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04 Jan House Price Report Q4 2015 which is Ireland largest property portal have just published their year end review of the housing market. In terms of Mayo, the following are to be noted

·         Asking prices in 2015 have risen by 6%

·         Average price of a home in County Mayo is now €122,000

·         There are 8,000 properties for sale throughout County Mayo which is down from 10,000 in 2014

·         47% of sellers manage to find a buyer within 4 months as compared with 41% during 2014

·         Actual selling prices were on average 0.9% above the asking price as opposed to being 1.3% below during 2014.

·         In terms of specific average asking prices

Property Type

Asking Price

Percentage Difference (from 2014)

1 bed apartment



2 bed terraced house



3 bed semi detached



4 bed bungalow



5 bed detached




Commented on the report, Gerard O’Toole of Tuohy O’Toole said “ the figures within the report underline the recovery which is now evident within the residential market throughout County Mayo. Prices have increased by 6% in 2015 and by 9.6% since the bottom of the market. With the total volume of stock reduced by 20% and renewed confidence within the housing market, it is highly likely that we will continue to see further price growth during 2016. However, there remains serious challenges within the sector and wide variations in the performance of the market and property recovery throughout County Mayo. Here at Tuohy O’Toole, we are preparing a more detailed report on the performance of the housing market throughout County Mayo which should be published next month. This should provide a more detailed and location specific over view of how the property market in performing in the main towns of the county”. 




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