Carlow House Price Survey September 2020

The time taken to sell the average house in Carlow has fallen by three weeks in the past quarter, a national property survey has found.

The REA Average House Price Survey found that the average time taken to sell across the county fell over the past three months from ten weeks to seven.

As people move away from urban hubs and incorporate new working-from-home lifestyles, the price of the average three-bed semi-detached house in the county rose this quarter by 2.3% to €175,000.

“The market is better than it was pre-Covid,” said Harry Sothern of REA Sothern, Carlow Town.

“On average, one in five purchases are from people cashing in on their houses in Dublin and getting larger houses down the country. People are making life changing decisions to be based down the country.”

Prices in Carlow Town rose by 4.5% to €185,000 this quarter, and time to sell fell by five weeks this quarter and now stands at six weeks.

It has been a busy summer with good demand for all types of residential properties according to John Dawson of REA Dawson, Tullow.

“We have sold a number of houses to clients moving from Dublin who now can work from home,” said Mr Dawson.

“The market will likely get quieter for the winter months with the state of the economy, Brexit and Covid-19 the principal risks to the market for 2020. We are seeing that lack of supply is still an issue in the area.”

Tullow prices are annually unchanged at €165,000, with time to sell falling by a fortnight this quarter to seven weeks.

The REA Average House Price Survey concentrates on the actual sale price of Ireland's typical stock home, the three-bed semi, giving an accurate picture of the second-hand property market in towns and cities countrywide.

The average three bed semi nationally is now reaching sale agreed after seven weeks across the country – a significant fall from the ten-week average in June.

Despite fears of a downturn in the market during the Covid-19 crisis, the price of a three-bedroomed semi-detached house across the country rose by 0.6% over the past three months to €236,046, an annual increase of 0.4%.

Reflecting the beginnings of a flight to rural locations, prices in the rest of the country’s towns rose by almost 1% in 12 weeks to €163,345.

The price of a three-bedroomed semi-detached house in Dublin City rose by 0.5% to €429,333 during the past three months, an annual increase of 0.2%.

Commuter counties fared less well than Dublin, with three bed semis averaging €247,667, a 0.3% rise on the Q2 figure of €246,944.