Dumfries and Galloway property market update

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18th March 2021

Dumfries and Galloway property market data - key points

From December 2020 to February 2021, the average property selling price in Dumfries and Galloway was £177,319, up 14.9% compared to the previous year.
During this time, the median time for a property to be placed under offer in this area was 36 days, 21 days faster than last year.
Across the south-west of Scotland over the past three months, the average percentage of Home Report valuation was 100.6% compared to 96% last year.
In this area, the number of new property listings was down 5.3% year-on-year.

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Average house selling prices in Dumfries and Galloway

Number of homes coming to market

House selling times in Dumfries and Galloway

Average percentage of Home Report valuation achieved

Selling prices rise in Dumfries and Galloway while selling times fall

Dumfries and Galloway property market update event

Average property selling prices in Dumfries and Galloway

Between December 2020 and February 2021, the average property selling price in Dumfries and Galloway was £177,319, a 14.9% increase on the same period last year.

Properties in Kirkcudbright boasted an average property selling price of £207,967, while those in the town of Dumfries achieved an average property selling price of £164,749.

Castle Douglas homes had an average selling price of £183,600 during this period.

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Number of homes coming to market

The number of homes coming to market during this period was down by 5.3%. We have also seen property listings decrease year-on-year in several other parts of Scotland over the past three months.

There could be a number of reasons for this, including the strong start to 2020 in terms of listings, current stay-at-home guidance and impact of home schooling in recent months.

The town of Dumfries boasted both the greatest volume of property sales and number of listings over the past three months, compared to other towns in the area.

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House selling times in Dumfries and Galloway

From December 2020 to February 2021, the median time for a property to be placed under offer in Dumfries and Galloway was 36 days, an impressive 21 days faster than the same period last year.

Over the past three months, Dumfries properties had a median selling time of 22 days while Castle Douglas properties were placed under offer in a median time of 45 days. Kirkcudbright properties had a median selling time of 85 days.

Average percentage of Home Report valuation achieved

Over the past three months, houses in the south-west of Scotland achieved 100.6% of Home Report valuation on average compared to 96% last year.

Kirkcudbright properties achieved 101.9% on average while homes in both Castle Douglas and Dumfries attained 100% of the Home Report value on average.

Selling prices rise in Dumfries and Galloway while selling times fall

Paul Hilton, CEO of ESPC, said: “Our market statistics for Dumfries and Galloway suggest there is strong buyer demand in the area. Rising selling prices, decreasing selling times and a higher percentage of Home Report valuation achieved indicate a competitive market, with people moving quickly and decisively to secure the home they want.

“As with other areas of Scotland, we have seen fewer homes coming to market year-on-year. However, we do expect more properties to be listed as the current lockdown restrictions are eased in the coming weeks.

“I advise those thinking of buying or selling a property in Dumfries and Galloway to contact a local solicitor estate agent to get expert advice.”