2024 continued to be an incredibly aggressive sales market throughout the year with high demand levels across all areas of Galway city and county. Majority of demand still continues to be from owner occupiers & first-time buyer demographics with several key trends identified.
Due to a continued lack of supply to meet the current demands, a notable trend is the performance of all residential locations within the city and county, not just traditional hotspot in-demand locations such as Oranmore, Renmore, Salthill, Knocknacarra and Barna.
This is further heightened due to the flexibility and willingness of buyers to seek properties in several different locations, as well as considering different property options whether for a large freehold property or a similar option in a quality apartment complex.
Work-from-home options and changing demographics with a continuation of purchasers relocating, internationally and domestically, has lead Galway city and county to be looked more and more under the one lens as opposed to sole fixations on particular locales.
One of the key trends noticed throughout the year is the ever increasing demand and desire to acquire a home in as close to turnkey condition as possible with high energy ratings. These types of properties are seen as good alternatives to new build developments, which are limited in options, allow buyers to avail of green mortgage options and allow new owners to move in immediately upon purchase with little-to-no work required. These high quality homes have seen strong levels of demand and typically outperformed all expectations.
No 9 Gort na Carraige, Barna - sold €670,000
A stunning four-bed terrace residence over three storeys in a small cul-de-sac development situated just off of Barna’s main throughfare. The property was constructed circa 2020 offering all modern finishes with an A2 energy rating, ample accommodation of 175sq m and a beautiful architectural design availing of plentiful natural light.
No 16 Carraig Ban, Coolough Road, Galway – sold €1,025,000
One of the most spectacular homes throughout all of Galway. The bungalow residence is one of the most tastefully designed homes with beautiful interiors, abundance of accommodation with in excess of 230sq m, vaulted ceilings and thoughtfully designed to incorporate the outside space as much as possible with a central courtyard. The A rated property offered plenty of privacy in a well established estate within close proximity to Galway city.
Lindisfarne, Taylor's Hill – sold €1,650,000
A unique detached residence in one of Galway’s most desirable locations, Lindisfarne offered an old-style interior with French chateau and Irish country manor influences but thoughtfully curated with all modern finishes highlighted in the B3 energy rating. Taylor’s Hill continues to be one of Galway’s most sought-after residential locations with easy access to Galway city centre and Salthill.
No 9 Seamount, Salthill – sold €1,410,000
A substantial detached residence positioned near the bottom of Threadneedle Road, one of Galway’s prime residential locations. The B3 rated residence offered an abundance of accommodation with close to 300sq m, and one of the most ideal locations in Salthill within a stone's throw of Salthill Promenade and Blackrock Diving Tower.
Derryloughaun East, Furbo – sold €760,000
Situated off the Coast Road between Furbo and Spiddal, Derryloughaun East had been fully refurbished throughout with beautiful aesthetic upgrades as well as fundamentally retrofitted culminating in an impressive B2 energy rating. The home is the perfect residence for seeking a tranquil environment in a scenic setting.
No 33 Cova Da Iria, Salthill – sold €705,000
An upper floor apartment in the recently development apartment complex with enviable and breathtaking views overlooking Galway Bay. Constructed in 2023, the A2 rated apartment availed of quality communal amenities including lift access, plentiful local services within walking distance and beautiful quality internal finishes with amazing views and balcony space.
No 15 Monalee Heights, Knocknacarra – sold €470,000
An older semidetached residence in one of Knocknacarra’s most established locations, No 15 Monalee Heights was presented in excellent condition having been beautifully upgraded by previous owner. The open-plan setting and large bedroom quarters were perfect for owner occupancy.
No 23 Shantalla Place, Shantalla – sold €610,000
Originally constructed in the 1930s, this property had been fully restored and modernised in recent years with exceptional standards, modern décor with thoughtful attention to the old-style of the home. Shantalla is a highly desirable locale due to the long established community, close proximity to University of Galway, UHG and walking distance to Galway city centre.
No 31 The Long Walk, Galway – sold €650,000
Beautifully positioned on the famed Long Walk, this terraced residence offered city living at its finest. The property had been presented in show house condition by the client, with upgraded tiling, quartz countertops and three large bedrooms all boasting views overlooking the Claddagh Basin.
No 132 Dun Na Mara Drive, Renmore – sold €567,000
A beautiful family semidetached home situated in the highly popular Renmore area. The property was offered in excellent condition with ample upgrades and modernisations including a B3 energy rating. Renmore is one of Galway’s most popular residential areas given the proximity to Galway city, easy access to ATU and strong local environment with plentiful amenities and communal green spaces.
No 60 Reilean, Roscam – sold €510,000
Constructed by premier builders O’Malley Construction, this four-bed semidetached home offered open-plan living, A rated energy cert, west facing garden and a cul-de-sac setting. Situated in the Roscam area of east Galway city, the area offers plentiful recreational parks nearby including playing fields, tennis and basketball courts. Roscam has become one of Galway city’s most popular residential areas in the past 20 years given the quality of construction and close proximity to large multinational employers in east Galway.
Moyveela, Oranmore – sold €700,000
A beautiful detached residence presented in excellent condition with close to 300sq m in accommodation and situated on circa 0.5 acre. The manicured site with cobbled driveway is situated in between Clarinbridge and Oranmore villages both offering all amenities required, as well as easy access to Galway city, M6 and M18 motorways.
O’Donnellan & Joyce Auctioneers continues to be Galway city and county’s leading estate agent in private treaty residential sales. For more than 40 years, the company has been successful due to a strong work environment, good local knowledge and continuing to adapt to a forever changing industry.
The forecast for 2025 is expected to be similar to recent years with high levels of demand outstripping supply. The expectations of further new home development projects should help relieve the stock of housing but will still be limited and demand levels are still incredibly high. This will likely further culminate in these high-quality second homes being sought-after even more so from buyers seeking ready to live in residential homes.
