Wankan Posted November 22, 2005 Share Posted November 22, 2005 "One error does not an explosion make" Anon . Thanks to Needle for this property . An obvious c0ckup http://www.rightmove.co.uk/viewdetails-850...pa_n=1&tr_t=buy £1,349,950 3 bedrooms Terraced Anderson Road, Bearwood, West Midlands Would this appear in the Rightmove figures as a rather good price rise ????? No ????? Quote Link to comment Share on other sites More sharing options...
tonytramcar Posted November 22, 2005 Share Posted November 22, 2005 Are there any more of these "mistakes" about? Could they really skew the figures? Quote Link to comment Share on other sites More sharing options...
Wankan Posted November 22, 2005 Author Share Posted November 22, 2005 Are there any more of these "mistakes" about? Could they really skew the figures? What are the figures ? Quote Link to comment Share on other sites More sharing options...
tonytramcar Posted November 22, 2005 Share Posted November 22, 2005 What are the figures ? I mean the Rightmove statistics that "prove" price rises. (Or am I being over - simplistic ?) Quote Link to comment Share on other sites More sharing options...
verolution Posted November 22, 2005 Share Posted November 22, 2005 (edited) :angry: Edited November 22, 2005 by mescalinemonkey Quote Link to comment Share on other sites More sharing options...
Time to raise the rents. Posted November 22, 2005 Share Posted November 22, 2005 I guess you won't bother mentioning all the places selling in the thousands that get input in the hundreds instead? Quote Link to comment Share on other sites More sharing options...
tonytramcar Posted November 22, 2005 Share Posted November 22, 2005 What about this one, then? http://www.rightmove.co.uk/viewdetails-478...pa_n=1&tr_t=buy Quote Link to comment Share on other sites More sharing options...
tonytramcar Posted November 22, 2005 Share Posted November 22, 2005 I guess you won't bother mentioning all the places selling in the thousands that get input in the hundreds instead? I take your point TTRTR, and I don't think there's much point in scanning Rightmove for examples. My point is, however, how do Rightmove arrive at their statistics, given that these are supposed to be asking prices. Are their figures directly linked to prices that appear on the website ? - if so, and if there are a substantial number of errors, then it follows that their statistics might not be quite right. I don't know if this has been discussed before, sorry if I'm going over old ground! Quote Link to comment Share on other sites More sharing options...
Wankan Posted November 23, 2005 Author Share Posted November 23, 2005 Another one : Guide Price £4,730,000 1 bedroom House Portfolio Sale http://www.rightmove.co.uk/viewdetails-865...pa_n=1&tr_t=buy Quote Link to comment Share on other sites More sharing options...
gone west Posted November 23, 2005 Share Posted November 23, 2005 I guess you won't bother mentioning all the places selling in the thousands that get input in the hundreds instead? No need to. They don't affect the average as much as a mistake in the other direction. Quote Link to comment Share on other sites More sharing options...
miro2021 Posted November 23, 2005 Share Posted November 23, 2005 I guess you won't bother mentioning all the places selling in the thousands that get input in the hundreds instead? You'd have to have 10 getting input wrongly in the hundreds instead of the thousands to make up for each one input wrongly in the thousands instead of the hundreds Quote Link to comment Share on other sites More sharing options...
miro2021 Posted November 23, 2005 Share Posted November 23, 2005 I take your point TTRTR, and I don't think there's much point in scanning Rightmove for examples. My point is, however, how do Rightmove arrive at their statistics, given that these are supposed to be asking prices. Are their figures directly linked to prices that appear on the website ? - if so, and if there are a substantial number of errors, then it follows that their statistics might not be quite right. I don't know if this has been discussed before, sorry if I'm going over old ground! The web pages are data driven, I suppose it's possible the statistics are skewed by mistakes if they are pulling them from the same database the website, which seems feasible since inputing data twice would be a inefficient thing to do. Given that mistakes made one decimal place to the left do not balance out mistakes made one decimal place to the right, if the bad data is included it might affect statistics such as average asking price, making this figure higher than it should be. Quote Link to comment Share on other sites More sharing options...
jaffa Posted November 23, 2005 Share Posted November 23, 2005 Surely these mistakes would have always happened and are therefore negligible? I suppose it will skew the average asking price though... A more sinister side to me thinks that these houses are inputted incorrectly accidentally on purpose... Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted November 23, 2005 Share Posted November 23, 2005 I`ve mailed Rightmove to ask for an explanation, I will not divulge the full reply that would be wrong, but I will pass on the bullet points after the reply. Quote Link to comment Share on other sites More sharing options...
Mr_Sminty Posted November 23, 2005 Share Posted November 23, 2005 I`ve mailed Rightmove to ask for an explanation, I will not divulge the full reply that would be wrong, but I will pass on the bullet points after the reply. I saw a 1 bed flat in Colchester Essex priced at 450,000 or maybe 4.5 million about a month back, or something silly I just assumed an estate agent had put it in incorrectly. I cant imagine they stay in the system too long, but it does make a mockery if the avg price is just an aggregate of all the prices divided by no. etc. not too scientific if Estate agents can put in whatever price they like. Why would a vested interest though not put the price in at the top end rather than what the seller will reasonably expect and thus lead to avg prices falling and create a vicious circle. All a big load of hairy swollocks to guage house prices via an non independent website, but thats journalism it seems! Quote Link to comment Share on other sites More sharing options...
since the beginning Posted November 23, 2005 Share Posted November 23, 2005 Surely these mistakes would have always happened and are therefore negligible? I suppose it will skew the average asking price though... A more sinister side to me thinks that these houses are inputted incorrectly accidentally on purpose... How do we know it is a mistake, maybe the seller is testing the water! Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted November 23, 2005 Share Posted November 23, 2005 How do we know it is a mistake, maybe the seller is testing the water! Get in there! Nice one, put in an offer 3 mil below the asking price Quote Link to comment Share on other sites More sharing options...
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