First Propertybee results for my local area.

tomstickland

Whilst Propertybee doesn't tell you what houses are selling for, it does give a good idea of what is happening. If after 6 months every house has been reduced by 20% then you can be confident that prices are on a downward trend. Conversely, if 1 in 20 houses drop by 100% then they might just have been massively overpriced to start with.

lypsey

I live in North Kent and I loaded propertybee a while back , here are my results for my town
There are 193 reduced properties out of 692 properties
28% of properties reduced!!!!!
Interstingly when I first did this experiment on the 26.3.08 there were 335 properties for sale???

I also follow Brighton but ONLY do properties under 200k (otherwise it would take ages)
A massive 280 reductions out of 1052
27% reductions!!!!!!
When I first did this there were only 838 properties

m00m00

here's a little micro analysis of one of the areas I'm looking at
sticking to properties under 125k, no new builds, no shared ownership, duplicate properties (with multiple estate agents) removed

since 23rd Jan 08
299 properties on market as of today
28 STC (9.36% of market)
96 reductions (32.11% of market)

118 (39.46%) properties were already on the market on the date I started tracking so have been on the market for at LEAST 112 days

moanymoany

I've just spent over an hour trying to get onto property bee - it's driven me nuts!

I want to know about a specific place, please anyone - how do I go about it?

JanCee

Have you got Firefox? You need to download it before you can use property bee.

moanymoany

JanCee wrote: »

Have you got Firefox? You need to download it before you can use property bee.

I've downloaded Firefox - the free version. It keeps getting stuck at the same place, giving me instructions I can't follow. I'm waiting till dh gets home when he might have nore of an idea.

poppy10_2

moanymoany wrote: »

I've downloaded Firefox - the free version.

Yep, that's the best version :rolleyes:

moanymoany wrote: »

It keeps getting stuck at the same place, giving me instructions I can't follow.

What instructions are those?

Penelopa.Pitstop

Wow, I just found something interesting. Not everyone is decreasing prices ;-)

http://www.rightmove.co.uk/viewdetails-16712023.rsp?pa_n=11&tr_t=buy

14th May 2008

• Price changed: from '£249,950' to '£269,950'

11st Apr 2008

• Price changed: from '£279,950' to '£249,950'

3rd Apr 2008

• Initial entry found.

Maybe he/she got too low offers and decided to up the price?

m00m00

I've seen quite a few increases too

strangely they never sell after increasing the price ....

m00m00

there's been even more tinkering than you realise on that one

• Price changed: from '£249,950' to '£269,950'

19th Apr 2008

• Price changed: from '£279,950' to '£249,950'

21st Feb 2008

• Price changed: from '£289,950' to '£279,950'

10th Feb 2008

• Price changed: from '£275,000' to '£289,950' ]

22nd Jan 2008

• Initial entry found

(dates are different due to my results coming from the distributed version of property bee)