Dorchester House Prices
Our monthly house price monitor is provided by TRINITY, a historical sample of which, to May 2008, is shown below.
TRINITY provides a monthly monitor of house prices for the county town and beyond segmented by type of proprety, such as Terraced, Semi-Detached, Detached, and Flats and by Property size, such as 1 Bed, 2 Bed, 3 Bed, 4 Bed and 5+ Beds.
TRINITY also holds the details of every property transaction in South and West Dorset, including the price paid and date of property transfer, taken from public records over the last 10 years, and have an on-line property valuation system which you can use FREE of charge by going to their website at www.trinitystreet.co.uk
If you would like to see an illustration of the value of your property, simply enter key information about your own property, including the full address and postcode, number of bedrooms and property type. TRINITY runs the information you provide against their database of local price data to create an on-line valuation for your property.
It is as simple as that - AND FREE - follow the link below for further information.
HOUSE PRICES FOR DORCHESTER - DT1 Area
|Month ||Lower Quartile ||Median ||Upper Quartile |
| December 2007|| £195,000||£234,950 ||£299,950 |
| January 2008|| £185,950||£229,950 ||£299,000|
| February 2008|| £182,500||£229,950||£299,950 |
| March 2008|| £180,000||£229,950||£300,000|
| April 2008|| £189,950||£220,000||£285,000|
| May 2008|| £184,900||£212,950||£295,000|
HOUSE PRICES IN THE LOCAL AREA - MEDIAN HPI - ALL AREAS
|Jan 2008 ||Feb 2008 || Mar 2008||Apr 2008 || May 2008|
| £229,950|| £229,950|| £220,000|| £212,950|
| £297,000|| £289,950|| £295,000|| £280,000|
| £270,000|| £275,000|| £265,000|| £265,000|
| £219,950|| £224,950|| £223,950|| £220,000|
| £199,950|| £199,950|| £199,950|| £199,950|
What is the lower quartile, median, and upper quartile?
Imagine that all properties were listed lowest to highest in order. The median house price, would represent the property lying right in the centre. The lower quartile would represent the property lying 25% from the bottom, and the upper quartile would represent the property lying 25% from the top.
Why use median, lower quartlie, and upper quartile?
We could take the mean price (which would simply be the sum of the all of the individual prices, divided by the total properties - this is what most people mean when we say average). Unfortunately, the mean price can easily be affected by properties which are not reflective of the market as a whole. Imagine that a very large manor house is suddenly on the market for £2 million - this would very much distort the true picture of the local market, but has very little impact on the median price.
If you have any questions about this indicator, please contact us.
c. 2001-2010 - Direct Marketing Solutions Limited