Wednesday, June 26, 2019

 

The price of the average three-bed semi in County Roscommon rose by 3.6% in the past year, according to a national survey carried out by Real Estate Alliance. County Roscommon prices remained static this quarter at €142,500, the REA Average House Price Survey found. The survey concentrated 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.

“The market is active, with a shortage of stock likely to result,” said Seamus Carthy of REA Seamus Carthy in Roscommon Town.

“We are seeing growth in sales of lower priced properties, higher priced semis are not moving as fast,” he added.

Roscommon Town property prices were static this quarter and the average three-bed semi is currently on the market at €160,000 with the time taken to sell remaining at six weeks.

The price of the average three-bed semi in Castlerea stayed static this quarter —at €125,000 — and the average time to reach sale agreed rose from five weeks to six.

The average semi-detached house nationally now costs €236,028, the Q2 REA Average House Price Survey has found – representing a rise of 0.05% on the Q1 2019 figure of €235,898.

Overall, the average house price across the country rose by 1.54% over the past year — a decrease on the 2.96% recorded to March and an indication that the market is continuing to steady after an 8% overall annual rise to June 2018.

Prices in the country’s major cities outside Dublin were relatively static with agents in Galway and Limerick reporting no change due to an increase in supply and new homes developments.

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