From mse forum

Just fond this site you put in your post code and it lists all the people who have had to drop their price cos houses aint selling

Enjoy! I know I am! ( use IE firefox does not seem to work)

http://www.propertysnake.co.uk/

http://forums.moneysavingexpert.com/showthread.html?t=463379

I can't get with any browser, it's pinging though.
It's a new sole trader registered website:

dns lookup

Now that is a really good site! (if a little slow)

Now I don't have to remember what the prices were for all the long standing properties I often search on.

It worked about an hour ago, might be a small server and crashing!!

It does work, it's just very slow. For every page you just have to wait about 30 seconds.

A very good site. Nice find !

BURP!!!
Excuse me but I've already had a big bear's breakfast and I don't think I can eat anymore bear food for one day This site is excellent - most prices are zipping down in my neck of the woods. There is even a space to add comments in - be sure to state that you still think the property is "well over-priced!"

Happy days - Great Crash 2 has already started and the sheeple are still sleeping

They don't seem to be dropping here in hartlepool.

There are far more houses on the market, & they don't seem to be selling on the whole....but no real sign of prices dropping even though the bbc figures claimed they had gone down 5% but then up 3%.

2 Bed Terraces are still rising rapidly....about 20%-30% in the last year. I've seen 50k properties become 65k in the last 3 to 4 months (real sh*tholes no one would buy).

Only 6 falls here and the biggest was someone knocking £100k off something with an asking price of £1.3m. Having said that, I noticed the price for newly advertised houses that I would be interested in has dropped back under £250k. There are still several left over from last year's boom around the £280k level but these haven't sold.

I like

I'm really worried that due to the lack of any bull stories in the past couple of weeks that bulls/neithers may be in danger of starving! This would be terrible as there would be nobody to argue/debate with. Don't be depressed bulls - I've heard the Express Headline on Monday is:

House Prices to Triple by Friday

I wonder why we are so into it ? Spend a lot of time on here and with www.propertysnake now on the go I will never get anything done !

Not impressed. It is indeed the slowest website I've ever seen, but that not withstanding, the only prices reducing in my area are ex-council houses, some badly maintained semis well known in the area, and some large flats. Everything else has increased asking prices which are being realised. Wake me up when there's a real crash.

Would somebody like to start an official 'propertysnakewatch' thread to keep a daily update on the numbers on the lines of the existing daftwatch thread.

great site. some twit has reduced their price from 695k to 690k.

thats going to get them flocking in!

I can imagine the dick thinking i wont except offers.lol

A cottage in the village I lived in for the last few year was put on in March for £500K and now in May has been reduced to £400K.

Thats less than 1%, what a complete *****ng %^&*hole.

It's a potentially useful resource. Unfortunately, at the moment it's clearly running on someone's home PC via their broadband connection, and it's written in Ruby so performance won't be optimal.

I agree with most of this. What I don't agree is that prices are being realised. There is absolutely nothing selling in Harrogate, Wetherby, Knaresborough or Killinghall.

It would be interesting to see the database structure behind this. If they are recording EVERY price drop for each property then you can see where the problems might lie.

Of course it's no use for Brighton but it will be soon enough.

Wish I could see it, its being swamped!

The database would be relatively tiny after all there can't be more than a couple of million records in it. Only three to four tables required depending on the degree of normalisation.

Would run super quick on a basic dl380 which cost about a grand.

I run a 2TB DW on hardware not much greater than that loading around 40 Million records a week. Fack, that was interesting for everyone

Check out this, just araound the corner from my house:

http://www.propertysnake.co.uk/site/detail/203167

Cletus - are you the last bull turned bear?

itwas good for me - appears they are holding a detailed history of price reductions per property so guess an extra table - if they were just holding start and current you could do without

possibly a little off topic

Agreed I would design it that way too. One fact table, one record per house with columns original and current price.

I'll get my coat.

I think Mrs Slumpmonkey will be asking for a divorce now that I have discovered more bear porn

No idea what any of that means but sounds impressive!

Regarding the propertysnake, seems a good idea but i'm aware of bigger drops than seem to be shown. Highest shown for my area -12% but most single figures. One is reduced by £50 in £130K!! And how far back does the "original price" go? What if the vendors switch agent and change price at the same time? Who cares anyway?
I read some where a poster on here as suggested a similar idea to be added to rightmove along with a "no chain" search facility, don't think they'll buy it to be honested.

Does that propertysnake site work for you? I can see the home page but nothing else works. Looking at the html - the addresses for the pages like 'contact' are not formed correctly - there is no page suffix.

great site. not just for looking at prices drop and thinking "i told you so" but, potentially, for buying a house for a price below current market

Hi, yes it's up & running now.

Looks like a great site, but here is a house that has been on the market for over a year now & was originally 150k ish:

propertysnake

propertysnake only has it listed from March 2007, it was on with another agent (reeds rains I think) last year when we returned from France (we came back in May)

I know because we rented the house across the road from it for 8 months!

edited - this is another one that has been on the market for over a year now but propertysnake has it listed from march 2007:

propertysnake2

can't remember how much it was up for though. I wonder if the site got it's stats from March 2007. Anyone found 1 that goes back further ?

Great site don,t knock it,

How about this, is there any better indication of how insane the market has been recently?

19th March: 255k
23rd March 295k
4th May 225k

reality bites! But he has about another 100k to go on that I'm afraid.

http://www.propertysnake.co.uk/site/detail/712423

was that comment aimed at me ?

Yup, it's made my day. I've had a quick browse over my area and it confirms what I feel (can't be bovvered to keep notes).

I don't think it matters that they only have data to March 07. My guess is that March 07 will be the high-water mark against which future asking prices can be measured.

[ooops! Did I call the top? Didn't mean to, honest, and March 07 was in Q1 2007 wasn't it?]

?

http://www.propertysnake.co.uk/site/postcode/bn2

I know this property as been for sale for approx 2 years, original price £425k or £430k ( so long ago i can't remember), it's shown as first listed in March 2007 for £400k and reduced in april to £380k.

propertysnake details

Still over priced, £300k would be about right in my opinion which equates to a "crash" of about 30%!

type original price current price change
3 bedroom house £750,000 £595,000 DOWN 20%
3 bedroom flat £350,000 £275,000 DOWN 21%
3 bedroom town house £415,000 £370,000 DOWN 10%

This is mostly new-built crappolino. Quite impressive. But I would not at all buy.

All the ones I've looked at have a start date of either 20 or 21 March which, presumably, is when the site started.

Still useful and will get even more so.

p

How interesting will it be to watch this site after the next interest rate rise,say 0.5%!

yes, I think we will see some rapid drops of asking prices very soon. There are loads of properties in a few postcodes I tried that I recognised & it's good to be able to see what they started at & how much they have dropped.

ps -sorry if my earlier reply came across a bit negative, I't wasn't meant that way.

Great site - should be pinned somewhere. We should all contact this guy and send him our love!

15% off - beautiful

http://www.propertysnake.co.uk/site/detail/409818

Have a look at this in todays Grauniad

What a great site!

They should do some ready made business address cards to print that you can hand out to anybody still believing the VI spin and about to cripple themselves with debt to "get on the ladder" to save them from their folly.

My personal favourite is a charming little property in Mevagissey, down 29% to £245k, with one change from listed to sold and back again. Tee hee.

A large double fronted Grade II listed Georgian property with substantial accommdation.
Three Double Bedrooms, two with en-suite shower rooms
Three Reception Rooms
Family Bathroom, shower room and separate WC
Sea Views from the top floors
Conveniently positioned close to the harbour

Not bad but why did the Georgians always forget the garage?

As has been said before this is only covering two months. This will just get better and better!

Had a look at the area I'm interested in (S20), a lot of 4% and 3% reductions. It is a slow site but hey, I'm a bear. We're a patient lot.

Nice to see that this is down 21% though. If I had to live there I'd be using my deposit money to buy a gun to shoot myself!

Good site, should prove very useful over the next few years.

Am I the only one with a sticky keyboard?

Guys, we are at the top of the Pepsi Max big one and looking down! We have been patient - now it's time for fun!

Great Crash 2 has begun!!!

And yes I am getting excited!!!

The site's working well now!

Yes I was looking at BN2 earlier! I mean it's of limited use as Brighton prices need to fall by just a bit more than 8% to become even vaguely worth even thinking about buying. Those top listings are just comedy listings anyway. £1M for an apartment. WHERE DO I SIGN.

Brighton-bashing apart, it looks like a very useful site. If it takes off massively I can really see it helping in moving the housing market away from being a 100% sellers' market.

Edit: as I'm a spaz

I agree, can this thread be pinned moderators?