carlowpeople highest, most frequent readership in carlow
.ie .ie t: 059 914 1877
November 19, 2019 March 23 , 2021
FREE
12,000 copies
Through the roof
FREE
www.carlowpeople.ie t: 059 914 1877 www.carlowpeople.ie
House prices rise 2% in just three months
The price of the average second-hand three-bed semi in county Carlow increased by 2% to €182,500 in the last three months, according to a national survey by Real Estate Alliance. Across the county, the average time taken to sell has reflected a national trend and fallen to four weeks from ten between December and March, the Q1 REA Average House Price Index shows. Prices in Carlow town rose by 2.6% to €195,000, with time to sell at four weeks this quarter. “Properties are lasting only a
very short time on the market, most of the time with multiple bidders and quite often, exceeding reserve prices,” said Harry Sothern, REA Sothern, Carlow town. “Like most agents we are almost sold out so anything coming to the market is attracting immediate interest - I had two properties sell recently at 10% above expectation in just four days. “I suspect there are many pentup sellers too, so we should see a big increase in property offerings once restrictions are
lifted.” Tullow prices rose 1.2% this quarter to €170,000, with time taken to sell dropping a fortnight to four weeks. “There is currently a strong demand for starter homes, but not much supply in the marketplace,” said John Dawson of REA Dawson, Tullow. “This lack of supply is a major issue, with a significant number of properties we have listed either under offer or sale agreed.” Nationally, average house prices rose by almost 2% over
the past three months, despite the absence of physical viewing, in a marketplace which is seeing the lowest supply and the shortest time taken to sell in recent history. The REA Average House Price Survey concentrates on the actual sale price of Ireland’s typical stock home, the threebed semi, giving an accurate picture of the second-hand property market in towns and cities countrywide.
Continued on page 8
Blogger Louise Cooney joins Pieta and Electric Ireland in launching Darkness Into Light 2021which takes place on May 8 for a special Darkness Into Light Sunrise, sign up now at darknessintolight.ie. Pic: Andres Poveda