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Asking prices static as spring market loses momentum     Bargain hunters snap up cheap properties at auction     Property fraudster is jailed after fleecing his own mother     Rightmove defends the way it calculates market share     Agent hits out at Digital answering service    

Rightmove users spend an hour on site each month

 

Monday 13th June 2011

People are spending longer than ever on property websites.

In the case of Rightmove, the average user is spending close to an hour on site per month.

The statistics do not show whether the visitors are active home-buyers or potential sellers, or simply the ‘property porn’ market – people interested in their local property markets.

All the same, they present an interesting picture of the behaviour patterns of today’s consumers

The statistics emerge from comScore, an independent auditor of traffic to websites.

Viewing figures were measured during April and show levels of consumer engagement with the UK’s top four property websites.

comScore found that the average unique visitor spent 53 minutes engaging with the Rightmove website and 21 minutes on FindaProperty. PrimeLocation ranked third with 16 minutes, while consumers spent just four minutes on Zoopla.

comScore measured that, collectively, UK Rightmove visits spend over five million hours on the site each month.

According to Rightmove, traffic so far in June has hit a near record.

Last Monday, June 6, was the second busiest day for traffic the website has ever recorded with over 30.8m pages served on site.

Rightmove’s record day was on February 21, 2011, when 32.7m pages were served.





Do you have a lettings business to sell?



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(34) Comments | Report Abuse

Added by junglie on 2011-06-14 20:58:11

No wonder it takes that long to find the damn place on streetview and then go and check the sold prices to see if it's reasonably priced. Why oh why can't the full address be put in the details.
Added by James on 2011-06-14 16:03:10

N-I-W

Don't become a prat like some others

7 sales today, 10 for the week so far, not in London, just work hard at getting prices right and only deal with motivated vendors and genuine buyers

There are too many HPC prats out there.

People who want homes, not short term investments can still find them in good areas, at 10% to 15% off the peak prices.

Repo's are selling for far less but usually in inner town centre areas, not the best suburbs with good schools.

The garden is not rosy but has not yet collapsed to satisfy the doom mongers - it may collapse - but has not yet
Added by Jay on 2011-06-14 15:26:07

An issue that should be considered about the RICS report is the profile of a ‘typical RICS surveyor’ in comparison to a ‘volume’ EA business – RICS EA’s normally differ in a number of ways, typically the have a substantial and long established property management book, they are also commercial agents and of course surveyors and almost invariably ‘upper market’ in their particular area of operation and are not normally very aggressive in their marketing and promotional activities but work off an established and trusted name.

The combination of these differences means they are not a reflection of the EA industry overall where such volume of sales is considered pitifully low and around 15 to 20 sales per month is more common.
Added by Will Hicks on 2011-06-14 14:40:17

PeeBee,

Wrong again. Looking to purchase a family home, but not at inflated prices we're still seeing.

I totally agree that BTLs, holiday lets & the worst offender [in London at any rate] offshore/foreign investors should all be taxed out of the market. However to say that EAs weren't responsible for the previous [yes, it's peaked never to return] bubble is, frankly, completely laughable.
Added by non-insulated-wall on 2011-06-14 14:18:52

James. I'm very happy for you. You must be one of those high-flying London agents...or maybe...one of those lia....you know...ppl who doesn't tell the truth.
Added by wardy on 2011-06-14 13:22:34

yep, sorry to dispoint non-insulated-wall, a wee bit more than 0.4 properties.
Want a job?
Added by James on 2011-06-14 13:10:47

Well boys and girls - I have agreed 7 sales this morning from viewings made over the weekend

Who says agents can only sell one per week????
Added by PeeBee on 2011-06-14 13:02:42

Jonnie - you seem to 'speak' from experience. Thank the Lord - I thought that I'd had the only known "house pervert" in living history, back in the day.

Takes all sorts, I suppose...
Added by Lou on 2011-06-14 12:52:10

Hello. Prospective punter here. I spend a lot of time on RM looking for our next family home. For Will - you'll be pleased to know that PropertyBee is gradually becoming more widely used, as is Zoopla (ignore 'valuations' to extent, but they now have previous listings which makes for interesting reading) and LR sold prices websites. All people in similar position I know use this information which is useful in seeing just how ridiculous asking prices have become - is all about gauging the local market and identifying vendors who wish to sell as opposed to those who wish for someone to single-handedly fund their retirements/grandchildren's Trust Funds.
Such sites are regularly touted on Mumsnet and other forums.
Is great to be able to get as much info as possible to make an informed decision about what to buy, level of offer, or not to bother (am in latter stages, sadly).
Added by non-insulated-wall on 2011-06-14 12:42:51

who are you then pb? a desperate vendor?
Added by non-insulated-wall on 2011-06-14 12:39:10

jonnie's definetely in the wrong job..should be a fiction writer..or just simply join a youth gang and insult ppl on the street
Added by PeeBee on 2011-06-14 12:36:52

Non-insulated Wall: You seem to be under the impression I am an Estate Agent. Wrong! NEVER ASSUME! Seems the uninsulated space in your cavity matches that between your ears...

Will Hicks: WHY, if the market is so cr@p and getting cr@pper by the minute as you would have us believe, AND you are so happy with your gold investments, do you give a rats' a$$ in the first place? Come on - admit it. You are a hobby investor who simply wants to be in on the kill you hope to engineer. You will take advantage of cheapo prices in order to make money out of those who you now associate with, feigning support. You will then buy at £50k in the hope of selling to some GENUINE FTB at a hundred.

Tax you all out of the market, I say. It doesn't need you - as YOU and your ilk are the cause of the bubbles and bursts of the housing market - certainly not Agents as you would have others believe.
Added by AceofSpades on 2011-06-14 12:11:03

Haha Jonnie! Brilliant!
Added by Will Hicks on 2011-06-14 12:10:40

Jonnie,

It's nice to see the gallows humour is live & kicking in your
neck of the woods, but it does rather illustrate you have too much time on your hands.

PeeBee, I have read the report [as I do every month], and I have to say it's looking grim, even without the tired excuses. Come off it, do you really think that German wedding in April slowed down the market. Time to face the facts me thinks ...
"The average number of properties on surveyors’
books rose from 66 to 71.3, the highest level
since December 2008. "

"Price expectations declined over the month,
with the net balance falling from -18 to -27."

Oh yeah, DLG figures out today too. SOLD prices DOWN 1.1% Month on Month. If it wasn't for the offshore funny money flowing into London, that average DROP would be a lot worse matey chums.

Go on, keep your heads in the sand, the best case scenario is you're bought out for a tenner by a chain.


Added by non-insulated-wall on 2011-06-14 12:05:21

surely eas have plenty of time to analyze people's lives..instead of selling proprties..jonnie,pb,wardy - have you sold your 0.4 property this week yet?

Mr Will Hicks
thank you very much for http://www.property-bee.com/ I've just found out the fact that most eas are indeed liars.
Respect mate.

Added by Jonie on 2011-06-14 11:50:20

Dozytool,

I don’t know why that lot you or Will Hicks (WH) talked to made it so hard for themselves so here’s how it would go with one of my guys.

…………Ring, ring…..

EA – Good morning, Jonnie & Co

WH – zzzzzruuup (zip being undone) Ahem, yes hello you have a house on so and so road for sale

EA – Yes sir, what can I tell you about it?

WH – Well, id like to, oooh, erm, know how long its been for sale?

EA – I first came to the market over 6 months ago and a sale has just fallen through as the chain is now incomplete

WH - …oh, god, no really? Thats wonder……ful……can you just hang on a moment?

EA – Are you okay sir?

WH – Oh yes my dear, very much so

EA – Would you like me to email you the brochure now and I can talk through the accommodation with you and if you like it arrange a viewing.

WH – Ahhhhh………..good, lord….

EA – Sir are you okay??

WH – Phnar….(wimper, gasp) – Well what did it COME on at?

EA - £299,950 sir

WH- Ppppp…property bee says that….

EA – Yes sir, and you will also know that the owner has just reduced it as they are motivated to move (reasons omitted, normal stuff though here) and we have 4 viewings this weekend but naturally I would be happy to meet you there with your wife and show you round

WH – Erm, I don’t have a wife………but ha ,ha – you’ll never sell it!! And I don’t even want it and im glad the sale fell through…………(IN BACKGROUND) ‘Will, Will, ive got your washing……WILL! what the hell are you doing up here? – Mum, erm, no, get out of my room!!

EA – Hello?

WH - ………………………………………call finishes, as does Will.

Jonnie


Added by wardy on 2011-06-14 11:28:52

maybe hes realised its cheaper than an a 0845 sex line
Added by Dozytool on 2011-06-14 11:16:26

It is a bit wierd that Will Hicks apparently pleasures himself whilst speaking to EA's but you are a funny crowd.

I had a similar (but genuine) experience at the weekend:

Me: So how long has it been on the market?
EA: Well, the thing is, it was on but getting no offers so got taken off and decorated.
Me: Oh right, so how long has it been on?
EA: It had this red carpet..............
Me: How long?
EA: People were viewing but couldn't get past the decor
Me: How long?
EA: Not that long

It was getting embarrassing so I gave up.

The answer, I discovered later, was over a year. Why not just say it? It just sounds shifty otherwise.
Added by PeeBee on 2011-06-14 11:09:04

Will Hicks: "...yet again dragging the comments section into something most intelligent people left behind in the school yard." Nah, mate - YOU took the prestigious title of "EATs Most Arrogant and Devoid-of-Humanity Poster" months ago!

A title which you clearly enjoy holding, may I add. Just because you've had a couple of mellow days doesn't change the spots on this particular leopard, Mr Hicks...

"The number of homes coming on to the market has surged but the number that are selling has fallen, according to the Royal Institution of Chartered Surveyors" Yeah - so what? It happens all the time; then the trend reverses. Show me ONE INSTANCE in the past thirty years when housing supply and demand were in perfect balance. Go on - just one...

Suggest you read the ACTUAL report - http://www.rics.org/site/download_feed.aspx?fileID=9811&fileExtension=PDF
- and not just the juicy banners from the red-tops. The first paragraph states:
"The May 2011 RICS Housing Market Survey conveys a slightly weaker tone than the April survey. Anecdotal evidence from surveyors suggests this is in part linked to the unusual succession of public holidays at the end of April/beginning of May although continuing concerns are raised both about the outlook for the economy and the availability of mortgage finance." Please note that I did NOT truncate the last sentence in order to make the outlook 'disappear'...

What will be, will be, Mr Hicks. You MIGHT just get your wish and property values might drop to groats and farthings, allowing you to drop your gold and become a property squillionaire overnight. But don't think that what you say on here will influence the outcome in the slightest. All you do here is wind up Estate Agents with your normally belligerent rantings.

WOW! - THAT'S gonna cause your long-awaited HPC, ain't it?
Added by wardy on 2011-06-14 11:06:50

......and yet people may find that ringing up an agent for no other purpose than to wind them up a little bit sad. Thats not an assumption Will. Its a fact.
we can do a vote on it if you wish?
Added by Will Hicks on 2011-06-14 09:17:14

PeeBee & Wardy,

you both seem to be making a lot of assumptions about me & my life, yet again dragging the comments section into something most intelligent people left behind in the school yard.

There appears to be too much bitterness on here of late, but I guess the greed driven boom times are over for you guys from reading this mornings press off the back of the RICS release ...

"Estate agents sell just one home a week on average as property market struggles"

"The number of homes coming on to the market has surged but the number that are selling has fallen, according to the Royal Institution of Chartered Surveyors."

Read more: http://www.dailymail.co.uk/news/article-2003252/Estate-agents-sell-just-1-home-week-property-market-struggles.html#ixzz1PEiJyett

http://www.dailymail.co.uk/news/article-2003252/Estate-agents-sell-just-1-home-week-property-market-struggles.html

Added by wardy on 2011-06-14 08:58:34

so Will Hicks. It seems you get your jollies by phoning up EA's about properties you have no intention of buying just for fun?
something missing in your life per chance?
Added by Darren Wright on 2011-06-14 08:57:12

Umm, so if there was a low cost alternative would you guys give it a chance?
www.nice2move.com has been developed to be easy to browse, clean and to the point.
We dont have too many distraction so its property, property, property,
try us for free: www.nice2move.com
Added by PeeBee on 2011-06-13 19:59:34

Will Hicks: "Property Bee allows us potential buyers to see what's what."

POTENTIAL BUYER? YOU??? Well, if that is the case you are admitting that you have been lying all along. What happened to the " The smart money is in gold" Will Hicks? The "I wouldn't buy property at any price now" Will Hicks?

Anyways, Mr Hicks - with all your self-proclaimed knowledge of the market; your ability to spot a bargain and exploit it to the cost of the next poor buyer who gives you 650% uplift for the benefit of a cheap lick of paint and a B&Q budget kitchen - why would someone as smartypants as YOU need Property Bee in the first instance?

You're nothing but wind and p...!
Added by Will Hicks on 2011-06-13 16:14:19

I see Jonnie has quickly descended into his usual fall back position of odd ball abuse. I haven't even used any big words today either. Crikey Jonnie, you want to watch your blood pressure bud, and reset your leg-pulling monitor.

Property Bee allows us potential buyers to see what's what. e.g. I could see a place had been on the market for over a year the other day since "initial listing", so I called the relevant EA dealing with it & asked her how long it had been on. Her answer [bless her], was "not too long". When I furnished her with the facts, she buckled & sang like a canary about how the vendor was a pain & what the property had wrong wit it.

I rest my case.
Added by Sibley's B'stard Child on 2011-06-13 14:57:28

Addendum, just seen Jonnie's post. Yes, of course, that is another way of looking at it.

In fairness though, that application, along with the Land Registry, Ourproperty, Zoopla etc is just one more tool to help FTBs make a more informed decision in terms of how much to offer on a prop.
Added by Sibley's B'stard Child on 2011-06-13 14:54:06

Oh yes Will, using Property Bee adds a whole new 'je ne sais pas' to the Rightmove experience.

Fair play to Beerhunter for devising such a brilliant application.

The only downside is that it can't track deleted and re-added listings.

Still, as you say regarding the history, it is amusing to watch with a mixture of pity and astonishment as a vendor's asking price bounces up and down; a cosmic battle between optimism and despair, then back to delusion.
Added by Jonnie on 2011-06-13 14:47:40

Oh Dear Will,

Now anyone that has read my posts to / about you knows im not a fan and I think you’re very odd and need to try and find something meaningful to do with your life but for the love of all that’s holy?! – do you really do that thing with the spell checker / history thing?

The internet has an entire world of stuff you could look at from news and sport to finding a girlfriend, and you sit there with your whizzy app thing getting all moist over how long a house has been for sale????

You are bonkers mate, absolutely bark at the moon bonkers but good on you fella for sharing it with us on EA and having no shame about it – be proud of what you are, sad and a bit mental and you keep doing gay innuendo with me but proud!

Good for you. Will, good for you.

Jonnie

P.s – the 1 hour thing is most likely a combination of Will and agents checking their own stock and canvassing others.
Added by Will Hicks on 2011-06-13 14:24:52

Sibs,

Do you use the Property Bee Firefox "toolbar" for browsing Wrongmove ads. It gives the FULL history, so you can see the price drops & EA spelling mistakes. Great fun at the moment with the swelling stock levels.

See http://www.property-bee.com/
Added by Sibley's B'stard Child on 2011-06-13 11:58:00

Browsing RM et al at the moment is tantamount to car-crash telly. You shouldn't but feel strangely compelled to watch.

'They want HOW much for that pile of bricks?'
Added by geoff on 2011-06-13 11:46:48

Re:Watching

As far as i can see these results were not announced by rightmove but by an independant stats company.

I think the only point your making is that no matter why you are looking at property the first website poeple go to is rightmove which is why i pay their high fees!

It works the same as estate agents having high street presence, they want the footfall and the casual browsers otherwise they would spend less on rent and work from a side road or serviced office.

Added by Will Hicks on 2011-06-13 11:44:08

"Rightmove users spend an hour on site each month"

... laughing at the asking prices.
Added by Watching on 2011-06-13 11:09:16

Is it possible these figures are generated from Estate Agents staring at their own stock on RM for hours on end, even worse, my experience tells me Estate Agents will stare at their competitors stock on RM even longer than they stare at their own. Then you get the owners staring at their own property on RM to admire their asking price as they compare it with asking prices nearby.

What % of this activity on RM is 'in-house' as opposed to genuine potential buyers? I do wonder !! It always makes me chuckle.

We are not fools.

This is simply announced so RM can justify their fees.
Their money comes from EA's, 'not clickers'

Are we shooting ourselves in our own foot?
Added by J Clarksrom on 2011-06-13 08:43:27

Would be worried about the British if it were a PP issue

Nothing on RM worthy of a box of Andrex....

More likely bored sellers.
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