tag:blogger.com,1999:blog-91785903703336067942024-02-08T07:33:57.475-08:00Halstead Open House IndexArchive of weekly Halstead Open House Index reports. Statistics of attendance at open houses in New York City.Fritz Friganhttp://www.blogger.com/profile/01338330654547035031noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-9178590370333606794.post-59346652869527006042020-04-24T16:17:00.001-07:002020-04-24T16:17:32.355-07:00Halstead Open House Index - report from weekend of March 15, 2020<br />
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<span style="color: #36495f; font-size: 10.5pt;">Hello Halstead Open House Index
supporters and subscribers!<o:p></o:p></span></div>
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<span style="color: #36495f; font-size: 10.5pt;">How are you adjusting to this new
corona order of things? Is someone writing a screenplay or a book
with a working title “Open Houses in the Time of Coronavirus”? And
before I go into averages, just know that Midboro Management has
prohibited open houses in all of their buildings. I just heard that
50 Lexington Avenue did the same. Orsid Management sent a long e-mail
instructing owners and brokers on how they will operate during the
coronavirus siege. Did you get it? If not, e-mail me privately, I
will send it to you. Also, Tudor Realty cancelled all closings for
the time being. Share news from the front lines, and I will include
in my newsletter next week.<o:p></o:p></span></div>
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<span style="color: #36495f; font-size: 10.5pt;">As expected, <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001ZUKZ3I-fOKWHV0uZ_aGOkp7Ts-Xbh7vsmEbm9rlpoHqcOgw_W7613zUqi8QtsC47o3614me3z9lztSGsRUboGD0b48lCwMLHVmIL4ehJ3Q3YN9YriSwtFqMttO7ELKDWkWCrUiK-CvdqNhKUHsGbqfniEwotFPGl2y7MvCAiYscjRFdG1MWe3aIgbm7TlALIRlroyazDv2jgFLWAIXFsUx0xBbvDB4J8IvligDBMUPk%3D%26c%3Du_PWAx-zbUywsx-JwcVS6NSL5oZrcCP7aa_YC7Kk87teIMa_o_qlpQ%3D%3D%26ch%3D7I4sQX2YfL7lw6_8OSrbOrt2fcjO08FX95pefYonYpckoHtP8bP1KA%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C009000aa5796407bb5cd08d7cb6cd5ff%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637201540615887899&sdata=zig7Sst5skY04Ge3WIxOJQvxk%2F8cz0C0Wtzo1aSPBvk%3D&reserved=0" target="_blank"><span style="color: #1e88b4;">the average attendance in
NYC cratered</span></a> last weekend. The average fell to 2.36, from
181 open house surveys received. The number of open houses held last
weekend dropped dramatically. There were 3927 scheduled for Saturday
and Sunday, but it is a safe bet that much fewer were actually held.
There was a slew of e-mails on Saturday and Sunday morning informing
us that “open house was cancelled.” This is 28% less open houses
scheduled this past weekend compared to the weekend of March 8. On
average, each weekend this year, from January 5 to February 16, 5279
open houses were held. I expect the number of open houses planned for
this coming weekend to drop further. <o:p></o:p></span></div>
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<span style="color: #36495f; font-size: 10.5pt;">The average of 2.36 per open houses
is 42% less traffic, compared to the weekend earlier when our Index
recorded 4.10. In turn, 4.10 was 14% less than the weekend of March
1., when we recorded 4.77. And March 1 was 15% down from the weekend
of February 23, when we recorded 5.62 visitors per open house. All in
all, we are witnessing a 58% reduction in traffic at open houses from
February 23 to March 15. But not as bad as the stock market, which is
down about 33%, as I am writing this on Wednesday at 1pm.<o:p></o:p></span></div>
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<span style="color: #36495f; font-size: 10.5pt;">32% of open houses in our survey had
zero traffic. 58 open houses reported zero, out of 181 in our survey.
If that % holds across the board, it means that 1256 open houses last
weekend had zero attendees. Very gloomy!<o:p></o:p></span></div>
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<span style="color: #36495f; font-size: 10.5pt;">Still, some first open houses had
very good attendance, damn the crowds and risk of the virus! Accolade
for the most visited open house goes again to <b>Amelia Gewirtz
and Andrew Phillips from Halstead</b>. Their first open house
at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001ZUKZ3I-fOKWHV0uZ_aGOkp7Ts-Xbh7vsmEbm9rlpoHqcOgw_W7613zUqi8QtsC47VgAeecP4_TLkIHUH8-a1CnHC5VEw4IBk_NYG_5Kq-clc_3TlS4dGdR3alpPaDTelFr4u0XJIMWXuRXhTkw9WoDzITMFQ_38UtA0jxaZmdQBXmyOtVuiK9RP0HidoAM2oz-khSCpSFghcj1OzsvozYreR1GUwISnlfEtpfrjW2q3g2xJQIIYvFg%3D%3D%26c%3Du_PWAx-zbUywsx-JwcVS6NSL5oZrcCP7aa_YC7Kk87teIMa_o_qlpQ%3D%3D%26ch%3D7I4sQX2YfL7lw6_8OSrbOrt2fcjO08FX95pefYonYpckoHtP8bP1KA%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C009000aa5796407bb5cd08d7cb6cd5ff%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637201540615897898&sdata=jPULPL%2F6WHtUQ686n%2F37QxxBnxYLU05kRTEj2zRuwf0%3D&reserved=0" target="_blank"><b><span style="color: #1e88b4;">146 ½ Java Street</span></b></a><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001ZUKZ3I-fOKWHV0uZ_aGOkp7Ts-Xbh7vsmEbm9rlpoHqcOgw_W7613zUqi8QtsC47fHt-R-lD31YzAULPoE1SuT-PYRCvh38f5P4LBaIUyrw0Jx9bdADjwUrft9f8Y6ZiTH-SjaV2mxXUSg2ZtqOI07iFKx9_S9W_-Y-vBjvsSWlUtdpuYai1yWXXw_hbSllWHoaYKj26YjsCz0GjQahryQaz4TZqQuDdeuirFYOkHhct13MCOKQR3-YgjoeRwzGUACju7DVdpMJAw0WshgAmAJXXaV4_8pfElEFwtsFQErxUvk63lRSGbeDtRwcbTsoGZYlK1hQXx5y5N5RkHUrk9Lie-9sClqshjVUEnssBO-DAMXIptrar1unggKSMVG_ByS5ocIuDZN_kG7v1whIjG5pKceJKhmiUatXSIz0DOVXwDaFx8zv6bem_MDPhYgcMrNVL0lznD3uOTvd9miu1lnKuA4GfEZn24j9XMqz1hTkK440UzoqiyAVYXoMxAPdNLDu-OoeALvuFqaEIi8vmaGU2O-WdbGzNfDmlH3ePPIwkdYdexafM7iG6O8sDTzvLUgQJVYysPMqbeMkgkoixInEdFiFCXylgg05bFMqfjDvTIhc9LmPn0Grwd97NHUnCJPWusLaiuViqwOMyMyvJQaCx-S2f1fGNL8JyBNz6jxE%3D%26c%3Du_PWAx-zbUywsx-JwcVS6NSL5oZrcCP7aa_YC7Kk87teIMa_o_qlpQ%3D%3D%26ch%3D7I4sQX2YfL7lw6_8OSrbOrt2fcjO08FX95pefYonYpckoHtP8bP1KA%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C009000aa5796407bb5cd08d7cb6cd5ff%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637201540615897898&sdata=8wJP40umxaJrzVZCVIk9GuhCYAZrF4ZjYYERr16Do1U%3D&reserved=0" target="_blank"><b><span style="color: #1e88b4;"> </span></b></a>in
Greenpoint attracted 32 buyers! Here in Amelia’s words: “<i>Not
even CDC could stop the crowd from beloved 146 ½ Java premier open
house! Wow! 5 offers, multiples over ask, within 2 days. Think
positive NYC, we will get through this. Hong Kong is back to eating
at outdoor cafes</i>!” Top four open houses by the number of visitors
were in Brooklyn. <o:p></o:p></span></div>
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<span style="color: #36495f; font-size: 10.5pt;">According to my estimate, there were
roughly 2453 buyers hopping from one open house to another this past
weekend. Margin of error: huge. <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001ZUKZ3I-fOKWHV0uZ_aGOkp7Ts-Xbh7vsmEbm9rlpoHqcOgw_W7613zUqi8QtsC47OOUzP9e9l-NXgmhGOCjvsJYdZ8GP3D0AUpNiGnTKhVyH9KpuY_V0CWdnP76eeQFUQvxYqWToWShknMC3bS1Yf_Zxmn2fGq8hdfFE3rrGtxal-Ev16CRiPGvaekZM-6O5Q0kmpCaN2UwOcL_-Uh41FG1Al-lUXR35bkR1Tz0CyW4%3D%26c%3Du_PWAx-zbUywsx-JwcVS6NSL5oZrcCP7aa_YC7Kk87teIMa_o_qlpQ%3D%3D%26ch%3D7I4sQX2YfL7lw6_8OSrbOrt2fcjO08FX95pefYonYpckoHtP8bP1KA%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C009000aa5796407bb5cd08d7cb6cd5ff%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637201540615907892&sdata=CoTk01Q6wyarwHfYRxlRh9rl7U%2Bw6VfYLpnEvqz8x8g%3D&reserved=0" target="_blank"><span style="color: #1e88b4;">Here</span></a> is the
dataset. Let’s check the action in each borough: <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">Manhattan</span></b><span style="color: #36495f; font-size: 10.5pt;"> – the average fell to 1.79 per open house. It
was 4.03 the weekend earlier, a 55% drop!! Shocking to see UWS below
the average with 1.73 from 22 open houses. UES was above the average
with 2.68 from 31 open houses. Midtown East was dreadful with 1.03
from 29 open houses. See the rest below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">Brooklyn</span></b><span style="color: #36495f; font-size: 10.5pt;"> – the average fell to 4.62, not bad when
compared to weekend prior of 4.88. Just 5.3% drop for Brooklyn. If we
remove top three record open houses (with 32, 15 and 15 attendees),
the average drops significantly to just 2.77. Perfect example how
small sample sizes in statistics skews the averages. See all details
below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">Bronx</span></b><span style="color: #36495f; font-size: 10.5pt;"> – the average dropped to 2.00 per open house,
from 2.31 the weekend earlier. Just two surveys received from the
Bronx agents. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">Queens</span></b><span style="color: #36495f; font-size: 10.5pt;"> – the average dropped to 3.54, from 5.23
recorded the week earlier. 32% drop in Queens. 13 surveys received from
Queens, so again: beware of the small sample sizes. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">Staten Island</span></b><span style="color: #36495f; font-size: 10.5pt;"> – 1.5 attendees on average from two open houses
received from the Richmond County. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">Size</span></b><span style="color: #36495f; font-size: 10.5pt;"> – JR4s and 1BRs apartment were most visited
(2.75 and 2.53 respectively). Slow at studio open houses with 1.52. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">Price</span></b><span style="color: #36495f; font-size: 10.5pt;"> – Best traffic in $2M-$3M range (5.62), helped
with those record open houses in Brooklyn. Slowest was in $3M+ range
and $1M-$2M. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">Condition</span></b><span style="color: #36495f; font-size: 10.5pt;"> – the wrecks (8.00) won this time, and
“excellent/mint” (2.58) came in second. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">First Open House</span></b><span style="color: #36495f; font-size: 10.5pt;"> – again large premium for first open houses
(5.13) vs. just 1.79 for the “stale” ones. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">By Appointment Only</span></b><span style="color: #36495f; font-size: 10.5pt;"> – “Normal” open houses saw 2.55 attendees and
“by appointment only” just 1.71. Huge increase in number of By
Appointment Only open houses: 22% this past weekend, vs. just 7% the
weekend prior. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">StreetEasy</span></b><span style="color: #36495f; font-size: 10.5pt;"> – just eight open houses were marked as not
being on StreetEasy and their traffic was 1.63. 173 open houses that
were advertised on StreetEasy recorded attendance of 2.39. 27% premium
for advertising on StreetEasy. <o:p></o:p></span></div>
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<span style="color: #36495f; font-size: 10.5pt;">This is all for today. As the last
week, I decided to share some of the most interesting comments you
left in the survey (to see them all click on the dataset).<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">Miles Chapin</span></b><span style="color: #36495f; font-size: 10.5pt;">: “<i>Normally I would have thought about 25-30 people
would show up for the first OH for this landmark townhouse in the
Hunter's Point Historic District. We had at least 12 (that many
signed in, but it was a bit of a madhouse) which is a dozen more than
I was expecting.”</i> <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">Mallory Brown</span></b><span style="color: #36495f; font-size: 10.5pt;">: “*<i>Has 900sf of private outdoor with outdoor
kitchen. Can’t believe we had so many people. I thought it would be
ghost town. We are pulling off the market tomorrow- hoping one of
these interested parties (or more than one!) make offers even though
we will be off market. Multiple parties say they are submitting but
they said that last week and nothing happened - so needless to say,
we are taking this day by day</i>.” <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">Doreen Mangan</span></b><span style="color: #36495f; font-size: 10.5pt;">: “<i>Exactly half the number of groups who visited
last Sunday, which was the first open house. I was pleased with the
turnout, given the current environment. Some seemed to be beginning
their search, but there were serious buyers there, too. I had
booties, disposable gloves, Lysol wipes, etc., as before. As I
mentioned last week, there's tight inventory in Washington Heights
for apartments this size, and they're in great demand. We have one
offer, and expect more.”</i> <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">Milutin Nikodijevic</span></b><span style="color: #36495f; font-size: 10.5pt;">: “<i>I was very surprised that I had 8 people given
all the external factors in play. It was the second open house. The
first one had 6 people and no SE exposure. For this open house I did
put it on SE. I have 2 offers on the apartment.”</i> <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">Bridget Harvey</span></b><span style="color: #36495f; font-size: 10.5pt;">: “<i>At this price point & for first open house,
we usually have at least 20 parties. I wasn’t sure what to expect,
and 6 parties meant I was able to sanitize between parties, so I’m
counting as a success.”</i> <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">Chris B Georgakopoulos:</span></b><span style="color: #36495f; font-size: 10.5pt;"> “<i>The buyers were out and about Sunday -
Hallelujah! Perhaps it was the glorious weather or maybe a feeling of
resistance against any interruption of a well thought out life plan.
How strong is our desire for security and comfort that even in the
midst of a pandemic, we through caution to the wind and take flight
to safety via house hunting. There's nothing more secure and
comforting than owning a home. The ultimate place to self-quarantine.
Sending blessings to all.”</i> <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">Joanne Gay</span></b><span style="color: #36495f; font-size: 10.5pt;">: “<i>Outdoor space. FYI. My open house was shut down
by the building after 25 mins. Not notice was given to owners not to
have open houses. We are in new territory for sure!”</i> <o:p></o:p></span></div>
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<span style="color: #36495f; font-size: 10.5pt;">Best of luck at your open houses
this weekend. Share your experiences, this shall pass too.<o:p></o:p></span></div>
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<span style="color: #36495f; font-size: 10.5pt;">Wash your hands and the best advice
I heard on Twitter was: Behave like you already have a virus and you
do not want to give it to anyone!<o:p></o:p></span></div>
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<span style="color: #36495f; font-size: 10.5pt;">See below the line chart of
attendance in 2020. The week between Feb 23</span><sup><span style="color: #36495f; font-size: 9.0pt; position: relative; top: -2.5pt;">rd</span></sup><span style="color: #36495f; font-size: 10.5pt;"> and March 1 was when first case of Corona virus
was announced in NYC. The chart tells you all that you need to know! <o:p></o:p></span></div>
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<span style="mso-fareast-font-family: "Times New Roman";"><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001ZUKZ3I-fOKWHV0uZ_aGOkp7Ts-Xbh7vsmEbm9rlpoHqcOgw_W7613zUqi8QtsC47jc_VMPHHn9xZtgsX4yUOT9s2N6XUBeDAkLu5DpeNDiAWiC9SFaQyPRDSJLwQbdWHDso4B1kyY04xxV3rT7tE2iaB2WmnLnykBmpGBMZZ24q8LzTpz2Jfh3cw5tJOpAS-A-ri6b-yueOspHkA1HbgUpzwAmEGuBz7dztsfH7jiPY%3D%26c%3Du_PWAx-zbUywsx-JwcVS6NSL5oZrcCP7aa_YC7Kk87teIMa_o_qlpQ%3D%3D%26ch%3D7I4sQX2YfL7lw6_8OSrbOrt2fcjO08FX95pefYonYpckoHtP8bP1KA%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C009000aa5796407bb5cd08d7cb6cd5ff%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637201540615907892&sdata=Bt6j2LaG9IPNP5m2y76per9%2F72IOitlC%2FkRuK%2FlmNAc%3D&reserved=0"><span style="text-decoration: none; text-underline: none;"><img border="0" class="" id="_x0000_i1026" src="https://files.constantcontact.com/635105d8401/674a66f7-1d27-4f16-9ad7-58323cf28057.png" style="display: block; height: auto; max-width: 100% !important;" width="620" /></span></a><o:p></o:p></span></div>
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<span style="color: #36495f; font-size: 10.5pt;">PS: Do not forget to check my
reports on my blog at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001ZUKZ3I-fOKWHV0uZ_aGOkp7Ts-Xbh7vsmEbm9rlpoHqcOgw_W76137pt3i-FTyau0jLEtMdsJN7UA_AadhYiApfzqEWUVOpjWQeWliqiOu0leJ8EnFn1eETryS3yodlMYI3o2U2xunwpZfbBes4wC-2XURhuru2xAc2b1C0ehZc%3D%26c%3Du_PWAx-zbUywsx-JwcVS6NSL5oZrcCP7aa_YC7Kk87teIMa_o_qlpQ%3D%3D%26ch%3D7I4sQX2YfL7lw6_8OSrbOrt2fcjO08FX95pefYonYpckoHtP8bP1KA%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C009000aa5796407bb5cd08d7cb6cd5ff%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637201540615917882&sdata=iSdvwU3m0cGrDEr5PEMrHtZG5DyV9ykBFWAnu2VSZeA%3D&reserved=0" target="_blank"><span style="color: #1e88b4;">https://halsteadopenhouseindex.blogspot.com/</span></a>.
Also, check the link to <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001ZUKZ3I-fOKWHV0uZ_aGOkp7Ts-Xbh7vsmEbm9rlpoHqcOgw_W7613zUqi8QtsC47OOUzP9e9l-NXgmhGOCjvsJYdZ8GP3D0AUpNiGnTKhVyH9KpuY_V0CWdnP76eeQFUQvxYqWToWShknMC3bS1Yf_Zxmn2fGq8hdfFE3rrGtxal-Ev16CRiPGvaekZM-6O5Q0kmpCaN2UwOcL_-Uh41FG1Al-lUXR35bkR1Tz0CyW4%3D%26c%3Du_PWAx-zbUywsx-JwcVS6NSL5oZrcCP7aa_YC7Kk87teIMa_o_qlpQ%3D%3D%26ch%3D7I4sQX2YfL7lw6_8OSrbOrt2fcjO08FX95pefYonYpckoHtP8bP1KA%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C009000aa5796407bb5cd08d7cb6cd5ff%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637201540615917882&sdata=yHr6uTw%2BAl91X1a92Pgk1iF5%2BZs0MPuzThAraSy61eM%3D&reserved=0" target="_blank"><span style="color: #1e88b4;">dataset</span></a>. (in
the comments section you may find the exact address of the property,
or if there was a recent price drop, outdoor space, etc.)
<o:p></o:p></span></div>
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<span style="color: #36495f; font-size: 10.5pt;">Best regards,<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-size: 10.5pt;">Fritz Frigan</span></b><span style="color: #36495f; font-size: 10.5pt;"><o:p></o:p></span></div>
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<span style="color: #36495f; font-size: 10.5pt;">To Sign Up to Receive Halstead’s
Open House Index Report</span><span style="color: #1f497d; font-size: 10.5pt;"> </span><span style="color: #36495f; font-size: 10.5pt;"><a data-segment-action="add" data-segment-id="dc5f1b50-6428-11e8-aee1-d4ae527536ce" href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001ZUKZ3I-fOKWHV0uZ_aGOkp7Ts-Xbh7vsmEbm9rlpoHqcOgw_W76134-UN4nK7hZ9ktJo0wx5bBybKi57bu28v8sCyJyo_HVMQft4dCp0KhnLvuZsB0tKtS-jGen9HiOmPXMexPoAXBQ9LugKJqEoyREMVMNbMCVRXt8dqgQL3ZfVbLuZmdcVv_PbGCPsCDO38iJZcR2uTWmUPFqHBB6UCFJ4skaBU59c5qwgbhEjqzxZCKgGnLfnk5fNEu7_40WHP5WIlUzNhp0xXL9x5HuePBGwM6gYxoCpVhuOKJ1h48VGmwQfarGMLLmSlBTt84aSVo4KAkVk_O5vihVQ4WQtRfe-1670DkHR8pcMf7tTghD60kWQiV2Jv64FOA2BiqBZA6BppxhFscaRIF2W1IrpAzO8CR9uibGUtHZA_VgdXCxbE71wcgXCzdepm92_iTUg7FRibUXnGwo5Fw2r85hRtBX5ftQdQWtv5b5q9UOmhoEyKs-PVJJVkSFyDTP5VN2fcOsjm8n4_pwXJiLUL9tih2xFci3Owd7B5ObBFDRDbI3BPF6DPUFS6aRp9kKPHgwbmI1Yy9aAenqlnw-gJXqzCAqkf19Q27K4gFW72ys1MVOVFfhqEbuqvYVwpregPUighNIUWAueKG7lSkltpbIy2vj6199yzBGJ59zwo1l4xgoZUJN8EJgaRt13kjlcg4UzLLygz1k9WkBLsdJUbiyDJg86DYyxZEOGVIIX0jH7FglWS1DvytoyQC6UDbJRe6HmMoOzETl3go1tuA_mKEy1Ip5dNYyEc1pc8vYAW-4_1FcUUNc2u1WZHff_RPqXHBSFo6MnWohajft7T_pSKd7JLWWrJ5R1sXBB-X5Qb5eawjwRPsgyK_1KhjlG1RzO-H1xaQI7AZrJ0738PiVKGPlve1E5IFNB7kC_qPnFqFoN06Pb1n-er7hwm5tWfQStlz3-2cq7uCqLPcd9wZjZ3lOtFq0-EBoDaxJikAd7dW-_SXW856XLrKESoBG7gxZKNA-AK-h9kvNvlaa4fv2If4CAD_1yxeX_eeyYGsnG_NBsSxVLU_k94WlLoajV3MeUFfQz2vszQwmjYznPFxq9DcUcOHQDlWNxtRoDON_467a1sJjhk1lrF7whyL_q76y1XMZJb-Ms7364rg0PRBmOH818a_ajbiYWzdsMKoDUU-2L0CnbhsxVdcTfYKpnQ004YOevn43PPZpiKWsaFJ_ciTJaV98JaPa534FA0w5QaYnDjrd2QuXzTo6L0NAqK1rEVRBKwOI1JmEigg9SfiUtjYEclLT3mSZ-rtczvhRNFiAktezg4MLgfeSLKqFDK4b6JvBP6rHtT7gJKrksjvQZpxF6rH01OTPuRcSzgtGCYkUNPMY%3D%26c%3Du_PWAx-zbUywsx-JwcVS6NSL5oZrcCP7aa_YC7Kk87teIMa_o_qlpQ%3D%3D%26ch%3D7I4sQX2YfL7lw6_8OSrbOrt2fcjO08FX95pefYonYpckoHtP8bP1KA%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C009000aa5796407bb5cd08d7cb6cd5ff%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637201540615927880&sdata=7VZ90qzVHEJqjo3GQb9ayaA9Ie44FKegZt96YqUkDpc%3D&reserved=0" target="_blank"><span style="color: #1f497d;">Click Here</span></a> <o:p></o:p></span></div>
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<br />Fritz Friganhttp://www.blogger.com/profile/01338330654547035031noreply@blogger.com0tag:blogger.com,1999:blog-9178590370333606794.post-47688756501131414252020-03-12T09:34:00.001-07:002020-03-12T09:34:08.729-07:00Halstead Open House Index - report from weekend of March 8, 2020<br />
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Good morning
Halstead Open House Index contributors and followers!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001yG7vTlE-qiswRsfxbq_EeYfBro7wWxwcVdoimHZLWxIJQiGtTrCiA7qaRnXP1DzLSnHCO3mqBsFSAhfc_LJBCihLzXlcslyw00ONcG4jyda-NbPV4XEzYt79iWtOaKyD8g0J7-Oehnxy4me_hGP-LBVuju76NXhkmSU2l9RHDTfTpaP9kBw1TIpx-klJaA-h1NO30OIhyFyjFMiuJohv3SrkcWd2Lc1qMEp_XcmSlOA%3D%26c%3DsSLVewWsrg9NVRRuqNUdqGlRthQqE5p36w486Z7t65Lp8WeW_6ChzA%3D%3D%26ch%3D0FwcyiCeu-L1ZwJVp1Mxgkv5oBpa8nuumOmQaC6XmAyhq-nV6XUmjQ%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C01e81489397748d973f708d7c69b0f2f%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637196241592465587&sdata=FegIsy0K4%2B5S10QaJYmoYAmaboLVI1zngoym0lwSOno%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001yG7vTlE-qiswRsfxbq_EeYfBro7wWxwcVdoimHZLWxIJQiGtTrCiA7qaRnXP1DzLSnHCO3mqBsFSAhfc_LJBCihLzXlcslyw00ONcG4jyda-NbPV4XEzYt79iWtOaKyD8g0J7-Oehnxy4me_hGP-LBVuju76NXhkmSU2l9RHDTfTpaP9kBw1TIpx-klJaA-h1NO30OIhyFyjFMiuJohv3SrkcWd2Lc1qMEp_XcmSlOA=&c=sSLVewWsrg9NVRRuqNUdqGlRthQqE5p36w486Z7t65Lp8WeW_6ChzA==&ch=0FwcyiCeu-L1ZwJVp1Mxgkv5oBpa8nuumOmQaC6XmAyhq-nV6XUmjQ==" shash="IrRKeq4dt/ne8bK+LeBZNNXlzRtKX0mz/exU/OCxOE1VUJDkgpuh0dGXdV8yMXqXRzcM7cinivQPsPKxa+8ba1XGcEXMQQ3cKi3CgEgUym2Ohh1RynXcK2IutdMDWXUg8266hIKGKGq75K+tRemM22Y5lfluOpSPygJnrpO29ls=" target="_blank"><span style="color: #1e88b4;">The numbers are in</span></a></span><span style="color: #1e88b4; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">from the 2</span><sup><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 9.0pt; mso-fareast-font-family: "Times New Roman"; mso-text-raise: 2.5pt; position: relative; top: -2.5pt;">nd</span></sup><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> weekend after the coronavirus
was detected in New York City, the fear and worry is creeping in, and
in our field, everyone is asking: how is this going to affect buyers
and sellers of real estate? <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Before I
come to my weekly recap of the last weekend’s numbers, quick note.
Yesterday morning I inserted one more question in the survey: “Is
Your Listing On StreetEasy?” By this morning I received 15 new
replies and you can read the numbers on the bottom. As the number of
listings labeled “Not on StreetEasy” is growing, I think it will be
interesting to track the open house traffic in this category.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">So, here
they are. The average attendance last weekend in New York City was
4.10 per open house. I received 340 replies, fantastic increase of
25% from the weekend prior, when we received 270 surveys. So, does
this number indicate that panic over the virus is affecting the
market? I’d say yes, but it is more complicated; it is the virus AND
the stock market. Of course, these two are connected. The buyers
really do not want to liquidate their stocks in order to pay for real
estate. When one’s portfolio is down 20-25%, this is a reasonable
position to take. With nervousness about their decimated stock
portfolios comes insecurity about real estate valuations. If buyers
feel that values of real estate will further depreciate because of
the virus and financial instability, they will postpone their
decisions to buy. In the short run, in my opinion. If we are able to
replicate Chinese efforts in curbing the virus, then by mid-July or
early August we should see the markets and buyers confidence coming
back to normal. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Let’s put
this number 4.10 into perspective. On February 23</span><sup><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 9.0pt; mso-fareast-font-family: "Times New Roman"; mso-text-raise: 2.5pt; position: relative; top: -2.5pt;">rd</span></sup><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> (before the virus news) the average was 5.62 per
open house. Followed by the drop of 15% to 4.77 per open house on the
weekend of March 1 (after the news about the virus in NYC broke out).
This followed by another 14% drop in traffic, from 4.77 to 4.10 this
past weekend. 4.10 per open house represents the slowest weekend in
the first quarter of 2020. The true indicator will be to watch the
traffic at the rest of the weekends in March and early April. A
number of you also left me interesting comments in the surveys, I
decided to print some of them at the bottom of this
report. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">44 open
houses reported zero traffic, this is 12.9% from all surveys
received. Last weekend that percentage was 11.5% and the weekend
before that it stood at 9%.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The most
visited open house honorary mention goes to <b>Zoe
Kellerhals-Madussi from LG Fairmont</b>. Her first open house at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001yG7vTlE-qiswRsfxbq_EeYfBro7wWxwcVdoimHZLWxIJQiGtTrCiA7qaRnXP1DzLCIQ_wRBBby9u4u-7GiuJMAhy3mDwbbOon7IFnklRe05xndLvtX0TEL93GN8SWr66fx_IJy7ZVnQ7G_E7cUU-vA-b7uOfCud9llglWnxfR_l0uvKkNLTM-2DMEYBzjHOMh09Npg4ktCA%3D%26c%3DsSLVewWsrg9NVRRuqNUdqGlRthQqE5p36w486Z7t65Lp8WeW_6ChzA%3D%3D%26ch%3D0FwcyiCeu-L1ZwJVp1Mxgkv5oBpa8nuumOmQaC6XmAyhq-nV6XUmjQ%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C01e81489397748d973f708d7c69b0f2f%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637196241592465587&sdata=TNziJnuFW98PvfTjUsRvMwUPHCInMzaJSX8BsrmHVic%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001yG7vTlE-qiswRsfxbq_EeYfBro7wWxwcVdoimHZLWxIJQiGtTrCiA7qaRnXP1DzLCIQ_wRBBby9u4u-7GiuJMAhy3mDwbbOon7IFnklRe05xndLvtX0TEL93GN8SWr66fx_IJy7ZVnQ7G_E7cUU-vA-b7uOfCud9llglWnxfR_l0uvKkNLTM-2DMEYBzjHOMh09Npg4ktCA=&c=sSLVewWsrg9NVRRuqNUdqGlRthQqE5p36w486Z7t65Lp8WeW_6ChzA==&ch=0FwcyiCeu-L1ZwJVp1Mxgkv5oBpa8nuumOmQaC6XmAyhq-nV6XUmjQ==" shash="odUaFgCfaLew8SaZS8g5D/YIGvFRMQlwtk2fh4czPQI5NzQ93IrvUORQgZ5QKl3aYjMLd+L6bTSls11UIYIDiblqEvsS62LJyr0HQzD/6Y+SMMzMe/TrDxE18MJY9ivNKgVcZlUOO5wiGhisgXgPFFqAiKkwXrrMxJ3Xvd6BXHQ=" target="_blank"><b><span style="color: #1e88b4;">340 E 80th Street</span></b></a> attracted
31 parties! (who is afraid of virus on Upper East Side?). Here, in
her own words: “<i>Hi Fritz, wow so cool. Thank you! Answers
below. 1.Why was your exclusive so attractive? The exclusive was
attractive because the price is right and the layout is great. It
needs work but it ticks off all the boxes in terms of the essential
needs one would seek for in an apartment. 2. </i> <i>How
did you handle the crowd? We were very surprised to see so many
people. The building requires we bring attendees up from the lobby so
two agents from our team were present. We just let attendees do their
thing. We have been doing second showings all week. 3.</i> <i>Any
offers? Yes multiple offers. We are considering accepting one by the
end of the day.”</i> <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001yG7vTlE-qiswRsfxbq_EeYfBro7wWxwcVdoimHZLWxIJQiGtTrCiA7qaRnXP1DzLVGnbEsAjDRXXHkLyHz7iNM7Nup7giY0FW47zJ71GM93ABQZ-ET8iemsgGH3sDClDCELoJPUJeq7tlp_2uQaQRO4WI6Qz897Hmiu3QS9WOm3HFljJEhrWoUN_EjqzlMPmEXOMiHC_usmQyiyfGjMH7Uqqc0ll1ER3m7Sg00izs4E%3D%26c%3DsSLVewWsrg9NVRRuqNUdqGlRthQqE5p36w486Z7t65Lp8WeW_6ChzA%3D%3D%26ch%3D0FwcyiCeu-L1ZwJVp1Mxgkv5oBpa8nuumOmQaC6XmAyhq-nV6XUmjQ%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C01e81489397748d973f708d7c69b0f2f%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637196241592475581&sdata=a2WFUQp%2BLur0AyQBAnRYfHlAGSUJPvUUu6Ityq7qCoA%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001yG7vTlE-qiswRsfxbq_EeYfBro7wWxwcVdoimHZLWxIJQiGtTrCiA7qaRnXP1DzLVGnbEsAjDRXXHkLyHz7iNM7Nup7giY0FW47zJ71GM93ABQZ-ET8iemsgGH3sDClDCELoJPUJeq7tlp_2uQaQRO4WI6Qz897Hmiu3QS9WOm3HFljJEhrWoUN_EjqzlMPmEXOMiHC_usmQyiyfGjMH7Uqqc0ll1ER3m7Sg00izs4E=&c=sSLVewWsrg9NVRRuqNUdqGlRthQqE5p36w486Z7t65Lp8WeW_6ChzA==&ch=0FwcyiCeu-L1ZwJVp1Mxgkv5oBpa8nuumOmQaC6XmAyhq-nV6XUmjQ==" shash="ZJIwL6VZmHzPruSE1XOwWEUafaVtuTTkVfZpvULlsZmBLT+KYxqjcRFrIQ8jnniLVV68KCWLsVFXKq8+28rve5R6ac7WXLVRAs70co+6o9SDFknOchUr/fAl7myWlVsWnLFUgzuQlNRV9IuHRUk8tWQfJ4aUU8A+JwASY27rU0g=" target="_blank"><span style="color: #1e88b4;">Here</span></a> is the dataset. Let’s check the
action in each borough: <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Manhattan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average dropped to 4.03
per open house, a drop of 14% from the weekend earlier. Busy in Other
Upper Manhattan Areas (8.25) and Soho & Tribeca (8.00), East
Village (5.60), Chelsea (4.89). Upper West Side (4.80) and Upper East
Side (4.54) were above the average. Slow in Midtown West (2.17),
Midtown East (2.74) and Harlem (2.68). Last year, on March 10, 2019
weekend, the average was 3.34 - and there was no virus or Dow
Jones madness then! See the rest of the numbers below and beware of
the averages with small sample sizes. We received 264 responses from
open houses in Manhattan. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Brooklyn</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average dropped to 4.88,
from 5.53 recorded the weekend earlier, an 11.75% drop of traffic in
Brooklyn. Busy in Crown Heights (12.00), Fort Greene (9.50) and
Park Slope (7.50). Slow in Dumbo (2.00), Bed Stuy (2.00) and Cobble
Hill (2.50), but again: beware of the small sample sizes. We received
42 replies from Brooklyn. Last year, on March 10, 2019 weekend, the
Brooklyn average was 4.13. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Bronx </span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">– the average dropped to 2.31 per
open house, from 4.10 recorded the weekend earlier. We received 16
replies from the Bronx open houses. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Queens</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average went up, to
5.23, from 4.33 recorded at the weekend prior. Anything is possible
with low sample sizes – we received just 13 replies from the Queens
open houses. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Staten
Island</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – two
visitors at one open house reported from the Richmond County. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Size</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – Multi-units buildings were
strong with 7.67. Among apartments, 1BRs (4.79) and 2BRs (4.39) had
the most traffic. Slow at studio open houses with 2.46). See the rest
below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Price</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the most traffic was in
$1M-$2M price range, the slowest in $3M+ range. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Condition</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – fairly equal distribution
this week, somehow “Mint/Excellent” condition lagged with 3.80 per
open house. Are you placing a bit too much value on the renovations? <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">First Open
House</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – 291%
more traffic at first open houses vs. at the “stale” ones. 9.21 vs.
3.16. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">By
Appointment Only</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – 74% more traffic at “normal” open houses vs.
those advertised “by appointment only”. I think with the virus issue
we will see a shift to more open houses “by appointment only” or to
no open houses at all! <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Listing on
StreetEasy</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">? – received
just 17 replies, so don’t make much of the averages, the sample is
too small. 5.87 for StreetEasy “YES” and 5.00 for StreetEasy “NO”. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">As promised,
I am quoting here some comments I received from you this week:<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Mallory
Brown Bogard</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">: “<i>Terrace (private) is the crown jewel of this
home. 900 sq ft with outdoor kitchen, green egg smoker, custom wood
sectional seating, and more. Glad the coronavirus didn’t keep the
buyers away!!”</i> <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Doreen
Mangan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">: “<i>I was
pleased with the turn-out, given virus concerns. Was ready with
booties, disposable gloves, and Lysol wipes. Of the 18 parties,
possibly three were neighbors. There isn't much inventory for an
apartment this size in Hudson Heights/Washington Heights at the
moment, and at less than $1million, in a lovely coop, there is a
great deal of interest</i>.” <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Peter Poljan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">: “<i>Might be interesting to know
how many people are doing by appointment open houses due to
coronavirus</i>.” <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Debra
Hoffman</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">: “<i>I
wanted to mention that we just dropped the price on this apartment to
the basement and only had three attendees. I am beginning to wonder
if fear of going out and the coronavirus is affecting open houses.”</i>
<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Beth
Gittleman</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">: “<i>Despite
interest rate lows, the fear of the coronavirus and daylight savings
we think were very impactful this past weekend</i>.” <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Nicole
Beauchamp</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">: “<i>I look
for the index weekly, find it valuable to see data from other open
houses and notes from fellow agents. This was first open house since
the week of non-stop corona virus news in NYC- and I wonder if that
had any impact on people coming out at all. Very curious to see what
others experienced today. This was the third open house for this
listing, and the first one where we had zero attendance</i>.” <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">On another
note – I think it is high time for all of us in the brokerage
industry to get truly politically active. Political winds from Albany
and the City Council are so damaging and unfavorable for our
industry. Poorly written rental laws from June of last year (with so
many unintended, bad, consequences) is just one example. The
pied-a-terre tax law, if passed, will be devastating. We need to
start supporting political candidates with some common business
sense. Let me know what you think.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Lastly, I’d
like to hear from you more about how the virus issue is affecting
your business? Do you see sellers taking their properties off the
market? Or delaying placing them on the market? Do you see buyers
pulling out of deals? Do you see buildings forbidding open houses?
Share here and I will print your comments next week!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Best of luck
at your open houses this coming weekend. Weather forecast is good for
Saturday and Sunday. Keep up the good work and encourage your
colleagues in the industry to participate in our survey.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Fritz<o:p></o:p></span></div>
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<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; min-width: 100%; mso-padding-alt: 0in 0in 0in 0in; mso-yfti-tbllook: 1184; width: 100%px;">
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">PS: Do not
forget to check my reports on my blog at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001yG7vTlE-qiswRsfxbq_EeYfBro7wWxwcVdoimHZLWxIJQiGtTrCiA7qaRnXP1DzLH5hOW_9T6w7HSGJCr2M0l4qvQTU08mZx0ivBT8Q0eWawr53g6XiIgSFAjZwxa0eRtho9OGLKUMkIZcPGp5xi4TGzG1G8-QFLFzvkWmyC2Hk2wLBFaKGGLzukNOzWPt2GBFWZS7KjXMC_2lrh1g6RORuNNx-beUKY4xem5lbmQu6TXfmfBKcMKghZsW_PrsAmxdpWQLAdpk8pRYDpyPf5xfA4EdqqUxt_7xqDiHErXTbqY4iG5UmdLThhNlBfh5AksSiIHam5FSdiZDrQ4u4pfqZ1Jcj-RoA8hcKTFL0vxFSuN9_B3lR3AbBiASD59JsG82LXEz7tiMUTUqcUqZzfWHGQOiIY1n0SbpR6omvfYww5ciDVgGqw6UqWx5hyVZQzaMNwznrSrCg4idCc-aK2zoVH3Mwtad4NydeGZJQiIKy0n8X7VGCMcWcXgZKMFaCmD18-41nzZNEwDaXVh3eBL5J5BvLwoamK7BnNVKxMgtFux_8aEAhsJF1R_wzL38xW%26c%3DsSLVewWsrg9NVRRuqNUdqGlRthQqE5p36w486Z7t65Lp8WeW_6ChzA%3D%3D%26ch%3D0FwcyiCeu-L1ZwJVp1Mxgkv5oBpa8nuumOmQaC6XmAyhq-nV6XUmjQ%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C01e81489397748d973f708d7c69b0f2f%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637196241592475581&sdata=cdxto4r97enribQtRW9eLosKdvYL5H%2Bgg0SUVhzMGRA%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001yG7vTlE-qiswRsfxbq_EeYfBro7wWxwcVdoimHZLWxIJQiGtTrCiA7qaRnXP1DzLH5hOW_9T6w7HSGJCr2M0l4qvQTU08mZx0ivBT8Q0eWawr53g6XiIgSFAjZwxa0eRtho9OGLKUMkIZcPGp5xi4TGzG1G8-QFLFzvkWmyC2Hk2wLBFaKGGLzukNOzWPt2GBFWZS7KjXMC_2lrh1g6RORuNNx-beUKY4xem5lbmQu6TXfmfBKcMKghZsW_PrsAmxdpWQLAdpk8pRYDpyPf5xfA4EdqqUxt_7xqDiHErXTbqY4iG5UmdLThhNlBfh5AksSiIHam5FSdiZDrQ4u4pfqZ1Jcj-RoA8hcKTFL0vxFSuN9_B3lR3AbBiASD59JsG82LXEz7tiMUTUqcUqZzfWHGQOiIY1n0SbpR6omvfYww5ciDVgGqw6UqWx5hyVZQzaMNwznrSrCg4idCc-aK2zoVH3Mwtad4NydeGZJQiIKy0n8X7VGCMcWcXgZKMFaCmD18-41nzZNEwDaXVh3eBL5J5BvLwoamK7BnNVKxMgtFux_8aEAhsJF1R_wzL38xW&c=sSLVewWsrg9NVRRuqNUdqGlRthQqE5p36w486Z7t65Lp8WeW_6ChzA==&ch=0FwcyiCeu-L1ZwJVp1Mxgkv5oBpa8nuumOmQaC6XmAyhq-nV6XUmjQ==" shash="JvsjSlwjmHqr1oWTz7yorfILCIR3fG++mkhWn3beIPePlFwQaxw3kLW0b466KkqZD0ZmZhvN74k0T0UdTdZ3H6UgL7SAX/isA68CQ7JuplATrGVX2WyfHxo+MdYEjFWkCsbdrwviPymV78PGfneJTHZdi/+HJFUT1h4U7rJNC9I=" target="_blank"><span style="color: #1e88b4;">https://halsteadopenhouseindex.blogspot.com/</span></a>.
Those of you comfortable, you can write in here the exact address of
your exclusive, so it becomes visible to all. Also, check the
link to <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001yG7vTlE-qiswRsfxbq_EeYfBro7wWxwcVdoimHZLWxIJQiGtTrCiA7qaRnXP1DzLVGnbEsAjDRXXHkLyHz7iNM7Nup7giY0FW47zJ71GM93ABQZ-ET8iemsgGH3sDClDCELoJPUJeq7tlp_2uQaQRO4WI6Qz897Hmiu3QS9WOm3HFljJEhrWoUN_EjqzlMPmEXOMiHC_usmQyiyfGjMH7Uqqc0ll1ER3m7Sg00izs4E%3D%26c%3DsSLVewWsrg9NVRRuqNUdqGlRthQqE5p36w486Z7t65Lp8WeW_6ChzA%3D%3D%26ch%3D0FwcyiCeu-L1ZwJVp1Mxgkv5oBpa8nuumOmQaC6XmAyhq-nV6XUmjQ%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C01e81489397748d973f708d7c69b0f2f%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637196241592485577&sdata=o%2FuP9U2K%2FdibAE5F%2FiYUSaR2oZ%2BzC%2B6UGDnTQef6KT0%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001yG7vTlE-qiswRsfxbq_EeYfBro7wWxwcVdoimHZLWxIJQiGtTrCiA7qaRnXP1DzLVGnbEsAjDRXXHkLyHz7iNM7Nup7giY0FW47zJ71GM93ABQZ-ET8iemsgGH3sDClDCELoJPUJeq7tlp_2uQaQRO4WI6Qz897Hmiu3QS9WOm3HFljJEhrWoUN_EjqzlMPmEXOMiHC_usmQyiyfGjMH7Uqqc0ll1ER3m7Sg00izs4E=&c=sSLVewWsrg9NVRRuqNUdqGlRthQqE5p36w486Z7t65Lp8WeW_6ChzA==&ch=0FwcyiCeu-L1ZwJVp1Mxgkv5oBpa8nuumOmQaC6XmAyhq-nV6XUmjQ==" shash="BDrJKW0bLcdhSU91qMt0YMq7L0l5y1lwAlXujCW49un/1hmmSEB4YlthBzZ8ID6CEQtut4Ihe7PoPWnHEekXtx20a4kTM8Hj6GjpRKsQKkp96KD6q72AoYeBnmQBq/2ZAUqB+Wfn5/M2HvG/QkWU0+mdaVoAqn4R9p6ZI0BQ86M=" target="_blank"><span style="color: #1e88b4;">dataset</span></a>. (in the comments section
you will find interesting data, such as addresses of properties or if
there was a recent price drop, outdoor space, etc.) <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Best
regards,<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Fritz Frigan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">To Sign Up
to Receive Halstead’s Open House Index Report</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><a data-segment-action="add" data-segment-id="dc5f1b50-6428-11e8-aee1-d4ae527536ce" href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001yG7vTlE-qiswRsfxbq_EeYfBro7wWxwcVdoimHZLWxIJQiGtTrCiAzcC6SGAjVlqnewXoM0KdWtopxXtzRAMCDtoyPUojlSSxitwoBNkqxIOtiygf6qo9YlOctlTU65aSwlkfyJHl3MZVRLL7tShRQMZXQoQ-wVwSF5XLHtwGOmYtuo7cCC2NGFCcrP8aWztktZPEf8ijgoCgvtM-0lS1ZTXYSL2pc6Ag4QyFjpAdrfUZYg1SSiaXBFVmNpyLDtP876fFrVQevbO1qphWAdxZot6_jfN9XC3pqX8C1Rc4tnaCsSDkUKo5SUK5iVFWQCex2DaTEJ4kR9hkqtidqcG6TFnbg9V87v2vQN1IQH-XARgiaK-2kHR5LgJZ5E79QByyFH6v3JOo_vG_dcTkDhd3jWrCiZooyyL2L-4lQz8fF-s4cHBJ3k7gwvS615PrkJM2KQcjIWwWK6eeYR_heAgFjjiiWJNGrRgGhWjHUQbF-ouZ-H7BLSpYl-adf95emjSvwu1sLaafpIu1Ycjp3fkFvm9nzc7kMg1xUb7XNhxXSs530C3Q5nRNkgkvxdK_PP_fxlUJYUZXh6xvhdVkCatk-AEk42yBtaDA4urSPt8OzCebSbkoPh9prPi443Wmw04uKAnlrwM7IL6vC1rL73ySqXArgWTS3HKbTccxi4l94zx89MQ42htZzbvCpymVASH1Po0CCcJYnZu-nxFfA7UcfYuhSNOUjiKrE4cY9j5HQPm0sc9vn4Ag9KkYvZ0KspStUaX-dqYXI0kOWGYVNdsL-oOs1Jw03x9RxbK9MMsPqU4lAVjAwkAtyIzNv_moXVpg6be4wPeCPCFIa76yt93wdokTBfipdzA-_sPa65HSoNr5txCtQB1GIqwIE8zeKRO16qywNUDr_IbepL9rCx2BtEoxx5vKTvISV7l2NfwwkGrrrzJwP9F0YrkLadFRecDG6KxqT5RBRv-rtlQQo7qgzr6vW04lqCBK0Zj7xRPGasA4lU1PIRIXWt4mwGmzBAk9wtn8Okwr5UfAVxnyFzesEirdrrWWqL24oaswOumvVvV8hEkMk3GJ-3zX4tGtSI-DyDmaInJPZeNcavDM4eAWSevHfvghiDpddtQ1R1OBGbQw16qkSdpNs0jl2apRiiOpdbXr9jsT_FzEWSHmdIgx2PG3sTx8TTKjlOSwt0Pocz3-pG771qX5VhYkvywUifh6fKDcnvaZGng73klci4i99Pdzwr1YaKiOfkX9Si-WXce1NgF9MBY41cNcinRv_zP_CW9mAeJ3QvYvUoBRNpcYkt42rYxodyLUZLX6-fFGDfwCRTVtr35gldjnWVcsrE85qT006BkxDgFBHf122zpLje_9VR9Rhn3H6oSTayzzS8%3D%26c%3DsSLVewWsrg9NVRRuqNUdqGlRthQqE5p36w486Z7t65Lp8WeW_6ChzA%3D%3D%26ch%3D0FwcyiCeu-L1ZwJVp1Mxgkv5oBpa8nuumOmQaC6XmAyhq-nV6XUmjQ%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C01e81489397748d973f708d7c69b0f2f%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637196241592495575&sdata=g%2FLMGE2nFoKneEmG9dFKJ6j1li2VZ8dfzi6fVkTIf9w%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001yG7vTlE-qiswRsfxbq_EeYfBro7wWxwcVdoimHZLWxIJQiGtTrCiAzcC6SGAjVlqnewXoM0KdWtopxXtzRAMCDtoyPUojlSSxitwoBNkqxIOtiygf6qo9YlOctlTU65aSwlkfyJHl3MZVRLL7tShRQMZXQoQ-wVwSF5XLHtwGOmYtuo7cCC2NGFCcrP8aWztktZPEf8ijgoCgvtM-0lS1ZTXYSL2pc6Ag4QyFjpAdrfUZYg1SSiaXBFVmNpyLDtP876fFrVQevbO1qphWAdxZot6_jfN9XC3pqX8C1Rc4tnaCsSDkUKo5SUK5iVFWQCex2DaTEJ4kR9hkqtidqcG6TFnbg9V87v2vQN1IQH-XARgiaK-2kHR5LgJZ5E79QByyFH6v3JOo_vG_dcTkDhd3jWrCiZooyyL2L-4lQz8fF-s4cHBJ3k7gwvS615PrkJM2KQcjIWwWK6eeYR_heAgFjjiiWJNGrRgGhWjHUQbF-ouZ-H7BLSpYl-adf95emjSvwu1sLaafpIu1Ycjp3fkFvm9nzc7kMg1xUb7XNhxXSs530C3Q5nRNkgkvxdK_PP_fxlUJYUZXh6xvhdVkCatk-AEk42yBtaDA4urSPt8OzCebSbkoPh9prPi443Wmw04uKAnlrwM7IL6vC1rL73ySqXArgWTS3HKbTccxi4l94zx89MQ42htZzbvCpymVASH1Po0CCcJYnZu-nxFfA7UcfYuhSNOUjiKrE4cY9j5HQPm0sc9vn4Ag9KkYvZ0KspStUaX-dqYXI0kOWGYVNdsL-oOs1Jw03x9RxbK9MMsPqU4lAVjAwkAtyIzNv_moXVpg6be4wPeCPCFIa76yt93wdokTBfipdzA-_sPa65HSoNr5txCtQB1GIqwIE8zeKRO16qywNUDr_IbepL9rCx2BtEoxx5vKTvISV7l2NfwwkGrrrzJwP9F0YrkLadFRecDG6KxqT5RBRv-rtlQQo7qgzr6vW04lqCBK0Zj7xRPGasA4lU1PIRIXWt4mwGmzBAk9wtn8Okwr5UfAVxnyFzesEirdrrWWqL24oaswOumvVvV8hEkMk3GJ-3zX4tGtSI-DyDmaInJPZeNcavDM4eAWSevHfvghiDpddtQ1R1OBGbQw16qkSdpNs0jl2apRiiOpdbXr9jsT_FzEWSHmdIgx2PG3sTx8TTKjlOSwt0Pocz3-pG771qX5VhYkvywUifh6fKDcnvaZGng73klci4i99Pdzwr1YaKiOfkX9Si-WXce1NgF9MBY41cNcinRv_zP_CW9mAeJ3QvYvUoBRNpcYkt42rYxodyLUZLX6-fFGDfwCRTVtr35gldjnWVcsrE85qT006BkxDgFBHf122zpLje_9VR9Rhn3H6oSTayzzS8=&c=sSLVewWsrg9NVRRuqNUdqGlRthQqE5p36w486Z7t65Lp8WeW_6ChzA==&ch=0FwcyiCeu-L1ZwJVp1Mxgkv5oBpa8nuumOmQaC6XmAyhq-nV6XUmjQ==" shash="yDu5mVCeFb2ewbTzis5or4ubOZ6zjpKqflc2MIcp9+BnLG1EBguGTX9h8BJdQhbwCDnguk3AZUKjcvjDRHKaCdGgFPxpq2qFS9ZRyRGgkNOuWYqq72PxFMlXnyrwThndSiDhAZlmVuPRBFskA1Uw0DFGQVysZfF043ibh/3MAhk=" target="_blank"><span style="color: #1f497d;">Click Here</span></a> <o:p></o:p></span></div>
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<br />Fritz Friganhttp://www.blogger.com/profile/01338330654547035031noreply@blogger.com0tag:blogger.com,1999:blog-9178590370333606794.post-74278453265161326662020-03-06T05:14:00.001-08:002020-03-06T05:14:33.998-08:00Halstead Open House Index - report from weekend of March 1, 2020<br />
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Good morning
Halstead Open House Index aficionados!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">First Sunday
in March and first weekend after coronavirus was finally detected in
New York City. I was wondering last week if the virus scare will have
an effect on the attendance. Well, it seems it didn’t – <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D0018HrVlZQDSB6zS_lx1V0EiNKQSICIo831OPcsDxxb5-Uv8XHiEKe4c7EvMAbAgwCwzW-Cqg2UrHh_iaxZYfp7BgWzLGQwbe2hI8wN9auUN7C0_id7JaIp3ceaW8i16uFqarLPSea94ODgHLygBrXAoMd6vrpJ3owt--1aN75HtvptFI7w7xjF1FUYxJhLs3Gl9Ato1pEDe_D_v3VMLhX17zWzG23fjkYL4k8LBgrKewo%3D%26c%3DQIC44uzGWmTfMURrR0lICnGqMaCVnEM_PzX6l1siCTkZsdBcntMdIw%3D%3D%26ch%3DWd3OJAVUL-bSiX-y8lcdPavWz4JgFPfF6mXaJzUm79VYi0TNVTSb5w%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C1cc3c6aebd0243e4d79108d7c11db506%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637190205646908507&sdata=YUvTeyEElgg15r4AVgudX3qOwJGkJdKioryBwwvzqdE%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=0018HrVlZQDSB6zS_lx1V0EiNKQSICIo831OPcsDxxb5-Uv8XHiEKe4c7EvMAbAgwCwzW-Cqg2UrHh_iaxZYfp7BgWzLGQwbe2hI8wN9auUN7C0_id7JaIp3ceaW8i16uFqarLPSea94ODgHLygBrXAoMd6vrpJ3owt--1aN75HtvptFI7w7xjF1FUYxJhLs3Gl9Ato1pEDe_D_v3VMLhX17zWzG23fjkYL4k8LBgrKewo=&c=QIC44uzGWmTfMURrR0lICnGqMaCVnEM_PzX6l1siCTkZsdBcntMdIw==&ch=Wd3OJAVUL-bSiX-y8lcdPavWz4JgFPfF6mXaJzUm79VYi0TNVTSb5w==" shash="Z1sT8G2hEpwFMlFlXiE1UKa+jx3SHhLih3qLBSimnzoXm7AmDwi3bIylD4+7VZDavUcaYZd+A13Cqki35YlIwK9VL7gwb6oHslqiXUiVPfv2LkkozVycB1dBs0yBKniWOBxQ6N8TinBX1dS2RsncjXtQ/TsL30JOM1yFt8wMpMI=" target="_blank"><span style="color: #1e88b4;">the numbers from last weekend</span></a> were
not bad. I am curious what are you guys doing at your open houses?
Anything different? Do you shake hands? Do you offer sanitizers? Do
you sneeze intentionally when you notice obnoxious buyer? (just
kidding). <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">The average
in NYC dropped to 4.77 per open house last weekend. This is indeed a
large drop from the weekend prior (5.62), but Feb 23 weekend was
exceptionally good. 4.77 per open house is stronger than the weekend
of Feb 16 (4.19) or Feb 2 (4.20) or Jan 19 (4.17), where no one was
yet paranoid about the coronavirus in NYC. Manhattan, Queens and the
Bronx recorded actually stronger attendance this past weekend, then
on February 23</span><sup><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 9.0pt; position: relative; top: -2.5pt;">rd</span></sup><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">. Last year, on March 3</span><sup><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 9.0pt; position: relative; top: -2.5pt;">rd</span></sup><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">, 2019 weekend, the NYC average was 4.35. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">31 open
houses reported zero traffic. This is 11.5%, creeping up, but truly
slow weekends are those when this percentage is 15% or more.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">The most
visited open house mention goes to <b>Amelia Gewirtz and Andrew
Phillips of Halstead</b>. They reported 54 parties at their first
open house for their new exclusive at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D0018HrVlZQDSB6zS_lx1V0EiNKQSICIo831OPcsDxxb5-Uv8XHiEKe4c7EvMAbAgwCwXkH3EyKeKVfa-xvZtvzV-gN2xeT87ozQ4bZMZPtVgdYk_oEs7oSzScMeVu6IDIH1KodSv36y0kelHXT32IliNhRinlhnrDD1cD0cPwt1vT_cwWxBtbjCDZSTjNVT8407MM94vvhS_at4ToifjDb10-vylChrh7bjcMrzIBXMpKitwwopaS2cuc656VOzVh7i%26c%3DQIC44uzGWmTfMURrR0lICnGqMaCVnEM_PzX6l1siCTkZsdBcntMdIw%3D%3D%26ch%3DWd3OJAVUL-bSiX-y8lcdPavWz4JgFPfF6mXaJzUm79VYi0TNVTSb5w%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C1cc3c6aebd0243e4d79108d7c11db506%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637190205646908507&sdata=IpsGXj7WQqXMAOY0lS0kdLGSQtWSpLid%2F5Dh0OH8bos%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=0018HrVlZQDSB6zS_lx1V0EiNKQSICIo831OPcsDxxb5-Uv8XHiEKe4c7EvMAbAgwCwXkH3EyKeKVfa-xvZtvzV-gN2xeT87ozQ4bZMZPtVgdYk_oEs7oSzScMeVu6IDIH1KodSv36y0kelHXT32IliNhRinlhnrDD1cD0cPwt1vT_cwWxBtbjCDZSTjNVT8407MM94vvhS_at4ToifjDb10-vylChrh7bjcMrzIBXMpKitwwopaS2cuc656VOzVh7i&c=QIC44uzGWmTfMURrR0lICnGqMaCVnEM_PzX6l1siCTkZsdBcntMdIw==&ch=Wd3OJAVUL-bSiX-y8lcdPavWz4JgFPfF6mXaJzUm79VYi0TNVTSb5w==" shash="xoUiYs6luWpd5NKu4UdU/cwR6sbid0s8/xTtkdDZT3F3983mTreKsP9e+dC3hy3X9cR8zeHT7/g0Q2OkgR2Lr9YPMAG/2ar8p5DypN7A4tya9g0hh9vtCJpan60stld4wmMOJoNpHxepJ7n7zv9T1KwNJ8XTl3sEoB/zTja8pcU=" target="_blank"><b><span style="color: #1e88b4;">265 Riverside Drive</span></b></a><b>, a 2BR
for $895K</b>. Here in Amelia’s own words: “<i>5 offers, highest and
best today @ 1200. We are very, very methodical with everything. What
makes this home unique from others in building or on block 100. Title
is everything, lead photo is key. Put on web with NO
ACCESS minimum a week prior. Everybody wants what everybody
wants, nobody wants what nobody wants. Try to get 90 percent buyers
in door within 48 hours so u r clear market feedback. And NEVER EVER,
unless snow storm or monsoon, do a second open house next week. YOU
ARE TELLING THE WORLD NO ONE WANTS ME. Would you put a full price
offer in on Thursday if you saw open house? No open house for two
weeks hints action happening and forces buyers hands if on fence.
Also we priced it aggressively, it was MINT. And we sent sellers away
w/baby for a week so easy access. Also we were told our presentation
just with the brochure and information was refreshing from most
brokers. You are selling a feeling, the feeling should feel WORTH IT
including the paper stock you use to describe home</i>.” <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">There were
5421 open houses held last weekend in NYC and approximately 6844
prospective buyers were hopping from open house to open house. <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D0018HrVlZQDSB6zS_lx1V0EiNKQSICIo831OPcsDxxb5-Uv8XHiEKe4c7EvMAbAgwCwWG_AZdDIG6Y4HPu9Gf22kBJ2Ddf5-8pCYl0UmJyb2YvbdjKP6YiBwft8ErN0B3e9QksbMEqH2ejOWf-1j0zcNsQ-XSBE8_6XOHJ3bTG9JeUuy-HKrc-fu29s4fy7HJjyeoOI9yzlN_ihlwLyRWmF53chWpnRD51Zp4CWStJa0lY%3D%26c%3DQIC44uzGWmTfMURrR0lICnGqMaCVnEM_PzX6l1siCTkZsdBcntMdIw%3D%3D%26ch%3DWd3OJAVUL-bSiX-y8lcdPavWz4JgFPfF6mXaJzUm79VYi0TNVTSb5w%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C1cc3c6aebd0243e4d79108d7c11db506%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637190205646918499&sdata=lmmluIYIc7JJaV71F40vtbbdUVZtg1%2FXb1Cu5Lg2eTM%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=0018HrVlZQDSB6zS_lx1V0EiNKQSICIo831OPcsDxxb5-Uv8XHiEKe4c7EvMAbAgwCwWG_AZdDIG6Y4HPu9Gf22kBJ2Ddf5-8pCYl0UmJyb2YvbdjKP6YiBwft8ErN0B3e9QksbMEqH2ejOWf-1j0zcNsQ-XSBE8_6XOHJ3bTG9JeUuy-HKrc-fu29s4fy7HJjyeoOI9yzlN_ihlwLyRWmF53chWpnRD51Zp4CWStJa0lY=&c=QIC44uzGWmTfMURrR0lICnGqMaCVnEM_PzX6l1siCTkZsdBcntMdIw==&ch=Wd3OJAVUL-bSiX-y8lcdPavWz4JgFPfF6mXaJzUm79VYi0TNVTSb5w==" shash="CNMd8OwpxfskVk+RxAZB+xGOWclhesmeQHlJs5YLtQcrxurVH4UVw4voz76tRDkbX2yVieIkbQ1SNmch6K4ol6nYVEjHLpuMhGw+WJgpZhtP8NnNJCiaOxpmZg9BBOkBoHqsXI+YMBF1ZbxZ560jHrXYzdkNUDtl4OdClkUj2GE=" target="_blank"><span style="color: #1e88b4;">Here </span></a>is the dataset. Let’s check the
action in each borough. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Manhattan</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average went up to 4.70 per
open house, a tiny increase from 4.65 recorded the weekend prior. The
winning neighborhoods were Gramercy Park (7.29), Central and West
Village (7.20), Washington Heights (6.75), Soho & Tribeca (6.17)
and UWS (5.95). Each of these areas, except Soho & Tribeca,
recorded an increase in traffic from the weekend prior. Midtown West
was dreadful (1.70), Midtown East not far behind (3.08). See the rest
below. We received 210 replies from Manhattan. Last year on March 3</span><sup><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 9.0pt; position: relative; top: -2.5pt;">rd</span></sup><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">, 2019, Manhattan recorded 4.06. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Brooklyn</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average dropped from stratospheric
12.94 recorded on Feb 23</span><sup><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 9.0pt; position: relative; top: -2.5pt;">rd</span></sup><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><span style="mso-spacerun: yes;"> </span>weekend, to 5.53 last weekend. This
is the worst Brooklyn average since January 19, 2020. Park
Slope/Prospect Heights above the average with 10.40, so was
Williamsburg (6.56). Slower elsewhere, see details below and beware
of small sample sizes. Check first open houses reported from Dumbo,
new area that replaced Bushwick. We received 36 replies from
Brooklyn. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Bronx</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average climbed to 4.10, from
3.85 the weekend earlier. 10 open houses arrived from the Bronx. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Queens</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average climbed to 4.33, from
3.40, from just 9 open houses that arrived from Queens. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Staten
Island</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – back on
the charts with 3.00 average reported from two open houses. Could
some of you please send your buyers to Norma Wolfe in Staten Island
to buy her listing at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D0018HrVlZQDSB6zS_lx1V0EiNKQSICIo831OPcsDxxb5-Uv8XHiEKe4c7EvMAbAgwCwE9aLsptaJ3AmfZAIkQ9fuSxM_f3agHF0xJid0xC2OpVBz152ETjvHDmpqlnCShNGH_O0iFlwRIm57GPTR0HisYNbZKegpdteFGpYxa-dRWrHSGed9MCzSRfzOaj_FE_oUkk38dW7SyrPcleTWksS40zZOkaZuGXb6bsEHnAyRiMjselzUF6glKAuBEkIsPLw%26c%3DQIC44uzGWmTfMURrR0lICnGqMaCVnEM_PzX6l1siCTkZsdBcntMdIw%3D%3D%26ch%3DWd3OJAVUL-bSiX-y8lcdPavWz4JgFPfF6mXaJzUm79VYi0TNVTSb5w%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C1cc3c6aebd0243e4d79108d7c11db506%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637190205646928496&sdata=ZFGi%2FYxLoTVazffrTHJYU8wxBsctMC7nNQHfEL200CY%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=0018HrVlZQDSB6zS_lx1V0EiNKQSICIo831OPcsDxxb5-Uv8XHiEKe4c7EvMAbAgwCwE9aLsptaJ3AmfZAIkQ9fuSxM_f3agHF0xJid0xC2OpVBz152ETjvHDmpqlnCShNGH_O0iFlwRIm57GPTR0HisYNbZKegpdteFGpYxa-dRWrHSGed9MCzSRfzOaj_FE_oUkk38dW7SyrPcleTWksS40zZOkaZuGXb6bsEHnAyRiMjselzUF6glKAuBEkIsPLw&c=QIC44uzGWmTfMURrR0lICnGqMaCVnEM_PzX6l1siCTkZsdBcntMdIw==&ch=Wd3OJAVUL-bSiX-y8lcdPavWz4JgFPfF6mXaJzUm79VYi0TNVTSb5w==" shash="ysxcSfnvYb9y3ImOPiBnIF7mwGUMG70gVQmhJ6a/IsiPU2USueKslcWyz9D//+F4RSQWykhkkABS//3UOny4OQ2OhmdYSk6hpS+fWPXMXdOsk4QrK+qZTr2oO9nvpBZ7GPwsRYfCzKynFfO1GE9Gl9YGGQTSTqx9U902xjP0SPA=" target="_blank"><span style="color: #1e88b4;">10 Bay Street Landing</span></a></span><span style="color: #1e88b4; font-family: "calibri" , sans-serif; font-size: 10.5pt;">,</span><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> a 1BR for $425K? <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Size</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – Multi-unit buildings were in
demand with 9.00 attendance, and so were the townhouses with 5.75.
Among apartments, 2BR units were most attractive with 5.45 average.
4BRs and studios on the bottom of appeal with 3.00 and 3.66, respectively.
<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Price</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> - $500K-$1M range was most visited
with 5.42. The least traffic at $3M+ open house with 2.65. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">First Open
House</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – 250% more
traffic at first open houses (9.45), than at the “stale” ones (3.78).
<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">By
Appointment Only</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – just 27% more traffic at the “normal” ones (4.85),
vs. those described as “by appointment only” (3.81). This is not
normal (not to myself to check the data). <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">This is all
for today. Here is a suggestion on how to increase the number of open
houses in our survey. Those of you brave enough, show this report to
your managers, owners and sales directors. Encourage them to share
your company’s internal data with me, so that the report will truly
gain in value with 500-700 data samples each week! Another idea:
those of you who appreciate this weekly recap and find it valuable,
please forward it to two other agents who will be holding an open
house this coming weekend and ask them to participate. Deal?<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">I want to
share a situation that many of you may be becoming more and more
familiar with. My agent showed her exclusive to one of these 1% firms
(they promise the buyer 2% rebate after the closing). At the first
showing the agent was in the apartment’s corner, texting, totally
absent, while my agent was answering the buyer’s questions. Second
showing happened by accident! The buyer met my agent in the lobby by
chance, because no appointment was made, but the buyer thought his 1%
agent did it! My agent spent one hour in the exclusive, alone with
the buyer, answering the buyer’s questions, info about the market,
condos procedure, you know – the things the buyer’s agent should have
been doing. How do you feel about this? At which point we say to a
co-broker: “You better be at every appointment, and you advise and
communicate with your buyer, if you want to earn you 50% of our
commission!”. How do you handle situations like this and where do you
draw the line for the buyer’s broker to truly work and earn their commission?
How do you handle buyer’s brokers not coming to your open houses and
shipping their buyers to you? How do you handle buyers’ brokers who
have no idea how to prepare the board package for their customers and
expect you to handle most of it?<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">“Not-on-StreetEasy”
concept is spreading. I see more and more listings coming in with
this title in the subject line and on the web. Feel free to share
with me your ideas on how you are pushing your listing outside
StreetEasy and particularly success stories. Which web sites worked
well for you? Does co-broking 7-15 days before you post your
exclusive on StreetEasy works? How are your open houses visited if
your exclusive is NOT on StreetEasy? (You can indicate in the comment
section if your listing is not on StreetEasy). This includes rental
and sales. Share and collaborate is my message to you!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Best of luck
at your open houses this weekend. The weather forecast is sunny and
warm. I'm sending you a friendly elbow-shake today! Also, don’t
forget to wash your hands! Where I come from (Croatia), people eat
two heads of garlic each day. It doesn’t kill the viruses, but for
sure there’s no one closer than 6 feet from you!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">PS: Do not
forget to check my reports on my blog at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D0018HrVlZQDSB6zS_lx1V0EiNKQSICIo831OPcsDxxb5-Uv8XHiEKe4c-_zdVji5kBNMO484Ix6mJv-wq0nCn_PcxJOA4AMfGgN0-hwRef4FzHuMOHeOVfPmiEd4vhInF4dS1vuWVOnT4Xr1JN6H32v4AYCRUmaoAsRjVNnc_7BYmJIjH87whHXZ9vvKCKnZNVslHydSqoJdlcaLO-RvTbrIPm8Y8rIChvSy-jr87hf5nLKDr5PZs9btg_oIhXkqTyNOup-ySFVUTnMXhUPyr3L5AOOm6GpsRbnpbwZrO6hpGHQECGp9GJa53hzwUIJ6XsaJ3aBZNMTlf5cTNuMrU9cLQSQWfq9WZlczNliw4MP70iQE6tmaqSI-yE1pqcstP4Bh8rrPcWVhsDkpY7a4PZTEY36luX8YGEZqEusdVCCcN6HrjjNxPozUpcZ41GrQ0QnhUibucw_XkWzLljIOOUR4ONPu2obKOkNjkKevfVXfAN-6tNZUwyJN7sV2pyOWkChXWKJA9vkEh_zUyayZUAyv4PH_lrav_CjVnmqbx-lt_DkmaAmBhWG5H1Ks_oEIE1g%26c%3DQIC44uzGWmTfMURrR0lICnGqMaCVnEM_PzX6l1siCTkZsdBcntMdIw%3D%3D%26ch%3DWd3OJAVUL-bSiX-y8lcdPavWz4JgFPfF6mXaJzUm79VYi0TNVTSb5w%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C1cc3c6aebd0243e4d79108d7c11db506%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637190205646928496&sdata=9U%2Fw1M4SvXjB3cYFMKLW%2FP0x03jMcHOyR4IAguhK4Q4%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=0018HrVlZQDSB6zS_lx1V0EiNKQSICIo831OPcsDxxb5-Uv8XHiEKe4c-_zdVji5kBNMO484Ix6mJv-wq0nCn_PcxJOA4AMfGgN0-hwRef4FzHuMOHeOVfPmiEd4vhInF4dS1vuWVOnT4Xr1JN6H32v4AYCRUmaoAsRjVNnc_7BYmJIjH87whHXZ9vvKCKnZNVslHydSqoJdlcaLO-RvTbrIPm8Y8rIChvSy-jr87hf5nLKDr5PZs9btg_oIhXkqTyNOup-ySFVUTnMXhUPyr3L5AOOm6GpsRbnpbwZrO6hpGHQECGp9GJa53hzwUIJ6XsaJ3aBZNMTlf5cTNuMrU9cLQSQWfq9WZlczNliw4MP70iQE6tmaqSI-yE1pqcstP4Bh8rrPcWVhsDkpY7a4PZTEY36luX8YGEZqEusdVCCcN6HrjjNxPozUpcZ41GrQ0QnhUibucw_XkWzLljIOOUR4ONPu2obKOkNjkKevfVXfAN-6tNZUwyJN7sV2pyOWkChXWKJA9vkEh_zUyayZUAyv4PH_lrav_CjVnmqbx-lt_DkmaAmBhWG5H1Ks_oEIE1g&c=QIC44uzGWmTfMURrR0lICnGqMaCVnEM_PzX6l1siCTkZsdBcntMdIw==&ch=Wd3OJAVUL-bSiX-y8lcdPavWz4JgFPfF6mXaJzUm79VYi0TNVTSb5w==" shash="NoSNzo7PCZZTrc1DwtDv4vnwsQN3Rpp0XXhkqiJ++MkY9o0c4tUnWv8nnSnhwZ1eKm6gWxmB1nYQM3U4UAjgEAEU4cAeNTV17rh7Wd9GcrXIAMZ5wKZI69kd2DlGla7fuXpUZ/kqEMq2zefb0y0GpffJBTmKHvJ4CqRuLIHxlVc=" target="_blank"><span style="color: #1e88b4;">https://halsteadopenhouseindex.blogspot.com/</span></a>.
A great suggestion from one of our readers: write in the comment
section how many visitors were direct buyers and how many came with
brokers. Also, write here if your exclusive is on StreetEasy or not.
Those of you comfortable, you can write here the exact address of
your exclusive, so it becomes visible to all. Also, check the
link to <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D0018HrVlZQDSB6zS_lx1V0EiNKQSICIo831OPcsDxxb5-Uv8XHiEKe4c7EvMAbAgwCwWG_AZdDIG6Y4HPu9Gf22kBJ2Ddf5-8pCYl0UmJyb2YvbdjKP6YiBwft8ErN0B3e9QksbMEqH2ejOWf-1j0zcNsQ-XSBE8_6XOHJ3bTG9JeUuy-HKrc-fu29s4fy7HJjyeoOI9yzlN_ihlwLyRWmF53chWpnRD51Zp4CWStJa0lY%3D%26c%3DQIC44uzGWmTfMURrR0lICnGqMaCVnEM_PzX6l1siCTkZsdBcntMdIw%3D%3D%26ch%3DWd3OJAVUL-bSiX-y8lcdPavWz4JgFPfF6mXaJzUm79VYi0TNVTSb5w%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C1cc3c6aebd0243e4d79108d7c11db506%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637190205646938490&sdata=kxL0Wt92Q2G12inG1jNz11rEypOw31Gu0zMxOrYEUTY%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=0018HrVlZQDSB6zS_lx1V0EiNKQSICIo831OPcsDxxb5-Uv8XHiEKe4c7EvMAbAgwCwWG_AZdDIG6Y4HPu9Gf22kBJ2Ddf5-8pCYl0UmJyb2YvbdjKP6YiBwft8ErN0B3e9QksbMEqH2ejOWf-1j0zcNsQ-XSBE8_6XOHJ3bTG9JeUuy-HKrc-fu29s4fy7HJjyeoOI9yzlN_ihlwLyRWmF53chWpnRD51Zp4CWStJa0lY=&c=QIC44uzGWmTfMURrR0lICnGqMaCVnEM_PzX6l1siCTkZsdBcntMdIw==&ch=Wd3OJAVUL-bSiX-y8lcdPavWz4JgFPfF6mXaJzUm79VYi0TNVTSb5w==" shash="BEjFKe4471t83D5dgC1gfZABFYVuDxUA7CWfBRghJrkUQ4QfrtDw4yAcLeKQDFhgPZEvzus+8EhbNGmsLhv7FzLMV2UBl+iPRjRt3hMze6xehdqj5QaQAxkSHCbXOXTUe9GglF560qRUGAOCnI10tTGGvjdLF2nM8CIHHdV4668=" target="_blank"><span style="color: #1e88b4;">dataset</span></a>. (In the comments section
you will find interesting data, such as addresses of properties or if
there was a price drop, etc.) <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Best
regards,<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Fritz Frigan</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">To Sign Up
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<br />Fritz Friganhttp://www.blogger.com/profile/01338330654547035031noreply@blogger.com0tag:blogger.com,1999:blog-9178590370333606794.post-7784676174742331002020-02-28T11:24:00.001-08:002020-02-28T11:24:29.870-08:00Halstead Open House Index - report from weekend of February 23, 2020<br />
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Good morning
Halstead Open House Index followers!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001ENFlFfGIaTmb_c4zH4iJnJ0CXGr4CaydY_mqy_HK43DqFrSKIT_qv8NyWrqodmXXatddqmHCL5CXUc9Ybnw6TAbqtMDGOaJuWIs2GuJxZiwFMqlJBTeH3ol7pUtqB_lfqsKAINV3lOiAOhRbLrjDY__Q1zrdef_FYM8VeY7DUgtnTy_gr2W0fnQpVGghEEAboGRQuhpdLH1EklY0ZPslPMuKUR23mmMiGTb4X1J0Brk%3D%26c%3DKVpaZX3eyHGJI6Ae6hd2PEuUC_Esdj88RWX4VXMW5QLGGPaslpe47w%3D%3D%26ch%3DFKajQePoN4tm3zSLC0Et8FJOfBDAxC8SsrLr2fN7Y6eLUN63NF9pig%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C5fa8cf931e5349e79d4f08d7bc6ed8c5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637185056580485309&sdata=GUdwvNBBrERkuPzVTmNSY4jcoTtJZgYwxIIBHtJlIzE%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001ENFlFfGIaTmb_c4zH4iJnJ0CXGr4CaydY_mqy_HK43DqFrSKIT_qv8NyWrqodmXXatddqmHCL5CXUc9Ybnw6TAbqtMDGOaJuWIs2GuJxZiwFMqlJBTeH3ol7pUtqB_lfqsKAINV3lOiAOhRbLrjDY__Q1zrdef_FYM8VeY7DUgtnTy_gr2W0fnQpVGghEEAboGRQuhpdLH1EklY0ZPslPMuKUR23mmMiGTb4X1J0Brk=&c=KVpaZX3eyHGJI6Ae6hd2PEuUC_Esdj88RWX4VXMW5QLGGPaslpe47w==&ch=FKajQePoN4tm3zSLC0Et8FJOfBDAxC8SsrLr2fN7Y6eLUN63NF9pig==" shash="JWa/c9wGqhxCdp51MlR+TT635UiWW84KSgjbBnBH21+AnhLwljsFGLxo0HBB8GkrxUpUuYDH61CXm1KfhIJugr7BgIAyd8tTLhScyetzqIh+BPmisYrnMSN84MLXhAbEd0nBP+JOvmZ7p0YBlW1L9Vle1apv/RBrV1ASJcBH52c=" target="_blank"><span style="color: #1e88b4;">Here </span></a>is my recap from the weekend of
February 22-23. Sorry for one day delay, I was out of town, just
returned last night. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">I am not
sure what happened, but the attendance went up crazy last weekend,
especially in Brooklyn. I heard the rumor that, if you move to
Brooklyn, you will be immune from coronavirus , could that be
it? :) <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The average
attendance in NYC jumped to 5.62 per open house. The weekend prior it
was 4.19, so this is 34% increase in attendance! (I am seriously
worried that you guys are eager to report your numbers when
attendance is good, and you are totally shy when you have zero.).
Nice increase in surveys received too. We received 277 replies,
compared to 239 the weekend earlier. I forgot to check the number of
open houses held last weekend, hence no estimate of the number of
buyers. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">25 open
houses reported zero attendance. 9.0%, not bad. When this percentage
goes above 15%, it signals slow weekend for all.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The most
visited open house mention goes to <b>Sascha Beicken from Halstead
Brooklyn</b>. He reported 60 parties at his first open house for his
exclusive at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001ENFlFfGIaTmb_c4zH4iJnJ0CXGr4CaydY_mqy_HK43DqFrSKIT_qv8NyWrqodmXX7aYmVWtNCw5GKUZR-NGEbmQ_RqLwNgmx3rZpu80cF7Ts-SD8K8ya5uKUhY_216vRMWZUaDpN9pd-UNfIulx3xOVEu0ey1BzlQbrzDsmnldtN7712IrtPPca2xjFIG8ssxeKj8zGxdWnJdj39KU-qgv7JaRuebzYpF51UkGO7P6iuCJ43GbnYKQ%3D%3D%26c%3DKVpaZX3eyHGJI6Ae6hd2PEuUC_Esdj88RWX4VXMW5QLGGPaslpe47w%3D%3D%26ch%3DFKajQePoN4tm3zSLC0Et8FJOfBDAxC8SsrLr2fN7Y6eLUN63NF9pig%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C5fa8cf931e5349e79d4f08d7bc6ed8c5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637185056580495300&sdata=RCdzY0nq5e9v7XRfd0DmBSXD4keYehi5cUlJwR3FlJ4%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001ENFlFfGIaTmb_c4zH4iJnJ0CXGr4CaydY_mqy_HK43DqFrSKIT_qv8NyWrqodmXX7aYmVWtNCw5GKUZR-NGEbmQ_RqLwNgmx3rZpu80cF7Ts-SD8K8ya5uKUhY_216vRMWZUaDpN9pd-UNfIulx3xOVEu0ey1BzlQbrzDsmnldtN7712IrtPPca2xjFIG8ssxeKj8zGxdWnJdj39KU-qgv7JaRuebzYpF51UkGO7P6iuCJ43GbnYKQ==&c=KVpaZX3eyHGJI6Ae6hd2PEuUC_Esdj88RWX4VXMW5QLGGPaslpe47w==&ch=FKajQePoN4tm3zSLC0Et8FJOfBDAxC8SsrLr2fN7Y6eLUN63NF9pig==" shash="Jk8w4JQPt2u8LbfWPg3bJ6kCn8PBfO7fzDnkRhp4KCuHqz1rrMMuWIxPyvSzGF6Mq9LSKhmhIwX742kbywuI3FrcUoNelq/0wWe2lfYD0kMmlHXRFLfqjLpyBVsSr6hcu+t94VZz8xGpaLHy/FcB7hFcEnoGey2UxSxAXAq3rZ0=" target="_blank"><b><span style="color: #1e88b4;">251 Pacific Street </span></b></a><b>in Cobble
Hill</b>. Here is in his own words: “<i>The apartment is so
attractive because it's on the Cobble /Boerum Hill border and very
well priced for a beautifully renovated unit in this location with an
amazing shared roof. We received 5 offers, all substantially
above ask; if it's priced right, then it's selling now given that
interest rates are also still falling. Yes, I was alone and
everyone signed in on the iPad. It's not too big a space so it
was manageable.” </i>It was an amazing weekend in Brooklyn. If you
check the Dataset, the top 8 open houses last weekend were in
Brooklyn, the least visited had 23 attendees! Check the Brooklyn
numbers in detail below. Last year, on February 24, 2019, the average
for all of NYC was 3.78, from 320 responses received</span><span style="color: black; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">. </span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001ENFlFfGIaTmb_c4zH4iJnJ0CXGr4CaydY_mqy_HK43DqFrSKIT_qv8NyWrqodmXX963jBEKHhhBtjucBiLbFY8akothiplhhw2_JY3EpFcICKGh4a3zND3Qr7I_n87PfdtFbwInW39jcJ7iBDNExIymv_WMoVy0Re9-AyZ3j8mWahrN7tsANIUgNX4Y9w0ZJJMWjitfVlsPIxXJs55KhQXVyld1OWd6unkK7JUf3vto%3D%26c%3DKVpaZX3eyHGJI6Ae6hd2PEuUC_Esdj88RWX4VXMW5QLGGPaslpe47w%3D%3D%26ch%3DFKajQePoN4tm3zSLC0Et8FJOfBDAxC8SsrLr2fN7Y6eLUN63NF9pig%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C5fa8cf931e5349e79d4f08d7bc6ed8c5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637185056580505293&sdata=EdrQunrdQbS%2FTFmZcp28zJRy%2F4bXN8opyT8mxEZdNOI%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001ENFlFfGIaTmb_c4zH4iJnJ0CXGr4CaydY_mqy_HK43DqFrSKIT_qv8NyWrqodmXX963jBEKHhhBtjucBiLbFY8akothiplhhw2_JY3EpFcICKGh4a3zND3Qr7I_n87PfdtFbwInW39jcJ7iBDNExIymv_WMoVy0Re9-AyZ3j8mWahrN7tsANIUgNX4Y9w0ZJJMWjitfVlsPIxXJs55KhQXVyld1OWd6unkK7JUf3vto=&c=KVpaZX3eyHGJI6Ae6hd2PEuUC_Esdj88RWX4VXMW5QLGGPaslpe47w==&ch=FKajQePoN4tm3zSLC0Et8FJOfBDAxC8SsrLr2fN7Y6eLUN63NF9pig==" shash="inmsx4INC1vU+SIAyaPu5pdc1EHNSX/cQThk6SvCgnGRGzi8Rh3pFUETTsaYUPSdK8fdgNKqf5WBCcArdpBJqrll0K+kAk2gpiG9cl1s0jpAK7O9duWmt3p/L+/xnFrKwA/TSV+ApZIrhd5UbLpGKMVBI+S9krq8N9IVGiqmRa8=" target="_blank"><span style="color: #1e88b4;">Here </span></a>is the dataset. Let’s check the
action in each borough: <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Manhattan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average jumped to 4.65 per
open house, from 3.52 the weekend earlier. Nice 32% increase in
traffic for Manhattan. Above average in Soho & Tribeca (6.22),
Gramercy Park Area (6.00), UWS (5.51), even UES eked out above the
average number with 4.74. Midtown West (1.71) and Chelsea (2.40) on
the bottom. See the rest of the numbers below and beware of small
sample sizes. We received 221 replies from Manhattan. Last year, on
February 24, 2019, Manhattan recorded 3.49. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Brooklyn</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – totally on fire last weekend. The
average jumped to 12.94 per open house, from 8.39 the weekend prior.
6 Brooklyn neighborhoods recorded attendance higher than 10.00 –
Cobble Hill (22.20), Park Slope (23.25), Fort Greene (19.33)…. Check
details below and beware of small sample sizes. We received 35
replies from Brooklyn. Last year on corresponding weekend Brooklyn
recorded 5.95. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Bronx</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average climbed to 3.85, from
3.78 the weekend earlier. We received 13 replies from the Bronx open
houses. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Queens</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average dropped to 3.40 from
just five open houses that arrived from Queens. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Staten
Island</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – nothing
yet. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Size</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – Multi-unit buildings were off the
chart with 16 average from 4 open houses. Busy at 4BR open houses
with 9.75 and JR4s (7.13). The slowest at studios (4.21) and 1BRs
(4.52). <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Price</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – busy in $2M-$3M range (6.42),
slow in $3M+ range (2.44) and under $500K range (5.28). Everything
else was in between. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Type</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – condos (5.44) just slightly below
co-ops (5.48). <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Condition</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the wrecks won this time with
6.70. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">First Open
House</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – premium
of 273% of first open houses (11.32) vs. the “stale” ones (4.14). <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">By
Appointment Only</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – 58% more traffic at the “normal” open houses (5.77)
vs. those labeled as “by appointment only” (3.63). <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">This is all
for today. Please note that I removed Bushwick from the Brooklyn
areas and replaced it with Dumbo. Let’s see if we get more replies
from that part of Brooklyn going forward.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">“Not On
StreetEasy” concept seems to be spreading. I counted 10 e-mails since
last week of properties promoted as “Not On StreetEasy”. Let me know
what you all think.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Some of you
are asking to simplify the data entry in my Google form so you do not
have to retype it each time from your open houses. I hear you and I
wish I could. Maybe there is something you could do with your
settings in Chrome or Safari to remember your entries? I do not know
how to do it. I also heard a comment that this weekly report is “for
and from Halstead only”, hence reluctance to participate. I can
assure you that less than 50% of replies come from the Halstead
agents. I am personally blown away on the many encouraging replies
and comments I received, regarding how much this weekly recap has
actually united the industry to co-operate with data. Please share
with others and encourage them to participate. The goal is to receive
10% replies from all the open houses held weekly. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Best of luck
at your open houses this coming weekend. The weather forecast is nice
and sunny. Let’s see if the carnage on the Wall Street and the virus
panic has placed a dent in average attendance and in the buyers’
appetite. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">PS: Do not
forget to check my reports on my blog at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001ENFlFfGIaTmb_c4zH4iJnJ0CXGr4CaydY_mqy_HK43DqFrSKIT_qv8NyWrqodmXXEPHtFxUnW2fg-e7AFZRpnIB637X7-omsb4xfMZauuXGBy5GKdiZ0YTetkq7SRN4bYmVp2h1TuXmizmvPTvCbdrTBNgmeHyWe2_aqqDxh-Oo3eaQLJC7tm1RgbyLPRVtGd6fnq4P8eWo9Qe6HpCck9a2foKvZLDzAAXfKbMHt6SW_MRlQkXWmovkmSYkd5GQjDpU92ptenVwDzpjFGvOElutNVqBrIz4eYBHul24bONp5JsCSHM4W-W6WX1zfDQUrrGPzwDPJa8evwbYiHt4DILDppBVbmYYFOMoDcBY1tTa11n5cukzaYeyz_ngx7lhGped75lf3XQx5sdMaPv6CguqXGWlKe_c_vpUTuzBTYW9hDbpXIt9EVCkHiuRPgDoMcMDuliHCLXjgxk06UJv7fxCDJksDWTzdEpSddhaPGB0i0RBHBZ55ctxohjl2T92Pas-odR7OAXZ7PyAf4wIUCDJntseg4HRBxZ7DwZAMtVMrDG1ssReS_iTdy652mzQS%26c%3DKVpaZX3eyHGJI6Ae6hd2PEuUC_Esdj88RWX4VXMW5QLGGPaslpe47w%3D%3D%26ch%3DFKajQePoN4tm3zSLC0Et8FJOfBDAxC8SsrLr2fN7Y6eLUN63NF9pig%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C5fa8cf931e5349e79d4f08d7bc6ed8c5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637185056580505293&sdata=4mEukSRG%2BUF9CGa6oRGeemvmESHd7aCSyui7QyMe68M%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001ENFlFfGIaTmb_c4zH4iJnJ0CXGr4CaydY_mqy_HK43DqFrSKIT_qv8NyWrqodmXXEPHtFxUnW2fg-e7AFZRpnIB637X7-omsb4xfMZauuXGBy5GKdiZ0YTetkq7SRN4bYmVp2h1TuXmizmvPTvCbdrTBNgmeHyWe2_aqqDxh-Oo3eaQLJC7tm1RgbyLPRVtGd6fnq4P8eWo9Qe6HpCck9a2foKvZLDzAAXfKbMHt6SW_MRlQkXWmovkmSYkd5GQjDpU92ptenVwDzpjFGvOElutNVqBrIz4eYBHul24bONp5JsCSHM4W-W6WX1zfDQUrrGPzwDPJa8evwbYiHt4DILDppBVbmYYFOMoDcBY1tTa11n5cukzaYeyz_ngx7lhGped75lf3XQx5sdMaPv6CguqXGWlKe_c_vpUTuzBTYW9hDbpXIt9EVCkHiuRPgDoMcMDuliHCLXjgxk06UJv7fxCDJksDWTzdEpSddhaPGB0i0RBHBZ55ctxohjl2T92Pas-odR7OAXZ7PyAf4wIUCDJntseg4HRBxZ7DwZAMtVMrDG1ssReS_iTdy652mzQS&c=KVpaZX3eyHGJI6Ae6hd2PEuUC_Esdj88RWX4VXMW5QLGGPaslpe47w==&ch=FKajQePoN4tm3zSLC0Et8FJOfBDAxC8SsrLr2fN7Y6eLUN63NF9pig==" shash="isrkLKLPG04ZTVeeBearbX7dbXmisNjuOZvmwThSuJNvxaMve8CDz+ZGLyFx1GaG5sEKg7dEtr0LEjSfVYNUssGDeQjzQCe8YOOhuDiq/rFurDwdW1f0sVnWgoUK4Ua/NNQRJP3jINvS0glwIVz1ienlHbzCL45lF3TBe/YKWkw=" target="_blank"><span style="color: #1e88b4;">https://halsteadopenhouseindex.blogspot.com/</span></a>.
A great suggestion from one of our readers: write in the comment
section how many visitors were direct buyers and how many came with
brokers. Also, write here if your exclusive is on StreetEasy or not.
Those of you comfortable, you can write here the exact address of
your exclusive, so it becomes visible to all. Also, check the
link to <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001ENFlFfGIaTmb_c4zH4iJnJ0CXGr4CaydY_mqy_HK43DqFrSKIT_qv8NyWrqodmXX963jBEKHhhBtjucBiLbFY8akothiplhhw2_JY3EpFcICKGh4a3zND3Qr7I_n87PfdtFbwInW39jcJ7iBDNExIymv_WMoVy0Re9-AyZ3j8mWahrN7tsANIUgNX4Y9w0ZJJMWjitfVlsPIxXJs55KhQXVyld1OWd6unkK7JUf3vto%3D%26c%3DKVpaZX3eyHGJI6Ae6hd2PEuUC_Esdj88RWX4VXMW5QLGGPaslpe47w%3D%3D%26ch%3DFKajQePoN4tm3zSLC0Et8FJOfBDAxC8SsrLr2fN7Y6eLUN63NF9pig%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C5fa8cf931e5349e79d4f08d7bc6ed8c5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637185056580515283&sdata=9HsvbYAzkOIh0aSHUaKFL33jI4r%2BjYjps7u7Uzv2iLM%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001ENFlFfGIaTmb_c4zH4iJnJ0CXGr4CaydY_mqy_HK43DqFrSKIT_qv8NyWrqodmXX963jBEKHhhBtjucBiLbFY8akothiplhhw2_JY3EpFcICKGh4a3zND3Qr7I_n87PfdtFbwInW39jcJ7iBDNExIymv_WMoVy0Re9-AyZ3j8mWahrN7tsANIUgNX4Y9w0ZJJMWjitfVlsPIxXJs55KhQXVyld1OWd6unkK7JUf3vto=&c=KVpaZX3eyHGJI6Ae6hd2PEuUC_Esdj88RWX4VXMW5QLGGPaslpe47w==&ch=FKajQePoN4tm3zSLC0Et8FJOfBDAxC8SsrLr2fN7Y6eLUN63NF9pig==" shash="X+up+T1IwbZAw5h86EkHqowe5cIbaL1xGNkuW4aX2/FUPJuUeUfyuqVR4+98OyimG3qIUN2Vp3XAJ0jyNw7EinSmyVzAj/erpIYTDUPIewEQZArwVjOLYpXTDsuA8MWehNdZHHDLd0/fnU9ruAcD5PWg3LvUpBodVbX+WnwpkO8=" target="_blank"><span style="color: #1e88b4;">dataset</span></a>. (In the comments section
you will find interesting data, such as addresses of properties or if
there was a price drop, etc.) <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Best
regards,<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Fritz Frigan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">To Sign Up
to Receive Halstead’s Open House Index Report</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><a data-segment-action="add" data-segment-id="dc5f1b50-6428-11e8-aee1-d4ae527536ce" href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001ENFlFfGIaTmb_c4zH4iJnJ0CXGr4CaydY_mqy_HK43DqFrSKIT_qv7jUdsztf6nX2uNht6ilIjpe0dizmcDaQSW0CzSJQ7leek4-OTJNQ9pfAN17VJiTAoaEQyZT7fGBVfiE6PPvUu7sWKO87F6uG9XG-hZiocHy0R36onkBWXwXsvR_jSIwCEwJV6R83ZIOh6TAHO1k2ORfKmfpX3dKqEtctaB16vOL5tpHCG_Zr-FBdR6X6g553RYcuFyFdlmKDDebxPWPT922qgy3QLH_5DcL2sFNP6qCriKo7zvnXOpYIBju-K7N5ajcTvquh-uOguf-VzPAOz1SOH3FYoRJvZ42XTvWnsyoqVyzDSBxvUtSlRkGA_PaonMMcI_emb6kXoytcRBZtD7lrzQcwZRBJL47Jq0MHraiO1d-TAJph0x9J0N9oCqWtyM43nyYX7y9-VfJ24ltJ7h4NblT2Ch7kEb0sH_Jhg06FkIbrB36oF4-cMwqm5M5IrlKLd8cyh2X7xypRkC_hyBMKH6a0At7Sk5sdAtEIeavNOtCS8cnM9xsmv-ppvRo22tiggBv0JF2vU_0B2K8ebw_yyovGUuPIk0h8-ouoCMW58a-If3-_3ENnTR9lJ3hkKTkFlKQBedpwXqQhrBbvGqTqEyMfHW1qys9s52W6ReCxcwC5dnN26TYySyPynNJ6OMBCGEYWQFrnYllPTMkhmopinLxRud_N4Umf5PNy4dUdCBKZSIOuyayFhoeCCdE71ucQiwszlUW9LxZfVDHQXW5jQe8A9s9hzcC1w1lVXVi9DD_uMfBgpokoS4Yj-FyZPCFrAEOQI1hhL0onNJQGJURnIx7nL6fhidPsXg27-h-HQ6VIT-tPdM7CloutXZd45xf0W4rnoFz429yGSMBSgzQv-HGcUqLGvDELheiwEnna_tNy1StVAZc703wbTz70Qv8ua0CSrz7lrOO-p7z-SmyN4JqZIIztPCaYRZxecKFw0QQ9g0rEMKb9u2lhp8PS4FN1z3ZYmT0_EmhsE4iMQjLzojNBsSEqGlZSiJwtApGMQrGtk6O5zACjRGoS8fPHl0oJJQnuZvuqHbP47iPPzOYP3YbLNNWuuz4y9k7cJMOv3wx8-GxGx2g9mfHbUTZBBc1NA1TvEWBk1aWbXoXQlXuc-_yjkZ0DlWXxCiLRmj_73ucYBnGEhmkhVE-5Tu_37WtoBMCRfdh413z2hMy0Z_Lnf1onkICapP9hXAKodjnVGidtyki0h8tc9bSSofCg3R3uxzGLmnuLeFF7RJ8k1TP2eqCUZ82oVpChdydSKzDy3uj_TdU_5RR5r7JG4ZK7FXrJR3xELCoHqDncJ1Pzmm8D_DtX9k7124j50HUG9_YM6kmxgcDrzs%3D%26c%3DKVpaZX3eyHGJI6Ae6hd2PEuUC_Esdj88RWX4VXMW5QLGGPaslpe47w%3D%3D%26ch%3DFKajQePoN4tm3zSLC0Et8FJOfBDAxC8SsrLr2fN7Y6eLUN63NF9pig%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C5fa8cf931e5349e79d4f08d7bc6ed8c5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637185056580515283&sdata=HSP%2BQPRcnpHy9u3APuKQSZKKlZxPBfdeqqgjiWZVZJ8%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001ENFlFfGIaTmb_c4zH4iJnJ0CXGr4CaydY_mqy_HK43DqFrSKIT_qv7jUdsztf6nX2uNht6ilIjpe0dizmcDaQSW0CzSJQ7leek4-OTJNQ9pfAN17VJiTAoaEQyZT7fGBVfiE6PPvUu7sWKO87F6uG9XG-hZiocHy0R36onkBWXwXsvR_jSIwCEwJV6R83ZIOh6TAHO1k2ORfKmfpX3dKqEtctaB16vOL5tpHCG_Zr-FBdR6X6g553RYcuFyFdlmKDDebxPWPT922qgy3QLH_5DcL2sFNP6qCriKo7zvnXOpYIBju-K7N5ajcTvquh-uOguf-VzPAOz1SOH3FYoRJvZ42XTvWnsyoqVyzDSBxvUtSlRkGA_PaonMMcI_emb6kXoytcRBZtD7lrzQcwZRBJL47Jq0MHraiO1d-TAJph0x9J0N9oCqWtyM43nyYX7y9-VfJ24ltJ7h4NblT2Ch7kEb0sH_Jhg06FkIbrB36oF4-cMwqm5M5IrlKLd8cyh2X7xypRkC_hyBMKH6a0At7Sk5sdAtEIeavNOtCS8cnM9xsmv-ppvRo22tiggBv0JF2vU_0B2K8ebw_yyovGUuPIk0h8-ouoCMW58a-If3-_3ENnTR9lJ3hkKTkFlKQBedpwXqQhrBbvGqTqEyMfHW1qys9s52W6ReCxcwC5dnN26TYySyPynNJ6OMBCGEYWQFrnYllPTMkhmopinLxRud_N4Umf5PNy4dUdCBKZSIOuyayFhoeCCdE71ucQiwszlUW9LxZfVDHQXW5jQe8A9s9hzcC1w1lVXVi9DD_uMfBgpokoS4Yj-FyZPCFrAEOQI1hhL0onNJQGJURnIx7nL6fhidPsXg27-h-HQ6VIT-tPdM7CloutXZd45xf0W4rnoFz429yGSMBSgzQv-HGcUqLGvDELheiwEnna_tNy1StVAZc703wbTz70Qv8ua0CSrz7lrOO-p7z-SmyN4JqZIIztPCaYRZxecKFw0QQ9g0rEMKb9u2lhp8PS4FN1z3ZYmT0_EmhsE4iMQjLzojNBsSEqGlZSiJwtApGMQrGtk6O5zACjRGoS8fPHl0oJJQnuZvuqHbP47iPPzOYP3YbLNNWuuz4y9k7cJMOv3wx8-GxGx2g9mfHbUTZBBc1NA1TvEWBk1aWbXoXQlXuc-_yjkZ0DlWXxCiLRmj_73ucYBnGEhmkhVE-5Tu_37WtoBMCRfdh413z2hMy0Z_Lnf1onkICapP9hXAKodjnVGidtyki0h8tc9bSSofCg3R3uxzGLmnuLeFF7RJ8k1TP2eqCUZ82oVpChdydSKzDy3uj_TdU_5RR5r7JG4ZK7FXrJR3xELCoHqDncJ1Pzmm8D_DtX9k7124j50HUG9_YM6kmxgcDrzs=&c=KVpaZX3eyHGJI6Ae6hd2PEuUC_Esdj88RWX4VXMW5QLGGPaslpe47w==&ch=FKajQePoN4tm3zSLC0Et8FJOfBDAxC8SsrLr2fN7Y6eLUN63NF9pig==" shash="WjPgp25fil2zFnunlZQ6fFBxmXWgTC/n2av0kVD6StsIAMEQQ4MAeuXw/hUKqZ1ESn/VFobOLaB2KnXuZCmcwEwOwZtcHSsmV5fl5gR7jYFEqTyRoJfqUiIw0N5JiR8VjzdHBo24/7H0oCqigH5SbenA7/9sTQsIC0oQGTZdX0U=" target="_blank"><span style="color: #1f497d;">Click Here</span></a> <o:p></o:p></span></div>
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<br />Fritz Friganhttp://www.blogger.com/profile/01338330654547035031noreply@blogger.com0tag:blogger.com,1999:blog-9178590370333606794.post-13199530606153203212020-02-20T17:10:00.001-08:002020-02-20T17:10:37.948-08:00Halstead Open House Index - report from weekend of February 16, 2020<br />
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Good morning Halstead
Open House Index loyal supporters!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq3xW0tyesOiG_GC6zhnBgqXZs_5fB5Xb1oOG2-Bw7XQ4PCU5b5oBKRn5-fPpWq3lLKHcBeNH8TV2Ajzj-j4B4Tqp-vyg7ocCuKjKploAs5bhr5KluuibGfmJ34B9MrXlc2ta1XBm-rZXE3IqGbfoBCk4RxX3yuD89AF5HRZI_iJQWUnrvCn5_ro%3D%26c%3DVftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w%3D%3D%26ch%3DpZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Ca8a9ca22d9e246aa229308d7b61a69b5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637178096873323131&sdata=fVHng2wq5bUq6FxMM3BWFcwzclGsKpMxr62oXEZEPWg%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq3xW0tyesOiG_GC6zhnBgqXZs_5fB5Xb1oOG2-Bw7XQ4PCU5b5oBKRn5-fPpWq3lLKHcBeNH8TV2Ajzj-j4B4Tqp-vyg7ocCuKjKploAs5bhr5KluuibGfmJ34B9MrXlc2ta1XBm-rZXE3IqGbfoBCk4RxX3yuD89AF5HRZI_iJQWUnrvCn5_ro=&c=VftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w==&ch=pZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw==" shash="BxdgOezeE6t5dUQi0EYvY9ySrYzKmnY/nmPpH1knZDPoxUeCOyF9qFFc6LFnN/xFh6vu/OP7VE3Adhd4vkUHW0Gewg6huDjKhry60soqFfasGOgU4kNfr4ZzHALCLGUg6TpFDnk6ctJof3vxig+v0cAhB9kc/wCQxL0dWfDBZIw=" target="_blank"><span style="color: #1e88b4;">The numbers are in</span></a> from last weekend,
but it’s kind of disappointing that the number of surveys received is
in steady decline. 258 is the most we received this year on January 26,
and it is getting slower since. How do we get all agents to
participate? How do we get big firms to share their open house data? <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">The average
attendance in NYC last weekend dropped to 4.19, from 4.85 recorded the
weekend before. This is a 13% drop, not insignificant. We received 239
replies to our survey. Last year on February 17, 2019, the average
stood at 4.12. I think it is obvious that traffic at open houses this
January and February is stronger practically every weekend, compared to
2019. An uptick in buyers’ interest?<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">31 open houses
reported zero traffic, many of them “by appointment only”. Please
report all your numbers. Often I receive a comment like “I had
zero traffic, hence nothing to report.” No!! Zero is a number too! The
more data we get, the more accurate the index will be. If you do not
participate when you had zero traffic, the average is artificially too
high. If you advertised your open house on StreetEasy and to
co-brokers, you should report the number, even if it is a zero.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">The record
open house mention this time goes to three open houses! They all
reported 40 parties attending: again this week on top were <b>Judy
Liebman and Dawn Silverstein</b> of Corcoran (last week I did not
mention Judy in my report, my apology) for their open house at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq49UrpnNkIOr5_20mFc5-qX3ovntSGIyukOMAtTeOce1QyhWLkKZeRSW7M3fykSAYRWmiGJsCuEjIjQ4B-GDq8-zFcP_6GEWxDhDoCENmRNUpZVT2B0qX2JdGMh8e2xds6GEgGsmSI6rLHOvIAApfgN4I8eh0TqnyR1cr_YM5LLsQ7O6soGArOwpFq5_aGHHHg%3D%3D%26c%3DVftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w%3D%3D%26ch%3DpZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Ca8a9ca22d9e246aa229308d7b61a69b5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637178096873333130&sdata=%2BYNXyCr%2Fg6gl6WyczMBV4CanzH7N63NNqFZFl4w3BNE%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq49UrpnNkIOr5_20mFc5-qX3ovntSGIyukOMAtTeOce1QyhWLkKZeRSW7M3fykSAYRWmiGJsCuEjIjQ4B-GDq8-zFcP_6GEWxDhDoCENmRNUpZVT2B0qX2JdGMh8e2xds6GEgGsmSI6rLHOvIAApfgN4I8eh0TqnyR1cr_YM5LLsQ7O6soGArOwpFq5_aGHHHg==&c=VftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w==&ch=pZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw==" shash="h6ax6LmHwAbBCS27/jhyqvyt6RU4qiQURKHUsq2nPRCbh7iLkunUrrFTNJkrOQezXn6WpoyqLjq/sUPMm/iaRBcUlljieVV8kc+iPTMn0t/fG+ybtT0aD8nmBMdMneu6D+nMUzn81mBwVHUDzeX/0J9oEi+JenBnnAm3fqkIgq4=" target="_blank"><b><span style="color: #1e88b4;">231 Park Place</span></b></a> (which is in
Prospect Heights, and not in Park Slope as I reported last weekend and
one of you noticed). Also, on top, with 40 attendees came <b>Sandra
Dowling of </b>Brooklyn Heights Real Estate, Inc. at her open house at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq3xW0tyesOiG87A8KMnkgJui4UGlbUx8t-TC6iWqp_Gfe_wg1XZ37J6s-u6cvWNL_N27YvgvK9fiEj4veaCfwWaZQhMDv0K6ZO41efmb19DHzazuciuNma8n9455gEb-ppdiphem46pu-pmPTPbxfahl8Iiqw31DJA%3D%3D%26c%3DVftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w%3D%3D%26ch%3DpZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Ca8a9ca22d9e246aa229308d7b61a69b5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637178096873333130&sdata=sslBm9%2F2PLfGQODpp1eIkAmIR8b%2B%2B6CNwsYljDDMT8M%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq3xW0tyesOiG87A8KMnkgJui4UGlbUx8t-TC6iWqp_Gfe_wg1XZ37J6s-u6cvWNL_N27YvgvK9fiEj4veaCfwWaZQhMDv0K6ZO41efmb19DHzazuciuNma8n9455gEb-ppdiphem46pu-pmPTPbxfahl8Iiqw31DJA==&c=VftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w==&ch=pZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw==" shash="JkL9Tjya40gc7zPvY2RuVs9eawBFpVYuJ3PLEQ4FF9WmNRkQGxtpvmELgtxi50j+BN8h8zA/8QcGH5ZEKpSDJKJsLqK7wDvpL0i2c1Fuxnz/wKqREDC+5uiJJGcw4gH6a85WB3V6UNdXXajwhZSs9qMCnIYv38L52lf4aXkG3T4=" target="_blank"><b><span style="color: #1e88b4;">114 Clinton Street</span></b></a><b> in Brooklyn
Heights</b>, as well as <b>Greg Mire</b> of Compass, who reported 40
attendees at his open house at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq3xW0tyesOiGOnrGbgvdMNQcWnFylUwyc7Xv3xrnbszGOsebLKzLHPPhKc1f6SFfHfI97bgrBTcKwZs-D0Ct2DIjwAJ6VN-tvgra70YfM7vFIr5pkCiJPQqz6eAPzXtlps0Lhvr1ROXmQ3dF0VDhf4hMmdZlnYhxzL6SSomQ9hu8sv_hh8CaB8EEJCGMgCNRPMdn9j3Rlpm0kpGCNYTOQAR8D06TyQDdpMLfePcBpblCgXeriKb9pfVmVIEcNDEgQibLwcV45ju8%26c%3DVftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w%3D%3D%26ch%3DpZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Ca8a9ca22d9e246aa229308d7b61a69b5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637178096873343119&sdata=%2F0qVR3azQROi1FVCGq3dwEH4LzlGg5XPHhrUS%2Bqwfz4%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq3xW0tyesOiGOnrGbgvdMNQcWnFylUwyc7Xv3xrnbszGOsebLKzLHPPhKc1f6SFfHfI97bgrBTcKwZs-D0Ct2DIjwAJ6VN-tvgra70YfM7vFIr5pkCiJPQqz6eAPzXtlps0Lhvr1ROXmQ3dF0VDhf4hMmdZlnYhxzL6SSomQ9hu8sv_hh8CaB8EEJCGMgCNRPMdn9j3Rlpm0kpGCNYTOQAR8D06TyQDdpMLfePcBpblCgXeriKb9pfVmVIEcNDEgQibLwcV45ju8&c=VftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w==&ch=pZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw==" shash="Ael7BKMddmBk4wiKT2MV7YeXpiVwOgv/1+wNxJf1l45J39BsI9+iZMnXn+m9C8n1w+qfqJf2i9wDkIWcoUnaoYPddqB1nBv1Y/QAH2mQUPCY8XD0X9zRcyWl+4gVZqRguX+fHzEcZ0gf3O3ZQFAc5hMUP8nZbZEgnjKJfpxNK+0=" target="_blank"><b><span style="color: #1e88b4;">134 Boerum Place</span></b></a><b> in Cobble Hill</b>.
Brooklyn was on fire last weekend, it seems! <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Here is from <b>Greg
Mire</b>, in his own words: “<i>Our listing is special in the sense
that the location is super prime with limited inventory, it is a condo
with private outdoor space and a washer/dryer, and has the option to
purchase parking. We are strategically priced for a quick sale, and it
also doesn’t hurt that our listing shows very well and our photography
turned out beautifully. The attendance was much heavier at the
beginning, and given this is a one-bedroom, we had to hold some crowds
at the door a few times. But it flowed pretty smoothly about a half
hour in. We have four different parties who have promised offers</i>.”
<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Here is from <b>Dawn
and Judy</b>, in their own words: “<i>Our exclusive continues to be so
attractive for several reasons. First the photos and staging make the
property appealing to the consumer. We were featured in Curbed
last week, which brought a lot of interest. The apartment itself is
beautiful with a renovated kitchen and bathroom as well as many
upgraded details. The location is desirable. It’s right on the B and
Q train lines. Also, prospect heights has become increasingly more
popular over the past few years. , and it’s well priced. The
crowds were challenging but we had the opportunity to greet everybody
who walked in. We also accommodated some people for second showings and
had a midweek open house to ensure everyone got the time and attention
they needed. Yes, we have multiple offers. We’re calling for highest
and best today by </i>3 PM<i>.”</i> <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Here is from <b>Sandra</b>,
in her own words: “<i>My apt was very well priced compared to other 2
bedrooms in Bklyn Heights not to mention a sponsor unit with a
wbfplc We did expect over ask which we have multiple. I had
an agent at the door and an assistant in the apartment. I have
also been showing all week to another 25 or so. It did require a new
kitchen and upgraded bathroom otherwise beautifully restored.</i>”
<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">There were
5022 open houses in New York City last weekend and roughly 5569
prospective buyers were hopping from one open house to another. <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq3xW0tyesOiGJAHiSADy6H2c0Uw_b-5eRT3z727KM-b_O86sZr5CY--8rpe65A4eS6daFqlEm-qlZ5zHQ8uw5TDC3RbeOJ-4CjR-XAzquZBZBkyON6M9LHi7uqrHbG4fRykqxPOyPl1UsXEiap4yZqENKTrUGWDVmNrZfU08xJKATf9oxgIU638%3D%26c%3DVftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w%3D%3D%26ch%3DpZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Ca8a9ca22d9e246aa229308d7b61a69b5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637178096873343119&sdata=WLuG3h8jmOFJ%2Fl1yoTMjMV%2Frorzfc9BQyOIREayh%2FII%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq3xW0tyesOiGJAHiSADy6H2c0Uw_b-5eRT3z727KM-b_O86sZr5CY--8rpe65A4eS6daFqlEm-qlZ5zHQ8uw5TDC3RbeOJ-4CjR-XAzquZBZBkyON6M9LHi7uqrHbG4fRykqxPOyPl1UsXEiap4yZqENKTrUGWDVmNrZfU08xJKATf9oxgIU638=&c=VftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w==&ch=pZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw==" shash="IC/5GKmnxZ6iUOENQsRMP0m/jjwGyzzEaOu+dQpz+JoaeiDP+DhiU4No1n0Njuq8azAIAyqzFtw++/npKo4R0snEL/SIgnLyj6Ta6ige1px/ROtk+wRBaMTaWkkF9Rs8PAMRzhUumG7xoSizo3mG0yZ6kqqfFFWwj0kC19LufrU=" target="_blank"><span style="color: #1e88b4;">Here </span></a>is the dataset. Let’s check the
boroughs: <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Manhattan</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average dropped to 3.52 per open
house, from 4.20 recorded the weekend earlier. A 16% drop in traffic,
which is significant. Busy in East Village (13.00) from just three open
houses submitted. Above the average traffic in Central & west
Village (4.73), Upper West Side (4.37), Gramercy Park Area (4.20). Even
Upper East Side was above the average with 3.75. Way below the average
was in Midtown West (1.86) and Midtown East (2.20). See the rest below.
We received 190 replies from Manhattan. Last year, on February 17,
2019, the Manhattan average stood at 3.93. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Brooklyn</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – very strong 8.39 per open house,
thanks to these three super strong open houses with 40 attendees each.
Hence, Brooklyn Heights, Cobble Hill and Park Slope/Prospect Heights
are off the chart. See details below. We received just 31 replies from
Brooklyn. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Bronx</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average dipped to 3.78, from
5.08 the weekend before. Just 9 open houses received from the Bronx. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Queens</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average dipped to 4.20 from
an insignificant statistical sample of just 5 open houses that
arrived from Queens. I don’t think the Queens agents care very much
about these statistics? <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Staten Island</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – radio silence. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Size</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – Multi-family buildings (13.75),
JR4s (9.86) and Townhouses (8.50) were super hot. Studios (2.03) and
4BRs (2.60) on the bottom of interest. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Price</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> - $500K-$1M most visited price
segment with 4.98. Above $3M were of least interest with 1.90. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Type</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – practically no difference in co-op
vs. condo attendance. We did not see this in a while. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Condition</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – Excellent/mint condition on top
this week with 4.41. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">First Open
House</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – 205% more
traffic at first open houses (7.73) vs. the stale ones (3.76). <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">By Appointment
Only</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – 280% more
traffic at “normal” open houses (4.46), vs. those advertised “by appointment
only” (1.59). <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">This is all
for now. I received interesting comment from <b>Therese Bateman</b>, of
Level Group, in response to Aimee Becker’s initiative to delay posting
her sales listings on StreetEasy: “<i>Hi Fritz, Thank you for the OH
Index - indeed, knowledge is power and having real time data like this
is invaluable. I applaud Aimee Becker's initiative. I will be delaying
putting any of my new exclusives on StreetEasy for at least the first
month of the listing agreement. In addition to co-broking, (90% of NYC
sales), I will market my exclusives through alternative methods. Other
agents will do the same. We know we don't need StreetEasy and it's time
StreetEasy learns that it does need us. StreetEasy can't be the
"go to" for sales listings when new listings are seen
elsewhere for a full month before they appear on SE, let alone the
number of listings that will never show up at all. Members of the
public will gravitate to the next site that "has it all" (especially
the new listings) such as </i><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq3xW0tyesOiG5uSXAVf1k_kYXhujzp4kshR7qyVTzevmoqiXIfCeY3ad9rEqTnCO2khMqD8flzrKm_HzuYC8hTtKSRbI0tDJKjiS2dB7kHxRDiVhmWT6k0UHLNxsiF3ElKzIcp8Duh6yjOh6beUo-NVWdjJ5SIXWs34m2EiFGh0tKLHwfSRqm_guxYZt_sYDChCO5ok75EdOWfFpN6DPxF7bmk5mB3Wbvw8Q0lj0CsIxFQDQ3m1aj2-Llx6hHj5HDvMahn1ML-M--Y9PRqenyBK-81alA0OPc2peET7YTM7ULh29_6l8X6pfBccizQLNd2iwtI1tzg5IHqRM7hAxuN8l57OQPct9K-ouHjJPF6BRPnEGiyhOOv1FQxbUZyCq8HM-ZHcjYYLbneRy-uHKvbAlxMBIxlL5lKqKhqe3odZDEWnVLuwF0wayF53WqkNLaXn6kFWNSMs6uWgmfzN9TQDoG3740NXNMJTWOP1bJQqzYBZZujIH2vs%3D%26c%3DVftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w%3D%3D%26ch%3DpZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Ca8a9ca22d9e246aa229308d7b61a69b5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637178096873353110&sdata=l3iDMNtQu6mSM0rwt9lNxOVT%2B1%2BP4DwOtfuPcYyOb2E%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq3xW0tyesOiG5uSXAVf1k_kYXhujzp4kshR7qyVTzevmoqiXIfCeY3ad9rEqTnCO2khMqD8flzrKm_HzuYC8hTtKSRbI0tDJKjiS2dB7kHxRDiVhmWT6k0UHLNxsiF3ElKzIcp8Duh6yjOh6beUo-NVWdjJ5SIXWs34m2EiFGh0tKLHwfSRqm_guxYZt_sYDChCO5ok75EdOWfFpN6DPxF7bmk5mB3Wbvw8Q0lj0CsIxFQDQ3m1aj2-Llx6hHj5HDvMahn1ML-M--Y9PRqenyBK-81alA0OPc2peET7YTM7ULh29_6l8X6pfBccizQLNd2iwtI1tzg5IHqRM7hAxuN8l57OQPct9K-ouHjJPF6BRPnEGiyhOOv1FQxbUZyCq8HM-ZHcjYYLbneRy-uHKvbAlxMBIxlL5lKqKhqe3odZDEWnVLuwF0wayF53WqkNLaXn6kFWNSMs6uWgmfzN9TQDoG3740NXNMJTWOP1bJQqzYBZZujIH2vs=&c=VftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w==&ch=pZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw==" shash="Ysv3TXq2Ka1mGNb1dDDhpd+lZKfV2kV+YO+Q573iJjq9d1c3uEb5/eWRCoVkxb/0wyFIAdYo9ESwr+6UzIpu97xI04nsUSY9u3FMHTSsZoA/VdhA7QmAJCxfcFHIXdSq5oVH89veEH8IVAvhyE0848RGyCXJ1+VF9U3nBFPzCkI=" target="_blank"><i><span style="color: #1e88b4;">www.linecity.com</span></i></a><i> which is free
to use. It is comprehensive because it includes all those listings that
agents do not feed or delay feeding to StreetEasy. It is the new,
attractive public interface of OLR (good reliable tech and database),
which is not looking to steal or require payment for your leads. If we,
the thousands upon thousands of agents use our individual and social
media influence to alert our clients, friends, family and colleagues to
an alternative comprehensive website, the general public will gravitate
to the most direct, reliable and least misleading source of
information. It's time. I'm definitely OK with you publishing my
comment.</i>” <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Let me know
what you think. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Best of luck
at your open houses this weekend. Do not forget to check the dataset. A
lot of interesting comments from all of you. If your listing is NOT on
StreetEasy and you had an open house, please put that in the comment
section. It will be interesting to track the traffic generated just from
co-brokering and from other web sites.<o:p></o:p></span></div>
</td>
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</tbody></table>
</td>
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</tbody></table>
</div>
<div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
<div align="center">
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; min-width: 100%; mso-padding-alt: 0in 0in 0in 0in; mso-yfti-tbllook: 1184; width: 100%px;">
<tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0; mso-yfti-lastrow: yes;">
<td style="padding: 0in 0in 0in 0in; width: 100.0%; word-wrap: break-word;" valign="top" width="100%"><table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; min-width: 100%; mso-padding-alt: 0in 0in 0in 0in; mso-yfti-tbllook: 1184; width: 100%px;">
<tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0; mso-yfti-lastrow: yes;">
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">PS: Do not
forget to check my reports on my blog at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq8z9LAXLt3vMtx_RVbFi35M0NAQkj_TjbJDTLbOTvO-dZi73CqP3lOu-3dQmDNUNCJE0KZ9ASrVV4gyncMqVhtp16zyT2GA7X9-ZlW9rEeS8SCQWvQfcw4w%3D%26c%3DVftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w%3D%3D%26ch%3DpZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Ca8a9ca22d9e246aa229308d7b61a69b5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637178096873353110&sdata=UWsZnIH97Dytp6AO2JLqKuhPleIOzLVP5PHve9JhgoY%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq8z9LAXLt3vMtx_RVbFi35M0NAQkj_TjbJDTLbOTvO-dZi73CqP3lOu-3dQmDNUNCJE0KZ9ASrVV4gyncMqVhtp16zyT2GA7X9-ZlW9rEeS8SCQWvQfcw4w=&c=VftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w==&ch=pZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw==" shash="RA5/Q16ZqXYy6G99NGG+Ugw3Ljz4JwkU5xndLMmujc1X/fKbmfPh7pShVIVorXZ2sbrVEPAsA6ll6v3RT7CJznzu4mEiFWwfwZuDufiyOKu9E0vMiCfgd4KNH+uNsqW4JeNMmYn/+wmzndNWPP7YrK7oWKMAmCSXJvodLa2jBbc=" target="_blank"><span style="color: #1e88b4;">https://halsteadopenhouseindex.blogspot.com/</span></a>.
A great suggestion from one of our readers: write in the comment
section how many visitors were direct buyers and how many came with
brokers. Those of you comfortable, you can write here the exact address
of your exclusive, so it becomes visible to all. Also, check the
link to <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq3xW0tyesOiGJAHiSADy6H2c0Uw_b-5eRT3z727KM-b_O86sZr5CY--8rpe65A4eS6daFqlEm-qlZ5zHQ8uw5TDC3RbeOJ-4CjR-XAzquZBZBkyON6M9LHi7uqrHbG4fRykqxPOyPl1UsXEiap4yZqENKTrUGWDVmNrZfU08xJKATf9oxgIU638%3D%26c%3DVftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w%3D%3D%26ch%3DpZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Ca8a9ca22d9e246aa229308d7b61a69b5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637178096873353110&sdata=MZvHP3mLKHB4rezM0uPpfYsUNSfsAU5KM2CVTf92n24%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq3xW0tyesOiGJAHiSADy6H2c0Uw_b-5eRT3z727KM-b_O86sZr5CY--8rpe65A4eS6daFqlEm-qlZ5zHQ8uw5TDC3RbeOJ-4CjR-XAzquZBZBkyON6M9LHi7uqrHbG4fRykqxPOyPl1UsXEiap4yZqENKTrUGWDVmNrZfU08xJKATf9oxgIU638=&c=VftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w==&ch=pZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw==" shash="i6DeAViIVlAaTcfiFB6hkMSvM8xnb+GoBuOe850zYMSSOhlS6CbkzOM1tjc/J4vLYZehlcgHBRG4VXAaEswib7qgh7mpUiqWXicTGpXzyfqZI3dZNrSoFN8GhKXhiT4UTICAToVmOXaDg67VajNo6PfBdDfl8mAw2jjjTnr+psc=" target="_blank"><span style="color: #1e88b4;">dataset</span></a>. (In the comments section you
will find interesting data, such as addresses of properties or if there
was a price drop, etc.) <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Best regards,<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Fritz Frigan</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">To Sign Up to
Receive Halstead’s Open House Index Report</span><span style="color: #1f497d; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> </span><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><a data-segment-action="add" data-segment-id="dc5f1b50-6428-11e8-aee1-d4ae527536ce" href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq0FA57bjLvLRc76iYeiTMwZhKCcBfvddIAUyJyUs7l_QDEwxstlza9MA3bWDvjIYuaplWFrvtuG4edaZKky0j8k91C7xbmikW1WCi9JhYdqxAMWzQ2E5WCYvYnq-Ehk06X5JZcxIHFRsoMsi5Xd5f6uXtppSKevoVhMJS4KaItODw1CfT0wKFXYARP_GNuzpL7ppsPnEZnzT6Jcbd-ek7ftUeaq_PhglAzH6htIcebWvijm3T5YEnsGnY8GxAZefxGEGQkNVBeJlj03Q25Ca3qmyygx0J47_bX_zv4xCryfc_l8P17Z1YtJ3J5XuIf3ZUk5vaFMD3iqZcfKaI0l4oqemJbeZuLag-bTEbYRJx4ZUpWEnYbe5E1x01iuapnxSLD_YhwknmIRVs6kFLhoZaGZ82-KYVzzzV6tWnVjQql0gC6y9SYXYriuB8nywW18HHBpUPiLlZsH0eg2cJdIcEoGTz6EdIHEWMrORER1jUkNaHrW8pnRdDJ39mKdt7QhvbN-ZIuVxHyV1SY5Z81WeFUevEAf1XhcgNhSIm-9DuVP7E7ZI6Z0vFNTfzkfQ6EONlLN2CjAne_zAjyKiBfFwnfzW-D0QziukNyBC2KWyEP0X-KeyqwuHn8ZXAe_LiJ7osI5bQbabkHjx9PuXtVJNESZ2AS9Y8LH6WqDMomIaVGv02bd582W8579uD2xvtNYp8CHvXm5ibNyqhdYIBPIohmy8w1P6PTm9gaKdnfaxhG7-xQsVd28Ch3PncKQOPcx02rBM6e8SQNsjmk5leywlzIsjE_Ou24ieUp40LBtEJ5VnitPDT-RszHxy-U9yFWffAlkUXrMsNiVImrSMaxkmKV-xgxxCqeZvJ8VLZFulp2dJPJ31FmJQzBNtJt9ZX2J4Hjp3GS4tZXfdBEj-jBK8Tivak7-FeWlOT2ruX5JGLAqmNeP9e104Je1LJVnA25fRagHLMNWH1RAtHAYhJeOW459JndjM3zgygJX8-qejWpbUwKnbe0HOudpP3Amor7OOtuUWMhbf6hPUJk2DuTAEowdUb9x0lmrdr1xgLkxQ-GiPFZz_-7S-YwpnfwegC2nsrg69U2WCrTsOifOWhCWZcOvFInD3S6tUipCH7eZvMrb1m0oCYq-0B5dnY6jCU5nMUt9Cdo9T_xpPta_DSvWQpce4utwE0yUtgYSk_dsEXajnJ77j4fTYpBy6Z7axwzov84G2LL13EYPi8Dv6tgnJ4nsPaFblm0gj3GIKj-loxNfIb0TpYWcVxrub3FStsZBhNkNe2VRl77GJP47igvOv5DYRmpf6WLuI2YqR9uoJ1pGDzaqUuC4dSDE%3D%26c%3DVftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w%3D%3D%26ch%3DpZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Ca8a9ca22d9e246aa229308d7b61a69b5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637178096873363106&sdata=s%2Fbyj%2BHv1ub226Zvu8U98xRp6mbbCb%2FJp%2F%2BkPS0RDyE%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001XnnPijteZdQwEEvUThuxi9lPEFO-kpOynAbgmYjB5VUgBhdEqQUrq0FA57bjLvLRc76iYeiTMwZhKCcBfvddIAUyJyUs7l_QDEwxstlza9MA3bWDvjIYuaplWFrvtuG4edaZKky0j8k91C7xbmikW1WCi9JhYdqxAMWzQ2E5WCYvYnq-Ehk06X5JZcxIHFRsoMsi5Xd5f6uXtppSKevoVhMJS4KaItODw1CfT0wKFXYARP_GNuzpL7ppsPnEZnzT6Jcbd-ek7ftUeaq_PhglAzH6htIcebWvijm3T5YEnsGnY8GxAZefxGEGQkNVBeJlj03Q25Ca3qmyygx0J47_bX_zv4xCryfc_l8P17Z1YtJ3J5XuIf3ZUk5vaFMD3iqZcfKaI0l4oqemJbeZuLag-bTEbYRJx4ZUpWEnYbe5E1x01iuapnxSLD_YhwknmIRVs6kFLhoZaGZ82-KYVzzzV6tWnVjQql0gC6y9SYXYriuB8nywW18HHBpUPiLlZsH0eg2cJdIcEoGTz6EdIHEWMrORER1jUkNaHrW8pnRdDJ39mKdt7QhvbN-ZIuVxHyV1SY5Z81WeFUevEAf1XhcgNhSIm-9DuVP7E7ZI6Z0vFNTfzkfQ6EONlLN2CjAne_zAjyKiBfFwnfzW-D0QziukNyBC2KWyEP0X-KeyqwuHn8ZXAe_LiJ7osI5bQbabkHjx9PuXtVJNESZ2AS9Y8LH6WqDMomIaVGv02bd582W8579uD2xvtNYp8CHvXm5ibNyqhdYIBPIohmy8w1P6PTm9gaKdnfaxhG7-xQsVd28Ch3PncKQOPcx02rBM6e8SQNsjmk5leywlzIsjE_Ou24ieUp40LBtEJ5VnitPDT-RszHxy-U9yFWffAlkUXrMsNiVImrSMaxkmKV-xgxxCqeZvJ8VLZFulp2dJPJ31FmJQzBNtJt9ZX2J4Hjp3GS4tZXfdBEj-jBK8Tivak7-FeWlOT2ruX5JGLAqmNeP9e104Je1LJVnA25fRagHLMNWH1RAtHAYhJeOW459JndjM3zgygJX8-qejWpbUwKnbe0HOudpP3Amor7OOtuUWMhbf6hPUJk2DuTAEowdUb9x0lmrdr1xgLkxQ-GiPFZz_-7S-YwpnfwegC2nsrg69U2WCrTsOifOWhCWZcOvFInD3S6tUipCH7eZvMrb1m0oCYq-0B5dnY6jCU5nMUt9Cdo9T_xpPta_DSvWQpce4utwE0yUtgYSk_dsEXajnJ77j4fTYpBy6Z7axwzov84G2LL13EYPi8Dv6tgnJ4nsPaFblm0gj3GIKj-loxNfIb0TpYWcVxrub3FStsZBhNkNe2VRl77GJP47igvOv5DYRmpf6WLuI2YqR9uoJ1pGDzaqUuC4dSDE=&c=VftfhC_ce1-ymU0gJ2BWF-hNymWfj2kxQVdTmLmPM0OHXIIAraQD3w==&ch=pZZxdkj9UIhAOifMUE8WPCx4_9DAUgp7VOwQRG8VpjpZnp0TIxRigw==" shash="H7Y624dtBsklZEYe5rtYnAqH0c/DBsYMKWx9nQuQFlNA4Up7cy5J7mPK+lpJyTh6jvJm7HE50cMLW175xLHhnh2naU+R37zzy/ggVL4NK3Oqi9pU11xmL4n0Ut3d2g7Qv1rom9siRPJDVxyp65P+p5U+6lm7ICqkrOVZ9Vch1XU=" target="_blank"><span style="color: #1f497d;">Click Here</span></a> <o:p></o:p></span></div>
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<br />Fritz Friganhttp://www.blogger.com/profile/01338330654547035031noreply@blogger.com0tag:blogger.com,1999:blog-9178590370333606794.post-12671313981127577652020-02-20T06:39:00.002-08:002020-02-20T17:10:25.114-08:00Halstead Open House Index - report from weekend of February 9, 2020<br />
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Good morning
Halstead Open House Index members and supporters!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">It is
Thursday, time to share my weekly open house recap with your sellers!
So, what happened last weekend?<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">The <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001sh0YsziKczhzbuUkj6TeZxuw0Hxsk_h24H1WYvt4Cbn0N1-YvkbHO7J5Pw264pTQJQzBAQRgT8hXxta6J-PGddlTYL6xwSdr1cs8KtobtjFGWIHNncYH-fiCOGRK6jTprLNDstxpToEJ9PNwYG8ZXrcrEVGcUUYyNW7Gj_pEeeiu_kPbHVs56CUehAoHSkYC8UcTtYShNyKBLNs5N8zYsodC1pTG_Ly1vQgRk2DMfwk%3D%26c%3DdnvwscOmjaeZpr7QK9gshgPcMeYlPEfiqjcq9h2l_kCWe-7LFrV--A%3D%3D%26ch%3DqA5qgbLkL0rcs6PUqN2GtHc6D85uGGgelH1moxPF_Z1zTec9BwAGlQ%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Cf8e4d8f9f8a24f4326f208d7b0991887%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637172043893423507&sdata=AuaeegJ0u%2FRGd8D47ueSQlEok7Ekmu7ztHlFuZiGmRw%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001sh0YsziKczhzbuUkj6TeZxuw0Hxsk_h24H1WYvt4Cbn0N1-YvkbHO7J5Pw264pTQJQzBAQRgT8hXxta6J-PGddlTYL6xwSdr1cs8KtobtjFGWIHNncYH-fiCOGRK6jTprLNDstxpToEJ9PNwYG8ZXrcrEVGcUUYyNW7Gj_pEeeiu_kPbHVs56CUehAoHSkYC8UcTtYShNyKBLNs5N8zYsodC1pTG_Ly1vQgRk2DMfwk=&c=dnvwscOmjaeZpr7QK9gshgPcMeYlPEfiqjcq9h2l_kCWe-7LFrV--A==&ch=qA5qgbLkL0rcs6PUqN2GtHc6D85uGGgelH1moxPF_Z1zTec9BwAGlQ==" shash="ovMviEIuNJXT3jGrBAZArGstX5s08E8nvFJTsoxhCR+fdd7fzi5J5Z8vvQqjvvHI5i6xAkZZYcjHWyeQkIcAlaJywZ8UA+R/+47v16tJdY+99F4m+XhBGLuU1x7fgKvQnYpxw7+u/fhMHpxOwSd9fJ65TH5wPpGH5+XF8cQj8sM=" target="_blank"><span style="color: #1e88b4;">numbers are in</span></a> and the average
attendance in all of NYC jumped to 4.85 parties per open house. (From
4.20 recorded the weekend prior.) A nice 15% uptick in traffic. Last
year, on February 10 weekend, we reported 4.50. We received 248
replies this week, which does not make me particularly happy. We used
to get 350-400 responses each week, what happened? <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">26 open
houses reported zero traffic, this is 10%. What are you guys doing at
such slow open houses? I recommend the book “<a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001sh0YsziKczhzbuUkj6TeZxuw0Hxsk_h24H1WYvt4Cbn0N1-YvkbHO7J5Pw264pTQmN5t9ULDB9bXF_XK-A_BhAMSyplT6xquEbTE5KfqYEgX-sPAJ85JhPIGLyZrPWNZyGL9tOivk4chJr9u_U1ZzxxYfkcC9Yl5jhnLq4T2LKZg7PN7ce_WISMCtSzEZW-uH500y88YQjw3zhStGX0Mo7NJk9I012Bj%26c%3DdnvwscOmjaeZpr7QK9gshgPcMeYlPEfiqjcq9h2l_kCWe-7LFrV--A%3D%3D%26ch%3DqA5qgbLkL0rcs6PUqN2GtHc6D85uGGgelH1moxPF_Z1zTec9BwAGlQ%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Cf8e4d8f9f8a24f4326f208d7b0991887%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637172043893433502&sdata=zh%2Fb6v1CqIQxrtw0FUShgMlKnC1Xk4NWVCJHRx89I5U%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001sh0YsziKczhzbuUkj6TeZxuw0Hxsk_h24H1WYvt4Cbn0N1-YvkbHO7J5Pw264pTQmN5t9ULDB9bXF_XK-A_BhAMSyplT6xquEbTE5KfqYEgX-sPAJ85JhPIGLyZrPWNZyGL9tOivk4chJr9u_U1ZzxxYfkcC9Yl5jhnLq4T2LKZg7PN7ce_WISMCtSzEZW-uH500y88YQjw3zhStGX0Mo7NJk9I012Bj&c=dnvwscOmjaeZpr7QK9gshgPcMeYlPEfiqjcq9h2l_kCWe-7LFrV--A==&ch=qA5qgbLkL0rcs6PUqN2GtHc6D85uGGgelH1moxPF_Z1zTec9BwAGlQ==" shash="U7r+oPIqDhy9jo8LckAoJg+qErgGRG/7sRXT1GOthgy40JhCFZoNg/m/R7Sxv4Gt7c/pZ6KubHBiuR1kmUSjM4lHVLFm0ZFDebPMXURtfaIJk7QjN1Zlxrzc2NKuYIhg5sO0xYlUQTEAorQr2U6Tos6huFkn9R9Szg3JxVEknaQ=" target="_blank"><b><span style="color: #1e88b4;">Million Dollar Networking</span></b></a>” from
Andrea Nirenberg. Superb advice on how to expand and nurture your
network. So you keep your pipeline full with referrals. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">The most
visited open house this weekend broke all recent records. <b>Dawn
Silverstein from Corcoran</b> reported 91 parties at her first open
house at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001sh0YsziKczhzbuUkj6TeZxuw0Hxsk_h24H1WYvt4Cbn0N1-YvkbHO7J5Pw264pTQJh37zW4dXrmlX4cHXM92gKdVCszv5hndDEBvZ6AA5Jc2759Z6AVriUWScvVNvZQFL6jfg4Y1UKVY4nK9dDEU84JLMSQbSjk8di11Fo0wp917xFQQQUtaxUCzploMZbqDeoBLw1CpX3Zn_TAfVBAlDRcgzdjFTX5hfk1E0mA0YmqSU5Qq7w9XnQ%3D%3D%26c%3DdnvwscOmjaeZpr7QK9gshgPcMeYlPEfiqjcq9h2l_kCWe-7LFrV--A%3D%3D%26ch%3DqA5qgbLkL0rcs6PUqN2GtHc6D85uGGgelH1moxPF_Z1zTec9BwAGlQ%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Cf8e4d8f9f8a24f4326f208d7b0991887%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637172043893433502&sdata=qRsUOe%2Fwyva7hEMnltHbyLEOgz1YZhVF2y%2BMNhfHH8o%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001sh0YsziKczhzbuUkj6TeZxuw0Hxsk_h24H1WYvt4Cbn0N1-YvkbHO7J5Pw264pTQJh37zW4dXrmlX4cHXM92gKdVCszv5hndDEBvZ6AA5Jc2759Z6AVriUWScvVNvZQFL6jfg4Y1UKVY4nK9dDEU84JLMSQbSjk8di11Fo0wp917xFQQQUtaxUCzploMZbqDeoBLw1CpX3Zn_TAfVBAlDRcgzdjFTX5hfk1E0mA0YmqSU5Qq7w9XnQ==&c=dnvwscOmjaeZpr7QK9gshgPcMeYlPEfiqjcq9h2l_kCWe-7LFrV--A==&ch=qA5qgbLkL0rcs6PUqN2GtHc6D85uGGgelH1moxPF_Z1zTec9BwAGlQ==" shash="t8MUtuCegQkenvr+TBROKZInE/QzZJidZg/t0bONchphM1Q4tvLi3gbsUAeVJ2J2raIsziRgIj5my6RJ5iPLHOrPyGcDN7/9Hbcvallvoi6CNtnk5vy6gJlEcaOsCbta5C3OB2eVleWo4TY6NefbG+TTplGSHfAhorzPXa1PoSE=" target="_blank"><b><span style="color: #1e88b4;">231 Park Place </span></b></a><b>in Park Slope
in Brooklyn</b>. Yup, you read it right. She said there were probably
180 people at the open house! Here, in her own words: <i>“We think
there are a few factors why we had such a large crowd. The
apartment is very charming and beautifully renovated. Our staging
and photos really captured the highlights of the apartment. From the
data we saw, we feel we priced it well. There were two of us and
there was a steady flow over the 2 hour window. Someone actually said
this will give her an idea of what it would be like to throw a party.
So far we have 1 offer, expecting more to come in.”</i> <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">There were
5607 open houses held in NYC last weekend and roughly 7198
prospective buyers were hopping from one to another. <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001sh0YsziKczhzbuUkj6TeZxuw0Hxsk_h24H1WYvt4Cbn0N1-YvkbHO7J5Pw264pTQsAXPh2oa6srHkcRlULKArTByWSGdzgqyVjG4NkGPYi75k73AJ8W6znNNfMBsAuwtez3xIphoCIV2sYlET-xy8_afEkTZf7jmV1rXfCbuJIcid0lTkf4ABnXLVKqRzm6FdAXd3UTGtHE7KiFq5o2GT0sVcQUL1ZOp95bYHFzQOgg%3D%26c%3DdnvwscOmjaeZpr7QK9gshgPcMeYlPEfiqjcq9h2l_kCWe-7LFrV--A%3D%3D%26ch%3DqA5qgbLkL0rcs6PUqN2GtHc6D85uGGgelH1moxPF_Z1zTec9BwAGlQ%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Cf8e4d8f9f8a24f4326f208d7b0991887%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637172043893443493&sdata=F4FvU9scnZTuqRm3lS0ztOgLmNJMuErT6yruoJvTUmw%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001sh0YsziKczhzbuUkj6TeZxuw0Hxsk_h24H1WYvt4Cbn0N1-YvkbHO7J5Pw264pTQsAXPh2oa6srHkcRlULKArTByWSGdzgqyVjG4NkGPYi75k73AJ8W6znNNfMBsAuwtez3xIphoCIV2sYlET-xy8_afEkTZf7jmV1rXfCbuJIcid0lTkf4ABnXLVKqRzm6FdAXd3UTGtHE7KiFq5o2GT0sVcQUL1ZOp95bYHFzQOgg=&c=dnvwscOmjaeZpr7QK9gshgPcMeYlPEfiqjcq9h2l_kCWe-7LFrV--A==&ch=qA5qgbLkL0rcs6PUqN2GtHc6D85uGGgelH1moxPF_Z1zTec9BwAGlQ==" shash="Qt8Xh+2+GwKiq2Xq353vER/btcxCLyw4/3OsCIYVg9klu7zm8pbUapHr3qp9EBQK6oTQgJedVlyP+oEE2dyYQ0gs29gmKzMewcGd09zKsMbs2GTZLKRmdaZvVRRzZrEgazq3/Mg1EVDFLRGIHn/9BRJpdLXcoyq9HbwBxzW0Hlg=" target="_blank"><span style="color: #1e88b4;">Here </span></a>is the dataset. Let’s check the
boroughs: <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Manhattan</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average jumped to 4.20, from
3.79 the weekend earlier. Nice 10% uptick in Manhattan. East Village
(10.71) was through the roof, thanks to one open house by <b>Rudi
Hanja of BHS</b>, who reported 41 parties. Even without it, East
Village would have reported 5.66, better than average. UWS was
stronger than average (5.22) and so was Central & West Village
(4.73). Upper East Side was weak last weekend (3.73) and so was in
Harlem (3.00), Midtown East (3.26) and Midtown West (3.14). Manhattan
recorded 4.39 last year on February 10, 2019. See the rest
below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Brooklyn</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average jumped to 8.22, from
6.92 the weekend before. But, primarily thanks to this one record
open house. Without it Brooklyn actually went down to 5.85. This
shows you how tricky statistics can be with small sample sizes. One
outlier result completely changes the direction of averages. See the
rest of the results below. We received 36 replies from Brooklyn, the
same as the weekend before. Brooklyn recorded 5.26 last year on this
weekend. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Bronx</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average jumped to 5.08, from
3.17 the weekend earlier. Busy in Riverdale with 5.33. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Queens</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average jumped to 4.63, from
3.33 the weekend earlier. Just 8 open houses reported from Queens. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Staten
Island</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – back on
the map with 9.00 visitors at one open house reported from the
Richmond County. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Size</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – JR4s did really well with 9.88,
then 4BR apartments with 6.75. The slowest was at studio and 4BR open
houses. See all the numbers below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Price</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> - $500K-$1M range was the best with
6.05. Even without that one OH with 91 parties, this price range
recorded 5.29, still the best. Very slow in $3M+ range (2.50). <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Condition</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – for change, properties described
as “Mint, excellent condition” attracted the most parties: 5.59.
Wrecks were the slowest. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">First Open
House</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – huge 285%
more traffic at first open house (10.84), vs. those “stale” ones
(3.80). <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">By
Appointment Only</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – just 59% more traffic at “normal” open houses
(5.01) vs. those advertised “by appointment only” (3.14). <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">This is all
for now, partners! Are you breathing the collective sigh of relief
with the judge ruling a stay on that crazy DOS ruling last week? This
was one of the craziest weeks in my career. Tell me more how to throw
the industry in chaos with irresponsible interpretation of the new,
really poorly written, rental laws. We received a number of requests
from rental customers demanding their fee refund, because they “read
it in the papers, hence it must be right!” Irresponsible journalism +
irresponsible DOS = lethal combination.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Also, did
you catch the news that StreetEasy now has a real estate broker
license in NY and they acquired the mortgage company? Aren’t you just
a bit worried, what their plans are in the near or semi-near future?
I received this comment from <b>Aimee Becker from Sotheby’s</b> and I
am printing it here with her permission: <o:p></o:p></span></div>
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<i><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">“Hi Fritz,</span></i><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><o:p></o:p></span></div>
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<i><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Love your
reports! I didn’t have any new listings in January but I’m listing a
few things in the coming weeks and will certainly be participating
again. </span></i><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><o:p></o:p></span></div>
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<i><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">As I’m sure
you saw this week as well, StreetEasy got their brokerage license,
thus solidifying what I always thought- they will eventually start to
charge referral fees for any traffic that comes through their site.
Either that or they’ll be hiring their own agents and taking all of
the leads for themselves. Because of this, I have decided to no
longer give my information out to them and will not be listing my
properties on StreetEasy. I assume eventually other people will do
the same. In the beginning I think this will affect Open House
turnout so I will make a note of it on my submissions. I have a bunch
of ideas on how to market the properties without StreetEasy and I’ll
let you know how it goes!! We have to cut the ties at some point so
I’ll just be the first in line! Hopefully REBNY or the big brokerages
can get together and do something non-profit. I'll keep you updated
on how it goes with my listings over the next few weeks. I am
planning to start an <b>Instagram page called @notonstreeteasy</b>
where I can list mine or anyone else’s listings/open houses if they
aren't on StreetEasy. </span></i><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><o:p></o:p></span></div>
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<i><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">I'll let you
know so agents have another outlet to advertise Open Houses.”</span></i><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">I agree with
Aimee, anyone else?<u> Idea: in the comment section of my Google Form
you can write if your exclusive was or wasn’t advertised on
StreetEasy</u>. Deal? Feel free to write to me and if you’d like me
to share your thoughts here I will. And it is perfectly fine if you
want to remain anonymous. <b>This weekly report is YOURS</b>. It
reaches now over 2200 agents in NYC (plus there are some reporters
and developers lurking here). Share your ideas how to make this
report better, how to improve our services to consumers, how to
co-operate better between brokers, how to increase the
professionalism and values offered to consumers by real estate agents
and brokers. I am personally really interested in how I can get more
replies each week! :) <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">This is all
for today, folks. Best of luck at your open houses this weekend.<o:p></o:p></span></div>
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<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; min-width: 100%; mso-padding-alt: 0in 0in 0in 0in; mso-yfti-tbllook: 1184; width: 100%px;">
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">PS: Do not
forget to check my reports on my <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001sh0YsziKczhzbuUkj6TeZxuw0Hxsk_h24H1WYvt4Cbn0N1-YvkbHO-OgJIOx7p2G038A0fnyurDF7ModFimi6aWY5rrRKtPEixQnnARjBv2rDCjBfrKdKiIcak129IQ7TfaWkeKF6jvVT_XN82juApQ2aS12UYIKgSyjYVAGebg%3D%26c%3DdnvwscOmjaeZpr7QK9gshgPcMeYlPEfiqjcq9h2l_kCWe-7LFrV--A%3D%3D%26ch%3DqA5qgbLkL0rcs6PUqN2GtHc6D85uGGgelH1moxPF_Z1zTec9BwAGlQ%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Cf8e4d8f9f8a24f4326f208d7b0991887%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637172043893443493&sdata=5EcAqYkzD%2BbGJaNyNWWHRpG0sDaJd2yu1E38lSaLqlA%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001sh0YsziKczhzbuUkj6TeZxuw0Hxsk_h24H1WYvt4Cbn0N1-YvkbHO-OgJIOx7p2G038A0fnyurDF7ModFimi6aWY5rrRKtPEixQnnARjBv2rDCjBfrKdKiIcak129IQ7TfaWkeKF6jvVT_XN82juApQ2aS12UYIKgSyjYVAGebg=&c=dnvwscOmjaeZpr7QK9gshgPcMeYlPEfiqjcq9h2l_kCWe-7LFrV--A==&ch=qA5qgbLkL0rcs6PUqN2GtHc6D85uGGgelH1moxPF_Z1zTec9BwAGlQ==" shash="hApCOKR3YSiNxoLZZNIlgaXvKxYbosK2fkyVhkUZUO46qRQ9bo3Td/RfJeI4fFigvm8WhRPe4VJTSpEouSnNFeQ9+o46DJuV770zbiIrASNz9nb9GeEqtZhnEWeQsQei2J0Pch//3Jp5tov7XQctx2QeRdK7jhufBSNZTm4HgU0=" target="_blank"><span style="color: #1e88b4;">blog </span></a>at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001sh0YsziKczhzbuUkj6TeZxuw0Hxsk_h24H1WYvt4Cbn0N1-YvkbHO-OgJIOx7p2G038A0fnyurDF7ModFimi6aWY5rrRKtPEixQnnARjBv2rDCjBfrKdKiIcak129IQ7TfaWkeKF6jvVT_XN82juApQ2aS12UYIKgSyjYVAGebg%3D%26c%3DdnvwscOmjaeZpr7QK9gshgPcMeYlPEfiqjcq9h2l_kCWe-7LFrV--A%3D%3D%26ch%3DqA5qgbLkL0rcs6PUqN2GtHc6D85uGGgelH1moxPF_Z1zTec9BwAGlQ%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Cf8e4d8f9f8a24f4326f208d7b0991887%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637172043893453490&sdata=lBcOs53ws003tIDNuHgw3pLT2tB4Lf2sFCIHzNRvf%2B8%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001sh0YsziKczhzbuUkj6TeZxuw0Hxsk_h24H1WYvt4Cbn0N1-YvkbHO-OgJIOx7p2G038A0fnyurDF7ModFimi6aWY5rrRKtPEixQnnARjBv2rDCjBfrKdKiIcak129IQ7TfaWkeKF6jvVT_XN82juApQ2aS12UYIKgSyjYVAGebg=&c=dnvwscOmjaeZpr7QK9gshgPcMeYlPEfiqjcq9h2l_kCWe-7LFrV--A==&ch=qA5qgbLkL0rcs6PUqN2GtHc6D85uGGgelH1moxPF_Z1zTec9BwAGlQ==" shash="gtjOrTLHCP18yJBTLEzLo2tF/PR2qE7HeDbIM/xASLqgyuZCK+l9218n8RueBUeBYtLZ4N3c/yG126gwYg6JAMhuMyRTjJdJTtDGeTu1iHmqGFiUnCZPBuONuKFPdUcNdSKsD5i+yDsedHXxxFhC6Xg413sVlTVaX/cJHadltdw=" target="_blank"><span style="color: #1e88b4;">https://halsteadopenhouseindex.blogspot.com/</span></a>.
Great suggestion from one of our readers: write in the comment
section how many visitors were direct buyers and how many came with
brokers. Those of you comfortable, you can write here the exact
address of your exclusive, so it becomes visible to all. Also,
check the link to <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001sh0YsziKczhzbuUkj6TeZxuw0Hxsk_h24H1WYvt4Cbn0N1-YvkbHO7J5Pw264pTQsAXPh2oa6srHkcRlULKArTByWSGdzgqyVjG4NkGPYi75k73AJ8W6znNNfMBsAuwtez3xIphoCIV2sYlET-xy8_afEkTZf7jmV1rXfCbuJIcid0lTkf4ABnXLVKqRzm6FdAXd3UTGtHE7KiFq5o2GT0sVcQUL1ZOp95bYHFzQOgg%3D%26c%3DdnvwscOmjaeZpr7QK9gshgPcMeYlPEfiqjcq9h2l_kCWe-7LFrV--A%3D%3D%26ch%3DqA5qgbLkL0rcs6PUqN2GtHc6D85uGGgelH1moxPF_Z1zTec9BwAGlQ%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Cf8e4d8f9f8a24f4326f208d7b0991887%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637172043893453490&sdata=hlfqEGk18Dww9KPxvbEB0bjisBxpwuj%2BKZGJTc8XCD4%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001sh0YsziKczhzbuUkj6TeZxuw0Hxsk_h24H1WYvt4Cbn0N1-YvkbHO7J5Pw264pTQsAXPh2oa6srHkcRlULKArTByWSGdzgqyVjG4NkGPYi75k73AJ8W6znNNfMBsAuwtez3xIphoCIV2sYlET-xy8_afEkTZf7jmV1rXfCbuJIcid0lTkf4ABnXLVKqRzm6FdAXd3UTGtHE7KiFq5o2GT0sVcQUL1ZOp95bYHFzQOgg=&c=dnvwscOmjaeZpr7QK9gshgPcMeYlPEfiqjcq9h2l_kCWe-7LFrV--A==&ch=qA5qgbLkL0rcs6PUqN2GtHc6D85uGGgelH1moxPF_Z1zTec9BwAGlQ==" shash="rlgvr1UU29zJCoJKflPp8PmJWniL6V6OkwN0NLyXOFEOU/UVZ1/39y1TNOffmHNS/prhmc1YMIESk3F7EXeM4n1fS9aq1/v3VkAPVZ7Rj9cP3/d29pKRyh1hWdWetcdImVfHcDaSJCYrhA0TDClryVMJu57CbS6vnA7u0m7aUdU=" target="_blank"><span style="color: #1e88b4;">dataset</span></a>. (In the comments section
you will find interesting data, such as addresses of properties or if
there was a price drop, etc.) <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Best
regards,<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Fritz Frigan</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">To Sign Up
to Receive Halstead’s Open House Index Report</span><span style="color: #1f497d; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> </span><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><a data-segment-action="add" data-segment-id="dc5f1b50-6428-11e8-aee1-d4ae527536ce" href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001sh0YsziKczhzbuUkj6TeZxuw0Hxsk_h24H1WYvt4Cbn0N1-YvkbHO3onE-nie9HnXpiWcrT_KqBVvTg5_WXUIrjN3bLmo2TWqMkFeSasB_O5KwYT769dKTKt-mRgV0BfjQGTLFiP-kBRtDf42zYGja_KCo4aFHJit27L-SyhI8SezOCYLvUfl-ixb0aW8zpBdmHYxjNgvS9AwjAGJfqaeG6kQZDjQ2LC9kL4pXoLwe83-PMIl0618A6En0kWdxJOI112zoxAGXArfYaes0z7Jk0MX_m2I8-NovnAwOWjUZB5BItDCm-iWaiSGSk_mdgWAawtQQxeOaW_zGP6n5JBg5ohSehrYj5NT2FD-cNdUZ8JqUsX2kZG5gb0OStag_B55uNma8Qqk5d8gleeGwALJhR1To_kUzguQP6l0MCcFrnpPgK27qE-exmz2rzPjsyNGNyCeQr3oczJtBCF3S3mXGg0CgKeuAIaVDgKA_ojmvWys6uuNFV-eurMVTWoY8NdkHaOYF5Oj5WdAHcW3jESq3o2stfUqTDdF9cwK2keze_yD_-IYR-7GSbZho592abq_fzUY3QpIKk9gD31buezWpMMvLT41HphKqVGc6_iYovLds7fxN_xrR79chMnga7JtHIp5ZFsSM9yLo23U0RYpZ40YuAJy-KViwhHQluHKM9I0QgV9pifCBETVFLmAQUa4qE2APTmBYjQeXWUXMXxiQTJ05c8IRnXdVNgFHi29JweT-VNqKpSj5gW8sqnRv7jITxpMVceYVDAJL0k6pNGliAlmi5Q2GcqV8nYDSHWttwOf_OuauTWBQwDVTEpRBC4Ljp7FdwahpgoxoUGLAAiEjUDkNscqs3jO6PQsMIdYO-GXClOTGJmdDFyaz6H3hgU1vlrlm3-_hefvKhS65a4INKSrS_Nk4lQA5higg2_2H5i_j0Kud2-GuAvuQjDdnUbxeO95qQkWK1o190gxGUMDt6MUZea3pUaKV5o2FlXs7K6LCCvUzD2sEKtC8Rbmn3m9aSgrGiVhNqq5dNFXki2v44Zg9BgvUmdmnpqf9C4-b2zr1xWIF6XTFdXrVnF1EtmDDBdfwiePFTTa1Pn0QJCM9-E0PmEbY9FkIuaHBz97QajBn_kgDphNppUHSzhx486aC4Sg2uc8lMTHCkGX8GEzyiXX2Sh3mCamxTLUzpnwukeL63rl92wXJF0gizMKkchjQdHsTqGTmJ7yZbH-pqXMowu_j7cPUerqBjVF684kCygjkPGo-uKtLl2Olnykw3L0rFHRPGH4yoUdh34WVAz7TUGigkyo8xxeLrzolUbUKH1izvJaifv_VrKwdGS4p_YLkbSM-TGEYFe5iMo-WBy_b3Z7tAD0--nrJuv-A-4E-M%3D%26c%3DdnvwscOmjaeZpr7QK9gshgPcMeYlPEfiqjcq9h2l_kCWe-7LFrV--A%3D%3D%26ch%3DqA5qgbLkL0rcs6PUqN2GtHc6D85uGGgelH1moxPF_Z1zTec9BwAGlQ%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Cf8e4d8f9f8a24f4326f208d7b0991887%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637172043893463485&sdata=6oa0yLj3si4Oz2YUZ98WlxC97uijRaQC79BkWJVKW3s%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001sh0YsziKczhzbuUkj6TeZxuw0Hxsk_h24H1WYvt4Cbn0N1-YvkbHO3onE-nie9HnXpiWcrT_KqBVvTg5_WXUIrjN3bLmo2TWqMkFeSasB_O5KwYT769dKTKt-mRgV0BfjQGTLFiP-kBRtDf42zYGja_KCo4aFHJit27L-SyhI8SezOCYLvUfl-ixb0aW8zpBdmHYxjNgvS9AwjAGJfqaeG6kQZDjQ2LC9kL4pXoLwe83-PMIl0618A6En0kWdxJOI112zoxAGXArfYaes0z7Jk0MX_m2I8-NovnAwOWjUZB5BItDCm-iWaiSGSk_mdgWAawtQQxeOaW_zGP6n5JBg5ohSehrYj5NT2FD-cNdUZ8JqUsX2kZG5gb0OStag_B55uNma8Qqk5d8gleeGwALJhR1To_kUzguQP6l0MCcFrnpPgK27qE-exmz2rzPjsyNGNyCeQr3oczJtBCF3S3mXGg0CgKeuAIaVDgKA_ojmvWys6uuNFV-eurMVTWoY8NdkHaOYF5Oj5WdAHcW3jESq3o2stfUqTDdF9cwK2keze_yD_-IYR-7GSbZho592abq_fzUY3QpIKk9gD31buezWpMMvLT41HphKqVGc6_iYovLds7fxN_xrR79chMnga7JtHIp5ZFsSM9yLo23U0RYpZ40YuAJy-KViwhHQluHKM9I0QgV9pifCBETVFLmAQUa4qE2APTmBYjQeXWUXMXxiQTJ05c8IRnXdVNgFHi29JweT-VNqKpSj5gW8sqnRv7jITxpMVceYVDAJL0k6pNGliAlmi5Q2GcqV8nYDSHWttwOf_OuauTWBQwDVTEpRBC4Ljp7FdwahpgoxoUGLAAiEjUDkNscqs3jO6PQsMIdYO-GXClOTGJmdDFyaz6H3hgU1vlrlm3-_hefvKhS65a4INKSrS_Nk4lQA5higg2_2H5i_j0Kud2-GuAvuQjDdnUbxeO95qQkWK1o190gxGUMDt6MUZea3pUaKV5o2FlXs7K6LCCvUzD2sEKtC8Rbmn3m9aSgrGiVhNqq5dNFXki2v44Zg9BgvUmdmnpqf9C4-b2zr1xWIF6XTFdXrVnF1EtmDDBdfwiePFTTa1Pn0QJCM9-E0PmEbY9FkIuaHBz97QajBn_kgDphNppUHSzhx486aC4Sg2uc8lMTHCkGX8GEzyiXX2Sh3mCamxTLUzpnwukeL63rl92wXJF0gizMKkchjQdHsTqGTmJ7yZbH-pqXMowu_j7cPUerqBjVF684kCygjkPGo-uKtLl2Olnykw3L0rFHRPGH4yoUdh34WVAz7TUGigkyo8xxeLrzolUbUKH1izvJaifv_VrKwdGS4p_YLkbSM-TGEYFe5iMo-WBy_b3Z7tAD0--nrJuv-A-4E-M=&c=dnvwscOmjaeZpr7QK9gshgPcMeYlPEfiqjcq9h2l_kCWe-7LFrV--A==&ch=qA5qgbLkL0rcs6PUqN2GtHc6D85uGGgelH1moxPF_Z1zTec9BwAGlQ==" shash="YKqZZAiLYgjlRLfjFF9n5Vipvv2iM9cnyc0MEAU8jqLJEM4e3WQ+CVWgtD39OxtvDRIqebgh/6fWGq2pwx4pVmQADy2l0G0yGvoPT/l08ULQja+Mh2NY9vGEpREVZD4HjTtPbQQwyD8Nyc0gLqOnKaj/B0FLDiiPo8NgrClXIFk=" target="_blank"><span style="color: #1f497d;">Click Here</span></a> <o:p></o:p></span></div>
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<br />Fritz Friganhttp://www.blogger.com/profile/01338330654547035031noreply@blogger.com0tag:blogger.com,1999:blog-9178590370333606794.post-2855943642038850272020-02-11T15:47:00.002-08:002020-02-11T15:47:10.748-08:00Halstead Open House Index - report from weekend of February 2, 2020<br />
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Good morning
Halstead Open House Index subscribers and contributors!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Or is it a
good morning? Did you like the bomb DOS dropped on our industry
yesterday? Don’t think for a moment that this will only affect the
rental business in NYC. This is just another move with unintended
consequences: the rents will go up because of this and investors will
start avoiding and leaving New York City. Which will affect the condo
sale market too. Let me know your thoughts. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001BlupX064WPW6XkUOXuAWsBLInHZj5YH2xwuMGaNblRMXpNRcF8fT90Q09e5DV1HkYq4hug4IREx3aWqRGWxU5ZCxeUsj5p9wWL2ZrKVU3msrZrRdhwMO9r9nSts-aC4j56gFmjOx_J89hNw6-msPK0AtEhW2c3hMKHHgOKJZzk1Ju9TkY95PpkxFjp4tXhl33P_1RedG_72gddMIvA-x-BP4-UYZx4EDziPx0LseiLI%3D%26c%3DeCU3oDi0GEe4-69vzhWV3OuTtZYFOYRri-JtcwAgM8xcVowXV0Nxlw%3D%3D%26ch%3DhE6qepZacRWBDZWpCPEW38x_K61B2WJrccabDHt_SG-Vq6B9MGaG1Q%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C2620c7569b824e87630608d7ab1c522a%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637166010433212886&sdata=Hef56bCPjn%2Fw8x6IYOrptJRNHANVcn6DFA3G2aC2lbI%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001BlupX064WPW6XkUOXuAWsBLInHZj5YH2xwuMGaNblRMXpNRcF8fT90Q09e5DV1HkYq4hug4IREx3aWqRGWxU5ZCxeUsj5p9wWL2ZrKVU3msrZrRdhwMO9r9nSts-aC4j56gFmjOx_J89hNw6-msPK0AtEhW2c3hMKHHgOKJZzk1Ju9TkY95PpkxFjp4tXhl33P_1RedG_72gddMIvA-x-BP4-UYZx4EDziPx0LseiLI=&c=eCU3oDi0GEe4-69vzhWV3OuTtZYFOYRri-JtcwAgM8xcVowXV0Nxlw==&ch=hE6qepZacRWBDZWpCPEW38x_K61B2WJrccabDHt_SG-Vq6B9MGaG1Q==" shash="FmUUsI5aGg6BL4O1ZgTsbG87bqQwbnwOgUVKsJ/R1mxDePu7M3JX3Us4YHSGLcNqlIJl8EyD9rEfx31FkDWi89NFS/oE8dXh2Y+y9E580Y2kmvZjseWao8hobe/ob0fe3lSDKylWtyynofcPdf/s7wBqj/RpIB+J+VrvbC50jIo=" target="_blank"><span style="color: #1e88b4;">Here </span></a>are the numbers. Last weekend
was the Super Bowl weekend, which means more open houses on Saturday
and less on Sunday. The average attendance in NYC dropped almost 20%,
from 5.23 the weekend prior to 4.20 per open house on the weekend of
February 2nd. We received 255 replies last weekend. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">24 open
houses reported zero attendance, roughly 9.4%. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The most
visited open house mention goes to <b>Louise Phillips Forbes from
Halstead</b>. She reported 20 parties at her new exclusive at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001BlupX064WPW6XkUOXuAWsBLInHZj5YH2xwuMGaNblRMXpNRcF8fT90Q09e5DV1Hkufi9HUcT_lwCy3chVg9nm1ZoBFg0SkNeNIAospIXLqhNOHkt6oSETcoix7f6Nx1-nLY62bWAvk4iYnClyPlLKTwa2GqKehR2EBvdeXAL58NV6_C3Fu1SrgjJPvSiVSE05F0Jw0amfpGi-8uiAhIeyP7_coK1SzaunJdzlRLoKMvkaVQkf0ghRtixCAXh9QZl%26c%3DeCU3oDi0GEe4-69vzhWV3OuTtZYFOYRri-JtcwAgM8xcVowXV0Nxlw%3D%3D%26ch%3DhE6qepZacRWBDZWpCPEW38x_K61B2WJrccabDHt_SG-Vq6B9MGaG1Q%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C2620c7569b824e87630608d7ab1c522a%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637166010433222879&sdata=RFATDa0x%2BGHcgN2zUoU2PWneTIYP%2BrbQBPwT3hATwoA%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001BlupX064WPW6XkUOXuAWsBLInHZj5YH2xwuMGaNblRMXpNRcF8fT90Q09e5DV1Hkufi9HUcT_lwCy3chVg9nm1ZoBFg0SkNeNIAospIXLqhNOHkt6oSETcoix7f6Nx1-nLY62bWAvk4iYnClyPlLKTwa2GqKehR2EBvdeXAL58NV6_C3Fu1SrgjJPvSiVSE05F0Jw0amfpGi-8uiAhIeyP7_coK1SzaunJdzlRLoKMvkaVQkf0ghRtixCAXh9QZl&c=eCU3oDi0GEe4-69vzhWV3OuTtZYFOYRri-JtcwAgM8xcVowXV0Nxlw==&ch=hE6qepZacRWBDZWpCPEW38x_K61B2WJrccabDHt_SG-Vq6B9MGaG1Q==" shash="HFqVeUIxpDsHgk+xtGMO+98yb97e3LdqAC5diYOjJuFLn3lMl78RcIWNnsriDG5U9pBYkJ+YVL3Rka9tiLa6sxY0N4bqIOZr8+kmSN3kjF37onjBvBvyEuNCIDRFG6tTNVhtCcaTg3Oo6KHZTe8mTn/efqCMSLJLLgtr3HnFass=" target="_blank"><b><span style="color: #1e88b4;">545 West End Avenue</span></b></a>. It is a 4BR
for $3,325M – nice to see some strong attendance in the “cursed” $3M+
price range. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">There were
5,240 open houses in NYC last weekend and roughly 5,825 prospective
buyers were hopping from one to another. <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001BlupX064WPW6XkUOXuAWsBLInHZj5YH2xwuMGaNblRMXpNRcF8fT90Q09e5DV1HkubKUS2durQ33hYcjCvtMn4qvgZ8jTJv3jiaYMALfi5BfiUwjHk4A5S4EYQ24P0z6nrJTGyTpmTfT7OwxqnU-oE2dr9garpZA5cPVr2gTTh4UvV-H4Rdh2BU66VEbQPGjkPHlvn4Y2b8WVbdXvjzLQpWE27RNVs8nYI3pAYo5EMg%3D%26c%3DeCU3oDi0GEe4-69vzhWV3OuTtZYFOYRri-JtcwAgM8xcVowXV0Nxlw%3D%3D%26ch%3DhE6qepZacRWBDZWpCPEW38x_K61B2WJrccabDHt_SG-Vq6B9MGaG1Q%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C2620c7569b824e87630608d7ab1c522a%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637166010433222879&sdata=W3uZEVDOtlLpB8QmDGbk6%2Bcr%2B7aCAXdkeI66FqGYQEg%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001BlupX064WPW6XkUOXuAWsBLInHZj5YH2xwuMGaNblRMXpNRcF8fT90Q09e5DV1HkubKUS2durQ33hYcjCvtMn4qvgZ8jTJv3jiaYMALfi5BfiUwjHk4A5S4EYQ24P0z6nrJTGyTpmTfT7OwxqnU-oE2dr9garpZA5cPVr2gTTh4UvV-H4Rdh2BU66VEbQPGjkPHlvn4Y2b8WVbdXvjzLQpWE27RNVs8nYI3pAYo5EMg=&c=eCU3oDi0GEe4-69vzhWV3OuTtZYFOYRri-JtcwAgM8xcVowXV0Nxlw==&ch=hE6qepZacRWBDZWpCPEW38x_K61B2WJrccabDHt_SG-Vq6B9MGaG1Q==" shash="L5Ka+4jo05hT0jV24RvqLxklPJ/89H+IUrIZas9BFv9fnofylz2teGynIJAEH94uyqq/6cGeh2TD0DD0WalCpa4VKXEap/A1p86jPYOz55E0N3h5CEBx4v0zvRmP8jBgWR3FwZ6khkTNT3yWNxVwyGtl4QEWa9XN+XxJ1Gd4MQ4=" target="_blank"><span style="color: #1e88b4;">Here </span></a>is the dataset. Let’s check
what happened in each borough: <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Manhattan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average dropped to 3.79, from
4.90 the weekend before. This is the slowest so far this year.
Central and West Village (5.10) above the average and so was Soho </span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">and</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> Tribeca (9.25). UES surprisingly strong with 4.75</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> and</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> UWS surprisingly weak with 3.72. Midtown West</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> was</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> surprisingly strong with 4.33</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> and</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> Midtown East typically weak with 2.09. Last year on
February 3, 2019, the average stood at 4.41. We received 195 replies
from Manhattan. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Brooklyn</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average was a strong 6.92 in
Brooklyn</span><span style="color: black; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">,</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: black; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">st</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">ill a dip
from the weekend earlier when we recorded 9.73. Bay Ridge (9.50),
Windsor Terrace (9.33), Park Slope (7.75) and Bed Stuy (7.80), all
above the average. Williamsburg relatively slow with 4.00. See the
rest below and beware of small sample sizes. Last year on February 3</span><sup><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 9.0pt; mso-fareast-font-family: "Times New Roman"; mso-text-raise: 2.5pt; position: relative; top: -2.5pt;">rd</span></sup><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">, we recorded 4.68 for Brooklyn. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Bronx</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average jumped to 3.17 from
18 open houses reported. See details below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Queens</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average dropped to 3.33 from
just three open houses that arrived from Queens. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Staten
Island</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – 0 <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Size</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – 4BRs came on top with 8.83 and so
did Multi-Unit buildings</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">(6.50) and Townhouses (5.13). 3BRs</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> are</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> also worth mentioning with 4.85. Slow with studios
(3.03). <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Price</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> - $3M+ on top this week with 6.42.
Even without that one record open house with 20 attendees, $3M+ would
have been 5.18, still stronger than the rest. Slow in under $500K and
$2M-$3M price ranges. See details below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Condition</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – properties labeled “very good,
minor work needed” were most visited (4.59). <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">First Open
House</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – 214% more
traffic at first open houses this week, th</span><span style="color: black; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">a</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">n at the “stale” ones. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">By
Appointment Only</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – 51% more traffic and “normal” open houses than at
those labeled “by appointment only”. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">This is all
from me today. Just a quick note to some of you who left comments –
I’d love to make it easier for you to complete the survey, but I
don’t know how. I am using Google Form and I do not see a solution
how to make sure that form remembers your entry from</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> the</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> previous week, so you just</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> need to</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> change the date and the number of
visitors at your open house. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Encourage
your friends in the industry to participate. We should be able to get
more replies each weekend. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Best of luck
at your open houses this coming weekend! The weather forecast is nice
and sunny for both days.<o:p></o:p></span></div>
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<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; min-width: 100%; mso-padding-alt: 0in 0in 0in 0in; mso-yfti-tbllook: 1184; width: 100%px;">
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<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; min-width: 100%; mso-padding-alt: 0in 0in 0in 0in; mso-yfti-tbllook: 1184; width: 100%px;">
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">PS: Do not
forget to check my reports on my <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001BlupX064WPW6XkUOXuAWsBLInHZj5YH2xwuMGaNblRMXpNRcF8fT97K8lDtoFR7coEFGQDkDKMNNzmYY7NNNNJ8ijF9Mc1w3mU8k5_zXhzOsksmPzIQNiQ_GUt5bP95u6ItSLAbxJ9P-IzW2S2tSrCT2YhoK_J2pBUPSAJhPjlo%3D%26c%3DeCU3oDi0GEe4-69vzhWV3OuTtZYFOYRri-JtcwAgM8xcVowXV0Nxlw%3D%3D%26ch%3DhE6qepZacRWBDZWpCPEW38x_K61B2WJrccabDHt_SG-Vq6B9MGaG1Q%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C2620c7569b824e87630608d7ab1c522a%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637166010433232880&sdata=J1ZKW6YdJWbqcpkzCmB4EOYIDMzq9WVaohMcdbUwgOk%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001BlupX064WPW6XkUOXuAWsBLInHZj5YH2xwuMGaNblRMXpNRcF8fT97K8lDtoFR7coEFGQDkDKMNNzmYY7NNNNJ8ijF9Mc1w3mU8k5_zXhzOsksmPzIQNiQ_GUt5bP95u6ItSLAbxJ9P-IzW2S2tSrCT2YhoK_J2pBUPSAJhPjlo=&c=eCU3oDi0GEe4-69vzhWV3OuTtZYFOYRri-JtcwAgM8xcVowXV0Nxlw==&ch=hE6qepZacRWBDZWpCPEW38x_K61B2WJrccabDHt_SG-Vq6B9MGaG1Q==" shash="vmTMf07pkHsbzj9fE5dm3YfBT+Yjgr//titMBhj93gAV+GeHGSIFl9WFAjLd6g9prY6hjqGVT7nmOejz199RL+HO7/8VTWY4vVOMvfnZq6LytXzmMZExCwsoe32PjjO7ugXSCwf/OnS4Ar9He4dDLYmMKvCycN97PrnBLxkjsMQ=" target="_blank"><span style="color: #1e88b4;">blog </span></a>at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001BlupX064WPW6XkUOXuAWsBLInHZj5YH2xwuMGaNblRMXpNRcF8fT97K8lDtoFR7coEFGQDkDKMNNzmYY7NNNNJ8ijF9Mc1w3mU8k5_zXhzOsksmPzIQNiQ_GUt5bP95u6ItSLAbxJ9P-IzW2S2tSrCT2YhoK_J2pBUPSAJhPjlo%3D%26c%3DeCU3oDi0GEe4-69vzhWV3OuTtZYFOYRri-JtcwAgM8xcVowXV0Nxlw%3D%3D%26ch%3DhE6qepZacRWBDZWpCPEW38x_K61B2WJrccabDHt_SG-Vq6B9MGaG1Q%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C2620c7569b824e87630608d7ab1c522a%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637166010433232880&sdata=J1ZKW6YdJWbqcpkzCmB4EOYIDMzq9WVaohMcdbUwgOk%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001BlupX064WPW6XkUOXuAWsBLInHZj5YH2xwuMGaNblRMXpNRcF8fT97K8lDtoFR7coEFGQDkDKMNNzmYY7NNNNJ8ijF9Mc1w3mU8k5_zXhzOsksmPzIQNiQ_GUt5bP95u6ItSLAbxJ9P-IzW2S2tSrCT2YhoK_J2pBUPSAJhPjlo=&c=eCU3oDi0GEe4-69vzhWV3OuTtZYFOYRri-JtcwAgM8xcVowXV0Nxlw==&ch=hE6qepZacRWBDZWpCPEW38x_K61B2WJrccabDHt_SG-Vq6B9MGaG1Q==" shash="vmTMf07pkHsbzj9fE5dm3YfBT+Yjgr//titMBhj93gAV+GeHGSIFl9WFAjLd6g9prY6hjqGVT7nmOejz199RL+HO7/8VTWY4vVOMvfnZq6LytXzmMZExCwsoe32PjjO7ugXSCwf/OnS4Ar9He4dDLYmMKvCycN97PrnBLxkjsMQ=" target="_blank"><span style="color: #1e88b4;">https://halsteadopenhouseindex.blogspot.com/</span></a>.
Great suggestion from one of our readers: write in the comment
section how many visitors were direct buyers and how many came with
brokers. Those of you comfortable, you can write here the exact
address of your exclusive, so it becomes visible to all. Also,
check the link to <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001BlupX064WPW6XkUOXuAWsBLInHZj5YH2xwuMGaNblRMXpNRcF8fT90Q09e5DV1HkubKUS2durQ33hYcjCvtMn4qvgZ8jTJv3jiaYMALfi5BfiUwjHk4A5S4EYQ24P0z6nrJTGyTpmTfT7OwxqnU-oE2dr9garpZA5cPVr2gTTh4UvV-H4Rdh2BU66VEbQPGjkPHlvn4Y2b8WVbdXvjzLQpWE27RNVs8nYI3pAYo5EMg%3D%26c%3DeCU3oDi0GEe4-69vzhWV3OuTtZYFOYRri-JtcwAgM8xcVowXV0Nxlw%3D%3D%26ch%3DhE6qepZacRWBDZWpCPEW38x_K61B2WJrccabDHt_SG-Vq6B9MGaG1Q%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C2620c7569b824e87630608d7ab1c522a%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637166010433242871&sdata=jAuaqDocGVC6rhZGPJ2fxgsxaclqS0%2BO%2BJYFeK%2Bdw5I%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001BlupX064WPW6XkUOXuAWsBLInHZj5YH2xwuMGaNblRMXpNRcF8fT90Q09e5DV1HkubKUS2durQ33hYcjCvtMn4qvgZ8jTJv3jiaYMALfi5BfiUwjHk4A5S4EYQ24P0z6nrJTGyTpmTfT7OwxqnU-oE2dr9garpZA5cPVr2gTTh4UvV-H4Rdh2BU66VEbQPGjkPHlvn4Y2b8WVbdXvjzLQpWE27RNVs8nYI3pAYo5EMg=&c=eCU3oDi0GEe4-69vzhWV3OuTtZYFOYRri-JtcwAgM8xcVowXV0Nxlw==&ch=hE6qepZacRWBDZWpCPEW38x_K61B2WJrccabDHt_SG-Vq6B9MGaG1Q==" shash="XAjM6Qi5C9JUtCYmJQTl3c36K7BlDJ/PvYUJGA+YIANV88BbQQmoFM/76qhwYOshaWbUpzSJCkI4gQouP1RH6/e2gz0AX8/JhdQsM3CG70ReNZc0igigJF1asKoUEwCslW+Hd+DpzYJKSuHA1JPzaEALN77dMGARs1szPV7f/r8=" target="_blank"><span style="color: #1e88b4;">dataset</span></a>. (In the comments section
you will find interesting data, such as addresses of properties or if
there was a price drop, etc.) <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Best
regards,<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Fritz Frigan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">To Sign Up
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<br />Fritz Friganhttp://www.blogger.com/profile/01338330654547035031noreply@blogger.com0tag:blogger.com,1999:blog-9178590370333606794.post-14623156181492372222020-01-30T08:01:00.001-08:002020-01-30T08:01:29.473-08:00Halstead Open House Index - report from weekend of January 26, 2020<br />
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Good morning
Halstead Open House Index subscribers and contributors!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">It is
Thursday, which means my open house report is hitting your
inbox…….right now! What happened last weekend?<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001rnuU7PYpbo15CahRSeGq6nwI-HKRdSW4CUxqT9xNK0274BH2iCyFwzz0cRbIpImJHERcYBRlqD-Oam3nPO_k9P3QYsAY7bdXnvV6lDzv-xONIGxbNVoREb-552T78xfyT1Bb89r210kWK4tXPerYGyhbCNHpaif7qamKZwQUAP3qDO_jU2fkZwMAZRKdqw819WdPhzjtNLaAIMivC0QvYy4l9DXxTfIxVQOk3gffLj8%3D%26c%3DzLJTplseJ6f2q3ulFMxIA4urATrIpUeROy9ThGaYZWaTNaoh6vD7JQ%3D%3D%26ch%3DZlMDm35pgPlBHe0ZmRqbVDH2Z9-uv5-AVbEr02S8ldMUgksiD6I-fg%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C63a8d54f5b9644d6676908d7a59d2eb3%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637159966820145223&sdata=ZxVYoDua3uaczEolz1lf8tsiumNaJ9o3Y9oDdCWe%2FJg%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001rnuU7PYpbo15CahRSeGq6nwI-HKRdSW4CUxqT9xNK0274BH2iCyFwzz0cRbIpImJHERcYBRlqD-Oam3nPO_k9P3QYsAY7bdXnvV6lDzv-xONIGxbNVoREb-552T78xfyT1Bb89r210kWK4tXPerYGyhbCNHpaif7qamKZwQUAP3qDO_jU2fkZwMAZRKdqw819WdPhzjtNLaAIMivC0QvYy4l9DXxTfIxVQOk3gffLj8=&c=zLJTplseJ6f2q3ulFMxIA4urATrIpUeROy9ThGaYZWaTNaoh6vD7JQ==&ch=ZlMDm35pgPlBHe0ZmRqbVDH2Z9-uv5-AVbEr02S8ldMUgksiD6I-fg==" shash="halArJ2SLzXpCjwmJAda0o4falPfRBC+Yx7KD4hpWxrQndAiXk4qpr3GRg3neDIfR1Ejk+QXIe8xeF7l8oL3V5UbL+WRtudfWfOaTBr8viidcz0Cm7V+LBdA9orObyO+kUQJ2V4xqoR8RxOncMveF9HqccKNDgXtyIfSBIMQU+A=" target="_blank"><span style="color: #1e88b4;">numbers are in</span></a>! The average
attendance in NYC jumped again – to 5.23 per open house. January saw
total see-saw attendance: first weekend 4.48, 2</span><sup><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 9.0pt; mso-fareast-font-family: "Times New Roman"; mso-text-raise: 2.5pt; position: relative; top: -2.5pt;">nd</span></sup><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-spacerun: yes;"> </span>weekend 5.35, 3</span><sup><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 9.0pt; mso-fareast-font-family: "Times New Roman"; mso-text-raise: 2.5pt; position: relative; top: -2.5pt;">rd</span></sup><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-spacerun: yes;"> </span>weekend 4.17
and this last weekend 5.23. (See the chart on the bottom, comparing
January 2020 vs. January 2019). Last year, on January 27, 2019, the
average attendance stood at 4.22. We received 258 reports, the most
this year, but still far from good old days when I sometimes received
over 400 replies. Short of me paying you, any ideas on how to
increase the participation? <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">28 open
houses reported zero attendance, this is 10%. Not bad. When this
number hits over 15%, it will be the sign of slow weekends. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The largest
attendance mention this week goes to <b>Peter Grazioli of Halstead’s
Brooklyn</b> office. He reported 55 parties at his first open house
for a multi-unit building in Park Slope for $2,500,000. Yes, his
first open house. 10 open houses reported attendance larger than 20
and one reported 37! <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">According to
my analysis, roughly 7861 prospective buyers were hopping from one
open house to another last weekend. <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001rnuU7PYpbo15CahRSeGq6nwI-HKRdSW4CUxqT9xNK0274BH2iCyFwzz0cRbIpImJUNG02DDWlcixkaFJosLtvNUt1QlW6uprnElAIOUY9GfQWoN-zFTGTL1Zzl-rc68RsA7C8Ks4yTGVuTPB8q4615PXyMuGMQw1m4pEEkY470FKiUlrDssOs1X9iud1IHroyHxPNPVhRyvanvm0h1OSrqT_5QuJBImypcT-0Ah3ZYo%3D%26c%3DzLJTplseJ6f2q3ulFMxIA4urATrIpUeROy9ThGaYZWaTNaoh6vD7JQ%3D%3D%26ch%3DZlMDm35pgPlBHe0ZmRqbVDH2Z9-uv5-AVbEr02S8ldMUgksiD6I-fg%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C63a8d54f5b9644d6676908d7a59d2eb3%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637159966820155217&sdata=5QWqvyEujW1eqpexOI6i2QAEopi%2BHOyiOCirDNRZz2c%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001rnuU7PYpbo15CahRSeGq6nwI-HKRdSW4CUxqT9xNK0274BH2iCyFwzz0cRbIpImJUNG02DDWlcixkaFJosLtvNUt1QlW6uprnElAIOUY9GfQWoN-zFTGTL1Zzl-rc68RsA7C8Ks4yTGVuTPB8q4615PXyMuGMQw1m4pEEkY470FKiUlrDssOs1X9iud1IHroyHxPNPVhRyvanvm0h1OSrqT_5QuJBImypcT-0Ah3ZYo=&c=zLJTplseJ6f2q3ulFMxIA4urATrIpUeROy9ThGaYZWaTNaoh6vD7JQ==&ch=ZlMDm35pgPlBHe0ZmRqbVDH2Z9-uv5-AVbEr02S8ldMUgksiD6I-fg==" shash="TFxbu9zaOICdHn7P4xp7IirZM5PaQrDpSqk/6lm3vat0xyfbWP5WK2+EEOWuddwADNphxQMJ9sshmPIY62aEcWMPEJrW9zuFpUWDvS+NtxtqBVwK4Wk3alWgfhSABz93H50samUsWBslRPWIQt5Wvi4QG++U85LTi2p9Y/hVg6U=" target="_blank"><span style="color: #1e88b4;">Here's </span></a>the dataset. Let’s check what
happened in each borough: <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Manhattan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average jumped to 4.90, from
3.98 the weekend before. Huge 23% increase in traffic in Manhattan.
(don’t ask me why. If you sort data in the Dataset by area, you will
notice a number of open houses reporting 20+ attendance in
Manhattan). Large attendance in Other Upper Manhattan Areas (20.00)
and Soho & Tribeca (13.00), but from just 2 and 3 open houses
reported, respectively. Remember my old saying: beware of small
samples! Washington Heights (8.29) above the average, and so were
Other Downtown Areas (6.86) and Chelsea (6.00). Interesting that UES
(5.36) beat UWS (4.83) again. I wonder if the buyers are finding
better values on UES and this drives the traffic? Opinions? Slow in
Gramercy Park area (2.67) and Midtown East (2.77). See the rest
below. Last year on January 27, 2019, Halstead Index recorded 4.04
for Manhattan. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Brooklyn</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the number jumped to 9.73, from
5.44 the weekend prior. But primarily thanks to that record open
house from Peter. Without it the Brooklyn average would have been
still very strong 7.92 per open house. Super strong in Park Slope
(15.71) (we know why), and Bed Stuy (11.67). Slow(er) in Fort Greene
(5.33). See the rest below and again, beware of small sample sizes.
We received just 26 replies from Brooklyn. Last year, on the same
weekend, Brooklyn reported 4.93. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Bronx</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average dropped to 1.77, from
just 13 open houses that arrived from the Bronx. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Queens</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average jumped to 5.67, from
5.43 the weekend earlier. But from just 3 open houses reported, so
not sure if it should be taken seriously. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Staten
Island</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – no open
houses there. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Size</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – Multi-unit buildings off the
chart with 16.60 thanks to Peter, the average would have been 7.00
without it. From apartments, the best attendance at 2BR open houses
(6.36), then JR4s (5.56). The slowest was at studio open houses
(3.48) and 4BRs (3.60). <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Price</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – most traffic in $2M-$3M range
(7.83). Even without Peter’s open house, this price range would be
the best with 6.15 per open house. Slowest in $3M+ range (2.55) – see
the rest below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Condition</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – properties described as “good,
but some work needed” took the top spot with 5.86. The worst? “Mint”
condition with 4.87. Again, are you guys putting too much premium on
mint condition? <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">First Open
House</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – huge 332%
more traffic at first open houses. There were 38 last weekend in the
total sample of 258. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">By
Appointment Only</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – just 49% more traffic at “normal” open houses than
at those labeled “by appointment only”. Busy weekend lifts all open
houses. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">This is all
for today my fellow followers. Thank you for patiently submitting
your results each week. <o:p></o:p></span></div>
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<span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">As promised,
see the chart below for the average attendance in NYC in January 2020
vs. January 2019. </span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Write with
suggestions on how to make this project working better for everyone
in the industry. We all win when we share data.<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Offer of the
week:</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> tomorrow,
Friday, I will be teaching at Halstead’s Training Program the
following topic: “<b><i>How to Prepare Scattergram in Excel</i></b><i>.
I am convinced this is probably one of the most powerful visual tools
available to real estate agents when presenting values and prices to
their sellers (or to their buyers!). Bring your writing pads. I will
guide you step by step not only how to produce great looking
scattergram chart – I will teach how to have a dialogue with the
seller about pricing your next exclusive! (or how to talk with your
buyer who is asking you to make ridiculously low offers)</i>.” <b>I
have room for two agents to be my guests at this session tomorrow,
January 31</b>. This is perfect for rental agents who are branching
into sales, but I am convinced that even sales pros will walk away
with powerful selling technique. E-mail me if interested. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Best of luck
at your open houses this coming weekend! Warm weather this weekend
should lure the buyers out!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">PS: Do not
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You can easily view the reports from previous weeks and leave
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of our readers: write in the comment section how many visitors were
direct buyers and how many came with brokers. Those of you
comfortable, you can write here the exact address of your exclusive,
so it becomes visible to all. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Best
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Fritz Frigan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">To Sign Up
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text-underline: none;"><img alt="Pinterest" border="0" id="_x0000_i1038" src="https://imgssl.constantcontact.com/galileo/images/templates/Galileo-SocialMedia/pinterest-visit-gray.png" style="display: inline-block; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 0in; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="32" /> </span></a><o:p></o:p></span></div>
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<br />Fritz Friganhttp://www.blogger.com/profile/01338330654547035031noreply@blogger.com0tag:blogger.com,1999:blog-9178590370333606794.post-31236537682692189582020-01-29T05:43:00.002-08:002020-01-29T05:43:30.516-08:00Halstead Open House Index - report from weekend of January 19, 2020<br />
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Good morning
Halstead Open House Index subscribers and contributors!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Here is the
summary of results from the open house on January 18-19:<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">We received
245 replies (hi everyone: do I sense a fatigue in participation? How
do we increase the number of replies we receive each week? I have
some of you e-mailing your results to me. Sorry, you need to complete
the survey. I am just too busy to enter the results in for you. If
you enjoy reading my weekly reports and find them useful, the least
you can do is to submit your data after you hold an open house,
fair?). Last year on January 20, 2019, we received 228 responses.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001Urg0CjRqJ3Yu03fDaP1UFivDyP98WedtpzY-QfLix3PCQtu3DhAEJ6DiU2XxAPYZTSx9i8bPWZNlm1ihVahw_l53ZzL_5IEtjQzQ5P2nEia7uRVIjTWKj6GnlBFCNAapp7_QylK-5fGuDvFw1Dm6bakAqheXjoIh5crwaqUwxNitzbRtCnPvXDr-0ICD46qPJ6KPq-tbb6v3FrKwO4WwaOUkUCaa-4rfYwSugMPWm7w%3D%26c%3DGYNNe0e6uSMw1YH6MEcpm3Ex0CWI-5dA-S3qck_PgSCX4Rqz-AOCHQ%3D%3D%26ch%3D5XTUqx1IkruO8alSccocfytWMOJ9lVYmboJbU7shERbP7henZ4iKZA%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C0bc0b03a51064f60ef7308d7a01b311a%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637153910960174573&sdata=PebXJ64vRXFVuuJI7y57ahLIH8PeopFMmWJ%2FuI0zbqc%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001Urg0CjRqJ3Yu03fDaP1UFivDyP98WedtpzY-QfLix3PCQtu3DhAEJ6DiU2XxAPYZTSx9i8bPWZNlm1ihVahw_l53ZzL_5IEtjQzQ5P2nEia7uRVIjTWKj6GnlBFCNAapp7_QylK-5fGuDvFw1Dm6bakAqheXjoIh5crwaqUwxNitzbRtCnPvXDr-0ICD46qPJ6KPq-tbb6v3FrKwO4WwaOUkUCaa-4rfYwSugMPWm7w=&c=GYNNe0e6uSMw1YH6MEcpm3Ex0CWI-5dA-S3qck_PgSCX4Rqz-AOCHQ==&ch=5XTUqx1IkruO8alSccocfytWMOJ9lVYmboJbU7shERbP7henZ4iKZA==" shash="xkWNKsByCnfS7+ZEKq+hNX1UoFo5pPNh13Pvf0qDwxcJ1S0LkZuK/1V6Q2+hCIHrjpert+YA7fZyOTqJ38CKTCyS5zucfITpkj1vEyEd9gUMbe6z9RHwK1OvIe1sePtSAN8XkExmVTOYcSqG2GSJN3CfftKx+kLcUf6NjWP5Ka8=" target="_blank"><span style="color: #1e88b4;">These are the numbers</span></a>. The average
attendance for all of NYC last weekend was 4.17. Significant drop
from the weekend before when we recorded 5.35. It has occurred to me
that there was just incredible weather over the weekend of January 12</span><sup><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 9.0pt; mso-fareast-font-family: "Times New Roman"; mso-text-raise: 2.5pt; position: relative; top: -2.5pt;">th</span></sup><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">, which must have contributed to the much larger open
houses attendance. Last year on the same weekend we recorded 3.45 per
open house, so this is still much stronger. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">19 open
houses reported zero attendance, this is just 7.7% of all open
houses. Remember, when the percentage of zero open houses falls below
10%, it appears the weekend was good. I suggest using time
productively to a) land another exclusive within the building or b)
read or listen to some interesting strategies on how to find buyers
in this buyers’ market.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Not one, but
four open houses reported the record traffic this week. The magical
number was 15. There were 15 parties that showed up at the following
open houses: <b>170 w 81st street by Konstantin Zaliznyak of
Triplemint, 54 E 8th Street by Abe Rosenberg of Halstead, 304 W 88th
St by Kay Moon of Douglas Elliman and 7 4th Place in Brooklyn by Ari
Harkov’s team of Halstead</b>. You can see details about each
property in the <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001Urg0CjRqJ3Yu03fDaP1UFivDyP98WedtpzY-QfLix3PCQtu3DhAEJ6DiU2XxAPYZoRVM2Zh1dg3UdLv1eGgiMpJ78ikRonwBnNRtrEPo1JB8tvR-uGDKMv72joT3VAZvrw042SHemDrWkYVvNytzS5BW8wmMwwR0o19WIJOcmQDcM3UGaN-9YWas-YoXOpUa7eh1YibihIh6UTVgVIr45oygDgeq7UFSNXNNejw7L2I%3D%26c%3DGYNNe0e6uSMw1YH6MEcpm3Ex0CWI-5dA-S3qck_PgSCX4Rqz-AOCHQ%3D%3D%26ch%3D5XTUqx1IkruO8alSccocfytWMOJ9lVYmboJbU7shERbP7henZ4iKZA%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C0bc0b03a51064f60ef7308d7a01b311a%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637153910960184573&sdata=qm7%2Fd%2BMksrf6DATf%2FBxawuh1%2FnU0SSh%2BJnR0HpEXbsQ%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001Urg0CjRqJ3Yu03fDaP1UFivDyP98WedtpzY-QfLix3PCQtu3DhAEJ6DiU2XxAPYZoRVM2Zh1dg3UdLv1eGgiMpJ78ikRonwBnNRtrEPo1JB8tvR-uGDKMv72joT3VAZvrw042SHemDrWkYVvNytzS5BW8wmMwwR0o19WIJOcmQDcM3UGaN-9YWas-YoXOpUa7eh1YibihIh6UTVgVIr45oygDgeq7UFSNXNNejw7L2I=&c=GYNNe0e6uSMw1YH6MEcpm3Ex0CWI-5dA-S3qck_PgSCX4Rqz-AOCHQ==&ch=5XTUqx1IkruO8alSccocfytWMOJ9lVYmboJbU7shERbP7henZ4iKZA==" shash="gJhe61HPb4tPyscqJNKdqtEFba9qZQDSZMmgpHBgWKk5BdIIlMbff1JYCx4sXDCE/8eMZ/Xpfdu2029DpK1Q49Qcn4txRLbnCfJtEI2vlnOk/AEyNYgBr93fhkG/YOIUtc7TPqlCRBSXOZhsCpk1xfPG0u3QoyMd8X0RH+QOuhk=" target="_blank"><span style="color: #1e88b4;">dataset </span></a>link. Here is from <b>Abe
Rosenberg</b>, in his own words: <i>“Thank you Fritz, What I can say
is , price, location & condition matter. Our photography is
almost like condo-new construction in the heart </i></span><i><span style="color: #36495f; font-family: "Segoe UI Symbol",sans-serif; font-size: 10.5pt; mso-bidi-font-family: "Segoe UI Symbol"; mso-fareast-font-family: "Times New Roman";">❤️</span></i><i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> of the village. There are certainly negatives, we
had 2 open houses first was 22 , last week 15 and I have a good
planning to come to my third on Sunday. Finally, I’m expecting an
offer today.” </span></i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">And here is from <b>Ari Harkov</b>, in his own words:
“<i>Good morning, The property is a top floor renovated coop with a
roof deck on a beautiful block in Carroll Gardens. We’ve had
excellent traffic the first few weekends. We have a number of
buyers circling but no offers in hand as of yet.”</i> <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">There were
5415 open houses held in the City last weekend, and, per my
unscientific method, roughly 5976 buyers were hopping from one open
house to another. Let’s check the action in each borough: <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Manhattan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – we received 193 open houses in
Manhattan. The average attendance dropped to 3.98, from 5.02 reported
the weekend earlier. Busy in Chelsea (5.88 – surprise!), Central
& West Village (5.75), Flatiron (5.00) and East Village (5.67).
Beware of small samples in East Village and Flatiron. Upper East Side
was below the average with 3.93 (Excellent 55 replies were received
from UES), UWS better than the average with 4.77 from 31 open houses.
Midtown East and Midtown West were identical this week with 3.09. See
the rest of Manhattan below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Brooklyn</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average dropped to 5.44, from
6.68 the weekend before. Last year we recorded 5.54 on the same
weekend. We received 34 replies from Brooklyn (why can’t we get
Brooklyn to 100+ participation?). Strong in Park Slope (6.60) and
Williamsburg (6.40) and Cobble Hill (8.67), but beware of small
sample sizes across the board. See the rest of Brooklyn below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Bronx</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average dipped to 2.75 (last
weekend it was 3.75), from just 8 open houses received. See details
below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Queens</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> - the average dropped to 5.43,
from 7.50 the weekend earlier. Just 7 open houses arrived from
Queens. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Staten
Island</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – no open
houses down there. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Size</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – Multi-unit buildings saw strong
attendance (5.80), as well as 3BR apartments (5.30). The slowest were
5BRs (2.25), JR4s (3.00) and 4BRs (3.33). <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Price</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the best attendance was in
$2M-$3M range, the worst in $3M+ range. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Condition</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the wrecks again on top with 6.09
average. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">First Open
House</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – 29 first
open houses reported attendance of 6.86. Compare this attendance at
your “stale” open houses with 3.81. 80% premium for being the first
this weekend. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">By
Appointment Only</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – just 2.90 parties attended By Appointment Only, vs.
4.28 for the “normal” open houses. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">This is all
for today. The weather for this Saturday is rain and sunny on Sunday,
but warm both days. Plan your open houses well and best of luck to
you! May all your buyers come prepared, qualified with strong
pre-approval letters and a lot of cash! Last year, on January 27, the
average attendance in NYC was 4.22, in Manhattan 4.04 and in Brooklyn
4.93. Are we going to do better this year?<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Encourage
your colleagues in the industry to participate. The more data we get,
the more reliable these statistics will be, and the more useful to
you. Lastly, another reminder to report the total number of <b>parties</b>
who attended, not just the number of bodies. A couple attending with
their broker is 3 humans, but one party, for the purpose of our
analysis. Big thank you to all of you who regularly and patiently
submit your numbers. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">PS: Do not
forget to check my reports on my <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001Urg0CjRqJ3Yu03fDaP1UFivDyP98WedtpzY-QfLix3PCQtu3DhAEJ-W0FEZVv5cdhRIYDdbF0AMDg2BL1Egm0nHppcuf5yQviEn2wBV6TUIkYV6zTzUFrdxNh-BnknJu8KDXCPpO1v5TGqTu3A9GC0qCdOJ-_-fj8aifWomsg3M%3D%26c%3DGYNNe0e6uSMw1YH6MEcpm3Ex0CWI-5dA-S3qck_PgSCX4Rqz-AOCHQ%3D%3D%26ch%3D5XTUqx1IkruO8alSccocfytWMOJ9lVYmboJbU7shERbP7henZ4iKZA%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C0bc0b03a51064f60ef7308d7a01b311a%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637153910960184573&sdata=cJk8NjNHKieoFfdXLnfV4nfHpuudYbYl%2Fz5CQGTx6CI%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001Urg0CjRqJ3Yu03fDaP1UFivDyP98WedtpzY-QfLix3PCQtu3DhAEJ-W0FEZVv5cdhRIYDdbF0AMDg2BL1Egm0nHppcuf5yQviEn2wBV6TUIkYV6zTzUFrdxNh-BnknJu8KDXCPpO1v5TGqTu3A9GC0qCdOJ-_-fj8aifWomsg3M=&c=GYNNe0e6uSMw1YH6MEcpm3Ex0CWI-5dA-S3qck_PgSCX4Rqz-AOCHQ==&ch=5XTUqx1IkruO8alSccocfytWMOJ9lVYmboJbU7shERbP7henZ4iKZA==" shash="W/RzTcaK5lW+3+1mqz3fSGmqGxQyxKd8+9y7wA5I0JbBWVKEq6xfrwHkIXD1gCA3y5FzngzSStzJWyO88H6i5uQRNIZuk+32m9jMeA9r3Fxfrv1GfQjo/9v6Xl3ZFhdvL3U1IPCsnY4jZ4IqSKrUJSLlfmYBVtyL9df3JyTudhM=" target="_blank"><span style="color: #1e88b4;">blog </span></a>at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001Urg0CjRqJ3Yu03fDaP1UFivDyP98WedtpzY-QfLix3PCQtu3DhAEJ-W0FEZVv5cdhRIYDdbF0AMDg2BL1Egm0nHppcuf5yQviEn2wBV6TUIkYV6zTzUFrdxNh-BnknJu8KDXCPpO1v5TGqTu3A9GC0qCdOJ-_-fj8aifWomsg3M%3D%26c%3DGYNNe0e6uSMw1YH6MEcpm3Ex0CWI-5dA-S3qck_PgSCX4Rqz-AOCHQ%3D%3D%26ch%3D5XTUqx1IkruO8alSccocfytWMOJ9lVYmboJbU7shERbP7henZ4iKZA%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C0bc0b03a51064f60ef7308d7a01b311a%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637153910960194578&sdata=ghN7rXl69UDod%2BoVOqqjvYqZ2jb0MfeQTvH5fqiuoj4%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001Urg0CjRqJ3Yu03fDaP1UFivDyP98WedtpzY-QfLix3PCQtu3DhAEJ-W0FEZVv5cdhRIYDdbF0AMDg2BL1Egm0nHppcuf5yQviEn2wBV6TUIkYV6zTzUFrdxNh-BnknJu8KDXCPpO1v5TGqTu3A9GC0qCdOJ-_-fj8aifWomsg3M=&c=GYNNe0e6uSMw1YH6MEcpm3Ex0CWI-5dA-S3qck_PgSCX4Rqz-AOCHQ==&ch=5XTUqx1IkruO8alSccocfytWMOJ9lVYmboJbU7shERbP7henZ4iKZA==" shash="xOFkCGf46tnOlJU7VDT47lnNftmA725syfCl/ENkjxJcy8kv94yr9UFDpvV/qfEznrtS0lXD5+HbNFyEKNCdlgymgLSMoqbIyFltuzTNw+96viDoe65AjXPw46EHml1k3qZnB/YbrnNm3kSgbh8xlcdZJOCvQCAeREte/CtZgQk=" target="_blank"><span style="color: #1e88b4;">https://halsteadopenhouseindex.blogspot.com/</span></a>.
You can easily view the reports from previous weeks and leave
comments. Also, check the link to <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001Urg0CjRqJ3Yu03fDaP1UFivDyP98WedtpzY-QfLix3PCQtu3DhAEJ41s5--HyeXY2Sgb7E16i4YGKiAF-r1kqOOKt0ckbknM-PpdezW0H-iNvDh8o7nysG5oTCAkrlQtgSXd3WkGl2vdh_o12HR3GD6tmIlx68Cddly6ngTlCcAsAuMWykVcW1nveUeDY-e8JNZmLtM59FJ1VdiYklwaAP1qI8ENUQujqPi0Ct_HOaQ%3D%26c%3DGYNNe0e6uSMw1YH6MEcpm3Ex0CWI-5dA-S3qck_PgSCX4Rqz-AOCHQ%3D%3D%26ch%3D5XTUqx1IkruO8alSccocfytWMOJ9lVYmboJbU7shERbP7henZ4iKZA%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C0bc0b03a51064f60ef7308d7a01b311a%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637153910960204573&sdata=KjxmNvWR0DD%2FHZBVLa6KonkrnEkOzshZVLu64gS2eW8%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001Urg0CjRqJ3Yu03fDaP1UFivDyP98WedtpzY-QfLix3PCQtu3DhAEJ41s5--HyeXY2Sgb7E16i4YGKiAF-r1kqOOKt0ckbknM-PpdezW0H-iNvDh8o7nysG5oTCAkrlQtgSXd3WkGl2vdh_o12HR3GD6tmIlx68Cddly6ngTlCcAsAuMWykVcW1nveUeDY-e8JNZmLtM59FJ1VdiYklwaAP1qI8ENUQujqPi0Ct_HOaQ=&c=GYNNe0e6uSMw1YH6MEcpm3Ex0CWI-5dA-S3qck_PgSCX4Rqz-AOCHQ==&ch=5XTUqx1IkruO8alSccocfytWMOJ9lVYmboJbU7shERbP7henZ4iKZA==" shash="vTDcPS4X5B68i5gAMgYKTqrwBJDS/LcQ8f9UUJJ0aCGtISz/IHiFtdw2+OW8ACKyh5fhIPg4Tb6p0X2ZKFElrUjF31GSV5Bgd7Oa3j4z3xgx4qGB1P9NNrbJ3/JFTNAMmdJsSlby245Zy73/45lVRUoaYMZVQq/xeg70Uyc9KXk=" target="_blank"><span style="color: #1e88b4;">dataset</span></a>. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Best
regards,<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Fritz Frigan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">To Sign Up
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<br />Fritz Friganhttp://www.blogger.com/profile/01338330654547035031noreply@blogger.com0tag:blogger.com,1999:blog-9178590370333606794.post-22039645387095965722020-01-29T05:39:00.001-08:002020-01-29T05:39:54.568-08:00Halstead Open House Index - report from weekend of January 12, 2020<br />
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<span style="mso-fareast-font-family: "Times New Roman";"><img border="0" class="" id="_x0000_i1025" src="http://files.constantcontact.com/635105d8401/a9f3436f-2969-449f-813f-38ab7d6b1697.jpg" style="display: block; height: auto; max-width: 100% !important;" width="620" /><o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Good
afternoon Halstead Open House Index tribe!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">How is
everyone feeling? Some uptick in the buyers’ activity? Now that more
buyers entered the market? <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Well, <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001Go7Jn_uTiUb70kE6rHJfiYpKeORiuFBc9cRj-OrsRlpVUiF8hUGlIKSMlBN3fgBIPVWVqOmfb280boLTUv1oTv1ahx8S4gHwrSHfzEwGwtM9KQSynk9-Pff1cdro6tq6m5BxXqFb2mXfaC5zvVZ3yx6dmgHE3ZlDe5Iaf4BG5D7yPooqXOujvxHT5lm8Lz0BFL8PrGCBGSkskF7lfaIGGNYjV7hC3tIdxo8YtsbqQY8%3D%26c%3DDExwTvtCQuHEuBDRc9EL1GseShtmoTli3uw9MfHppTyIo7pAvRe1kQ%3D%3D%26ch%3Dm06S6z9sm168BhdfMkpgoSem2iIpC7oT5-wqc9Hdk4JKITzapxhH0A%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Ce124445b303b45f312d808d79ab766d5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637147984805471635&sdata=8sYBCMJK%2BvHZMtPSw45VYatkH%2BcOH0ZVsEVUB3kfUJM%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001Go7Jn_uTiUb70kE6rHJfiYpKeORiuFBc9cRj-OrsRlpVUiF8hUGlIKSMlBN3fgBIPVWVqOmfb280boLTUv1oTv1ahx8S4gHwrSHfzEwGwtM9KQSynk9-Pff1cdro6tq6m5BxXqFb2mXfaC5zvVZ3yx6dmgHE3ZlDe5Iaf4BG5D7yPooqXOujvxHT5lm8Lz0BFL8PrGCBGSkskF7lfaIGGNYjV7hC3tIdxo8YtsbqQY8=&c=DExwTvtCQuHEuBDRc9EL1GseShtmoTli3uw9MfHppTyIo7pAvRe1kQ==&ch=m06S6z9sm168BhdfMkpgoSem2iIpC7oT5-wqc9Hdk4JKITzapxhH0A==" shash="zSjzuaiLOCcQRahgp5R6SjuFlBX8v8p5JjlMcLy6ybkgaeBM6SzdcEXHIbrHg0OfxEejmzK3ZKoci3OChVppLpDc29rFjBbOC11cGjZFulDSh0FYbjPdoRuGKL8NsoALf2+GaSjxJpbbPBvP1AEGX1XMnnbTWDvgEOPAj6nJT2Y=" target="_blank"><span style="color: #1e88b4;">the results from the last</span></a> weekend
certainly point that way! The average attendance in NYC jumped to
5.35 per open house, from 4.48 the weekend before. This is 19% more
traffic. 7 open houses reported traffic of 20+ attendees and 28 open
houses reported 10+. Check the dataset <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001Go7Jn_uTiUb70kE6rHJfiYpKeORiuFBc9cRj-OrsRlpVUiF8hUGlIKSMlBN3fgBI_1Xiqdj1c6ZFVrOAJd8YF1cpwUhrdCRCd8qjLwBbJkyI1S4uJ7ZWLyu0tALr0PSwzFEzOzX8dy34uP-Fo06OkaGL9MiQ13ToH7-kEG1ymnakA5ZsAyTATnCbyqpNVGXrhtJ99Xhgj1rnfB2JRrztXKkrvXxJL0iX87nOrWZJLKo%3D%26c%3DDExwTvtCQuHEuBDRc9EL1GseShtmoTli3uw9MfHppTyIo7pAvRe1kQ%3D%3D%26ch%3Dm06S6z9sm168BhdfMkpgoSem2iIpC7oT5-wqc9Hdk4JKITzapxhH0A%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Ce124445b303b45f312d808d79ab766d5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637147984805471635&sdata=%2BsSPDkJqZmgYBAbnRAyMEESPTLCOM12DXC3zRYmCsII%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001Go7Jn_uTiUb70kE6rHJfiYpKeORiuFBc9cRj-OrsRlpVUiF8hUGlIKSMlBN3fgBI_1Xiqdj1c6ZFVrOAJd8YF1cpwUhrdCRCd8qjLwBbJkyI1S4uJ7ZWLyu0tALr0PSwzFEzOzX8dy34uP-Fo06OkaGL9MiQ13ToH7-kEG1ymnakA5ZsAyTATnCbyqpNVGXrhtJ99Xhgj1rnfB2JRrztXKkrvXxJL0iX87nOrWZJLKo=&c=DExwTvtCQuHEuBDRc9EL1GseShtmoTli3uw9MfHppTyIo7pAvRe1kQ==&ch=m06S6z9sm168BhdfMkpgoSem2iIpC7oT5-wqc9Hdk4JKITzapxhH0A==" shash="kotsTsS/M5gto0fOtSKG5IMBVRqevHn3DTU8vsqlqFAMCj+FQsbgikA0XQgEQnDZefyVlWEpxq1GLPhxTkkDuKASRZUn6tfinfirAKC6BxNl1MzxGkiXL2qPKT7AA169cV6PGFlDtOU4fggwnwK5H60+dKCAjBZ0TpkEKqmsVqI=" target="_blank"><span style="color: #1e88b4;">here</span></a> for more specifics. Last year,
on the weekend of January 13 the average traffic was just 4.08. We
received 254 replies (disappointing). There were a total of 5684 open
houses held across the city. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">15 open
houses reported zero attendance. This is just 5.9% you guys should
seriously consider the pricing. My take is that, on the weekend when
5.35 people on average attend open houses, and you attract zero – the
verdict is: you seem to be grossly overpriced. The market is merciless.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The most
visited open house award goes this week to <b>Michael Carroll of BHS </b>this
week. His open house at <b>245 West 74</b></span><b><sup><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 9.0pt; mso-fareast-font-family: "Times New Roman"; mso-text-raise: 2.5pt; position: relative; top: -2.5pt;">th</span></sup></b><b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> Street, a 2BR for $1.5M</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">, attracted 29 visitors. Yes, it was
his first open house for this property. Here, in his own words: “<i>245
West 74</i></span><i><sup><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 9.0pt; mso-fareast-font-family: "Times New Roman"; mso-text-raise: 2.5pt; position: relative; top: -2.5pt;">th</span></sup></i><i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-spacerun: yes;"> </span>St #5C – It’s a gorgeous apartment
that the sellers wanted to present and price to attract the absolute
most number of visitors. They’ve chosen their next home in the
neighborhood and are motivated to sell. We also prayed for sunny
skies and spring-like temperatures and it worked. We’ve had multiple
offers and have just called for best-and-final numbers this
afternoon. I worked with a colleague who met visitors in the lobby
and gave an overview of the listing</span></i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">.” In fact, 11 out of top 14 most visited open houses
this last weekend, were the first open houses. 38 open houses in the
sample of 254 were the first. A lot of new product entered the
market, as expected. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">There were
8056 prospective buyers hopping from one open house to another, in my
very unscientific estimate. <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001Go7Jn_uTiUb70kE6rHJfiYpKeORiuFBc9cRj-OrsRlpVUiF8hUGlIKSMlBN3fgBI_1Xiqdj1c6ZFVrOAJd8YF1cpwUhrdCRCd8qjLwBbJkyI1S4uJ7ZWLyu0tALr0PSwzFEzOzX8dy34uP-Fo06OkaGL9MiQ13ToH7-kEG1ymnakA5ZsAyTATnCbyqpNVGXrhtJ99Xhgj1rnfB2JRrztXKkrvXxJL0iX87nOrWZJLKo%3D%26c%3DDExwTvtCQuHEuBDRc9EL1GseShtmoTli3uw9MfHppTyIo7pAvRe1kQ%3D%3D%26ch%3Dm06S6z9sm168BhdfMkpgoSem2iIpC7oT5-wqc9Hdk4JKITzapxhH0A%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Ce124445b303b45f312d808d79ab766d5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637147984805481626&sdata=S55wweKVWyYlKjr6xt3whckSfErO9gkp39xtBsW6UX4%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001Go7Jn_uTiUb70kE6rHJfiYpKeORiuFBc9cRj-OrsRlpVUiF8hUGlIKSMlBN3fgBI_1Xiqdj1c6ZFVrOAJd8YF1cpwUhrdCRCd8qjLwBbJkyI1S4uJ7ZWLyu0tALr0PSwzFEzOzX8dy34uP-Fo06OkaGL9MiQ13ToH7-kEG1ymnakA5ZsAyTATnCbyqpNVGXrhtJ99Xhgj1rnfB2JRrztXKkrvXxJL0iX87nOrWZJLKo=&c=DExwTvtCQuHEuBDRc9EL1GseShtmoTli3uw9MfHppTyIo7pAvRe1kQ==&ch=m06S6z9sm168BhdfMkpgoSem2iIpC7oT5-wqc9Hdk4JKITzapxhH0A==" shash="qvdQ+KCQvX/dx/to261nVi7mkrwpzIJ2q8thrZvBQCetpNP6Wb6QXCmB8XSMMpGxDnvkUhw7LEpr7nsclvYRVkghz6oQ+8lri4jydtxDTePQHgJNRzRg4Ii9PCR5IR4q2Hir4svR+rthNyOeklqH3AxMPxJIsLvNrfT+vKyBNUI=" target="_blank"><span style="color: #1e88b4;">Here </span></a>is the dataset. Let’s check the
action in each borough: <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Manhattan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average attendances leaped to
5.02, from 3.97 the weekend prior. Last year, on the same weekend,
Manhattan traffic was just 3.45. Are we seeing a rebound in buyer’s
appetite? Washington Heights (8.60), Battery Park/Financial District
(7.50), East Village (6.75), Central & West Village (6.67), Upper
West Side (6.32) and Upper East Side (5.61) led the pack. But beware
of small sample sizes in Battery Park (2), Washington Heights (5),
East Village (4). Harlem was slow (2.92), Midtown West too (2.63).
Midtown East below the average with 3.13. See the rest below. We
received 202 replies from Manhattan. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Brooklyn</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average jumped to 6.68, from
6.47 the weekend earlier. Last year on the same weekend Brooklyn
reported 7.34. Park Slope strong with 9.33. See the rest below and
beware of small sample sizes. I am thinking of removing Bushwick. We
hardly ever get any response from that Brooklyn neighborhood. We
received 38 replies from Brooklyn, last year it was 44. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Bronx</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average dropped to 3.75, from
5.00 the weekend prior. But from just 4 open houses reported in the
Bronx, all from Riverdale. Disappointing. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Queens</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average jumped to 7.50, from
just 8 open houses reported. Hello, Long Island City agents, what
happened this week? Queens reported 5.43 last year. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Staten
Island</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> –
zzzzzzzzzzzzzzz. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Size</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – surprise, the most action was at
3BR open houses (7.39) and Townhouses (7.75). 2BRs reported 5.81. The
slowest was at studios (3.50). <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Price</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – Most traffic in $1M-$2M range
(5.59), but $500K-$1M and $2M-$3M were right behind. The least
traffic in $3M+ range (4.87), but even this was strong for $3M+. In
all of 2019, the average attendance for $3M+ properties was 2.17. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Type</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – 45% more traffic at co-op open
houses, than at condo open houses. Pricing, pricing! <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Condition</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the wrecks came back roaring with
8.00 traffic average. The least at “mint” open houses (4.93).
Pricing, pricing! <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">First Open
House</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – with
10.50 per each of 38 first open houses, the premium was 236% for
attendance, compared to “stale” open houses (4.44). <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">By
Appointment Only</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – 289% more traffic at “normal” open houses, vs.
those labeled “by appointment only”. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">This is all
for today folks. I encourage you to click on the <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001Go7Jn_uTiUb70kE6rHJfiYpKeORiuFBc9cRj-OrsRlpVUiF8hUGlIKSMlBN3fgBI_1Xiqdj1c6ZFVrOAJd8YF1cpwUhrdCRCd8qjLwBbJkyI1S4uJ7ZWLyu0tALr0PSwzFEzOzX8dy34uP-Fo06OkaGL9MiQ13ToH7-kEG1ymnakA5ZsAyTATnCbyqpNVGXrhtJ99Xhgj1rnfB2JRrztXKkrvXxJL0iX87nOrWZJLKo%3D%26c%3DDExwTvtCQuHEuBDRc9EL1GseShtmoTli3uw9MfHppTyIo7pAvRe1kQ%3D%3D%26ch%3Dm06S6z9sm168BhdfMkpgoSem2iIpC7oT5-wqc9Hdk4JKITzapxhH0A%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Ce124445b303b45f312d808d79ab766d5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637147984805481626&sdata=S55wweKVWyYlKjr6xt3whckSfErO9gkp39xtBsW6UX4%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001Go7Jn_uTiUb70kE6rHJfiYpKeORiuFBc9cRj-OrsRlpVUiF8hUGlIKSMlBN3fgBI_1Xiqdj1c6ZFVrOAJd8YF1cpwUhrdCRCd8qjLwBbJkyI1S4uJ7ZWLyu0tALr0PSwzFEzOzX8dy34uP-Fo06OkaGL9MiQ13ToH7-kEG1ymnakA5ZsAyTATnCbyqpNVGXrhtJ99Xhgj1rnfB2JRrztXKkrvXxJL0iX87nOrWZJLKo=&c=DExwTvtCQuHEuBDRc9EL1GseShtmoTli3uw9MfHppTyIo7pAvRe1kQ==&ch=m06S6z9sm168BhdfMkpgoSem2iIpC7oT5-wqc9Hdk4JKITzapxhH0A==" shash="qvdQ+KCQvX/dx/to261nVi7mkrwpzIJ2q8thrZvBQCetpNP6Wb6QXCmB8XSMMpGxDnvkUhw7LEpr7nsclvYRVkghz6oQ+8lri4jydtxDTePQHgJNRzRg4Ii9PCR5IR4q2Hir4svR+rthNyOeklqH3AxMPxJIsLvNrfT+vKyBNUI=" target="_blank"><span style="color: #1e88b4;">Dataset </span></a>link. More and more agents
are feeling “brave” and leaving readable comments, with exact
addresses of their exclusives or other interesting details. Such as,
if there was a price drop, if there’s outdoor space, or something
else. I also remind you that you can easily see my reports from
previous weeks on my blog at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001Go7Jn_uTiUb70kE6rHJfiYpKeORiuFBc9cRj-OrsRlpVUiF8hUGlIA4GCpsNyk2ZQFGrw0Sum-9oOwFekPNdqH7AuhWYuR7ynBoySl9_dAfiVn_M8mN3xFQvC2fgW4HC1D4HLafaBN02ZP0ObmwrJcLh4vl-nTfVkFkPgvJ5_8E%3D%26c%3DDExwTvtCQuHEuBDRc9EL1GseShtmoTli3uw9MfHppTyIo7pAvRe1kQ%3D%3D%26ch%3Dm06S6z9sm168BhdfMkpgoSem2iIpC7oT5-wqc9Hdk4JKITzapxhH0A%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Ce124445b303b45f312d808d79ab766d5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637147984805491621&sdata=CWZ6zpLAvfIfwB4T97HnR9fTFKoboJMHI37nu0g6H88%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001Go7Jn_uTiUb70kE6rHJfiYpKeORiuFBc9cRj-OrsRlpVUiF8hUGlIA4GCpsNyk2ZQFGrw0Sum-9oOwFekPNdqH7AuhWYuR7ynBoySl9_dAfiVn_M8mN3xFQvC2fgW4HC1D4HLafaBN02ZP0ObmwrJcLh4vl-nTfVkFkPgvJ5_8E=&c=DExwTvtCQuHEuBDRc9EL1GseShtmoTli3uw9MfHppTyIo7pAvRe1kQ==&ch=m06S6z9sm168BhdfMkpgoSem2iIpC7oT5-wqc9Hdk4JKITzapxhH0A==" shash="lb/Ipr0/rfoP+oaHhDImd27xBdesoBT3ek7D+CnYY0GOY3hlFDwQ/9wlKqNPwG7pkJA/w03cvgghDOHOJh5UUD4Y6vgzSlwtqp0h+pfUJLRj1qv8kX/VcskSafw4Qo2ssU0TD7dr37ORn96KQsCvFEzwxEUsQtsar7seMKh9mbg=" target="_blank"><span style="color: #1e88b4;">https://halsteadopenhouseindex.blogspot.com/</span></a>,
where you can also comment. Lastly, do not be shy to ask for specific
analysis, averages or charts, if this is what would help you in difficult
conversations with your sellers! <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Best of luck
at your open houses this coming weekend!<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Fritz Frigan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">To Sign Up
to Receive Halstead’s Open House Index Report</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><a data-segment-action="add" data-segment-id="dc5f1b50-6428-11e8-aee1-d4ae527536ce" href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001Go7Jn_uTiUb70kE6rHJfiYpKeORiuFBc9cRj-OrsRlpVUiF8hUGlILKlNvlFFkNjsphrUo2w98f6CVa7swI5K3NacBt0OqaVfzGlhkyM6BNMPi6Z8XQe6yiFYyw9D19CTtr06kwhd8hzjunMd6D94gD9TSWBBwwQJ4cnJ7wax1fdk6KcPspD6pkXdx93IjHaABTQW_nmB9_gvD-odo4oeyCNXeo3Z-wUch86iWjvA0ixAKtt4I0KDcJArdYRXdfv2k6r-_w6heo83FFX6lS2wT1qoYUtcDeY9u9p_A7D7ydh00uneb_gVgDU2s2mnIOjLoyd6z6m-XFh3bsJ82r_W2fLAY-r53m2h0xdLOrD53qV4kLYGeDNHBUnwMUmASnShIWsCcB8rco8hM-OaYgipoOMhR8iv66uP167kp0roIUZE3h6b74PB8MtTdrk79auTczAoxPimQp7hAlrIui2X8Z7CzE3bzuP2yKgOT_Lr01OHnj7knBgIJ_Wfhcr4-61rP1-lnN9XQKUo3CESdWoq9OjYDRKCBiGJKNukGMuaRDvcQW7H7Y_PBv2pUhsxvGGBK0oA44j0TF6z1dmTK7iZysM4vN4Ux09U0Zp85_zaK7bMqt-GvCYhVX9etvh4T5qATiTf4Lzcmcs_rJAL4Ht_e9pqyr2Yap-cx7qzJhTuheqzhogUGUgiJMRmnHuaTbb26661_88ihwwWBCjHb8gFOGBmC46nxo3qkhjXp-ZxYe18DgOH2mnuyqecMeTe9404cZz7K-QH-LbTTPzwqsULAa4yhvf6tpnScDaNkBjnP0wbPy3v04KhMgfyo3lqu_I1WU6oMsBfYKqNXc5In8XH1rLXII5_ZaJe7fpqU10vpntmmRbkeofjB33TjqSCnELFRB4RYfqb9UHofKVHGOqpaIZ7cezxrwI8fmACdAfaczeUhyXCfocA1tYtDvzp4HgyEUN3J-mbUE6BeKtBuKd1a3ah68ep6R-5f5lwLzoSdT2IXAm1yEMI76Bc9BdxWpgRC-flovLRGetgSbt8tmgvXJZukBCsHWzF94_12MAc9eYI-gECL-KFp5uX9K8NJ1gs9jIK0mLrzfVKamwWJ37mTzV1Ujjtgw6daoFJSeuO5A28F9YFpG6_65wLOXSDZxz5ksBefVCLgvIHMrTDcqzaBoiLTG4yq9VEwvAMloHr6SFyFnc0NE5pttlMM_I9fBDpuSn_hWgN4GWWRwUddMiSFE6qTOLg3qfMovAOvcpYqWF_7N0UVU3JyKwmI8gpgeI9SYWEQ5DSiymoBA0LCc6iFqycAWfAUDE1vTcpZX6Jc2i6D7SwaM_kjSNOgdUPqjBhSXEJT-KhXXPdATvP9xj8uQeve2gmrpG251wEPzG5GA%3D%26c%3DDExwTvtCQuHEuBDRc9EL1GseShtmoTli3uw9MfHppTyIo7pAvRe1kQ%3D%3D%26ch%3Dm06S6z9sm168BhdfMkpgoSem2iIpC7oT5-wqc9Hdk4JKITzapxhH0A%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Ce124445b303b45f312d808d79ab766d5%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637147984805491621&sdata=UXeLjNWhwPHWQE%2BXBqIVAaiNgYjJwQeyYP9nZyzHmac%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001Go7Jn_uTiUb70kE6rHJfiYpKeORiuFBc9cRj-OrsRlpVUiF8hUGlILKlNvlFFkNjsphrUo2w98f6CVa7swI5K3NacBt0OqaVfzGlhkyM6BNMPi6Z8XQe6yiFYyw9D19CTtr06kwhd8hzjunMd6D94gD9TSWBBwwQJ4cnJ7wax1fdk6KcPspD6pkXdx93IjHaABTQW_nmB9_gvD-odo4oeyCNXeo3Z-wUch86iWjvA0ixAKtt4I0KDcJArdYRXdfv2k6r-_w6heo83FFX6lS2wT1qoYUtcDeY9u9p_A7D7ydh00uneb_gVgDU2s2mnIOjLoyd6z6m-XFh3bsJ82r_W2fLAY-r53m2h0xdLOrD53qV4kLYGeDNHBUnwMUmASnShIWsCcB8rco8hM-OaYgipoOMhR8iv66uP167kp0roIUZE3h6b74PB8MtTdrk79auTczAoxPimQp7hAlrIui2X8Z7CzE3bzuP2yKgOT_Lr01OHnj7knBgIJ_Wfhcr4-61rP1-lnN9XQKUo3CESdWoq9OjYDRKCBiGJKNukGMuaRDvcQW7H7Y_PBv2pUhsxvGGBK0oA44j0TF6z1dmTK7iZysM4vN4Ux09U0Zp85_zaK7bMqt-GvCYhVX9etvh4T5qATiTf4Lzcmcs_rJAL4Ht_e9pqyr2Yap-cx7qzJhTuheqzhogUGUgiJMRmnHuaTbb26661_88ihwwWBCjHb8gFOGBmC46nxo3qkhjXp-ZxYe18DgOH2mnuyqecMeTe9404cZz7K-QH-LbTTPzwqsULAa4yhvf6tpnScDaNkBjnP0wbPy3v04KhMgfyo3lqu_I1WU6oMsBfYKqNXc5In8XH1rLXII5_ZaJe7fpqU10vpntmmRbkeofjB33TjqSCnELFRB4RYfqb9UHofKVHGOqpaIZ7cezxrwI8fmACdAfaczeUhyXCfocA1tYtDvzp4HgyEUN3J-mbUE6BeKtBuKd1a3ah68ep6R-5f5lwLzoSdT2IXAm1yEMI76Bc9BdxWpgRC-flovLRGetgSbt8tmgvXJZukBCsHWzF94_12MAc9eYI-gECL-KFp5uX9K8NJ1gs9jIK0mLrzfVKamwWJ37mTzV1Ujjtgw6daoFJSeuO5A28F9YFpG6_65wLOXSDZxz5ksBefVCLgvIHMrTDcqzaBoiLTG4yq9VEwvAMloHr6SFyFnc0NE5pttlMM_I9fBDpuSn_hWgN4GWWRwUddMiSFE6qTOLg3qfMovAOvcpYqWF_7N0UVU3JyKwmI8gpgeI9SYWEQ5DSiymoBA0LCc6iFqycAWfAUDE1vTcpZX6Jc2i6D7SwaM_kjSNOgdUPqjBhSXEJT-KhXXPdATvP9xj8uQeve2gmrpG251wEPzG5GA=&c=DExwTvtCQuHEuBDRc9EL1GseShtmoTli3uw9MfHppTyIo7pAvRe1kQ==&ch=m06S6z9sm168BhdfMkpgoSem2iIpC7oT5-wqc9Hdk4JKITzapxhH0A==" shash="NkHry1YxpTPXYer6K6lB8eO6z46RQxt0udmO428uQNchugSPUzy2xpIj+SM4zr/gb0cHWW6MGTegvAuUQivwjKOsct9k3QcG9UuNAKmzxT9v2tHe7cjPDvtsxdF2mdRLzTnEGjLiqh+fA7fU7QTHRyJccAnmZ73NjcikmsCm0Mc=" target="_blank"><span style="color: #1f497d;">Click Here</span></a> <o:p></o:p></span></div>
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<br />Fritz Friganhttp://www.blogger.com/profile/01338330654547035031noreply@blogger.com0tag:blogger.com,1999:blog-9178590370333606794.post-255650354915113342020-01-09T08:14:00.001-08:002020-01-09T08:14:12.488-08:00Halstead Open House Index - report from weekend of January 5, 2020<br />
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Good morning
Halstead Open House Index subscribers and supporters,<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Happy New
Year to all of you! <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001GVlrINbP6_muLVJ_NMwHJJjOMscfu9aK9EwLHomWLoPAlrrSw_Z53IhPfQiwOwoc7DbDdYf1O0JiaLfFiR4bP8UrEP7gef4e_SyvVpKQ_vne-_YMs8DHeGaTIil3987lluamLUN5-E_zWyvXYivJj0NwuXNZF0wke6dbSOVXlhAWiRg6JDt2ch0PxJPPCdVfQAi4rn9ba0c8x8H7Cu23SYAQCZ3zEKf7E0aTbJJbOE8%3D%26c%3Dbr2eMp9QdJrFFdXSPviPBAwaOyFMQfsvh8jBG3M8iZoxRYk7pO9T2w%3D%3D%26ch%3DkzWoKbrTxikwE2SkHREOe5IGh6FpIkYvx-3P-5YCkdDv2hkIYvtX_w%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C2634d77e003d4df612e808d7951e4d06%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637141829692710302&sdata=%2F125Z0KdqXfjwA%2FFyftUr3thkTUp8PEL5WVjyQ3XPPw%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001GVlrINbP6_muLVJ_NMwHJJjOMscfu9aK9EwLHomWLoPAlrrSw_Z53IhPfQiwOwoc7DbDdYf1O0JiaLfFiR4bP8UrEP7gef4e_SyvVpKQ_vne-_YMs8DHeGaTIil3987lluamLUN5-E_zWyvXYivJj0NwuXNZF0wke6dbSOVXlhAWiRg6JDt2ch0PxJPPCdVfQAi4rn9ba0c8x8H7Cu23SYAQCZ3zEKf7E0aTbJJbOE8=&c=br2eMp9QdJrFFdXSPviPBAwaOyFMQfsvh8jBG3M8iZoxRYk7pO9T2w==&ch=kzWoKbrTxikwE2SkHREOe5IGh6FpIkYvx-3P-5YCkdDv2hkIYvtX_w==" shash="lt9vahQ9yNyr0b7IIyYYZFwmvJLIQ2M/PsGTwsIVy2Nj7EefeNlKx3fZcGGnkryXDfejeebxCTgz6+iejJgfR6UfPU8nQu9UrOB/89ea1AU52nxIi/zP6uGWKqYucgqnCI4huhrxfYRVr0PvZe2ac49DsE2zc1JIaBcY6HcAb1g=" target="_blank"><span style="color: #1e88b4;">Here </span></a>is the first report of 2020.
What do you think, how did it go? Did we get a January bump? You
better believe it! No, you do not need to believe it – with your data
and my report you will KNOW it! <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">We received
201 surveys for this past weekend and the average attendance for all
of NYC jumped to 4.48 per open house. Compare this to last year, on
January 6, 2019, when we recorded attendance of 4.21 per open house.
Last weekend in 2019 the average was 3.23 (but from only 44 surveys
submitted) and the weekend prior it was 2.07. The average for all
weekends in December 2019 was 2.53 – so this past weekend represents
a 77% increase in traffic! Are the bonus people out - looking for
real estate?<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">18 open
houses reported zero traffic, which is just 8.9%. Not bad. If you
anticipate a very slow open house in the future, I recommend two
books to read, to help you grow your business. “Crucial
Conversations” – excellent book on hard stake negotiations. “365
Thank Yous: The Year a Simple Act of Daily gratitude Changed My
Life”– book recommend also by Ninja Selling to inspire you how, what
and to whom to write thank you notes each day.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The most
visited open house was reported by <b>Phyllis Gallaway</b> from <b>Sotheby’s</b>.
She greeted 41 parties at her first open house for a 2BR co-op at
1725 York Avenue on the Upper East Side. Here, in her own words: “<i>Apt
is triple mint, priced to sell and has very low maintenance- also a
financially sound building. I had an assistant at the showing, a bit
difficult with the crowd, but doable. Yes to offers. Beautiful
home!!!”</i> <o:p></o:p></span></div>
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<i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"></span></i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">There were
4306 open houses last weekend in NYC and, in my estimate, 5106
prospective buyers were hopping from one to another. <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001GVlrINbP6_muLVJ_NMwHJJjOMscfu9aK9EwLHomWLoPAlrrSw_Z53IhPfQiwOwocUyWJrhfQVN2Qpv3Qbpx_kyGBaFK7KlLg8SNl5iimxxXo_QyBqMj7deA48xIRecVtX7qbAAZFjTIIqF6ncyOpFW712mAMIckHR91Ci-aqo2N__FBx6zuX6nqdaRuz40pTGbLwx4MRXYxJU4MmnIDM0lwI6rDgDdaU2gczzhUD6Hw%3D%26c%3Dbr2eMp9QdJrFFdXSPviPBAwaOyFMQfsvh8jBG3M8iZoxRYk7pO9T2w%3D%3D%26ch%3DkzWoKbrTxikwE2SkHREOe5IGh6FpIkYvx-3P-5YCkdDv2hkIYvtX_w%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C2634d77e003d4df612e808d7951e4d06%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637141829692720296&sdata=KOsoWAhqFPlGcnGHG4BdJvGI%2Fh%2BiBBgbMR9agshI%2Bkc%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001GVlrINbP6_muLVJ_NMwHJJjOMscfu9aK9EwLHomWLoPAlrrSw_Z53IhPfQiwOwocUyWJrhfQVN2Qpv3Qbpx_kyGBaFK7KlLg8SNl5iimxxXo_QyBqMj7deA48xIRecVtX7qbAAZFjTIIqF6ncyOpFW712mAMIckHR91Ci-aqo2N__FBx6zuX6nqdaRuz40pTGbLwx4MRXYxJU4MmnIDM0lwI6rDgDdaU2gczzhUD6Hw=&c=br2eMp9QdJrFFdXSPviPBAwaOyFMQfsvh8jBG3M8iZoxRYk7pO9T2w==&ch=kzWoKbrTxikwE2SkHREOe5IGh6FpIkYvx-3P-5YCkdDv2hkIYvtX_w==" shash="ionjnN09AlLvTjWCjgMkkegtHYzxa1y8Af84KHU5NRIvJtv22Cowa9u5aP+NweVhvOs04cngth8lwgtzeFDXrQbITCEmxe/VzdBHff+H3JntGuNkRWse0y+vdC35q2+TtW5nyE6U/8MK8i8nDKxPXu9bGaWMRzK0S8PBioCHJmw=" target="_blank"><span style="color: #1e88b4;">Here </span></a>is the dataset. Let’s check the
action in each borough: <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Manhattan </span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">– the average jumped to 3.97 per
open house. Without that one record open house, the average would
have stood at 3.72. Last year, on January 6, 2019, the Manhattan
average was 3.80. In all weekends of December 2019, the average was
2.33. Two busy open houses in East Village with 13.50 average (small
sample). Central and West Village was busy with 5.00. Upper East Side
(4.74) and Upper West Side (4.34) above the average, although, if we
remove that one record open house, UES would be below the average
with just 3.78. Midtown West (2.33) and Chelsea (2.33) started the
year slow. See the rest below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Brooklyn </span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">– the average jumped to 6.47 from 34
open houses received. Last year we recorded 5.95 in Brooklyn from 42
open houses submitted for January 6, 2019 weekend. The average for
all weekends in December in Brooklyn was 3.13, so this is a 206% jump
in traffic, compared to the December average! Cobble Hill/Carroll Gardens
(10.25) and Fort Greene/Clinton Hill (10.00) led the averages. Crown
Heights (8.00) and Williamsburg (7.67) not bad either, but beware of
small sample sizes. Bed Stuy was below the average with 4.50. See the
rest below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Bronx </span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">– not bad with 5.00 per open house.
Busy in Riverdale with 6.14 from 7 open houses. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Queens</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – also busy with 6.00 per open
house from just 5 open houses received from Queens. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Staten
Island </span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">– still in
winter hibernation. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Size </span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">– townhouses (5.89) were awesome,
and JR4s (5.33) and 2BRs (5.27) were not far behind. The least
interest was in studios with 2.84, the only size category not to
break 3.00 or higher. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Price </span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">– All price categories scored 4.00
or more, but 2BRs scored 5.09, granted – thanks to that one open
house at 1725 York Avenue. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Type </span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">– condos attracted 3.90 per open
house and co-ops 4.86. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Condition </span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">– “Excellent/mint” with 5.10 was the
winner this weekend, “wrecks” were the worst with 3.14. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">First Open
House</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – 9.05 per
each first open house vs. 4.01 for the stale ones. Price them well so
you receive offers after your first open house! <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">By
Appointment Only</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – 90% more traffic at “normal” open houses vs. those
advertised “by appointment only”. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">This is all
for today. Let me know if you like what you read here or if you
prefer a different type of analysis. It is a collaborative forum
here, let’s share best open house practices or any other real estate
brokerage practices! My open house database grew to 24,252 records
and subscription list to 2134 “subscribers”, primarily agents such as
you, with the occasional reporter and condo developer lurking in here
too! For this coming weekend I will include a new neighborhood in
Manhattan: “Battery Park/Financial District”.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Best of luck
at your open houses this coming weekend!<o:p></o:p></span></div>
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<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; min-width: 100%; mso-padding-alt: 0in 0in 0in 0in; mso-yfti-tbllook: 1184; width: 100%px;">
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">PS: Do not
forget to check my reports on my <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001GVlrINbP6_muLVJ_NMwHJJjOMscfu9aK9EwLHomWLoPAlrrSw_Z53EQJIdFal4iBgWGPWLq6NgWnq5HmohT-GpCCdmkQMDSc-SVWxglUVMZyk-MwvisH6jjbQqPLreyW7So2sFXidkkq2IjAfXc2pdOYNiIzm25wEf7TkqQhoMs%3D%26c%3Dbr2eMp9QdJrFFdXSPviPBAwaOyFMQfsvh8jBG3M8iZoxRYk7pO9T2w%3D%3D%26ch%3DkzWoKbrTxikwE2SkHREOe5IGh6FpIkYvx-3P-5YCkdDv2hkIYvtX_w%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C2634d77e003d4df612e808d7951e4d06%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637141829692720296&sdata=jdLKy3UEs%2BZ5fN%2FGHJcpbqM%2BVmkY4AzWr5hH3UVwTbQ%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001GVlrINbP6_muLVJ_NMwHJJjOMscfu9aK9EwLHomWLoPAlrrSw_Z53EQJIdFal4iBgWGPWLq6NgWnq5HmohT-GpCCdmkQMDSc-SVWxglUVMZyk-MwvisH6jjbQqPLreyW7So2sFXidkkq2IjAfXc2pdOYNiIzm25wEf7TkqQhoMs=&c=br2eMp9QdJrFFdXSPviPBAwaOyFMQfsvh8jBG3M8iZoxRYk7pO9T2w==&ch=kzWoKbrTxikwE2SkHREOe5IGh6FpIkYvx-3P-5YCkdDv2hkIYvtX_w==" shash="ShGSneRwFIOSWz5JocCW1hbIwc4OT2OMCXG2yDWBbHkCtmrJpjgXq+rvQtTsBBuEz92rButiCZKHv53+JXoxn8kXnq8+tTejbGChgKHTCj2oUCln8G/R9ointuNQ178QVXzVuXXiTyfIqi5BFXQyLeppE6DqjE14LihEHfN99A4=" target="_blank"><span style="color: #1e88b4;">blog </span></a>at <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001GVlrINbP6_muLVJ_NMwHJJjOMscfu9aK9EwLHomWLoPAlrrSw_Z53EQJIdFal4iBgWGPWLq6NgWnq5HmohT-GpCCdmkQMDSc-SVWxglUVMZyk-MwvisH6jjbQqPLreyW7So2sFXidkkq2IjAfXc2pdOYNiIzm25wEf7TkqQhoMs%3D%26c%3Dbr2eMp9QdJrFFdXSPviPBAwaOyFMQfsvh8jBG3M8iZoxRYk7pO9T2w%3D%3D%26ch%3DkzWoKbrTxikwE2SkHREOe5IGh6FpIkYvx-3P-5YCkdDv2hkIYvtX_w%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C2634d77e003d4df612e808d7951e4d06%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637141829692730294&sdata=8yhcamgXwkuiY0srfgVifCuqiTQKFOMpSkAC67MZD7I%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001GVlrINbP6_muLVJ_NMwHJJjOMscfu9aK9EwLHomWLoPAlrrSw_Z53EQJIdFal4iBgWGPWLq6NgWnq5HmohT-GpCCdmkQMDSc-SVWxglUVMZyk-MwvisH6jjbQqPLreyW7So2sFXidkkq2IjAfXc2pdOYNiIzm25wEf7TkqQhoMs=&c=br2eMp9QdJrFFdXSPviPBAwaOyFMQfsvh8jBG3M8iZoxRYk7pO9T2w==&ch=kzWoKbrTxikwE2SkHREOe5IGh6FpIkYvx-3P-5YCkdDv2hkIYvtX_w==" shash="A8RuAgZRwbwDWnaeq4BdS65s+tmhKjkrmJF7p9Xjc2+HDcbEXXUAsPV7eH4RwGYQ3WjqzZRiRVeW170s8JRrK8Chj9tYYvmpOHv0Lj0ifj33OMoLlKGf0I5T0tCsrttcMRsd+1WcSlZu68U3fBANjW1BOv47gKgp8ef87BdamA4=" target="_blank"><span style="color: #1e88b4;">https://halsteadopenhouseindex.blogspot.com/</span></a>.
You can easily view the reports from previous weeks and leave
comments. Also, check the link to <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001GVlrINbP6_muLVJ_NMwHJJjOMscfu9aK9EwLHomWLoPAlrrSw_Z53IhPfQiwOwocUyWJrhfQVN2Qpv3Qbpx_kyGBaFK7KlLg8SNl5iimxxXo_QyBqMj7deA48xIRecVtX7qbAAZFjTIIqF6ncyOpFW712mAMIckHR91Ci-aqo2N__FBx6zuX6nqdaRuz40pTGbLwx4MRXYxJU4MmnIDM0lwI6rDgDdaU2gczzhUD6Hw%3D%26c%3Dbr2eMp9QdJrFFdXSPviPBAwaOyFMQfsvh8jBG3M8iZoxRYk7pO9T2w%3D%3D%26ch%3DkzWoKbrTxikwE2SkHREOe5IGh6FpIkYvx-3P-5YCkdDv2hkIYvtX_w%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C2634d77e003d4df612e808d7951e4d06%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637141829692730294&sdata=Noo4YFo6c%2BU0h4%2BsLoGTrMDXJD17Y7Jn4W%2BQreSy%2BPU%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001GVlrINbP6_muLVJ_NMwHJJjOMscfu9aK9EwLHomWLoPAlrrSw_Z53IhPfQiwOwocUyWJrhfQVN2Qpv3Qbpx_kyGBaFK7KlLg8SNl5iimxxXo_QyBqMj7deA48xIRecVtX7qbAAZFjTIIqF6ncyOpFW712mAMIckHR91Ci-aqo2N__FBx6zuX6nqdaRuz40pTGbLwx4MRXYxJU4MmnIDM0lwI6rDgDdaU2gczzhUD6Hw=&c=br2eMp9QdJrFFdXSPviPBAwaOyFMQfsvh8jBG3M8iZoxRYk7pO9T2w==&ch=kzWoKbrTxikwE2SkHREOe5IGh6FpIkYvx-3P-5YCkdDv2hkIYvtX_w==" shash="lR0e73WG1DZcWK7mdyIvhdwP2TO2GIkZazwM0o93uHzmqpzpeAiPWq0w6O1OsIWOVq0P6A4BX++8CtoMoQh+mLMbM3a6JAyqIfM5oz7P5DkX1dtaKXOsxoDk0hMEU/ZmNnYEi4ObDTwEvex0CQ7Q/bTiD7vPHL3j/YYAgBLxqd4=" target="_blank"><span style="color: #1e88b4;">dataset</span></a>.<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Fritz Frigan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">To Sign Up
to Receive Halstead’s Open House Index Report</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><a data-segment-action="add" data-segment-id="dc5f1b50-6428-11e8-aee1-d4ae527536ce" href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001GVlrINbP6_muLVJ_NMwHJJjOMscfu9aK9EwLHomWLoPAlrrSw_Z53FA2nY_FwsPlmZGGJWyK5k_Kwvyb3nMrxexUIlQWpG4QKWz9COsk_gz4509_smD20WbsBo0A1_EHsXDfVhjhpTzEBTh_7yM6I7i-nT0LgFbCTr6aSeJ2pGf-aGe8nL6jrA5VWR_IMkTxIVjsjcoEIzMP8KWqQkVzrh9ojtBVbh8cY9wbs_-JXsA7dODFKtXaL-nKWsGGGUmLhbW5oks-dJ-VsTjACMWepFqBEiqvOE6AjRPOxmD7gIqx3A8HXknVjxmghpL5ncTQzn977kY-btf4C_RSDmh7604AqVB1b3Ktp37tmUmaK3Y2aVKkOtYTIBuaHwUlmp4s312EtAKB4pVttnqtWAQ3BrRnQJzuJ_4hnVcqcp8CWyoHkgySeeQSVveA_2N_P8qlR2C7UTZrOaz-BocAKLiWYLy_fJ9cCF4Ra8s1wMPAYrUnCVN-CxwVqUJYT9S741Na4ZHA2N-xWo_0lNUg2ToVpu-WAOxwHt3H7oD51MJW99SoRv_GA-XBxuPI26p1jWByvXTIGgmPOP8_s-IoAqFAg0Qg9NWY-rbzdLNp48M8dAe4PBT1G7PoQn5sImpu5AWEDkeSgz-mnpBTfL90W7mModFBswCA-HWKixKroVHs035Tk5-PhHDJPBen234r_32XbfB5Pps74nnz37quFLg9F4ClW1Oj7Skr-L6stZ7kJdZXKX3Ho8utcZPw-Cgg-yOxButImrVZbw7zJrmal5fGtBdqxsSe1wxiuh5TSR9lhHTfxGtpDXdGZqgetrcjj-G08MzwkOooHh5sLltLQbOM-Saz94uL9wJuoSZQyQ95urcFqvxwP7iPtm7wDkPsKDV7wendwQ7tj6yo7uAiCJH8VpHY4y-lZl86Diw5mSZZkHEEgldqEFSm8k0txD0Qy7SUXIYuOwRgatSW-27JxMOEO10yLdhQDDv2xcIpI50fCVHo2iw-wXpwJDilTCdxDFgFR8xn8baLZinivdsMhc20AEVgNs2jOUFsO1uBJm21pvFfWa0AahSLEmtXBwoobLd8vZix_ONFU-FLcJX9ty8M3kkHcScW6nBtJgzT6sq2SRY1XSnbpPMl0m-_jXC1rCJWrLKboxOcHk0QgLV58SWa0UXQAcgPK5cNq1d8f0QR4q7IXWOdGzJNOE2AXnTgSEdXc-5VGoYI_EG2kUWJtqvxVlQqhHTdZ1n4IYCZ6Y5nEexoWumuSSXUfN2D2i8_X6bbq2AhcgUwbb9rR_DMBqbuHUcY7AYn_3JUkjUMLtyztGtQqYx5SUffv_Cn1yzgRs-vrDjMT-1kYEvKe09aykNXKXvdNhlZuJ4capuz--EajCc%3D%26c%3Dbr2eMp9QdJrFFdXSPviPBAwaOyFMQfsvh8jBG3M8iZoxRYk7pO9T2w%3D%3D%26ch%3DkzWoKbrTxikwE2SkHREOe5IGh6FpIkYvx-3P-5YCkdDv2hkIYvtX_w%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C2634d77e003d4df612e808d7951e4d06%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637141829692730294&sdata=ZzPeH4sLhF6p8bXBstYh5QoyHbBxyV%2BuUf0GGYzo%2Bik%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001GVlrINbP6_muLVJ_NMwHJJjOMscfu9aK9EwLHomWLoPAlrrSw_Z53FA2nY_FwsPlmZGGJWyK5k_Kwvyb3nMrxexUIlQWpG4QKWz9COsk_gz4509_smD20WbsBo0A1_EHsXDfVhjhpTzEBTh_7yM6I7i-nT0LgFbCTr6aSeJ2pGf-aGe8nL6jrA5VWR_IMkTxIVjsjcoEIzMP8KWqQkVzrh9ojtBVbh8cY9wbs_-JXsA7dODFKtXaL-nKWsGGGUmLhbW5oks-dJ-VsTjACMWepFqBEiqvOE6AjRPOxmD7gIqx3A8HXknVjxmghpL5ncTQzn977kY-btf4C_RSDmh7604AqVB1b3Ktp37tmUmaK3Y2aVKkOtYTIBuaHwUlmp4s312EtAKB4pVttnqtWAQ3BrRnQJzuJ_4hnVcqcp8CWyoHkgySeeQSVveA_2N_P8qlR2C7UTZrOaz-BocAKLiWYLy_fJ9cCF4Ra8s1wMPAYrUnCVN-CxwVqUJYT9S741Na4ZHA2N-xWo_0lNUg2ToVpu-WAOxwHt3H7oD51MJW99SoRv_GA-XBxuPI26p1jWByvXTIGgmPOP8_s-IoAqFAg0Qg9NWY-rbzdLNp48M8dAe4PBT1G7PoQn5sImpu5AWEDkeSgz-mnpBTfL90W7mModFBswCA-HWKixKroVHs035Tk5-PhHDJPBen234r_32XbfB5Pps74nnz37quFLg9F4ClW1Oj7Skr-L6stZ7kJdZXKX3Ho8utcZPw-Cgg-yOxButImrVZbw7zJrmal5fGtBdqxsSe1wxiuh5TSR9lhHTfxGtpDXdGZqgetrcjj-G08MzwkOooHh5sLltLQbOM-Saz94uL9wJuoSZQyQ95urcFqvxwP7iPtm7wDkPsKDV7wendwQ7tj6yo7uAiCJH8VpHY4y-lZl86Diw5mSZZkHEEgldqEFSm8k0txD0Qy7SUXIYuOwRgatSW-27JxMOEO10yLdhQDDv2xcIpI50fCVHo2iw-wXpwJDilTCdxDFgFR8xn8baLZinivdsMhc20AEVgNs2jOUFsO1uBJm21pvFfWa0AahSLEmtXBwoobLd8vZix_ONFU-FLcJX9ty8M3kkHcScW6nBtJgzT6sq2SRY1XSnbpPMl0m-_jXC1rCJWrLKboxOcHk0QgLV58SWa0UXQAcgPK5cNq1d8f0QR4q7IXWOdGzJNOE2AXnTgSEdXc-5VGoYI_EG2kUWJtqvxVlQqhHTdZ1n4IYCZ6Y5nEexoWumuSSXUfN2D2i8_X6bbq2AhcgUwbb9rR_DMBqbuHUcY7AYn_3JUkjUMLtyztGtQqYx5SUffv_Cn1yzgRs-vrDjMT-1kYEvKe09aykNXKXvdNhlZuJ4capuz--EajCc=&c=br2eMp9QdJrFFdXSPviPBAwaOyFMQfsvh8jBG3M8iZoxRYk7pO9T2w==&ch=kzWoKbrTxikwE2SkHREOe5IGh6FpIkYvx-3P-5YCkdDv2hkIYvtX_w==" shash="lnnCRqEl9Keco97t2Jreng9lRqd7N7ytM/FyLjCQ8EFQNkIr2XLQfANCIThDdzF48S8S8NN2DOZ7aY3ZH2LiqH7xlGqAxdvtvj8BudJouL4euFekVZ7MQCu5KvbT1FALJUwNLIULQnpCH3z/Qjv2A73MGTXXfRaaq7J5HSc1D1k=" target="_blank"><span style="color: #1f497d;">Click Here</span></a> <o:p></o:p></span></div>
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<br />Fritz Friganhttp://www.blogger.com/profile/01338330654547035031noreply@blogger.com0tag:blogger.com,1999:blog-9178590370333606794.post-88881871412762778292020-01-02T08:33:00.002-08:002020-01-02T08:33:40.969-08:00Halstead Open House Index - report from the weekend of December 29, 2019<br />
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Good morning
Halstead Open House Index aficionados!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Happy New
Year! May the traffic at your open houses in 2020 always be above the
average!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">What did you
do to send 2019 packing and to welcome 2020? To start off the New
Year I went to see “To Kill A Mocking Bird” on Broadway</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> last night</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">. The show was superb. So relevant
today, as racism and anti-Semitism is raising its ugly head. I
couldn’t understand all </span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">of the dialogue </span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">because of the southern accent</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">s,</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">b</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">ut if you have a chance to see it I strongly recommend
it! <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001pNHJIbbU1bALYQxsX0y7fSCNBKTQ-X8_bnalW9AYvrbA0t1YuTeaRmYOxOX00ILjvGzxQPzPsZKhQ5mF4u9dPtKYpSaDlJwxojln_olKEAc1ijNmtQ92Z6Mld8dwPdNnYwy-qRsA2ayJyYHCcIeciO3CUsIQTZ2OaTF9wBzE-Z9FBaKi2sEqqWdG1ioH3xtghO0LxSXEa8TcUcY0m2_6_GuYxjSw15s7_jRYDtduwWY%3D%26c%3DJYZ2pEcuLdJzw-gper4Tx5SP14jQNPh8ai9oS8e_J_5XLYo7jam2Sg%3D%3D%26ch%3DILQxjke83ZsimQ1DFJnp7843YNpLD7rsPkIZ2vIKHLLzN427V0YSGA%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Cc4089cf470054a08683808d78fa10544%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637135794051764601&sdata=pgT68pCHZcXbZar4Ur84ArE%2BIE8ilBjlct01SUJmwdA%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001pNHJIbbU1bALYQxsX0y7fSCNBKTQ-X8_bnalW9AYvrbA0t1YuTeaRmYOxOX00ILjvGzxQPzPsZKhQ5mF4u9dPtKYpSaDlJwxojln_olKEAc1ijNmtQ92Z6Mld8dwPdNnYwy-qRsA2ayJyYHCcIeciO3CUsIQTZ2OaTF9wBzE-Z9FBaKi2sEqqWdG1ioH3xtghO0LxSXEa8TcUcY0m2_6_GuYxjSw15s7_jRYDtduwWY=&c=JYZ2pEcuLdJzw-gper4Tx5SP14jQNPh8ai9oS8e_J_5XLYo7jam2Sg==&ch=ILQxjke83ZsimQ1DFJnp7843YNpLD7rsPkIZ2vIKHLLzN427V0YSGA==" shash="Vo2lGvu+e+ioVyBmD5hS0/M+4rkMXQa/InegSPs1OZavQiY9rIpWBBdBLeAXlmZWLbxltFESJUCEbosYUePRsth5LN6YarO2tBjwZlhkQwlU00DRYhdO40c4Hj7xNxchswdwVz8iPThxfolLXDY1Gn5OvVGentUd3cthhZCbPcE=" target="_blank"><span style="color: #1e88b4;">Here </span></a>is my report from the last
weekend in 2019. I did not go into details of re-capping the data. We
received just 44 replies (<a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001pNHJIbbU1bALYQxsX0y7fSCNBKTQ-X8_bnalW9AYvrbA0t1YuTeaRmYOxOX00ILj8HK8e9Bn2kaDsa0WYVns3rXF6hiNMRjbq96VZr0cMj0wwch0_oFwdlTf-ViAst2ZVZGcj7t4AQc2Mnndv_YqVSMd8kM2D7TqyD0in9zzSXqCn1yoWPRXiLgovgc5e3lMNdhhtnOhRBu-X4ziPPd48ozMW3hREjcg7C_pca51DIQ%3D%26c%3DJYZ2pEcuLdJzw-gper4Tx5SP14jQNPh8ai9oS8e_J_5XLYo7jam2Sg%3D%3D%26ch%3DILQxjke83ZsimQ1DFJnp7843YNpLD7rsPkIZ2vIKHLLzN427V0YSGA%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Cc4089cf470054a08683808d78fa10544%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637135794051764601&sdata=pOKHF6iRPcIP5X6qaemUjpe8EKDa1G1BHcyPImDaO0k%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001pNHJIbbU1bALYQxsX0y7fSCNBKTQ-X8_bnalW9AYvrbA0t1YuTeaRmYOxOX00ILj8HK8e9Bn2kaDsa0WYVns3rXF6hiNMRjbq96VZr0cMj0wwch0_oFwdlTf-ViAst2ZVZGcj7t4AQc2Mnndv_YqVSMd8kM2D7TqyD0in9zzSXqCn1yoWPRXiLgovgc5e3lMNdhhtnOhRBu-X4ziPPd48ozMW3hREjcg7C_pca51DIQ=&c=JYZ2pEcuLdJzw-gper4Tx5SP14jQNPh8ai9oS8e_J_5XLYo7jam2Sg==&ch=ILQxjke83ZsimQ1DFJnp7843YNpLD7rsPkIZ2vIKHLLzN427V0YSGA==" shash="e+YibJdhI5dXcf33i0yhofjz3zkSGUU4Pm19v7Xu57JAt2CKSX7V0fSp5lpSdbO+zAfpfxBG79RkJyxFFa+ndtiAfclJRsVt56x+qS14vG8uGaXgZpfwrITFWwln9n0OSt3IdHBSN6T1p2n1DCXGkUMPkCGY5sVDDJn4sSdJWF4=" target="_blank"><span style="color: #1e88b4;">Here </span></a>is the dataset. It was a very
slow weekend in term of total open houses held: just 1944 in all of
NYC). The average was 3.23 (last year on December 30, 2018 it was
3.27), and you can see</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> the</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> details for each area and category below. Please do
not look into the number</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">s</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> too deeply – super small sample sizes are totally
deceiving. See the numbers below. (if you see empty space, it means I
did not receive a single entry from that specific category or area). <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The most
visited open house was the one reported by <b>Jay Safire of Mossada
Home Sales</b> in Brooklyn. At <b>203 Chrystal Street in Brooklyn</b>
he greeted 12 people on Sunday. Here, in his own words: "<i>Good
morning and happy new year, I like to follow your reports! Please be
aware that most of the attendees came through street signs, so
i'm not sure if you can count them all. I know that 2 or 3 were
probably just </i></span><i><span style="color: #333333; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">curious</span></i><i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> neighbors but at least 3 others told me that
they are actively searching. I think at this price level a street
sign can still be effective. The building itself is a fully renovated
brick 2 family with private parking, completely redone, with 2
central-air systems. We got offers around the mid 8 which the
owner/developer rejected for now. The house is easy to show, and we
are happy to co-broke!</span></i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">"<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">I received</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> an</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> interesting comment from <b>Pascal Blacque-Belair
from Douglas Elliman</b> last week. He wrote in response to my data
and analysis from this </span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">p</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">ast Friday: <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">“<i>Fritz,</i>
<o:p></o:p></span></div>
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<i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">A few
points:</span></i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">1)</span></i><span style="color: #36495f; font-family: "Georgia",serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> </span><i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The difference between Sat and Sun
OH attendance is mostly due to fact that most (95%?) OHs are held on
Sundays. It’s not a preference one way or another, it’s just the way
it’s been – Saturdays are salespeople’s day off, sort of. If we
started having more Saturday OHs, the number would be different.</span></i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> <o:p></o:p></span></div>
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<i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">2)</span></i><span style="color: #36495f; font-family: "Georgia",serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> </span><i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Open house numbers in $4MM and up
segment are not very useful … to the extent most of these buyers
prefer private appointments over OHs with other buyers … for
different reasons.</span></i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> <o:p></o:p></span></div>
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<i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">3)</span></i><span style="color: #36495f; font-family: "Georgia",serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> </span><i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The key insight is the attendance
increase in first OH … yes I agree that it shows that buyers don’t
want to miss out if they like the place … and are fully aware that
there are many buyers like them, waiting to pull the trigger. Bidding
wars are just beneath the surface … you can feel the buzzzz. </span></i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">2020 is the
turnaround year … that’s already the case in the $4MM+ segment. It
led on the way down (since 2015) and it is leading on the way back up
(since last November)”</span></i><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">I love his
optimism! Do you agree with him? What’s your forecast for 2020? Will
the market recover and the buyers come back? I firmly believe</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: black; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">that</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> with tracking open house attendance we will be able
to spot the next growth point, not maybe the exact moment, but
certainly a 4-5 weeks trend, if it occurs. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">What to
expect in January? Those of you who read my reports from 2017 will
know that we receive</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> a</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> strong bump in attendance in January. </span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">On January 6, 2019</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> the average was 4.21. For all
weekends in January in 2019 only once</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> did</span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> the average drop below 4.00. The same was in
February. Last year we received 238 replies on January 6, 2019. Let’s
beat these numbers. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">My goal is
to receive 10% of all open houses in NYC. The stats and averages will
be much more meaningful and reliable if we get more data. Together we
can do it, please encourage your colleagues in the industry to
participate.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Best of luck
with attendance on this January 4-5 weekend!<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Fritz Frigan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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text-underline: none;"><img alt="Pinterest" border="0" id="_x0000_i1037" src="https://imgssl.constantcontact.com/galileo/images/templates/Galileo-SocialMedia/pinterest-visit-gray.png" style="display: inline-block; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 0in; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="32" /> </span></a><o:p></o:p></span></div>
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<br />Fritz Friganhttp://www.blogger.com/profile/01338330654547035031noreply@blogger.com0tag:blogger.com,1999:blog-9178590370333606794.post-83493807440467003872019-12-27T06:35:00.001-08:002019-12-27T06:35:07.575-08:00Halstead Open House Index - Report from weekend of December 22, 2019<br />
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Good morning
Halstead Open House Index subscribers and followers!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Ffiles.constantcontact.com%2F635105d8401%2Fe247ee6d-fccf-4cb4-92d8-7fb9409056e3.xlsx&data=02%7C01%7Celouis%40halstead.com%7C52c14c66051c40a7c16c08d78ad984da%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C1%7C637130539165057330&sdata=G9TIfFopIXEbL%2FzCc6IdLkMP6rBRbZ1qNkf0iRkXu6E%3D&reserved=0" originalsrc="https://files.constantcontact.com/635105d8401/e247ee6d-fccf-4cb4-92d8-7fb9409056e3.xlsx" shash="BvXXCo43KQKgWgBW20dssL4VRqu1A1H0AW+JlPXQgpG/5ov28xPw3FB+V/62hp+lt5uKG4NIfFJgpyue1Nhc+y/lQCP8tfZ/GpvSjqyzzql1ttFN2kFKn8hUUil83XDNLK3SmoU/in80d/rDLfeSqPzVfmRVmKbw03xETevdqBE=" target="_blank"><span style="color: #1e88b4;">Here</span></a> is my last report this year…..
wait, this decade!!! Next time you get my recap of open houses will
be deep into the 2020s – next Thursday on January 2! Could you
believe that this project is now two years and three months old? And
it lives primarily thanks to you, by patiently sending me your data
each week. Let’s see what happened on the weekend before Christmas. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">We received
85 replies (it seems low, but much stronger than last year, when we
received just 55 replies). The average dipped to 2.09 attendees per
open house – from 2.46 reported the weekend earlier. Last year, on
December 23, 2018 weekend the attendance was just 1.84. Market
getting stronger? Maybe. Wait to see the comments from the winner
below.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">27 open
houses reported zero attendance. This is whooping 31% of all open
houses reported!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The record
attendance was reported by <b>Cody Parker Hellberg of Wald Real
Estate</b>. She reported 10 attendees at her open house at <b>321 E
48</b></span><b><sup><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 9.0pt; mso-fareast-font-family: "Times New Roman"; mso-text-raise: 2.5pt; position: relative; top: -2.5pt;">th</span></sup></b><b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-spacerun: yes;"> </span>Street, a 1BR for $770K</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">. Here in her own words: “<i>Hi
Fritz, This apartment has actually been listed since 6/11/19,
originally for $925,000, then $875,000, $850,000, $815,000, and
finally we did our first open house at $775,000. It is a 770 sq ft,
one bedroom, condo, penthouse, with a terrace, so even though it
needs a full renovation the price is finally very attractive.
Managing the crowd was easy as few groups overlapped (at most 2 at a
time). We do have a couple of offers, though negotiations have been
slow due to the holidays. Aside from the open house with great
attendance I have had appointments to show almost every day. The
market seems to have picked up in general the last 2 weeks</i>.”
<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">See the
importance of correct pricing? At almost 17% below the original
asking price, Cody finally found the market for this seller. I heard
from another agent who reported 6 visitors last weekend. She said
that all of them seem to be real buyers. Is this another sign of a
pent-up buyers demand that will unleash after January 1, 2020? I
certainly hope so!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">There were
1940 buyers hopping from one open house to another last weekend.
Margin of error? Huge!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Ffiles.constantcontact.com%2F635105d8401%2Fda5714a7-b1b5-4de4-83a4-0c8d224dde75.xlsx&data=02%7C01%7Celouis%40halstead.com%7C52c14c66051c40a7c16c08d78ad984da%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C1%7C637130539165057330&sdata=lMVwztUZmvU%2FvHJuhk3lcjJxry1bO68dtdhR90Hgzjk%3D&reserved=0" originalsrc="https://files.constantcontact.com/635105d8401/da5714a7-b1b5-4de4-83a4-0c8d224dde75.xlsx" shash="lrTxqKsTEt7N1OiFCr9dY70KoOnM7+n31PwHVtDHyB5KQ7p3TvjuYRVc5md+lTV5Mg7DLZSZ3FTfHfkf9VdTQKEvpS2yNKf193Rmoi/X5tKMc4odcSExOxKETvbE+AENJ03UrW7dp2o7kKGMcNlehk0qb9n8bP+OxSuuacmzNsY=" target="_blank"><span style="color: #1e88b4;">Here</span></a> is the dataset. Let’s check
individual boroughs: <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Manhattan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average dropped to 1.96, from
2.27 the weekend prior. It was 1.64 a year ago on the same weekend,
hence a bit stronger. We received just 63 replies from Manhattan. The
samples are too small for each neighborhood, but interesting that
Midtown East with 2.00 was this time stronger than Upper East Side
(1.79). Upper West Side (2.62) was above the average. See the rest of
the numbers below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Brooklyn</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average dropped to 2.40, from
3.92 the weekend earlier. It was 2.75 a year ago. But hard to read into
these numbers. Last year we received just 8 replies from Brooklyn,
this year only 10. See the rest below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Bronx </span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">– the average was 1.40 from five
open houses reported from the Bronx, all from Riverdale. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Queens</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the average was 3.00, also from
just five open houses reported from Queens. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Staten
Island</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – silence. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Size</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – Largest samples reported from
1BRs open houses (2.27) and 2BRs (1.88). See the rest below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Price</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> - $500K-$1M was best visited last
weekend, 2.70. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Condition</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – the wrecks (4.00) won again,
thanks to the record open house with 10 visitors. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">First Open
House</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – just 75%
more traffic for the first open house this time. Honestly, unless the
seller insisted, I would recommend holding off your first open houses
for the first weekends in January. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">By
Appointment Only</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> – 188% more traffic at “normal” open houses, vs.
those labeled “by appointment only”. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">For all of
you with patience to read all the way to the end of my weekly report,
I am sharing here some statistics:<o:p></o:p></span></div>
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<div class="MsoNormal" style="margin-left: 30.0pt; mso-list: l3 level1 lfo1; tab-stops: list .5in; text-indent: -12.0pt;">
<!--[if !supportLists]--><span style="color: #36495f; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 10.5pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">There are 24,123 open houses in my database, we
started recording this since October 8, 2017.<o:p></o:p></span></div>
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<div class="MsoNormal" style="margin-left: 30.0pt; mso-list: l2 level1 lfo2; tab-stops: list .5in; text-indent: -12.0pt;">
<!--[if !supportLists]--><span style="color: #36495f; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 10.5pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Since October 8, 2017, the average attendance on
Sundays was 3.22. On Saturdays it was 2.99<o:p></o:p></span></div>
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<div class="MsoNormal" style="margin-left: 30.0pt; mso-list: l0 level1 lfo3; tab-stops: list .5in; text-indent: -12.0pt;">
<!--[if !supportLists]--><span style="color: #36495f; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 10.5pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #36495f; font-family: "Georgia",serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">In 2019 alone, the average attendance on Sunday open
houses was 3.16. On Saturdays it was <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">2.68.<o:p></o:p></span></div>
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<div class="MsoNormal" style="margin-left: 30.0pt; mso-list: l1 level1 lfo4; tab-stops: list .5in; text-indent: -12.0pt;">
<!--[if !supportLists]--><span style="color: #36495f; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 10.5pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">For properties above $5M, average attendance in the
last two years and three months was 1.76. In 2019 it was 1.60.<o:p></o:p></span></div>
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<div class="MsoNormal" style="margin-left: 30.0pt; mso-list: l5 level1 lfo5; tab-stops: list .5in; text-indent: -12.0pt;">
<!--[if !supportLists]--><span style="color: #36495f; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 10.5pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">For properties above $7M, the average attendance in
the last two years and three months was <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">1.65. In
2019 it dropped to 1.17.<o:p></o:p></span></div>
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<div class="MsoNormal" style="margin-left: 30.0pt; mso-list: l8 level1 lfo6; tab-stops: list .5in; text-indent: -12.0pt;">
<!--[if !supportLists]--><span style="color: #36495f; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 10.5pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">In Manhattan, the average attendance since October 8,
2017, was 2.92. In 2019 alone it was <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">2.88.<o:p></o:p></span></div>
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<div class="MsoNormal" style="margin-left: 30.0pt; mso-list: l7 level1 lfo7; tab-stops: list .5in; text-indent: -12.0pt;">
<!--[if !supportLists]--><span style="color: #36495f; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 10.5pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">In Brooklyn, the average attendance since October 8,
2017, was 4.25. In 2019 alone it was 4.08.<o:p></o:p></span></div>
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<div class="MsoNormal" style="margin-left: 30.0pt; mso-list: l6 level1 lfo8; tab-stops: list .5in; text-indent: -12.0pt;">
<!--[if !supportLists]--><span style="color: #36495f; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 10.5pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">In Queens, the average attendance since October 8,
2017, was 4.39. In 2019 alone it was 4.04.<o:p></o:p></span></div>
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<div class="MsoNormal" style="margin-left: 30.0pt; mso-list: l4 level1 lfo9; tab-stops: list .5in; text-indent: -12.0pt;">
<!--[if !supportLists]--><span style="color: #36495f; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 10.5pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">The average attendance for first open houses since
October 8, 2017 was 6.12. In 2019 alone it <o:p></o:p></span></div>
<div class="MsoNormal">
<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">has climbed
to 6.64. I find this very interesting. It seems that the number of
buyers who “saw it <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">all” have
grown, and they are eagerly waiting for new properties to hit the
market. For me, this <o:p></o:p></span></div>
<div class="MsoNormal">
<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">is another
signal of the pent-up demand, that will improve the market in 2020
(pending no <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">some
unforeseen madness on the political scene in the US). <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Overall, the
above numbers clearly show that the open house attendance dropped in
2019, compared to previous year. Was this a clear signal that the
buyer’s demand dropped in 2019, as compared to 2018? Is open house
attendance clear indicator of the buyers’ demand? think so, but
would love to hear your thoughts.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">I have one
more idea for you. I’d love to statistically find out an answer to
the following question: How many showings does it take to receive an
offer? Here is how to do it: as you place your new exclusive on the
market in 2020, keep meticulous track of your showings. Track each
open house attendance and each request to show by appointment. The
day you receive your first offer, count the showings and report to
me. I promise to keep all confidential. It would be wonderful
experiment to figure this out. Why? Because you will have
“scientific” proof to tell the seller when to drop the price! Who is
in? <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">I am wishing
you all the best in 2020 and thank you for participating! Remember my
2020 resolution: to receive surveys from 10% of all open houses in
NYC. Will you help?<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Best of luck
at your last open house this decade!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">P.S. – I am
rarely using this venue for boosting the Halstead horn, but this week
is an exception. Did you notice recent Halstead announcement about
setting up corporate WeChat account? <a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Ffiles.constantcontact.com%2F635105d8401%2Fde31b180-6206-474e-a2e2-bbf1b79fa13d.pdf&data=02%7C01%7Celouis%40halstead.com%7C52c14c66051c40a7c16c08d78ad984da%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C1%7C637130539165067324&sdata=zyFft7esVBbszaFDmlzx5ETQXRTye2lXYFBuBVWV84g%3D&reserved=0" originalsrc="https://files.constantcontact.com/635105d8401/de31b180-6206-474e-a2e2-bbf1b79fa13d.pdf" shash="KFFCvhjfJnJFGjnIHLpWQf+fh8kz2Kwn1mfLqdIQGtciq44jlTUHdOS+ppyaYg8j63/6trww7Ew1wT7t63ZACzcmAb8i3MUqDvFOHXwAf3l8qn08WthKhkmbhBpiuLS3c1+BtFo56c5/9C9kr5m2cfY94cmmLmhC5vHKfmkn2Tc=" target="_blank"><span style="color: #1e88b4;">Check this link</span></a>. I think this is
phenomenal venue to reach and attract Chinese speaking buyers and
investors. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Fritz<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">PS: Do not
forget to check my reports on my blog at <a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fhalsteadopenhouseindex.blogspot.com%2F&data=02%7C01%7Celouis%40halstead.com%7C52c14c66051c40a7c16c08d78ad984da%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C1%7C637130539165067324&sdata=2c2YppvWtAwhUPDMI9O%2FMSCKdX3X5DTPN0vaWhN6%2BxQ%3D&reserved=0" originalsrc="https://halsteadopenhouseindex.blogspot.com/" shash="NumgYrf7SKqZWye5S7p3KS4uFIE5RZj2B68KiyXdF7gsffe9QgJ8u+dkT3oHJDslLuPhEtaCRgkPn5O19drH2RELMjxyj1qQrlOxtOIYAX8S23futTGdrWiz9/rzgecL/rXc/jRZ7DCKGC+L6uyQq0f8bhJrqXYP/Fr6Xrew9Ko=" target="_blank"><span style="color: #1e88b4;">https://halsteadopenhouseindex.blogspot.com/</span></a>.
You can easily view the reports from previous weeks and leave
comments. Also, check the link to dataset (the link is above) – many
agents leave useful comments in the Comment Column, like full
address, price drop or outdoor space. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Fritz Frigan</span></b><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">To Sign Up
to Receive Halstead’s Open House Index Report</span><span style="color: #1f497d; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #36495f; font-family: "Calibri",sans-serif; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><a data-segment-action="add" data-segment-id="dc5f1b50-6428-11e8-aee1-d4ae527536ce" href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D00185ZcLFn_IQpVEdTcRyXYj7k_Ti1XFruKTpmr-U4LlzYUnfDSOwmu2LieQhDaef-l6SXpdc7i8r6AJk2U9GpuwdLC8IlhoUjQnXE4VPz8IQwHa0mcXM8qI6zt3PLeNIorUp4wutCU9lDl9xItTpbFP9MPrLa9p8jkwCsb191j7tY6NTlXtF72aBubIHTocGHdM5A55ImlwpeT4Kws292XieLUg4wV184EEkWInKH4N_I9QlNKHBpCzs2TjeNvqd-Aw2V9Z-CrAENcPBSWqeRmc4p0dddduLdFrJbUtEC6ThybazaBH_9Hg1_2SZS28dQ5YDUNGzDgC2pZYbg1gKxGel3hxW88toe2w7mQDVZzIS1GLKRksfzFn1EG8ervi99H11HilUc6qO2SbN71TA3Yyg%3D%3D%26c%3DjFSTXWV1LWIvR8TR4o63-VS1DuEPf9BzlMHCvlcLivzmG0_1apo6CA%3D%3D%26ch%3Dj-5RRrjXQO6XsdiqyztLf9xMujkvYRokJrtGP-6-h_Y1jzn7969LoA%3D%3D&data=02%7C01%7Celouis%40halstead.com%7C52c14c66051c40a7c16c08d78ad984da%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C1%7C637130539165077319&sdata=Wg0VjE7tG%2Fntk2lXzkUhEOyfXyuX3gaa98j5hnngOT0%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=00185ZcLFn_IQpVEdTcRyXYj7k_Ti1XFruKTpmr-U4LlzYUnfDSOwmu2LieQhDaef-l6SXpdc7i8r6AJk2U9GpuwdLC8IlhoUjQnXE4VPz8IQwHa0mcXM8qI6zt3PLeNIorUp4wutCU9lDl9xItTpbFP9MPrLa9p8jkwCsb191j7tY6NTlXtF72aBubIHTocGHdM5A55ImlwpeT4Kws292XieLUg4wV184EEkWInKH4N_I9QlNKHBpCzs2TjeNvqd-Aw2V9Z-CrAENcPBSWqeRmc4p0dddduLdFrJbUtEC6ThybazaBH_9Hg1_2SZS28dQ5YDUNGzDgC2pZYbg1gKxGel3hxW88toe2w7mQDVZzIS1GLKRksfzFn1EG8ervi99H11HilUc6qO2SbN71TA3Yyg==&c=jFSTXWV1LWIvR8TR4o63-VS1DuEPf9BzlMHCvlcLivzmG0_1apo6CA==&ch=j-5RRrjXQO6XsdiqyztLf9xMujkvYRokJrtGP-6-h_Y1jzn7969LoA==" shash="s3huKSUY8irpCrto2ghUwFfv8JSYRYwVUyzYbjUZ1vc2OlqK4IeUadKqmiL2Mw7GZJrwo+fqNzlWaiaY9zOmJ7MkIHFV5Be71sKkuA3CsaT2I11o4OPh8+pNuH+XMU027KIlLxC/4a5uKoTNZy/jknfvMtqpgvCdf8w0WoLDpZM=" target="_blank"><span style="color: #1f497d;">Click Here</span></a> <o:p></o:p></span></div>
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<br />Fritz Friganhttp://www.blogger.com/profile/01338330654547035031noreply@blogger.com0tag:blogger.com,1999:blog-9178590370333606794.post-48779955605618887102019-12-19T08:52:00.000-08:002020-02-11T15:48:15.524-08:00Halstead Open House Index - Report from the Weekend of December 15, 2019<br />
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Good morning
Halstead Open House Index followers and contributors!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Ffiles.constantcontact.com%2F635105d8401%2Fdec0838e-f0c2-42b4-8284-472318a6a039.xlsx&data=02%7C01%7Celouis%40halstead.com%7C212214e8d0014ab3494f08d784a30d25%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C1%7C637123708148299304&sdata=v79bEbwvfE6FF81PKyd2zhTofSQWSLz9KP8H3Mi7csc%3D&reserved=0" originalsrc="https://files.constantcontact.com/635105d8401/dec0838e-f0c2-42b4-8284-472318a6a039.xlsx" shash="mlKGI0iaqtCd7krU/vRSZ23J3hvha7daKwOTqc/AoxlpTOiSoY0FFQc0F+QVmIm9ycXiQYZ8jJBM421Cck94DgaVeXiOPfzmA2JKiOfGaMbdnnOyM26wnaKGNPlkpZaMqOmWIXfEUCpGhXDEioJtkac49pTge+fSChLHT9PXIDE=" target="_blank"><span style="color: #1e88b4;">Here </span></a>is the analysis of the weekend
of December 14-15: <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">We received
only 237 surveys (still, much better than the 200 we received last
year on December 16, 2018 weekend), and the average for all of NYC
dipped to 2.46 attendees per open houses. It was 2.65 the weekend
prior and 2.39 a year ago. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">56 open
houses reported zero attendance, so at 23.6% of all open houses
agents were having uninterrupted chit-chat with building personnel
and residents. Slow open houses are a good opportunity to meet other
owners and secure another exclusive!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">The most
visited open house mention goes this week to <b>Elba Diaz, from
Buchbinder Warren</b>. She reported 15 visitors at her open house for
<b>105 East 19</b></span><b><sup><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 9.0pt; position: relative; top: -2.5pt;">th</span></sup></b><b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><span style="mso-spacerun: yes;"> </span>Street, a 2BR for $1,100,00 in the
Gramercy Park area of Manhattan</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">. Here, in her own words: “<i>Hi Fritz, I’m shocked. I
guess given the time of year 15 in attendance is not bad! Yes 15 is
confirmed. I think location, location and price per sq foot. The unit
needs renovation. But it’s a unique, large apartment. This was the
2nd open house after a price drop from $1200K to
$1100K. Honestly, it was not difficult to handle (the crowd).
The duplex has an intercom on both floors so I was able to ring
people in and run upstairs to greet them and allow them to roam as I
spoke to others. I did receive an offer, however it’s with a
contingency and we are still trying to work out all the
details. This is not my first offer however, I had two others
previously but we were not able to agree on terms. I believe
hosting open houses consistently is still the best way to show a
property. Some in attendance may have been curious spectators BUT I
received an offer from a real buyer so you never know.” </i> <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">There were
5589 open houses held last weekend in NYC and, according to my
estimate, there were approximately 3638 prospective buyers hopping
from one to another. <a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Ffiles.constantcontact.com%2F635105d8401%2F377229db-6ab4-47b8-99d3-93d8aa87d810.xlsx&data=02%7C01%7Celouis%40halstead.com%7C212214e8d0014ab3494f08d784a30d25%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C1%7C637123708148299304&sdata=Qkt4RJd6RZfJWGcn2WxMl%2FOcDznHJlMkKl75eeuEktU%3D&reserved=0" originalsrc="https://files.constantcontact.com/635105d8401/377229db-6ab4-47b8-99d3-93d8aa87d810.xlsx" shash="kZhvd1T6xs2vXZT9S+YJ3sjLXZ0GLjteBjjthhwM+fqMUwHhSYVNtU/pVcoPQTn0dDOe1j5rx/d2zXXr+yrcsd/aRlQcEXLtB/9Rh6AoJy1k1uNfOALlS7EkaVcneyagpItB1jcdcvw0UcP2f6xKGGGrFWZExE0e1bBtMWehrGE=" target="_blank"><span style="color: #1e88b4;">Here </span></a>is the dataset. Let’s check the
details for each borough: <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Manhattan</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average attendance dropped to
2.27, from 2.34 the weekend prior. Manhattan recorded 2.42 last year
on the weekend of December 16, 2018. Busy in the Gramercy Park Area
(4.57) and East Village (3.50). Upper East Side (2.78) and Upper West
Side (2.61) were above the average. Slow pretty much everywhere else:
Harlem (0.88), Midtown East (1.33), Other Downtown Areas (1.22). We
received 179 replies from Manhattan. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Brooklyn</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average dropped to 3.92, from
4.51 the weekend before. This was still so much better than a year
ago, when on December 16, 2018 Brooklyn reported 2.13. Fort
Greene/Clinton Hill (6.40), Park Slope (6.20) and Brooklyn Heights (6.00)
were above the average. Slow everywhere else, see the details below.
We received 37 responses from Brooklyn. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Bronx</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average dropped to 0.92, from
2.05 the weekend prior. We received just 13 replies from the Bronx
open houses. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Queens</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average dipped to 2.38, from
3.92 the weekend earlier. Just eight replies submitted from the
Queens open houses. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Staten
Island</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – winter
hibernation in progress. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Size</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – 2BRs recorded best attendance
among apartments (2.62). 4BRs and 5BRs were the loneliest. See
details below. Three multi-unit buildings reported the average of
5.67. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Price</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – almost identical attendance in
$1M-$2M and in $500K-$1M ranges (2.68 and 2.67). The slowest was in
$3M+ range (1.07). <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">First Open
House</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – just 88%
premium in traffic last weekend for 1</span><sup><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 9.0pt; position: relative; top: -2.5pt;">st</span></sup><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><span style="mso-spacerun: yes;"> </span>open house.
Interestingly, top three open house by attendance were NOT first open
house! <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">By
Appointment Only</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – 209% more traffic at normal open houses vs. those
labeled “by appointment only”. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">This is all
for today folks. I received interesting comment from <b>Gerard
Splendore from Warburg</b>. “<i>Fritz, this is often easier than
done, but if the building permits and the other agent will
cooperate, coordinating open houses in the same building at the
same time or overlapping times can easily double or quadruple
attendance. When both apartments are on the same floor, it is
virtually inevitable that buyers will view both apartments,
especially if they are close in price and size. I have had multiple
open houses and price drops for a convertible 2BR for Apt 6E at
155 Henry Street, now asking $729K and the managing agent has
been trying to sell a one bedroom sponsor unit for almost 4 months,
asking $679K. Now listed with Compass, I called the agent
and asked if we coordinate times. She agreed and we both had a
large attendance. My approach to “the competition” after more
than 20 years in real estate is “we are all in this together, isn’t
it better to cooperate?” Sometimes it works.” </i>Let me know if
you agree to this approach or if you are doing it already (with or
without the knowledge of your colleague competitor, wink, wink). <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">For those of
you patient enough to read to the end of my report, I included some
stats for all of you marketing 1BR and 2BR units in co-ops may find
interesting. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Best of luck
at your open houses this coming weekend. Last year, on December 23</span><sup><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 9.0pt; position: relative; top: -2.5pt;">rd</span></sup><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">, 2018, the average attendance was 1.84. Will it be
better this year? Send me your replies and we will find out! <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Fritz<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">PS: Do not
forget to check my reports on my blog at <a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fhalsteadopenhouseindex.blogspot.com%2F&data=02%7C01%7Celouis%40halstead.com%7C212214e8d0014ab3494f08d784a30d25%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C1%7C637123708148309295&sdata=RZoI39BytTuCcdZV4PYRbzrSIUecYx1xf0F9OBVdMc8%3D&reserved=0" originalsrc="https://halsteadopenhouseindex.blogspot.com/" shash="tH3oS9LKEE0E3TVTwHwhrybSLlb/BLednyYUKdVFeBdRazy5Ho0Dr/KTiHmgnjV8v3lMq3CnHxJXsZFU4u+G3oQ5Qh5CTDo97uZ4NW4XlW/9i2N+EdxHJWxysGbC5VuxVJWDi0AovaxtWlp5deG7oMhz5IY/oDHvlB+YptwMcGg=" target="_blank"><span style="color: #1e88b4;">https://halsteadopenhouseindex.blogspot.com/</span></a>.
You can easily view the reports from previous weeks and leave
comments. Also, check the link to dataset (the link is above) – many
agents leave useful comments in the Comment Column, like full
address, price drop or outdoor space. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Fritz Frigan</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">To Sign Up
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padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="32" /> </span></a><a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.youtube.com%2Fhalsteadpropertv&data=02%7C01%7Celouis%40halstead.com%7C212214e8d0014ab3494f08d784a30d25%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637123708148359268&sdata=B4rt389BAeO6CkCiyAJQZOMo%2FcoZkRSHyMyF5pO4EWI%3D&reserved=0" originalsrc="https://www.youtube.com/halsteadpropertv" shash="i4O9s0oMUWfbsajoT7b+h6tjuOoU4B6JoPQjN4rujhScrI962943buPeQj6ORwhyK6stnu5LqvxLZNx0Yz4htcDZtl1UWx1TfO9Wbe+p9e6tytZd3hr8CpIlTUtH+/XKeYe7356yoo83nwP3QpDI/eBEDvu517hRH5CVS3dyeZk=" style="display: inline-block;"><span style="text-decoration: none; text-underline: none;"><img alt="YouTube" border="0" id="_x0000_i1037" src="https://imgssl.constantcontact.com/galileo/images/templates/Galileo-SocialMedia/youtube-visit-gray.png" style="display: inline-block; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 0in; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="32" /> </span></a><a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fpinterest.com%2Fhalsteadphotos%2F&data=02%7C01%7Celouis%40halstead.com%7C212214e8d0014ab3494f08d784a30d25%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637123708148359268&sdata=MsJXVGU%2Bvl0%2FOvPBbN54WAfI9wdBF28SOd5%2BMXc%2F0ok%3D&reserved=0" originalsrc="https://pinterest.com/halsteadphotos/" shash="DuZJuS+iXDDkscYFTOTx5cOYjmzrvmQADqjnYrtAgVH7wyU5uUu4VmMitxwt+RiI0b5RwhZ4NKJER8ybCCIiNz7ycg78cMCZ75sNhF5eGusLo+ZoG3zN7qHbxtleaEIYIWgoWKSNqpDvtmHOBGOOgEnbvPf4f1ksIzo9c+aBkQs=" style="display: inline-block;"><span style="text-decoration: none; text-underline: none;"><img alt="Pinterest" border="0" id="_x0000_i1038" src="https://imgssl.constantcontact.com/galileo/images/templates/Galileo-SocialMedia/pinterest-visit-gray.png" style="display: inline-block; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 0in; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="32" /> </span></a><o:p></o:p></span></div>
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<br />Fritz Friganhttp://www.blogger.com/profile/01338330654547035031noreply@blogger.com0tag:blogger.com,1999:blog-9178590370333606794.post-68960367401216123112019-12-12T08:33:00.002-08:002020-02-11T15:48:24.429-08:00Halstead Open House Index – Report from the Weekend of December 8, 2019<br />
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Good Morning
Halstead Open House Index Subscribers and Contributors!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001cSujqcSxP3f06ZDVRzAy-9g6RcFCzimz-bf4y-4x_9j4nYlzCu53YVfnbZA_pY6IXS-CWbhXHdWQGHEWF9tBPiPLXOKcpoYdJyv4o5x0ICcOqBHKOX7dyXDMSA1pixbgfkYpBCPRNXkdFymsUqMT_TRbrHNXca6OVjp2w580lz4dPIuqC89lg92tepxBowOK8058QDccDm3Ay1pCN8zIWyolaB2IxlVDHkjBoHNptIM%3D%26c%3DPU_K69kJ6WCAFCzpkDfGo4Wtg12TpxgRRkht7URJ5AEVDanYOBRHQQ%3D%3D%26ch%3DFbEsh4xiwkPPXiI4Fon_auZFWRxSmmPKZNNJfcoTJrbcJXn2mnF3Ww%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C9bcda402758c4e81434208d77f1e45f6%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637117640304056012&sdata=sa%2BJGb0ZTGAAIo4kiTNj%2B1MFGdid6BUlrettivitd0M%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001cSujqcSxP3f06ZDVRzAy-9g6RcFCzimz-bf4y-4x_9j4nYlzCu53YVfnbZA_pY6IXS-CWbhXHdWQGHEWF9tBPiPLXOKcpoYdJyv4o5x0ICcOqBHKOX7dyXDMSA1pixbgfkYpBCPRNXkdFymsUqMT_TRbrHNXca6OVjp2w580lz4dPIuqC89lg92tepxBowOK8058QDccDm3Ay1pCN8zIWyolaB2IxlVDHkjBoHNptIM=&c=PU_K69kJ6WCAFCzpkDfGo4Wtg12TpxgRRkht7URJ5AEVDanYOBRHQQ==&ch=FbEsh4xiwkPPXiI4Fon_auZFWRxSmmPKZNNJfcoTJrbcJXn2mnF3Ww==" shash="XlSU5f4OU4Fbdm6RgoDqfEDAAxXsRolKea3oug+AMihwgNUjU0a2VXziGkopZU+uK1M64BE3EeGMHlSHoHxqeIj3TTPjuGWU9E2xScXHGK7UAUdjaqK689EDP2hFs3GUz6Cp9VzUBvgjvMFqgcbrnbLtA8rZN1hFiXRkWt2FyDU=" target="_blank"><span style="color: #1e88b4;">Here</span></a> is the analysis from the
weekend of December 7-8: <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">We received
317 surveys, thank you, thank you! Great recovery from the
Thanksgiving weekend, when we received just 111. The number of open
houses held jumped strongly too. Reminder, there were just 2839 open
houses held the weekend of December 1, in contrast to 6282 open
houses held this last weekend, meaning we received in our survey 5%
of all open houses held in our survey! Not bad, but remember the goal
is to receive 10% each week!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">The average
attendance in all of NYC jumped to “normal” levels. It was 2.65,
compared to a miserable 1.87 the weekend of December 1. This is the 4</span><sup><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 9.0pt; position: relative; top: -2.5pt;">th</span></sup><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><span style="mso-spacerun: yes;"> </span>strongest
attendance this quarter. Last year on December 9 weekend we recorded
2.49, so a bit stronger this year. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">60 open
houses, 19% were super lonely, with zero attendance. When this
percentage comes regularly down to 10-12%, it will be the sign of
buyers coming back. In the meantime, join your friends to sing in the
Sgt. Pepper Lonely Hearts Club Band!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">The most
visited open house was the one held by <b>Karen Wolfe of Halstead</b>.
She reported 19 visitors to her first open house for the property at <b>213
14th Street in the Park Slope of Brooklyn</b>. Here is what Karen had
to say: “<i>Hi Fritz! How exciting! Yes, 19 parties and multiple
competitive offers going to highest and best today! I think the
property is attractive because it is priced correctly for what it
is-a townhouse in need of a full renovation but has amazing potential
in a phenomenal neighborhood on a great block. People were patient
and I was able to answer questions and engage with customers. Busy
but manageable. Thanks for the follow up and for your work each week
to bring this info back to us. Super interesting to follow.”</i> <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">There were
4405 prospective buyers hopping from one open house to another last
weekend. <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001cSujqcSxP3f06ZDVRzAy-9g6RcFCzimz-bf4y-4x_9j4nYlzCu53YVfnbZA_pY6Ie7UfXVLxW_n6Amaz7ECZRysUHe3OfY-dMYIml4DpHQ3syczcz1PdfYramO2uXmkh9l7f9gkueg65GONQcTSryCJrle8Z0gIzx87jOdOy2WVKkMriJ8ku_7NPIB9M0wqwmG_y8wHntxYbNL5P5fGzPxrtljy8bbtvpghhTt6pj6g%3D%26c%3DPU_K69kJ6WCAFCzpkDfGo4Wtg12TpxgRRkht7URJ5AEVDanYOBRHQQ%3D%3D%26ch%3DFbEsh4xiwkPPXiI4Fon_auZFWRxSmmPKZNNJfcoTJrbcJXn2mnF3Ww%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C9bcda402758c4e81434208d77f1e45f6%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637117640304056012&sdata=lElW6tfvtSx11TbRmid1PL%2BDmGfw4VcEQ4qvNSdHdL4%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001cSujqcSxP3f06ZDVRzAy-9g6RcFCzimz-bf4y-4x_9j4nYlzCu53YVfnbZA_pY6Ie7UfXVLxW_n6Amaz7ECZRysUHe3OfY-dMYIml4DpHQ3syczcz1PdfYramO2uXmkh9l7f9gkueg65GONQcTSryCJrle8Z0gIzx87jOdOy2WVKkMriJ8ku_7NPIB9M0wqwmG_y8wHntxYbNL5P5fGzPxrtljy8bbtvpghhTt6pj6g=&c=PU_K69kJ6WCAFCzpkDfGo4Wtg12TpxgRRkht7URJ5AEVDanYOBRHQQ==&ch=FbEsh4xiwkPPXiI4Fon_auZFWRxSmmPKZNNJfcoTJrbcJXn2mnF3Ww==" shash="i5o221ehAapkPCGMIevy9Ei7LU4U33clxIiaQBr+ge2OK0N5njKdQaIcL4J1n8vgpi4F69yrgykcZgNL7nUH2w0OzLjgYtosQsT4irmuAxtDxBFgpwTZeVOrVD4wBLAE6XeXSdr0NmGT5fGxRNSsXJbTlF0YMfZfhbBo2DEKyFQ=" target="_blank"><span style="color: #1e88b4;">Here </span></a>is the dataset. Let’s take a
peek at what happened in each borough: <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Manhattan</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average jumped to 2.34, from
the weekend prior when we recorded 1.69. A nice 40% recovery, but
this is expected when compared to Thanksgiving weekend, which is
ALWAYS slow (why are you guys holding open houses on Thanksgiving
weekend?). Last year, on December 9 weekend, the average was 2.37, so
pretty much the same. The East Village (4.00), Central & West
Village (3.00) were all above the average, and so was the Upper East
Side (2.90) and Upper West Side (2.61). I find it interesting that in
the last four weeks the UES is showing stronger numbers than the UWS.
Not sure why, we are getting a solid number of surveys from both
locations. Other Downtown Areas were very slow (0.91), and not much
better in Midtown West (1.17). It was also slow in Chelsea (1.70) and
Midtown East (1.86). See the rest below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Brooklyn</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average jumped very nicely to
4.51, from 2.88 the weekend prior. Last year, on the weekend of
December 9 Brooklyn recorded just 3.33. Strong traffic in Park Slope,
Downtown Brooklyn, and some other areas with 5-6 visitors, but beware
of small sample sizes. Williamsburg was below the average with 3.00
from 11 open houses. We received 37 open houses from Brooklyn. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Bronx</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average jumped to 2.05 from
20 open houses received. The weekend prior it was 1.56. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Queens</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average jumped to 3.92, from
2.00 the weekend earlier. Busy at two open houses in Jackson Heights!
<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Staten
Island</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – not much
happening there. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Size</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – Townhouses (5.50) and
Multi-family houses (6.00) are in a different market than apartments.
From apartments an interesting blip at 4BR open houses (4.33) – but
from just three open houses. Otherwise 2BR were in demand (2.83). Not
many people liked JR4s last weekend (1.91). <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Price</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> - $1M-$2M is where the most
buyers are. Above $2M and above $3M fared the worst. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Condition</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – “Good, but some work needed”
(3.22) this time beat the wrecks (2.92). <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">First Open
House</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – 219%
premium for first open houses (5.33) vs. the stale ones (2.43). <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">By
Appointment Only</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – fairly narrow premium this week: 2.70 vs. 2.11 for
“normal” open houses vs. “by appointment only”. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">This is all
for today. I am experimenting with posting my weekly reports on a
blog: <a data-segment-action="add" data-segment-id="dc5f1b50-6428-11e8-aee1-d4ae527536ce" href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001cSujqcSxP3f06ZDVRzAy-9g6RcFCzimz-bf4y-4x_9j4nYlzCu53YVfnbZA_pY6I9aebQX0K0Js-zSO9kfVU2f8sGfG_Zsl7heVRhsGxtb1ksHwrNHNoYgEGg0np5ZTj4Yf2Irsqdm3q5-uF5GUqTV6wK3AcrbGWE58VyvRlukW9E8zIw0JHuVjjtgA43Q5A_4-He7m64yG61Nf0u1NVx9mfn_ka-DkngzirzEWNckc%3D%26c%3DPU_K69kJ6WCAFCzpkDfGo4Wtg12TpxgRRkht7URJ5AEVDanYOBRHQQ%3D%3D%26ch%3DFbEsh4xiwkPPXiI4Fon_auZFWRxSmmPKZNNJfcoTJrbcJXn2mnF3Ww%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C9bcda402758c4e81434208d77f1e45f6%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637117640304066005&sdata=2zfpqVfI1%2FGpf5qYwvf%2FvJpzC48HCw43qwoZP%2BcSTfU%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001cSujqcSxP3f06ZDVRzAy-9g6RcFCzimz-bf4y-4x_9j4nYlzCu53YVfnbZA_pY6I9aebQX0K0Js-zSO9kfVU2f8sGfG_Zsl7heVRhsGxtb1ksHwrNHNoYgEGg0np5ZTj4Yf2Irsqdm3q5-uF5GUqTV6wK3AcrbGWE58VyvRlukW9E8zIw0JHuVjjtgA43Q5A_4-He7m64yG61Nf0u1NVx9mfn_ka-DkngzirzEWNckc=&c=PU_K69kJ6WCAFCzpkDfGo4Wtg12TpxgRRkht7URJ5AEVDanYOBRHQQ==&ch=FbEsh4xiwkPPXiI4Fon_auZFWRxSmmPKZNNJfcoTJrbcJXn2mnF3Ww==" shash="KeRaef9KZjWh4+Jww6ZJooG4pKUCnfu1st04VhdlqYbYJykl3fcggKyfmSIxuPXYVAqiJhYwpBQQ1RrKBsKTbNUn0RNu/sAvRL+2YAoIWbONU+Bl3Ky3v/+6fiRYKmio+6Jf8kC4YNl7b40lKDmAOp5oBid5DLUDlf63CViJhJc=" target="_blank"><span style="color: #1e88b4;">https://halsteadopenhouseindex.blogspot.com/</span></a>.
Here you will be able to see old post, in chronological order. I am
not going back (too much work), just from the last weekend forward.
You can also post comments here. Let me know what you think! <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Feel free to
ask for more specific analysis of open house traffic. For instance,
“the average traffic at 1BR condo open houses in Midtown West and
Midtown East from July 1, 2019 until today”. Or similar. You get the
point. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Best of luck
at your open houses this coming weekend. If you did not post your OH
on StreetEasy yet, you are too late!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Best
Regards,<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Fritz Frigan</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">To Sign Up
to Receive Halstead’s Open House Index Report</span><span style="color: #1f497d; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> </span><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><a data-segment-action="add" data-segment-id="dc5f1b50-6428-11e8-aee1-d4ae527536ce" href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D001cSujqcSxP3f06ZDVRzAy-9g6RcFCzimz-bf4y-4x_9j4nYlzCu53Yc4nI-eakwOHWR_i6UVuGi-jqJqcr_PONl9IHrW6GH-p40AaypX-JOkjGW9MeHPcJX17d5etbgoWZLmfIU6QL0jIeBNy9zIF_ZwKmmrkJx1oPPiIt1mSjIHEToqw0weO5VwnDUaOpPSBWGiL6IvK53nPZRcX58lA8i5abjlz9u2jG8uw6iaX7T9oTavsP-SK-WVw5jlnHi8Tkfy_jjbWF4GETtGqypKhL3fcMd_9yieh5GMvdq9byu4q7yqxwolAwo_7yUw057YxQ1ufJFtmxXoq37UyH7Ted6b3qhC3e1Wiah16s65NvUIDmtIW-_XKw7Hi-DWFGe3t1DO6l97UkxsG--ye0l7d_E6HyDvsK86iWDIl2YN7f_WOkwOK_iW_w5aj8wQBPmF_DieovVbKbNkgj88WhYzR-k6RMtKKuNC3AgGqLJobLEIN7x8t96Td_yNlw5214OhegZoxikY_cHLQstQaRjJzz-Hee72-MzG3LKeDsSwtxHRIrSR3MDot2eKxM87krhL1qfPIzJWuHzBdllX6EdVEw1L44Iv_-zLec1WhxGSzWbkIpG8uz5AY6jzyNCAOrhYEHeX8m_ITnk8wsTNrEiNpo9T_zcWEtOyIFlZjHDngV1sqRCYkQRC09AUZyP0DYb0siJ_s9i11GB7X0blVL3Qlsk_g_gN7bwaXYe-rOVL-AybUNITvV2RRlxRvtsnuI-2BqDFOzJcAGhwp8ayQnXN9BBwUFGeTmwhbSnNdm3ZVRGdm2Ps5MMuXSTQL83qWxJ9iRsS-ZfHScrwdO6uXz5ixfkPzg68M33ik94Bm8odFCZm2tUgaHWnuzXEXOwU2LW9x-aVOztdZybUWOx_pQGaxd6Rsmhw0ad_-ImUgqEYaLhok3cYS4h7zs5Dy4zblVQnx5m5TiBFDWnOuGiCLbNAdyyDcb-3YdZd39_gP7LJUwE09UeOm3HiZpSjFIjD7D6Ockee-ic8pRz-ywjXWrgCSCwukczAsILMu3BzdoOGsUW9a5Yc3rarK67tqfwJd9943pkq4z5G-drbN57rn9fROPWyR-CxtMEb6iOV-LEkn9Yu44EXTksdkF2Sw00sd_ONvYTIz2UCcTxF9KAxx8rjpYKTnBniARCueWzbmw4JPoW0l3D6-9paFV1F6EPccAMRWt2hzniBJyqRlGtz7ld4QGw0tGeHQaVck9_fKVgW-B_SdGcaERttFFmRYRVwLw_rmj0zVAXlFLvuyR2V5geIbx3j8AB5i7Dhgi_XMTeHBgZtJnFlv09Dm5tF2GJ0_vG5zyScqaPX83VE2Di61ISVUCg1lEuImDIl8bjMrB_jWfKM%3D%26c%3DPU_K69kJ6WCAFCzpkDfGo4Wtg12TpxgRRkht7URJ5AEVDanYOBRHQQ%3D%3D%26ch%3DFbEsh4xiwkPPXiI4Fon_auZFWRxSmmPKZNNJfcoTJrbcJXn2mnF3Ww%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7C9bcda402758c4e81434208d77f1e45f6%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637117640304075999&sdata=bxUZu6u%2Br8IAh%2FsT3jQk5wNltMTYeWKkuj3Co5OdqR8%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=001cSujqcSxP3f06ZDVRzAy-9g6RcFCzimz-bf4y-4x_9j4nYlzCu53Yc4nI-eakwOHWR_i6UVuGi-jqJqcr_PONl9IHrW6GH-p40AaypX-JOkjGW9MeHPcJX17d5etbgoWZLmfIU6QL0jIeBNy9zIF_ZwKmmrkJx1oPPiIt1mSjIHEToqw0weO5VwnDUaOpPSBWGiL6IvK53nPZRcX58lA8i5abjlz9u2jG8uw6iaX7T9oTavsP-SK-WVw5jlnHi8Tkfy_jjbWF4GETtGqypKhL3fcMd_9yieh5GMvdq9byu4q7yqxwolAwo_7yUw057YxQ1ufJFtmxXoq37UyH7Ted6b3qhC3e1Wiah16s65NvUIDmtIW-_XKw7Hi-DWFGe3t1DO6l97UkxsG--ye0l7d_E6HyDvsK86iWDIl2YN7f_WOkwOK_iW_w5aj8wQBPmF_DieovVbKbNkgj88WhYzR-k6RMtKKuNC3AgGqLJobLEIN7x8t96Td_yNlw5214OhegZoxikY_cHLQstQaRjJzz-Hee72-MzG3LKeDsSwtxHRIrSR3MDot2eKxM87krhL1qfPIzJWuHzBdllX6EdVEw1L44Iv_-zLec1WhxGSzWbkIpG8uz5AY6jzyNCAOrhYEHeX8m_ITnk8wsTNrEiNpo9T_zcWEtOyIFlZjHDngV1sqRCYkQRC09AUZyP0DYb0siJ_s9i11GB7X0blVL3Qlsk_g_gN7bwaXYe-rOVL-AybUNITvV2RRlxRvtsnuI-2BqDFOzJcAGhwp8ayQnXN9BBwUFGeTmwhbSnNdm3ZVRGdm2Ps5MMuXSTQL83qWxJ9iRsS-ZfHScrwdO6uXz5ixfkPzg68M33ik94Bm8odFCZm2tUgaHWnuzXEXOwU2LW9x-aVOztdZybUWOx_pQGaxd6Rsmhw0ad_-ImUgqEYaLhok3cYS4h7zs5Dy4zblVQnx5m5TiBFDWnOuGiCLbNAdyyDcb-3YdZd39_gP7LJUwE09UeOm3HiZpSjFIjD7D6Ockee-ic8pRz-ywjXWrgCSCwukczAsILMu3BzdoOGsUW9a5Yc3rarK67tqfwJd9943pkq4z5G-drbN57rn9fROPWyR-CxtMEb6iOV-LEkn9Yu44EXTksdkF2Sw00sd_ONvYTIz2UCcTxF9KAxx8rjpYKTnBniARCueWzbmw4JPoW0l3D6-9paFV1F6EPccAMRWt2hzniBJyqRlGtz7ld4QGw0tGeHQaVck9_fKVgW-B_SdGcaERttFFmRYRVwLw_rmj0zVAXlFLvuyR2V5geIbx3j8AB5i7Dhgi_XMTeHBgZtJnFlv09Dm5tF2GJ0_vG5zyScqaPX83VE2Di61ISVUCg1lEuImDIl8bjMrB_jWfKM=&c=PU_K69kJ6WCAFCzpkDfGo4Wtg12TpxgRRkht7URJ5AEVDanYOBRHQQ==&ch=FbEsh4xiwkPPXiI4Fon_auZFWRxSmmPKZNNJfcoTJrbcJXn2mnF3Ww==" shash="C+ppTctQWBoJhCee4EQWsr3T6sZY72Ks3UmTgF1iLL5Rfc1nkEmKMCDGHVjptkmI/RZD2QvVMdr0DLbkFem20hXBTaMX0LoRy7rlQ+ioi7L58ZIvlxa0L6nwiN2vK8c35om0uFoqV6kVmXSzApIHzTlK0ffw95oEzj1UHKuG+/s=" target="_blank"><span style="color: #1f497d;">Click Here</span></a> <o:p></o:p></span></div>
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<br />Fritz Friganhttp://www.blogger.com/profile/01338330654547035031noreply@blogger.com0tag:blogger.com,1999:blog-9178590370333606794.post-19360827266520408492019-12-10T16:59:00.000-08:002020-02-11T15:48:32.667-08:00Halstead Open House Index - Report from the weekend of December 1, 2019<span style="font-family: "times new roman" , serif; font-size: 12.0pt;"></span><br />
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Good Morning
Halstead Open House Index Aficionados!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D0010vpusXnlk5OKooOb5msF63BCeNSuEdn3BVRQT8T6et3_x9Da4mpHYMebU-fyYfBD-GwwYVlOY9iIxA9eqDrlJqwd5qtPb56dUz31319M8J3Vso0874qlgQZ_lnQXJi2LanbxWn4TPGxkzhuuW2DyYK3fysADyAGC5isD3qWkeaOpxmql2zrzBjzL4ANyGxdp9DB2XY4mIPjGpeDd7ri7VGNJgJbWFw0T73RieN_ivl0%3D%26c%3DFxwCafUeRfnX6llBiU_Y6G47B-mvjrU1nQATgjgHTdwU1fLycmqviw%3D%3D%26ch%3DMTFkW2jr4p1qZBJxxxVnuOplvsNH8Sg0E4MCJmQHCeukGc0aHOtL6w%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Cb1f9223da9904d318dd908d779a005e6%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637111600514247500&sdata=GxGcJ9r88Z9abowaJ%2BuIfFpE4R6FDqcNzqjzznjsJ18%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=0010vpusXnlk5OKooOb5msF63BCeNSuEdn3BVRQT8T6et3_x9Da4mpHYMebU-fyYfBD-GwwYVlOY9iIxA9eqDrlJqwd5qtPb56dUz31319M8J3Vso0874qlgQZ_lnQXJi2LanbxWn4TPGxkzhuuW2DyYK3fysADyAGC5isD3qWkeaOpxmql2zrzBjzL4ANyGxdp9DB2XY4mIPjGpeDd7ri7VGNJgJbWFw0T73RieN_ivl0=&c=FxwCafUeRfnX6llBiU_Y6G47B-mvjrU1nQATgjgHTdwU1fLycmqviw==&ch=MTFkW2jr4p1qZBJxxxVnuOplvsNH8Sg0E4MCJmQHCeukGc0aHOtL6w==" shash="Yjj/Md4M6ZhSFwA7qX849QDr/eJpNqazx22p1uedF6dIfj48yw7dIOhU6a29gx8IQ0t9TWMnDZdA4ki9EZZuy5c+BZKGYs0mmn3sVnxv2BQ6iKdF01/Fz4QbvOdquZPteM4wtekR3aWwtijK+oNWIB4Pssrl9xhBv7Ykasb0jck=" target="_blank"><span style="color: #1e88b4;">Here</span></a> is my report from Thanksgiving
weekend, November 30-December 1. It was snowing, people were still
recovering from overeating on Thursday, what did you expect? <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Before we
come to the numbers, I wanted to share with you a <a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D0010vpusXnlk5OKooOb5msF63BCeNSuEdn3BVRQT8T6et3_x9Da4mpHYMebU-fyYfBDn1tYgbOeUoQIAIQTPBscuLSJ-ThGFtLkVSYY22ltgF-6_vn_YGGHKiFO_ieA-ko6wKMVBpJ0_B177zvSqSgOLdbYZ1RXkhGcDsO2KxK8IV1jpAJP1lXKhiCEFvwgM5Ic-bnp8ta6Ity-6rujuGP5XagMJTwlUtIjHpbdKRc5g4s%3D%26c%3DFxwCafUeRfnX6llBiU_Y6G47B-mvjrU1nQATgjgHTdwU1fLycmqviw%3D%3D%26ch%3DMTFkW2jr4p1qZBJxxxVnuOplvsNH8Sg0E4MCJmQHCeukGc0aHOtL6w%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Cb1f9223da9904d318dd908d779a005e6%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637111600514257497&sdata=7eKhcnVxdVNP%2F5igF%2BbIqbdJuxuGj2EOt3A53Imo0Vg%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=0010vpusXnlk5OKooOb5msF63BCeNSuEdn3BVRQT8T6et3_x9Da4mpHYMebU-fyYfBDn1tYgbOeUoQIAIQTPBscuLSJ-ThGFtLkVSYY22ltgF-6_vn_YGGHKiFO_ieA-ko6wKMVBpJ0_B177zvSqSgOLdbYZ1RXkhGcDsO2KxK8IV1jpAJP1lXKhiCEFvwgM5Ic-bnp8ta6Ity-6rujuGP5XagMJTwlUtIjHpbdKRc5g4s=&c=FxwCafUeRfnX6llBiU_Y6G47B-mvjrU1nQATgjgHTdwU1fLycmqviw==&ch=MTFkW2jr4p1qZBJxxxVnuOplvsNH8Sg0E4MCJmQHCeukGc0aHOtL6w==" shash="lFHlNP56ELooepGrEOp3jEl/u5vlcccmGaFE/PCD1KeQJuU5lHDghp2PCEUBBuLK4mYFi/p0S8d8LQd91vZyHzucwgqXFn2wY9Ou85JbVb38IZZCWdTee6DeeBN26/EIMjma4mPkGhPr+F16ClGzrvvOyBO0fn23JzVXP/VXD34=" target="_blank"><span style="color: #1e88b4;">few pics</span></a> from the Halstead Holiday
Party yesterday from Guastavino’s on East 59</span><sup><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 9.0pt; position: relative; top: -2.5pt;">th</span></sup><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><span style="mso-spacerun: yes;"> </span>Street. It was
a blast! It shows you that Halstead knows how to sell real estate and
how to party and have fun!! Yours truly is this guy in red, in case
you don’t recognize me!! <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">As expected,
the number of open house reports received this week was low. Last
year we received 98 replies, this year we got 111. There were just
2839 open houses held in NYC – compare this with 6606 the weekend
prior, a 58% drop. The average attendance for NYC also dropped, this
time to 1.87 attendees per open house. This is lower than the weekend
before Thanksgiving, when we recorded 2.27. Last year on Thanksgiving
weekend, don’t ask me why, the average was much better: 2.74.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">24 open
houses reported zero attendance, or 21.6%. The record attendance was
at the open house held by <b>Harlan Simon from Halstead</b>. He
reported 10 visitors to his open house at <b>426 Hart Street in the
Bed Stuy section of Brooklyn</b>. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">According to
my very unscientific method, there were approximately 1405
prospective buyers hopping from one open house to another last
weekend. Compare this with 3969 buyers the weekend prior or 5559
buyers the weekend of November 17, and you get an idea how slow it
was!<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fr20.rs6.net%2Ftn.jsp%3Ff%3D0010vpusXnlk5OKooOb5msF63BCeNSuEdn3BVRQT8T6et3_x9Da4mpHYMebU-fyYfBDIqC3wnQw0h0mp551Bnvxlo-QokiSJf95GexRuvHFvI45KEXmW5prYSp6Te-e900jPeJVNhkkluRndHiZQF00NvoWeGnsdRYN0CTcZ6hh7H9JWIpRNixbQXc-ZEWkBxx3T89yK4IO22xO9dBo_vz4vHhQPObizbcWuSs6iEkhI3M%3D%26c%3DFxwCafUeRfnX6llBiU_Y6G47B-mvjrU1nQATgjgHTdwU1fLycmqviw%3D%3D%26ch%3DMTFkW2jr4p1qZBJxxxVnuOplvsNH8Sg0E4MCJmQHCeukGc0aHOtL6w%3D%3D&data=02%7C01%7CFFrigan%40halstead.com%7Cb1f9223da9904d318dd908d779a005e6%7C0c0a77cb433f468a9b4607c9d2562420%7C0%7C0%7C637111600514257497&sdata=RUPv65QwuTIEtzMSzPT4WqzwLEsFfmtL8vx2k3I8JSo%3D&reserved=0" originalsrc="http://r20.rs6.net/tn.jsp?f=0010vpusXnlk5OKooOb5msF63BCeNSuEdn3BVRQT8T6et3_x9Da4mpHYMebU-fyYfBDIqC3wnQw0h0mp551Bnvxlo-QokiSJf95GexRuvHFvI45KEXmW5prYSp6Te-e900jPeJVNhkkluRndHiZQF00NvoWeGnsdRYN0CTcZ6hh7H9JWIpRNixbQXc-ZEWkBxx3T89yK4IO22xO9dBo_vz4vHhQPObizbcWuSs6iEkhI3M=&c=FxwCafUeRfnX6llBiU_Y6G47B-mvjrU1nQATgjgHTdwU1fLycmqviw==&ch=MTFkW2jr4p1qZBJxxxVnuOplvsNH8Sg0E4MCJmQHCeukGc0aHOtL6w==" shash="Q4GfteW6swzhDO8ECWvqac+qV2ZPRaZX12baHGsHsGl0R3bRuHxzff4EG8d5Hp2tgh+AM4gqj2BpyuxIh3yaVsUpBnws1OT/YEdXA4xme5gvaahE1kGjVtIN1HtZHjeKvYfJ6/HjHbZv4r9ItVVk/oJK0NoiRKr64wK6ajY9WH8=" target="_blank"><span style="color: #1e88b4;">Here</span></a> is the Dataset. Let’s check the
individual boroughs: <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Manhattan</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average dipped to 1.69,
compare it to 2.09 the weekend earlier. We received just 81 open
house surveys from Manhattan this week. Surprisingly, the Upper East
Side was on top with 2.33, the Upper West Side was right behind with
2.06. Midtown East was slow with 1.00. Beware of small sample sizes
in all parts of Manhattan. Last year on Thanksgiving weekend the
Manhattan average was 2.15. See the rest below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Brooklyn</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – recorded an increase in
attendance to 2.88, from miserable 2.55 the weekend prior. That Bed
Stuy open house helped it, for sure. See the rest of the numbers
below and again, beware of small sample sizes. We received just 17
replies from Brooklyn. Last year Brooklyn recorded 4.00 from 16 open
houses submitted. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Bronx</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average dipped to 1.56, from
1.87. We got just 9 replies from the Bronx agents. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Queens</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the average was 2.00 from just
three open house sent from Queens. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Staten
Island</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – back on
the charts with two visitors from one open house submitted. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Size</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – Multi-unit buildings and
townhouses batted above 5.00 average. From apartments, 2BR units were
decent (2.56) comparing to others. Studios and 1BR batted below 1.00.
See details below. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Price</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> - $1M-$2M was the only range that
attracted more than 2.00 visitors per open house, 2.36 to be precise.
The rest was, slow, slow, slow. <o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Condition</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"> – the wrecks won again with 4.14
average last weekend. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">This is all
for today, folks. Next open houses are being lined up for December
7-8 weekend. Last year, on December 9, 2018, the average was 2.49
from 259 open houses received. Could we do better this time?
Certainly in the number of replies. If you find this weekly recap
useful, encourage your colleagues in the industry to participate.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">A few of
have you asked me how to make completing the form more automatic,
with autofill. I don’t know. It is a Google Form. If using a desktop,
try to set your browser (i.e. Chrome) to allow Autofill. I hear your
frustration, but not sure how to fix it for you. It takes just 30
seconds to complete it for each open house. This weekly report stays
alive only if you guys participate. I am willing to do the work as
long you are willing to send your replies.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">I received
an interesting comment this week in response to my report from
Monday. An agent asked to remain anonymous, but here it is: “<b><i>In
the last 12 months, how many closed sales did you effect with a buyer
who first saw the property in one of your open houses, either with or
without a co-broker</i></b>?”. I think the question more precisely
put was, how many visitors to open house actually bought that
specific unit? (i.e. if direct buyer, you may have closed them
elsewhere). The essence of the question is: “<i>What’s really the use
of open house? Why are we doing them?”</i> Looking forward to your
comments and let me know if you’d like to remain anonymous when I
quote you next week. <o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Best of luck
at your open houses this weekend. I encourage you to click on the
link to dataset. More and more agents are placing the address of
their property in the comment section, or some other details, such as
price drop, or outdoor space. This way you have more ammunition
analyzing the data.<o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Best
regards,<o:p></o:p></span></div>
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<b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">Fritz Frigan</span></b><span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;"><o:p></o:p></span></div>
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<span style="color: #36495f; font-family: "calibri" , sans-serif; font-size: 10.5pt;">To Sign Up
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Fritz Friganhttp://www.blogger.com/profile/01338330654547035031noreply@blogger.com0