Average Clare House Price Up More Than €20,000 In Last Year
The average cost of a home in Clare has increased by almost 10% in the past year.
It comes as two newly published property price reports point to the lowest level of housing stock here in almost two decades.
According to Daft.ie’s latest quarterly report, representing the market from January to March, the average cost of a home in Clare is now €256,174, which is a year-on-year hike of 9.4%.
It’s the fourth-highest annual increase in property prices nationwide, with the greatest rise coming in the way of five-bed homes, which rose by 17% to command a sum of €336,000.
There was some reprieve for perspective buyers when it comes to one-bedroom apartments which fell by 3% to €96,000.
According to Daft.ie, there were fewer than 2,850 homes on the market across the province in March, which is the lowest total on record since 2007.
The Real Estate Alliance has also published It’s January to March report which found that although the average listed price of a second-hand three bed home was €245,000, its average selling price was €308,235 due to buyer competition.
According to the REA, 45% of all sales in the first quarter were attributed to landlords leaving the market, while on average it only took six weeks for a property to go from ‘for sale’ to ‘sale agreed’.
