The price of the average three-bed semi in County Mayo has remained unchanged over the past year according to a national survey carried out by Real Estate Alliance.
Mayo prices were static at an average of €160,000, the REA Average House Price Survey found.
The survey concentrates on the actual sale price of Ireland's typical stock home, the three-bed semi, giving an up-to-date picture of the second-hand property market in towns and cities countrywide to the close of last week.
“Prices remain stable and demand is reasonable. Buyers interested in relocating from the UK are active in the market,” said Kevin Burke of REA McGreal Burke.
Westport prices were static this quarter and three-bed semi-detached houses are currently on the market at an average of €252,000, while the average time taken to sell increased from eight weeks to ten.
“Demand remains reasonable from owner occupiers for properties close to the town centre. Prices remain steady, but supply is limited,” said Robert McGreal of REA McGreal Burke, Castlebar.
Prices for the average three-bed semi-detached house in Castlebar remained unchanged this quarter at €160,000, with time on the market remaining at 12 weeks.
The average semi-detached house nationally now costs €235,009, the Q3 REA Average House Price Survey has found – a drop of 0.43% on the Q2 2019 figure of €236,028.
The price of a three-bedroom semi in Dublin’s postal zones fell by an average of €4,500 in the past three months as Brexit uncertainty affects buyers.
Three-bed semi-detached houses in Dublin city registered a third consecutive quarter fall (-1%) since the end of June and have decreased by -3.3% to €428,500 compared to September 2018.
Prices also fell by 1% in the commuter counties in the past three months, with the average house now selling for €246,611 – an annual fall of 0.7%.
After a year of rises to June, agents are citing an uncertainty surrounding Brexit hampering viewing numbers.
Prices in the country’s major cities outside Dublin – Cork, Galway, Waterford and Limerick – remained unchanged in the past three months.
“The highest annual price increases (3.3%) were once again seen in the rest of the country’s towns which rose in selling price by an average of €5,000 in the past year and 0.36% in the past three months to €161,724,” said REA spokesperson Barry McDonald.
Ends
Available for interview:
Kevin Burke, REA McGreal Burke, 087 679 2911
Robert McGreal, REA McGreal Burke 087 926 9190
Media information: Holly Carr, 085 777 8568 holly@mediaconsult.ie
