Latest average house price and details of Open Market surge

13th February 2013

The States Policy Council has calculated the average mixed adjusted purchase price of local market properties for the final quarter of 2012 was £442,508, nearly 1% higher than the same period in 2011, but 0.6% less than the third quarter of 2012, suggesting level market conditions.

There were significantly fewer sales in the final quarter of 2012 compared to previous quarters, but a marked increase in the number of properties under offer with Cooper Brouard during January and February suggest this trend is changing.

The Policy Council’s figures show this is already happening on the Open Market with the average price rising to £1,115,000 and the number of sales rising steadily throughout the whole year. The true story actually shows greater increases because the Policy Council use Raw Median averages (Realty price only excluding Personalty) and does not record the sales of property by Share Transfer, by which method many higher priced properties are exchanged.

Contact Directors Ross Le Marquand (Open Market) and Matthew Brouard (Local Market) to discover the levels of value, demand and activity in your part of the market. Email ross@cooperbrouard.comor matt@cooperbrouard.comor call on (01481) 236039.