Average house price in Mayo rises 1.6% in last three months - survey

THE price of the average three-bed semi in Mayo rose by 1.6% to €160,000 between June and September, according to a national survey carried out by Real Estate Alliance.

Mayo prices rose by 8.1% over the last 12 months, the survey found.

“There is good demand for well-presented family homes and strong activity in the first-time buyer sector,” said Kevin Burke of REA McGreal Burke, Castlebar, where the average house is taking six weeks to sell.

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

The average semi-detached house nationally now costs €234,824, the Q3 REA Average House Price Survey has found – a rise of 1% on the Q2 2018 figure of €232,441.

Overall, the average house price across the country rose by 5.8% over the past 12 months – a decrease on the 8% recorded to June and indicating that the market is continuing to steady after an 11.3% overall rise in 2017.