062007 sales meeting

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Good Morning South Park Please quiet your cell phones. Thank You.

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June 20, 2007 South Park sales meeting

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Page 1: 062007 Sales Meeting

Good Morning South Park

Please quiet your cell phones. Thank You.

Page 2: 062007 Sales Meeting

What does the flag mean to you?

Flag2.wvx

Page 3: 062007 Sales Meeting

Welcome John Kindbom

• Candidate for CRRA Treasurer

• Online voting may be done anytime during the voting period which begins at 8:30 a.m. June 30 and runs through 5 p.m. July 26, 2006.

Page 4: 062007 Sales Meeting

Virtual Caravan

Page 5: 062007 Sales Meeting

Rock Stars

• GCI Leaders for May– Teams

1. Binny Orrell Team $ 85,241.63

2. Severs Team $ 41,590.04

3. Lucinda Maples Team $ 30,031.07

4. Papandrea Team $ 27,511.25

5. Bonnie Downey Team $ 22,345.80

– Individuals1. Marian Morton $ 28,262.50

2. Chris Bennett $ 25,292.50

3. Betty Rorie $ 20,413.58

4. Steph Kronen $ 19,560.88

5. Winnsie Apple $ 15,646.98

Page 6: 062007 Sales Meeting

How Are We Doing May YTD?

Metric 2006 2007

Sales Volume $116,389,460 $107,726,741

Units 457 375

Fall Through 34/$7,413,903 45/$11,976,324

Net Volume $108,975,557 $95,750,417

Net Units 423 330

Page 7: 062007 Sales Meeting

How Are We Doing May YTD?

0

10,000,000

20,000,000

30,000,000

South Park Net Sales Volume Comparison

2006

2007

2006 18,699,424 17,172,760 24,766,784 28,789,137 22,373,778

2007 16,826,968 16,704,001 21,099,189 17,405,203 26,132,409

Jan Feb Mar Apr May

Page 8: 062007 Sales Meeting

How Are We Doing May YTD?

0

1,000,000

2,000,000

3,000,000

4,000,000

South Park Fall Through Volume Comparison

2006

2007

2006 550,850 829,530 2,508,104 961,749 1,748,540

2007 2,043,113 3,539,800 2,818,400 495,900 1,954,045

Jan Feb Mar Apr May

Page 9: 062007 Sales Meeting

How Are We Doing May YTD?

Volume South Park Ballantyne

May $26,132,409 $22,089,314

Page 10: 062007 Sales Meeting

How’s the market?

0

1000

2000

3000

4000

CMLS Residential Closings Comparison

2006

2007

2006 2315 2216 3019 2924 3623

2007 2362 2215 3018 2717 3225

Jan Feb Mar Apr May

Page 11: 062007 Sales Meeting

How’s the market?

0

100

200

300

400

500

600

CMLS Townhouse/Condo Closing Comparison

2006

2007

2006 401 330 468 473 580

2007 413 372 544 485 577

Jan Feb Mar Apr May

Page 12: 062007 Sales Meeting

How’s the market?

$180,000

$200,000

$220,000

$240,000

$260,000

CMLS Residential Sales Price Comparison

2006

2007

2006 $211,806 $203,977$213,086 $223,850$230,551

2007 $227,596 $220,638$233,843 $237,055$240,680

Jan Feb Mar Apr May

Page 13: 062007 Sales Meeting

How’s the market?

$0

$50,000

$100,000

$150,000

$200,000

$250,000

CMLS Townhouse/Condo Average Sales Price Comparison

2006

2007

2006 $152,978 $154,677 $166,107 $153,987 $166,611

2007 $174,604 $195,018 $209,253 $172,718 $181,312

Jan Feb Mar Apr May

Page 14: 062007 Sales Meeting

How are we doing within the Charlotte Region?

Office Rankings – Gross Commission Income1. SouthPark2. Lake Norman3. University4. Denver5. Ballantyne6. Rock Hill

REAL ESTATE | MORTGAGE SERVICES | TITLE INSURANCE | RELOCATION SERVICES

Page 15: 062007 Sales Meeting

How are we doing within the Charlotte Region?

Office Rankings – Pendings as a % of Budget1. Denver

2. SouthPark

3. Lake Norman

4. Ballantyne

5. University

6. Rock Hill

REAL ESTATE | MORTGAGE SERVICES | TITLE INSURANCE | RELOCATION SERVICES

Page 16: 062007 Sales Meeting

How are we doing within the Charlotte Region?

• Homeservices Lending capture rate May 2007:1. SouthPark 24%

2. Lake Norman 23%

3. Ballantyne 16%

4. University 8%

5. Rock Hill 0%

6. Denver 0%

REAL ESTATE | MORTGAGE SERVICES | TITLE INSURANCE | RELOCATION SERVICES

Page 17: 062007 Sales Meeting

How are we doing within the Charlotte Region?

• Preferred Carolinas Title capture rate YTD:1. Lake Norman 28.8%

2. Ballantyne 9.6%

3. University 6.6%

4. SouthPark 4.8%

5. Denver 3.8%

6. Rock Hill 0%

REAL ESTATE | MORTGAGE SERVICES | TITLE INSURANCE | RELOCATION SERVICES

Page 18: 062007 Sales Meeting

How are we doing within the Charlotte Region?

• AHS Capture Rate YTD:1. University 23.42%2. SouthPark 21.31%3. Denver 18.75%4. Lake Norman 14.29%5. Rock Hill 10.20%6. Ballantyne 9.61%

REAL ESTATE | MORTGAGE SERVICES | TITLE INSURANCE | RELOCATION SERVICES

Page 19: 062007 Sales Meeting

Announcements:

• Charlotte Business Journal – eEdition• Summer Kick-Off Lunch Thursday, tomorrow• Inspect it and Protect it!

1. Name some typical home inspections?

2. What is the buyer’s first reaction upon finding items in need of repair?

3. What would you do if a home inspection found multiple problems with the systems/appliances in the home you had listed?

4. Think about it:– Placing a warranty on every listing secures offers close to the asking

price – no need to negotiate price when an inspection finds problems.

– Warranties on listings display the integrity of the property.

– Inspections and Warranties offer peace of mind when buying and selling real estate.

Page 20: 062007 Sales Meeting

Make it a great day!

"We are what we repeatedly do." Aristotle