Property prices in Scarborough area down in February
House prices dropped more than average for Yorkshire and The Humber in Scarborough in February, new figures show.
The drop contributes to the longer-term trend, which has seen property prices in the area suffer a 2.0% annual decline – the worst in Yorkshire and The Humber.
The average Scarborough house price in February was £162,300.91, Land Registry figures show – a 2.7% decrease on January.
Over the month, the picture was worse than that across Yorkshire and The Humber, where prices decreased 1.0%, and Scarborough underperformed compared to the 0.62% drop for the UK as a whole.
Over the last year, the average sale price of property in Scarborough remained level – putting the area bottom among Yorkshire and The Humber’s 21 local authorities for annual growth.
The best annual growth in the region was in Harrogate, where properties increased on average by 8.82%, to £302,000.
Winners and losers
Owners of detached houses fared worst in Scarborough in February – they dropped 2.8% in price, to £249,943.91 on average. Over the last year, prices dropped by 2.3%.
Among other types of property:
Semi-detached: down 2.8% monthly; down 1.2% annually; £170,132.6 average
Terraced: down 2.7% monthly; down 1.5% annually; £137,825.26 average
Flats: down 2.3% monthly; down 3.5% annually; £111,206.72 average
First-time buyers in Scarborough spent an average of £139,300 on their property – £3,200 less than a year ago,
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