ok i admit it house prices ARE mental

leftieM

Well I've given you the reason why I say bidding wars have been on the go for a while. I think it's fair to say that houses sold through Templeton Robinson represent a cross-section of the market.
If you want to follow the market I've discovered that McGranaghan publish offers so the city is covered - TR for South, Pooler for East and McGranaghan for North and West. Fill yer boots!

bingo_bango

For all those looking to buy around Finaghy/Dunmurry......there will be a lot of new stock in about 1 year from now.

Curent passed planning apps in Dunmurry include....
14 townhouses on the old Salto site - they've started these.
14 apartments and 2 townhouses in Dunmurry garden centre - right in the middle of the village.
72 apartments on the old Locksley furniture site.

The Beechlawns hotel has also just been sold to a property developer. No sign of plans yet, but it's a big site, so I'd imagine it'll be a mix of apartments and townhouses. It won't actually close until the end of the year though.

I think pricing in the area may be starting to slow down slightly, and I haven't seen as many homes on the market in the last 4-6 months. Lots of those around me were bought by people actually wanting to live here, so I don't see them selling any time soon.
Those I've spoken to are happy with where they're living, and have no intention of moving again for a while, so the developments above will provide much needed stock for the area. I still see people driving around looking for EA signs outside houses.

talksalot81

Does anyone know what would constitute normal for the 'spring bounce'? How much would one expect volume to increase between Jan and march for instance?

In that time period, volume for sale has increased 50% overall. In general agreement with the sentiment of this thread, this growth is not uniform across the pricing range. Volume in the sub £200k is not growing anywhere near as rapidly.

leftieM

So that's why they moved Salto.
Apparently Balmoral golf club has a rather generous offer (worth 100k per member) if they sell to a developer. Developers tried to buy before.
I'd say houses there would be worth a few dollars!

talksalot81

leftieM wrote:

So that's why they moved Salto.
Apparently Balmoral golf club has a rather generous offer (worth 100k per member) if they sell to a developer. Developers tried to buy before.
I'd say houses there would be worth a few dollars!

This is an ongoing story, nothing on the grapevine suggests it to be any closer to reality than previously.

There are a lot of factors to moving a golf course - many do not really need 100k and would rather they had a half decent golf course than 100k and some shabby affair that will take years to mature.

leftieM

talksalot81 wrote:

Does anyone know what would constitute normal for the 'spring bounce'? How much would one expect volume to increase between Jan and march for instance?

Sorry I don't know but I would suggest that fewer people are willing to move in the current climate because of the cost of moving to a bigger house (anecdotal!) so I would expect that the amount of property is way down. You could ask an EA - they could tell you straight off.

talksalot81

leftieM wrote:

You could ask an EA - they could tell you straight off.

If they thought I was waiting for a bounce to buy - then they would not be trustworthy! If they thought I was not wanting to wait to buy - then they would not be trustworthy! I dont know I would trust them with anything, even when they have nothing much to gain by lying!

leftieM

Are you suggesting that EAs lie? As if :rolleyes:.

tara747

Just came across this thread... my, how interesting it is to read with hindsight!!!

x12yhp

tara747 wrote: »

Just came across this thread... my, how interesting it is to read with hindsight!!!

Haha very interesting. I especially love this one...

NAR wrote: »

Doesn't really suprise me. Unfortunately some people on this board belong to a cloud cuckoo land that think house prices are going to fall!!!! :rotfl: :rotfl:

Seems that cloud cuckoo land was the place to be!!