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Debate House Prices


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What are you seeing on your property bee?

245

Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    sjaypink wrote: »
    Doesn't take up much space though does it? I don't use FF either, only for looking on Right Move
    Me too. FF for RM/Property Bee - and also houseprices.co.uk/Property Chimp to calculate and show losses/gains and percentages with just a mouseover.
  • sjaypink
    sjaypink Posts: 6,740 Forumite
    I am really keen to get some holiday chalet right on the beach, for peanuts.... :)
    Studio flat right on the beach PN? :D
    We cannot change anything unless we accept it. Condemnation does not liberate, it oppresses. Carl Jung

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    sjaypink wrote: »
    I went through all that lot earlier. Let's face it, it's not a studio flat, it's a shed with a chemical toilet and no electricity at the end of a bleak strip of land, where one good storm will lose all access forever.

    So I thought about it - and various others within a mile of that one ... and dismissed them all.
  • sjaypink
    sjaypink Posts: 6,740 Forumite
    Wow, I'm seeing big drops now!

    335k dropped to 235k ???!
    We cannot change anything unless we accept it. Condemnation does not liberate, it oppresses. Carl Jung

  • LilacPixie
    LilacPixie Posts: 8,052 Forumite
    pretty much stagnentation here. Rightmove isn't big in my area so maybe not a true reflection but things either seem to be shifting without a price drop or then move fromsay o/o 100kto fixed 100k and sell or they sit for 12+ months because silly prices in first place
    MF aim 10th December 2020 :j:eek:
    MFW 2012 no86 OP 0/2000 :D
  • moggylover
    moggylover Posts: 13,324 Forumite
    There are houses on the market around here that have been on (and overpriced they were even then) since 2005!

    There are others that have come on since well over-priced and are still sitting there - and there are three on the market at the moment that I made offers on in the summer and had those offers rejected: only for them to drop to those offer prices around October time:rotfl::rotfl:.

    Overall, if it was priced right around here then it was still moving last year - however, there was very little worth looking at, and most of it was dreadfully overpriced, and in pretty poor condition (because unfortunately lots of even the most expensive stuff around here is in pretty rotten condition when you really look at it:rolleyes:).

    Overall well down on prices - and I have two friends in Estate Agency who admit that it is very slow with no real sign of anything improving.
    "there are some persons in this World who, unable to give better proof of being wise, take a strange delight in showing what they think they have sagaciously read in mankind by uncharitable suspicions of them"
    (Herman Melville)
  • zappahey
    zappahey Posts: 2,252 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I keep an eye on the area around Chippenham, in case we end up moving back next year.

    It would appear that only the high quality, competitively-priced stuff is moving and everything else is just sitting there. In July 2008, we sold our end-terrace in the area and now, for the same price, we could buy a similarly sized detached.

    There still seems to be a few transactions that are falling apart but I have no idea if it's better or worse than before.

    It would be interesting to see how representative this area is. I suspect that the local average is being skewed up by the fact that only the higher quality stuff is selling and all of the average to poor stuff is going nowhere.
    What goes around - comes around
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 31 December 2009 at 9:14AM
    Well I have had my eye on a house since I first started on this part of the forum, and it's still up for sale. Only had my eye on it cus I liked it, not cus I want it and it always seems to be there!

    It was £289k. It then dropped 60k to £219k over the period of about 8 months. It's now back up at £249k.

    It is, and always has been a little on the expensive side for the area. All I can assume is that the owners are not really fussed how quickly they sell and they are just holding out for the absolute maximum price they can get.

    The trouble is, they are competing with 4 bed houses for cheaper prices in the immediate area. The house is done up nicely, and they seem to think that will command the extra approx 40k they are asking compared to houses with an extra bedroom of the same type and build in the immediate area.

    Will be interested to see how much it does actually go for in the end. If it goes!

    The rest of the places? Mostly increasing in price roughly every couple of months and shifting if the price is "fair".
  • Mr.Brown_4
    Mr.Brown_4 Posts: 1,109 Forumite
    What are you seeing on your property bee?

    To respond to your question my answer is I am seeing the truth. Not vested interest 'reporting' of the market (either up or down), but simply a shop window reflecting genuine price movements. Instead of an endless, and quite often, pointless 'debate' about the direction of house prices - Property Bee shows what is actually happening in the market. In your market - your local area - what's been on for months / years, what's dropping, what is selling.

    Whenever I have read as much puff as I can take from this board, I spend five minutes or so checking PB and it normally reassures me of my sanity.

    Real properties, real price movements, real world.
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    It was £289k. It then dropped 60k to £219k over the period of about 8 months. It's now back up at £249k.

    A meaner man might say this little insight on your maths explains a lot about your propensity for statistical struggling.

    Not me, obviously.
    It's clearly a typo which wasn't corrected in your first edit!



    Not started on the wine early have you Graham?
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