Steve and I have a few listings that have not had as much “traffic” as we would like, so the last few weeks I held open houses in a couple of our vacant staged listings just to get a feel for foot traffic in the neighborhoods and to hear what buyers are saying.
The first week, I held an open house at our Lost Creek listing at 1601 Bay Hill Drive. I placed several signs at the entrance to Lost Creek at Hwy 360, as well as numerous corners in Lost Creek, which brought in a lot of traffic.
The Lost Creek open house went better than I expected. There were 15 groups of people in 3 hours. It was really hopping! Normally a turnout of 5 to 8 people is considered “decent” on an open house, especially given the fact that sometimes the turnout can be zero. This was the first weekend of South by Southwest (SxSW Austin), so the atmosphere was lively and upbeat and people seemed to be enjoying being out and looking around. There were people from Denver and some from California that are planning to relocate to Austin. They all told me how “amazing” the prices are here in Austin. “Do you know how much a house like this would sell for in California?” Of course I’ve heard this before, and I know the listing I have in Lost Creek priced at $439k would be $1M+ in many parts of California.
The Lost Creek open house also drew several groups from Austin, many who are currently renting but out looking to see what’s available. Most of the attendees already have Austin agents they are working with. Of the four attendees who told me who their Austin Realtors were, I called all four agents to let them know their buyers seemed interested in the house and to invite them back for another look. I don’t know if this will produce a buyer, but I feel like I have to be doing everything I can to generate something.