Friday, June 25, 2010

RE/MAX Shines in Power Broker Report






RE/MAX Shines in Power Broker Report



RE/MAX excels in RISMedia's just-released 2010 Power Broker Report, which ranks the top 300 U.S. brokerages based on 2009 transaction sides.RE/MAX placed 69 brokerages on the list, far outdistancing Keller Williams (47), Coldwell Banker (36), Prudential (30), Century 21 (23) and any other competitor. What's more, the 13,505 RE/MAX Associates within those brokerages closed 203,392 transaction sides last year, an average of 15.1 each. That figure easily eclipses the per-agent production of the other major franchises – Coldwell Banker agents averaged 10.1; Century 21 agents averaged 7.9; and Keller Williams and Prudential agents averaged 5.9. It was 18% better than the 2008 average.The RE/MAX transaction total was more than 50,000 higher than any competitor's, except for NRT, whose single brokerage has 46,000 agents. It had more sides, but averaged just six per agent. Three RE/MAX brokerages – RE/MAX Alliance of Colorado, RE/MAX Results of Minnesota and RE/MAX Gold of California – each surpassed 10,000 sides to rank in the survey's Top 25. All told, the RE/MAX brokerages in the Top 300 closed $44.4 billion in sales volume last year, representing a per-Associate average of $3.06 million.

CA Home Prices Rise


Prices Rise in May


California median home price, home sales rise in May


Home sales increased 1.2 percent in May in California compared with the same period a year ago, while the median price of an existing home rose 23.2 percent, reported C.A.R.
“Home sales posted their third largest increase on record for May, due in part to first-time home buyers who timed the open and close of escrow in order to capitalize on both the federal and state tax credits,” said C.A.R. President Steve Goddard. “May also marked the fifth month of double-digit gains in the median price, indicative of strong buyer demand relative to the supply of homes for sale. With a 4.6-month supply of homes for sale, unsold inventory continues to be well below the long-run average of seven months, and will continue to drive price appreciation over the next several months.”
The median price of an existing, single-family detached home in California during May 2010 was $324,430, a 23.2 percent increase from the revised $263,440 median for May 2009, C.A.R. reported. The May 2010 median price increased 5.9 percent compared with April’s $306,230 median price.

- California Association of Realtors

http://www.ccarlive.com/2010/06/25/prices-rise-in-may/