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

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.

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.

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.

newirishman said:

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.

Click to expand...

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]