Can anyone remember what the housing market was like in 2006?!

[Cydonia]

Sorry, bit of a random one! I’m going to view a house at the weekend, it’s on the market at a guide price of £270 - 290,000. Been on since June, I think they have changed estate agents recently and dropped the price from £285,000. When I looked on previous nearby sales on Rightmove it came up, and had sold for £266,000 in 2006.
I know I’m jumping the gun a bit here as I haven’t even viewed it yet, but something about that doesn’t seem right? Wouldn’t you expect it to have gone up more in 14 years, leading me to think what’s wrong with it?! Or were prices through the roof in 2006?
Just wondered what other people more experienced in these matters would make of this. I don’t know if it’s the owner or the agent showing me round, but either way I’m not sure I can really ask them!

We bought in 2004 for £360,000. Had the house valued to sell in 2006, 3 different agents gave us values of £550 - £600,000. We didn't sell in the end and still live in the same house. Current value about £950,000. This is for a 3 bed mid terrace by the way. When people complain about absurd house prices in London they really aren't exaggerating.

We bought our house for £5K over asking price in the South East in 2005 The market was very busy. 100% mortgages and some Self Cert ones too. It is very area dependent. Our place has easily doubled in value now - mad!

Thanks everyone. How would I find out if something was “wrong” with the area though? It’s a bit of a funny place, not really a street as such more a cluster of houses at the bottom of a hill. The house is a 4 bed detached, next door which is also for sale is a different style altogether. Then there are two others, again different styles kind of behind it. The house looks quite old, and does have a name but googling hasn’t really brought anything up.

Check with the council regarding flood plain designation and future planning applications

We bought in 2006 and it crashed the next year. It worked out as then went up a lot over a decade (over double)

You could check the Nationwide house prices calculator for your area to see what the average change for the area is. It's a bit broad brush but will give you a general idea. It's fairly easy to use. www.nationwide.co.uk/about/house-price-index/house-price-calculator
You can put any dates in and it will tell you the differences in valuation between those dates. It goes backwards as well as forwards.

It obviously doesn't take into account condition or any changes in the area but it's a useful tool to show general trends.

Prices were shooting up around here in 2006. IIRC that was when a dd had a temp job at an EA - I remember her saying that there were 7 sealed bids on a Monday morning, for a house where first viewings had been on the Saturday.

This was SW London and it was a normal family house, nothing particularly special.