In West Lothian, the average asking price has decreased by £3,000 to £183,720 and the average selling price has dropped by more than £3,500 to £171,637. Due to this, the Reality Gap widened in Q1, and buyers are now on average paying £12,000 less than a property's asking price.
Quarter | No of properties | Avg asking price (s1homes) | % change | Avg selling price (ROS)* |
---|---|---|---|---|
Q2 (2018) | 793 | £177,539 | 3.02% | £173,225 |
Q3 (2018) | 798 | £180,252 | 1.53% | £172,381 |
Q4 (2018) | 701 | £186,860 | 3.67% | £175,545 |
Q1 (2019) | 791 | £183,720 | -1.68% | £171,637 |