Average local market price is £462,110

12th February 2015

The mix-adjusted average price of a local market property between October and December 2014 has been calculated by the States Policy Council as £462,110, a drop of 0.9% from the previous quarter but 3.5% higher than the same quarter last year.

This clearly shows a trend of steady market conditions as the third quarter in 2014 witnessed a 0.6% drop on the previous quarter, but was 0.5% higher than the same quarter the year before.

The fewer number of sales headlined by the media is due to stricter mortgage provisions and does not reflect the underlying demand in the housing market.

Contact any of the sales negotiators at Cooper Brouard on 236039 or enq@cooperbrouard.com for realistic advice on current market values.