Archive for the 'Summit Realty Group News' Category
March, 2013 –For the last two years, the Luxury Market Snapshot was published, examining the performance of this locally important market sector for 2010 and 2011. This month we’ll take a look at the luxury market for 2012 and look for trends.
Our definition of “Luxury Market” properties is single family homes in Western Nevada County that have sold for over $500,000. We have also limited total acreage to 40 or less.
Our community has become a destination for both second home buyers and retirees over the last couple of decades, due to the many factors that make it stand out among rural markets.
The overall market for 2012 included a total of 1266 sales, compared to 1056 for 2011 and 916 for 2010, while our luxury market was 83 in 2012, 78 in 2011 and 83 in 2010. This is approximately 6.5% of the overall 2012 market in units, down from 9% in 2010 and 7% in 2011.
In our previous discussions of the general market, we have noted that the portion of distressed sales is the strongest driver of price declines. Distressed sales are both Short Sales and REO (bank owned property) sales. The general market in Nevada County during 2009-2010 was running from 30-45% distressed sales in 2009 to a fairly steady 50% in 2010 and 2011, in unit volume. For 2012, the general market level of distressed sales has fallen below 40% and continues to fall in 2013.
By comparison, the luxury market was 21% distressed sales during all of 2010, dropping to 19% in 2011 and only 12% in 2012.
When we look at comparative prices, we need to choose a standard of measurement, and for this purpose, dollars/square foot of living space is appropriate. We’ll express it as $/sf.
For the overall market in 2010, the approximate average price of a single family home was $159/sf. In our luxury market segment, it was significantly higher, at around $214/sf. For 2011, the luxury market was $194/sf, compared to $137/sf for the general market. In 2012 the overall market was $138/sf, while the luxury segment was $212/sf.
Another key measure of market performance is “days on the market” or DOM. In the overall market, the average DOM for 2010 was in the low-mid 90s all year. For 2011, there was a spike to 118 in the first quarter, followed by a quick return to around 90. By the end of 2012, this had fallen below 80 DOM. In general, this measure of the market has recovered to “normal” levels.
By comparison, in our luxury market, the average DOM for 2010 was 117, rising to 140 for 2011, and back down to 124 for 2012. This is approximately 30-50% longer than the overall market, which is also fairly typical for this segment.
|Lux Sales||83 (9%)||78 (7%)||83 (6.5%)|
|Total % Distressed||50||50||40|
|Lux % Distressed||21||19||12|
Overall, the luxury market in Western Nevada County is holding up better than the overall market, and as in any market, homes in the best condition that are accurately priced are selling quickly!
Paul Sieving is a Realtor® with Summit Realty Group, a former Director and MLS Chair of NCAOR, was Board Chair of the Grass Valley Chamber of Commerce in 2004, and has served our community as a real estate professional for 13 years. Comments, questions and thoughts are welcome at [email protected] or (530) 274-0906. www.PaulSieving.com
Summit Realty Group is honored to announce that 5 new agents have joined us in January and February, 4 from NCAOR and one from Lodi Association of Realtors. From Lodi AR, please welcome Sandy Manhoso to the Summit team. And from Nevada County, we welcome Debra Pauline, Liliana Murphy, Barbara Slavonic and Wayne Buti. In Nevada County, this brings our total membership to 8, with our broker John Manno, Dennis Barry, Bill Stigall and Paul Sieving.
Our Mission is to be at the forefront of the ever-changing real estate industry by implementing new and resourceful ways to buy and sell real estate. Summit Realty Group is leading the way in cloud-based virtual real estate and our “mobile agents” are held to a higher company standard of facilitating every transaction with professionalism and compassion for their clients. We strive for excellence and our goal is to provide our vendors, partners and clients the best possible solutions for their real estate needs.
Our 4 100% commission programs are leading the industry in the transition from the traditional “brick and mortar” business model to the new model of truly virtual real estate practice. The “free” marketing, training and support that traditional brokerages offer in exchange for 20-40% of your commission, a 6-8% royalty fee and “advertising” and “education” fees are truly free with SRG. Are you ready to be free of the traditional definition of “free”?
We extend an invitation to agents who recognize that SRG is leading the way to the future of real estate to join us and see what the excitement is all about. Visit www.summitrealtygrp.com
Paul Sieving is a Realtor® and Northern CA recruiter with Summit Realty Group-Virtual Brokerage, a former Director and MLS Chair of NCAOR, was Board Chair of the Grass Valley Chamber of Commerce in 2004, and has served our community as a real estate professional for 14 years. Comments, questions and thoughts are welcome at [email protected] or (530) 274-0906.
Summit Realty Group announces the appointment of Paul Sieving as Regional Manager for the Sacramento & Nevada County Area’s
Summit Realty Group is pleased to announce the appointment of Paul Sieving to oversee the Sacramento & Nevada County regions of Northern California for our expanding full service cloud based 100% commission brokerage. Paul brings a strong real estate and management background to our team and will be responsible for executing corporate strategies, agent growth and brand development. Paul has strong ties within the community and currently serves on the NCAOR MLS and Legislative committees. Additionally, Paul writes the monthly Real Estate column for the Nevada City Advocate, one of the local newspapers and his colleagues at Nevada County Association of Realtors® have recognized him for his commitment to raising the bar of service for members and their clients. With over 13 years of real estate experience Paul’s commitment should have a continued positive impact on our ability to further grow our brand, business and market presence.
Summit Realty Group is a cloud based 100% commission brokerage offering agents better solutions to support and grow their business by having an all-in-one marketing platform, E/O Insurance, Summit Realty Group Network (Company Social Media Platform), outstanding marketing & broker support and the industry’s 4 leading 100% commission programs – plus much much more! We look forward to hearing from you soon…….
Email Marketing Made Simple
If you plan to market your business using email, you need to know a little about email marketing and how it works. You must find a way to avoid the spam filter but also keep youremail marketing campaign effective. Read on to get more great advice on email marketing.
It is very important that when a customer chooses to opt-out of your email marketing campaign, you recognize this and stop sending them emails as quickly as possible. Continual emails to a customer who has opted out, may cause them to feel disrespected and that can harm any email marketing campaign.
Make sure you add a personal touch to your email marketing campaign; they will love the personal attention. Nothing turns off your reader more quickly than a letter that reads like it is just a form intended for the masses. Go beyond just adding their first name! The information you collect at the time of signup should include the location from which they signed up, as well as the reason they signed up. This kind of information can be folded into your email and also instills a proper email marketing campaign.
The more personalized the emails you send your customers are, the more likely they will be to buy from you again. A good email marketing campaign will inform them of exclusive offers and promotions. Send out emails about products they may find enticing. If a reader has already bough
Make sure your emails contain interesting content, there’s nothing worse than a boring or dry email marketing campaign. As well as offering sale items, don’t forget to include useful information into your email marketing strategy. Send subscribers information they can’t find on your site. Also give them deals on whatever products and services you sell. Also send emails to offer bonuses and best wishes for the holidays. Sending emails only when you want to promote a product is short-sighted and can quickly diminish any hopes of an effective email marketing campaign.
It’s Really Not So Hard To Have Successful Email Marketing
As you can see from the article above, the advice given will help your email marketingcampaign be successful, but that is only true if you stick to it. You can improve your bottom line more quickly with this solid advice on email marketing in any running campaign or future project that your have in mind.
Source: Kenneth Johnston
Trending up: short sales outside foreclosure
About 29 percent of all Florida home sales during late summer and early fall were short sales granted when the homeowner was not yet in foreclosure, according to a new RealtyTrac measure of non-distressed short sales. That’s an increase of 32 percent from the previous year.
In Palm Beach, Broward and Miami-Dade counties, 21 percent of sales were of properties where the owner was not in foreclosure, but owed more to the bank than the home was worth – a 49 percent annual increase. The difference between the sale price and unpaid mortgage balance in South Florida was an average of $106,712.
Daren Blomquist, RealtyTrac vice president, said this is a new trend that reflects recent federal changes that expand what can be considered a financial hardship and attempts to streamline the short sale process. It’s also likely that banks are more reluctant to file a foreclosure, hoping to avoid years-long foreclosure proceedings in court.
“We’re hearing a lot more about short sales happening outside of foreclosure,” Blomquist said. “Everyone is celebrating that foreclosures are down, which is good, but a lot of the reason for that is distressed homes are being disposed of further upstream.”
Source- Florida Realtors
Summit Realty Group has the industries best 100% commission programs and has developed unique opportunities for real estate agents looking to grow their business by creating a team. Our platform is ideal for an agent looking to create a team or for the agent already with a successful team but too remain competitive is now looking at 100% commission brokerages to support, maintain and grow their business. So if you are an real estate agent and are looking for better career or team opportunities then Summit Realty Group may be just what you have been looking for. Summit Realty Group is The Future of Real Estate.
The Holiday Season is a Good Time for a Change for Florida Real Estate Agents.
The Florida Real Estate market has a tendency to slow down during the Holiday Season and into the new year. This is actually the best time to make a decision to change brokerages especially if you are not satisfied with the amount of commissions you receive when closing a deal with your current broker.
There are a large percentage of real estate agents that are now considering changing to a 100% commission brokerage that better suite their business much like Summit Realty Group. We are a full service real estate brokerage offering the best marketing and tech solutions, support and 100% commission programs but in a streamlined efficient platform. Summit Realty Group Florida recognizes the difficulties that confront today’s successful real estate agents and is ready to answer all your questions, exceed your challenges and help you through this process of making a career move.
My name is Michael Bradford and I am Summit Realty Group Florida State Manager/Broker. I know and understand the difficult challenges that face you today much like I had to face myself – that is why I am at Summit Realty Group. But once you do, you can take a big sigh of relief that you now have the ability to truly experience the entrepreneurial spirit (why you became a real estate agent in the first place) by joining Summit Realty Group. By having the benefit of choosing one of our 4 industry leading 100% commission programs you will be able to invest back into your business, build your brand while having better control over the decisions that effect you and your family. Don’t you want to start controlling your costs and destiny?
Tell me about your last transaction and I will show you how much you could have saved working with Summit Realty Group Florida. Also, Join us in December and we will waive your first transaction fee. That means that you can sign up for free and keep all of your first commission.
Remember that December and January are great times to change to a company that lets you keep and use your commission by choosing one of our 4 industry leading 100% commission programs.
Summit Realty Group is the fastest growing 100% virtual real estate brokerage offering the best tools, tech solutions, support and 100% commission programs in Florida, California, Texas, Colorado and Washington. Don’t you want more from your broker while choosing one of our 100% commission programs that best suites your business? At Summit Realty Group our agents get free websites, free IDX, free lead generation and free contact management along with many other tools, resources and a visionary plan that is leading our agents into the future with a strong footing and a competitive edge. We look forward to helping your real estate needs in the future. Summit Realty Group is a full service real estate brokerage offering the best 100% commission programs, marketing platform and support and is “The Future of Real Estate.”
- RESAAS Services, Inc., an enterprise social networking platform for real estate professionals, mortgage specialists as well as home buyers and sellers, is pleased to welcome Summit Realty Group to the RESAAS platform.
Summit Realty Group is a full-service 100% commission brokerage specializing in residential real estate throughout the U.S. The group was founded on the principals of developing an eco-friendly, paperless virtual platform for conducting real estate business. Summit Realty Group is an extremely efficient 100% commission brokerage for real estate agent’s that promotes a positive and uplifting real estate business culture on top of world class agent support.
“We are very excited to be working with an innovative agency like Summit Realty Group and are glad to be included in their industry leading suite of tools for real estate agents,” said Michael St. Hilaire, Chief Operating Officer at RESAAS. “Their forward thinking team immediately saw the value of how RESAAS can make their agents even more collaborative.”
Not only will Summit Realty Agents have their own corporate branded agent pages on RESAAS, but the firm will also have a Summit Realty News page in order to remain in constant contact with their network on the RESAAS platform. “Summit Realty Group is delighted to be working with RESAAS, as both companies see the value of the platform and the progressive trend of business social networking,” said John Manno, Corporate Broker and Managing Partner at Summit Realty Group. “Summit Realty Group is convinced business social networking is the future of procuring real estate transactions and sees how RESAAS will enable their Agents to do business in such a manner.”
About RESAAS SERVICES, INC. RESAAS is an enterprise social networking platform designed specifically for real estate professionals, mortgage specialists as well as home buyers and sellers to connect and communicate in real-time.
This news release is not an offer of the securities for sale in the United States. The securities
being offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements.
On Behalf of RESAAS
Corporate Communications Executive
RESAAS Services, Inc.
Telephone: (604) 558-2929; Email: [email protected]
RESAAS Services, Inc.
Telephone: (705) 888-2756; Email: [email protected]
The CNSX has not reviewed, nor approved or disapproved the content of this press release.
This press release includes forward-looking information within the meaning of Canadian securities legislation, concerning the expected functionality of RESAAS’s technology platform following its launch. The forward-looking information is based on certain key expectations and assumptions made by RESAAS’ management, including finalizing the design and development of the technology platform. Although RESAAS believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because RESAAS can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and RESAAS disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
Location: Ticor Title – Mission Valley
2878 Camino Del Rio South, Suite 500
San Diego CA 92108
The creators of RESAAS.com will be talking about how this FREE real estate agent only social networking site can help you with branding, listing exposure, and more! Plus Summit Realty Group managers will be present to answer questions about programs and marketing systems. Hope to see you there!