Democorruptcy Posted August 17, 2016 Share Posted August 17, 2016 I don't have property bee installed so I don't know the exact figures but rightmove status shows 'reduced Today', 'reduced Yesterday', 'reduced <date>'. Some of them going Under Offer and then delisted for a new reduced price. I used following search criteria: 1. Post Codes along cross rail SL1(Slough and neighbouring, SL3(Langley and Colnbrook possibly Datchet) SL6(Maidenhead+surroundings and Taplow) RG1 and RG6(fringes) 2. Minimum bedrooms 2 3. Houses only, not flats 4. Maximum Price £400K, anything above that is not of FTB interest. Even this assumes a household income of £80K and 10% deposit of £40K. Here are some links - 1. SL1 : http://www.rightmove.co.uk/property-for-sale/property-57186020.html http://www.rightmove.co.uk/property-for-sale/property-58469144.html 2. SL3 http://www.rightmove.co.uk/property-for-sale/property-53436178.html I looked at the previous sold prices but quickly gave up. The two of those three that had a previous sold price are 100% since 2007 and 50% up since 2012. Quote Link to comment Share on other sites More sharing options...
Fairyland Posted August 17, 2016 Share Posted August 17, 2016 (edited) I looked at the previous sold prices but quickly gave up. The two of those three that had a previous sold price are 100% since 2007 and 50% up since 2012. To be fair these postcodes started warming up to HTB since summer 2014. Also, they may not have had significant falls after 2007. 2013 prices may be a good reference point to begin with.They probably peaked around Feb/March 2016. Edited August 17, 2016 by Fairyland Quote Link to comment Share on other sites More sharing options...
spunko2010 Posted August 17, 2016 Share Posted August 17, 2016 Mobile browsers don't support plugins except Firefox but they only have like 0.5pc of the market on mobile. An app wouldn't work either unless you incorporate a browser into it. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 18, 2016 Author Share Posted August 18, 2016 (edited) I had a look though all the RM listings for Northants/West mids now that PB is working again. ( above about 300 K ) First thing to notice is the prices are insane ( as usual ). It's 2007+50% on average now. I get the feeling the market is softening now. Lots of desperate looking sellers. A few that have been up for a year+ already. Stuff that would have sold for half the amount 3 years ago listed. Lots of 10/20K drops and a few sales falling thpugh now. The occasional BIG drop. Thing I noticed most of all was it looks like there are no end of properties for sale now, all dross, but more than i was seeing last year. Supply up...Demand none. Edited August 18, 2016 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 18, 2016 Author Share Posted August 18, 2016 I had a look round Tunbridge Wells too. No end of rubbish up for sale. LOTS of 10% drops as reported previously Quote Link to comment Share on other sites More sharing options...
spunko2010 Posted August 18, 2016 Share Posted August 18, 2016 (edited) Tunbridge Wells is probably the most overrated town in the UK. 90% of it is undesirable, the 'nice' 10% parts in the middle are fine if you don't mind queuing in traffic whenever you want to leave your house. I've never understood its appeal - Sevenoaks is much nicer (and just as expensive) Edited August 18, 2016 by spunko2010 Quote Link to comment Share on other sites More sharing options...
Guest Posted August 22, 2016 Share Posted August 22, 2016 I'm seeing a steady supply of new 3 bed houses hitting the market in my search area. Lots of new listings getting reduced within a few weeks or even days. This looks like people who need to sell, rather than the usual kite fliers. Interestingly too I'm seeing almost identical properties priced at £200k and £290k... The kite fliers will either need to drop their price or give up. Quote Link to comment Share on other sites More sharing options...
Conquistador Posted August 23, 2016 Share Posted August 23, 2016 Updated including last week (Exeter price range £300-650K, weekly new listings/new reductions): 23/5: 6/3 30/5: 6/3 6/6: 12/1 13/6: 10/2 20/6: 5/2 --brexit vote-- 27/6: 21/7 4/7: 15/6 11/7: 14/4 18/7: 10/8 25/7: 10/4 1/8: 13/4 8/8: 10/3 15/8: 9/5 Quote Link to comment Share on other sites More sharing options...
spunko2010 Posted August 23, 2016 Share Posted August 23, 2016 Definitely seeing drops here too after only a few days in some cases. Can't find the link but one dropped after 5 days on the market - presumably no interest at all... bit of a shock to the vendor I suspect! Here's another one (higher end) http://www.rightmove.co.uk/property-for-sale/property-42496956.html Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 23, 2016 Author Share Posted August 23, 2016 Definitely seeing drops here too after only a few days in some cases. Can't find the link but one dropped after 5 days on the market - presumably no interest at all... bit of a shock to the vendor I suspect! Here's another one (higher end) http://www.rightmove.co.uk/property-for-sale/property-42496956.html Odd, my inlaws told me at the weekend their friends had to take their BIG house off the market after 6 months and 0 viewings. They blamed HS2. I said nowt. Quote Link to comment Share on other sites More sharing options...
Guest Posted August 23, 2016 Share Posted August 23, 2016 Odd, my inlaws told me at the weekend their friends had to take their BIG house off the market after 6 months and 0 viewings. They blamed HS2. I said nowt. Indeed... If people won't pay my asking price (which is the true value, set in stone, like it or lump it).... Then they're either poor or stupid or both. I'd rather stay put than let an ignorant chav live in my mock Tudor forever home. Their loss not mine. Quote Link to comment Share on other sites More sharing options...
btd1981 Posted August 23, 2016 Share Posted August 23, 2016 Literally zero viewings? You'd think they'd get the message Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 23, 2016 Author Share Posted August 23, 2016 Literally zero viewings? You'd think they'd get the message It seems not. Also, a house my wife and I viewed, been up for sale for 2 years now, fell through a week ago after being "SOLD" for 6 months. All anecdotal. All true. The insane prices are causing the bubble to eat itself, unless you are supported by the London mega bubble of course. Quote Link to comment Share on other sites More sharing options...
MississippiJohnHurt Posted August 23, 2016 Share Posted August 23, 2016 I search in an area supported by the london megabubble - east london borders, epping/loughton kind of area. Prime area for Zone 1/2 madgainz emigration I sometimes have a look at sold stc vs total stock as a rough guide for how hot the market is. I use the same postcode with similar parameters, just varying the min and max price to look at different segments. My most common search is 3 bed up to 400k. In 2008-10 it was usually about 20-25% of stock sold stc. 2010-12 ot went up taround 35% on average. Then over last couple of years it rocketed and was often 60-70%. Lately this has fallen rapidly and is now 35% again, falling each time ive looked (3 or 4 times in 6 mths). As prices have got so expensive here, volumes in the search category have fallen. So i started another search, cm16 postcode, 3 bed and over, 500-800k. This has mich higher volumes - usually 100 plus. It was also averaging 60% plus 2013-2015 and has now fallen sharply, 25% today on total volume 128 properties. Hardly science but gives some insight into supply vs demand and direction of travel in an area that was sent truly mental by the disgusting 2013-2015 echo boom Quote Link to comment Share on other sites More sharing options...
Guest Posted September 5, 2016 Share Posted September 5, 2016 5 new reductions in my search area today (151 properties total). Every little helps. Quote Link to comment Share on other sites More sharing options...
wherebee Posted September 5, 2016 Share Posted September 5, 2016 It seems not. Also, a house my wife and I viewed, been up for sale for 2 years now, fell through a week ago after being "SOLD" for 6 months. All anecdotal. All true. The insane prices are causing the bubble to eat itself, unless you are supported by the London mega bubble of course. the two properties in Sussex I am watching are unsold, non STC, for five months now. bubbletastic. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 5, 2016 Author Share Posted September 5, 2016 the two properties in Sussex I am watching are unsold, non STC, for five months now. bubbletastic. I watched some properties sit unsold for 2,3,4,5 years after 2007. The same properties woul;d not be priced at 2007+20%. Not sure who's going to buy them now... Quote Link to comment Share on other sites More sharing options...
spunko2010 Posted September 5, 2016 Share Posted September 5, 2016 5 new reductions in my search area today (151 properties total). Every little helps. Are you sure there aren't more stealth relists? I'm seeing loads of relists, seems to be the thing now, if you can't sell it stick it on with another agent, just whatever you do DON'T reduce the price. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 5, 2016 Author Share Posted September 5, 2016 Are you sure there aren't more stealth relists? I'm seeing loads of relists, seems to be the thing now, if you can't sell it stick it on with another agent, just whatever you do DON'T reduce the price. Wasnt that made illegal ? Quote Link to comment Share on other sites More sharing options...
spunko2010 Posted September 5, 2016 Share Posted September 5, 2016 Yes but when I rang 999 to report it they told me that wasting police time is a criminal offence Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 5, 2016 Author Share Posted September 5, 2016 Yes but when I rang 999 to report it they told me that wasting police time is a criminal offence Is the police turning a blind eye to crime, not aiding and abetting criminals ? Quote Link to comment Share on other sites More sharing options...
Si1 Posted September 5, 2016 Share Posted September 5, 2016 Is the police turning a blind eye to crime, not aiding and abetting criminals ? Some of those sellers may be coppers, you never know Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 9, 2016 Author Share Posted September 9, 2016 Just seen a house similar to one I viewed in Northampton in Sept 2007 when the asking price was £320K Eventually sold for £290k.. Just listed for £490K The lunacy is there for all to see Quote Link to comment Share on other sites More sharing options...
spunko2010 Posted September 9, 2016 Share Posted September 9, 2016 Just checked Rightmove today, first page is full of relists that were previously Under Offer / SSTC: http://www.rightmove.co.uk/property-for-sale/property-43486596.html http://www.rightmove.co.uk/property-for-sale/property-40135575.html http://www.rightmove.co.uk/property-for-sale/property-61777844.html etc Quote Link to comment Share on other sites More sharing options...
spunko2010 Posted September 9, 2016 Share Posted September 9, 2016 (edited) Also, does anyone know WTF this is. http://www.rightmove.co.uk/property-for-sale/property-61794650.html Art Deco is one thing, but that's an eyesore. The last photo says 'receivers' I wonder what the backstory is. Edit: Okay, I win the prize of finding the biggest drop this week. http://www.wowhaus.co.uk/2013/10/28/on-the-market-1930s-grade-ii-listed-the-lime-works-six-bedroom-house-in-norton-kent/ From £3.75m to £0.75m in 3 years. Edited September 9, 2016 by spunko2010 Quote Link to comment Share on other sites More sharing options...
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