2015 House prices ?
Discussion
Looking to make the next move and have registered with all the local estate agents, was speaking to one guy that has been an EA for 30 years that seemed genuine, he said he's never seen a market like this where houses sell almost immediately at asking price. Plenty of cash buyers too apparently. Will prices probably keep rising or stall over winter ?
Houses on our estate are selling within a week I would say.
That's only been a recent thing, last year I would say the average was 3-4 months. Some houses more like 6-9 months.
I also think prices are firmed up, 5-10% increase in the last 12 months. And also the crappy houses are selling just as fast as the nice ones.
That's only been a recent thing, last year I would say the average was 3-4 months. Some houses more like 6-9 months.
I also think prices are firmed up, 5-10% increase in the last 12 months. And also the crappy houses are selling just as fast as the nice ones.
blade7 said:
Looking to make the next move and have registered with all the local estate agents, was speaking to one guy that has been an EA for 30 years that seemed genuine, he said he's never seen a market like this where houses sell almost immediately at asking price. Plenty of cash buyers too apparently. Will prices probably keep rising or stall over winter ?
Depends on where you are, but here in Bristol that rings true. I have been closely watching the market for 18-24 months, houses at the price bracket that interests me are moving faster than ever, at higher prices than ever. Houses I have viewed have sold for close-to-asking or exactly asking price within days of hitting the market. There is the odd difficult property that sticks on the market for 2-3 weeks, when that happens it usually becomes months. The general rule is a quick move to SSTC though.
That's my amateur view, but based on a lot of time watching the market. The EAs say exactly what yours told you as well, so the professional opinion matches.
worsy said:
I think it depends where you are too. Quality homes marketed at sensible prices seem to be selling well but overpriced dross hangs about.
Exactly. Some of the homes I get sent for agents have no chance in hell at selling for the asking price and just stick around and when the press says house prices have gone up. They put the price up even more !I am in Manchester and the specific area I am in has been traditionally cheap and not that desirable.
Defo seen prices ramp up this year and we decided to move now before prices overtake what we can afford.
We were always comfortable round here because our budget would buy you a really nice place.
Its been pretty static for the last 5 years I would say so we were looking but in no rush to move. This year we noticed the nicer stuff was starting to move out of our price range and selling very quickly.
So we went for it and bought a new place that should last us till we retire (had to view and make an offer on the day it was advertised to get it!). Although the market has its ups and downs over the long term prices only ever go up and we have been in this lull for probably 10 years in my area so although it could still go down the chances are it will go up quite significantly over the next 10 years. IMHO.
Defo seen prices ramp up this year and we decided to move now before prices overtake what we can afford.
We were always comfortable round here because our budget would buy you a really nice place.
Its been pretty static for the last 5 years I would say so we were looking but in no rush to move. This year we noticed the nicer stuff was starting to move out of our price range and selling very quickly.
So we went for it and bought a new place that should last us till we retire (had to view and make an offer on the day it was advertised to get it!). Although the market has its ups and downs over the long term prices only ever go up and we have been in this lull for probably 10 years in my area so although it could still go down the chances are it will go up quite significantly over the next 10 years. IMHO.
blade7 said:
Looking to make the next move and have registered with all the local estate agents, was speaking to one guy that has been an EA for 30 years that seemed genuine, he said he's never seen a market like this where houses sell almost immediately at asking price. Plenty of cash buyers too apparently. Will prices probably keep rising or stall over winter ?
IMO the market is telling very different stories across different price brackets and locations.Where I am, terraces circa £400-550k have seen some incredible price rises recently and it seems people are still there to fuel the fire. The market above £1.5m is completely different - almost the opposite.
I'm in the process of buying our first home at the moment. We spent a couple of months going around properties and finding them sold stc within a week of going on the market.
That was around Newbury. In the end we've purchased a property 15miles down the road in a semi rural place and the market there was a bit slower but still not hanging around.
That was around Newbury. In the end we've purchased a property 15miles down the road in a semi rural place and the market there was a bit slower but still not hanging around.
ukbabz said:
I'm in the process of buying our first home at the moment. We spent a couple of months going around properties and finding them sold stc within a week of going on the market.
That was around Newbury. In the end we've purchased a property 15miles down the road in a semi rural place and the market there was a bit slower but still not hanging around.
Im looking around Newbury/Andover way the market is crazy atm. I was told 330k for a 700 square foot 2 bed new build near Newbury That was around Newbury. In the end we've purchased a property 15miles down the road in a semi rural place and the market there was a bit slower but still not hanging around.
Jordan210 said:
Im looking around Newbury/Andover way the market is crazy atm. I was told 330k for a 700 square foot 2 bed new build near Newbury
Yeah, we gave up with Newbury as an area. Any half decent property was massively overpriced or in one of the parts of town we were told to avoid. We're buying a 4 bed end of terrace between Didcot and Wantage for just under £300k (~1200sq. ft).There seemed to be a few more reasonably priced houses to the South of Newbury though (not so good for work for my other half and I)
okgo said:
You need to say where you're looking really
Exactly. Where and also what price level. In London very little seems to be shifting once you get above a certain price. Still a lot of stuff that's way overpriced and has been on the market for months and even years, because the sellers are waiting for some mythical foreign buyer with more money than sense. The overpriced objection is an interesting one. The feedback on a lot of my viewings is "it's overpriced."
Shortly after, the property sells for asking price.
So, the property isn't overpriced. Either the buyer is wrong and doesn't understand values or they (as an individual) aren't willing to pay the price.
Pretty irrelevant to the overall thread so i'll shut up!
Shortly after, the property sells for asking price.
So, the property isn't overpriced. Either the buyer is wrong and doesn't understand values or they (as an individual) aren't willing to pay the price.
Pretty irrelevant to the overall thread so i'll shut up!
Jordan210 said:
worsy said:
I think it depends where you are too. Quality homes marketed at sensible prices seem to be selling well but overpriced dross hangs about.
Exactly. Some of the homes I get sent for agents have no chance in hell at selling for the asking price and just stick around and when the press says house prices have gone up. They put the price up even more !Alot is about location i'm sure if i bought in surrey (i'm in Hampshire about 25 miles away from the borders of surrey) i couldnt of waited like i did as there would be someone out there (alot of investors buying in the Farnham / Guildford area) who'd of snaped them up and put them out to rent.
lambysdad said:
I have noticed that since the change in stamp duty...asking prices have increased a fair amount!
Yes, removing the glass celing(s) - certainly the 250k one - has made everything around here that was hitting it, float up to the 280 - 290 mark now and they sell within days.Gassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff