Nethouseprices

[CrashedOutAndBurned]

We've been scanning this site for all manner of target postcodes and there's the eye-opening, cut price sales. In fact, we're looking at some areas of greater london again, as the differential between there and Watford in terms of asking prices seems 10-15 less than a year or so ago.

Some housing markets of London must be dead in the water.

[Get me out of here!]

Kendal Cumbria,

Jan 2004 65 Sales

Jan 2005 9, yes nine sales

Must admit though, alot of SSTC boards have gone up of-late, however these will probably fall through

[Mark5290]

Just checked my area, Coventry-

Total sales-

2000 - 5497

2001 - 7342

2002 - 8460

2003 - 7474

2004 - 6632

2005 - 118 so far

By Month-

Jan 2001 - 377

Jan 2002 - 436

Jan 2003 - 485

Jan 2004 - 530

Jan 2005 - 118 so far

[Guest Charlie The Tramp]

The whole of the RM postcode

Parts of Barking and Dagenham

The whole of Havering

Grays

Ockendon

Purfleet

Aveley

Total 2004 = 10,564

Total into 2005 so far = 227

[Melmoth the Wanderer]

The figures are not perfect, don't pick every sale up. Did a search on the house we bought in 2001 and sold in 2004 and IT ISNT THERE - but next door's 2004 sale is.

[How long do we have to wait]

Just Looked at my area

Broadstairs Margate

Jan 04 51 Sales 100 sales

Jan 05 21 Sales 29 sales

no matter which way you look at it thats alot less houses being sold

[I Told You So]

Emailed them yesterday asking whether figures are complete for Jan 05 or is it likely more will be added?

Answer received today;

Hi 88888888

Thanks for contacting us about this.

I believe that we now have on site all the full market value residential

transactions registered with Land Registry/Registers of Scotland in

January 2005.

Is there a transaction of this type that you hoped to find that is not yet

there?

Best wishes

8888

Nethouseprices Admin

Oh dear looks like there is a serious problem with the property market

[red]

Emailed them yesterday asking whether figures are complete for Jan 05 or is it likely more will be added?

Answer received today;

Hi 88888888

Thanks for contacting us about this.

I believe that we now have on site all the full market value residential

transactions registered with Land Registry/Registers of Scotland in

January 2005.

Is there a transaction of this type that you hoped to find that is not yet

there?

Best wishes

8888

Nethouseprices Admin

Oh dear looks like there is a serious problem with the property market

<{POST_SNAPBACK}>

I suppose the next thing you're going to say is "I TOLD YOU SO"..

[Dicky]

Emailed them yesterday asking whether figures are complete for Jan 05 or is it likely more will be added?

Answer received today;

Hi 88888888

Thanks for contacting us about this.

I believe that we now have on site all the full market value residential

transactions registered with Land Registry/Registers of Scotland in

January 2005.

Is there a transaction of this type that you hoped to find that is not yet

there?

Best wishes

8888

Nethouseprices Admin

Oh dear looks like there is a serious problem with the property market

<{POST_SNAPBACK}>

How do you view the number transactions on a postcode basis?

[RRP]

This is quite a revelation. Have to ramp this up to the top. I hope this gets pinned

[Warwickshire Lad]

This is quite a revelation. Have to ramp this up to the top.  I hope this gets pinned

<{POST_SNAPBACK}>

Well, that prompted me to go and look at my area in the slightly less posh-end of Warwickshire.

Totals :

2001 - 2137 sales

2002 - 2200 sales

2003 - 2279 sales

2004 - 2057 sales

January 2005 : 55 sales (extrapolates to just 660 over the year).

That's a pretty dramatic slowdown by anyone's standards.

[Grime- skint wouldbe ftb]

Bloomin eck. This could be the big one!

Can't it wait about another 18 months, I need to do some saving first

[gone west]

Well, that prompted me to go and look at my area in the slightly less posh-end of Warwickshire.   

Totals :

2001 - 2137 sales

2002 - 2200 sales

2003 - 2279 sales

2004 - 2057 sales

January 2005 : 55 sales (extrapolates to just 660 over the year).

That's a pretty dramatic slowdown by anyone's standards.

<{POST_SNAPBACK}>

I don't think you can extrapolate a whole year from January's sales. It is traditionally a slow month. Looks like the final year's number will be a lot lower, however. Maybe you should do a seasonal adjustment, like Nationwide does.

2001 - 2137 sales

2002 - 2200 sales

2003 - 2279 sales

2004 - 2057 sales

January 2005 : 55 sales (seasonally adjusted to 5679 over the year).

[FTB]

Blimey, even all the bears doubted the figures as they're so 'bad' !

I still have my doubts they're correct ! But if they say they are, who am I to argue...?

[RRP]

Greenwich SE10 . 35 sales Jan 2004

11 sales Jan 2005

[gone west]

Greenwich SE10 .    35 sales Jan 2004

                             

                              11 sales Jan 2005

<{POST_SNAPBACK}>

That's more like it!

[FTB]

Sales for Jan '05 in my postcode are 33% of what they were in Jan '05.

(South East - Essex)

[Starcrossed]

EX6 (nr Exeter)

January 2004: 17

January 2005: 7

[patprimer74]

I believe that we now have on site all the full market value residential

transactions registered with Land Registry/Registers of Scotland in

January 2005.

<{POST_SNAPBACK}>

Sorry to sound a damp squib but all they're saying is that they are showing all the REGISTERED (repeat, REGISTERED) Jan 2005 transactions. What about all the transactions that are registered late/later? This subject was covered about a month ago and I, for one, concluded that these figures are meaningless for about 2-3 months by which time most of the registrations are in.

p

[BigDipper]

Sales for Jan '05 in my postcode are 33% of what they were in Jan '05.

(South East - Essex)

<{POST_SNAPBACK}>

I did some comparisons of oct 2003 with oct 2004 for IG11. All sales should be reported by now for these dates and found a fall of about 50%.

[OnlyMe]

SN1 - Swindon and areas beginning with SN1x.

Jan 2004 - 337

Jan 2005 - 91

[mongoose]

London E14

Jan 2003 101

Jan 2004 117

Jan 2005 40

And we still get letters from estate agents exhorting the fact that they need more properties on their books because things are 'getting snapped up' - somebodies telling porkies...

Bare in mind that these figures are for completions in January, so are likely to be from Nov/Dec offers. The 'spring bounce' figures will be out in a month or two. They still make great reading

[Freelance Mycophagist]

Surbiton KT5:

Jan04: 33

Jan05: 7

Assume the position...

[FTB]

I did some comparisons of oct 2003 with oct 2004 for IG11. All sales should be reported by now for these dates and found a fall of about 50%.

<{POST_SNAPBACK}>

Just tried October - '04 was 80% of '03 for my postcode in South East.

[Marina]

Sorry to sound a damp squib but all they're saying is that they are showing all the REGISTERED (repeat, REGISTERED) Jan 2005 transactions.  What about all the transactions that are registered late/later?  This subject was covered about a month ago and I, for one, concluded that these figures are meaningless for about 2-3 months by which time most of the registrations are in.

p

<{POST_SNAPBACK}>

When a house sale completes the change of title must be registered at the Land Registry within 28 days or there is some huge problem. You need a solicitor on here to be definite about this.

When a house sale is progressing, that is when problems with the title are sorted out. If there is a problem with the title of a house you are buying, your solicitor will not let you buy it until the problem is sorted. So, house completions that took place in January are now registered at the Land Registry. They aren't floating about in the ether so they can get retrospectively added to January's total.