Losing momentum

ianmr65

nollag2006 wrote: »

House prices round my area (Harpenden) are still rising sharply.

I think the recent slowdown is likely to be shortlived, thankfully.

address type original price current price change days on market postcode

HARPENDEN 2 bedroom house £575,000 £499,950 DOWN 13% 298 days (al5) Wroxham Way, HARPENDEN 2 bedroom house £340,000 £300,000 DOWN 11% 178 days(al5) HARPENDEN 4 bedroom house £750,000 £665,000 DOWN 11% 298 days (al5) HARPENDEN 2 bedroom house £425,000£379,950 DOWN 10% 298 days(al5) HARPENDEN 4 bedroom house £725,000 £650,000 DOWN 10% 211 days(al5) Carlton Road AL5 2 bedroom semi detached £499,995 £450,000 DOWN 9%49 days (al5) Pickford Hill AL5 2 bedroom flat £175,000 £159,950 DOWN 8%45 days(al5) Queens Road, Harpenden , AL5 1QW 2 bedroom house £299,950 £275,000 DOWN 8%31 days(al5) Harpenden 1 bedroom house £299,950 £275,000 DOWN 8%62 days(al5) Harpenden 2 bedroom house £249,950 £229,950 DOWN 8%83 days (al5)

+ another 70 or so, in the harpenden area which have been marked down since being put on the market....

so on what basis do you think harpenden prices are rising sharply?

Kez100

Clearly, down is the new up.

nollag2006

ianmr65 wrote: »

addresstypeoriginal pricecurrent pricechangedays on marketpostcode
HARPENDEN 2 bedroom house £575,000 £499,950 DOWN 13% 298 days (al5) Wroxham Way, HARPENDEN 2 bedroom house £340,000 £300,000 DOWN 11% 178 days(al5) HARPENDEN 4 bedroom house £750,000 £665,000DOWN 11% 298 days (al5) HARPENDEN 2 bedroom house £425,000£379,950 DOWN 10% 298 days(al5) HARPENDEN 4 bedroom house £725,000 £650,000 DOWN 10% 211 days(al5) Carlton Road AL5 2 bedroom semi detached£499,995£450,000DOWN 9%49 days(al5) Pickford Hill AL5 2 bedroom flat £175,000£159,950DOWN 8%45 days(al5) Queens Road, Harpenden , AL5 1QW 2 bedroom house £299,950 £275,000 DOWN 8%31 days(al5) Harpenden 1 bedroom house £299,950 £275,000 DOWN 8%62 days(al5) Harpenden 2 bedroom house £249,950 £229,950 DOWN 8%83 days (al5)

:rotfl:

And your point is ??

Asking prices are often cut, even in a booming market (which we should be returning to in a few months)

If you want a more accurate insight into the local market in Harpenden, can I direct you to the Land Registry website, which shows inflation at about 7%, not as high as some parts of London, but good nonetheless

:T

Here's hoping we return to double digit inflation shortly

brit1234

nollag2006 wrote: »

:rotfl:

And your point is ??

Asking prices are often cut, even in a booming market (which we should be returning to in a few months)

If you want a more accurate insight into the local market in Harpenden, can I direct you to the Land Registry website, which shows inflation at about 7%, not as high as some parts of London, but good nonetheless

:T

Here's hoping we return to double digit inflation shortly

I love it when people use land registry figures to back their case. The fact that figures lag months behind and have artificially been fraudulently ramped up by new build developers in no way weakens you argument.

nollag2006

Nice !!

The fact that you need to be so crude shows the paucity of your argument

mr.broderick

ianmr65 wrote: »

address type original price current price change days on market postcode

HARPENDEN 2 bedroom house £575,000 £499,950 DOWN 13% 298 days (al5) Wroxham Way, HARPENDEN 2 bedroom house £340,000 £300,000 DOWN 11% 178 days(al5) HARPENDEN 4 bedroom house £750,000 £665,000 DOWN 11% 298 days (al5) HARPENDEN 2 bedroom house £425,000£379,950 DOWN 10% 298 days(al5) HARPENDEN 4 bedroom house £725,000 £650,000 DOWN 10% 211 days(al5) Carlton Road AL5 2 bedroom semi detached £499,995 £450,000 DOWN 9%49 days (al5) Pickford Hill AL5 2 bedroom flat £175,000 £159,950 DOWN 8%45 days(al5) Queens Road, Harpenden , AL5 1QW 2 bedroom house £299,950 £275,000 DOWN 8%31 days(al5) Harpenden 1 bedroom house £299,950 £275,000 DOWN 8%62 days(al5) Harpenden 2 bedroom house £249,950 £229,950 DOWN 8%83 days (al5)

+ another 70 or so, in the harpenden area which have been marked down since being put on the market....

so on what basis do you think harpenden prices are rising sharply?

What are all these numbers? Couldn't you have put this in to some sort of graph form or bar chart? Is this that propertybee thing? I know one thing if i was selling at the mo i'd start at 20k above value for a week or two then pull down to value.

mr.broderick

brit1234 wrote: »

I love it when people use land registry figures to back their case. The fact that figures lag months behind and have artificially been fraudulently ramped up by new build developers in no way weakens you argument.

Ok we'll use estate agent asking price figures instead.

brit1234

mr.broderick wrote: »

Ok we'll use estate agent asking price figures instead.

How about going out on a limb and use selling prices.:D

Everyone knows sale prices now are falling well below asking prices.:rotfl:

beingjdc

December 2010 futures have fallen again. Now somewhere between 152 and 155k - from currently 194k and a peak just under 200k. Odd. I'm still buying more, I think it's an over-reaction.

mr.broderick

beingjdc wrote: »

December 2010 futures have fallen again. Now somewhere between 152 and 155k - from currently 194k and a peak just under 200k. Odd. I'm still buying more, I think it's an over-reaction.

Forget the future it aint what it used to be.