For 2016 details - Merton Property Market 2016

Story Highlights

• Merton had total Property Sales of £1.92 billions in 2015
• The total number of properties sold in year 2015 was 3245
• The Average property price was £592 K in while Median was £410 K
• Not New Property Contributed 95.59% and New Property 4.41% by sales value

Total Sales By Property Type

Merton is one of the Boroughs of South London. It had total Property Sales of £1.92 billions which was 13.05% of South London Property Market 2015.

The split across the different property types are:

• Terraced £764 millions (39.73%)
• Semi-Detached £312 millions (16.26%)
• Other £141 millions (7.33%)
• Flat/Maisonette £474 millions (24.69%)
• Detached £230 millions (11.99%)

Total No Of Properties Sold By Property Type

 In Merton the total number of properties sold in year 2015 was 3245.

The breakdown by different property types are:

• Terraced 1387 (42.74%)
• Semi-Detached 334 (10.29%)
• Other 82 (2.08%)
• Flat/Maisonette 1331 (41.02%)
• Detached 111 (3.42%)

Average & Median Sales Price

In 2015 the Average property price was £592 K in Merton. The average price for the different property types are:

• Detached £2.08 million
• Flat/Maisonette £356 K
• Other £1.72 millions
• Semi-Detached £935 K
• Terraced £551 K

The Median Price was £410 K.The median property price for the different property types are:

• Detached £173 K
• Flat/Maisonette £320 K
• Other £788 K
• Semi-Detached £685 K
• Terraced £460 K

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £1.84 billion (95.59%)
• New Property 85 millions (4.41%) giving combined total of £1.92 billions.

By Number Of Sales

• The number of Not New Property sold was 3109 (95.81%)
• The number of New Properties sold was 136 (4.19%) giving combined total of 3245.

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