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Real Estate Housing area information request

Discussion in 'Real Estate Investing' started by Bilgefisher, Dec 19, 2007.

  1. Bilgefisher
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    Bilgefisher Bronze Contributor Read Millionaire Fastlane

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    I am looking for websites or resources that give information on housing markets. I found a house slightly outside of my area and I want to research that area. Any recommendations?

    Looking for things like:
    Median home prices
    Avg time houses sit on the market.
    number of houses on the market
    etc.
     
  2. andviv
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    andviv Gold Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

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    My best resource so far has been googling a few Realtors, send them an email describing my interest in the area, and ask them for this information. The good one will answer and start communication with you. Other will not reply. Others will give you a smart-a$$ reply. So send at least three and see who replies. I've done this with certain success in the past.
     
  3. JScott
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    JScott Legendary Contributor FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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    You can try zillow.com for info in a *very* specific area (like on a street or within a development)...
     
  4. Diane Kennedy
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    Diane Kennedy Bronze Contributor

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    ofheo.gov

    EVERY real estate investor should pull off their quarterly analysis reports on real estate markets.
     
  5. tbsells
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    tbsells Contributor

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    Be careful with Zillow. I've seen it be + or - about 30% in the market I work in. Andiv's right about contacting realtors in the market area. Ask them for the consumer accessible MLS in the area. It will give alot of information.
     
  6. Bilgefisher
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    Bilgefisher Bronze Contributor Read Millionaire Fastlane

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    Good replies. I will be checking into them. Ive actually used zillow and county assessor to determine median price. Tbsells you are right though. The one property I am looking at has zillow at 177k and the county at 217k. Zillow is affected greatly by recent sales and sales history of the prop. Since this is an REO property, I think the foreclosure has lowered zillows estimate a bit. What I love about zillow is seeing recent sales in the area. I found two properties that recently sold on that street that were smaller and sold for more then the estimate on this property.

    Thanks again everyone for the replies.
     
  7. Bilgefisher
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    Bilgefisher Bronze Contributor Read Millionaire Fastlane

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    Did a little more research and found a really good site.
    www.cyberhomes.com If you click on neighborhood info for the property. You get a laundry list of information.
    -area analysis
    -market info
    -demographics
    -several different types of maps.

    I also found this link at biggerpockets
    http://www.biggerpockets.com/house-value-comps.html
    It links 9 different analysis websites like zillow. Each has different positive aspects.
     

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