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Debate House Prices
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"Average House prices"
Comments
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Tell you what- if we agree on what is a reliable indicator of prices then I'll show some figures to back it up.
Otherwise blinding looking through nethouseprice.com is a waste of time. How about I show you properties that have been stuck on the market for a number of months... and compare them to sold prices of the same or extremely similar homes?
ie, like my example in another thread- no.23 Beveridge Rd - 140K, no takers. no.21 sold for 168K 5 years ago. How can you possibly explain that?0 -
Tell you what- if we agree on what is a reliable indicator of prices then I'll show some figures to back it up.
Otherwise blinding looking through nethouseprice.com is a waste of time. How about I show you properties that have been stuck on the market for a number of months... and compare them to sold prices of the same or extremely similar homes?
ie, like my example in another thread- no.23 Beveridge Rd - 140K, no takers. no.21 sold for 168K 5 years ago. How can you possibly explain that?
Mentally challanged buyer?
Lots about. I almost rented a flat in Sheffield that was 10 years old, but no-one had ever lived there.
It had just been flipped, re flipped, re flipped again. etc etc0 -
Tell you what- if we agree on what is a reliable indicator of prices then I'll show some figures to back it up.
Otherwise blinding looking through nethouseprice.com is a waste of time. How about I show you properties that have been stuck on the market for a number of months... and compare them to sold prices of the same or extremely similar homes?
ie, like my example in another thread- no.23 Beveridge Rd - 140K, no takers. no.21 sold for 168K 5 years ago. How can you possibly explain that?
Ummm, pretty sure you claimed not a single house had sold for comparable prices to 2007 in Kircaldy.
ISTL randomly looked up kirkcaldy prices and found lots which had sold for almost identical prices in 2010 as they did in 2007 in just a few minutes.
Better just to admit you were wrong and move on.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Mentally challanged buyer?
Lots about. I almost rented a flat in Sheffield that was 10 years old, but no-one had ever lived there.
It had just been flipped, re flipped, re flipped again. etc etc
The fact remains though that there are dozens of 3 bed semis that have been on the market for month upon month despite being listed a clear 20% less than sold prices indicated they would have otherwise sold for in 2007.
I view dozens of properties in 2007 and put in dozens of unsuccessful offers. 2 years later I cant believe how lucky I was to have been outbid on those properties because one by one Ive seen extremely similar places sell for considerably less.
I believe property prices are skewed as a result of the last two years being a period where people were more likely to upsize- selling flats they bought years ago for modest profits whilst leaping up a couple of rungs during a slump in the property ladder.
If there has been less FTBs then surely theres been less movement in cheaper properties?0 -
I believe property prices are skewed as a result of the last two years being a period where people were more likely to upsize- selling flats they bought years ago for modest profits whilst leaping up a couple of rungs during a slump in the property ladder.
If there has been less FTBs then surely theres been less movement in cheaper properties?
Oh !!!!!!.....
Was there a part of mix adjustment or repeat sale regression you didn't understand?“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Ummm, pretty sure you claimed not a single house had sold for comparable prices to 2007 in Kircaldy.
ISTL randomly looked up kirkcaldy prices and found lots which had sold for almost identical prices in 2010 as they did in 2007 in just a few minutes.
Better just to admit you were wrong and move on.
'Randomly'? Sure.
I looked up 'random' streets noticing some horrific drops in prices in Forth Avenue and Douglas Street in Kirkcaldy. Check out no. 22 Forth Avenue! 76K in 2007...... 57K in 2010...
ISTL suggested Canon Byrne Glebe,
2007 - 105.5K, 110K, 105K, 108.5K Av. 107.25
2008 - 82K, 107K Av. 94.5K
2009 - 105K, 100K Av. 102.5K
2010 - 107K, 103K**
**Two properties currently on the market in that street, have been for several months... no takers at 'offers in the region of 103K' says it all really!!!
Conclusion- These figures dont conform to the alledged rise in Scotland. Thanks proving my point for me ISTL0 -
IveSeenTheLight wrote: »
http://www.nethouseprices.com/index.php?con=sold_prices_street_detail&street=BINNEY+WELLS&locality=&town=KIRKCALDY&cCode=SC&year=All&house_style=All&house_age=All&search_radius=&outcode=KY1&incode=2BE
31 Binney Wells 18/02/2010 sold for £102,000
Comparable to: -
2 Binney Wells 26/10/2007 sold for £104,000
11 Binney Wells 03/05/2007 sold for £102,000
62 Binney Wells 29/03/2007 sold for £106,000
32 Binney Wells 28/03/2007 sold for £103,000
etc
etc
etc
What about no.12 which sold for 125K in 2007... you kept that quiet...
Anyway we dont know if no. 31 is a two bed or three bed. If its a 3 bed then its sold for about 20K less than some appear to have done in 2007.
So I looked at Rutherford court which are identical flats opposite...
Well what do you know!!!!! Only one has sold this year...
No. 17...
2007 - 105K
2010 - 92K0 -
HAMISH_MCTAVISH wrote: »Oh !!!!!!.....
Was there a part of mix adjustment or repeat sale regression you didn't understand?
Repeat sale regression during a 2 year window? What proportion of sales do you reckon are of properties that were bought within the last 2 years?0 -
What about no.12 which sold for 125K in 2007... you kept that quiet...
Anyway we dont know if no. 31 is a two bed or three bed. If its a 3 bed then its sold for about 20K less than some appear to have done in 2007.
So I looked at Rutherford court which are identical flats opposite...
Well what do you know!!!!! Only one has sold this year...
No. 17...
2007 - 105K
2010 - 92K
Never intended to keep no 12 quiet, it seemed to be so differently prices that it probably wasn't comparable.
Maybe it has an extra bedroom or something.
I know two properties that sold for less than they did previously.
The thing is, both had been left in badly need to repair and refurbishment. So you will get exceptions
Like I said, some months up some months down but stagnation over the three years in general.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Well what do you know!!!!! Only one has sold this year...
You said not one property has been sold with comparable prices.
I think I showed plenty.
The Registers of Scotland Executive Agency backs up with facts that Fife is marginally higher in April 2010 than it was in April 2007.
Facts speak for themselve and has shown up your contradictions:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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