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.
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 email@example.com