NerdAlert: Cool Neighborhood-Specific Housing Charts

Submitted by Rich Toscano on August 14, 2008 - 2:44pm

I've already wasted a bunch of time tooling around Redfin's new (to me, anyway) neighborhood-specific data pages. They have inventory and price per square foot, among other things, but the cool thing is that it's by neighborhood and not by zip code. They even show you a little map of what they consider the neighborhood.

Don't read too much into these charts, though, because the price per square foot metric is only marginally accurate with these smaller data sets. Still, the charts can be useful in showing the prevailing trend. Perhaps the Redfin charts can supplement pigg esmith's excellent (more accurate, but less neighborhood-y) same-home price data.

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Submitted by sdrealtor on August 14, 2008 - 6:53pm.

Rich,
With the new Tempo5 upgrade a neighborhood field was added. The definitions of these neighborhoods is fairly haphazard and compliance among agents with regard to entering the neighborhood is miserable at best.

It's a start but I wouldnt rely on this measure for anything right now.

sdr

Submitted by temeculaguy on August 14, 2008 - 8:05pm.

I totally dig how you can select a zip code and choose to look at thumbnails of listings that reduced their asking price in order of how recently it was reduced. Super fun!

Submitted by Rich Toscano on August 15, 2008 - 11:52am.

Interesting sdr... though I suspect that they are not using the Tempo neighborhood field. The reason is that they have this neighborhood-specific data going back a whole year, predating the Tempo upgrade.

I suspect that they are using their mapping application to categorize properties based on address. I will see if I can find out what they are doing.

Rich

Submitted by Rich Toscano on August 15, 2008 - 2:00pm.

The nice folks at Redfin verified that the neighborhood categorization does not use the Temp neighborhood field; rather it is calculated using latitude and longitude of the property.

Rich

Submitted by sdrealtor on August 16, 2008 - 9:04am.

Good follow-up though I'm still suspicious as to how accurate the classifications would be. Still it's a start at trying to add some more value at the very least.

Submitted by urbanrealtor on August 17, 2008 - 3:23pm.

Value add would be nice.
Honestly, I really wish that our mls had the user friendliness of either sd lookup or redfin.

Really, I think we would be better served by some code monkey (sorry, engineer) building something new or by buying one of the more polished existing interfaces. There is no reason that an agent should be responsible for downloading activex controls and reading thru a geek-speak mini-publish. Nor should an agent have to make sure his browser is a compliant one that is up to date.

I am disheartened by this move toward user-frendliness somewhere between dos 6 and vista and all most scripting done client side. The irony is that it did not work with vista for months.

Submitted by yama on August 19, 2008 - 1:31pm.

A question completely off this topic:

I am novice to foreclosure and its outcomes. Recently on August 16th and 17th there was some home foreclosure auctions for San Diego and Riverside area respectively.

The auction site (http://ushomeauction.com/) shows you the homes auctioned. Has anyone been to one of these auctions? What happens when you buy a home.

What if you decide to buy a home from the auction and you have the minimum 5%+5%+ another 3-8 percent for down payments...

But then what happens to the rest that is due?
What if you don't qualify for a loan?

Well just got a ton of questions but I would appreciate some feedback on this topic.

Thanks,
Yama

Submitted by urbanrealtor on August 19, 2008 - 5:13pm.

Here is the link to my experience at one of these.

http://piggington.com/what_do_you_think_...

If you have questions that I did not answer sufficiently, please let me know and I will address them.

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