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rantnrave

Rightmove Market Trends Updated

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Splat here too (WS13).

7 sold in April :o

27 in March

37 in December

Peak was 137 in Dec 05 (looks like an odd spike)

Lowest ever was 5 in Jan '10. Next lowest was 7 in Jan'09.

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The area we are looking in Street, Somerset BA16

http://www.rightmove.co.uk/house-prices-in-my-area/marketTrendsTotalPropertiesSoldAndAveragePrice.html?searchLocation=ba16

1.5% of listed sold during April down from around 10% average.

Not sure why this area thinks it is so special and expensive because there are no jobs tere except warehouse and checkout assistant positions at Clarkes village. To far to commute to Bristol.

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(...) 7 sold in April :o (...)

(...) 1.5% of listed sold during April down from around 10% average. (...)

Data on sold properties is incomplete, as Rightmove gets it from the Land registry. It takes a few months to be reliable. 3 months?

.

Edited by Tired of Waiting

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Data on sold properties is incomplete, as Rightmove gets it from the Land registry. It takes a few months to be reliable. 3 months?

.

That is true. But I think it gives an indication of what's going on, itrt it is unlikely to increase x times over the intial value.

Certainly for me this is the lowest starting value, err, ever.

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That is true. But I think it gives an indication of what's going on, itrt it is unlikely to increase x times over the intial value.

Certainly for me this is the lowest starting value, err, ever.

No it doesn't give any indication at all. For example for my postcode Febuary showed 4 sold at the time when the data first appeared. It's now 30. As TOW says I think you need to wait at least 3 months before drawing any conclusions from this.

More telling are the properties on the market graphs.

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Looking at the 7 year trend from a technical point of view we have very very low volumes and increasing prices in London SE16, SE1 (in particular), NW1.

If this was the stock market this would be ripe for a large correction.

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No it doesn't give any indication at all. For example for my postcode Febuary showed 4 sold at the time when the data first appeared. It's now 30. As TOW says I think you need to wait at least 3 months before drawing any conclusions from this.

More telling are the properties on the market graphs.

OK I'll take your word for it, although it at least gives you the minimum value it could be. For example you know that if it comes up 30 there are not going to be less than this.

I've tried to compare it with the volumes on houseprices.co.uk without any huge correlation. Maybe the defintiion of areas is different.

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Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11

Detached £161,104 (14) £177,790 (11) £207,175 (8) £200,400 (5) £216,790 (5) £157,500 (4)

Semi

Detached £118,893 (20) £121,130 (20) £119,688 (8) £107,746 (17) £123,545 (11) £104,975 (2)

Terraced £86,733 (15) £102,895 (10) £108,550 (6) £90,889 (9) £103,833 (3) £70,833 (3)

Flat £79,950 (1) £66,833 (3) £132,000 (1) £75,000 (1) £53,250 (2) - (0)

All £120,285 (50) £127,448 (44) £147,748 (23) £116,458 (32) £136,235 (21) £116,938 (9)

the abs is kicking in lol

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Who can find a postcode with no sales? :unsure:

No Sales in the last year yes

E14 5SG right in the heart of Canary Wharf.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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