Date: Aug. 4, 2023

No one can deny that the housing market is full of movement and change. Amsterdam Nieuw-West, a vibrant and diverse neighborhood, is no exception with its own unique dynamics. Read this blog for recent trends within the Nieuw-West housing market and what they may mean for the coming quarters.

Key data housing market Amsterdam New West

House prices per square meter

In Amsterdam Nieuw-West, we see a consistency in the average price per square meter. In the third quarter of 2021 it was €5,544 and in the second quarter of 2023 it was €5,497. This minimal fluctuation shows that the market in this area has remained stable, which can be important when making real estate decisions.

 

Average transaction prices

In the third quarter of 2021, the average transaction price was €470,518. This price rose in the fourth quarter to €497,701, but then fell again in the first quarter of 2022 to €487,784. We saw the biggest peak in the second quarter of 2022, when the price shot up to €544,159.

Then there was a decline in the following quarters, with a price of €495,778 in Q3 and a further decline to €465,031 in Q4. Early 2023 saw a significant drop in the average transaction price to €441,143.

Overbidding rates

The percentage of home price bid shows an interesting trend. In Q3 2022, it was 108.1% and dropped to 102.2% in Q2 this year. This indicates changing dynamics between buyers and sellers.

Factors affecting the housing market

When analyzing the data, we must also consider external factors that affect the Amsterdam housing market. Interest rates, government policies and economic growth are just some of the elements that can impact real estate prices and transactions in Amsterdam New West.

Housing market forecast for Amsterdam New West Q3 2023

Based on the current data and our analysis, we can make a tentative prediction that the market may go through a period of consolidation. The number of days a home is for sale has increased from 42 days in Q3 2022 to 57 days in Q2 2023. This may be an indication of a slowing market.

The importance of housing market data

It is crucial for potential buyers and sellers to closely follow these trends. By staying abreast of the latest trends, you can make more informed decisions about buying or selling a home in Amsterdam Nieuw-West.

Complete report prices and trends housing market Amsterdam New West

It makes sense to keep an eye on price trends in Amsterdam West if you own or plan to buy a home there. At Amsterdam at Home, we offer a proactive, personalized and data-driven approach to buying or selling homes.

Download our quarterly report to stay up to date with the latest trends and developments in the housing market each quarter.