New LR sold figures released yesterday in my area - some great drops!

carolt

The (long overdue) LR sold prices arrived in my inbox yesterday - as discussed recently, LR has been having a redesign of some type, meaning that some sold prices had disappeared off various sites, plus more recent data had not been included. Hence my new batch of sold prices were larger than usual, including some going back to May, that should have been there before now, and which I have been eagerly awaiting, as it included a couple of properties I'd been monitoring.

Pleased to note that there are no price jumps in my area, far from it - houses that at peak were asking 325-350K, and selling for around 300-350K, are now all selling at 230-250K. Some of them came on at peak and slowly worked their way down. Much more like a comfortable multiple of salary.

And no - still not buying, personally - partly because I have no idea where I want to buy yet - should become clearer over the next year - and because I'm confident in further falls. And long-term fixed rates are still poor.

Any news from other updates in other areas?

Interesting to compare anecdotals - the main indices are debated over several threads, but I thought it would be interesting to focus on specifics.

Dan:_4

carolt wrote: »

And no - still not buying, personally - partly because I have no idea where I want to buy yet - should become clearer over the next year - and because I'm confident in further falls. And long-term fixed rates are still poor.

I honesty think you will never have the balls to buy carol.

carolt

As you well know, Dan, I'm a girl.

I sincerely hope I never have balls, either.

nearlynew

Excellent news carol.

patience is your best weapon.

good luck

Dan:_4

Are you sure you want to be giving out that advice nearlynew?

It was someone telling carol to have patience that caused her to miss the bottom in the 1990s.

The_White_Horse

Dan: wrote: »

I honesty think you will never have the balls to buy carol.

How come all the peaks in your signature are at different times?

ad9898_3

I'm seeing them as well, as I pointed out yesterday there seems to be a flurry of drops again on PB due to more people thinking that with indices showing rises they'll put there house up for sale. Some of the prices I've seen on the LR have been amazing, 75k for a mature 3 bed semi, there is one in the same road for sale for 135k, and it's just been dropped from 169k, to name but one.

I'm getting a good feeling that there will be some hefty drops come the autumn/winter, as many more houses come up for sale now, hoping for a mug, but they can't take them off again in the winter because it will cost them to put them back on again later next year, when we will be well into 'borrowed money over' territory.

Good things come to those who wait.

Dan:_4

The_White_Horse wrote: »

How come all the peaks in your signature are at different times?

Not all the index's will peak at the same time, nor will they 'bottom' at the same time.

For example, the LR lag around 3 months so the 'peak' would follow 3 months from, say, Halifax.

They are all just the official STATS - nothing to be taken serously

mr.broderick

http://forums.moneysavingexpert.com/showthread.html?t=1861103


Unfortunately this thread cannot get away from the fact that houses are up again.

carolt

Dan: wrote: »

Are you sure you want to be giving out that advice nearlynew?

It was someone telling carol to have patience that caused her to miss the bottom in the 1990s.

He's not giving out advice, Dan - I've already told him my plans.

So how are the price drops loooking in your area, Dan?

carolt

mr.broderick wrote: »

http://forums.moneysavingexpert.com/showthread.html?t=1861103


Unfortunately this thread cannot get away from the fact that houses are up again.

In your area?

Not in mine.