Charlottesville Realtor and Marketing Stats

Continuing my ongoing and inconsistent series on the perceived “agent bubble” …

Of the top-20 Realtors (based on # of transactions) in the Charlottesville market, only one is not involved with either condos or new construction. (#2 is “Non-MLS Agent)

413 have had at least 5 sides.
460 have had between 1 and 4 sides.
About 350 have not had a single transaction so far this year.
226 have more than 10 sides.

Side: either a closed listing or a closed buyer-side transaction.

In my opinion, consistently selling at least ten sides a year should be the minimum when selecting one’s representation.

Regarding marketing with photos:

There are 1,979 Active properties on the market today as of 12/18/2006.*

70 are flagged as having no photo. 385 have only one photo. 1524 are flagged as having more than one picture – a huge improvement over last year.

Only 169 have a Virtual Tour. Wow. While not all properties are suitable for a Virtual Tour, it is reasonable to suspect/expect that certainly more than 8% would be better presented with a tour of the property – both inside and out.

* In Charlottesville, Albemarle, Greene, Fluvanna, Louisa, Nelson

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