As a foregin investor, what tools/websites can you recomend me to use for checking out area and neigborhoods class? Beside talking with agents, and google maps..
As a foregin investor, what tools/websites can you recomend me to use for checking out area and neigborhoods class? Beside talking with agents, and google maps..
I assume you are talking about the investment class of a neighborhood/city/zipcode from a residential real estate investor's perspective. The market reflects this class in the $/sf of transactions that occur in that neighborhood/city/zipcode. For example, Beverly Hills (and all the zip codes in Beverly Hills) have a much higher $/sf than Reseda (and all the zip codes in Reseda). That's one major way to detect class, and you can detect it by looking at sold homes on RedFin and looking at the sale metrics.
Aside from $/sf, investment class is also derived from absorption, days on market, as well as demographic factors such as median income, age, educational attainment, and so on (demographics are much more speculative than market analysis metrics like $/sf, absorption, DOM, etc).
I made my own tool to track these residential market analysis metrics for me, but since I only work in CA they are strictly for the Los Angeles/Ventura & San Francisco/Bay Area markets. You can use it for free, click my profile to pull up my post & guide on how to use my app. You can compare every city/zip in Los Angeles or San Francisco against one another, or you can drill down into a specific city/zip in LA or SF to pull detailed market metrics on just that city/zip. It's what I use to achieve your stated goal.
As a foregin investor, what tools/websites can you recomend me to use for checking out area and neigborhoods class? Beside talking with agents, and google maps..
I assume you are talking about the investment class of a neighborhood/city/zipcode from a residential real estate investor's perspective. The market reflects this class in the $/sf of transactions that occur in that neighborhood/city/zipcode. For example, Beverly Hills (and all the zip codes in Beverly Hills) have a much higher $/sf than Reseda (and all the zip codes in Reseda). That's one major way to detect class, and you can detect it by looking at sold homes on RedFin and looking at the sale metrics.
Aside from $/sf, investment class is also derived from absorption, days on market, as well as demographic factors such as median income, age, educational attainment, and so on (demographics are much more speculative than market analysis metrics like $/sf, absorption, DOM, etc).
I made my own tool to track these residential market analysis metrics for me, but since I only work in CA they are strictly for the Los Angeles/Ventura & San Francisco/Bay Area markets. You can use it for free, click my profile to pull up my post & guide on how to use my app. You can compare every city/zip in Los Angeles or San Francisco against one another, or you can drill down into a specific city/zip in LA or SF to pull detailed market metrics on just that city/zip. It's what I use to achieve your stated goal.
Thank you Steven.. im using that mathod, and its also a graet way.. i was looking for some other tools to use in order to cross data in get a broader prespective
I don't think there's a substitute for having great, competent boots on the ground, but you'll also have to make time to visit every now and then yourself. We've done the long-distance thing, but we by far saw the most success with boots on the ground. I've found that Zestimates and the like can only take you so far.
I don't think there's a substitute for having great, competent boots on the ground, but you'll also have to make time to visit every now and then yourself. We've done the long-distance thing, but we by far saw the most success with boots on the ground. I've found that Zestimates and the like can only take you so far.
Thank you Doug.. and you 100% right! as i said, im looking for these thecnological tools in addition to my local team, and just for the first fase of understanig the sroundings of my subject property..