[quote=sdrealtor] . . . I would say in my hood 20% undesireable, 50% desireable, 20% very desireable, 10% off the charts desireable.
I will also throw in that REO were 8% of annual sales and Short Sales were 8% also.
Not sure what you are trying to prove here but that about covers it.[/quote]
[quote=sdrealtor]. . . People with kids move from less than a mile away to get into my hood all the time. They move from within the school district to do so. There is a reverse prospecting system (the ones that realtors sign their clients up to receive automatic emails on). When you list a property you can see how many emails go out within 24 hours which shows you how many are watching it. In my hood about 800 go out!!! For everyone who is here there are hundreds of others waiting for the right house to get in here.. . .[/quote]
I asked you those questions because you intimated earlier (above) that inventory literally “flew off the shelves” in your hood and there were droves of people just waiting to get in and snap up a property. Everyone knows that all sellers don’t keep their properties clean during the listing period or even clean them up to be marketed, some properties are VERY outdated, some need several major repairs and every subdivision, as you pointed out, has undesirable lots for the reasons you mentioned here and more. Also you have the sellers who over-improved and are delusional about pricing so end up removing their listing. Floor plan, I would think, would be less important, but on tracts, perhaps there might be one or two floorplans that end up to be less popular over the years.
Your first answer was “cherry-picking” somewhat – only telling us how many days it takes the “most desirable” properties to get an accepted offer and enter escrow. That’s not an overall picture of market time for the area. The bad comes with the good as they are all on the same tract or gen’l neighborhood.
So, overall, in your hood you are saying that at any given time, the listed inventory is 80% desirable, correct?
Some more questions. Is it the actual construction, ocean views, floor plans, or school attendance area that makes the properties in your hood so desirable? If buyers don’t know how sociable the block is before they buy, it would seem that they don’t buy based upon who the neighbors are or how many potlucks or street fairs your “farm area” holds per year.
If there are ocean-view properties there, what is the percentage of them? Is the ocean visible from the first floor or only the second floor.
Is there something about the houses themselves that makes them different and more desirable than other tracts or tracts in nearby areas? If so, what is it?
Humor me. I have been unfamiliar with this area since the greenhouses and flower fields moved out.
