For 2016 details - Medway Property Market 2016 

Story Highlights

• Medway had total property sales of £1.14 Billions in 2015
• The total number of properties sold in 2015 was 5,113 properties
• The average sales price in Medway was £223 K, whereas the median sales price was £190 K
• New Property sales were 8.65% by value, whereas Not New Property contributed 91.35%

 Medway has unitary authority status in South East England.

Total Sales By Property Type

Medway had total property sales of £1.14 Billions which was 1.86% of  the total South East property Market in 2015.

The split across the different property types are:

• Terraced £434 millions (38.09%)
• Semi-Detached £303 millions (26.62%)
• Other £65 millions (5.67%)
• Flat/Maisonette £115 millions (10.08%)
• Detached £223 millions (19.54%)

Total No Of Properties Sold By Property Type

Medway had total property sales of 5,113.  The split across the different property types are:

• Detached 652 (12.75%)
• Flat/Maisonette  788 (15.41%)
• Other 82 (1.6%)
• Semi-Detached 1,173 (22.94%)
• Terraced 2,418 (47.29%)

Average & Median Sales Price

The average sales price in Medway was £223 K and for the different property types it was:

• Detached £342 K
• Semi-Detached £259 K
• Terraced £180 K
• Flat/Maisonette £146 K
• Other it is £788 K

Similarly median sales price in Medway was £190 K and for the different property types it was:

• Detached £325 K
• Semi-Detached £230 K
• Terraced £170 K
• Flat/Maisonette £140 K
• Other it is £296 K

New Vs Not New Property Statistics

By Sales Values the split is as follows:

• New Property contributed £99 millions (8.65%)
• Not New Property contributed £1.04 billions (91.35 %)

By Total Number the split is as follows:

• New properties sold were 403 (7.88%)
• Not new property sold were 4,710 (92.12%)

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