Archive for the ‘Real Estate News’ Category

The housing market for Kent County Delaware from 2000-2009

Thursday, November 19th, 2009

Homes on the Market
Between, January 2000 to December 2005 the lowest number of homes on the market was in March 2004 for a total of 622 and it’s highest of 851 in November 2005. That’s an average of 675 homes on the market monthly, over a 5 year span.

In January of 2006 homes begin to climb from 916 to its all time high in August 2009 to 1883. That’s an average of 1567 homes on the market monthly, in a 46 month span. That’s a 232% average increase of homes on the market.

Homes Pending
January 2000 to December 2005 the lowest number of homes pending was in Dec 2000 for a total of 81, to a high of 262 in April 2005. That’s an average of 163 homes pending monthly and a 24% average of listings pending monthly over a 5 year span.

January 2006 to present, lowest number of homes pending was in Dec 2008 for a total of 51, to a high of 230 in March 2006. That’s an average of 139 homes pending monthly and a 13% average of listings pending monthly over a 46 month span.

Homes Sold
January 2000 to December 2005 the lowest number of homes sold was in Jan 2000 for a total of 56, to a high of 268 in August 2008. That’s an average of 158 homes sold monthly and a 23% average of listings sold monthly over a 5 year span.

January 2006 to present, lowest number of homes sold was in Jan 2009 for a total of 58, to a high of 234 in June 2006. That’s an average of 135 homes sold monthly and a 9% average of listings sold monthly over a 46 month span.

Housing Market in Kent County?

Sunday, March 8th, 2009

In January 2007 Trendmls reported that there were 135 closed settlements with an average sales price of $238,000 and the average sales price to offer price was 96.73%. In January 2008 there were 74 settlements with an average sales price of $235,00 and average sales price to offer price was 94.78%. In January 2009 there were 54 closed settlements with an average sales price of $212,000 and average sales price to offer price prices was 91.63%. To learn more about about these market stats, click here.

Keller Williams Becomes The Third Largest Real Estate Company

Thursday, March 5th, 2009

On March 4, 2009 Keller Williams announced that they surpassed RE/MAX to become the third largest real estate franchise in the United States. With 72,794 associates at the end of 2008. Mark Willis the CEO of Keller Williams Realty stated, “The success of Keller Williams Realty can be directly attributed to the hard work and perseverance of our associates and the soundness of our economic and organizational models. While others may be looking at this market and seeing fear and uncertainty, we have always approached it as our opportunity to shine and grow. And that mindset has paid off. We are so grateful for all the leadership and commitment our associates have shown to power through this shift.”

The company has been outpacing downward trends over the past three years. Between 2006 and 2008 Keller Williams increased the number of associates by 52%, market share by 83% and it shared over $30 million dollars in profits with its associates. Learn more go to http://www.kw.com/kw/