House prices in Roscommon county have risen by 5.5% overall this year to an average of €145,000 according to a new national survey.
The price of an average three-bedroomed semi-detached house in Roscommon town rose by 3.1% this quarter to €165,000, according to the REA Average House Price Survey. The average time to reach an agreed sale remains at seven weeks.
This survey concentrates on the actual sale price of Ireland’s typical stock home, the three-bed semi-detached, giving an up to date picture of the second-hand property market in towns and cities countrywide to the close of last week.
The price of the average three-bed semi-detached house in Roscommon county rose by 1.8% over the past three months according to the national survey carried out by the Real Estate Alliance.
Seamus Carthy of REA Seamus Carthy in Roscommon town said: “What is driving the increase is the affordability factor. Semi-detached homes in Roscommon town offer great value in a town that is overall performing very well”.
Castlerea prices were static this quarter with three-bedroomed semi-detached houses currently on the market at an average of €125,000. The time taken to sell decreased by five 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. After a year of rises to June, agents are citing an uncertainty surrounding Brexit hampering viewing numbers.
REA spokesperson Barry McDonald stated: “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”.