Well-known Williamstown-based auctioneer Gerry Coffey says 2018 was one of the busiest years he has experienced to date.
Many sales were achieved, including in the following areas: Ballaghaderreen, Castlerea, Cloonfad, Ballinlough, Ballyhaunis, Claremorris, Williamstown, Corrandulla, Glenamaddy and Dunmore.
“Not only did we sell a lot of properties” Gerry reflected this week, “we also achieved in excess of the asking price in many instances, which I think is testament to the excellent value the region has to offer”.
Gerry says this trend is a clear indication that prices have ‘bottomed out’ and highlights the return of market activity particularly among first-time buyers. Many rural properties that were static for a few years also sold in 2018, according to Gerry.
As he looks to the prospects for 2019, Gerry is in a buoyant mood. He points out that houses in rural areas have almost sold out due to their price.
“The reality is,” he says, “that you can buy a house now for substantially less than it would cost to build. In fact we have a shortage of houses on our books at present”.
A shrewd observer of the economic and political scene, Gerry says he detects a significant improvement in the economy.
“Property prices have bottomed out and we now have a shortage of good quality rural properties at realistic prices. Due to our recent sales, we now require all types of properties to sell in all areas at North Galway, West Roscommon and East Mayo”.
An experienced auctioneer with a great knowledge of the area, Gerry says he would be delighted to give readers an up to date and realistic market value for their property.
So, to have your residential, commercial or farmland included for sale contact Gerry immediately.
“Give your property the exposure to worldwide markets through our firm” says Gerry. “Remember our motto – ‘We don’t talk about results, we achieve them’”.
In the last year Gerry Coffey completed the sale of many farms. As a rural-based auctioneer, land sales constitute a big part of Gerry Coffey’s property portfolio. In the last 12 months, he has overseen the sale of a number of important farmlands – achieving record prices for the area. Currently the demand for good quality lands is outstripping supply, according to Gerry.
“If you are thinking of selling lands, contact us in confidence for a valuation”.
As a part-time farmer, Gerry is well versed in farming matters, whether it is land letting, land leasing, land sales or acquisitions. If you are considering renting, leasing, selling or buying land in 2019, give Gerry a call first.
Gerry continues to improve his business by completing courses for all aspects of auctioneering, and was awarded the REV status valuer.
“A large part of our business is valuations. As one of the best recognised valuers in the region, I am available for all types of valuations including probate, property transfer, expert court witness, insurance, accounting valuations, martial separation and Fair Deal”.
Charity work and fundraising auctions
Gerry Coffey lives in Granlahan, Ballinlough and is well-known for his involvement with the GAA. He is Chairman of local GAA club, Michael Glavey’s. Gerry would be delighted to help any sporting or community organisation – free of charge – in the running of a public auction to raise funds. Having been involved in fundraising for many years, Gerry is more than happy to help others.
Gerry has also been appointed a Peace Commissioner (P.C.) and is available for document signing.
Gerry has been a long-standing member of Institute of Professional Auctioneers and Valuers (IPAV) and sits on national council and the IPAV rural affairs committee. IPAV is the voice of Auctioneers & Valuers in Ireland.
Due to unprecedented sales in the last few months from 1st time buyers and increased UK enquiries, Gerry Coffey Auctioneers now require the following type of properties: Rural bungalows, country cottages, farms for sale, rent or lease, lands for planting and existing forestry and commercial properties. Talk to Gerry on 094-9643600 or 086-3856050.