Six Hundred Six Homes Situated On Streets With Less Obvious Western Names Were Sold

Category: Finance, Real Estate.

We re in the process of purchasing some lots in Oak Hill with a few other buyers but they don t like the street s name and want the developer to have it changed. The Californian Chumash Indians translate Sisquoc as stopping place.

The street name is" Sisquoc, " which I believe is a good name. There s a river in California that they call Sisquoc River. The street is now in the process of being renamed to" San Lucas. " So this has gotten me into thinking of the various Austin street names especially the ones that are more unfavorable than Sisquoc. The other buyers are having a hard time saying and spelling it. For example, the subdivision in Shady Hollow in South Austin has streets with names including" Shoot Out, " "Six Gun, " "Gun Fight, " "Ammunition, " and" Shotgun" Who would want to live on Shoot Out Street or Gun Fight Street? Bush Boulevard" ?

I wonder if a left wing liberal would pass up the home of his dreams if it just happened to be located on" George W. Would a vegan pass up a home on Brisket Lane? Therefore, can street names have a big role when deciding on selling or purchasing a home? Getting a house on Devil s Cove is something a devout Christian Conservative would probably need to think about. I made a decision to look further. There have been 71 sales on those streets.

I performed a multiple listing search for homes in Shady Hollow that were sold since 2000 that are found on the aforementioned streets with names related to guns. In dollars, 677 is the, 179 average sales price at$ 98 per square foot. Six hundred six homes situated on streets with less obvious western names were sold. The next research was done without the homes built after 1993 because they were expensive to build. In dollars, 713 is the, 225 average sales price at$ 103 per square foot. The interesting thing, is that the, however politically incorrect homes sold at an average of 37 days while the others took 50 days on the average to sell. Based on this research, homes on streets with politically incorrect names are not selling well in comparison other homes on other streets.

This seems counterintuitive based on the gap in the price. But homes with smaller lot size, are sold for, in general a higher per- square- foot price, and in this case they dont, which means something is out of balance. The politically incorrect homes have an average size of 1811 square feet and the others averaged only 2144 square feet, which would account for the gap in the sales price. This isn t an exact scientific test. Nevertheless, a buyer should put into consideration whether or not the street name might affect the future marketability of the home.

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