Official figures published today confirm that the third quarter of 2020 was the busiest in terms of property sales since 2006.
There were 277 local market transactions during Q3, 136 more than the previous quarter and 28 more than the same quarter of 2019.
The average purchase price of a local market property of £465,664 was 9.2% higher than the third quarter of 2019. This annual change was the highest since this measure was first calculated in 2008.
‘Swoffers has had a very busy time since the easing of lockdown back in May,’ said local market negotiator, Antonia Thomas.
‘These Q3 figures don’t even include October which saw the highest number of local market transactions in a single month.
‘What we are noticing now is a significant reduction in stock levels and any properties that are well-presented and well-priced are attracting substantial levels of interest with multiple offers being received from cash buyers.
‘Anyone seriously looking to move should keep their eye on our website and social media feeds and be ready to view at the drop of a hat,’ advised Antonia.
The open market also continues to perform strongly with 20 sales in the last quarter compared with 16 in the previous quarter and 18 in Q3 2019.
‘Swoffers has maintained its position as the leading estate agent completing more than two thirds of all open market sales this year,’ said Alex Stuart, open market negotiator.
‘We are continuing to receive enquiries from new clients keen to explore what Guernsey has to offer as well as those on-island looking to buy and sell. We can offer virtual walkthrough viewings for the majority of our open market properties, so you don’t even need to be on-island to get a good idea of what a property has to offer.
‘We have a large number of open market properties under offer and are also regularly listing new properties including a number of confidential instructions,’ said Alex.
‘We expect to remain busy through to the end of the year.’
Full details of the quarterly property prices bulletin can be found on the States of Guernsey website