The rise in Roscommon House prices has continued with the Average Price now standing at €121,488.
The good news for anyone wishing to buy is that Roscommon House Prices remain among the lowest in the country, according to today’s report from Daft.ie. In percentage terms that price of Houses for sale in Roscommon has risen by 13.5% since June 2015, which is well above the national average of 6.3%.
A breakdown of the figures in the report shows that:
– The average price of a 1 Bedroom Apartment is €39,000 (Same as April figure. Up 4.4% since this time last year.)
– 2 Bed Terrace Houses for sale in Roscommon are priced at €47,000 (Up €4,000 since April. Overall that’s an increase of 15.1% since this time last year.)
– A 3 Bed Semi-Detached House in Roscommon will cost €70,000 (Up €4,000 since April. Overall that’s an increase of 12.5% since this time last year.)
– while the average price of a 4 Bedroom Bungalow is €144,000 (Up €8,000 since April. Overall that’s an increase of 9.7% since this time last year.)
– and a 5 Bedroom Bungalow is, on average, €159,000 (Up €6,000 since April. Overall that’s an increase of 2.6% since this time last year.)
The continued rate of price increase in Roscommon now means that three counties have lower house prices.
Longford is the least expensive, with an average price of €104,292. Sligo is the second least expensive, at €117,688, closely followed by Leitrim which has an average price of €118,590.Among the other interesting points in the report were that
Over half of all properties sell within four months
Just over half (54%) of all properties in the Connacht-Ulster Region find a buyer within four months
Prices further above asking
The average transaction price in Connacht-Ulster is now 3.7% above the original list price, compared to 0.3% above the list price this time last year.
Increase in Supply
There were just 6,900 properties for sale in Connacht-Ulster at the start of June 2016. This was 400 up from the March figure, which was the lowest on record.
Leitrim and Cavan increases
Prices of houses in all the counties in the Connacht-Ulster Region continue to rise year on year, the largest percentage increases are in Leitrim (20%) and Cavan (16%).