First Propertybee results for my local area.

tomstickland

This is for Stonehouse, Gloucestershire (near Stroud).

I first used it 8 days ago (15th April).
I've had a quick look around and here's the changes I've found:
2 bed bungalow : £159K to £149K
2 bed end of terrace: £154 to £150K
1 bed flat: Offers in excess of £105 to £100K

That was in 3 pages. Looks like prices are being dropped to try and stimulate sales.

A few more:
5 bed detached: £420K to £400K
5 bed semi: £420K to £400K
4 bed detached: £270K to £260K
4 bed end of terrace: 235 to 230
3 bed terrace: 210 to 205
3 bed semi: 175 to 165
3 bed semi: 170 to 165
3 bed end of terrace 175 to 165
3 bed end of terrace 165 to 160
2 bed end of terrace 155 to 150
3 bed terrace 150 to 145
2 bed terrace 145 to 140

About one reduction per page.
A few properties have disappeared too, two in my street I suspect have been taken off the market.

neas

sub 200k I'm seeing drops of 5-15k for houses that fit my description :P 3 bedroom ftber pads .

avantra

Here in Dursley (few miles down the road from you) we have few 3 beds houses reduced by 45k after 270 days on the market, nice houses IMH, I am looking for a 3 bed but will only pull my wallet when we are around 150K:cool:

JanCee

A quick question about propertybee. Can you look up the sale history of a particular house even if there has been a change of agents during the time it has been on the market?

samuela66

How do I get this property bee please!!!!!:o

MissMoneypenny

samuela66 wrote: »

How do I get this property bee please!!!!!:o

It's an add on for Firefox.

Jimuth

I've also found that a "tight" search combined with a wider search is useful in case a property drops into the top range of your tight search...

e.g. if you only ever search for 150K-180K, when a 190K property is dropped to 180K, unless you've seen it before on Rightmove, Bee thinks it's a new house.

Similar rates for where I am; drops are about affecting around 8% of the market per week now. Sometimes silly drops (seen one for £500!) but perhaps it's the start of chasing the market down.

stonethrower

All the info you want about it is here

http://www.property-bee.com/

morg_monster

I've been using propertybee since start of Feb to look at places within 1m of Surbiton station, with at least 2 bedrooms, up to £300,000. Mostly flats, but not new build, a few 2bed ex-LA terraces. First couple of months would see drops of about £2-5k, maybe one or two per search (17 pages, checking twice a week). Went on the site a couple of wks ago, on a tuesday. Same as usual. Checked two days later - about 15-20 brand new reductions since tuesday, in 19 pages. Some at the £2k mark, but many £5-15k and a couple of £20k drops!

This is a really desirable area, by the way, there are NO nasty bits, even the council estate part is really quite nice! The flats are almost all in established buildings on leafy residential streets, some with only a few flats, with nice communal gardens, not crammed together and mostly within half a mile of the station. You are 5 minutes walk from the Thames and Kingston is 10-15 minutes walk up the road with all its shops, cinema, restaurants etc. Richmond park, Bushy park and Hampton court aren't far away. Surbiton is just 18 minutes from London Waterloo on the fastest trains, and there are 12 trains an hour to London in the morning, making it a dream commute from the 'burbs. The area is VERY popular with professional couples or young families moving out of the Clapham/Balham etc to either buy their first place or buy a bigger place now they are expecting number 2. (we are the former, btw!)

Anyway that one day was a bit crazy (I think there were a LOT of bad news stories that day!). But now there are definitely more drops every time I check than there were before, maybe 5-10 in 19 pages. It really hit home to me that in even a classic "good" area the effect of all this crap can easily be seen now. Of course Surbiton does have a surfeit of flats, as nice as they are, so almost all of these drops are for flats, the 10 houses in the brackets so far have refused to drop their prices except for 1, even though they've all been on the market since at least start of feb. I'm not sure what is happening with more expensive houses, whether they are still holding up at the moment. might expand my search....
goddamn the addictiveness of PB! With that, MSE and propertysnake, its a wonder I ever get any work done. No wait, I don't...

Jimuth

morg_monster wrote: »

goddamn the addictiveness of PB! With that, MSE and propertysnake, its a wonder I ever get any work done. No wait, I don't...

LOL! :rotfl:
So, so, so true.

Penelopa.Pitstop

morg_monster wrote: »

I've been using propertybee since start of Feb to look at places within 1m of Surbiton station, with at least 2 bedrooms, up to £300,000. Mostly flats, but not new build, a few 2bed ex-LA terraces.

Been doing the same :-) Not sure if you're talking about the same house I think of, but some of them are on the market since September - November and started to drop prices only in April. In fact one of the houses dropped below the price I was ready to pay in November. The thing is I'm not interested in it anymore.

Some of the properties dropped even 20-30K but I assume they were overpriced in first place and are not attractive. Before property bee I just browsed property websites manually and saved properties I was interested or wanted to check when someone buy them.