House Price Crash forum: Auction - Barnard Marcus - 406 Lots - Summary Post - House Price Crash forum

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Auction - Barnard Marcus - 406 Lots - Summary Post Down 33.3% - 2.6 Million Lost on property in one day

#1 User is offline   tommyboy 

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Posted 13 October 2008 - 05:51 PM

Just a summary of todays auction, to save you the time of trawling through the 24 pages of posts



Total sold properties: 190
Total unsold properties: 116
Total no bids: 0
Total sold prior properties: 0
Total withdrawn properties: 5
Total sold properties with price paid info: 56

Total sold / unsold properties with pricepaid info: 81
Total sales (sold properties): £21,458,250
Total sales (all properties based on highest bid): £35,603,750

Total profit loss (only sold properties with price paid info) : -£2,589,250 (-33.3%)
Total profit loss (all properties based on highest bid with price paid info) : -£3,467,730 (-31.3%)



Top 20 losers

Lot -- Loss £ -- Loss %

152 -£143,000 -49%
348 -£142,750 -55%
209 -£142,500 -69%
332 -£139,000 -62%
155 -£136,000 -62%
363 -£124,000 -45%
63 -£122,950 -60%
62 -£120,995 -61%
214 -£119,500 -53%
79 -£117,995 -45%
249 -£110,000 -31%
355 -£109,500 -48%
384 -£102,000 -57%
198 -£100,000 -54%
78 -£92,000 -41%
268 -£90,000 -49%
202 -£89,000 -57%
171 -£88,000 -57%
212 -£87,950 -50%
218 -£83,607 -47%


Top 20 losers %

Lot -- Loss % -- Loss £

209 -£142,500 -69%
332 -£139,000 -62%
155 -£136,000 -62%
62 -£120,995 -61%
63 -£122,950 -60%
197 -£83,500 -59%
384 -£102,000 -57%
202 -£89,000 -57%
171 -£88,000 -57%
404 -£78,995 -57%
348 -£142,750 -55%
198 -£100,000 -54%
403 -£70,495 -54%
214 -£119,500 -53%
318 -£65,000 -52%
326 -£33,500 -52%
265 -£66,495 -51%
212 -£87,950 -50%
152 -£143,000 -49%
268 -£90,000 -49%

#2 User is offline   acceleratorhams 

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Posted 13 October 2008 - 05:55 PM

Thanks for the info

#3 User is offline   redshoes 

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Posted 13 October 2008 - 06:03 PM

Thank you for all your work (again) tommyboy. Much appreciated.

#4 User is offline   Nicholas Cage 

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Posted 13 October 2008 - 06:03 PM

Thanks, nice correlation between highest bid and previous sale price

Quote

Total profit loss (only sold properties with price paid info) : -£2,589,250 (-33.3%)
Total profit loss (all properties based on highest bid with price paid info) : -£3,467,730 (-31.3%)

This post has been edited by Nicholas Cage: 13 October 2008 - 06:03 PM


#5 User is offline   Frank Hovis 

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Posted 13 October 2008 - 06:05 PM

View Posttommyboy, on Oct 13 2008, 06:51 PM, said:

Top 20 losers %

Lot -- Loss % -- Loss £

209 -£142,500 -69%
332 -£139,000 -62%
155 -£136,000 -62%
62 -£120,995 -61%
63 -£122,950 -60%
197 -£83,500 -59%
384 -£102,000 -57%
202 -£89,000 -57%
171 -£88,000 -57%
404 -£78,995 -57%
348 -£142,750 -55%
198 -£100,000 -54%
403 -£70,495 -54%
214 -£119,500 -53%
318 -£65,000 -52%
326 -£33,500 -52%
265 -£66,495 -51%
212 -£87,950 -50%
152 -£143,000 -49%
268 -£90,000 -49%


WoW!

I know we've all been saying that would happen, but so soon!
Honorary truck driver.

#6 User is offline   Muskoka 

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Posted 13 October 2008 - 06:07 PM

Thank you Thank you Thank you

#7 User is offline   casper_uk 

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Posted 13 October 2008 - 06:11 PM

excellent work, thanks :)

#8 User is offline   dave 

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Posted 13 October 2008 - 06:17 PM

wholley f'ing sh*t batman. 4 bedroom detached in Derby for 89k 3 bedroom detached in nottingham for 65k, draycott mills drops even further than last auction by 25k, now down to 64k.

Some real tangible falls around my area atlast.

#9 User is offline   mikthe20 

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Posted 13 October 2008 - 07:21 PM

thanks for your efforts tommyboy - really useful info there.
"Ignorance is strength" (1984)

#10 User is offline   notthereyet 

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Posted 13 October 2008 - 07:26 PM

View Posttommyboy, on Oct 13 2008, 06:51 PM, said:

Just a summary of todays auction, to save you the time of trawling through the 24 pages of posts

Click here for full summary


Total sold properties: 190
Total unsold properties: 116
Total no bids: 0
Total sold prior properties: 0
Total withdrawn properties: 5
Total sold properties with price paid info: 56

Total sold / unsold properties with pricepaid info: 81
Total sales (sold properties): £21,458,250
Total sales (all properties based on highest bid): £35,603,750

Total profit loss (only sold properties with price paid info) : -£2,589,250 (-33.3%)
Total profit loss (all properties based on highest bid with price paid info) : -£3,467,730 (-31.3%)



Top 20 losers

Lot -- Loss £ -- Loss %

152 -£143,000 -49%
348 -£142,750 -55%
209 -£142,500 -69%
332 -£139,000 -62%
155 -£136,000 -62%
363 -£124,000 -45%
63 -£122,950 -60%
62 -£120,995 -61%
214 -£119,500 -53%
79 -£117,995 -45%
249 -£110,000 -31%
355 -£109,500 -48%
384 -£102,000 -57%
198 -£100,000 -54%
78 -£92,000 -41%
268 -£90,000 -49%
202 -£89,000 -57%
171 -£88,000 -57%
212 -£87,950 -50%
218 -£83,607 -47%


Top 20 losers %

Lot -- Loss % -- Loss £

209 -£142,500 -69%
332 -£139,000 -62%
155 -£136,000 -62%
62 -£120,995 -61%
63 -£122,950 -60%
197 -£83,500 -59%
384 -£102,000 -57%
202 -£89,000 -57%
171 -£88,000 -57%
404 -£78,995 -57%
348 -£142,750 -55%
198 -£100,000 -54%
403 -£70,495 -54%
214 -£119,500 -53%
318 -£65,000 -52%
326 -£33,500 -52%
265 -£66,495 -51%
212 -£87,950 -50%
152 -£143,000 -49%
268 -£90,000 -49%



Thanks tommyboy

#11 User is offline   notthereyet 

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Posted 13 October 2008 - 07:32 PM

View Posttommyboy, on Oct 13 2008, 06:51 PM, said:

Just a summary of todays auction, to save you the time of trawling through the 24 pages of posts

Click here for full summary


Total sold properties: 190
Total unsold properties: 116
Total no bids: 0
Total sold prior properties: 0
Total withdrawn properties: 5
Total sold properties with price paid info: 56

Total sold / unsold properties with pricepaid info: 81
Total sales (sold properties): £21,458,250
Total sales (all properties based on highest bid): £35,603,750

Total profit loss (only sold properties with price paid info) : -£2,589,250 (-33.3%)
Total profit loss (all properties based on highest bid with price paid info) : -£3,467,730 (-31.3%)



Top 20 losers

Lot -- Loss £ -- Loss %

152 -£143,000 -49%
348 -£142,750 -55%
209 -£142,500 -69%
332 -£139,000 -62%
155 -£136,000 -62%
363 -£124,000 -45%
63 -£122,950 -60%
62 -£120,995 -61%
214 -£119,500 -53%
79 -£117,995 -45%
249 -£110,000 -31%
355 -£109,500 -48%
384 -£102,000 -57%
198 -£100,000 -54%
78 -£92,000 -41%
268 -£90,000 -49%
202 -£89,000 -57%
171 -£88,000 -57%
212 -£87,950 -50%
218 -£83,607 -47%


Top 20 losers %

Lot -- Loss % -- Loss £

209 -£142,500 -69%
332 -£139,000 -62%
155 -£136,000 -62%
62 -£120,995 -61%
63 -£122,950 -60%
197 -£83,500 -59%
384 -£102,000 -57%
202 -£89,000 -57%
171 -£88,000 -57%
404 -£78,995 -57%
348 -£142,750 -55%
198 -£100,000 -54%
403 -£70,495 -54%
214 -£119,500 -53%
318 -£65,000 -52%
326 -£33,500 -52%
265 -£66,495 -51%
212 -£87,950 -50%
152 -£143,000 -49%
268 -£90,000 -49%


HBOS Letting property go but Mortgagee withdrawing a lot of property,must be hopefull of a better price next auction <_<

This post has been edited by worththewait: 13 October 2008 - 07:35 PM


#12 User is offline   rainbow 

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Posted 13 October 2008 - 07:54 PM

Many thanks tommyboy

#13 User is offline   PropertyQuant 

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Posted 13 October 2008 - 08:37 PM

My analysis, with equivalent dates.

Barnard Marcus equivalent date index for Oct 2008: Apr 2002 (Inflation-adjusted: Mar 1999)

Last month the equivalent date was Sep 2002, the month before it was Nov 2002.

We're still heading back in time!

Attached File(s)



#14 User is offline   TeddyBear 

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Posted 13 October 2008 - 10:26 PM

View PostPropertyQuant, on Oct 13 2008, 09:37 PM, said:

My analysis, with equivalent dates.

Barnard Marcus equivalent date index for Oct 2008: Apr 2002 (Inflation-adjusted: Mar 1999)

Last month the equivalent date was Sep 2002, the month before it was Nov 2002.

We're still heading back in time!


Hi Property Quant. I was wondering if the new builds should be split as a separate calculation as, when you look at the individual results, it's the "luxury apartments" build in the last 6ish years that seem to uniformally have massive drops and perhaps that's bringing down the price average as a whole?

If I look at non newbuild London properties on that auction for instance, they are still well above 2002 unfortunately

Cheers as ever to TommyBoy
LONDON, April 5, 2004 – The Rt Hon Gordon Brown, MP, Chancellor of the Exchequer, today officially opened Lehman Brothers’ new European headquarters building at 25 Bank Street, Canary Wharf, London.

Commenting on the event, the Rt Hon Gordon Brown, MP, Chancellor of the Exchequer, said: “I would like to pay tribute to the contribution you and your company make to the prosperity of Britain. During its one hundred and fifty year history, Lehman Brothers has always been an innovator, financing new ideas and inventions before many others even began to realise their potential. And it is part of the greatness not just of Lehman Brothers but of the City of London, that as the world economy has opened up, you have succeeded not by sheltering your share of a small protected national market but always by striving for a greater and greater share of the growing global market.”

#15 User is offline   beans on toast 

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Posted 14 October 2008 - 08:24 AM

Thanks for the info.

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