956,372
You're thinking too much.
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
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Raj Taj
Lake Bluff, IL
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Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Anita Clark
Warner Robins, GA
-
Bob "RealMan" Timm
Minot, ND
-
Candice A. Donofrio
Fort Mohave, AZ
5,772,587
Praful,
It depends, on the price, the number of people in town who can afford this home, and the home's desirability in your market. There is no right answer here, A
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Tony and Suzanne Marri...
Scottsdale, AZ
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
-
Anita Clark
Warner Robins, GA
-
Bob "RealMan" Timm
Minot, ND
-
Candice A. Donofrio
Fort Mohave, AZ
-
Nina Hollander, Broker
Charlotte, NC
7,864,157
I have no idea what you should expect in your market area.
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Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
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Candice A. Donofrio
Fort Mohave, AZ
6,418,755
Anyone who thinks they know the answer to that one may be fooling themselves
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Michael Jacobs
Pasadena, CA
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Pete Xavier
Pacific Palisades, CA
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
679,404
Seems there are way too many variables to respond ... Depends on so many things ... I would hope whatever the numbers are that I get an offer right away! Only looking for ONE BUYER right?
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Pete Xavier
Pacific Palisades, CA
1,386,774
Too many variables to provide an answer. Every market is different.
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
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Diana Dahlberg
Pleasant Prairie, WI
1,241,879
High end- One day only by appointment. No outside sign. Pre-screened. Last time 35 groups received 3 offers.
Avg priced home (1.1-1.7M avg neighborhood, 1.8-2.7M better schools neighborhood) 2 days of OH and possibly a broker tour if needed.
Probably 5-6 groups translate to 1 solid offer. 5-6 offers first week in common. 36 people in one afternoon is about right.
Not matter what the interest rates are, there are 30,000 new hirees in high tech will not dampen the home sales enthusium. They can not all sleep in their cars or motels. Even if FB, Googl moved out of the area, Elon Musk and Jeff Bezos are hiring techies. Anyone who can ship weekly 5000 TSLA all electric gets a free mansion. Hello coming on in you are hired, not making the quota? Good bye.
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
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Diana Dahlberg
Pleasant Prairie, WI
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Bob "RealMan" Timm
Minot, ND
1,153,794
There's no differential when each is priced well. I could sell a $10,000,000 home with only a couple of showings where it might take 50 for a $275,000 listing. I always wanted to have a formula and although I track everything there's no such animal Praful.
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
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Diana Dahlberg
Pleasant Prairie, WI
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Bob "RealMan" Timm
Minot, ND
3,167,714
You never know around here what will make a house sell. We're a primary second home market and that's so different from people looking for a home to live in.
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
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Diana Dahlberg
Pleasant Prairie, WI
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Bob "RealMan" Timm
Minot, ND
5,061,034
It really depends on the market, and the pricing of the high end.
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Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
4,582,434
The answer for me is "it depends". Because it does depend and because that was my first thought which brings me to fur and instinct --- which I find quite important in real estate and in life.
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Debe Maxwell, CRS
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
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Diana Dahlberg
Pleasant Prairie, WI
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Bob "RealMan" Timm
Minot, ND
2,684,669
Probably less.
Most Brokers here won't do Open Houses on luxury houses. They don't want "the lookers" who will come just to see the big fancy house.
Smaller buyer pool. Must-be-accompanied showings. Potential buyers need a pre-showing strong POF or pre-approval letter.
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Debe Maxwell, CRS
Charlotte, NC
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Diana Dahlberg
Pleasant Prairie, WI
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Eve Alexander
Tampa, FL
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Michael Jacobs
Pasadena, CA
2,400,450
I don't know a ratio Praful Thakkar BUT if these potential buyers have been screened as "Qualified" buyers I would expect the ratio to be higher (in a positive way) of finding the right buyer.
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Debe Maxwell, CRS
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
-
Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
1,553,599
Subject to too many variables Praful Thakkar; different for every market.
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Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Thomas J. Nelson, REAL...
La Jolla, CA
3,349,554
Every market is different.
Real estate is Local.
Every home is different.
Depends on the market and how one defines "high-end" in their market.
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Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
5,113,121
I have no idea... can't imagine what a ratio like this would prove, as there are so many variable. I don't do open houses, in any event... so have no numbers for those. In 25 years have yet to ever sell a listed home off of an open house.
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Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
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Fred Griffin Florida R...
Tallahassee, FL
-
Bob "RealMan" Timm
Minot, ND
2,221,377
Not sure Praful
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
766,179
1-1
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
5,583,328
that's relative to the list price.... the lower the list price compared to the ideal list price for that home, the more showings....
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
2,784,726
When the ducks quack....they quack and not until then
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Diana Dahlberg
Pleasant Prairie, WI
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
4,434,177
No right answer. Depends on the town.
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Diana Dahlberg
Pleasant Prairie, WI
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
1,506,163
I'm going to have to join in on the "it depends" crowd. I've had multiple open houses w/30+ attendees on the same property, week over week. I've had high end homes where the open house drew looki-loos curious what type of house went at that price.
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
1,323,529
If I get a listing that fits that scenario, I will come back and answer the question.
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Diana Dahlberg
Pleasant Prairie, WI
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
3,071,489
Ron and Alexandra Seigel nailed this one!
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Michael Jacobs
Pasadena, CA
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Ron and Alexandra Seigel
Carpinteria, CA
5,254,675
It totally depends upon the city, the neighborhood and the house...and, of course the condition & price!
I sold two $1M homes earlier this year at open houses. I have one listing in a lower price range in the same area that I've held 3 open houses and haven't nabbed one buyer for that one yet! So, it's totally unpredictable!
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Michael Jacobs
Pasadena, CA
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Pete Xavier
Pacific Palisades, CA
1,525,616
I would have no idea how to get that data. There are quite a few homes in our area that are well over a million dollars and we don't have a lot of buyers in that price range. As others have said, it depends on the town and the average price range.
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
1,624,853
Depends on the location. A lot of simply curious people come to see high end properties.
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Jeff Perlis Prime Prop...
Lake Arrowhead, CA
2,192,369
4,800,132
It may be less than 10% of that "sweet priced" home.
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Michael Jacobs
Pasadena, CA
3,416,038
I do not like to look at open house guests as most are not buying but just looking. I would rather have provate showings and stack them say every 15-20 minutes on the average priced home. On luxury home is list it is often 1/2 to 2/3 less showings, but same result... SOLD.
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Michael Jacobs
Pasadena, CA
4,901,858
5,240,031
Sometimes they go quick and sometimes the right buyer is further down the showings line!
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Michael Jacobs
Pasadena, CA
4,272,934
5,877,915
87,920
3,986,308
I want one person to show , the potential buyer. It is not the number of people but the quality of people.
3,988,013
I am seeing if the house is priced right, it only takes one good offer. I showed one on Friday and wrote it and ggot it accepted. We were the first and I had a good working relationship with the listing agent.
1,712,776
921,504
(Market average total annual sales) /(market average Listing)x10 = expected Level 1 and level 2 showings.
(Market High-end total annual sales)/(Market High-end listing) x 10 =expected Level 1 and Level 2 showings
RATIO: Market Average Level 1 and level 2 showing/Market high end Level 1 and level 2 showings.
Based on the above one can extrapolate if attendance will be sufficient to garner an offer.
It is possible for a seller, balanced and buyer market to exist simultaneously, if one analyzes the price segments. To apply the expectation of 25 qualified attendees to all segments may indicate improper analysis unless augmented by a very targeted and enduring marketing strategy.
Math as we all know is precise marketing and sales agents, not so much.Such numbers present a potential. Exceptional execution maximizes that potential.