Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners)

Spam prevention
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

You're thinking too much.

May 26, 2018 08:35 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy


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

May 26, 2018 08:03 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I have no idea what you should expect in your market area.

May 26, 2018 09:03 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Anyone who thinks they know the answer to that one may be fooling themselves

May 26, 2018 07:04 PM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

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?

May 26, 2018 02:33 PM
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Real Estate LLC - Coast & Luxury

Too many variables to provide an answer. Every market is different. 

May 26, 2018 01:32 PM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

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. 

May 26, 2018 01:25 PM
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

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.

May 26, 2018 01:14 PM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

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.

May 26, 2018 12:21 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It really depends on the market, and the pricing of the high end.

May 26, 2018 10:07 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

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.

May 26, 2018 09:58 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    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.    

May 26, 2018 09:50 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

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.

May 26, 2018 09:28 AM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Subject to too many variables Praful Thakkar; different for every market.

May 26, 2018 09:12 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

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. 

May 26, 2018 08:09 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

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.

May 26, 2018 08:04 AM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Not sure Praful 

May 26, 2018 04:54 PM
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo


May 26, 2018 03:27 PM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

that's relative to the list price.... the lower the list price compared to the ideal list price for that home, the more showings....

May 26, 2018 02:49 PM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

When the ducks quack....they quack and not until then

May 26, 2018 10:20 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No right answer. Depends on the town. 

May 26, 2018 10:11 AM
Ryan Huggins - Thousand Oaks, CA - Thousand Oaks, CA
Residential Real Estate and Investment Properties

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.

May 26, 2018 09:13 AM
John Juarez
The Medford Real Estate Team - Fremont, CA

If I get a listing that fits that scenario, I will come back and answer the question.

May 26, 2018 08:16 AM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Ron and Alexandra Seigel nailed this one!

May 27, 2018 06:19 AM
Debe Maxwell, CRS | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

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!

May 26, 2018 10:48 PM
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

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.

May 26, 2018 02:46 PM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Depends on the location. A lot of simply curious people come to see high end properties. 

May 28, 2018 11:31 PM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist


May 27, 2018 07:59 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It may be less than 10% of that "sweet priced" home.

May 27, 2018 07:30 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

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. 

May 27, 2018 07:15 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker

In our market 10

May 27, 2018 06:07 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Sometimes they go quick and sometimes the right buyer is further down the showings line!

May 27, 2018 05:10 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I really don't know...

May 26, 2018 11:08 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Depending on time of year this could be seriously different.

May 31, 2018 07:15 PM
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

The lower the price, the more visitors and more competition. 

May 30, 2018 12:17 AM
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

I want one person to show , the potential buyer.  It is not the number of people but the quality of people.

May 29, 2018 02:57 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

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.

May 28, 2018 05:45 PM
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Consdiering that is raified air about 1 to 10.

May 27, 2018 07:08 AM
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

(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.

May 27, 2018 05:19 AM