Coffeeville Lake Topics: that's true
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Name:
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John C
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Subject:
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that's true
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Date:
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2/9/2009 12:54:46 PM
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Russell Lands does not put their private sales in the MLS. Examples would be lots that they own in Phase IV of the Ridge that they are selling directly to buyers. If those were made public, yes, that would greatly increase the accuracy of our picture of the lake market.
That's why I am careful to note that I am only talking about MLS sales. All of the stats I quoted about 2008 and previous were for residences - not lots. To my knowledge, Russell Lands did not sell all that many homes that they owned in this period. Exceptions might be Glynmere in Willow Point.
So I agree, but only with regard to lot sales, as I THINK this the market segment where their data's absence is most sharply missed. But, since I don't work there, my thinking is based on opinion only.
It should be noted that the same could be said for FSBO sales, also. But, since both of these absences are consistent over the years, I feel that MLS sales still give a very good barometer on the market as a whole.
Also note - even though I do wish they would publish them, I recognize and respect RL's decision not to do so. It is a free country and they are a privately held company. As a card carrying capitalist, even though I disagree, I realize it it none of my beeswax. See the below link for an old post on the subject.
The whole point here is not to delve into every possible sale, but to focus on what will give us the most consistent analysis tools year after year. And most importantly, how to interpret that data on a personal level. All of this number crunching is for naught if I can't use it to help my buyers and sellers.
URL: 2007 was 2nd best year ever
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