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Archive for September, 2010

Current State of Sligo’s Property Market

There is lots of media attention being given to the turbulent times being experienced in the property market at national level & to try to give an overview of where the market is at locally we have recently spoken to Shane Flanagan of DNG Flanagan Ford to find out what they are experiencing in the current market.

“The Sligo market has suffered the same percentage falls as experienced in most other provisional towns around the Country. From our research the average price fall in the market place is between 35% & 40%. However there are cases which this is both lower & greater. 2010 has seen a great improvement in the volume of sales which we have managed to achieve over our 2009 figures.

In 2009 a large percentage of booking deposits paid were ultimately refunded as the property market continued to fall at quite a fast pace. With buyers seeing the market fall at slower pace we are experiencing far greater percentage of sale completions over the first 9 months of this year. Vendors have helped us in this regard. Most people we talk to at the moment who are considering selling are prepared to put the property up for sale at realistic values. They are no longer looking for 2006 prices and this has lead to a strong increase in the number of viewings we are getting. We anticipate the market will start to level very shortly with a sense of normality returning. And not a day too soon!!!” said Shane Flanagan.

This trend seems to be the same as experienced by many other agents in the area who all collectively seem to be reporting an increase in the level of viewings, especially for properties which have recently been placed on the market.

According to Shane Flanagan of DNG Flanagan Ford some properties that they have placed on the market recently have sold in the first 2 weeks after being placed on the market

“We recently placed a property on the market in Heatherview, which we sold within the first 10 days of it going on to the property market.

We have numerous other experiences of properties going to the market with realistic asking prices at todays date where viewing numbers are at levels not seen for almost 4 years in the Sligo area. We are currently under offer on 5 different properties & deals are being done very regularly, but more importantly these deals are actually being completed by the willing buyers ” .

To get the most up to date list of all the properties available on their books with prices etc visit their website at www.dngflanaganford.ie & they would be delighted to arrange an inspection for you of any of the properties that may suit your needs.