Farmland prices in Clare fell in 2020 to an average of €5,798/ac. That was down by €1,786/ac from an average €7,584/ac in 2019.
It was a relatively quiet year for the property market in the county. Our survey tracked 12 farms offered for sale.
The total area of farmland offered was 804ac, which was a decrease too. Eight of the farms that were offered went on to be successfully sold. Six of these farms were residential, a relatively high proportion.
The majority – 80% – of the farms that sold were bought by active farmers, equally divided between dairy and drystock. The business, investor and hobby farmer buyers were less active in Clare than in other counties last year.
The county saw one of the more unusual farm sales in the year: the 155.6ac Booltiagh Windfarm at Cree. It was offered for sale by private treaty with a guide price of €595,000 and was successfully sold.
The sale was watched with interest by other agents given that we will see more farmland with wind, solar and similar infrastructure come on the market.
Another two large properties were sold in Clare. Major Park, on 148ac, at Flagmount, was a grassland farm – with some hill land – with lengthy frontage on two roads and a residence on an elevated site with good views. It sold under the hammer at auction for €472,000 or €3,861/ac.
A price of €800,000 was paid at auction for 130ac at Bellisle, Clonlara, a residential grassland farm. That worked out at €6,153/ac.
Among the examples of higher prices paid for land in Clare was €9,028/ac paid for 36ac at Clonina, Cree, at auction, in March. There was no residence but the good-quality land was in one block. It sold for €325,000 under the hammer.
Selling prices in Clare ranged from €1,833/ac to a top of €10,400/ac.
*Based on 8 transactions