What propertybee drops do you see in your area?

PasturesNew

I keep meaning to knock something up in access, as it's quick to go. Not got round to installing it though yet....

It's on the list of things to do. I think I could wallpaper a room with my list of things to do though if I wrote them all down!

m00m00

here's an interesting thing I'm starting to see on right move

Estate agents increasing the 'asking price' AFTER a property has changed to STC

two possible explanations for this

1) to try and encourage 'gazumping'
2) to try and skew perceptions of the market to make it appear healthier than it is

people browsing right move, would have no idea that the property went STC at a different price than the one currently being shown.

Lotus-eater

neas wrote: »

Average stats would be better.

I.e using a mean or median change would be best. Some of these houses are like the 99.9% of the 'distribution' (stats word lol)... So seeing one overpriced house drop 80k ...maybe a bit misleading.. it was probably over priced by 60k to start with.

Your absolutely correct, still was a bit of a shock.
Right then, stats from my area.
Started watching on the 2nd March.
Then 233 houses on the market, now 251.

20 houses prices dropped by an average of 5.125%
Take off the whopping 20% house drop and the 19 houses have dropped an average of 4.34%

3 houses are back on the market after being sold.

12 houses are sold

2 houses are under offer.

Houses with prices gone up 0

PasturesNew

m00m00 wrote: »

Mean and Median stats for my analysis is available in the 4 week 'roll up' thread (with graphs) over on ghpc.

Couldn't find it. Looked twice. Looked all over.
Going to have a 3rd look. Easy to get distracted over there though

Jorgan_2

PasturesNew wrote: »

Edit: I kept looking, if I had to buy today, this one is the one that to me seems best for my ticklist to be fairly full: http://www.rightmove.co.uk/viewdetails-9941004.rsp?pa_n=34&tr_t=buy although it does need a conservatory.

If you headed further west you could get a similar property in the Bridgend area for £155-165k. I was over that way on Tuesday prior to attending an auction in Cardiff, a four bedroom, three storey detached house achieved £150k, about £25-30k below what they are currently asking on the open market.

m00m00

PasturesNew wrote: »

Couldn't find it. Looked twice. Looked all over.
Going to have a 3rd look. Easy to get distracted over there though

I'll be doing a big update over this weekend, when the update is done, I'll supply a new direct link over here

PasturesNew

Ta
Got sidetracked again.... and had forgotten my username/password and it wouldn't let me search. So when I went to get the email from "forgot" I got sucked into the 200 emails I've received since yesterday and went off at a tangent.

PasturesNew

PasturesNew wrote: »

Ta
Got sidetracked again.... and had forgotten my username/password and it wouldn't let me search. So when I went to get the email from "forgot" I got sucked into the 200 emails I've received since yesterday and went off at a tangent.

Edit: given up now. Got logged in eventually, still couldn't find it. Lost the will to live.


I think I lost 45 minutes of my day there. Oh well. Pizza time...

Davesnave

PN, I read your comment about trampolines & take that on board, but looking at this property:

http://www.rightmove.co.uk/viewdetai..._n=34&tr_t=buy

it's only about 150m from the M4 so you're going to have a constant drone there. I'd rather have the kids on the tramp myself - at least they tire, go to school etc!

poppy10_2

m00m00 wrote: »

here's an interesting thing I'm starting to see on right move

Estate agents increasing the 'asking price' AFTER a property has changed to STC

two possible explanations for this

1) to try and encourage 'gazumping'
2) to try and skew perceptions of the market to make it appear healthier than it is

I think it's just plain 'ol mortgage fraud, for people who don't have sufficient deposits.

So e.g. if a house sells for £95,000, the EA logs in to Rightmove and changes the price to £100,000. Thus the buyer now only needs a 95% LTV mortgage, rather than a 100% mortgage which is impossible to get these days.