House Prices down

Last year 8 houses and flats were sold in Moville. They went for an average price of €94,000.

This year 8 houses and flats have been sold so far. They have sold for an average price of €58,000.

That’s a fall of 38%.

It has to be said that the numbers, 8 per year, are not really enough data to go on. One doesn’t know if one is comparing like with like with such a small sample.

However, a house sold on the River Row for €90,000 in late 2012 and another was sold this year for €60,000.

It certainly doesn’t look as if house prices are anywhere near on the rise at all.

It looks as if the local economy is coming off the bottom.

But it doesn’t seem to have translated into house prices rising yet.