I'm with tbf, i still think this bubble has legs at the lower end of the market. Exhibit A: http://www.zoopla.co...eatured_listing
Off to view one tomoorow, wife got the 3rd degree today fom the agent. When told our budget, X, the agent said, you do know its on the market for X+? Hasnt exactly flown off the shelf at X+
Of the 12 terraced houses that have sold in Hale in the last 3 months, the average price seems to be £350k, so I guess the house in question may recoup it's costs (obviously not after fees, unless it can sell for more.) But the £450k asking price seems a tad optimistic, which I think was the point being made.
I guess if the agent was so
confident of a sale of the one you are going to view they simply wouldn't allow you to view it. You've made your budget clear, but still they want you to view it, so I guess the ball is in your court to a certain extent. As you say, it hasn't exactly flown off the shelf at the higher price.
But you are right, there is a contrast now between the bottom and non-bottom ends of the market in Hale. The one I posted a page or so back has had £30k knocked off now, and a glance at the sold data in recent months for stuff that has been sat on the market for £800-900k shows the actual achieved prices are much closer to £700k.
It'll be interesting to see how long this Spring Bounce at the bottom end lasts.