For those experiencing financial hardship during this emergency, we've compiled a few resources for you:
Coronavirus (COVID-19) effects on Twin Cities Real Estate Market
As everyone struggles to determine the impact of the dramatic governmental actions taken to slow the spread of the coronavirus, our professionals have been working hard to serve home buyers and home sellers in the safest way possible. We've offered resources to our buyers and sellers alike, to help them navigate this uncharted territory.
While it may be too early to tell the longer-term impacts this will have on the Minneapolis and Saint Paul area real estate market, there are some telling statistics as it relates to the market and its health today.
According to information gathered from NorthstarMLS this morning (3/19/2020), homes are still being listed, shown, and sold at a solid rate. In fact, as of 3/17/2020, the number of showings taking place nationally are still 13% ahead of last year on the same date according to ShowingTime. It does appear that showing activity is trending downward, however.
Another metric we've honed in on is "back on the market" listings, which represents listings that were off market (pending, temporarily not available) and then placed back in Active status.
Here are the raw statistics gathered this morning:
Changes to Pending status:
Back on Market:
If you'd like help applying this information to your current housing situation, please contact one of our agents today.
Stay safe out there!
2016 was a record year for RE/MAX Professionals and we had a great time celebrating at our annual Holiday Party & Awards Celebration. The brokerage was named one of the top 30 brokerages in the Twin Cities, based on units sold. The total number of transactions were up 11.3% in the past year. Total volume increased 25.6% to $132 million over the past year, and our per agent productivity increased to 19 transactions. This led to RE/MAX Professionals being ranked #4 RE/MAX brokerage in Minnesota based on units sold.
RE/MAX Professionals could not have done it without our outstanding associates. RE/MAX Professionals inducted a total of 8 members into the Executive Club in 2016. The Executive Club level is the sixth highest international honor for sales in a single year. Only 20% of more than 1,700 RE/MAX INTEGRA, Midwest associates in Minnesota achieved the Executive Club level in 2016. The recipients were Perry Abel, Andy Calton, Brittney Dahl, Elisa Eesley, Charlene Foltz, Dan Harrison, Tony Khambata, and Jeff Nivala Jr.
RE/MAX Professionals inducted a total of 8 members into the 100% Club in 2016. The 100% Club level is the fifth highest international honor for sales in a single year. Only 30% of more than 1,700 RE/MAX INTEGRA, Midwest associates in Minnesota achieved the 100% Club level in 2016. The recipients were Caroline Anderson, Anne Clancy, Justin Culley, Justin Fox, Hollie Hernandez, Aundrea Paskett, and Amy Zuccone.
RE/MAX Professionals inducted a total of 3 members into the Platinum Club in 2016. The Platinum Club level is the fourth highest international honor for sales in a single year. Only 9% of more than 1,700 RE/MAX INTEGRA, Midwest associates in Minnesota achieved the Platinum Club level in 2016. The recipients were Jonathan Lindstrom, Thad Rich, and Mike Vizenor.
RE/MAX Professionals inducted 1 member into the Chairman's Club in 2016. The Chairman's Club is the third highest international honor for sales in a single year. Only 1% of more than 1,700 RE/MAX INTEGRA Midwest associates in Minnesota achieved the Chairman's Club level in 2016. Our very own Mark Mason was the recipient of this award in 2016.
In addition to being named into the Chairman's Club, Mark Mason was also inducted into the Hall of Fame in 2016, a significant milestone based on sales volume with RE/MAX. The Mason Team was awarded the top team at RE/MAX Professionals in transactions, completing 90 transactions in 2016.
Anne Clancy was awarded the On Fire award which is awarded to the individual or team that had the largest increase in production over the year prior. Anne had a 109.6% increase in volume for a total of 9 million in production.
Brittney Dahl was also presented with the On Fire award for the largest increase in transactions over the year prior. Brittney had an 85.7% increase in transactions.
Thad Rich was named the #1 individual agent at RE/MAX Professionals in volume and transactions with 12.1 million in volume and 43 transactions.
The Jonathan Lindstrom Real Estate Group was named the #1 team in Volume with 22.3 million in sales volume.
When asked about the success of his agents, broker and owner Justin Fox had this to say, "RE/MAX Professionals continues to be home to the most productive, independent real estate entrepreneurs. We continue to support productive real estate professionals with progressive leadership and technology. We're thrilled to recognize our associates on their outstanding achievements this year."
Congratulations to all of our award recipients in 2016. Their hard work and service-first attitude shows.