Analysis – 12 September 2007

Of the 982 properties that dropped their price on MyHome 14, 278 have dropped the price previously.

From the previous analysis 252 that were listed as for Sale are no longer listed on this report – 158 Removed, 80 Sale Agreed, 14 Withdrawn

34 properties that were Sale Agreed or were removed from MyHome have been re-listed as for sale.

Assuming no new properties are listed and properties continue to go Sale Agreed/Withdrawn at the current rate then there is currently 11 months supply on the market.

There are now 4,793 properties that are still for sale and have dropped the price at least once. Total Stating Value of listed properties is EUR 2.2bn. Final value of listed properties is EUR2bn. Total drop is 7.4%

Summary Stats

The data in excel and html format.

As these files are getting very large at a latter stage I will try and post the data by Country or Province to make it more manageable for people.

www.thepropertypin.com – temporarily offline

IPW Readers – see the post below for today’s IrishPropertyWatch report.

A quick note to say that our friends over at http://www.thepropertypin.com are temporarily offline. Their host has pulled their site due to very heavy traffic. Please support them if you are so inclined.

A message from thepropertypin.com’s administrator:
“thepropertypin.com has been pulled by our host due to ongoing over use of shared server resources. We are jsut to busy folks!

I’ve requested 7 day grace period but I don’t expect much.

We hope to have it back soon but it will probably mean a few adds to pay for the higher cost of hosting. Sorry about this please bear with it.

If you feel like supporting us you can buy a few MURRAY “O” Mugs to help pay for the hosting. We get about $5 for each which is approx €3.60 per mug. Its not a lot but every bit helps. Cheers!

http://www.cafepress.com/thepropertypin.163392723”

MyHome Report #14 – 10/09/07 – 982 Price Drops / 63 Price Increases Detected

982 asking price drops & 63 asking price increases have been detected on MyHome.ie over the past two weeks. The number of increases remains steady, while this is a general increase in the average number of asking price drops usually detected over a fortnight.

It was also interesting to see that the Sunday Independent ran with IPW’s most recent Data Analysis & Report. The article is here.

Analysis

Of the 723 properties with price drops in MyHome Report 13, around 200 have reduced the price in a previous report.

There are now 4,347 properties that have reduced the price at least once.

Analysis

• 1 property has dropped its price 5 times.
• 5 properties have dropped their price 4 times.
• 69 properties have dropped their price 3 times.
• 633 properties have dropped their price 2 times.

Some other interesting statistics I have noticed since the previous report (2 weeks ago):

• 3,811 were for sale in both reports.
• 309 have been removed from MyHome or have been marked as Withdrawn
• 113 have gone sale agreed .
• 17 properties that were sale agreed have been relisted as for sale.

I have also included a list of all properties in excel and html format. As a word of warning these files are quite large, 5.2MB for the html version and 3.3MB for the excel file