Welcome to our latest update on the Jersey property market as we delve into the latest trends and statistics to offer an informed view of the Jersey real estate landscape. This week, 21 property transactions were completed, with 17 being purely residential. Notably, more than half of these transactions fell within the £300K-£600K range, a price bracket indicating robust demand for mid-range homes, while 3 sales surpassed the £1 million mark, highlighting limited interest in high-end properties.
While there’s currently a perception that the market is “quiet,” it’s important to explore what that truly signifies. Comparing this week’s figures to the same period in 2022, when there were 33 property sales, including 6 transactions above £1 million, reveals a significant reduction in overall activity. This decline in higher-end sales suggests a cooling demand in the luxury segment, contrasting with the more robust interest seen in lower price brackets. Some reasons for this could be shifts in buyer behaviour, lending conditions, and broader economic factors which are impacting the market.
As we continue to navigate this evolving market, understanding these dynamics will help both buyers and sellers identify emerging opportunities in various segments of the property landscape. As a seller its even more important that you are putting your ‘best foot forward’ as you market your home and you can read more on that here.
- Flat 6 Keel House Green Street, St Helier was sold for £540,00. FLYING FREEHOLD – Keel House presents a modern two-bedroom, one-bathroom apartment near Havre Des Pas, blending contemporary design with Victorian charm. The open-plan living area features a sleek kitchen, vaulted ceilings, and high-end appliances, with glass doors opening to a large terrace. Both bedrooms include built-in wardrobes and terrace access, while the bathroom showcases Victorian-inspired fixtures. Outside, enjoy a dedicated parking space with an electric charger and private storage. The listing price was c£560,000
- Flat 1, 5 Clarence Terrace, Clarence Road,St Helier was sold for £285,000. One-bedroom, one-bathroom – Recently renovated ground-floor apartment that combines charm with modern style. High ceilings, period features, and plantation shutters enhance the open-plan living/dining/kitchen area and spacious double bedroom. The modern bathroom features marble-style tiles. Includes a large private storage cupboard. No parking. Listing price was c£295,000
- 2 Le Grand Clos, La Rue es Picots, Trinity was sold for £780,000 This immaculate 4-bedroom home in Trinity, available to first-time buyers, offers a spacious open-plan living area, quality kitchen with appliances, and a South-facing patio and garden. The property includes three double bedrooms (main en suite), a single bedroom, ample storage, wet electric underfloor heating, and is pre-wired for solar panel installation. Listing price was c£785,000
- Catalonia Le Mont Fallu, St Peter was sold for £710,000. A well-maintained 5-bedroom detached dormer bungalow features a west-facing garden, with 4 double bedrooms, 1 single, and a shower room on the ground floor. The home includes an open-plan kitchen/diner, a single-glazed conservatory off the lounge, plans approved for a potential upstairs bathroom, parking for three cars, and a manageable garden with mature shrubs and a patio area. The listing price was c£749,000
- Flat 14, Magnolia House, La Route de St Aubin, St Lawrence was sold for £580,000. This two-bedroom, two-bathroom first-floor apartment in the desirable Magnolia House at Bel Royal features a new bespoke kitchen, a spacious lounge/diner opening to a balcony with sea and country views, and an en suite in the principal bedroom. Additional highlights include a separate utility cupboard, ample storage, secure basement parking for two cars, and a private lockup store, all in walk-in condition. listing price was c£595,000
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Many thanks
Danny
