ERL: Quarter 1 Performance Report
Key to performance ratings
Direction |
|
|
Performance has improved |
|
Performance has been sustained |
|
Performance has declined |
N/A |
No previous data to compare |
RAG Rating |
|
|
Target not achieved |
|
Target slightly missed (within 10%) |
|
Target met |
|
Data Only |
Performance Summary
Green |
Amber |
Red |
N/A[1] |
Total |
|
KPIs |
0 |
0 |
3 |
3 |
6 |
Direction |
Up |
No Change |
Down |
N/A |
Total |
Last Quarter |
3 |
0 |
1 |
2 |
6 |
Last Year |
3 |
0 |
1 |
2 |
6 |
· None of the targetable quarterly key performance indicators (KPIs) reportable to this Committee achieved their Quarter 1 (Q1) target1.
· Compared to last quarter (Q4 2021/22), performance for 75% (3 of 4) KPIs has improved and 25% (1 of 4) has declined1.
- Compared to last year (Q1 2021/22), performance for 75% (3 of 4) KPIs have improved and 25% (1 of 4) of the targetable quarterly key performance indicators has declined1.
Economy
Performance Indicator |
Q1 2022/23 |
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Value |
Target |
Status |
Short Trend |
Long Trend |
|
Footfall in the Town Centre |
2,417,464 |
2,722,375 |
|
|
|
Percentage of vacant retail units in the town centre |
Annual KPI |
When comparing it to the same quarter last year, the footfall count has a decrease of 6.6%, and still slightly falls behind pre-pandemic year (2019) and is 13% lower.
Percentage of unemployed people in Maidstone (out-of-work benefits) [NOMIS] |
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|
Value |
Target |
Status |
Short Trend (Last Month) |
Long Trend (Last Year) |
April 2022 |
3.2% |
1.6% |
|
|
|
May 2022 |
3.0% |
1.6% |
|
|
|
June 2022 |
2.9% |
1.7% |
|
|
|
Number of youths unemployed (18-24) |
|||||
|
Value |
Target |
Status |
Short Trend (Last Month) |
Long Trend (Last Year) |
April 2022 |
605 |
373 |
|
|
|
May 2022 |
510 |
373 |
|
|
|
June 2022 |
515 |
373 |
|
|
|
Unemployment among youth continues to fall every month. The number of youths unemployed in April 2022 is 42.1% lower than the number of youths unemployed in April 2021. However, it is still significantly higher than the pre-pandemic figure of 320 (April 2019).
House Prices in Maidstone – April 2022 |
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House Type |
Average price |
Target |
Short Trend (Last Month) |
Long Trend (Last Year) |
All properties |
£344,695.00 |
|
|
|
Detached Houses |
£596,717.00 |
|
|
|
Semi-detached Houses |
£375,041.00 |
|
|
|
Terraced Houses |
£287,488.00 |
|
|
|
Flats & Maisonettes |
£188,449.00 |
|
|
|
Prices for all properties saw a decline of 1.4% in April 2022 against March 2022, however all properties saw a growth of 12% against April 2021. Prices of detached houses declined in April 2022 by 2.2% against March 2022 and increased by 12.4% against April 2021. Semi-detached houses declined by 1.3% against March 2021 and increased by 10.7% against April 2021. Terraced Houses declined by 1.03% and saw a growth of 9% against April 2021. Flats & Maisonettes saw a decline of 0.9% against March 2022 and saw a growth of 7.1% against April 2021.
At the time of writing this report, volumes have not yet been published by HM Land Registry for quarter one of 2022, so figures are provided up until April 2022. In April 2022, the number of properties sold in Maidstone saw a decline of (29.4%) when compared with March 2022 (143, down from 185). In March however, houses sold increased by 23.3% to February 2022 (185, up from 150). When compared to April pre-pandemic (2019), the sales of properties decreased by 18.8% (143, down from 170).