THE average ‘sold price’ for houses across Cork in the first half of 2019 has dropped by 8% when compared to last year, according to new research by Perfect Property, the property search engine.
The average sold price of a house in Cork in the first half (H1) 2018 was €286,501, while in H1 2019 the average sold price was €264,552, a fall of 8%.
An analysis of the figures also reveals those areas that have seen the most dramatic fall in sold prices across Cork.
Skibbereen has seen house prices drop by 19% between H1 2019 and H1 2018, while in Ballincollig and Carrigaline, sold prices have dropped a significant 13% and 6% respectively. Other areas, however, have seen an increase in price.
Youghal has incurred the biggest increase, with house prices 24% higher in H1 2019 compared to H2 2018, followed by Macroom up 22%, Kanturk up 19%, Blarney up 15%, Kinsale up 12%, Douglas up 11% and Fermoy, Cobh and Mallow seeing a 4% increase.
When broken down further, the figures showed an 11% increase in average sold price between the first quarter (Q1) of 2018 and Q1 2019.
Whereas there was a 21% decrease in the average sold price when Q2 2019 is compared to Q2 2018, according to Perfect Property’s figures.