Update – MyHome Report #9 – Invalidated

Ok we’ve all heard me whine about the lack of time I currently have for IPW Unforunately, I’ve just discovered this has resulted in MyHome Report #9 being inaccurate . Read on for details, but the short version is that only 1/3rd of the automated job ran, so I’ll be re-running the report hopefully.

At the moment I’m just about finding the time to press ‘go’ and post the results, so I didn’t actually read the logs from report #9 (120 drops). What it has shown is that report #9 actually stopped running 1/3rd the way thru the job.

Now if you want to put on your tin-foil hat.. perhaps myhome.ie finally blocked IPW.. but I don’t think that’s what happened. Most likely my broadband connection just went ary in the middle of the night.

I’ll try to find the time over the weekend to re-set & re-run the report (slightly awkward for nerdy reasons I wont go into). If I get around to this, I’ll also try to track price increases, as there’s some anecdotal evidence posted on the property pin that some opportunist vendors are trying to capitalise on the FTB stamp duty removal.

MyHome Report #9 – 17/06/07 – 120 Price Drops Detected

Vendors appear to have the confidence to adopt a wait and see attitude, now that the make-up of the Government has been cleared up and stamp duty for FTBs will be a thing of the past.

120 price drops (the lowest per day level that IPW has so far detected) have been detected on www.myhome.ie over the past two weeks – the report is here.

Large drops include an almost 30% drop in balbriggan, and 20% drops in Brittas & Sligo.

MyHome Report #8 – 04/06/07 – 378 Price Drops Detected

378 price drops were detected on www.myhome.ie over the past fortnight. The report is here.

A builder in cork has apparently been slashing prices on some new builds, it will be interesting to get some reader feedback on whether this is accurate or not. The price of a new 4-bed detatched house at Glounthaune Co. Cork has been cut from €925k to €760k. The original price can still be seen in the development’s brochure.

In the second hand market, some sizable asking price reductions have been detected.

A bungalow in Ballymacoda Cork has seen it’s asking price reduced by almost 29% (130k), the google cache is here.

At the ‘1st time buyer’ end of the market in Dublin, a 3-bed semi-D in Tallaght has reduced it’s asking price by almost 29% (120k), the google cache is here.