2013 RE/MAX vs. The Industry Report is Here!

The 2012 numbers are in, and once again RE/MAX agents have outproduced the competition.

RE/MAX vs. the Industry Report released today, RE/MAX agents in the U.S. closed 828,960 residential transaction sides in 2012. The nearest competitor? Just 663,826.

RE/MAX also led in national advertising, website visits and global reach. 

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RE/MAX Destiny in the News!

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RE/MAX Office Coming to Church Site

By John Ruch of the JP Gazette

HYDE SQ.—A RE/MAX Destiny real estate office is coming to a storefront on the former Blessed Sacrament Church complex at 363 Centre St., possibly as soon as May.

“What’s happening in the Hyde Square area is amazing,” said RE/MAX Destiny’s Juan Murray, referring to development in the area. “We’d like to be part of that.”

RE/MAX Destiny is a full-service real estate franchise that is a branch of an existing office in Cambridge. Its services will include sales representing both buyers and sellers, rentals, commercial transactions, property management and investment property consulting.

RE/MAX Destiny was the company marketing the storefront in the recently built mixed-use building at Centre and Creighton Streets before deciding to become the tenant itself.

“We were marketing the space and one day it dawned on us, what a great neighborhood and what a great space,” Murray said.

He added that Jamaica Plain has always been a great real estate market due to its good quality of life, though “it can be frustrating for buyers” because of the high demand.

 

RE/MAX Commercial Builds on Success: Adds Divisions, Records More Transactions, Volume in 2012

PrintDENVER, CO – RE/MAX Commercial experienced impressive growth in 2012 as the commercial real estate market continued to improve. Around the world, RE/MAX Commercial Practitioners were involved in more than 20,400 transaction sides, an increase of 8.4 percent over 2011. And, the 2012 sales volume for RE/MAX Commercial was $7.043 billion, up 17.4 percent from the year before.

“The growth we’ve seen is a tribute to our practitioners, who’ve been working hard in the commercial sector to deliver outstanding service and measurable results to their customers,” said Mike Reagan, RE/MAX Senior Vice President, Business Alliances. “The tools and resources RE/MAX offers gives them a solid foundation and they’ve built on that, finding outstanding success in their local markets.”

In 2012, RE/MAX Commercial grew to 439 offices and divisions, with 3,000 commercial practitioners in 45 countries. RE/MAX Commercial Practitioner Wayne D’Amico is the 2013 president of the Certified Commercial Investment Member Institute (CCIM), the fourth RE/MAX Commercial Practitioner to hold the office in the past 10 years.

In November 2012, RE/MAX launched the first RE/MAX Commercial website, www.remaxcommercial.com, and in just five months, the number of commercial listings has grown to more than a quarter million. The site positions RE/MAX Commercial Practitioners as the go-to choice for buyers, sellers, landlords, tenants, brokers, bankers, municipalities and other potential clients. It features industry hot topics, research and an advanced search feature that gives the commercial consumer the power to not only find properties, but to locate commercial practitioners in their local markets.

The success of RE/MAX Commercial has not gone unnoticed. In 2011 and 2012, RE/MAX Commercial was ranked in National Real Estate Investor (NREI) magazine’s Top 25 list of commercial brokerage networks. In 2013, for the second year in a row, RE/MAX Commercial ranked on the list of the Top 25 Commercial Real Estate Brands in the Lipsey Company Survey.

RE/MAX Commercial will hold its sixth annual World Commercial Symposium, September 18 – 20 at RE/MAX Headquarters in Denver, Colorado. Each year, the Symposium brings together the best and most productive commercial practitioners in the RE/MAX network.

As part of the RE/MAX system, brokers and commercial practitioners have access to comprehensive professional training from the award-winning, on-demand RE/MAX University, as well as technology resources like LoopNet, Trepp Loan and REI Wise Investment Analysis.

For more information about RE/MAX, please visit www.remaxcommercial.com or www.joinremax.com.

 

RE/MAX Celebrates More Than $128 Million in Total Donations

Agents and Offices Donate Over $8 million in 2012

DENVER – As a proud partner of Children’s Miracle Network Hospitals®, RE/MAX, LLC has made a mark – an $8.2 million mark – in contributions to the nonprofit organization over the past year alone.

The partnership between RE/MAX and CMN Hospitals developed in 1992 and has grown continuously since. To date, RE/MAX agents have donated more than $128 million to help fund life-saving treatments with advanced medical equipment, cutting-edge research and continuing education.

“More than 20 years ago, we aligned with an organization that shared the same deeply rooted value of family,” said Gail Liniger, RE/MAX Co-Founder and Vice Chair. “The millions of families our agents have helped Children’s Miracle Network Hospitals reach is beyond what we ever imagined.

”RE/MAX has grown to be one of the leading real state franchise companies with nearly 90,000 agents and a global reach of more than 85 countries. To accommodate the interest in helping sick and injured children across the U.S. and Canada, the RE/MAX Miracle Home® program was launched in 1992. Later, a Miracle Property® program was established for RE/MAX Commercial Practitioners.

In 2011, Dave and Gail Liniger received the Children’s Miracle Network Founders Award. Only six other individuals had received the award, which recognizes North America’s greatest leaders, ranging from CMN Hospital board members and CEOs to fundraising experts.

Last year, RE/MAX and CMN Hospitals designated August as the RE/MAX Month of Miracles. While donations are made year-round, this particular month serves as a reminder to homebuyers and sellers that they can help make a difference too; participating RE/MAX agents will make a donation to CMN Hospitals for each home sold.

“RE/MAX Miracle Agents are exceptional because they incorporate the spirit of giving into each business transaction, raising funds year-round,” said John Lauck, President and CEO, Children’s Miracle Network Hospitals. “Our hospitals are benefiting tremendously from the $8.2 million raised in 2012, and we’re thrilled to start our 30th year on a high note.”

Earlier this month, Children’s Miracle Network Hospitals® announced a benchmark year reaching its 2012 goal of $300 million. With record-breaking contributions, a celebration was held at the CMN Hospitals headquarters in Salt Lake City. And, as promised a year ago, Lauck shaved his head in honor of the accomplishment. Overall, Children’s Miracle Network Hospitals® has raised $4.7 billion for children and their families.

For more information about RE/MAX and its partner organizations, visit
www.remax.com.

David Lilley Joins Our Team

We are pleased to announce that David Lilley has Joined RE/MAX Destiny.

David began his real estate career in 1981 and quickly became a consistent market leader.                                     His career is quitelilley_david impressive and covers all areas of real estate including development, residential sales and marketing, property management, and real estate finance. In addition to providing a wealth of experience to his clients, David has consistently earned the industry’s top awards for sales performance including; The Exemplar Society Award, Coldwell Banker Diamond Society, which is exclusively awarded to the top 8% of CBRB agents worldwide.

David attended the University of Massachusetts and has completed programs at Harvard Graduate School of Design in Real Estate Development, Northeastern University for Construction Supervision, and he also holds an active Massachusetts Construction Supervision License. David is a lifelong learner and has earned the following Realtor designations: Certified Residential Broker-CRB, Graduate Realtor Institute – GRI, Certified Residential Broker-CRB, and the National Association of Realtor’s Green Designation.

“ It is so exciting to be working with David once again. In thinking back to my formative days in real estate I now realize just how much of an impact he had on my own career. He is a great addition to our team bringing infectious positive energy, wit, humor and unmatched skills, experience and knowledge,” said Broker Owner Paul Turcotte.

Cambridge Condo Trends – February 2013

Cambridge Condos February 2013
Sold condos divided by condos for sale shows % of market sold for the month. Absorption rate = how long to sell the inventory based on the % sold for that month.

Cambridge Summary: Inventory remains lower than a year ago by 14%,a real challenge for buyers. Demand remains high and inventory low. ~ Condo for sale market value is flat, down 0.2% at $61.5  million in condo listing volume. ~ The median list price rose 6% with the  days on market dropping 32% or by 44 days before going off market. ~ Condos that went under agreement for the month are up 20%.

Cambridge condo sales 2.13

Cambridge condo sales, month to date, are down by 26% whereas the year to date is up by 5%. Sold market value is down 14% to $9,027 million in sales.  The average sale price was up 16% to $531,000 ~ Multiple offers and quick sales put the original price to sale price at 100%. ~ The average square foot price in February was $516 per square foot up 11%  from last year.

Somerville Condo Trends – February 2013

Somerville Condos 2/13
Sold condos divided by condos for sale shows % of market sold for the month. Absorption rate = how long to sell the inventory based on the % sold for that month.

Somerville Summary: February condo inventory is at record lows, down 42% from a year ago. ~ Listing market value was down by 33% to $26,212,000 in value. ~ The median list price increased by 19% with the active days on market shrank 56% or 37 days. ~ Condos going under agreement were down 16% from a year ago.

Somerville Condo sales chart 2/13 2.13

 

The number of condos sold in February were the same, which resulted in a 13% increase year to date. ~ Somerville sold condo market value went up 31% to $15,312,350. ~ The average sales price was up 29% at $487,855. Days on market improved 37% by 41 days. The original price to sale price ratio was at 99% of original list price due to competitive bidding. ~ The average square foot price was $359, up 7% per square foot with the living area increasing by 66 square feet.