Latest numbers suggest market recovery has been strong
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New figures are suggesting that property prices in the Putney area may have staged a complete recovery and could even be reaching new record levels.
The average sale price for August so far according to Land Registry figures was £677,075. This would be one of the highest monthly averages on record.
Although volumes are still too low to take monthly averages as a reliable guide to the level of the market, there are other indications of an almost complete recovery. The Right Move house price index which is based on offer prices rather than actual sale prices is suggesting a stronger recovery during Autumn. The index is up by 2.8% for October which and is now higher than the same month last year. By this index London property prices are at a record high and according to their survey only one in ten buyers are expecting prices to fall.
Martin Ellis, housing economist at the Halifax, said, "The combination of increased demand and a low level of properties available for sale has pushed up house prices in recent months. The marked improvement in affordability due to the reduction in both property prices and interest rates since mid- 2007 has been a key factor in stimulating higher demand."
Prices in London rose by 0.8% during August according to the Land Registry's House Price Index. The average price of a London home is £310,640 and this is down by 6.2% since last year.
For the England and Wales as a whole prices fell by 0.1% in August and are down 9.4% compared with the previous August.
Properties Sold in SW15 - August 2009
| Address | Price (£) | Deed Date |
| Flat 102, March Court, Warwick Drive, SW15 6LD | £160,000 | 28/08/2009 |
| 24, Ruvigny Gardens, SW15 1JR | £745,000 | 28/08/2009 |
| Flat 2, 96, Chelverton Road, SW15 1RL | £377,710 | 28/08/2009 |
| Flat 11, 31 Ashcombe Court, Carlton Drive, SW15 2BW | £275,000 | 28/08/2009 |
| 46, Bendemeer Road, SW15 1JU | £273,650 | 28/08/2009 |
| 24a, Quill Lane, SW15 1PD | £330,000 | 28/08/2009 |
| 27, Felsham Road, SW15 1AY | £390,000 | 28/08/2009 |
| Flat 5, 18, Oakhill Road, SW15 2QU | £365,000 | 28/08/2009 |
| 9, Woodlawn Close, SW15 2RE | £542,000 | 28/08/2009 |
| Flat 6, 75 Sispara Mansions, West Hill, SW15 2UL | £530,000 | 28/08/2009 |
| 32, Friars Avenue, SW15 3DU | £175,000 | 28/08/2009 |
| Flat 57, 11 Kersfield House, Kersfield Road, SW15 3HJ | £140,000 | 28/08/2009 |
| Flat 7, 26, Holmbush Road, SW15 3LE | £299,950 | 28/08/2009 |
| 14, Hazlewell Road, SW15 6LH | £1,950,000 | 27/08/2009 |
| 3, Balmuir Gardens, SW15 6NG | £1,057,000 | 27/08/2009 |
| 5, Balfour Place, SW15 6XR | £499,950 | 27/08/2009 |
| 10, Fawe Park Road, SW15 2EA | £850,000 | 27/08/2009 |
| Ground Floor Flat At, 165, Lower Richmond Road, SW15 1HH | £360,000 | 27/08/2009 |
| 69, Wadham Road, SW15 2LS | £430,000 | 27/08/2009 |
| 20, Keswick Avenue, SW15 3QJ | £330,000 | 27/08/2009 |
| 2, Ullswater Close, SW15 3RF | £1,837,500 | 27/08/2009 |
| Flat 107, Ormonde Court, Upper Richmond Road, SW15 6TR | £230,000 | 26/08/2009 |
| The Second Floor Flat At, 36, Clarendon Drive, SW15 1AE | £350,000 | 26/08/2009 |
| 26, Bective Road, SW15 2QA | £456,000 | 26/08/2009 |
| Flat 64, Exeter House, Putney Heath, SW15 3SX | £360,000 | 26/08/2009 |
| 2, Olivette Street, SW15 1NW | £445,000 | 25/08/2009 |
| Flat 9, Lockyer House, The Platt, SW15 1EE | £218,000 | 25/08/2009 |
| 35, Sefton Street, SW15 1NA | £450,000 | 24/08/2009 |
| 29a, Waterman Street, SW15 1DD | £292,000 | 24/08/2009 |
| 12, Stratford Grove, SW15 1NU | £875,000 | 21/08/2009 |
| 29, Gladwyn Road, SW15 1JY | £674,500 | 21/08/2009 |
| Flat 4, 98, Friars Avenue, SW15 3DU | £140,000 | 21/08/2009 |
| Flat 139, Highlands Heath, Portsmouth Road, SW15 3TZ | £415,000 | 21/08/2009 |
| Flat 13, 307, Upper Richmond Road, SW15 6SS | £447,500 | 19/08/2009 |
| 3, 2 The Mews, Wadham Road, SW15 2LR | £345,000 | 18/08/2009 |
| 22b, Putney High Street, SW15 1SL | £215,000 | 17/08/2009 |
| 26, Ullswater Crescent, SW15 3RQ | £745,000 | 17/08/2009 |
| 2, Weiss Road, SW15 1DH | £615,500 | 14/08/2009 |
| 31, Weiss Road, SW15 1DH | £626,000 | 14/08/2009 |
| 2, Bader Way, SW15 5GD | £495,000 | 14/08/2009 |
| 17, Mascotte Road, SW15 1NN | £500,000 | 14/08/2009 |
| 211, Frensham Drive, SW15 3ED | £208,000 | 14/08/2009 |
| Flat 5, Ruvigny Mansions, Embankment, SW15 1LE | £750,000 | 13/08/2009 |
| Flat 27, 317 Listergate, Upper Richmond Road, SW15 6ST | £370,000 | 12/08/2009 |
| 4, Bader Way, SW15 5GD | £500,000 | 12/08/2009 |
| 11, Mendez Way, SW15 5GA | £440,000 | 12/08/2009 |
| Flat 4, 7, Mercier Road, SW15 2AW | £470,000 | 11/08/2009 |
| 8, Woodthorpe Road, SW15 6UQ | £1,950,000 | 10/08/2009 |
| 2, Hotham Road, SW15 1QB | £995,000 | 10/08/2009 |
| 4, Tideswell Road, SW15 6LJ | £1,450,000 | 07/08/2009 |
| 20, Redgrave Road, SW15 1PX | £365,000 | 07/08/2009 |
| 3, Gamlen Road, SW15 1AB | £875,000 | 07/08/2009 |
| 31, Buttermere Drive, SW15 2HW | £390,000 | 07/08/2009 |
| 2a, Modder Place, SW15 1PA | £292,500 | 07/08/2009 |
| 140, Frensham Drive, SW15 3EG | £180,000 | 07/08/2009 |
| 39, Redgrave Road, SW15 1PX | £995,000 | 05/08/2009 |
| 6, Gamlen Road, SW15 1AB | £800,000 | 03/08/2009 |
Copyright notice: All figures in this article are based on data released by the Land Registry. The numbers are derived from analysis performed by PutneySW15.com. Any use of these numbers should jointly attribute the Land Registry and PutneySW15.com.
January 12, 2010
