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Wow, what a year. When the fireworks crackled and lit up our skies with their colourful magic last New Year’s Eve and our hearts were filled with hopes and dreams of the year to come, none of us expected what was coming.

The profile of car ownership is a great signal of the practical needs of residents in a local market. Most households have a car, but the number owned varies enormously based on the type of area. For example, if you live in a one bedroom flat in a city you’re much less likely to own a car than if you live in a commuter suburb.

This chart has indexed the levels of transactions for flats and houses over the last eight quarters. That means it takes the actual level of sales at the start of the period and converts them to 100, and then you can see the relative changes running up to the present.

We wanted to take a look at how overall average prices of flats and houses have changed in the last few months. This is quite a short timeframe so there’s a fair bit of volatility from month to month but the story it tells is an interesting one nonetheless.

The socio-economic profile is a telling measure of the constitution of people in a local market. We have to be careful when talking about the economic profile of local residents because no statistical measure will really illustrate the character of an area. However, we’ve used the governments ‘NS-Sec’ classification data on our area, which defines local residents in those terms.

This chart shows the most recent split of the number of people buying flats as opposed to houses, as well as the last ten years’ worth of data. This is useful information for anyone with an interest in the local market because it affects the overall market dynamic.

By looking back over the last eight quarters, it’s quite enlightening to see how average sales prices have changed for individual house types. Obviously, the bigger types sell for more, but the quarter-on-quarter changes tell an interesting story.

Since 2009, the highest quarterly price growth in Cheadle was during Barack Obama’s second term (a rise of 11% in Q2 2013)

This is why prices in our area have risen 47.3 per cent since 2010.

We know we live in a great area, and because most people agree, demand has driven up house prices. But how do prices in our area stack up in terms of property types? This chart looks at the comparison over the last eight years.

We’ve included this chart to show the relative number of flats and houses selling in the last 9 months in our area. Due to the profile of the housing stock in the area, there’s nothing too surprising here, but it’s interesting to see how the different types of properties contribute to total sales levels.

Property types are a handy measure of the shape of the market in a local area. For example, areas with lots of flats tend to be urban in character because there is huge pressure on land. A large number of detached homes means that the area is suburban and not very densely populated.