How to find out what was the top price of a house in the boom

[Jeni4ka]

Hi All,

We are currently looking for a house and some of the ones we looked at seem unrealistically priced. I was wondering is there a way to check house prices in the boom for certain areas, subtract 55-60% to get near current price?

Thanks in advance for any responses.

 

[newirishman]

Pay what you think the house is worth to you, and compare prices for similar houses not only in the area, but also other cities / countries.

Boom (asking) prices where just made-up fairy tales, hence does not mean anything what someone was asking for a house 4,5,6 years ago.

EDIT: There's some web site that are tracking prices over the last years, check [broken link removed] or http://www.thepropertypin.com - you might find the house there.

 

[vandriver]

Best you can do in the absence of a national house price register is to google the address with say 2006 in the search term and see if that throws up any auction results.

 

[Knuttell]

Pay what you think the house is worth to you, and compare prices for similar houses not only in the area, but also other cities / countries.

Boom (asking) prices where just made-up fairy tales, hence does not mean anything what someone was asking for a house 4,5,6 years ago.

They may have been crazy prices but they do serve a purpose,they give a purchaser the chance to see if they are 50-60% off asking in 2006,advising to check what other houses in the area are going for would not be wise,there is a group delusion at work in certain areas where EAs/Sellers advertise the house at significantly more than its real value.

Indeed finding out what a similar property sold for in 2006-7 is probably the only way to determine the value of it in 2012,pretty sad isn't it.

Try this site...

[broken link removed]