You're thinking too much.

Praful,

It depends, on the price, the number of people in town who can afford this home, and the home's desirability in your market. There is no right answer here,  A

I have no idea what you should expect in your market area.

Anyone who thinks they know the answer to that one may be fooling themselves

Seems there are way too many variables to respond ... Depends on so many things ... I would hope whatever the numbers are that I get an offer right away!  Only looking for ONE BUYER right?

Too many variables to provide an answer. Every market is different. 

High end- One day only by appointment. No outside sign. Pre-screened. Last time 35 groups received 3 offers.

Avg priced home (1.1-1.7M avg neighborhood, 1.8-2.7M better schools neighborhood) 2 days of OH and possibly a broker tour if needed.  

Probably 5-6 groups translate to 1 solid offer. 5-6 offers first week in common. 36 people in one afternoon is about right.

Not matter what the interest rates are, there are 30,000 new hirees in high tech will not dampen the home sales enthusium.  They can not all sleep in their cars or motels. Even if FB, Googl moved out of the area, Elon Musk and Jeff Bezos are hiring techies.  Anyone who can ship weekly 5000 TSLA all electric gets a free mansion.  Hello coming on in you are hired, not making the quota? Good bye. 

There's no differential when each is priced well. I could sell a $10,000,000 home with only a couple of showings where it might take 50 for a $275,000 listing. I always wanted to have a formula and although I track everything there's no such animal Praful.

You never know around here what will make a house sell.  We're a primary second home market and that's so different from people looking for a home to live in.

It really depends on the market, and the pricing of the high end.

The answer for me is "it depends". Because it does depend and because that was my first thought which brings me to fur and instinct --- which I find quite important in real estate and in life.

    Probably less. 

     Most Brokers here won't do Open Houses on luxury houses.  They don't want "the lookers" who will come just to see the big fancy house. 

    Smaller buyer pool.  Must-be-accompanied showings.  Potential buyers need a pre-showing strong POF or pre-approval letter.    

I don't know a ratio Praful Thakkar BUT if these potential buyers have been screened as "Qualified" buyers I would expect the ratio to be higher (in a positive way) of finding the right buyer.

Subject to too many variables Praful Thakkar; different for every market.

Every market is different.  

Real estate is Local. 

Every home is different. 

Depends on the market and how one defines "high-end" in their market. 

I have no idea... can't imagine what a ratio like this would prove, as there are so many variable. I don't do open houses, in any event... so have no numbers for those. In 25 years have yet to ever sell a listed home off of an open house.

Not sure Praful 

1-1

that's relative to the list price.... the lower the list price compared to the ideal list price for that home, the more showings....

When the ducks quack....they quack and not until then

No right answer. Depends on the town. 

I'm going to have to join in on the "it depends" crowd.  I've had multiple open houses w/30+ attendees on the same property, week over week.  I've had high end homes where the open house drew looki-loos curious what type of house went at that price.

If I get a listing that fits that scenario, I will come back and answer the question.

Ron and Alexandra Seigel nailed this one!

It totally depends upon the city, the neighborhood and the house...and, of course the condition & price!

I sold two $1M homes earlier this year at open houses. I have one listing in a lower price range in the same area that I've held 3 open houses and haven't nabbed one buyer for that one yet! So, it's totally unpredictable!

I would have no idea how to get that data. There are quite a few homes in our area that are well over a million dollars and we don't have a lot of buyers in that price range. As others have said, it depends on the town and the average price range.

Depends on the location. A lot of simply curious people come to see high end properties. 

lower

It may be less than 10% of that "sweet priced" home.

I do not like to look at open house guests as most are not buying but just looking. I would rather have provate showings and stack them say every 15-20 minutes on the average priced home. On luxury home is list it is often 1/2 to 2/3 less showings, but same result... SOLD. 

In our market 10

Sometimes they go quick and sometimes the right buyer is further down the showings line!

I really don't know...

Depending on time of year this could be seriously different.

The lower the price, the more visitors and more competition. 

I want one person to show , the potential buyer.  It is not the number of people but the quality of people.

I am seeing if the house is priced right, it only takes one good offer. I showed one on Friday and wrote it and ggot it accepted. We were the first and I had a good working relationship with the listing agent.

Consdiering that is raified air about 1 to 10.

(Market average total annual sales) /(market average Listing)x10 = expected Level 1 and level 2 showings.

(Market High-end total annual sales)/(Market High-end listing) x 10 =expected Level 1 and Level 2 showings

RATIO: Market Average Level 1 and level 2 showing/Market high end Level 1 and level 2 showings.

Based on the above one can extrapolate if attendance will be sufficient to garner an offer. 

It is possible for a seller, balanced and buyer market to exist simultaneously, if one analyzes the price segments. To apply the expectation of 25 qualified attendees to all segments may indicate improper analysis unless augmented by a very targeted and enduring marketing strategy.

Math as we all know is precise marketing and sales agents, not so much.Such numbers present a potential. Exceptional execution maximizes that potential.