http://www.myhome.ie/residential/brochu ... 6w/1911543

What am I missing here folks.

Please note firstly that floor area includes a garage that is not attached to the house.

Stripping this out, floor area is 120m roughly.

So I would have put that at €350 per square metre.....maybe.....allowing for a little upside for the garage, and the room to expand. Which would be €420k.

Asking is a good 50% above that.

Given the shortage of property on the market, are asking prices on new listings starting to creap up?

one up the road sold last year at an asking of 650k. Currently being extensively refurbished.
viewtopic.php?f=23&t=36369&p=538312

#38s attached neighbour sold last year at an asking of 635K
viewtopic.php?f=23&t=39652&p=524382

This one (#38) was being hawked around in the last few weeks off market by more than one EA. It supposedly had an offer of 650K on it which would now appear to have been lies.

If this goes for anything beginning with a 6 i will truly despair but unfortunately, will not be surprised..

Seems likely, alright, based on the evidence you presented. I'm stunned. I can't believe we're seeing €400 per square foot - before renovation - as a norm for this neighbourhood. I haven't heard so much as a whisper about dead cats in the past week or two.


The problem is that if they are, it will be a long time before any official stats or even pinster analysis picks it up, because of relatively thin trading, lack of database, localised nature of hotspots that seem to be edging into recovery, and so on. If - and that's a big if - parts of the market are turning - it will be difficult to spot until they've well and truly turned, unless one believes that these areas will behave themselves and just stay nice and level for a few years. Maybe they will stay level, but looking at the indicator of what's happening on the ground on a house-by-house basis, it's hard to call it.

sale agreed
http://www.myhome.ie/1911543

and now apparently back on the market: http://www.myhome.ie/1911543

That was quick! Maybe the buyer woke up the next day and wondered what the hell they were doing?

Anyone know what the bidding level was like on this?

no, other than the supposed pre listing offer of 650K.

based on next door selling at an asking of 635K last year, you would really want to be certifiable to pay any more than 85% of this based on the published 15% price drops over the last year.

This place probably needs 200K spent on it (a similar one up the road is being renovated at the moment - all they left of the original house was the front facade.

I can see plenty of houses going for the same as they were at ths time last year, and a good deal more than what they were going for in Autumn.

Thats based on transaction prices, not asking prices.

Based on what transaction prices?

I know someone who had an offer of 625 on this house and was outbid. very quickly. I was gobsmacked.

viewtopic.php?f=10&t=43930&start=30

Here's one I spotted this morning (read the last few posts).

There's another mentioned yesterday evening at Granite Terrace Inchicore.

Thats two examples in the past 24 hours on the pin.....

I could come up with more, but I'm not trawling through a bunch of old posts just to reinforce the point........

Seems to be something stirring in silchester alright based on that thread. But look at any area in Dublin and you will see still plenty of asking price drops.

Are there different style houses or are they all the same?

thankfully, I'm not on the SCD market - but from what I read on here it could well be a case of supply/demand pumping up prices. Will be ineteresting to see where they are in 2013.

Firstly, asking price drops are not the same as transaction prices.

Secondly.....its always a case of supply/demand pushing up or pushing down prices.....thats all there is to it. Thats how a market works.

Thirdly......please show me any example of a house that is selling for significantly less than its equivalent this time last year.....in the €200k to €600k category....ie Dublin family home. I've shown you two selling for considerably more.

That is correct YB. But in the absence of transaction prices all anyone has to go on is asking prices and anecdotal information.



Correct again YB. But one estate in SCD does not a city wide market make. As has been pointed out before, there have been sales all the way up and all the way down.



well I can't because I cannot show you transaction prices. i can show you loads of dropped asking prices though if you like. And logic would dictate that they aint dropping them if they are getting offers on the original askings.