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Formby House Prices Formby House Prices

The average house price in Formby is £379,909 using HM Land Registry data.

The average property price increased by £56,939 (17.39%) over the last 5 years and increased by £11,380 (3.05%) over the last 12 months.

Over the last year, there were 269 residential property sales – a decrease of 113 transactions (-42.01%) relative to the previous year. The majority of house sales (69) were in the £190,000 - £268,000 range. Then came properties in the £268,000 - £346,000 range, where 59 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 106 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,961 (-3%).

In April 2024, there were 49 new estate agency instructions, 45 agreed home sales and 19 property price reductions.

Neighbouring Areas: Southport

Postcodes Covered: L37

5-Year Average Property Prices in Formby

17.39%

Property prices in Formby increased by 17.39% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Formby Over the Last Year

3.05%

Property prices in Formby increased by 3.05% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Formby - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Formby

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Formby

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Formby

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Formby since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Formby area since 1995.

Recent Property Sales in Formby

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
52 Davenham Road, Formby, Liverpool, Merseyside, L37 3NS£400,000£400,000£0012 Jan 202411 Mar 202459 Days
1 Monks Drive, Formby, Liverpool, Merseyside, L37 6DL£260,000£259,000-£1,00005 Feb 202428 Feb 202423 Days
201 Park Road, Formby, Liverpool, Merseyside, L37 6EW£275,000£275,000£0007 Sep 202327 Feb 2024173 Days
62 Marina Road, Formby, Liverpool, Merseyside, L37 6BP£230,000£205,000-£25,00028 Sep 202319 Feb 2024144 Days
2 Crescent Avenue, Formby, Liverpool, Merseyside, L37 2ES£495,000£470,000-£25,00023 Jun 202309 Feb 2024231 Days
77 Greenloons Drive, Formby, Liverpool, Merseyside, L37 2LX£310,000£295,000-£15,00001 Nov 202302 Feb 202493 Days
71 Victoria Road, Formby, Liverpool, Merseyside, L37 1LN£900,000£850,000-£50,00030 Jun 202324 Jan 2024208 Days
30 Ennerdale Road, Formby, Liverpool, Merseyside, L37 2EA£420,000£418,000-£2,00027 Sep 202319 Jan 2024114 Days
62 Watchyard Lane, Formby, Liverpool, Merseyside, L37 3JU£200,000£200,000£0030 Mar 202318 Dec 2023263 Days
4 Sealand Close, Formby, Liverpool, Merseyside, L37 2JA£320,000£320,000£0005 Jul 202315 Dec 2023163 Days
53 Alderson Crescent, Formby, Liverpool, Merseyside, L37 3LY£220,000£212,000-£8,00025 Aug 202315 Dec 2023112 Days
10 Langdale Close, Formby, Liverpool, Merseyside, L37 2FF£400,000£395,000-£5,00027 Jun 202314 Dec 2023170 Days
25 Ditchfield, Formby, Liverpool, Merseyside, L37 4EQ£250,000£247,000-£3,00005 Sep 202308 Dec 202394 Days
8 Michaels Close, Formby, Liverpool, Merseyside, L37 3HU£375,000£360,000-£15,00010 Jul 202304 Dec 2023147 Days
3 Abbots Close, Formby, Liverpool, Merseyside, L37 6EY£360,000£357,500-£2,50027 Jul 202328 Nov 2023124 Days
6 Holmwood Gardens, Formby, Liverpool, Merseyside, L37 1NH£515,000£485,000-£30,00003 Jul 202323 Nov 2023143 Days
49a, Liverpool Road, Formby, Liverpool, Merseyside, L37 6BT£330,000£320,000-£10,00011 Jul 202323 Nov 2023135 Days
5 Norris Way, Formby, Liverpool, Merseyside, L37 8DB£225,000£225,000£0009 Aug 202317 Nov 2023100 Days
1 Sealand Close, Formby, Liverpool, Merseyside, L37 2JA£425,000£412,500-£12,50005 Jul 202313 Nov 2023131 Days
52 Argarmeols Road, Formby, Liverpool, Merseyside, L37 7BZ£305,000£292,000-£13,00023 May 202307 Nov 2023168 Days

Most Expensive Streets in Formby

PostcodeStreetAreaAverageNo. of Sales
L37 1LPVictoria RoadFormby£2,093,7504
L37 7AQVictoria RoadFormby£2,046,6663
L37 7BUArgarmeols RoadLiverpool£1,443,3336
L37 1LLVictoria RoadFormby£1,416,0893
L37 7AGVictoria RoadFormby£1,322,5004
L37 1LNVictoria RoadFormby£1,113,3333
L37 7JLMayfield CourtFormby£864,0005
L37 7BWDerby RoadFormby£806,6663
L37 7DWTimms LaneLiverpool£790,0003
L37 7BQFreshfield RoadFormby£740,0004

Least Expensive Streets in Formby

PostcodeStreetAreaAverageNo. of Sales
L37 3QPHayward CourtWatchyard Lane£51,8336
L37 3PSHillary CourtFreshfield Road£114,50630
L37 8BQChurch RoadFormby£161,66618
L37 6BULiverpool RoadFormby£168,9287
L37 4BPCross Green CloseLiverpool£171,8349
L37 4FBYork ManorLiverpool£178,88618
L37 4EASumner RoadFormby£179,9503
L37 4ESCoronation AvenueFormby£180,0003
L37 3NXWillow GroveFormby£180,8758
L37 6DHMonks CloseLiverpool£181,0605

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