Land in Munster hit a six-year low last year with an average price of just €4,406/ ac. However, the November sale of 1,540ac in Fanore, Co Clare, for €1.157m massively dragged down the overall figure.
When the statistics are adjusted to exclude this sale, the average price achieved in the province comes in at a more respectable €9,977/ac.
This is a dramatic recovery from last year's average price of €6,665/ac and is in keeping with the findings of the survey, which suggest that the market has bottomed out.
Excluded from the survey was the 14ac sale of zoned land at Ballinvriskig, Whitescross, Cork, by Fleming Auctioneers in December, which made €1.02m.
This was part of a 99ac residential holding and was excluded on the grounds that it had already been zoned for residential development and therefore was not classed as agricultural land.
The house and farm buildings on three acres were knocked down to €455,000 for a solicitor acting in trust. The remaining portion was withdrawn.
A total of 2,550.2ac were sold for €11,235,500 at auction in the province during the year.