And house prices coming back down again...

JonnyBravo

carolt wrote: »

All the local houses I was watching that sold in the spring bounce have had prices come up now - it is mid-September! and it should take no more than 3 months to see them on the sold prices websites.

Why have yours not shown up?

Very mysterious.

Or are you making it up?

I'm well aware of the date.

It's well past 3 months. More like 5. They moved in ages ago so presume it's not been sold to a "commercial entity" either.

As for making it up.... no.... the houses definitely exist.

IveSeenTheLight

JonnyBravo wrote: »

I'm well aware of the date.

It's well past 3 months. More like 5. They moved in ages ago so presume it's not been sold to a "commercial entity" either.

As for making it up.... no.... the houses definitely exist.

I too have tried watching for a property I know has sold to look for the sale price.
I have given up now as it's over a year and still not showing.

Thrugelmir

carolt wrote: »

Not seen the 'close to asking price' scenario near me - sold prices suggest that the gap depends on how overpriced the property is; a few will sell near asking price, when they judge the market correctly; others will have to accept substantial cuts.

Certainly not much property out there. But not many buyers with the means to buy them at silly prices either.

Very little property has changed hands in my immediate area in the past year. Then 2 houses go on the market and both are sold within a week.... and at what I regard as high prices. One certainly needs modernisation and refurbishment.

Shows that in any market in the right area property will sell.

Property sales volumes are so low that really its not possible to know the true value of property.

Once sales volumes increase then we can see if current prices are supportable in terms of affordability, availability of mortgages etc.

PasturesNew

You can find out the price by being a bit cheeky. Get their phone number, then phone them and pretend you're compiling a survey of service provided by EAs. Ask them questions like if they looked online or just in windows, how many did they view before buying, did they spend more or less than they set out to, how much was their house for sale for, what price did they buy it at, what would they rate the EA service on a range of 1-5.

Job done.

penguine

IveSeenTheLight wrote: »

I too have tried watching for a property I know has sold to look for the sale price.
I have given up now as it's over a year and still not showing.

Sometimes I think there are just problems with the online databases too. The flat next door to ours sold in Oct 2005 and again March 2008 ... I looked it up online about a year ago. But now when I do a search of our local area only the March 2008 price shows up -- the Oct 2005 one has just vanished off the system.

HAMISH_MCTAVISH

carolt wrote: »

Anyone else spotted this trend in their area?

Not up here.

Average sold prices in July 2009 (last available data) are now back up to within one percent of where they were in July 2007. And still rising.

I'm quite sure they will fluctuate with seasonal rises and falls for a while though.

michaels

We sold a house in March last year and it has not appeared on nethouseprices.

Hamish what source are you quoting your price changes from?

purch

Hamish what source are you quoting your price changes from?

Cloud Cuckoo Land :rolleyes:

HAMISH_MCTAVISH

purch wrote: »

Cloud Cuckoo Land :rolleyes:

:rotfl:

Actual sold price data from.....

http://www.myhouseprice.com/marketanalysis/AnalysisCharts.cfm

Aberdeen city council area, mean.

Interesting site for Scotland, has every council area and city, and will give you median, mean, and annual change figures.

carolt

Have fun with mouseprice.com - just found this earlier today - if you input your area, it will give you hours (well, minutes, anyway) of amusement, under the House Price Trends button on the left - esp the Recent Market Activity - flops section at the bottom of the page.

Also try:

http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/houses.stm

for fun on your area. Discovered that 2 areas I'm watching are down by 17% and 20% annually. So I'm not imagining it.