Should be available later today if they are to keep to their commitment to produce in April the State’s only actual transaction price index. The monthly House Price Index was suspended following the publication of the December 2009 result (which saw a drop in residential prices of 3.6% in one month on thin sales). Comment and analysis including an exclusive downloadable spreadsheet will be available here. The link to the ESRI website House Price Index page is here.
Meanwhile one of the biggest auctions in recent times is taking place today in the Shelbourne on Stephen’s Green from 11am. 59 or so lots are up for grabs. The catalogue is here and the results will be here. (interesting that auction results don’t offend the Data Protection Act on disclosure of sales prices but other sales do!) Whilst there would normally be withdrawals of lots before such a large auction and some lots may not reach reserves and may be sold later and the word “shilling” has a particular meaning in the context of auctions, the results (although they should be treated with caution) should give some indication on prices. UPDATE: Preliminary results available at boards.ie indicate that there were 71 lots and only 6 were sold at an average discount of 7% on the AMVs, 26 were unsold where the average maximum bid/opening bid was 24% less than AMV, 25 attracted no bids/unsold, 14 were skipped/withdrawn – all in all, a washout.