2015 House prices ?

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blade7

Original Poster:

8,373 posts

154 months

Tuesday 6th October 2015
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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 ?

Spudler

3,985 posts

134 months

Tuesday 6th October 2015
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With talk of recession and China's woes I'd hang fire for a minute.

BoRED S2upid

14,982 posts

178 months

Tuesday 6th October 2015
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Well they aren't going to go down anytime soon. Crazy that houses are selling so quick with people desperate to buy anything that comes onto the market.

worsy

3,173 posts

113 months

Tuesday 6th October 2015
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I think it depends where you are too. Quality homes marketed at sensible prices seem to be selling well but overpriced dross hangs about.

red_slr

7,848 posts

127 months

Tuesday 6th October 2015
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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.


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Petrol Only

1,476 posts

113 months

Wednesday 7th October 2015
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Nothing lasting more than a week here. Sold boards all over the place! Was looking at moving. Might wait till it's a little harder again.

Edit: I'm in the East Mids

Edited by Petrol Only on Wednesday 7th October 09:21

hornetrider

63,161 posts

143 months

Wednesday 7th October 2015
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Depends where you are I think. It's not a uniform market countrywide.

Equilibrium25

510 posts

72 months

Wednesday 7th October 2015
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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.

Jordan210

1,439 posts

121 months

Wednesday 7th October 2015
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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 !


red_slr

7,848 posts

127 months

Wednesday 7th October 2015
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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.


FrankAbagnale

1,410 posts

50 months

Wednesday 7th October 2015
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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.

ukbabz

769 posts

64 months

Wednesday 7th October 2015
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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.

okgo

28,578 posts

136 months

Wednesday 7th October 2015
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You need to say where you're looking really

Jordan210

1,439 posts

121 months

Wednesday 7th October 2015
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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

ukbabz

769 posts

64 months

Wednesday 7th October 2015
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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)

easytiger123

1,563 posts

147 months

Wednesday 7th October 2015
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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.

FrankAbagnale

1,410 posts

50 months

Wednesday 7th October 2015
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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!


CooperS

3,619 posts

157 months

Wednesday 7th October 2015
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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 !
Couldnt agree more, i've just bought on a new build estate (16 homes in total 3,4 &5 bed houses) and prices stayed static for about 2 months whilst they were finsihing them off only 6 being sold. Then about 3 weeks ago the price dropped to match the market (previously i thought they were overpriced) and within the week all had gone (i was first to jump in). So i couldnt be happier to be where i am on a quiet small estate facing fields on the southdowns.

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

939 posts

177 months

Wednesday 7th October 2015
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I have noticed that since the change in stamp duty...asking prices have increased a fair amount!

KTF

7,932 posts

88 months

Wednesday 7th October 2015
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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.