Strong sales as house prices resume their upward march

Thursday 13th May 2010, 11:30AM BST.

Property market HOUSE prices have shot up, along with sales.

For the first quarter of 2010 the median average local market home cost £364,088, according to the Policy Council’s property prices bulletin, released today.

This represents an annual increase of 25.9% and a quarterly one of 10.2%.

The fourth-quarter moving average figure, which is designed to eliminate some seasonal fluctuations by taking a mean average over a year, was £346,369.

Swoffers estate agency director Spencer Noyon said the trend was clear, although he warned that one set of figures taken on their own could be misleading.

Read the full story in the Guernsey Press. See below for subscription details.

View more: Charles Parkinson news, Treasury And Resources news.

1
Carts

May 13, 2010 at 12:47 pm

So, using this logic, if only one house sells in April for £500k and only one house sells in May for £750k then house prices in Guernsey have grown 50% in a Month? So, using this example, only 2 houses have been sold in amonth but the market is booming. Trend or spin….you decide.

Report abuse
2
Ray

May 13, 2010 at 2:46 pm

Carts

Pure spin if averages were indeed worked out on your example

Nevertheless it is interesting that in the Underoneroof magazine which came with today’s Press there are two builder free plots available at 428K and 320K

Puts the average 364K for an average house in the Cart’s type of spin category!

I suspect that when they talk of house average prices they are really talking houses and flats combined averages

Report abuse