Summer surge in property prices results in new record of Â£351,475
The cost of buying a home in Brighton and Hove has continued to increase sharply.
The cost of buying a home in Brighton and Hove has continued to increase sharply throughout the summer.
Fuelled by the sale of 11 houses costing more than Â£1 million - including one that was sold at Â£3.4 million - the average price of a city home set a new monthly record in July of Â£351,475.
Even in what is traditionally a quiet month for estate agents - and amid forecasts that prices nationally may have peaked - a total of 530 homes changed hands, with an aggregate value of Â£186.3m.
According to the latest Land Registry data, the average price of different types of properties were:
Detached (56 transactions), with an average price of Â£659,812 - compared with Â£683,629 in June;
Semi-detached (75 transactions), with an average price of Â£374,887 - compared with Â£365,061;
Terrace (143 transactions), with an average price of Â£390,737 - compared with Â£365,451;
Flats and apartments (256 transactions), with an average price of Â£255,237 - compared Â£239,781.
For comparison, in the previous month of June, there were 444 transactions, with an aggregate value of Â£143.7 million; the average city home cost Â£323,566, the previous monthly record.
The figures for each type of home sold in June were: detached - 38 transactions, with an average of Â£683,629; semi-detached - 62 transactions, with an average of Â£365,061; terrace - 100 transactions, with an average of Â£365,451; flats and apartments - 244 transactions, with an average of Â£239,781.
The 20 most expensive homes in July
Â£3,400,000 44 Tongdean Avenue, Hove, BN3 6TN (Detached)
Â£1,800,000 59 Tongdean Avenue, Hove, BN3 6TN (Detached)
Â£1,675,000 50 Hill Brow, Hove, BN3 6DD (Detached)
Â£1,655,000 2 Princes Square, Hove, BN3 4GE (Detached)
Â£1,610,000 52 Hill Brow, Hove, BN3 6DD (Detached)
Â£1,550,000 65 Dyke Road Avenue, Hove, BN3 6DA (Detached)
Â£1,300,000 Basement flat, 12 Montpelier Crescent, Brighton, BN1 3JF (Terrace)
Â£1,150,000 56 Nevill Road, Rottingdean, Brighton, BN2 7HG (Detached)
Â£1,110,500 18 Norfolk Road, Brighton, BN1 3AA (Detached)
Â£1,100,000 44 Victoria Street, Brighton, BN1 3FQ (Terrace)
Â£1,048,500 7 Cornwall Gardens, Brighton, BN1 6RH (Semi-detached)
Â£965,000 2 Pembroke Crescent, Hove, BN3 5DH (Semi-detached)
Â£965,000 Basement flat, 23A Bloomsbury Place, Brighton, BN2 1DB (Terrace)
Â£955,000 65 Carlisle Road, Hove, BN3 4FQ (Semi-detached)
Â£930,000 Flat 15, Palmeira Grande, Holland Road, Hove, BN3 1QG (Flat/apartment)
Â£927,500 125 Surrenden Road, Brighton, BN1 6WB (Detached)
Â£920,000 71 Roundhill Crescent, Brighton, BN2 3GP (Terrace)
Â£910,000 11 Portland Place, Brighton, BN2 1DG (Terrace)
Â£900,000 14 Lloyd Road, Hove, BN3 6NL (Semi-detached)
Â£890,000 23A Clifton Hill, Brighton, BN1 3HQ (Terrace)
Data produced by Land Registry Â© Crown copyright 2014.