I have been monitoring the market in SE9 for around a year now.
Some interesting trends...

Example 1
Refurbished 4/5 bed in a good area of Eltham, but quite a busy road - the developer must be getting desperate now.
Started off at £399K back before Xmas, then went down to £364K, now is selling at £354K...
http://www.zoomf.com/detail/westmount-road...Q4Nw../

I don't think it show on propertysnake (which is getting less useful by the day).

Example 2
3 bed in an equally good area of Eltham, on a quiet.
Started off at £350K back in late autumn.
I actually emailed the EA back after they had sent me the details, cos I genuinely thought it was a typo!
I had viewed 2 almost identical properties in the same road a few months before, both of which were going for around £250K (yes £100K less), so you can understand why I thought they had made a mistake. However, after talking to the EA, I was informed that the seller had set the hugely-inflated price!! (What kind of EA would agree to that? ...erm, no comments please!) Anyway, it's still on the market (surprise!!) but now at £300K.
http://www.rightmove.co.uk/viewdetails-962...=1&tr_t=buy

Anyone else seen similar trends in SE London??

There is a massive bubble in East Dulwich to the extent that 3/4 bed houses appear to be on the market at an asking price 50% above the lower end of Lordship Lane towards Forest Hill, or West Dulwich.

I routinely see asking prices for £600k for 3 beds in surrounding roads, but Property Bee already shows some evidence of falls of up to £40k in asking price, with lots of stickiness otherwise.

Don't you mean Herne Hill?
When I left the Elephant, a few agents were valiantly trying to re-christen it "South Bankside"!