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Dundalk house prices rise by another €1,700 in February

Dundalk house prices rise by another €1,700 in February

The average price of a house in Dundalk grew by a further 0.9% in February.

The latest Residential Property Price Index from the Central Statistics Office (CSO) shows that the average house price in the town for the year to February now stands at €192,462.

This is up on the average price of €190,714 recorded in January, when prices were up 2.1%, representing a €1,748 increase in the month. The latest rise means prices have risen by almost €6,000 (€5,736) in the first two months of the year.

The latest increase means that the average house price in Dundalk is at its highest level since the CSO began to monitor prices by Eircode. Prices are up 17.3% since April when the average price stood at €164,026.

In Co Louth as a whole the average price was up 1.6% in February to an average of €198,073 from €194,933 in January.

This means prices are up by €5,792 in the first two months of the year.

This was helped by the continued increase in the average asking price in Drogheda which was up 2% in February to €229,103 from €224,644 in January. This represents a €7,308 increase in prices in Drogheda in the first two months of 2018.

The median price in Dundalk also jumped by a further €2,500 in February to €180,000, representing a €5,000 increase in the first two months of the year. Meanwhile in Drogheda it was up €5,000 in February to €223,000. The median price for Co Louth jumped by €2,000 in February to €182,000.

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