Wexford Chronicle 06-04-2021

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thechronicle

April 6, 2021 t: 0539102441, www.thechronicle.ie

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House prices rise 2.5% in just three months

The price of the average second-hand three-bed semi in county Wexford has increased by 2.5% to €205,000 in the last three months, according to a national survey by Real Estate Alliance. Across the county this quarter, prices rose 2.7% to €190,000 in Wexford town and 2.3% to €220,000 in Gorey, the Q1 REA Average House Price Index shows. The average time taken to sell in these areas fell this quarter, reflecting a national trend, and decreased by a fortnight in

Gorey to eight weeks, and a week in Wexford town to six weeks. “The start of 2021 has been a strange time for estate agents, buyers and vendors alike,” said Winston Halnon of REA Halnon McKenna. “We have agreed a number of sales virtually over the past number of months which is helpful to a point but not an ideal scenario. “Enquiries for all type of properties have been excellent since the start of the year and it shows no sign of abating.

“Purchaser sentiment is strong and despite a very difficult year, there is a feeling of positivity.” Nationally, average house prices rose by almost 2% over the past three months, despite the absence of physical viewing, in a marketplace which is seeing the lowest supply and the shortest time taken to sell in recent history. The REA Average House Price Survey concentrates on the actual sale price of Ireland’s typical stock home, the threebed semi, giving an accurate picture of the second-hand

property market in towns and cities countrywide. The price of a threebedroomed semi-detached house across the country rose by almost €4,500 over the past three months to €243,603 – representing an annual increase of 3.6%. The average three bed semi is now reaching sale agreed after just five weeks on the market across the country – almost half the nine-week average this time last year. Continued on page 8

Little Evie celebrates St Patricks Day Carraig Briste in Davidstown, Enniscorthy, recently

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