Will Sell Homes for Food
2009 was a tough year for Florida Realtors®. 2010 has not been much better. But 2011 will be a year of positive trends.
Palm Coast, FL – December 20, 2010 – Florida’s Realtors® had a tough year in 2009 according to the National Association of Realtors®. Florida Realtors averaged only 3.2 existing home sale transactions each in 2009. Alaska Realtors led the list with 15.7 transactions each while Hawaii Realtors took last place with 2.2 transactions each. The list was compiled by dividing the number of existing residential home sales by the number of Realtors.
Number of Existing Residential Homes Sales per Realtor – 2009
Source: National Association of Realtors
Flagler County Association of Realtors reports 1,440 single-family homes sold in the county during 2009. There are approximately 850 to 900 Realtors in the association. The 2009 median home selling price in Flagler County was $137,500. At the peak of the market, the median selling price for Flagler homes was $259,950. There were 2,914 Flagler homes sold in 2005. The total dollar value of homes sold in 2009 represents a 69% drop from the 2005 sales volume. Commissions earned by Realtors would have been off by 69% in 2009 as well. Most Realtors are independent contractors, earning commission as a percentage of the dollar amount of each transaction.
I’ve been telling people recently that I have combined three strategies to rebuild my depleted retirement account. They are:
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My weekly Wednesday night poker game
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My weekly lottery ticket
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My real estate license
Fortunately, I think the worst is behind us. The recovery will be gradual but 2011 will be a year of positive trends.
As we experience this holiday season and prepare to say goodbye to 2010, I wish all my readers a Merry Christmas and a Happy New Year. GoToby.com has grown to nearly 2,500 daily visits. Visitors come not only from Palm Coast, but also from every state and over 65 countries monthly. 42% of GoToby visitors are from outside Florida. Thank you.
Regardless of your faith, I hope the following video will make you smile. On November 13, unsuspecting shoppers got a surprise as they ate their lunch in the food court.
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