House price plummet in Redcastle
Jan09
on January 9, 2014
at 8:23 pm
Posted In: Buncrana, Carndonagh, Derry, Donegal, Greencastle, L/Derry, Letterkenny, Moville, Redcastle
Tailspin
House prices were in a tailspin in Redcastle last year.
In 2012 there were 5 houses sold for an average price of €134,000.
In 2013 there were 4 houses sold for an average value of €51,500.
Adjustment
In 2012 one house in Tullyally was sold for €300,000 in 2012.
That perhaps skews things a bit so let’s take that out.
That still gives an average house price for 4 houses in 2012 of €92,000.
That’s a fall of 44% last year from the previous year.
That compares with a fall of 27% in Moville and 30% in Greencastle last year.