I get several questions about the weekly Surterre Properties Best Buys program. This Q&A has been put together to help give you a better understanding of the program. It is based on the 59 properties that have made the weekly Best Buys list as of 5.3.08 and provides excellent information for evaluating the listing price of your home in order for your property to be considered a "Best Buy".
Q: What is the ratio of Surterre listings to the outside offices?
A: 61% Surterre and 39% outside for 59 listings
Q: What is the demographic area for sold properties, open escrows, and properties with current offers?
A: 9 have sold (5 NB, 2 NC, 1 CM, 1 DP)16 are in escrow (10 NB, 4 CDM, 1 LB, 1 CM)
4 have current offers on it (1 NB, 1 CDM, 1 LB, 1 NC)
Q: What is the average price reduction in my area and in all of the areas that has had properties on the Best Buy list?
A: For all 59 listed Best Buy listings the average price reduction from the original list price was 10.57%
- Newport Beach is 16.81%
- Corona Del Mar is 7.3%
- Laguna Beach is 8.22%
- Newport Coast is 12%
- Shady Canyon is 12%
- Other areas is 4%
Q: What was the percentage that the property sold at compared to the Best Buy list price and the original list price ?
A: For the properties that have sold, the sales price averaged 95% of the Best Buy list price and 80% from the original list price.
Q: What is the total inventory of the Best Buy list and the average list price?
A: Total inventory is $113,495,799 or $1,923,657 for the average list price
Q: What dollar volume of sales has the Best Buys list generated?
A: $15,084,750 in total - $10,184,750 from Surterre Listings and $4,900,000 from Outside listings
Q: How does Surterre’s inventory compare to other offices?
A: Surterre has $73,727,999 compared to other offices listings at $39,767,800
If you have further questions about the best buys program, please contact me at 949.885.6497 or
This entry was posted on Friday, May 9th, 2008 at 9:57 pm and is filed under Best Buys, Orange County Living. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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