It is a right old barney.
And it ends, surprisingly, in an industry first – Russell Quirk being silenced.
Yes, indeed.
In one corner we have Mr Q and in the other, a Mr Oliver Rivers.
The argument is about a press release sent out by Quirk’s indefatigable PR team, about how Britain leaving the EU could affect house prices.
The press release later morphed into a story on the newswire Cityam
The reaction that followed was on Twitter and here’s how it ends.
https://twitter.com/maxrothbarth/status/661926976144474112
Comments (13)
Robert, M Barnard et al…
A quick – or should that be Quirk – update on statistics.
As of 10 pm tonight, RM shows 20 Listings as ‘Added: Last 3 days’.
Z shows 12. A difference of 8 units – quite a chunk. There are two reasons for this – first is that the two portals have differing load times – Z is showing one property with today’s date, RM none; RM have three properties showing from 6/11 that Z haven’t – second and by far most important reasoning behind it is that there are EIGHT properties which don’t show on Z because they are reductions (6) or apparent re-listings (2).
The ‘Reductions’ amount to £127,000 – a whopping average of £21167 or 8.8% of Original Listing Price (credit: Zoopla) per property.
The two ‘Re-Listings’? Not for me to say. RM claim they have these things under control.
I think that this shows they clearly haven’t.
(as with any posts of this nature I have necessary proof if required)
As Stephen Jury has mentioned their PR machine.
Wouldn’t you think that the ‘best PR team in the industry!’ would be able to help the business generate a better performance than 56 new listings in the past 7 days (Source: Rightmove, just now. 74 properties show as listed in the past 7 days but that includes 18 price reductions so they have to be discounted from the figures).
Extremely poor performance from emoov ….Russell doesn’t ever respond to hard facts like performance ……he only likes to speculate. With figures like these emoov would continue to lose a lot of money.It certainly doesn’t seem to be moving anywhere near as fast as he suggests.
M Barnard
I jumped on this some twelve hours after you posted your own findings. Mine are slightly different as time has elapsed, however the message is still clear.
As of 9pm, there were 64 listings in a 7-day period. Of those, 20 were reductions leaving 44 ‘new’ properties.
Except… that isn’t quite correct. By quite a lot.
A check of every ‘new’ listing, cross-referencing with RM Plus and Zoopla, revealed that ELEVEN of the 44 were re-listings of one sort or another, including two which had been archived within the last 6 weeks and then re-listed.
44 therefore becomes 33. 25% less – or 48.5% of the original total that Rightmove would have you believe eMoov listed in a 7-day period.
But that’s not the only statistic here that needs examining and highlighting.
Those 20 reductions.
A quick tot-up of the current against original asking Prices for those properties tells me that FOUR HUNDRED AND FORTY THOUSAND POUNDS has so far been slashed off those twenty properties – that’s an average of £21,000 each. Or 6.75%.
Add the other 44 to the equation each as 100% (today, at least…), average ALL 64, and you get a figure of -2.1% overall. And that’s just one weeks’ worth.
Someone please talk me through how that can be, when the company website proudly boasts “We’re achieving 99% of asking price per sale compared to 95% by the typical UK estate agent…”?
Conclusions:
Maybe Mr Quirk needs some help with his statistics.
Maybe Mr Rawlings will lend him Dr Who?.
Maybe The Quirkster and his new Bezzie, Mr Mealham will qualify for ‘Mates Rates’ – them being fully paid up Members of the Anti-OTM Association and all that.
Who knows?
There’s enough fascinating detail in this one post to be a story in itself, it is a shame only the archive dwellers will see it.
Can’t see How Trevor and Mr Quirk are bestest buddies Peebee, Trevor has said so many times how he loathes budget agents and those pretending to be what they are not. I suspect that is his real disappointment at not being allowed, along with his member agents, to be working alongside AM as a friend.
With Lonres and Team both seemingly no different in business model to INEA but allowed on OTM there is a confusion that is pushing Trevor towards action that will benefit nobody.
Historically I would have to agree with you, Robert, based upon years of previous writings… but I would now have to suggest that Mr Mealham nailed his current colours to the mast on Tw@tter the other night – which you may not have seen – when, breaking into an exchange between Mr Quirk and myself he tweeted
“Could be worse Russell. Could be one of the idiots that thinks AM/OTM has a long term future :-)”
I responded with
“Oh, dear – must be bad when you have to schmooze with the budget brigade to try to score points
#allislost”to which he came straight back with
“Not at all. Better than being with those who don’t understand the industry”
Couldn’t be much clearer if he drove a liveried car.
Best PR team in the industry! You received the full release Ros so know all the stats were tip top
With a mouthpiece like Russell I guess they’d have to be!
THERE’S AN ASTEROID COMING… BIG AS AFRICA… GLOBAL EXTINCTION PREDICTION 100% CERTAINTY.
There you go, Mr Jury – PeeBee’s challenge of the day for you to create some positive spin out of that.
See – I give you easy-peasy ones… unlike your Gaffer.
;o)
WE’RE ALL GOING TO DIE!
Oh no, when? I got next week off! Just my luck 😛
I’ve got some positive spin for that one!
Big asteroid about to wipe out all life? At least I don’t have to hear about TOWIE, Made In Chelsea or Big Brother again!
There – you see – THATS THE WAY TO DO IT, Mr Jury!
Traditional agents will ALWAYS manage to outshine and outclass the onlinies.
Get used to it. ;o)