The latest MyHome.ie Property Report, in association with Davy, shows that property prices in Cork have risen by €10,000 in the last year.
The median asking price for a property in the county now stands at €245,000. This was up 4.3% from €235,000 both annually and in the last quarter.
This is the highest property prices in the county have been since they stood at €250,000 some eight-and-ahalf years ago in Q4 2010. In Cork city the median price was €250,000, flat on the year.
The rise in prices was reflected in the median asking price for a 3-bed semi-detached house in the county, which were up 2.1% in the quarter from €235,000 to €240,000. This contributed to an annual increase of 4.3% with prices for this house type also €10,000 ahead of where they were this time last year. Prices for this house type are now at their highest level in just over nine years since they stood at €249,000 in Q1 2010.
Meanwhile, the asking price for a 4 bed semi-detached house in Cork was up 2.7% in the last quarter from €287,250 to €295,000. This contributed to an annual increase of 3.5% with prices for this house type also €10,000 ahead of where they were this time last year
The number of properties for sale in Cork on MyHome.ie jumped by 8.2% in the last quarter and was 4.6% ahead of where they were at this stage last year.
