Track property price changes with MyHome.ie

Track property price changes with MyHome.ie

We have been promised a ‘property database’ for several years now and the latest news always seems to be that it is being set further into the future! Of course, it won’t tell you much about the live prices on the market, just the past closing prices. For prospective buyers, knowing whether or not the price has changed on a property you are looking at is a helpful addition to your property toolbox.

It can help you determine whether the seller is realistic, if they are aggressively looking to sell (lots of price drops indicate that), and of course, it helps when looking at comparable properties in an area – to see if they are changing asking price at the same rate.

There are some sites that have tried to track this but it can be hard to go back and forth between them so the folks at MyHome.ie decided they would build it into the site, a great idea if I do say so myself! There is one page that tracks the latest price drops, and you’ll also find price changes whenever you search for a property near the bottom of the page.

I did a search for ‘South Dublin’ and the first house that came up was in Rathfarnham. In this case (as of writing) the price hasn’t changed, but it shows prices that have in the same area – for instance number 50 on the same street has dropped four times in price in the last year.

Tell us what you think about the new feature? 

[poll id=”52″] [poll id=”53″] [poll id=”54″]

And last of all, are there any features we could build into MyHome.ie that might make it better or more useful for you? If so leave a comment with your idea, we’ll do a draw for you and the winner will get a copy of the new ‘Irish Property Buyer’ book which tells you everything you need to know about buying property from an insider’s perspective! The 2011 version sold so well it is being re-released and updated for 2012 (disclosure: I wrote the chapter on mortgages).

We’d love to see a few links to properties that you thought were decent value before where the price has dropped even further, or where it hasn’t – and some are going up, mainly 3 bed semi-detached within cities.

In a few posts of late I have noticed that some of the comments are from people who want to rent long term, did you know that MyHome has a rental property site too?

@karldeeter

Irish Mortgage Brokers

There are 18 comments for this article
  1. Alan at 8:26 am

    Great tool, I wish that I could put it on my website in near future.

  2. Paula Kelly at 7:51 pm

    Karl, I think your new features are spot-on! For myself, I am now watching a select few properties and would like an email alert if an offer is in the process of being made on what I’ve saved in my property alerts folder. Also an alert as to that particular property’s price changes when they happen (either up or down). Thanks so much for such a great site in general–just booked a vacation rental for November (using the information on your site for this) in Ireland so that I can look at my favorite properties first-hand!

  3. Jane at 5:28 pm

    I live in the US where Agents sell everyone elses listings on a MLS system. They have it in the UK too. It is crazy that Real Estate Agents in Ireland still only want to show you their own listings. It makes it a lot harder work for the prospective buyer and seller to reach a wider audience. Will this ever change? Also, can you recommend a reputable agency in the Dublin 4/6 area that will search for a property on your behalf and charge some sort of fee?
    Thanks

  4. Brenda at 3:47 pm

    I am returning from the UK and not being able to track sold prices has been a real pain as there are several ways of seeing this data over here, so well done.

    As I will initially rent it would be really helpful when searching rental property if I could select unfurnished only????

  5. elizabeth berkery-farrell at 3:35 pm

    I wish to buy a pent house apt or house with views of and near the Sea in south dublin

  6. Dennis at 2:09 pm

    I’d agree with many of the points stated above especially regarding Apartment management fees, As a wheelchair user it would be great to know if the property is reasonably accessible, steps at main entrance being most important issue, (cant always tell from the pictures available) Floor layout should be available more often too as is useful to judge if could make bathroom slightly bigger for easier access in my case, thanks

  7. oliver dempsey at 1:27 pm

    Well done guys, this is a really innovative idea and something that will give you an edge on the competition.

    Keep up the good work!

    Oliver

  8. Damien at 1:08 pm

    I would like to know the square footage of a property. It is not enough to know it is a 3-bed semi. Tell me exactly how big it is.

    Also, don’t just give us photos of the outside of the house and the garden. I’ve noticed with quite a few properties that there are no decent photos of the inside of the house.

  9. Karl Deeter Author at 1:06 pm

    @Paddy good points, in particular regarding management fees, I don’t think that it is required to advertise them – but it would be good practice if they were included.

    Regarding non-use of adjectives, you’d leave people with nothing to say! They still need to sell property (it is their job). The lack of pictures is also a general bugbear with lots of people (myself included), I often think that it might mean the place is wreaked – but on recent viewings have found that this isn’t always the case, and certainly not in the places I have visited.

    @Brendan I don’t know, we still don’t have the central database up and running yet so I’d imagine a few years down the road at the earliest.

    @Jorge IrishPropertyWatch was a great site, and in full agreement about the transparency. Eventually it may be that when the main database is formed that it will be able to feed out information so sites like this one can factor in some of those details too.

  10. Jorge at 12:54 pm

    The tool is great, especially after irishpropertywatch went offline. I agree with Paddy re transparency. Make pictures bigger and allow site users to flag abuses (i.e: distortions, stretching). The higher the accuracy and quality, the more users will trust and use the site.

    Alan’s point is also very relevant. Provide a decision-support tool, that allows buyers to select their most important criteria (location, garden, size, etc.) and then rate each property after viewing. This is very helpful for couples making shared decisions.

    Keep up the innovation..

  11. Brendan at 12:20 pm

    When are we going to get something like streeteasy.com with all the data in one place?

  12. Paddy at 11:29 am

    Good work Karl, to restore market confidence we need transparency.

    Another area for improvement is the information contained in property ads.
    • No BER is provided
    • Often no floor or site plan
    • Often missing are floor area, utility area, land area
    • Age of property
    • Levy applicable to apartments is rarely mentioned
    • No picture of rear of house
    • Bathrooms pictures often missing
    • Ban distorted pictures which exaggerate room dimensions
    • Ban all adjectives i.e. large, spacious. Use dimensions.

  13. Karl Deeter Author at 11:25 am

    @Alan good idea, I regularly view properties and if I was storing them would love to be able to keep notes, or even other details about them. Will definitely pass that on.

  14. John at 11:18 am

    It would be really helpful to have the property brochure available as a PDF download. Some estate agents do this but most don’t and it is great to be able to print a larger and clearer version

  15. Lorna O’Brien at 11:01 am

    I would like to select an area, select a distance from that place, and get a list of properties within that radius. Searching by county is awkward if looking for a property that is say within commuting distance or near a particular school. County boundaries have no real relevance.

    • jamesrogers at 11:04 am

      Lorna, if you have an iPhone, iPad or Android device we currently have a ‘Near Me’ function on it which shows you properties for sale/to rent near you. We will take your comments on board however for the site. Thank you.

    • jamesrogers at 11:17 am

      Meant to say, we also have a search by map feature which allows you to choose a locality and browse the properties in and around the area you are searching for: http://maps.myhome.ie/

  16. Alan Martin at 10:00 am

    One feature I would find very useful would to be able to add personal comments and notes to properties I’ve saved as “Favourite Properties”. Currently I print the page and handwrite my notes.