House price report for the third quarter 2020

19 November 2020

The house price report for the third quarter 2020 has been published today by Statistics Jersey.

In the third quarter of 2020:

on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q3 2020 was 1% higher compared with the previous quarter (year ending Q2 2020)
on a quarterly basis:

the seasonally adjusted mix-adjusted average price was 1% higher than in the previous quarter and was 3% higher than in the corresponding quarter of 2019 (Q3 2019)
2- and 3-bedroom houses and 1-bedroom flats saw an increase in mean price compared with the previous quarter; each of these property types recorded their highest mean prices to date
in contrast, 2-bedroom flats and 4-bedroom houses saw a decrease in mean price compared with the previous quarter

more than double that in the previous quarter, Q2 2020, which had seen the lowest quarterly turnover for more than 7 years
a sixth (16%) higher than in the corresponding quarter of 2019 (Q3 2019)

overall housing market activity, on a quarterly basis, was more than double that in the previous quarter (Q2 2020) and was almost a fifth (19%) higher than in the corresponding quarter of 2019
on a rolling four-quarter basis, advertised private sector rental prices increased by 1% during the year ending Q3 2020 compared with the year ending Q2 2020