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2011 Real Estate at a Glance a Year in Review
There are many reasons why I enjoy helping people with their real estate needs. First and foremost is the deep satisfaction I get from helping them realize their dreams and get through the major transition that accompanies buying, selling, and moving.
That’s why, in my ongoing commitment to providing first-class service, I can confidently say that if I can’t answer a specific home related question you have, I’m a phone call or e-mail away from an expert in my professional network who can.
Everyone wants to know what is happening in our local market and that is why I am sending you this Real Estate Market Update so you will have the facts about what is happening in your market and not just what you hear on the news nationally. Here is a breakdown of sales for 2010 compared to 2011:
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Your Real Estate Advisors Market Update |
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YTD 2010 |
YTD 2011 |
% Diff |
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| New Listings |
556 |
583 |
5% |
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| Sold Listings |
242 |
207 |
14% |
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| Volume of Sold Listings |
$46,977,588 |
$34,965,148 |
26% |
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| Average Sales Price |
$97,464 |
$84,867 |
13% |
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Average Days on Market |
180 |
194 |
7% |
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| List/Sales Price Ratio |
92 |
91 |
1% |
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As you can see, the market is Richmond County was down significantly in 2011. Total sales almost dropped back to 2004 levels which hopefully signals we have reached a bottom and the market will stabilize going into 2012. As you can see from the numbers above, only one in three properties listed are selling, much lower than last year. Days on market only takes into account the listings that have sold, not the ones that never sell. Also, take a look at the list to sales price ratio; homes are selling at 9% below list price on average. What this means is for a home to sell, it has to be priced attractively to even receive an offer.you can see, the market is Richmond County was down significantly in 2
In 2012, we will work even harder to be sure our clients get the best marketing and client services available. We have started our website upgrade and are aggressively seeking new ways to generate referrals to help bring buyers and sellers together.
Thanks to all of our friends, clients, and business partners Exit Realty Platinum is the ONLY franchise in Richmond County that increased sales from 2010 to 2011! Exit Realty was also awarded the Best of the Best Real Estate Company in 2011, thank you again for your support!
A Year in Review with Exit Realty Platinum and the Community:
- Started the Tim and Nicole Hayden Scholarship Fund with RCC
- Corporate Sponsor for Relay for Life
- Holes for Habitat Golf Tournament
- Bowling for Breast Cancer
- Hospice Dancing with the Stars
- Parks and Recreation team sponsors
- Care packages for seniors at Richmond Pines Nursing Home
- Delivered appreciation baskets to RSHS teachers for their commitment to the community
- Donated to the Boy Scouts
I would also like to give a very special thanks to the businesses that help our clients through their advertisements on our moving truck:
- McNeill Surveying and Land Planning
- Mabry’s Drug and Home Care
- Pines Quick Care
- State Farm David Harling
- Hayden Construction Inc
- Rick and Al’s Carwash
Please keep these businesses in mind when you have a need in which they can help.
If you have any questions or want to know how your home value is doing, please give me a call or e-mail me at Nicole@NicoleHayden.com for a no cost, no obligation market analysis or visit my website NicoleHayden.com.
If you know of anyone who would benefit from this information or would like to receive my free market updates, please contact me. In addition if you have given any thought to moving or hear that any family, friends, or work colleagues are, please let me know.
Thank you.
Nicole Hayden
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Buy or Sell with ME and use MY Truck for FREE! |
Nicole Hayden
Exit Realty Platinum
Richmond County NC Real Estate Stats
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In today’s real estate market it comes down to this, a beauty contest. The homes that look good and are priced right will sell while the homes that are priced high by sellers hoping to get an offer so they can negotiate will continue to sit on the market. Did you know Less than half the properties put on the market ever sell. Most people don’t and that is why I am here to help you with your real estate needs.
| Your Real Estate Advisors Market Update | ||||||
| Oct-09 | Oct-10 | % Diff | YTD 2009 | YTD 2010 | % Diff | |
| New Listings | 55 | 47 | -17% | 505 | 488 | -3 |
| Sold Listings | 18 | 13 | -38% | 201 | 208 | 3% |
| Volume of Sold Listings | $1,595,450 | $1,467,918 | -9% | $17,523,507 | $20,324,497 | 14% |
| Average Sales Price | $88,636 | $112,917 | 22% | $87,182 | $97,714 | 11% |
| Average Days on Market | 244 | 107 | -128% | 172 | 173 | 1% |
| List/Sales Price Ratio | 84% | 96% | 13% | 90% | 92% | 2% |
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