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Report says Kerry property prices fell by €5,000 in the last quarter of '22

Jan 3, 2023 09:29 By radiokerrynews
Report says Kerry property prices fell by €5,000 in the last quarter of '22
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A leading property website portal has found that property prices in Kerry have fallen by €5,000 during the last quarter of 2022.

MyHome.ie’s property price report has found that the median asking price for a property in the county is now €230,000.

The median house price refers to the sale price of a home ranked in the middle of a list of properties ranked from highest sale price to lowest.

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MyHome.ie’s property price report, produced in association with Davy stockbrokers, examined the last three months of last year.

The report finds that the median asking price for a property in Kerry stands at €230,000 which MyHome.ie says indicates that prices have risen by €15,000 compared with the same time 12 months ago.

The MyHome.ie report found that asking prices for a three-bed semi-detached house in the county fell by €1,000 over the last quarter of 2022 to €199,000 – but prices in this market segment rose by €14,000 compared to the end of 2021.

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The asking price for a four-bed semi-detached house in Kerry rose by €5,000 during the last three months of 2022 to €240,000 when compared to the preceding period covering August to September – €240,000 represents a yearly increase of €17,500 for this type of home.

The MyHome.ie property price report says at the end of last year, there were 386 properties for sale for the final quarter of 2022, a decrease of 12.7% on the third quarter of the year.

The report also says the average time for a property to go sale agreed in Kerry now stands at nearly four months.

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