Here is my prediction, spun two ways -
15% of Realtors will choose not to renew their licenses.
or
85% of Charlottesville Realtors choose to persevere through 2008.
(I’m planning and planning to be one of them)
On January 3 2008, looking back at 2007:
- 168 Realtors had at least 10 transactions.
- 190 Realtors had at least 5 sides.
- 183 had only one side.
- Approximately 400 had zero transactions in 2007 (about 800 had at least one).
228 had at least 10 transactions.
407 had at least 5 transactions, or sides.
About 350 had zero transactions in 2006.
873 Realtors in the Charlottesville Area Association of Realtors had at least one “side” in 2005.
501 had at least 5 sides. Of the top 10 agents, 6 of those 10 sold primarily condo conversions or new construction.
**If one were to take out the agents that did primarily new construction or condo conversions, the numbers would be much different - the top 6 agents actually fall into this group.
The numbers of Realtors in the Charlottesville area is certain to decline in 2008. One simply cannot make a living on so few transactions per year.
Technorati Tags: real-estate, realtor
If you're new here, you may want to subscribe to my RSS feed or sign up for Email Alerts. This blog tracks the real estate market in the Charlottesville, Virginia region, local politics, technology and other matters impacting the local real estate market. Thanks for visiting!
{ 1 trackback }
Comments on this entry are closed.