kittingerjump Posted July 20, 2009 Share Posted July 20, 2009 A property in Thames Ditton. Noticed it was on the market in Jan-March for £280k. Withdrawn by the estate agent (who own the property). Back on the market this week for £300k. Is this where rightmove get their figures from? Quote Link to comment Share on other sites More sharing options...
neon tetra Posted July 20, 2009 Share Posted July 20, 2009 OK.... Riddle me this... (indulge me) - Rightmove charts asking prices: average £227K (approx) - Nationwide charts sales prices: average £157K (approx) Therefore.... average sale value as a percentage of asking price would appear to be 69% But.... I had in mind this figure was around 90%. Ergo.... There's something funny about these figures. Explanations? (only the realistically priced houses selling, etc?) Quote Link to comment Share on other sites More sharing options...
Jim B. Posted July 20, 2009 Share Posted July 20, 2009 only the realistically priced houses selling Yep. I've been watching property on Right Move in my area and there is some over-priced stuff that's literally been sat there for well over a year. No-one will touch it at the kind of prices it's on it. I don't see the point in it being there to be honest. There may be a psychological plan to advertise high to then supply a big reduction, so buyer thinks they've got a good deal, but the danger in that is that no-one will view it as they think it's out of their budget. Quote Link to comment Share on other sites More sharing options...
SHERWICK Posted July 20, 2009 Share Posted July 20, 2009 (edited) OK.... Riddle me this... (indulge me)- Rightmove charts asking prices: average £227K (approx) - Nationwide charts sales prices: average £157K (approx) Therefore.... average sale value as a percentage of asking price would appear to be 69% But.... I had in mind this figure was around 90%. Ergo.... There's something funny about these figures. Explanations? (only the realistically priced houses selling, etc?) Mainly (not only) the cheaper (may or may not be realistically priced) houses/flats actually selling. Edited July 20, 2009 by SHERWICK Quote Link to comment Share on other sites More sharing options...
mbga9pgf Posted July 20, 2009 Share Posted July 20, 2009 (edited) Mainly (not only) the cheaper (may or may not be realistically priced) houses/flats actually selling. Look at the nationwide stats. Actually supports it the other way round. http://www.nationwide.co.uk/hpi/historical.htm Q1 2009 N/A N/A N/A N/A 82651 217.9 N/A N/A 83599 306.1 N/A N/A 110389 339.0 130656 302.5 190473 351.9 99977 277.4 N/A N/A 96316 256.9 N/A N/A 109708 321.9 Q2 2009 N/A N/A 98781 387.1 85359 225.1 N/A N/A 89905 329.2 74030 151.5 115341 354.2 132057 305.8 211637 391.0 102956 285.7 N/A N/A 102788 274.2 N/A N/A 116454 341.7 Look at how many N/A are in those figures. I know the Nationwide are weight adjusted, but I wonder what effect this is having on their House Price Index? Edited July 20, 2009 by mbga9pgf Quote Link to comment Share on other sites More sharing options...
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