Google's ability to search within a date range, along with WebArchive, adds an extra dimension to tracking real estate prices. In September 2009 I noticed an advert for 92 Amethyst Crescent in Mount Richon. Although it looked like a very nice house, $1,995k for a house just outside Armadale seemed completely over the top.
It's now late 2011 and this house has still not sold. It's on the market, with the same agent, for $1,195k. There is no mention of this $800k "fire sale" price reduction in the advert. And I'm surprised that the owners stuck with the original agents; how is possible to get the price wrong by so much? Don't say market forces or GFC; this price was clearly wrong back in 2009.