I’m officially a knifecatcher

[sdrealtor]

bg
Market times vary due to time of year, floorplan, lot location etc. In general, if you take a good floorplan, in a good location with a decent lot and price it at the comps it will sell in under 30 days and usually much quicker.

If you let me know you will keep it private, I would be happy to PM the community to you.

I just went back and looked at the 30 sales from last year that I considered good floorplan, location and decent lot. The average market time last year was 21 days and some of these were intially overpriced. If you remove the days that several of them sat initially overpriced and just look at the market time between the last reduction and sale, the average market time would be well under 14 days.

[bearishgurl]

[quote=sdrealtor]bg
Market times vary due to time of year, floorplan, lot location etc. In general, if you take a good floorplan, in a good location with a decent lot and price it at the comps it will sell in under 30 days and usually much quicker.

If you let me know you will keep it private, I would be happy to PM the community to you.

I just went back and looked at the 30 sales from last year that I considered good floorplan, location and decent lot. The average market time last year was 21 days and some of these were intially overpriced. If you remove the days that several of them sat initially overpriced and just look at the market time between the last reduction and sale, the average market time would be well under 14 days.[/quote]

Thank you, sdr.

Now, what I want to know is,

How many days (on avg) did those “desirable” listings (with a good location, decent lot and good floorplan) sit on the MLS with the higher price(s) on them before they were reduced enough to get an offer?

How many days (on avg) did the less desirable listings (NOT the ones with a good location, decent lot and good floorplan) take to obtain an accepted offer?

What is the ratio of “desirable listings” (with a good location, decent lot and good floorplan) to less desirable listings in NCC? In other words 60% “desirable” and 40% “undesirable” or vice versa.

[bearishgurl]

[quote=sdrealtor]bg
Market times vary due to time of year, floorplan, lot location etc. In general, if you take a good floorplan, in a good location with a decent lot and price it at the comps it will sell in under 30 days and usually much quicker.

If you let me know you will keep it private, I would be happy to PM the community to you.

I just went back and looked at the 30 sales from last year that I considered good floorplan, location and decent lot. The average market time last year was 21 days and some of these were intially overpriced. If you remove the days that several of them sat initially overpriced and just look at the market time between the last reduction and sale, the average market time would be well under 14 days.[/quote]

Thank you, sdr.

Now, what I want to know is,

How many days (on avg) did those “desirable” listings (with a good location, decent lot and good floorplan) sit on the MLS with the higher price(s) on them before they were reduced enough to get an offer?

How many days (on avg) did the less desirable listings (NOT the ones with a good location, decent lot and good floorplan) take to obtain an accepted offer?

What is the ratio of “desirable listings” (with a good location, decent lot and good floorplan) to less desirable listings in NCC? In other words 60% “desirable” and 40% “undesirable” or vice versa.

[bearishgurl]

[quote=sdrealtor]bg
Market times vary due to time of year, floorplan, lot location etc. In general, if you take a good floorplan, in a good location with a decent lot and price it at the comps it will sell in under 30 days and usually much quicker.

If you let me know you will keep it private, I would be happy to PM the community to you.

I just went back and looked at the 30 sales from last year that I considered good floorplan, location and decent lot. The average market time last year was 21 days and some of these were intially overpriced. If you remove the days that several of them sat initially overpriced and just look at the market time between the last reduction and sale, the average market time would be well under 14 days.[/quote]

Thank you, sdr.

Now, what I want to know is,

How many days (on avg) did those “desirable” listings (with a good location, decent lot and good floorplan) sit on the MLS with the higher price(s) on them before they were reduced enough to get an offer?

How many days (on avg) did the less desirable listings (NOT the ones with a good location, decent lot and good floorplan) take to obtain an accepted offer?

What is the ratio of “desirable listings” (with a good location, decent lot and good floorplan) to less desirable listings in NCC? In other words 60% “desirable” and 40% “undesirable” or vice versa.

[bearishgurl]

[quote=sdrealtor]bg
Market times vary due to time of year, floorplan, lot location etc. In general, if you take a good floorplan, in a good location with a decent lot and price it at the comps it will sell in under 30 days and usually much quicker.

If you let me know you will keep it private, I would be happy to PM the community to you.

I just went back and looked at the 30 sales from last year that I considered good floorplan, location and decent lot. The average market time last year was 21 days and some of these were intially overpriced. If you remove the days that several of them sat initially overpriced and just look at the market time between the last reduction and sale, the average market time would be well under 14 days.[/quote]

Thank you, sdr.

Now, what I want to know is,

How many days (on avg) did those “desirable” listings (with a good location, decent lot and good floorplan) sit on the MLS with the higher price(s) on them before they were reduced enough to get an offer?

How many days (on avg) did the less desirable listings (NOT the ones with a good location, decent lot and good floorplan) take to obtain an accepted offer?

What is the ratio of “desirable listings” (with a good location, decent lot and good floorplan) to less desirable listings in NCC? In other words 60% “desirable” and 40% “undesirable” or vice versa.

[bearishgurl]

[quote=sdrealtor]bg
Market times vary due to time of year, floorplan, lot location etc. In general, if you take a good floorplan, in a good location with a decent lot and price it at the comps it will sell in under 30 days and usually much quicker.

If you let me know you will keep it private, I would be happy to PM the community to you.

I just went back and looked at the 30 sales from last year that I considered good floorplan, location and decent lot. The average market time last year was 21 days and some of these were intially overpriced. If you remove the days that several of them sat initially overpriced and just look at the market time between the last reduction and sale, the average market time would be well under 14 days.[/quote]

Thank you, sdr.

Now, what I want to know is,

How many days (on avg) did those “desirable” listings (with a good location, decent lot and good floorplan) sit on the MLS with the higher price(s) on them before they were reduced enough to get an offer?

How many days (on avg) did the less desirable listings (NOT the ones with a good location, decent lot and good floorplan) take to obtain an accepted offer?

What is the ratio of “desirable listings” (with a good location, decent lot and good floorplan) to less desirable listings in NCC? In other words 60% “desirable” and 40% “undesirable” or vice versa.

[sdrealtor]

The desireable ones probably sat on the market about 3 weeks until getting reduced. If a decent house hasnt sold in my hood within 21 days the price is almost certainly off and the agents around here know that. Unless it is just a slow time of year most homes will get get reduc ed after 21 days.

The less desireable ones have fundamental issues (under power lines, 8 feet of backyard, overlooking a 4 to 6 lane county highway, bad floorplan etc). How long they take depends upon how undesirable and how willing/able seller was to reduce to the point that someone who really wants in but cant afford a good one ccan and is willing to pay just to be here. 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.

[sdrealtor]

The desireable ones probably sat on the market about 3 weeks until getting reduced. If a decent house hasnt sold in my hood within 21 days the price is almost certainly off and the agents around here know that. Unless it is just a slow time of year most homes will get get reduc ed after 21 days.

The less desireable ones have fundamental issues (under power lines, 8 feet of backyard, overlooking a 4 to 6 lane county highway, bad floorplan etc). How long they take depends upon how undesirable and how willing/able seller was to reduce to the point that someone who really wants in but cant afford a good one ccan and is willing to pay just to be here. 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.

[sdrealtor]

The desireable ones probably sat on the market about 3 weeks until getting reduced. If a decent house hasnt sold in my hood within 21 days the price is almost certainly off and the agents around here know that. Unless it is just a slow time of year most homes will get get reduc ed after 21 days.

The less desireable ones have fundamental issues (under power lines, 8 feet of backyard, overlooking a 4 to 6 lane county highway, bad floorplan etc). How long they take depends upon how undesirable and how willing/able seller was to reduce to the point that someone who really wants in but cant afford a good one ccan and is willing to pay just to be here. 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.

[sdrealtor]

The desireable ones probably sat on the market about 3 weeks until getting reduced. If a decent house hasnt sold in my hood within 21 days the price is almost certainly off and the agents around here know that. Unless it is just a slow time of year most homes will get get reduc ed after 21 days.

The less desireable ones have fundamental issues (under power lines, 8 feet of backyard, overlooking a 4 to 6 lane county highway, bad floorplan etc). How long they take depends upon how undesirable and how willing/able seller was to reduce to the point that someone who really wants in but cant afford a good one ccan and is willing to pay just to be here. 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.

[sdrealtor]

The desireable ones probably sat on the market about 3 weeks until getting reduced. If a decent house hasnt sold in my hood within 21 days the price is almost certainly off and the agents around here know that. Unless it is just a slow time of year most homes will get get reduc ed after 21 days.

The less desireable ones have fundamental issues (under power lines, 8 feet of backyard, overlooking a 4 to 6 lane county highway, bad floorplan etc). How long they take depends upon how undesirable and how willing/able seller was to reduce to the point that someone who really wants in but cant afford a good one ccan and is willing to pay just to be here. 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.

[bearishgurl]

[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.

[bearishgurl]

[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.

[bearishgurl]

[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.

[bearishgurl]

[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.

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