O’Donnellan & Joyce auctioneers of 5 Mary Street, Galway, achieved a record year for sales in its auction, new homes, and private treaty departments. With more than 600 properties sold since January 2019, the company has recorded one of its biggest years of sales to date over the three departments, with new homes rising considerably in demand over the past 12 months and enormous demand expected to continue with the extension of the Help to Buy Scheme.
O’Donnellan & Joyce auctioneers has seen growing success in its nationwide property auction series. With more than 350 properties going under the hammer in 2019 and 80 per cent of those being sold in the room, the popular auction house has acquired a nationwide and international audience as its brings many desirable properties to the market. The company has seen a huge increase in the number of lots being offered and being sold on the day, and this is primarily due to the transparency and efficiency that comes with the auction method of sale. This past year saw properties all along the Wild Atlantic Way and across to the eastern seaboard attracting large crowds to the auction room in the Harbour Hotel, Galway.
A number of premier properties situated in Dublin, Kildare, and Wicklow went under the hammer in 2019, with a large number of properties in Galway, Mayo, Clare, Limerick, Sligo, and Donegal also featuring in the auction catalogues. With seven hugely successful auctions over the course of the year, it is no wonder O’Donnellan & Joyce is recognised as Ireland’s largest independent auction house. With the forecasted growth of the company, it is expected that Colm O’Donnellan will take to the podium in the capital this year for the company’s first Dublin based nationwide property auction.
Senior partner Colm O’Donnellan said: "We have seen a significant increase in the auction department this year with many new counties and areas in Ireland trusting in our reputation and expertise, we look forward to an even bigger year of property sales in 2020 as we launch our upcoming auction campaign and grow our private treaty and new homes listings. 2019 boasted exceptional value and variety in the room, the atmosphere is always electric, and buyers and sellers alike were always delighted with the outcome. We thrive to stay ahead of our competitors and we welcome the New Year and all opportunities to further grow our operations."
O’Donnellan & Joyce introduced its new online bidding platform in 2019, and after its debut in the September auction, attracted many international investors picking up rental properties and Irish natives acquiring farm lands and new family homes. Senior sales negotiator Mary Fahy noted: "The beauty of this system is that we can interact with buyers from anywhere in the world, from those thousands of miles away to those who purchase property from the comfort of their own homes here in Ireland." Bidding on property has never been easier with phone bidding and proxy bidding proving as popular as ever with huge numbers of people from across the globe tuning in to the live auction stream with some auctions attracting more than 15,000 views.
In Galway city and suburbs, there was exceptional value on offer with many of the properties sold below building costs. A number of the highlights of the O’Donnellan & Joyce auctions were:
No 77 Devon Park, Salthill - sold €608,000.
No 45 Oaklands, Salthill – sold €530,000.
No 39 Churchfields, Salthill – sold €500,000.
No 67 Dalysfort Road, Salthill – sold €480,000.
No 23 Moyola Park, Newcastle – sold €435,000.
No 40 Maunsells Park, Taylor's Hill – sold €425,000.
No 32 Henry Street, Galway – sold €415,000.
No 21 Rockbarton Road, Salthill – sold €414,000.
No 17 Shantalla Place, Shantalla – sold €396,000.
No 166 Dun na Coiribe, Headford Road – sold €385,000.
No 70 Lurgan Park, Renmore – sold €352,000.
No 6 Claddagh Quay, Galway – sold €350,000.
Derrydonnell, Oranmore – sold €250,000.
No 6 Tirellan Heights, Headford Road – sold €198,000.
O’Donnellan & Joyce valuation services continue to provide an exclusive professional service recognised by all financial institutions. As a result of major financial and bank restructuring, Red Book and Blue Book valuations are now required to be completed by fully qualified professional valuers. O’Donnellan & Joyce's valuation department is currently headed by Tony Joyce, who has 36 years’ experience in this field. Both Tony and Colm welcome the news of Shane McDonagh’s recent qualification and are delighted to have him as part of the valuation team. The team offer a variety of valuation services across all sectors including residential, commercial, and rental review offerings.
The lettings department grew considerably throughout 2019 with many landlords employing the professional skills of the company for both lettings and property management services. With new regulations and resident boards acting on behalf of tenants’ rights, a skilled property manager is the best way to avoid the headaches that letting a property can bring. If you are considering letting a residential or commercial property in 2020, contact O’Donnellan & Joyce and let the professionals take care of your investment.
Niall Browne and Hugh O’Donnellan of the O’Donnellan & Joyce private treaty sales department recorded more than 300 sales in 2019. Some notable results included the following:
Forramoyle East, Barna – sold €650,000.
No 111 Fr Griffin Road, Galway – sold €570,000.
No 12 Brooklawn, Knocknacarra – sold €561,000.
No 5 St Paul's Road, Fr Griffin Avenue – sold €550,000.
No 7 Shantalla Place, Galway – sold €460,000.
Cregmore, Claregalway – sold €410,000.
No 5 Sylvan Heights, Newcastle – sold €365,000.
No 14 Lakewood Road, Newcastle – sold €350,000.
No 12 Reilean, Roscam – sold €350,000.
No 57 Rosan Glas, Rahoon – sold €305,000.
No 50 Bowling Green, Galway – sold €300,000.
No 46 Castlelawn Heights, Headford Road – sold €265,000.
O’Donnellan & Joyce also launched several new developments boasting space, style, and energy efficient A rated homes in various locations around the county. These developments have a range of prices to suit both first time buyers with the Government's Help to Buy Scheme and existing homeowners looking to move to more energy efficient homes in highly desirable locations. Niall Browne of the company's new homes department said: “2019 has been a phenomenal year for us and we thank all of the developers that have chosen to work with us over the course of the year. We have launched many exciting new developments and we look forward to offering many more for sale over the course of the new year.”
The increase in the new developments launching is great news for Galway city and the surrounding areas. The market is showing great prosperity with a huge number of buyers in Galway at the moment, thanks to secure employment opportunities and economic development in the area. O’Donnellan & Joyce is looking forward to launching many more developments to the market in 2020. Developments which are currently available include:
Redington Woods, Clarinbridge, Galway.
Gleanntán Na hAbhann, Craughwell, Galway.
Tuairin, Coast Road, Roscam, Galway.
Tigh an Ghabhann, Moycullen, Galway.
Coill Bruchlain, Mountain Road, Moycullen, Galway.
Gort Na Carraige, Barna, Galway.
Dún Éibhir, Furbo, Galway.
Cúirt Chéirín, Circular Road, Bushypark, Galway.
Caislin, Dyke Road, Galway.
The O’Donnellan & Joyce team have a positive outlook on 2020 as the company expands and looks to further increase the volume of sales. With the increase in building and the demand for housing, O’Donnellan & Joyce is currently seeking an experienced sales negotiator and letting agent to join the team. Details for the vacancy can be obtained from senior manager Miriam Keane or by emailing [email protected].
Senior partner Colm O’Donnellan thanked all the clients and service providers who engaged with the company throughout 2019, saying: “We wish all of our valued clients a very happy and prosperous New Year and we thank them for their continued support and custom. As prices level off and the property market stabilises, we look forward to the increased volume of sales and we welcome all business. We are proud of our reputation and our recent growth and recognition as a nationwide agent and we look forward to continued growth and success in years to come.”
If you are considering selling your property in 2020, contact O’Donnellan & Joyce on 091 564 212 for a free valuation. The next auction will take place on Friday February 28 and the team are now inviting entries ahead of the registration deadline on January 30. View the collection of new homes and second hand private treaty offerings online at www.odonnjoyce.com