€4.5 million flurry in sales in recent weeks reflects the lack of supply to the market

A serious mismatch in supply and demand is driving and affecting most sectors of the Galway property market.

Rooney auctioneers has concluded sales of €4.5 million in recent weeks, with a large number of disappointed under bidders for all of the properties.

Ronan Rooney puts this down to the supply demand mismatch, and the best and final bids method Rooney’s has been adopting to sell its listed properties.

Commenting on the recent sales success Ronan Rooney said: “The best and final bids method of sale is proving really attractive to both buyers and sellers. We market the property aggressively for six weeks with a specific programme of layered promotions with social media posts, YouTube videos, paper ads, and e-marketing directly to our extensive dtatabase of matched buyers. A two week period for best and final bids follows and the sale concludes.

“Buyers like it because, unlike other methods, they do not have to spend money before they know they can buy the property, with building and valuation surveys and legals, etc, and sellers like it because it brings the sale to a definite head after seven or eight weeks.”

Included in the recent sales are apartments in Oranmore and the city, houses in Salthill, Knocknacarra/Barna, Oranmore, and Carnmore.

All have left some very disappointed under bidders still searching. All locations are very much in demand but especially residential in Salthill, Kingston, Taylor’s Hill, Knocknacarra, Barna, and Oranmore.

For more information see www.rooneys.ie or call 091 567391.

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