Irish Property Watch is moving…

Irish Property Watch is moving to a new server this evening Saturday the 19th April. Please note that any comments posted on this wordpress blog after this time will not appear in the new Irish Property Watch web site.

The new site is accessible through http://www.irishpropertywatch.com

If that website address is still bringing you here ( irishpropertywatch.wordpress.com ), it just means that the glue that holds the internet together hasn’t quite updated for you yet. Try using your browser’s refresh button.

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• 309 have been removed from MyHome or have been marked as Withdrawn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

Analysis Data

As a new addition to IPW we will publish the details of all properties that are still listed on myhome and have dropped the price at least once since we started collecting data.

The location, bedrooms, property type fields are gathered using a process that is still a work in progress so there may be some errors in these fields. We would appreciate all feedback on this.

The data is available in html and excel format

Analysis

Sorry for the delay but I have finally got around to completing the analysis of the 11 previous myhome reports.

Please see the summary statistics

I was also asked in a previous post to include stats for analysis for Swords and Malahide

Swords

109 properties dropped price.

2 dropped the price 3 times

28 dropped the price twice

Initial Listing Value =€45,953,000

Final Listed Value =€43,926,000

Total Drop= 4.4%

Malahide

45 properties dropped the price

3 dropped the price 3 times.

8 dropped the price twice.

Initial Listing Value =€41,336,500

Final Listed Value =€38,448,000

Total Drop= 7%

MyHome Report #11 – 30/07/07 – 814 Price Drops Detected

Reverting to a two-week timeframe (the previous two reports each covered three weeks) 814 drops and 68 increases have been detected on MyHome.ie.

Analysis of MyHome Reports

As a number of properties have dropped the price more than once. We thought we would take a look at the overall drop taking this into account.

We have also added analysis by area, bedrooms and property type.

As this is a work in progress any comments and suggestions would are welcome.

Link

DreadedEstate

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.