REA

Q3 House Prices County Wicklow

10 October 2019

The price of the average three-bed semi in County Wicklow fell by 2% over the past three months, according to a national survey carried out by Real Estate Alliance. Wicklow prices fell overall by 2.3% to €284,200 over the past year, 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. “There is a noticeable decrease in viewings and prices achieved over the last quarter in Wicklow Town,” said Matt Forkin of REA Forkin, North Wicklow. “We feel that this is due to a high volume of new homes in the market, mortgage lending, and purchasers holding off until Brexit is finalised.” The price of the average three-bed semi-detached house in Wicklow town fell this quarter by 3.1% to €310,000, with time on the market increasing from 10 weeks to 11. Prices for the average three-bed semi in North Wicklow and Bray fell by 2.8% this quarter to €306,000 and €340,000 respectively, with average time to reach sale agreed rising for both areas from 10 weeks to 11. Average three-bed semis in Baltinglass were static in price this quarter and are currently on the market at €170,000, with the time taken to sell remaining at 12 weeks. The price of the average three-bed semi in Blessington also remained unchanged this quarter at €295,000, with the average time to sale standing at six 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:

Simon Murphy, REA Murphy, Baltinglass and Blessington, 087 231 0005 Matt Forkin, REA Forkin, North Wicklow, Wicklow Town and Bray 087 7586920

Media information: Holly Carr, 085 777 8568 holly@mediaconsult.ie

Message from Board Director

Eoin Dillon 
REA Eoin Dillon

Under the REA banner, our clients have access to a national network with an international dimension, and we have recently linked up with the UK’s largest property website www.rightmove.co.uk, who now list our properties directly to overseas buyers.

We move people not just property.

Eimer O'Keeffe, Marketing Manager REA