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13% Of The Last 100 Houses Sold, Sold At A Loss


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HOLA441

I have a nifty firefox plugin I've been using for some months now, called PropertyChimp http://userscripts.org/scripts/show/31220

What PropertyChimp does is, for the houseprices.co.uk website, it displays a new link, when you click on that link it gathers all previous sales lines for that property together and displays green when it was sold at a profit, red when sold at a loss.

This means if you are viewing house prices, you don't have to faff about finding if a house has sold before and for how much then calculating how much of a gain/loss that is, you simply click.

So I typed the single county name of Cornwall into it and went down the last 100 sales listed (using data last undated on 31/01/09) and counted the red bits ... 13 of them.

So, for data on houseprices.co.uk for sales listed on Land Registry, that means 13% of them were sold at a loss.

Now, the data will be updated any day now (Monday?) it'd be interesting to see if that number increases or what.

http://www.houseprices.co.uk/e.php?q=cornwall&n=100

So:

1] Using Firefox, go get PropertyChimp, which uses Greasemonkey

2] Install it (install greasemonkey first)

3] Go to http://www.houseprices.co.uk and see a new link called "fetch", click that and see the magic happen

Edited by ScaredEitherWay
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That saves a lot of effort! It seems that most houses brought since 2005 and sold in 2008 are selling at a loss - which is exactly what the Nationwide data is showing us. Should be interesting to see the 2009 data.

My take is that houses sold at an actual loss are probably mostly forced sales.

Not a great number but if you probe the history for a given area they do seem to be steadily increasing, and not forgetting that just one such sale sets a new price floor.

Also very noticeable that many show very little profit since 2003

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HOLA4421

If anyone had trouble like me with this, here's the way it works:

You need to be using Mozilla Firefox (which you need for PropertyBee anyway, which everyone interested in house prices should have)

Install Greasemonkey first: https://addons.mozilla.org/en-US/firefox/addon/748 install then re-start browser (if you click the restart button on the download bit, it will restart with all the same tabs open)

then go to http://userscripts.org/scripts/show/31220 and hit Install button for PropertyMonkey

go to www.houseprices.co.uk, type in an area or postcode, it will bring up the properties, just roll your mouse over "Fetch" in the third column.

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Normally on houseprices.co.uk the data is updated on one of the last two days of the month, and I was a bit annoyed that there was no update on 27th Feb... which means I am expecting it to have fresh data on Monday, which will back fill those late returners (solicitors have 3 or 6 months, I forget which, to get the forms into the LR) and it will have the January data in it. So by tomorrow it should have that latest update.

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