Threefold increase in 'Sale Agreed' properties

Threefold increase in 'Sale Agreed' properties

Threefold increase in 'Sale Agreed' propertiesThere has been a threefold increase in the number of ‘sale agreed’ second hand homes in January compared to the same time last year according to new research carried out by MyHome.ie. The new data shows that sale agreed properties in Dublin rose by over 300% with 658 properties reaching sale agreed status last month compared with just over 200 … in January 2009. Similar trends were seen in the counties of Kildare, Wicklow and Meath.

Not only that but the report showed that the month of December actually saw the highest number of sale agreed properties per month in the whole of 2009 in what MyHome.ie would call normally a quiet time for the property market.

The report ends with more signs of positivity in the property market showing that to date, the month of February is already displaying good performance with twice as many sale agreed homes in Dublin compared with the same month last year.

There are 4 comments for this article
  1. kieron at 11:35 pm

    I hope the prices stay low as we are going to relocate near Athy from the uk and we wish to sell up here and get over with your folk before the market swings back and we miss the boat………. I personally think your houseing market has still a way to go down as when the country starts to repay the interest on the loans the s—- will hit the fan big time. At least I am bringing my money your way every little bit helps

  2. lynne at 8:02 am

    hi my parents live in Glasthule in a small estate of 52 houses and 5 houses went up for sale in november they are all sold now and at the asking prices one sold in 2 weeks at 400000e … 3 bed i bath no car space so when u say vested interests it also applys to people who want to stay cynical and continuosly talk prices down the facts are the facts rents hve gone up 1% and sales Jan trippled those from last jan … it might get better it might not but prices in my opinion hve neared bottom out……..

  3. Leon at 11:42 am

    Maybe the increase is due to people agreeing to sell their homes way below value just to pay off mortgages or bills in which case its not that healthy a sign!?

  4. Johnboy at 11:17 am

    Interesting…
    What % of january 2006 or january 2007 do these numbers represent?
    What prices are these houses selling at vs peak prices?
    How many sale agreed revert to for sale when the bank changes their mind?
    Methinks it’s another vested interest trying to talk up the
    market for their own good. Houses in most of
    the country are still too expensive. These 300% increases are
    from very low numbers. The bottom has
    not been reached yet in terms of prices.

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