PLACE IS A WINNER!

I just read some slightly interesting trivia in an e-mail from Trulia. 

Trulia.com  is an online residential real estate site for home buyers, sellers, renters and real estate professionals. It lists properties for sale and rent as well as neighborhood information and community insights. 

The search site most used by homebuyers is still Realtor.com.  But Zillow.com is running a strong second and, where Realtor.Com and Trulia only show properties that are posted on MLS sites, Zillow also shows For-Sale-By-Owner homes and unlisted homes.  Zillow also publishes an infamous price estimate (Zestimate)  for each house.  The Zestimate can be way off base.  Type in your address and check the Zestimate for your house out.  If you do not like it, Zillow allows you to put in your own comments.

But back to Suffixes.  Here is my condensed version of the Trulia article:

“Ever wonder if the homes on “avenues” are typically more expensive than the homes on “streets”? We have. Using our very own database of homes for sale on Trulia we analyzed the median price per square foot for different  address suffixes.  Here’s what we found:

Top 3 Priciest Address Suffixes

1. ”Boulevard”

2. “Place”

3. “Road”

Homes on “boulevard” ($117sq ft average) are the most expensive while the cheapest are those on “street” ($86 sq ft) – that’s a 36% price difference! Although saying you live on “Whatchamacallit Road” may not sound that fancy, at $109 per square foot homes located there are actually the third most expensive of any suffix type. In fact, the median home on a “road” is respectively 8% and 9% more expensive than those located on seemingly more upscale-sounding “court” and “circle.”

Why is “boulevard” the most expensive address suffix? Well, while the word does have a sophisticated French origin, but it actually might have more to do with the mix of the homes located there. Approximately, 37% of homes on “boulevards” are in multi-unit buildings, such as apartments and condos.  These make up no more than 16% of homes on every other address suffix.  And multi-unit buildings are often located in denser, urban areas where space is at a premium.

“Boulevard” may be the most expensive suffix but with only a 2% share of total listings, it’s certainly not the most prevalent one.   22% of listings are located on a “drive.” That’s even more popular than “street” (19%), “road” (16%), and “avenue” (15%).”

To see the whole article, go to “Trulia Training Newsletter September 28,2012”.  If I can't figure out the Blogpost design tools, then I might move this thing to Wordpress.  Sorry for the white background behind some of the copy...I can't figure it out!