ARDELL and Seattle Stats : ARDELL's Seattle Real Estate Blog

ARDELL's Seattle Real Estate Blog

May. 13, 2007 - ARDELL and Seattle Stats

One of the reasons I look at the statistical data regarding housing sales, is to determine the odds of finding a property that matches my client's needs.

When determining a reasonable real estate commission, I need to know the odds. When we find a house and make an offer, we need to know the liklihood of the seller being able to get a higher price than the one we are offering.

I posted many pie charts in different price ranges. If I have a client looking for a property for $300,000 in an area where housing in that price range is scarce, It could take many months to find the right property. If I have a client looking for a house for $1.3 million, where only 1 out of 9 sell quickly, then the search will take a completely different working set than for the first client.

It also helps when determining whether or not to accept a client at all. If someone wants to buy a house for $450,000 with a view, some agents will take the client and wait until that client realizes that their housing criteria needs to change. Others will show them that no house has sold in the area the want to live, with a view, at $450,000 in the last three years.

Every person is different. Some people like knowing up front what the odds are of their finding a property that meets their needs. Others want to look for that needle in a haystack for as long as it takes, years even, to accomplish the seemingly impossible.

Stats and graphs help people quickly eyeball those odds.

Comments (3) :: Post A Comment! :: Permanent Link
View more entries tagged with: None

May. 22, 2007 - re: ARDELL and Seattle Stats

Posted by dave

As a first time condo buyer in Seattle I struggled with a lot of the same issues you talk about in this blog. For one, it has traditionally been very hard to compare individual condo listings to each other as they often are in different buildings, with different amenities, and varying layouts. I have found a website CondoCompare (www.condocompare.com) that makes this job a lot easier as listings not only come from MLS (as oposed to other condo listing sites i've found) but they are listed by the building they are in, just as hotel rooms are. For anyone who's tried to find and compare different condo's in the area and had anywhere close to as many problems as I have, i'd reccomend checking this site out.

Permanent Link

May. 22, 2007 - re: ARDELL and Seattle Stats

Posted by ARDELL DellaLoggia

It's an interesting site. Though it feels like you may work for them :) Hard to tell who "their agents" are, since they don't appear to be a brokerage. But I'm leaving the comment up even if it is "a commercial" because it is very interesting.

Permanent Link

May. 23, 2007 - re: ARDELL and Seattle Stats

Posted by ARDELL DellaLoggia

I used the online chat for codocompare and had a nice chat with the broker. It is a brokerage, and while it still feels like a commercial for another broker, here in my comments, I think the site is pretty cool. I'm going to give it a plug on www.RainCityGuide.com

Permanent Link

Write a Comment

Your Name:

RealTown Members: Click here to login

Your E-Mail:

Your Website:

Subject:

Your Comment:

Notifications:

Notify me by email when new comments have been posted to this entry.

Privacy:

Private Comment - Do not publish this comment to the public.

Verification:

To verify that you are a human and not a script, please enter the verification word from the image into the box on the right.

ARDELL DellaLoggia On Seattle Real Estate including Kirkland, Bellevue, Redmond, Green Lake and most areas around Lake Washington North of Downtown Seattle. Phone: 206-910-1000 - Mailto:Ardell@RainCityGuide.com