Islington Property Market 📊 November 2023
- Jacob Littorin
- Dec 5, 2023
- 3 min read
Updated: May 22
Happy December - do you feel the festive spirit? In Islington's N1, N5 and N7 market, property sales are wrapping up. This is your property newsletter, featuring my Islington Sales Collection and Bricks&Logic maps. Enjoy!
Jacob x
November compared with October
🏠 Available Properties: 1,182 - down 5.9% from 1,254 in Oct. ⬇❌
🔍 New Instructions: 193 - down 33.7% from 291 in Oct. ⬇❌
📈 Sales Agreed: 161 - up 45.9% from 111 in Oct. ⬆✅
💰 Price Reductions: 149 - down 19.5% from 185 in Oct. ⬇✅
🕒 Listed for More Than 12 Weeks: 1,228 - down 4.0% from 1,275 in Oct. ⬇✅
👁 Average Daily Views per Property: 63 - down 4.5% from 66 in Oct. ⬇❌
45.9% more sales were agreed this month - a big change. Meanwhile, new instructions were down 33.7%. The market is wrapping up for Christmas, and becoming more balanced between supply and demand.
Visit my Islington Sales Collection to search for exciting property sales agreed in N1, N5, and N7 during November. Perhaps your street is on this month's list?
The most expensive property sold during November's bonanza was a 5-bedroom, 2,756 sqft, Freehold terraced house on 28 Colebrooke Row, N1 8AS. Its asking price was £3,500,000.
Hi!! It's December - the darkest month! So when selling your property, ensure it looks cozy, warm, and welcoming. You want prospective buyers to be able to envision just how perfect your property will be during the most wonderful time of the year. Have smelling candles ready to be lit, or a scent of clove. If you have a garden, tidy up and remove trash gardens. Whoever buys your property is likely to spend time in that very garden during the summer of 2024 - so present it to perfection. ~Nash North
November 2023 to 2022
🏠 Available Properties: 1,182 - down 9.1% from 1,314 in 2022 ⬇❌
🔍 New Instructions: 193 - down 22.5% from 250 in 2022 ⬇❌
📈 Sales Agreed: 161 - up 50.5% from 107 in 2022 ⬆✅
💷 Price Reductions: 149 - down 13.6% from 171 in 2022 ⬇✅
🕒 Listed for More Than 12 Weeks: 1,228 - down 2.2% from 1,299 in 2022 ⬇✅
👁 Average Daily Views per Property: 63 - up 8.6% from 58 in 2022 ⬆✅
The market seems to be more dynamic in 2023, compared with November 2022, with a decreased inventory, increased sales agreed activity, and what seems to be more accurate pricing.
Bricks&Logic Sale Prices
The change in sale prices (sales agreed and live listings), as a percentage, over the last 6 months from 05/12-2023. Islington prices are going up.
My name is Jacob Littorin and I am your Personal Estate Agent in Islington. My mission is to get you the best price and smoothest process when selling your property and moving to your new home, in what might be the biggest transaction of your life. 💜
Follow me and my show Littorin Means London on my socials @JacobLittorin and @LittorinMeansLondon to find out how you can sell your Islington home:
*Data source: Rightmove. Data showing resale & new build detached houses, semi-detached houses, terraced houses, unspecified houses, flats/apartments, bungalows, and land. Map source: Bricks&Logic.
