Home Buying in Sharpstown>Question Details

Big State Ho…, Real Estate Pro in Texas

what is the average dom in sharpstown, houston area?

Asked by Big State Home Buyers, Texas Fri Mar 15, 2013

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This question was asked from this property: http://www.trulia.com/property/1062392856-6200-Ranchester-Dr…

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From the information you provide, it appears as if you're an investor looking to turn homes quickly after renovation. My wife/working partner and I work with several such firms. Sharpstown has many "pockets" of housing. As of the moment, there are 23 properties on the market, ranging in price from $92,000 to $220,000. Over the past year, 164 homes have sold, from the $40's to the $200's. As is the case with much of Houston, it's a growing area, and prices reflect this.

As you can see, there would be no benefit to averaging the DOM's for such a divergent price range. Throw in the short sales and foreclosures, and the number becomes even more skewed.

I'd like the opportunity to discuss matters with you further. There are many investor-friendly locations, some of which are more preferable than others. Sharpstown, for example, doesn't have the best school zoning, while some adjacent areas are attractive to families because of the better educational situation. They could prove to be better investments for you overall.

Please get in touch with me via phone or e-mail below. I'm certain we can help. We look forward to hearing from you.

Regards ...

Al Geffon
(713) 213-6350
al@geffon.net
Web Reference: http://www.har.com/algeffon
0 votes Thank Flag Link Sat Mar 16, 2013
It will be difficult to obtain anything useful from the average DOM.

As stated, this would include short sales and REO with can have INCREDIBLY long lifespans.

As stated, this would include all types, such as condos, villas, town homes and single family homes.

As stated, this would include homes not comparable to the subject house.

As stated, the DOM would include blghted areas also.

Relevant, useful data, must be related to a defined real estate segment. The more well defined the segment the more useful the data.

In essence, more data needed.

Best of success to you,
Annette Lawrence, Broker/Associate
Reamax Realtec Group, Palm Harbor, FL
727.420.4041
http://RealEstateMadeEZ.us
0 votes Thank Flag Link Fri Mar 15, 2013
Are you looking to buy or sell in that area? I do know that a lot of investors and home buyers look for houses there. Feel free to contact me, I'll be happy to help you!

This is a link to our website: http://www.venturerealtyrei.com

I look forward to talking to you soon,

Maira Rondan
maira@venturerealtyrei.com
0 votes Thank Flag Link Fri Mar 15, 2013
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