Select a region
A Quarterly Residential Property Prices Bulletin released yesterday shows that average house prices are up on the first four months of 2018, and 43 more houses were sold.
The Bulletin itself measures average price changes in residences sold on island each quarter.
The 2018 Q2 stats show here were 183 local market properties sold - 13 fewer than the same quarter in 2017, but 43 more than Q1 2018.
2.7% of those properties transacted in Q2 had been built within the twelve months prior to being sold. 4.4% had been built within the three years prior to being sold.
Additionally, the mix adjusted average purchase price for Local Market properties was £410,830, 0.9% higher than the previous quarter but 1.7% lower than the second quarter of 2017.
The raw median price (realty only) of the 14 Open Market transactions in the second quarter of 2018 was £1,462,500 compared with £779,000 in Q2 2017, when there were also 14 transactions.
On the Open Market, there were 14 transactions made - the same as last year. The report said average residential property prices on the Open Market tended to fluctuate more than Local Market prices due to the very wide ranging sale types and prices, and the small number of transactions.
The (raw) median Open Market price calculated using realty only purchase prices, as recorded by the Greffe was £1,462,500 in the second quarter of 2018.
Comments
Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.