state of market ppp

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Weichert.com received a record-setting 5.1 million visits in April.* The site ranked 15th out of the top 2,000 real estate websites last month, up from 16th in March.* Ranked third among real estate brokerage websites, above many of our national real estate competitors.* *Experian Hitwise Most Popular Websites in Real Estate - Month of April 2011 Converting Leads, One at a Time

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Page 1: State of market ppp

Weichert.com received a record-setting 5.1 million visits in April.*

The site ranked 15th out of the top 2,000 real estate websites last month, up from 16th in March.*

Ranked third among real estate brokerage websites, above many of our national real estate competitors.*

*Experian Hitwise Most Popular Websites in Real

Estate - Month of April 2011

Converting Leads, One at a Time

Page 2: State of market ppp

From April 4 through May 1, 2011,44,248 guests attended

Weichert Open Houses companywide.

Let’s continue to work hard at getting “feet in the house.”

Open House Traffic

Page 3: State of market ppp

From May 2 through May 29, 2011,34,162 guests attended

Weichert Open Houses companywide.

Let’s continue to work hard at getting “feet in the house.”

Open House Traffic

Page 4: State of market ppp

Renewed Buyer Interest

Open House Traffic

Increasingand growing!

We had a total of 122 Guests attend our Open Houses this past weekend! 326 Guests total the past 2 weekends!

Schedule yourself for an OH this weekend!

Page 5: State of market ppp

Our Open Houses

Open House TrafficWe averaged 5 (4.97) People per

OH this past weekendStanton St in Clark – 16 ProspectsHighview in Woodbridge – 14 ProspectsSarah Ct in Edison – 9 ProspectsCarolyn Ct in Colonia – 8 ProspectsBaldwin Rd – 8 ProspectsKensington in Piscataway – 7 ProspectsMidwood Wy in Colonia – 6 ProspectsMt. Pleasant in Edison– 4 ProspectsDeri Wy in Edison – 4 Prospects

Schedule yourself for an OH this weekend!

Page 6: State of market ppp

Our Open Houses

Open House TrafficWe averaged 5 (4.97) People per

OH this past weekendCoan in Metuchen – 4 Prospects

Jackson Ave in Parlin – 4 Prospects

Osprey Ave in Old Bridge – 4 Prospects

Filmore in Carteret – 4 Prospects

Mercury in Colonia – 4 Prospects

Ireland in Edison – 4 Prospects

Schedule yourself for an OH this weekend!

Page 7: State of market ppp

Edison Open House Weekend

Open Houses = Listings and Leads Get ready now for this event!

June 25-26th

Page 8: State of market ppp

Date: Saturday, June 25, 2011

Time: 10:30 AM

Location: Weichert Edison Office Mtg Rm

Guests: Local Attorney, Home Inspector, Gold Service Manager

Please reach out to all your leads and prospects to invite them to this informative and educational seminar!

Next Home Buyer Seminar

Page 9: State of market ppp

Company News

• May was Weichert’s best month in a full year.

• The first business day after Memorial Day was our best single day in more than a year.

• The first weekend of June was our best Open House weekend since April 2010.

Page 10: State of market ppp

Local Market Update

Edison: 7.92Last week: 7.8

Woodbridge: 8.01Last Week: 7.2

Page 11: State of market ppp

Local Market Absorption - Edison

Price Range Absorption Rate

Less than $300k 7.18 (Act-115,UC-16)

$300,000 - $400,000 6.125 (Act-98, UC-16)

$400,000 - $500,000 9.71 (Act-68, UC-7)

$500,000-$600,000 11.4 (Act-57, UC–5)

$600,000-$700,000 7 (Act-14, UC–2

$700,000+ 12 (Act-48, UC-4

Page 12: State of market ppp

Local Market Update

• 87 Closings in the past 30 days in our Market area

• Average sale price $306,388

• Weichert, Edison had 11% Market Share

• Weichert, Realtors had 21% Market Share

*Information obtained from Middlesex Multiple Listing Service as of 06/14/2011

Page 13: State of market ppp

Local Market Update

• 1380 Single Family Homes have sold in the past 6 Months in Middlesex County (310 Sold by Weichert, Realtors)

• 3147 Single Family Homes have sold in the past 12 Months in Middlesex County(696 Sold by Weichert, Realtors)

• 1 out every 5 homes in Middlesex County are sold by Weichert, Realtors

*Information obtained from Middlesex Multiple Listing Service as of 06/14/2011

Page 14: State of market ppp

Tuesday, June 28, 2011

Immediately following Sales Meeting

Office Group Photo

Page 15: State of market ppp

Caravan Information