Sherry Fitz Q1

sherryfitz.ie/ABOUTUS/NewsItem.aspx?id=592

no bottom sniffing but ‘Moderation in the pace of deflation’… investors are active and cash is king…

lots of interesting stats in there

prices in Dublin back to Q1 2000… Executor sales accounted for 25% of the market. cash buyers 36% Sale agreeds in Dublin…

“cash buyers 36% Sale agreeds in Dublin…”

Seems about right. Pity CSO index does not count cash sales.

Come mid year they should be showing the number of non cash transactions for the period but I’ll believe it when I see it

Marian goes on the sales pitch again

I dont think this is correct, declines are acceleration

Id say if anyone ever did a word search of her statements it would be all ‘upward’ and no mention of ‘downward’

Trend in what - no mortgages?
If that’s the case, prices will fall 92%

To me, this proves that private sellers are choosing to stay rather than sell at current market prices.

Some unstructured 2000 sales prices for Dublin.

These prices are generally higher than asking prices for similar houses.

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Friday September 29 2000

Rostellan, the home of former government minister Gemma Hussey at No 29 Temple Road, Dartry, Dublin 6 sold after auction for around £3.5m in one of the top residential sales so far this year.

The stately five-bedroom Victorian house had earlier been withdrawn from auction at £3.3m by auctioneers Sherry FitzGerald who originally quoted a price guideline of £3m. The after-auction buyer was a firm of solicitors.

Seagrange, Sandycove Ave East was sold later after being withdrawn at auction after failing to find a buyer despite a £3m bid. Agents Sherry FitzGerald sold the five-bedroom Victorian villa-style residence overlooking the sea which occupies a 0.75-acre site featuring marine gardens.

Shoyswell, an Edwardian family residence on exclusive Highfield Road, within walking distance of Rathgar and Rathmines villages sold for £1.5m through Gunne. Standing on 0.4 acres, the property comprises two reception rooms, five bedrooms inside and a double garage outside. Guideline price was £900,000.

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Friday February 25 2000

Gunne 68 Frankfort Avenue, Rathgar, sold £555,000.

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31 Frankfort Avenue, Rathgar, Dublin 6 €725,000

Sherry FitzGerald 102 Merrion Park, Blackrock, withdrawn, now quoting £340,000; 11 Cornelscourt Hill, Foxrock, withdrawn, sold after in excess £350,000; 3 Arnott St., South Circular Road, withdrawn, now quoting £350,000.

Lisney 24 Merrion Strand, Sandymount, sold £435,000; 4 Bayview, Irishtown, Dublin 4, withdrawn, now quoting £225,000; 86 Fortfield Road, Terenure, withdrawn, now quoting £315,000.

Lowe & Associates 24 Portobello Road, Dublin 8, sold £201,000.

GWD Auctioneers 27A Malahide Road, Artane, sold £225,000.

Baxter Auctioneers Furry Park, Swords Road, Santry, Dublin 9, sold £490,000.

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Friday March 17 2000

Sherry FitzGerald 2 Wilmont Avenue, Sandycove, withdrawn; 13 Oaktree Road, Stillorgan, sold £290,000; Holyrood Lodge, Holyrood Park, Sandymount, sold £242,000; Dunsandle, 4 Wilfield Park, Sandymount, withdrawn £580,000, sold after higher price; 142 Grace Park Road, Drumcondra, sold £340,000.

DTZ Sherry FitzGerald Morehampton Lodge, 113 Morehampton Road, Donnybrook, withdrawn £1.975, now quoting £2.25; 3 Mariners Lane, Dun Laoghaire, withdrawn, now quoting £325,000.

Gunne 1 Grangefield, Rathfarnham, Dublin 16, withdrawn £230,000, now quoting excess £230,000; 2 Grangefield, Rathfarnham, Dublin 16, withdrawn £230,000, now quoting excess £230,000; 35 Ardagh Park, Blackrock, Co. Dublin sold £400,000.

Douglas Newman Good 7 Marino Avenue, Dublin 3 sold £265,000.

Lisney 14 Hanbury Lane, off Thomas St., The Coombe, Dublin 8 sold £805,000.

Laurence Gunne Auctioneers Dev site 0.24 ha (0.59 acres) Distillery Lane, Ramparts Road, Dundalk, withdrawn £675,000, under negotiation.

Young’s 44 Mount Pleasant Tce, Dublin 6, sold £165,000.

Dunne Estates 9 Seville Place, off Amiens St., Dublin 1, formerly O’Connell Boys Club sold £340,000.

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Friday October 27 2000

A NEW local record price was claimed by the agent for a home in Clontarf when No 32 Kincora Park, off Oulton Road, Dublin 3, changed hands for £936,000.
Located in a quiet cul-de-sac and situated a stone’s throw from the seafront, the five-bedroom 18-month-old property fetched well in excess of the £750,000 guideline through Sherry FitzGerald.

Monkstown House, Monkstown, Co Dublin was sold prior to auction for in excess of its £850,000 price guideline, also through Sherry FitzGerald.

In Dublin 6, 44 Palmerston Road was withdrawn by Lisney. This is a typical period Victorian residence with double drawingrooms. The Lisney guideline price was around £775,000.

No 214 Griffith Avenue, Dublin 9 achieved a noteworthy £605,000 through Lisney. Situated in a most sought-after location, this is a redbrick semi-detached home, comprising three reception rooms, four bedrooms and a private south-facing rear garden.

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Friday June 09 2000

Gunne Lynton, 71 Highfield Road, Rathgar, Dublin 6, withdrawn, now quoting £1.5m; 38/39 The Oaks, Herbert Park Lane, Ballsbridge, Dublin 4, sold £1m; The Downs Lodge & The Downs Hill Cottage, Glen of the Downs, Co. Wicklow, withdrawn, now quoting £880,000; Site Eadestown, Naas, Co. Kildare, sold £265,000; 19 Watermill Road, Raheny village, Dublin 5, withdrawn.

Lisney Deodata, Killiney Heath, Killiney, on c. 0.5 acres, withdrawn, now quoting £1.45m; 4 Trimblestown Avenue, Booterstown, sold £300,000; 92 Castledawson, Sion Hill, Blackrock, withdrawn £400,000, under negotiation; Res Fleenstown, Ashbourne, Co. Meath, withdrawn £390,000, now quoting £450,000; 41 Brighton Road, Rathgar, Dublin 6, withdrawn, now quoting £850,000; Ballyflanigan House, Kilbride, Co. Wicklow, withdrawn; 7 Vesey Place, Monkstown, sold £1.22m; 113 Baggot St., Dublin 2, withdrawn, now quoting £1.75m; 98 Rathfarnham Road, Terenure withdrawn, now quoting £625,000.

Hamilton Osborne King Trebor Lodge, Owenstown Park, Foster’s Avenue, Mount Merrion, withdrawn, now quoting £800,000.

Sherry FitzGerald 65 Ranelagh Road, Ranelagh, withdrawn, now quoting £680,000; 84 Merton Drive, Ranelagh, withdrawn, now quoting £450,000

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Friday October 06 2000

Eaton Brae House, Shankill, Co. Dublin is a Victorian house extending to 620 sq m with six bedrooms and a self-contained garden unit. The property has development potential and was sold by Ganly Walters.

Yesterday, Ahody, a spacious Edwardian residence at 2A Dartry Road, Dublin 6 was withdrawn at auction and is now quoting £1.5m. This property is in a prime residential area at the junction of Dartry Road with St. Kevin’s Park.

Brought to the market with a £1m price guideline by Lisney, the house reflects the architectural craftsmanship of the era, with brick, granite facade and well-proportioned rooms.

Another redbrick Edwardian property, Selskar on Adelaide Road, Glenageary, Co Dublin was also withdrawn quoting £1.75m. Located at the corner of Adelaide Road, Silchester Park and only eight miles from city centre, Lisney quoted £1.5m as a guide price. This property standing on a half-acre with mature gardens

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Friday March 24 2000

PERIOD house in Monkstown, Co Dublin was auctioned for just over £2m yesterday well ahead of its pre-auction guideline of from £1.3m to £1.5m.
This sale was, however, offset by several withdrawals in a week where buyer resistance to escalating prices was otherwise evident.

Ard Sonais, The Hill, Monkstown stands on around one third of an acre with a sweeping tree lined avenue. Floor area is approximately 4,250 sq ft. Auctioneers Lisney put the property on the market at £1.6m and the property sold for well above expectations.
Biggest auction result of the week was achieved outside Dublin for a 235 acre holding at Springbank, the Curragh, Co Kildare - sold for a very strong £4.2m by Brophy Farrell and marking the 450 year Connolly/FitzGerald family connection with the area.

Many Dublin properties went unsold despite these highlights. A four bedroom detached house at 2 Wilmount Avenue, Sandycove, Co Dublin was withdrawn from auction. Auctioneers Sherry FitzGerald are seeking offers of £1.2m.

A Victorian house at 68 Adelaide Road was likewise withdrawn from auction by Lisney, now seeking £900,000. However, a two bedroom apartment at 3 Maple, Hazeldene in Ballsbridge, Dublin 4 fetched £690,000 at a Lisney auction.

The northside features well up in this week’s results with 69 Georgian Village, Castleknock, Dublin 15 selling for £780,000. This is a detached five bedroom house and Flynn & Associates were the agents.

But Neptune Lodge, 376 Clontarf Road was withdrawn. Sherry FitzGerald is quoting £580,000 for this five bedroom detached house.

Old Orchard, a five bedroom detached house on Butterfield Avenue, Dublin sold after auction for a figure believed to be over £700,000. Lisney were the selling agents.

No. 4 Wilfield Park, Sandymount changed hands for over £580,000 after auction through Sherry FitzGerald. This property is a four bedroom detached house in need of refurbishment.

Cove View House, a five bedroom Victorian semi-detached house in Sandycove, Co Dublin was sold under the hammer for £575,000. This was viewed as an excellent outcome as the period property is in need of complete refurbishment.

Sunbury, a five-bedroom detached residence at Upper Milmacud Road, secured £556,000 through O’Mahony Auctioneers.

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Friday June 16 2000

ELSINORE on Coliemore Road, Dalkey, Co Dublin set another high price threshold when selling under the hammer for £5.1m yesterday.

The property is a two-storey over basement Victorian residence with direct access to its own slipway on the seashore. The six-bedroom house last came on the market in the 1990s and has been lavishly refurbished to provide almost 6,000 sq ft of living accommodation.

There are three reception rooms at hall level, including a double drawingroom overlooking the sea.

This is a formal room with ornate plaster cornices/trims and a fine white marble fireplace. Two sets of patio doors open onto a balcony with a curved iron railings.

Auctioneers Lisney brought Elsinore to the market this time with a £3m guideline price. Iniscorrig - a large Victorian Gothic house adjoining Elsinore on Coliemore Road, Dalkey - sold earlier this year for around £4.5m.

A double-fronted period house at 47 Marlborough Road, Donnybrook, Dublin 4 fetched £750,000 yesterday through Gunne Residential comfortbly ahead of the £600,000-plus pre-auction guide.

The six-bedroom house is in bedsits is in need of modernisation. But this week once again saw several properties in fashion locations failing to find a buyer under the hammer.

A number of Dublin southside properties were withdrawn unsold by Sherry FitzGerald. These included 11 Stamer St., South Circular Road, withdrawn, now quoting £840,000 and St. Martha’s, 33 Seafort Avenue, Sandymount, withdrawn, quoting £635,000.

No 12 St. John’s Road, Sandymount was likewise withdrawn, quoting £950,000. No 5 Leixfort Villas, Corrig Avenue, Dún Laoghaire was also withdrawn, quoting £575,000.

A four-bedroom mid-terrace house at 27 Charleston Ave changed hands for £660,000 at a Lisney auction

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Friday April 21 2000

No fewer than nine millionaire sales were recorded in the last two days alone spearheaded by yet another high priced deal in Ballsbridge, following the neighbourhood trend set recently by Esat boss Denis O’Brien.

Yesterday, No 18 Elgin Road, a three-storey over basement house which had been in flats until now, was sold for £3.3m nearly three times the original guideline. Agents Lisney had originally been guiding £1.2m.

Yesterday, however, Simon Ensor, a director in Sherry FitzGerald, opened the bidding at £2m and auctioneer Tom Day put it on the market at £2.5m before knocking it down to his rival for £3.3m. The identity of the buyer has not been divulged, but it is believed that it will once again become a family home.

On Dublin’s northside, The Paddocks, a modern four-bedroom house on 8.72 acres, sold for more than £3m after it had been withdrawn from auction by Lisneys at £2.7m. In Clonskeagh, a four-bedroom detached house on two-thirds of an acre, Longwood, was sold by O’Mahony auctioneers for £1.8m.

The Foxrock area was the most popular area for millionaire homes this week. Lisneys secured £1.1m for Greenwood, Brighton Road, on around an acre. In the same area Hamilton Osborne King sold Mayerling, a five-bedroom, detached house on an acre at Brennanstown Road, for £1.25m. and Kinros, a four-bedroom house on 0.3 acres, at Leopardstown Road, prior to auction for over the guide price of £650,000.

In Dublin 6, 68 Grosvenor Road, Rathgar, an Italianate villa-style five-bedroom double fronted, detached house, on a third-acre, was sold by Lowe and Associates for £1.56 m.

In the same area a semi-detached Victorian house at 39 Leeson Park, was sold for £1.41m by Lisney. The two-storey, over basement house has a 26 metre garden and four bedrooms. The same auctioneers sold Kington, a five-bedroom house with detached garage, at 47 Cowper Road, Rathmines, for £1.33m, and Lisheen, a four-bedroom with detached garage, at Woodlands Park, Blackrock for £1.07m.

At the end of the week, the auction breakdown showed that around 60pc of properties on offer were sold either under the hammer or immediately afterwards.

Major withdrawals included Nendrum, Knocksinna, Foxrock, which was withdrawn at £1.5m by Daphne L. Kaye & Associates. However, the same agent sold 125 Holywell, Upper Kilmacud Road, Stillorgan at a figure higher than the £500,000 at which it was withdrawn.

Another withdrawal was the three-bedroom duplex townhouse at 9 The Pines, Grove House, Milltown, Dublin 6, for which Gunnes are now quoting £600,000.

On Dublin’s west side Lisney withdrew Marakai, Portan, Clonee a detached, four-bedroom house on 0.75 acres which failed to attract any bids. But negotiations to clinch a sale commenced immediately after the auction.

In Donnybrook, a tale of two villas unfolded. Hamilton Osborne King sold Birchaven, at Home Villas, for over £350,000, while down the street 19 Home Villas was sold by Gunnes for £245,000. The high specification refurbishment of Birchaven was, perhaps, the key factor in influencing the price difference between the two-bedroom redbrick terrace houses.

On Dublin’s Northside, Douglas Newman Good sold the mid-terrace 102 Iona Road, Glasnevin, for £410,000 and the same agent sold 10 Windsor Avenue, Fairview, another redbrick, three-bedroom, mid-terrace for £180,000.

Cumisky sold a large period house at 1 The Bower, Fancourt, Balbriggan for £500,000 and 19 Seafield Avenue, Clontarf, for £405,000.

In Terenure, Sherry FitzGerald withdrew sold 48 Terenure Road at £200,000. The agent is now quoting £235,000, £20,000 above the guide price, for this three-bedroom mid-terrace redbrick house.

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Friday October 20 2000

THE former home of the late WT Cosgrave in Templeogue, Dublin 16 failed to sell under the hammer yesterday, and is now on the market by private treaty with a £2.3m price tag. The property Ros Mor, Scholarstown Road stands on 2.35 acres.
This imposing period residence was partly burned down during the Civil War, but later rebuilt/restored in 1923/24 to the highest standards. Mr Cosgrave was president of the Executive Council from 1921-32.

The residence extends to around 4,100 sq ft and have five main bedrooms. The original price guide line was £1.7m plus.

The secluded gardens include a courtyard/stable yard with four loose boxes and two garages, extensive outbuildings, orchard and tennis court, offering significant development potential subject to the necessary planning permission. A two bedroom gate lodge is also included in the property.

The failure to sell singer Dickie Rock’s house in Clonskeagh under the hammer also reflected the weakness now prevailing on the auction scene generally.

With not a single bid, the three bedroomed property was just one of the many homes withdrawn in recent weeks in the auction rooms.

Lisney is now guiding offers in the region of £750,000 for the Rock home at 21 Roebuck Road, Dublin 14. Approached by a stone paved entrance courtyard, enclosed by a private garden, Mount Carmel Cottage was extended to rear Mr. Rock’s family some years ago.

Another disappointed vendor was Colm O’Briain, former president of the Irish Stock Exchange whose home, New Park House, Bray Road, Dublin 18 was withdrawn at £1m. Situated close to the villages of Blackrock and Foxrock, the family home retains many original Art Deco features.

Standing on a 0.8 acre site, the guideline price was £2.6m by McCabe McCabe and Spain Courtney Doyle.

Another detached period home to be withdrawn at £2.5m was Ferndene in Blackrock, Co. Dublin. De Vere White & Smyth is now guiding £3m for the 400 sq.m. Stradbrook property standing on 1.4 acres of landscaped gardens. The accommodation also includes two staff apartments and outbuildings.

A red brick period home, built in the 1850s in Rathgar, Dublin 6, also did not sell under the hammer. Sherry FitzGerald is now guiding £820,000 for 23 Terenure Road East.

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YESTERDAY’S RESULTSGunne: 17 Dartry Road, Rathgar, Dublin 6 withdrawn £700,000, sold after higher price; 13 Southdene, Monkstown Valley, Co.
Gunne: 17 Dartry Road, Rathgar, Dublin 6 withdrawn £700,000, sold after higher price; 13 Southdene, Monkstown Valley, Co. Dublin sold £206,000; 283 Clontarf Road, Clontarf, Dublin 3 withdrawn £400,000, sold after higher price.

Lisney: 3 Sorrento Tce, Dalkey, Co. Dublin sold after; 1 Dartmouth Road, Leeson Park sold £1.5m.

DTZ Sherry FitzGerald Hibernia House, 16 Windsor Place, Dublin 2 sold £2.7m.

Jackson Stops 7 & 8 Florence St., Portobello, Dublin 8 sold £522,500.

Sherry FitzGerald 21 Sherlock Tce, Skerries, Co. Dublin sold £108,000; 9 Seafield Close, Booterstown sold in excess £550,000; 1 Ramleh Close, Milltown sold £495,000; 75 Russell Avenue, Drumcondra withdrawn, now quoting £219,000; Apt. 6 Bagod Rath, Pembroke Row, Dublin 2 sold £440,000; Woodbourne, 22 Durham Road, Sandymount withdrawn, sold after in excess £530,000.

Sothern Auctioneers C. 5 acres dev land Glenora, Blackbog Road, Carlow withdrawn £1,025,000, sold after higher price; The Rectory, Stradbally, Co. Laois withdrawn £230,000, under negotiation.

Grimes Auctioneers Dev site C. 2.5 acres (C.1 ha) Dublin Road, Ashbourne, Co. Meath sold £1.275m.

Orchard Estate Agents 51 Ballytore Road, Rathfarnham, Dublin 14 sold prior.

Keane Mahony Smith 124 Upper Leeson St., Dublin 4 withdrawn £840,000, under negotiation, joint agent Eoin Deering.

Hooke & MacDonald 13 Apts. The Wooden Building, Temple Bar, 1 bed apts sold £225,000-£276,000, 2 bed apts sold £340,000-£515,000, 1 penthouse sold £865,000.

sherry fitz claim theres 51,400 houses for sale but a 2 second search with daft says theres 64,883 on their site alone

seems to be absolutely no doubt about that…

but what we have here is, in economic terms, a distorted market.

there is a natural seller here, namely people who can’t repay their mortgage, but as this group is being supported by the government, the market has almost ceased to function…volumes at 10% of peak levels.

Although there (naturally !) arn’t any figures available, my gut instinct would be only 5%-10% of houses for sale in a normal market would be executors. And probably closer to the 5% at that.

So a quarter sounds huge to me.

Just thought of something.
In a normal market, if you were to include new builds, I wonder would executors even reach 5% of total sales levels ?