Local Market Constant & Open Market Improving

18th February 2017

Open Market sales have been on the rise in the past year, whereas Local Market sales have been remaining healthily steady.

St. Peter Port Harbour, Guernsey (Photo: Neil Howard)

Local Market Stability

There were 147 Local Market sales between October and December last year, 1 fewer than the same quarter in 2015.

This demonstrates stable market conditions, where an average of 12 households are selling and moving every week. This is in addition to constant activity on the rental market.

The average Local Market house price is staying relatively stable too, with small steady decreases in price. The latest States calculated average Local Market house price stands at £414,086.

This is based on island wide sales during the 4th quarter of 2016. The figure is less than 1% higher than the previous quarter and fractionally more than 2% lower than the same quarter in 2015.

Open Market Sales On The Rise

The Open Market continues to improve as the number of recorded Open Market sales rose from 8 in the final quarter of 2015 to 13 in the final quarter of 2016, due not least to the estimable efforts of Locate Guernsey.