The average price of a second-hand, three-bed semi-detached house in Kerry rose by 2.6% in the first three months of the year.
That’s according to the latest national survey by Real Estate Alliance for the first quarter of the year.
The average cost of three-bed homes in the county is now €300,000; that’s up from €292,500 in December.
Across Kerry, first-time buyers made up 40% of the market during the first quarter, with 15% coming from buyers moving out of cities.
The average time taken to complete a sale in the county is now seven weeks, down one week from an average of eight in the previous quarter, the survey shows.
In Killarney, the average price for a three-bed semi is now €360,000, up 2.27% from an average of €350,000 in the previous quarter, while the time to sell has fallen by one week to seven over the same period.
The average cost of a similar property in Tralee rose by 2.13% from €235,000 to €240,000 in the first three months of the year, while the time to sell also dropped by one week to seven.
Across Ireland, the actual selling price of a three-bedroomed semi-detached rose by 0.6% over the past three months to €293,343 – representing an annual increase of 5.3%.
House prices in Dublin recovered after a pre-Christmas fall and rose by 0.5% to €498,333 in the past three months, slightly exceeding last September’s prices and showing an annual rise of 3.5%.
Nationally, first-time purchasers make up 60% of the market, the quarterly survey has found.
