The Connacht Property Auction held its second public auction of 2015 on Thursday last Galway City. In total there were 25 properties offered for sale and as the spring season settled in, the auction team noted increasing demand from both local buyers and those from further afield including the UK and US.
With the strong sterling and US dollar rates at present, the international advertising of the auction proved extremely beneficial, attracting buyers from abroad. With an 88 per cent clearance rate at the February auction, strong figures were again expected and the auction did not disappoint.
Of the 25 properties, there were 23 successfully sold. The auction team is now taking entries for its next auction taking place on June 25and will be launching a large marketing campaign in the lead-up to the auction. The Connacht Property Auction is the only auction company in Ireland which does not charge upfront costs or marketing charges to enter a property into its auctions.
Sales of note in Galway included 31 Cluain Ard, Ballybrit sold in partnership with Keane Mahony Smith. The property was offered with starting bids of €130,000 and there were several interested parties in the room. The auction team noted over 20 bids received on the property. The hammer fell to a bidder at €165,000 with congratulations from the large crowd of over 100 people in attendance.
The Connacht Property Auction has noted a large number of purchasers looking for similar properties in Ballybrit and is now taking entries in the Ballybrit area.
Another sale on the night was Galway Road, Tuam sold in partnership with Property Partners Long, Tuam. The 3 bedroom property was offered at starting bids of €120,000 and a significant number of enquiries were received in the lead up to the auction. The successful bidder secured the property at €135,000.
A successful result was also achieved on The Quay, Clifden, sold in partnership with Matt O’Sullivan Auctioneers Clifden with the vendor accepting a bid made prior to the auction via on the online auction.
Outside of Galway there were a number of successful sales including Lot 1, which was agricultural lands in Ballybane, Co Roscommon, sold in partnership with John Higgins Auctioneers, Ballyhaunis. Intense bidding was received at the auction, with over 50 bids received before the hammer finally fell at €193,000.
The Connacht Property Auction is now welcoming entries for its 45-day online auctions and upcoming public auctions. With thousands of registered buyers and the impressive success rate, The Connacht Property Auction are confident of further successful auctions during 2015.
To discuss selling property by auction or to arrange a free valuation, call the auction team on 091-882121 or visit www.connachtpropertyauction.ie.