling for £293,169 on average, a 7.6% decrease compared to last year.

Three bedroom houses in South Queensferry and Dalmeny saw the greatest year-on-year increase in average selling price of any property type, with an average selling price of £333,829, a 46.8% increase compared to last year. This is due to a much greater proportion of higher value homes being sold this year.

Three bedroom houses in Cramond, Barnton and Cammo also saw a significant year-on-year increase in average selling price, rising by 38.6%. This is again due to an increase in the number of higher-value homes being sold this year.

However, three bedroom houses in Blackhall, Davidsons Mains and Silverknowes saw the average selling price drop by 20.4% year-on-year. This is due to a greater proportion of lower value properties being sold this year.

Outwith Edinburgh, average property prices in West Lothian also rose significantly compared to the previous year, now sitting at £208,131, an 11.1% increase. This is due to a greater proportion of larger three bedroom homes sold this year, coupled with fewer one bedroom properties.

The average selling price of properties in East Lothian rose by 6.4% year-on-year, to £259,106. Meanwhiles properties in Midlothian saw a 0.3% increase. The average price of homes in West Fife & Kinross decreased by 8.7% year-on-year and by 10.4% in Dunfermline, while homes in East Fife saw a 4.7% increase. Properties in the Borders saw an increase in average selling price, rising by 2% to £227,074.

Find out average property selling prices for different areas and property types in our House Price Table.

Sales volume and number of homes coming to market

From September to November 2019, the volume of residential property sales in Edinburgh, the Lothians, Fife and the Borders rose by 2.2% compared to last year. The number of homes coming to market fell by 4.4%. Within Edinburgh, sales volume dipped by 0.3% and the number of new property listings dropped by 9.6%.

Top selling property by sales volume

The top selling property in terms of sales volume was three bedroom houses in Dunfermline, followed by two bedroom flats in Dunfermline and two bedroom flats in Leith.

How long does it take to sell a home in Edinburgh, the Lothians, Fife and the Borders?

From September to November 2019, the median selling time of a property across all areas was 22 days, which was one day slower than last year. Within Edinburgh, the median selling time was 20 days, which was the same as last year. The fastest selling property types were one bedroom flats in Dalry, Gorgie, Slateford and Chesser and one bedroom flats in Leith Walk, Easter Road, Pilrig and Bonnington, which both boasted a median selling time of 14 days.

Two bedroom flats in Leith, The Shore and Granton, and two bedroom flats in Portobello and Joppa were just behind with a median selling time of 15 days.

Percentage of Home Report valuation achieved

The average percentage of Home Report valuation achieved over the past three months across all areas was 102.8% compared to 103.8% last year. Within Edinburgh, it was 104.4% compared to 105.6% last year. One bedroom flats in Dalry, Gorgie, Slateford and Chesser also achieved the highest percentage of Home Report valuation on average at 107.1%, followed by two bedroom flats in Portobello and Joppa on 106.2%.

Average property selling price stays steady in Edinburgh, the Lothians, Fife and the Borders

Jamie Fraser-Davidson, Business Analyst at ESPC, said: “The average selling property price across Edinburgh, the Lothians, Fife and the Borders stayed fairly steady compared to last year. However, this is the first three month period in several years that there has not been a year-on-year increase in average selling price.

“Combined with a lower percentage of Home Report valuation, and fewer properties coming to market, this suggests a dampening in buyer and seller activity in the run up to Christmas, possibly exacerbated by the upcoming General Election and Brexit deadline. However, homes are still exceeding valuation on average, achieving relatively short selling times and there are pockets where there are still significant year-on-year price increases.

“One of the areas that continues to do well is Portobello and Joppa; two bedroom flats in this area regularly boast very short selling times and achieve well over Home Report valuation. As Portobello has just been voted UK neighbourhood of the year at the Urbanism Awards, it appears its popularity is set to grow.”