Members: 112,881 - 3,083 Online Now
 

While writing my last post it occurred to me that also tracking closings per type of  “special condition of sale” would be an interesting exercise.

As of today our MLS is showing 4,305 listings [Reno-Sparks residential]. Breaking out these by the new “Special Condition of Sale” field yields:

"Special Conditions of Sale"
Reno-Sparks Residential Listings
April 24, 2008
"Special Condition of Sale" # %
Bank Owned 409 9.5
Relocation 20 0.5
Short Sale 503 11.7
Subject to Court Approval 24 0.6
Other 273 6.3
None 2,869 66.6
Not yet specified 207 4.8
total 4,305 100.0

Just as I plan to do with the Pendings tracked in my last post, I will monitor these listings for 30, 60 and 90 days and report on how many have closed. My goal is to get a handle on the types of sales that have a higher propensity of closing.

 

 

4 Comments on Do Special Conditions of Sale Affect Salabilty?

I've done this before while teaching my Real Estate Licensing class. Usually my message is "Not every seller sells with the same motivation."

04/28/2008 08:23 PM by Blogger To Be Named Later


I look at those numbers and say it is time to become a short sale expert in your market. I will be interested to see the results of your study.

04/28/2008 08:28 PM by Chris Compton (RE/MAX Greater Atlanta)


Excellent resource- I wish I had a handle on how to do easily do these kinds of charts in my own market!

04/28/2008 08:46 PM by Bo Buchanan, Blue60.com Directory for Real Estate Pro's & IllinoisHouseHunter (Blue60.com & Kettley Realtors)


Even with your tracking, the conditions are sometimes more site and/or seller/buyer specific than stats will indicate or recognize.

04/28/2008 08:55 PM by Heath Coker, Broker Owner (Cape Group Real Estate & REindex.com)


Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: Guy Johnson, MBA, EcoBroker (Chase International)
Guy Johnson, MBA, EcoBroker
Reno, NV
More about me…
Chase International

Office Phone: (877) 922-5900
Cell Phone: (775) 722-4011
Email Me

I regularly contribute to the Reno Realty Blog. This popular blog describes itself as "Musings on the Reno Sparks real estate market". Find it here: Reno Realty Blog

Guy Johnson, Real Estate Professional in Reno

View my My Zillow.com Profile profile



Links

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find NV real estate agents and Reno real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved