As we move through July, it’s time to reflect on the local property market’s movements during June 2025. Across our beloved areas of Launceston, Bolventor, Lezant, South Petherwin, and Treneglos, the market continues to show signs of both stability and gradual progression.
Our analysis for June drew from 108 data points, providing a comprehensive overview of the market landscape. We observed an average property sale price of £265,824, which suggests a modest yet steady appreciation in values compared to previous months. For potential buyers, this figure serves as an important benchmark, offering insight into what you might expect when entering the market.
When we delve deeper into the figures, the average price per square foot over the past six months settled at £257. This statistic indicates a healthy demand for properties, suggesting buyers are prepared to invest competitively for homes that meet their needs. It’s essential for both sellers and buyers to keep an eye on these averages as they impact how properties are priced and perceived in the local market.
Another critical aspect of our June analysis is the turnover of sales, which stood at 8%. While this figure may initially appear modest, it reflects a healthy level of activity within the market. An 8% turnover means that there are opportunities available, presenting a balanced playing field for both buyers and sellers. For sellers, this indicates demand remains, and it may be an opportune time to consider listing your property.
A key factor influencing the local property market is the prevailing mortgage rates. The average two-year fixed mortgage rate currently sits at 4.43%. While mortgage rates have fluctuated over recent months, this rate remains competitive. For buyers, understanding financing options is crucial as it directly impacts affordability and, ultimately, purchasing power. Buyers should work closely with their financial advisers to navigate the available mortgage options effectively.
The interplay between these data points paints an encouraging image of our local property market. The combination of steady price increases, an active turnover, and reasonable mortgage rates suggests that now may be a great time for those considering making a move. Whether you are looking to upsize, downsize, or invest, our local areas offer varied opportunities tailored to diverse needs.
On the investment front, many are looking at property as a viable avenue for growth, especially in the current economic climate. The demand in our market indicates that investors are also watching trends closely. With the potential for rental yield, purchasing properties could be a beneficial long-term strategy for many.
In summary, June 2025 has provided a glimpse into a resilient property market within our local area. Buyers can navigate their options with the awareness of current pricing dynamics, while sellers can aim for a favourable response to their listings given the market’s steady pace.
As independent estate agents, we are proud to be the only local member of The FIA, a network of high-quality UK independent estate agents. Please do reach out to us for further information about the local market or to request a market appraisal for your property. Our dedicated and award winning team is here to assist you in making informed decisions every step of the way.