Anecdotal house price story

Pobby

Just bumped into a friend who has her house up for sale.It`s a very decent 2 bed terrace in an OK area.

August,the EA put a value of £138,500 on it.Hmmmm,maybe a tad too much but £135k I would have said was about right.Quite a few lookers and just only one very low offer.Apparantly the lookers are going around tons of properties.

Has now dropped the price to by £15,000 which compared to the stuff on wrong move would be very competitive.Still no takers.

This is all happening very quickly now imo.The very thin end of a very long and thick wedge.

neas

I've seen an acceleration in the quantity and value of drops on rightmove... using property bee.
Was seeing 5k drops now seeing 15-20k drops every now and then.

Examples:

Vine Gardens, Milehouse, Plymouth

4 bedroom semi-detached
£184,950
This well presented semi detached has been extended to provide an annex which incorporates a large bedroom/studio & private bathroom. The main accommodation comprises lounge, dining room, kitchen, utility, bathroom, shower room & 3 bedrooms. Benefits from front & south facing rear gardens & parking.
More details, photographs, EPC and map available Save property Contact the agent
Marketed by Fox & Sons, Mutley Plain.
Telephone 0845 458 8793. (BT 4p/min)

History

dateevent19th Apr 2008

• Price changed: from '£199,950' to '£184,950'

5th Apr 2008

• Subtitle changed: from '4 bedroom house' to '4 bedroom semi-detached'

1st Mar 2008

• Initial entry found.

Callington Road, Saltash

3 bedroom semi-detached
£177,950
This 1920's semi detached family home has no onward chain and is situated in a convenient location and offers excellent sized accommodation to include living room with bay window, fitted kitchen, bathroom, utility area and three bedrooms.
More details, photographs, full brochure, EPC and map available Save property Contact the agent
Marketed by Fox & Sons, Saltash.
Telephone 0845 458 8795. (BT 4p/min)

History

dateevent18th Apr 2008

• Price changed: from '£194,950' to '£177,950'
• Brief Description changed: This 1920's semi detached family home has no onward chain and is situated in a convenient location and offers excellent sized accommodation to include living room with bay window, fitted kitchen, bathroom, utility area and three bedrooms.

10th Mar 2008

• Initial entry found.

Ivybridge

3 bedroom semi-detached
Offers in Region of £169,950
Maitlands are delighted to offer for sale this three bedroom semi detached house situated on the East side of Ivybridge. Located in a popular cul-de-sac this property comprises, lounge, kitchen/diner, three double bedrooms, bathroom and separate WC, integral garage and driveway parking. Additi...
More details, photographs, full brochure and map available Save property Contact the agent
Marketed by Maitlands Estate Agents, Ivybridge.
Telephone 0845 402 9237. (BT 4p/min)


History

dateevent18th Apr 2008

• Price changed: from 'Offers in Region of £179,950' to 'Offers in Region of £169,950'

27th Mar 2008

• Initial entry found.