Land prices in Sligo have increased for the fifth year in a row. At €6,900/ac, prices are 2.1% higher than they were in 2018.
While the range in prices seems quite high, it is worth noting that the €19,490/ac is the exception and not the rule. It was achieved on a 9.8ac holding at the foot of Benbulben, which included a one-fifth share of circa 62ac of commonage. It was sold at auction to a sheep farmer for €191,000.
The second-highest average price achieved in the county was €12,952/ac for 21ac at Friarstown, Dromahair. Similarly, 21ac at Drumcondra, Ballintogher sold for €275,000 (€12,910/ac) at auction to a mixed farmer.
Like other counties in Connacht, very few transactions were over €300,000 in value.
In fact, there were just three for Sligo and all of three were private treaty sales of parcels that were over 55ac in size. There were just two properties over 100ac in size on the market and one of those had a large proportion of forestry included. There were 44 properties of less than 40ac advertised on the market in Sligo last year.
The average price for parcels less than 40ac in size was €7,699/ac, compared to €4,583/ac for offerings over 40ac. The number of acres on the market increased from 1,447ac in 2018 to 2,176 in 2019.
Beef, sheep and mixed farmers (which are mostly beef and sheep) together accounted for 75% of the purchases in Sligo. Dairy and forestry buyers were also active in the market.
Private treaty is the preferred method of sale in Sligo, and of the 12 properties that went to auction, half sold under the hammer.
*Average: €6,900/acAcres offered: 2,176Total number of farms: 62Price range: €1,735/ac - €19,490/acMost active buyers: Beef and sheepWeighted average: €5,730/ac*Based on 39 transactions
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Land report: Larger parcels command stronger prices in Roscommon
Land report: Strong demand for larger parcels
Land prices in Sligo have increased for the fifth year in a row. At €6,900/ac, prices are 2.1% higher than they were in 2018.
While the range in prices seems quite high, it is worth noting that the €19,490/ac is the exception and not the rule. It was achieved on a 9.8ac holding at the foot of Benbulben, which included a one-fifth share of circa 62ac of commonage. It was sold at auction to a sheep farmer for €191,000.
The second-highest average price achieved in the county was €12,952/ac for 21ac at Friarstown, Dromahair. Similarly, 21ac at Drumcondra, Ballintogher sold for €275,000 (€12,910/ac) at auction to a mixed farmer.
Like other counties in Connacht, very few transactions were over €300,000 in value.
In fact, there were just three for Sligo and all of three were private treaty sales of parcels that were over 55ac in size. There were just two properties over 100ac in size on the market and one of those had a large proportion of forestry included. There were 44 properties of less than 40ac advertised on the market in Sligo last year.
The average price for parcels less than 40ac in size was €7,699/ac, compared to €4,583/ac for offerings over 40ac. The number of acres on the market increased from 1,447ac in 2018 to 2,176 in 2019.
Beef, sheep and mixed farmers (which are mostly beef and sheep) together accounted for 75% of the purchases in Sligo. Dairy and forestry buyers were also active in the market.
Private treaty is the preferred method of sale in Sligo, and of the 12 properties that went to auction, half sold under the hammer.
*Average: €6,900/acAcres offered: 2,176Total number of farms: 62Price range: €1,735/ac - €19,490/acMost active buyers: Beef and sheepWeighted average: €5,730/ac*Based on 39 transactions
Read more
Land report: Larger parcels command stronger prices in Roscommon
Land report: Strong demand for larger parcels
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