Homes in some Reading postcodes are seeing prices drop by more than Â£ 10,000 it has been revealed.
And in a postcode-reading area, the economy was as much as Â£ 25,000.
The research was carried out by home buying company Property Solvers.
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He analyzed 1,783 home sales between August 2020 and August 2021, using a asking price versus sale price tool and land registry data.
The company says its data monitors the entire sale of the home, from its initial listing to negotiations and offers, to final completion.
The biggest drops were in the RG9 postal code, which largely corresponds to the Henley-on-Thames area.
Data shows that 56 sellers reduced the original asking price by an average of Â£ 24,696 over the 12-month period.
The lowest prices were seen in the RG14 (Newbury) area where 76 house sellers reduced their prices by Â£ 4,509.
Co-founder Ruban Selvanayagam said: âDespite what has been a very active market, homebuyers are still, on the whole, able to negotiate lower prices.
âThere is also broader evidence that surveyors downgrade properties that don’t match the realities.
âThis means that properties end up selling for less than the real estate agent’s initial price estimate. “
“This is relative because a more expensive property is likely to see a larger price difference.”
Price reductions by postcode area
Average asking price: Â£ 874,820
Average sold price: Â£ 850,124
Price Difference: Â£ 24,696
Number of houses sold: 56
RG8 (GÃ¶ring and Streatley)
Average asking price: Â£ 740,232
Average sold price: Â£ 718,510
Price Difference: – Â£ 21,722
Number of houses sold: 49
Average asking price: Â£ 549,898
Average price sold: Â£ 533,846
Price Difference: Â£ 16,052
Number of houses sold: 68
RG10 (Twyford and Wargrave)
Average asking price: Â£ 698,393
Average price sold: Â£ 683,324
Price Difference: Â£ 15,069
Number of houses sold: 50
Average asking price: Â£ 605,148
Average sold price: Â£ 591,135
Price Difference: Â£ 15,000
Number of houses sold: 8
Average asking price: Â£ 558,486
Average price sold: Â£ 545,873
Price Difference: Â£ 14,297
Number of houses sold: 52
RG7 (West Berkshire)
Average asking price: Â£ 524,099
Average price sold: Â£ 511,740
Price Difference: Â£ -12,359
Number of houses sold: 79
RG4 (Caversham, Sonning Common, Sonning)
Average asking price: Â£ 524,445
Average sold price: Â£ 512,111
Price Difference: Â£ 12,334
Number of houses sold: 135
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