Average selling price of Limerick home is now €117,000

Anne Sheridan

Reporter:

Anne Sheridan

House auction concept shot with a sign, home and gavel
JUST over 30 properties in Limerick sold last month, the lowest number of sales locally in over a year.

JUST over 30 properties in Limerick sold last month, the lowest number of sales locally in over a year.

The value of properties sold in Limerick for February amounted to nearly €4m, with the exclusion of one investment property. The average price for a house in Limerick, according to figures with the Property Price Register is just over €117,000.

A total of 95 properties across Limerick city and county have sold to date this year, though sales continue to be added to the national register.

By comparison, 1,006 properties sold in Dublin for the same period, 342 sold in Cork, Galway had 168 sales, Kerry had 112, Tipperary had 114, 72 properties sold in Mayo and 70 sold in Clare.

Overall there have been 3,187 sales in the entire country to date this year, with Limerick sales representing less than 3% of the entire lot to date.

One of the cheapest properties to sell in Limerick in recent months was a house in Moylish Crescent, Ballynanty Beg, for €9,000, while one of the most expensive was the €2m Derravoher house on the North Circular Road which has been bought by Villiers school to allow for further expansion of the school.