m00m00's weekly property bee stats Week 6

carolt

Thanks, m00m00, for all your hard work.

What I find astonishing is that your figures show around 10-15% of all properties for sales have reduced their prices within the 4 weeks you've been doing this, across the board (pro rata for areas you've only just started looking at).

That's an awful lot of over-priced property out there...

Who'd have thunk it? :rolleyes:

If they keep this up, will it be 20-30% within 2 months, 30-45% in 3 months etc?

I look forward to finding out....

m00m00

wk5, graphs REALLY coming soon


NG15
28 reductions

largest reduction £15,000
Largest Percentage reduction 8.03%

average reduction £5,508
average Percentage reduction 3.50%

2 increases
largest increase £10000
largest percentage increase 10.01%

average increase £6475
average percentage increase 7.11%

Average price of property reduced : £158,660

Status Change Available to STC : 14
Status Change STC to Available : 1


Property on market 852

Percentage of property on market reduced in past week 3.29%
Percentage of property on market status change to STC 1.64%

Change on previous week +6


last weeks reductions 28
change in reductions +- 0

cumulative total of reductions (5 weeks) 113


GU21 (Woking, Surrey)

23 reductions

largest reduction £25,050
Largest Percentage reduction 9.07%

average reduction £12691
average Percentage reduction 3.24%

1 increase
largest increase £20000
largest percentage increase 5.26%

average increase £20000
average percentage increase 5.26%

average price of property reduced : 394861

Status Change Available to STC : 20
Status Change STC to Available : 2


Property on market 789

Percentage of property on market reduced in past week 2.92%
Percentage of property on market status change to STC 2.53%

Change on previous week -4

last weeks reductions 27
change in reductions -4

cumulative total of reductions (3 weeks) 73


NG 9

40 reductions

largest reduction £55,000
Largest Percentage reduction 10.24%

average reduction £8,300
average Percentage reduction 4.23%

2 increases
largest increase £5050
largest percentage increase 3.23%

average increase £5025
average percentage increase 2.88%

Average price of property reduced : £186496

Status Change Available to STC : 15
Status Change STC to Available : 4


Property on market 1340

Percentage of property on market reduced in past week 2.99%
Percentage of property on market status change to STC 1.12%

Change on previous week +- 0




last weeks reductions 56
change in reductions -16

cumulative total of reductions (4 weeks) 190


NG8

11 reductions

largest reduction £20000
Largest Percentage reduction 10.53%

average reduction £6995
average Percentage reduction 4.23%

1 increase
largest increase £6005
largest percentage increase 3.90%

average increase £6005
average percentage increase 3.90%

Average price of property reduced : £150303

Status Change Available to STC : 13
Status Change STC to Available : 3


Property on market 762

Percentage of property on market reduced in past week 1.44%
Percentage of property on market status change to STC 1.71%

Change on previous week +12


last weeks reductions 40
change in reductions -29

cumulative total of reductions (5 weeks) 111

York


63 reductions

largest reduction £205000
Largest Percentage reduction 17.08%

average reduction £10578
average Percentage reduction 3.72%

2 increases
largest increase £10000
largest percentage increase 5.00%

average increase £6000
average percentage increase 3.18%

Average price of property reduced : £227867

Status Change Available to STC : 26
Status Change STC to Available : 7


Property on market 2141

Percentage of property on market reduced in past week 2.94%
Percentage of property on market status change to STC 1.21%

Change on previous week +38




last weeks reductions 81
change in reductions -18

cumulative total of reductions (5 weeks) 375


WF6

7 reductions

largest reduction £14000
Largest Percentage reduction 8.75%

average reduction £7208
average Percentage reduction 4.88%

0 increase
largest increase
largest percentage increase

average increase
average percentage increase

Average price of property reduced : £165906

Status Change Available to STC : 3
Status Change STC to Available : 0


Property on market 308

Percentage of property on market reduced in past week 2.27%
Percentage of property on market status change to STC 0.97%

Change on previous week +3




last weeks reductions 8
change in reductions -1

cumulative total of reductions (4 weeks) 63


Wakefield

30 reductions

largest reduction £120950
Largest Percentage reduction 37.80%

average reduction £13077
average Percentage reduction 5.15%

0 increases
largest increase
largest percentage increase

average increase
average percentage increase

Average price of property reduced : £223004

Status Change Available to STC : 7
Status Change STC to Available : 0


Property on market 1317

Percentage of property on market reduced in past week 2.28%
Percentage of property on market status change to STC 0.53%

Change on previous week +21

last weeks reductions 43
change in reductions +7

cumulative total of reductions (4 weeks) 159

LS1 (+1 mile radius) (Leeds City Centre+immediate surrounding areas)

23 reductions

largest reduction £20000
Largest Percentage reduction 14.31%

average reduction £7859
average Percentage reduction 4.93%

3 increases
largest increase £9500
largest percentage increase 7.31%

average increase £4883
average percentage increase 3.78%



average price of property reduced : 168551

Status Change Available to STC : 11
Status Change STC to Available : 3


Property on market 1235

Percentage of property on market reduced in past week 1.86%
Percentage of property on market status change to STC 0.89%

Change on previous week +31

last weeks reductions 28
change in reductions -5

cumulative total of reductions (3 weeks) 72


E1 (London)

15 reductions

largest reduction £35000
Largest Percentage reduction 7.89%

average reduction £11729
average Percentage reduction 3.57%

5 increases (all increases on the same new build development offered 'off plan')


largest increase £200000
largest percentage increase 67.80%

average increase £95000
average percentage increase 27.87%



average price of property reduced : 310859

Status Change Available to STC : 8
Status Change STC to Available : 1


Property on market 795

Percentage of property on market reduced in past week 1.89%
Percentage of property on market status change to STC 1.01%

Change on previous week -9

last weeks reductions No Previous Rolling Data
change in reductions No Previous Rolling Data

cumulative total of reductions (1 week) 15


SE1 (London)

26 reductions

largest reduction £250000
Largest Percentage reduction 20.83%

average reduction £33992
average Percentage reduction 5.25%

4 increases
largest increase £305000
largest percentage increase 43.88%

average increase £82501
average percentage increase 12.40%



average price of property reduced : 566090

Status Change Available to STC : 12
Status Change STC to Available : 4


Property on market 817

Percentage of property on market reduced in past week 3.06%
Percentage of property on market status change to STC 1.47%

Change on previous week +27

last weeks reductions no previous rolling data
change in reductions no previous rolling data

cumulative total of reductions (1 week) 25

poppy10_2

This beauty just got reduced by a whopping 40 grand, down from £280,000 to £240,000. It's been stuck on the market since at least the beginning of Jan.
http://www.rightmove.co.uk/viewdetails-9499809.rsp?pa_n=1&tr_t=buy

beecher

I love property bee - been tracking Shawlands in Glasgow, for a few weeks now- it seems to be the lower and higher priced properties which are being cut. Some fixed prices are being cut too and it is interesting to see what % above the offers over fixed prices are being set at. Great to have that sort of information.

happinessfactory

poppy10 wrote: »

This beauty just got reduced by a whopping 40 grand, down from £280,000 to £240,000. It's been stuck on the market since at least the beginning of Jan.
http://www.rightmove.co.uk/viewdetails-9499809.rsp?pa_n=1&tr_t=buy

And there was I thinking 70s-built boxes with Dubai-chic interiors were all the rage in Manchester :rolleyes:

m00m00

since this forum won't let me embed images I can't put the graphs up on there

there's a thread with the first few graphs up here, with all further graphs to be added to it, as I do them

http://forum.globalhousepricecrash.com/index.php?showtopic=29476

m00m00

NG15
24 reductions

largest reduction 25000
Largest Percentage reduction 7.15%

average reduction 5525
average Percentage reduction 3.27%

0 increases
largest increase 0
largest percentage increase 0%

average increase £0
average percentage increase %

Average price of property reduced : £154584

Status Change Available to STC :9
Status Change STC to Available : 3


Property on market 859

Percentage of property on market reduced in past week 2.79%
Percentage of property on market status change to STC 1.05%

Change on previous week +7


last weeks reductions 28
change in reductions - 4

cumulative total of reductions 137 (6 weeks)


GU21 (Woking, Surrey)

31 reductions

largest reduction £34,950
Largest Percentage reduction 9.99%

average reduction £10255
average Percentage reduction 3.07%

1 increase
largest increase £45
largest percentage increase 0.01%

average increase £45
average percentage increase 0.01%

average price of property reduced :£322503

Status Change Available to STC :5
Status Change STC to Available : 2


Property on market 797

Percentage of property on market reduced in past week 3.89%
Percentage of property on market status change to STC 0.63%

Change on previous week +8

last weeks reductions 23
change in reductions +8

cumulative total of reductions 104 ( 4weeks)


NG9

24 reductions

largest reduction £125,000
Largest Percentage reduction 9.09%

average reduction £11,439
average Percentage reduction 3.81%

0 increases
largest increase £
largest percentage increase .%

average increase £
average percentage increase .%

Average price of property reduced : £215951

Status Change Available to STC :11
Status Change STC to Available : 2


Property on market 1356

Percentage of property on market reduced in past week 1.77%
Percentage of property on market status change to STC 0.81%

Change on previous week +16




last weeks reductions 40
change in reductions -16

cumulative total of reductions 214 (5 weeks)


NG8

27 reductions

largest reduction £20000
Largest Percentage reduction 12.50%

average reduction £5646
average Percentage reduction 4.36%

2 increases
largest increase £ 2950
largest percentage increase 4.76%

average increase £1478
average percentage increase 2.38%

Average price of property reduced : £133882

Status Change Available to STC : 12
Status Change STC to Available : 3


Property on market 770

Percentage of property on market reduced in past week 3.51%
Percentage of property on market status change to STC 1.56%

Change on previous week +8


last weeks reductions 11
change in reductions +16

cumulative total of reductions 138 (8 weeks)

York


66 reductions

largest reduction £25005
Largest Percentage reduction 9.07%

average reduction £6777
average Percentage reduction 3.24%

4 increases
largest increase £5050
largest percentage increase 4.04%

average increase £4774
average percentage increase 3.35%

Average price of property reduced : £205656

Status Change Available to STC :18
Status Change STC to Available : 5


Property on market 2176

Percentage of property on market reduced in past week 3.03%
Percentage of property on market status change to STC 0.83%

Change on previous week +35




last weeks reductions 63
change in reductions +3

cumulative total of reductions 441 (6 weeks)


WF6

13 reductions

largest reduction £25000
Largest Percentage reduction 9.34%

average reduction £8070
average Percentage reduction 4.20%

11 increases
largest increase 9950
largest percentage increase 4.50%

average increase 4332
average percentage increase 2.25%

Note on increases: all increases were with same estate agent, and all

properties increased had previously had reductions on the 1st of March. It

is likely they will all be reduced again soon.

Average price of property reduced : £175168

Status Change Available to STC
Status Change STC to Available :0


Property on market 304

Percentage of property on market reduced in past week 4.28%
Percentage of property on market status change to STC 0.99%

Change on previous week -4




last weeks reductions 7
change in reductions +6

cumulative total of reductions 76 (5 weeks)


Wakefield

41 reductions

largest reduction £50,000
Largest Percentage reduction 12.24%

average reduction £10851
average Percentage reduction 4.52%

1 increases
largest increase 9950
largest percentage increase 6.22%

average increase 9950
average percentage increase 6.22%

Average price of property reduced : £226817

Status Change Available to STC :10
Status Change STC to Available : 4


Property on market 1330

Percentage of property on market reduced in past week 3.08%
Percentage of property on market status change to STC 0.75%

Change on previous week +13

last weeks reductions 30
change in reductions +11

cumulative total of reductions 200 (6 weeks)

LS1 (+ 1 mile radius) (Leeds City Centre+immediate surrounding areas)

34 reductions

largest reduction £15000
Largest Percentage reduction 11.54%

average reduction £6222
average Percentage reduction 4.61%

2 increases
largest increase £5000
largest percentage increase 4.35%

average increase £3000
average percentage increase 2.6%



average price of property reduced : 136062

Status Change Available to STC :6
Status Change STC to Available : 1


Property on market 1229

Percentage of property on market reduced in past week 2.77%
Percentage of property on market status change to STC 0.49%

Change on previous week +6

last weeks reductions 23
change in reductions +11

cumulative total of reductions 106(4 weeks)


E1 (London)

29 reductions

largest reduction £200,000
Largest Percentage reduction 40.4%

average reduction £ 31720
average Percentage reduction 6.87%

2 increases


largest increase £30000
largest percentage increase 9.38%

average increase £25000
average percentage increase 7.67%



average price of property reduced :439095

Status Change Available to STC
Status Change STC to Available : 1


Property on market 815

Percentage of property on market reduced in past week 3.56%
Percentage of property on market status change to STC 0.37%

Change on previous week +20

last weeks reductions 15
change in reductions +14

cumulative total of reductions 35 (2 weekS)


SE1 (London)

28 reductions

largest reduction £125000
Largest Percentage reduction 11.36%

average reduction £24850
average Percentage reduction 4.45%

4 increases
largest increase £23000
largest percentage increase 10.13%

average increase £10775
average percentage increase 4.48%



average price of property reduced :512,405

Status Change Available to STC : 8
Status Change STC to Available : 0


Property on market 836

Percentage of property on market reduced in past week 3.35%
Percentage of property on market status change to STC 0.96%

Change on previous week + 19

last weeks reductions 26
change in reductiOns +2

cumulative total of reductions 54 (2 weeks)

blue_monkey_2

Someone getting desperate:

http://propertysnake.co.uk/site/detail/9331221

Or was greedy!!

or:

http://propertysnake.co.uk/site/location/1107

neas

blue_monkey wrote: »

Someone getting desperate:

http://propertysnake.co.uk/site/detail/9331221

Or was greedy!!

or:

http://propertysnake.co.uk/site/location/1107

Some people intentionally use propertysnake to advertise... put it up for 200k more on rightmove... knock off the 200k rise it up and down. I seen properties do this already... Hence why i use property bee now instead.

blue_monkey_2

Neas, they are desperate - you can usually get a 4 bed for £465k in this area let alone a 7 bed. As we have discussed before. Desperate, desperate, desperate, lots of houses all listed with 'no chain' boards going up all over the place with people trying to get a sale. I've explained the area we live in before, houses would usually be sold in a few days, without a board bothering to go up as there was a waiting list of people wanting to move in. Not so much of the same these days!!