The Life and Times in Carrigaline: House Prices Falling In Carrigaline.

Monday, February 19, 2007

House Prices Falling In Carrigaline.

Buying a house in Carrigaline or the surrounding area? Well buyer beware, because prices in the area have stalled and in many cases, have fallen. Not only that, but the inventory of properties on myhome.ie has increased almost two fold, a similar trend is being repeated at local auctioneers such as Dennehy, Daly and McNamee. With even more developments to come online on Castle Heights and a 100 acre site at Shannon Park being earmarked for development, the property boom in Carrigaline may very well be coming to an end. With job losses in nearby Pfizer and speculation about the removal of Stamp Duty for first time buyers, I think there's scope for further price drops. However, if you must buy right now, don't be afraid to play hardball with auctioneers. I recently viewed a property in the area that was on the market for €400,000, the auctioneer was quite open about accepting an offer as low as €381,000 (the stamp duty threshold).

12 Carrig Avenue, Carrig Na Curra, DOWN €10,000.

€350,000

€340,000

19 Dun Eoin, Ballinrea Road, DOWN €42,500 (price dropped twice!!)

€360,000

€350,000

€317,500

29 Highfield, Ballinrea Road, DOWN €40,000

€340,000

€320,000

€310,000

€300,000 (Sale Agreed)

9 The Close, Waterpark, DOWN €50,000

€350,000

€300,000

30 Waterpark Green, DOWN €20,000

€400,000

€380,000

90 Mount Rivers, DOWN €20,000

€300,000

€280,000

Archella, Ballinrea Road, DOWN €120,000

€720,000

€600,000

6 The Brambles, Heron's Wood, DOWN €30,000

€330,000

€327,000

44 Silverhill, Heron's Wood, DOWN €5,000

€345,000

€340,000

7 Weston Heights, Ballinrea Road, DOWN €5,000

€600,000

€595,000

12 Spring Lane, DOWN €35,000 (price dropped twice!!)

€415,000

€395,000

€380,000

New price drops as of 8th of March!

No. 1 Shrewsbury Park, Fernhill Road DOWN €25,000

€800,000

€775,000

73 Wrenville, Kilmoney Road DOWN €15,000

€360,000

€345,000

14 Kinalea, Nohoval DOWN €2,500

€317,500

€315,000

33 Highfields, Ballea Road DOWN €10,000

€325,000

€315,000

58 Glen Rua DOWN €10,000

€340,000

€330,000

106 Spruce Drive, Ballea Road DOWN €3,000

€298,000

€295,000

Ballea, Forrest Road, DOWN €30,000

€425,000

€395,000

37 Rockboro Heights, Waterpark, DOWN €10,000

€325,000

€315,000

42 Liosbourne, Upper Kilmoney, DOWN €40,000

€415,000

€410,000

€400,000

€375,000

1 The Grove, Herons Wood, DOWN €20,000 (price dropped twice!!)

€325,000

€315,000

€305,000

New price drops as of 8th of March!

30 Dun Eoin Meadow, DOWN €10,000

€350,000

€340,000

27 Kilmoney Heights, DOWN €11,000

€370,000

€359,000

34 Elm Drive, Westwood, DOWN €15,000

€355,000

€340,000

36 The Green, Herons Wood, DOWN €10,000

€335,000

€325,000

It's also interesting to note there are now 10 pages of entries for Carrigaline on daft. Many of the properties that have been listed above are still on the market despite a price fall.

Make what you will of that.

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117 Comments:

At February 19, 2007 at 2:58 PM , Anonymous Anonymous said...

The greed in this country sickens me, greedy speculators and developers in cahoots with fianna fail are just out to rip the public off. Leaving for Oz is the only option.

 
At February 20, 2007 at 4:16 AM , Anonymous Anonymous said...

I've been observing these price drops in Carrigaline for some months now. Good job!

 
At February 20, 2007 at 11:27 AM , Anonymous Anonymous said...

The prices here in Ireland are sickening when compared to the US and Europe. The vested interests would have us believe that prices cannot go down in Ireland - such is our chronic shortage of land :)
They have duped the masses into believing the hype. The smart people have already fled the market. The amateur investors who got greedy will be left holding the losses. Its a long downward slope from here.

see http://thepropertypin.com/forum for more

 
At February 20, 2007 at 2:26 PM , Blogger Carrigaline said...

Fair points, Ultimately however, it's us buyers that have to take responsibility for the inflated property market we have today. Europeans are usually content to own one home. Not us Paddies though! Foreign property in Eastern Europe! Hanging onto the old house when trading up, Section 23 "investments" in deprived areas, etc. If we want European prices, then we're going to have to have to reduce our own greediness.

 
At March 12, 2007 at 10:23 AM , Anonymous Anonymous said...

im going to ask you nicely to remove this blog from your site. me and my husband have been trying to sell our house listed here for 5 months now and the lst thing we need is people like you telling people not to buy.

 
At March 12, 2007 at 11:30 AM , Blogger Carrigaline said...

Remove my blog?

Never! :D

 
At March 13, 2007 at 11:06 AM , Anonymous Anonymous said...

With any forum or blog surely there should be free speech.I wouldn't like to see anyone having difficult selling their house, but I doubt if people will be stopped from expressing their opinion and ultimately we are all subject to market forces. I have a substantial mortgage on my home in Carrigaline, and will probably see the value of the house go down. However I did enjoy some gains over the past number of years.

 
At March 13, 2007 at 11:22 AM , Anonymous Anonymous said...

Fantastic Blog
I note one comment asking you to remove your blog!
Crazy! It may stop people selling their house but it helps so many from the trap of negative equity

Good Work
You get an A+

 
At March 13, 2007 at 1:58 PM , Anonymous Anonymous said...

The only reason a habitable house does not sell is because the price is too high. I see you did not question any of the FACTS collected so far on this site.

Were there issues of factual inaccuracy you would indeed be entitled to ask for a correction but its a bit much to ask for the facts to be removed from public scrutint, very Fianna Fáil in my experience.

 
At March 13, 2007 at 3:02 PM , Blogger GammaGoblin said...

I agree, ban the blog! Me and my wife have been trying to scam nigerians for years now, all we need is you messing things up for us.

 
At March 14, 2007 at 4:40 AM , Blogger Carrigaline said...

To the person who wants me to remove the blog. If you give me proof that you do actually exist and that you are selling a house I have listed, then I'll remove your entry from my site.

It's not my intention to cause hardship on any individual case in Carrigaline.

 
At March 16, 2007 at 5:14 AM , Anonymous Anonymous said...

19 Dun Eoin , the investor property of the 2 Price Drops seems to have been pulled off Myhome now and I'll wager its all your fault Carrigaline blooger.

All thats left is the cached €360k link but its still actually for sale over here (albeit with no price tag , darn )

http://www.mcnameeauctioneers.com/res_s.htm

There are still stacks of Dun Eoin semis for sale at around €340-€350k on myhome.

 
At March 16, 2007 at 5:32 AM , Anonymous Anonymous said...

cheapest dun eoin house now 332k

http://tinyurl.com/25mr5r

 
At March 22, 2007 at 3:58 PM , Anonymous Ambrand said...

Not since the dapeature of pkelly.net to .co.nz have I read such page turning paragraphs on the web about Carrigaline. Keep up the good work.

 
At March 23, 2007 at 5:16 AM , Blogger Carrigaline said...

Some of the links don't work anymore as myhome removes pages of sold/withdrawn properties from their site. Same thing happens with cached google links. With hindsight, I should have made the program I designed to pull these stats save the actual pages as proof.

 
At March 28, 2007 at 12:54 PM , Blogger Sean said...

Very interesting information on the house price drop in Carrig. It could be a blip due to the potential stamp duty changes, or an result of an over supply of house for the area.
In any case, the real issue is how are the roads going to cope with all these new houses ..800+ coming online soon. Thats more worrying than potential correction of house prices.

 
At April 8, 2007 at 5:14 AM , Anonymous Anonymous said...

18 pages of entries on Daft today. Not a great spring 'selling 'season in Carrigaline is it??

 
At April 17, 2007 at 6:36 AM , Anonymous Anonymous said...

Hi.
Regarding prices in Carrigaline, a friend has just bought a house in Dun Eoin for under the stamp duty threshold. There is definitely room for negotiation on asking prices. It's become a buyers market as owners begin to get nervous at the supposed "crash".

 
At April 18, 2007 at 3:15 PM , Anonymous Anonymous said...

This blog is not true. House prices in Ireland can never drop because we are so special. As Clint Eastwood said in million dollar baby "everybody wants to be Irish". This time next year despite 5% ECB interest rate, the average house price in Heron's Wood will be €1 million.

Dan McLaughlin, Chief Economist Bank of Ireland

 
At April 18, 2007 at 3:20 PM , Anonymous Anonymous said...

Houses have never been so affordable. Just feed your kids white bread and Lidl jam and put all that extra money towards your increased mortgage payments. Use any extra money to buy an investment property in Baghdad because George Bush has the insurgency under control.Prices can only go up.

ASS Auctioneers Ltd.

 
At April 18, 2007 at 3:23 PM , Anonymous Anonymous said...

I live in Herons wood but I only have a 3 bed semi. Do you really think it would be worth that much? I would definately sell it now. Who is the best auctioneer in Carrigaling?
Thanks
Stacy

 
At April 18, 2007 at 3:26 PM , Anonymous Anonymous said...

Stacy,

If you can hold out till 2010, your house may be worth €127 billion or the equivalent of the GDP of a medium sized Eastern European country. Retire and buy a province in France and hire your own private army.

A Bright Economist

 
At April 21, 2007 at 3:55 PM , Anonymous Anonymous said...

Fucking governement did all this on purpose just so I couldnt buy a house! That fucking Bertie bastard!

Micky "the arse man"

 
At April 26, 2007 at 11:51 AM , Anonymous Anonymous said...

43 liosbourne down yet another €25k to €375k

http://myhome.ie/search/property.asp?id=309549&np=&rt=search&searchlist

 
At April 26, 2007 at 12:03 PM , Anonymous Anonymous said...

19 Dun eoin down to €300k ans still not sold. Wow thats a low for Dun Eoin where most asking prices are more like €340k . Its well under the magic 317k number where the stamp duty drops to 0 if you are a first time buyer.

Its taken off myhome and can be found here

http://www.mcnameeauctioneers.com/ENLRG_11.HTM

Lots of these houses have hopped to daft from myhome or vice versa in the past few weeks as the wannabee sellers change auctioneers, in hope. Bit of googling required to find them .

 
At April 26, 2007 at 12:11 PM , Anonymous Anonymous said...

52 dun eoin is 305k. note how McNamee is keeping his cheap dun eoin houses off daft and only advertising the expensive ones there ( €350k for a 3 bed semi) .

http://www.mcnameeauctioneers.com/ENLRG_6.HTM

I will bet its price on application next week when they go below €300k

 
At April 27, 2007 at 4:13 AM , Anonymous Anonymous said...

The two houses mentioned above are old listings that haven't been removed from McNamee's server. Those houses were sold a long time ago. Hence the low prices.

You can double check this by going directly to their website and searching through their properties.

 
At April 27, 2007 at 7:14 AM , Anonymous Anonymous said...

see here

http://www.mcnameeauctioneers.com/res_s.htm

some are marked sold and some sale agreed but not those two.

 
At April 27, 2007 at 9:51 AM , Anonymous Anonymous said...

Yes, but click home and then residential and you'll see that the layout and properties are completely different. These are old cache pages, but believe what you want to.

 
At April 27, 2007 at 1:58 PM , Anonymous Anonymous said...

so 19 dun eoin was sold for 300k if thats the case, then an attempt to resell for 360k , finally 317k

 
At June 8, 2007 at 4:38 AM , Anonymous Anonymous said...

most of these are still on the market but have not further reduced their prices.

yet that is.

 
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At August 27, 2007 at 2:52 AM , Anonymous Anonymous said...

Inventory drops

Only 17 pages on Daft now . The slump is over so BUY BUY BUY

 
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At November 28, 2011 at 11:02 AM , Anonymous Anonymous said...

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4-bed semis, under 200k ... never thought I'd see it happen!

Carrigaline Property for sale

 

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