The market is picking up in the Wexford area but there is still a shortage of well-priced townhouses
After a 45 per cent increase in transactions in 2014, there was only a modest rise in sales activity for Wexford last year, up just 4.5 per cent. This compares with an average national increase of 11.9 per cent year on year for 2015.
According to data from property website MyHome.ie, 1,397 sales took place in the county in 2015, up from 1,337 the previous year. First-quarter transaction figures for 2016 indicate this slowdown has continued, with transaction levels down by 14 per cent, compared to a national average of -11.3 per cent, in the first three months of 2016 compared with the same period in 2015.
In total, 288 sales were recorded in Wexford between January and March this year, down from 335 in the same period last year. However, this fall-off in transaction levels may be offset by upward pressure on price.
One new development that has just launched its second phase is Ard Uisce, on Whiterock Hill, about 3km from the town. This is made up of 24 A-rated homes with prices ranging from €175,000 for a three-bedroom terrace house to €219,500 for a four-bedroom detached property. Sales are being handled by Kearney & Co, which has sold 16 new houses in the same development over the past eight months. “Not long to go until we reach the halfway point of 2016 and it has definitely been the best six months for the property market in Wexford in a long while,” says estate agent John Kearney.