O’Donnellan & Joyce auctions see enormous increase in sales but values down

O’Donnellan & Joyce reports for 2011 that the property market had a huge up-turn in terms of sales, however prices continue to drop.

According to Colm O’Donnellan of O’Donnellan & Joyce the property market experienced a further hammering of values; this the fourth year in a row that the values have dropped dramatically. The positive from last year was the number of sales achieved increased significantly on previously years. Auctions were enormously successful with vast crowds in attendance with 79 houses being placed up for sale and 73 houses sold. This is a record number of houses to be placed under the hammer with a 93 per cent success rate.

Owners have become extremely realistic with their asking prices and a large number of properties went to auction for what was perceived to be less than the market value, attracting enormous interest from buyers who were chasing value. There was a huge mixture of houses on offer from city centre investment to prime residential property both in and outside the city. O’Donnellan & Joyce holds all its auctions in the Victoria Hotel, Eyre Square, and the company has become a household name synonymous with auctions throughout the country.

O’Donnellan & Joyce auctions have a unique style in which the company has managed to create a wonderful balance between entertaining and the serious business of selling in a relaxed atmosphere, which is important and makes the buying and selling at auction successful. The following is the list of houses sold by public auction by O’Donnellan & Joyce in 2011.

December 16

No 35i Merchants Dock Sold €136,000

No 19 The Waterfront Sold after auction

Bungalow at Menlo Sold €196,000

Bungalow at Lydican Sold €142,000

No 12 St Bridget's Place Sold €137,000

No 118 Glasán, Ballybane Sold €87,000

No 143 Glasán, Ballybane Sold €100,000

Manor Ave, Kingston Sold after auction

No 9 Rosán Glas Sold €180,000

Offices at No 2 Flood Street Sold €106,000

No 2 Caladh Mór, Woodquay Sold €83,000

November 4

No 42 Oaklands, Salthill Sold €235,000

No 6 Grattan Terrace, Claddagh Sold €242,000

No 124 Dangan Heights Sold €390,000

No 51 Dalysfort Road, Salthill Sold €283,000

No 9 Ballybrit Crescent Sold €157,000

No 130 Riveroaks, Claregalway Sold €128,000

Knockdoe, Claregalway Sold €157,000

Site at Renville, Oranmore Sold €46,000

September 30

St Jude’s, Clarinbridge Sold €152,000

No 5 Seaman Drive, Riverside Sold €114,000

No 180 Bohermore Sold €126,000

No 97 Seacrest, Knocknacarra Sold €224,000

No 86 Glasán, Ballybane Sold €102,000

No 68 Devon Park, Salthill Sold €280,000

No 3 Moyola Park, Newcastle Sold €201,000

No 188 Upper Salthill Sold €250,000

Cor na Ron, Inverin Sold €204,000

No 19 Sycamore Court, Renmore Sold €177,000

No 13 St Mary's Road Sold after auction

No 41 St Mary's Road Sold after auction

No 50 Devon Park, Salthill Sold after auction

No 34 Rockbarton Park Sold after auction

July 15

No 32 Bridgewater Court Sold €82,000

Canteeney, Turloughmore Sold €56,000

No 17 Dalysfort Road Sold €242,000

No 142 College Road Sold €162,000

Dunmore Arms Sold €50,000

An Port, Rossaveal Sold €112,000

Robin Hill Sold €723,000

July 8

Ardilea, Menlo Sold €209,000

Uggool, Moycullen Sold €140,000

No 4 Sea Road Sold €330,000

No 49 Dalysfort Road, Salthill Sold €290,000

No 23 Oaklands, Salthill Sold €330,000

July 1

No 66 Shantalla Road Sold €236,000

No 2 Canal Road Sold €175,000

No 3 Canal Road Sold €152,000

No 12 Dr Mannix Road Sold €368,000

No 4 Forster Place Sold €241,000

No 26 Dalysfort Road Sold €248,000

No 14 Dun Daingean Sold €380,000

No 13 Sylvan Avenue Sold €288,000

No 7 St Bridget's Place Sold €142,000

No 43 Dalysfort Road Sold after auction

No 18 St Bridget's Place Sold after auction

May 20

No 112 Wellpark Grove Sold €132,000

No 1 Illaunree Drive, Coolough Road Sold €202,000

No 12 Dalton Place, Dr Mannix Road Sold €377,000

No 115 Upper Salthill Sold €240,000

No 24 St Joseph's Avenue, Henry Street Sold €185,000

Corcullen House Sold after auction

April 8

Padua, No 16 Lower Salthill Sold €275,000

No 123 Crestwood, Coolough Road Sold €200,000

No 8 Devon Park, Salthill Sold €176,000

No 17 William Street West Sold €460,000

Castleview, Ardrahan Sold €114,000

No 11 The Green, College Road Sold €242,000

No 15 Heather Grove, Ballybane Sold €126,000

February 25

No 67 Moyola Park, Newcastle Sold €179,000

No 19 Sycamore Court, Renmore Sold €160,000

No 1 Blake’s Lane, Bohermore Sold €78,000

No 2 Reddington Road, Shantalla Sold after auction

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