Thinking of buying or selling a house on the Lancashire coast? The latest house price data is in, and it’s a bit of a mixed bag for Blackpool, Wyre, and Fylde.

Let’s break down what’s happening in each area:

Blackpool – Prices Dip but Still Affordable

Bad news for Blackpool sellers, as average house prices dipped slightly in June, down 0.5% to £133,935. This continues a slight downward trend for the area, with prices down 0.3% compared to this time last year.

• Good news for first-time buyers? The average price for those stepping onto the property ladder in Blackpool was £119,580, which is actually £200 cheaper than a year ago!
• Flats feeling the pinch: If you’re thinking of buying or selling a flat in Blackpool, be aware that prices took the biggest hit, dropping 1% in June alone.

The bigger picture: Even with the recent dip, Blackpool remains one of the most affordable places to buy a property in the North West. The average price is 39.2% lower than the regional average.

Wyre – Prices Climb Higher than Regional Average

It’s a sunnier picture for Wyre, with average house prices enjoying a 2% jump in June, reaching £196,408. This continues a strong year for the area, with prices up 4.7% compared to last year.

• First-time buyers paying more: The average price for those buying their first home in Wyre has risen to £164,000, which is a considerable £7,500 more than a year ago.
• Terraced homes leading the way: Terraced houses in Wyre saw the biggest price surge in June, jumping 2.3%.

Is Wyre still a good deal? Despite the price increases, Wyre remains more affordable than the North West average, with prices around 10.9% lower.

Fylde – Prices Soar with Strong Growth

Fylde is the star performer of the three areas, with house prices soaring by a significant 4.5% in June to an average of £246,254. This impressive growth is part of a longer-term trend, with prices up 4.4% annually.

• First-time buyers face a challenge: The average price for first-time buyers in Fylde is now a considerable £191,800, up £8,300 from last year.
• Terraced homes in high demand: As in Wyre, terraced properties in Fylde are hot property, with prices up 5.2% in June alone.

Paying a premium: Fylde is the only area of the three where you’ll pay more than the North West average, with prices currently 11.7% higher.

So, What Does This Mean for You?

Whether you’re thinking of buying or selling, it’s crucial to understand the latest trends in your local market. While Blackpool offers affordability, Wyre and Fylde offer stronger price growth (but at a higher cost). Whatever your budget or property goals, doing your research and consulting with local estate agents is essential.