Saturday 10 December 2016

Price Guide: Monaghan

Published 17/09/2010 | 15:51

AVERAGE residential property prices in Monaghan continued to decline over the last four months and consequently have now dropped by more than half their peak level for both new and second-hand properties.

  • Go To

The decline in prices also appears to be relatively uniform across the majority of property types. There are exceptions in the second-hand market, where three-bedroom townhouses have fallen 42pc from peak levels, three-bedroom semi-detached houses are down 45pc, and four-bedroom semi-detached houses are down 43pc.

Sales activity appears to have fallen off in recent months, according to many agents, and the average time to get a property sale agreed ranges between four and six months. There is also a large volume of four-bedroom semi-detached houses on the market.

Evidence from recent sales points to a wide variation in prices across the county, which is being heavily influenced by quality and location.

For example, a three-bedroom bungalow in Carrickmacross sold for €165,000, while a three-bedroom semidetached house in Glaslough was sold for €290,000. Meanwhile, a four-bedroom detached house in Inniskeen managed to achieve €350,000, while a five-bedroom detached house in Monaghan Town sold for €325,000.

Local agents are not hopeful of market conditions improving over the short term and there was some disagreement over whether things would improve in 12 months’ time, with some expecting a modest increase in sales activity, while others fearing sales could actually decrease.

New One-Bedroom Apartment

August 2010: €85,000

April 2010: €90,000

Peak Price: €170,000

Change Aug v Apr: -6pc

Change Aug 2010 v Peak: -50pc

Second-hand One-Bedroom Apartment

August 2010: €75,000

April 2010: €77,500

Peak Price: €153,000

Change Aug v Apr: -3pc

Change Aug 2010 v Peak: -51pc

New Two-Bedroom Apartment

August 2010: €100,000

April 2010: €110,000

Peak Price: €230,000

Change Aug v Apr: -9pc

Change Aug 2010 v Peak: -57pc

Second-hand Two-Bedroom Apartment

August 2010: €92,500

April 2010: €105,000

Peak Price: €173,000

Change Aug v Apr: -12pc

Change Aug 2010 v Peak: -47pc

NewTwo-Bedroom Townhouse

August 2010: €110,000

April 2010: €113,000

Peak Price: €230,000

Change Aug v Apr: -3pc

Change Aug 2010 v Peak: -52pc

Second-hand Two-Bedroom Townhouse

August 2010: €102,500

April 2010: €108,000

Peak Price: €210,000

Change Aug v Apr: -5pc

Change Aug 2010 v Peak: -51pc

New Three-Bedroom Townhouse

August 2010: €127,500

April 2010: €135,000

Peak Price: €253,000

Change Aug v Apr: -6pc

Change Aug 2010 v Peak: -50pc

Second-hand Three-Bedroom Townhouse

August 2010: €136,700

April 2010: €125,000

Peak Price: €235,000

Change Aug v Apr: 9pc

Change Aug 2010 v Peak: -42pc

New Three-Bedroom Semi-d

August 2010: €142,500

April 2010: €153,000

Peak Price: €283,000

Change Aug v Apr: -7pc

Change Aug 2010 v Peak: -50pc

Second-hand Three-Bedroom Semi-d

August 2010: €137,500

April 2010: €135,000

Peak Price: €248,000

Change Aug v Apr: 2pc

Change Aug 2010 v Peak: -45pc

New Four-Bedroom Semi-d

August 2010: €172,500

April 2010: €180,000

Peak Price: €325,000

Change Aug v Apr: -4pc

Change Aug 2010 v Peak: -47pc

Second-hand Four-Bedroom Semi-d

August 2010: €165,000

April 2010: €168,000

Peak Price: €288,000

Change Aug v Apr: -2pc

Change Aug 2010 v Peak: -43pc

New Four-Bedroom Detached

August 2010: €201,700

April 2010: €240,000

Peak Price: €460,000

Change Aug v Apr: -16pc

Change Aug 2010 v Peak: -56pc

Second-hand Four-Bedroom Detached

August 2010: €192,500

April 2010: €225,000

Peak Price: €438,000

Change Aug v Apr: -14pc

Change Aug 2010 v Peak: -56pc

New Five-Bedroom Detached

August 2010: €252,500

April 2010: €260,000

Peak Price: €545,000

Change Aug v Apr: -3pc

Change Aug 2010 v Peak: -54pc

Second-hand Five-Bedroom Detached

August 2010: €237,500

April 2010: €250,000

Peak Price: €523,000

Change Aug v Apr: -5pc

Change Aug 2010 v Peak: -55pc

Irish Independent

Read More

Promoted articles

Editors Choice

Also in Life