DCSIMG

House price rises vary across county

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HOUSE price in County Kildare grew by around five per cent over the past year.

An analysis of sales prices on the Property Service Regulatory Authority’s price register shows that compared with the seven months from January to the end of June this year, the median price rose by 5.5% to €190,000 over the same period in 2013.

This price mirrors the average price of the middle third of the price range.

The total seven month sales for 2014 grew from €107.2m to €163.1m. Excluding those sales which did not include a full price, the number of sales rose almost 37% from 565 to 773 over the year. While the average price went up 7.9% to €218,682, it includes top prices such as the €2.86m sale of Newtown Hill, House in Leixlip this year, the highest sale, and the €2.65m price for Stacumny House, Celbridge, in 2013.

The average price of the top twenty sales in the seven months this year was €846,481, 24.7% ahead of the top 20 average for 2013. For the unpropertied lower to middle income earner, the median price, which is close to the average price of all properties in the middle third of the price ranges, better reflects price ranaffordable for many middle to low income earners, excluding very expensive and very low prices properties on the list.

This year the median was €265,500 in Leixlip, €85,000 in Athy and €155,000 in Newbridge, where the average of the middle third was just under €163,000. In Athy this year, the average of the middle third in the price range was €80,430.

In Naas, the number of sales rose from 83 to 110 with the average price of the top 20 moving from €398,575 to €492,317. The average price of the middle third price rise was €215,450 in the seven months of this year compared to €195,507 the previous year.

Total sales in the Naas area, which includes surrounding districts, rose from €18.5m in 2013 to €26.9m this year.

In Maynooth, where many students may find it difficult to find accommodation, the median price was, at €256,753, higher than the county average and 5.9% above the 2013 price.

The average price of the middle third of houses was €267,561 or 12.89% above the 2013 level. There were cheaper options. A quarter of the sale prices recorded were under €212,000, a price at which, assuming a deposit of 10%, the cost of a mortgage over 25 years, at 4.5% would be just under €1,100 a month. In Maynooth the average price of the top 20 sales this year was €545,000, up 41% on the same seven month period in 2013.

 

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