Supply of farmland for sale increased in Sligo last year and prices fell. Twenty-three holdings meeting our criteria were placed on the market, up from 12 the year before. The area on offer totalled 721ac, up from 625ac.
Average price was €8,412/ac, down by 11% from the €9,478/ac of the year before. The drop was €1,066/ac.
Eighteen of the farms were under 40ac and these averaged €8,232/ac on sale. The other five were in the size range of 40ac to 99ac and they averaged €9,371ac.
As in recent years the dominant buyers were the business category, which includes business owners and part-time farmers with significant off-farm income, followed by suckler/beef farmers.
Private treaty is the favoured method of sale in Sligo. Twenty-one farms were offered by private treaty and just two by public auction.
DM Auctions were busy on the farmland front, with a number of holdings of up to 30ac on offer around Grange and Ballymoate. Scanlon Auctioneers had 57ac at Castlebaldwin while REA McCarrick went to the market with 94ac at Carrownargy.
% change on 2021: -11
Acres offered: 721
Total number of farms: 23
Price range: €3,704 to €12,692
Most active buyers: business
Weighted average: €8,442
Number of transactions: 19