MOFFAT was the most expensive area in Dumfries and Galloway to buy a property between September and February.
Homes in the Upper Annandale town sold on average for £250,504.
Meanwhile, the most affordable area locally was Dalbeattie, where the average selling price was £143,497.
That’s the conclusion of an in-depth report on the region’s property market by ESPC.
They analysed Dumfries and Galloway during a six month period, from September 2023 to February this year.
That’s normally a quieter time of the year, however the firm notes that there was plenty of movement with a 9.4 per cent rise in new property listings and 32.5 per cent increase in sales volumes.
ESPC have described it as “a burst of popularity for the region”.
And the most popular areas with buyers were Kirkcudbright, Dumfries Town, Castle Douglas and Moffat.
The fastest selling types were three bedroomed homes and it took about 40 days for properties to go under offer – making this area the slowest moving.
When it came to the price, buyers paid 100.2 per cent of the Home Report valuation and ESPC said: “Dumfries and Galloway presented the biggest opportunity for a bargain for househunters.
“Buyers paid the highest premium to live in Dalbeattie. In contrast, homes in Dumfries Town attained the lowest percentage of Home Report valuation.
“60.3 per cent of homes for sale in Dumfries and Galloway sold for at least their report valuation. While this may not appear to be good news for sellers, it’s important to note that sellers planning to make onward purchases can also benefit from this change in the market.”
