This so called rise in house prices...

IveSeenTheLight

tomstickland wrote: »

I've said several times "for properties in my local area that I'm looking at. Under £150K".
The national average might well be rising, which just means that in some other area prices of sold properties have risen.
Do you have the data for the quantity of transactions per month over the last 2 years?

The issue I raised was against the index you were using, not the results.

You are comparing a rightmove asking price index against house price sales.
This is the problem, comparing one index with one stat "asking prices" against others that are actual "sales"

If you want to come back and look again at your area with actual sales figures it will be more relevant

tomstickland

chucky wrote: »

you forgot to mention that you changed your point half way through the thread from comparing house prices in the last year then changing it two years ago.

by all means you're allowed to change your mind but don't pretend that you didn't do it when your initial point has been discredited...

I think you need to calm down.
I'm not bleating, or excited, or desperate or trying to prove anything with hard data.
Hence I'm not bothered about whether it was 2007 or 2008.
I'm communicating what I have observed from my limited use of Property Bee.
ie: the prices at which things are shifting is clearly lower now than it was in 2007.
Now, you got all excited about whether I was refering to 07 or 08. I don't dispute that the national average might have moved up in the last year. It's not reflected in what I see on Rightmove though.
I do ask about the quantity though, because an average gives a very limited picture.

tomstickland

IveSeenTheLight wrote: »

The issue I raised was against the index you were using, not the results.

You are comparing a rightmove asking price index against house price sales.
This is the problem, comparing one index with one stat "asking prices" against others that are actual "sales"

If you want to come back and look again at your area with actual sales figures it will be more relevant

I'm not comparing any rightmove index with anything.
I'm just looking at asking prices and noting that they are being lowered, and the final values are lower than for similar properties in the previous year or two.

chucky

tomstickland wrote: »

I think you need to calm down.

i'm relaxed, leaning back on my chair and legs stretched under my desk... slouching does twinge my back slightly though.

tomstickland wrote: »

Hence I'm not bothered about whether it was 2007 or 2008.

that's a much better point than you originally made.

you've also understood what you're comparing - asking price vs sales prices doesn't compare. asking price vs asking price does.

did you manage to check it against the Rightmove index for your area?

tomstickland

I understood from the start.

System

tomstickland wrote: »

I'm communicating what I have observed from my limited use of Property Bee.
ie: the prices at which things are shifting is clearly lower now than it was in 2007.

You don't need use of property bee to work that out, limited or otherwise.

Cannon_Fodder

Tom, for what its worth, I can see some of what you are seeing, too.

A flurry of price drops on old stock, perhaps just trying to squeeze a buyer in before Xmas, maybe the drop will be reversed in the spring if still not sold...as they hope the market "has refreshed".

"New" properties appearing, that are in fact returning to market after a few months "away", after a year trying to sell without success. Perhaps a sign of returning confidence after the summer's headlines, but price-wise they've been sensible, mostly.

Real new properties, priced pretty competitively. Some more decent properties among them, instead of the poor stock that has sat still for upto two years.

A handful of price increases - after not selling for six months to a year, they think "ooh, lets try putting £5k on the price so people think its a different house"...?

I know its only anecdotal, but I haven't spotted serious disbelief of the "aberdeen-effect", so why should other observations be discounted?

[Deleted User]

zappahey wrote: »

Not wishing to participate in customary EA bashing, but he would say that wouldn't he. His interest is in getting you on the books as an income stream* and potential sale, not necessarily getting the best price for you.

As I said, that's a distinct possibility but I'm not going to go down your route of assuming a hidden agenda without considering the possibility that he could be right.

He says that people are selling first and buying later. I think that's true based upon the people that I know/know of.

He says that a lot of people have sold recently and are now looking to buy. I think that's true based upon the people that I know/know of.

In 'normal' years the market dies a death at christmas. But in normal years people around here tend to buy first and then sell. This year it's back to front. If you've *just* managed to sell your house (as many around here have) then you don't have the luxury of waiting until spring to start looking for a new home.

Really2

On a thread where all the people classed as bulls all agree that house prices are selling lower than they were 2 years ago what is the point?

The price indices rising is on YOY sales so yes over 2 years prices have dropped but it is impossible to ignore that fact that nearly all indices have risen this year.

So yes asking prices have dropped from 2007 and possibly form last year.
But there as been some monthly price increases, does it have to be a conspiracy or lies.
I would say check your local LR details.
That is the most complete souce of inf.o

Really2

MissDBoat wrote: »

Is that Land Registry? Aren't they about six months out of date?

Welcome,

LR are listed anything from 2-6 months after sale.

So take recently sold houses and compare it to when they were last sold and from that you can work out your own little indices.
(only do the above if you do not believe any of the mainstream indices)

Other wise take the local LR details, they are only about three months out, add the +/- from the other indices if you want for the last 3 months to get an approximate now figure if you wish.