Sunday 11 December 2016

Price Guide: Galway City

Published 20/09/2010 | 10:50

Galway Harbour
Galway Harbour

Four-bedroom detached houses are the market segment that have suffered the biggest price falls from peak in percentage terms in Galway City. Both new and second-hand four-bedroom detached dropped 47pc. New two-bedroom apartments and townhouses have also fallen by a somewhat similar level from peak values.

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The majority of agents surveyed in Galway City have seen an increase in sales activity since last April, with the bottom end of the market in terms of value described as being reasonably buoyant. On average it takes between three and six months to get a property sale agreed in the city. Overall there is little expectation of a change in market activity over the next six months, although agents are hoping to see a further improvement by this time next year.

With little change in the volume of stock on the market over the last four months, there was widespread agreement amongst agents that the market could do with having more three-and four- bedroom semi-detached houses, of good quality and in good locations.

Agents were keen to point out that there was not a particularly big overhang of unsold stock in the city, unlike in other towns and villages located across the county. That said, it is proving difficult to shift apartments in suburban locations as many first-time buyers are now considering purchasing townhouses or semi-detached houses that would previously have been out of their price range.

New One-Bedroom Apartment

August 2010: €125,000

April 2010: €130,000

Peak Price: €180,000

Change Aug v Apr: -4pc

Change Aug 2010 v Peak: -31pc

Second-hand One-Bedroom Apartment

August 2010: €126,700

April 2010: €140,000

Peak Price: €200,000

Change Aug v Apr: -10pc

Change Aug 2010 v Peak: -37pc

New Two-Bedroom Apartment

August 2010: €156,700

April 2010: €195,000

Peak Price: €290,000

Change Aug v Apr: -20pc

Change Aug 2010 v Peak: -46pc

Second-hand Two-Bedroom Apartment

August 2010: €173,300

April 2010: €190,000

Peak Price: €285,000

Change Aug v Apr: -9pc

Change Aug 2010 v Peak: -39pc

New Two-Bedroom Townhouse

August 2010: €170,000

April 2010: €200,000

Peak Price: €310,000

Change Aug v Apr: -15pc

Change Aug 2010 v Peak: -45pc

Second-hand Two-Bedroom Townhouse

August 2010: €185,000

April 2010: €200,000

Peak Price: €310,000

Change Aug v Apr: -8pc

Change Aug 2010 v Peak: -40pc

New Three-Bedroom Townhouse

August 2010: €190,000

April 2010: €215,000

Peak Price: €325,000

Change Aug v Apr: -12pc

Change Aug 2010 v Peak: -42pc

Second-hand Three-Bedroom Townhouse

August 2010: €205,000

April 2010: €215,000

Peak Price: €325,000

Change Aug v Apr: -5pc

Change Aug 2010 v Peak: -37pc

New Three-Bedroom Semi-d

August 2010: €216,700

April 2010: €235,000

Peak Price: €340,000

Change Aug v Apr: -8pc

Change Aug 2010 v Peak: -36pc

Second-hand Three-Bedroom Semi-d

August 2010: €213,300

April 2010: €240,000

Peak Price: €328,000

Change Aug v Apr: -11pc

Change Aug 2010 v Peak: -35pc

New Four-Bedroom Semi-d

August 2010: €245,000

April 2010: €255,000

Peak Price: €365,000

Change Aug v Apr: -4pc

Change Aug 2010 v Peak: -33pc

Second-hand Four-Bedroom Semi-d

August 2010: €248,300

April 2010: €258,000

Peak Price: €375,000

Change Aug v Apr: -4pc

Change Aug 2010 v Peak: -34pc

New Four-Bedroom Detached

August 2010: €331,700

April 2010: €400,000

Peak Price: €625,000

Change Aug v Apr: -17pc

Change Aug 2010 v Peak: -47pc

Second-hand Four-Bedroom Detached

August 2010: €331,700

April 2010: €285,000

Peak Price: €625,000

Change Aug v Apr: 16pc

Change Aug 2010 v Peak: -47pc

New Five-Bedroom Detached

August 2010: €420,000

April 2010: n.a.

Peak Price: n.a.

Change Aug v Apr: n.a.

Change Aug 2010 v Peak: n.a.

Second-hand Five-Bedroom Det

August 2010: €422,500

April 2010: n.a.

Peak Price: n.a.

Change Aug v Apr: n.a.

Change Aug 2010 v Peak: n.a.

Irish Independent

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