WRAR Broker Briefing Weekly Email Newsletter

MONDAY, APRIL 28, 2014

 TOP NEWS 

YOUR LOCAL REAL ESTATE MARKET ANALYSIS: 
1st Quarter 2014 Progress Report by Zip Code 
When analyzing ten major zip codes in our region - 28403, 28405, 28409, 28411, 28412, 28451, 28480, 28428, 28449, and 28443 - an average of the zip codes shows for the first quarter of 2014:
  • Our average sales price has increased by 3.2% from first quarter 2013
  • Of the 887 sellers in first quarter 2014 - 31.3% paid some sort of concession toward the purchase of the house.
  • Our list to sales price ratio for first quarter is 95.52% a decrease from 95.96% for first quarter 2013.
  • The average list price of the sold properties is $262,900 and is up 3.7% from first quarter 2013.
  • The average number of days a property remained on the market for the first quarter 2014 was 124 days, compared to 134 days for first quarter 2013.
  • The median sold price of $208,000 for first quarter has increased 9.5% from first quarter 2013.
Click the link above to read this full report and share it with clients.

 LOCAL & STATE

ONLY ONE WEEK LEFT!
Submit Your 2014 NCAR Award Nominations
Click the link above to review all awards and nomination guidelines. Submissions are due by Noon on May 5, 2014.

Real Estate Industry Sees Positive Signs as Buying Season Begins

Film Supporters to Rally Again for Incentive Extension in Downtown Wilmington

Panelists Identify Economic Development Priorities

Officials Talk Extension of Historic Preservation Tax Credits

Listings Syndicator Contract for Firm Owners
While your MLS Board reaffirmed its decision not to syndicate, the MLS has provided a new contract for firm owners who wish to send their listings to a syndicator. If your firm would like to syndicate, please send an email to [email protected] specifying who your syndicator partner is (ListHub, Point2, RED, etc.). The new contract will be sent to you for completion.

Since most syndicators already have third-party agreements with every major publisher and many franchisors, you likely could stop any other firm data feed and only use your syndicator. Please speak with your syndicator of choice if you already have a firm data feed. If you currently do not have a firm feed going to another vendor, there is no cost. If you already have a firm data feed, the cost is $8.35 per month.

SURVEY: ABR & SRES Designation Courses
Your Association wants to offer you the ABR and/or SRES designation courses. However, we need to know if you are interested in taking either of these courses prior to scheduling them. Please take a few seconds to fill-out our short survey on why you would or would not attend these courses if offered by WRAR. Thank you!

NCREEF Scholarship Program Announced
NCREEF has developed a Scholarship Program that offers financial assistance to REALTORS� who choose to enhance their career and professionalism through education. NCREEF has 20 individual scholarships available in the amount of $250.00 each Scholarships are to be used one of two ways:
  1. To supplement tuition of an upcoming course in 2014.  
  2. As reimbursement for a course that has already been completed within the last three months.  
The education being reimbursed must be above and beyond required CE training. The courses must be NAR approved designation or certification courses, a training workshop, or a professional development seminar. Workshops and seminars will be subject to approval by the NCREEF Board. Click the link above to learn more and apply!

 GOV AFFAIRS

Navigating Election-Year Talk at Work

Beach Towns Weigh Options for Nourishment Projects

Willetts Appointed to National Flood Insurance Program Implementation Presidential Advisory Group

Patrice Willetts has been appointed as one of two NC REALTORS� to serve on NAR's NFIP Implementation PAG. NAR President Steve Brown made the announcement in an email to participants on April 11. This presents an opportunity for North Carolina to have a significant voice on this national issue and future regulations.

Click Here to read a letter from your WRAR President Jody Wainio on this topic. Also, please send Patrice concerns or questions that should be answered by this group at [email protected]. Please make the Subject Line says: FLOOD INSURANCE.

NCAR Government Affairs News - April 25, 2014

Also, Click Here to view all candidates that WRAR supports.

Homebuyer Flood Insurance Relief

DOT Updates Members on Area Projects

TOP ISSUES
The following issues are top priority for your Gov Affairs Department. Please click the links below to find out the latest on each topic:

 NATIONAL  

Existing Home Sales Fall, But Less than Expected

Home Sales Mark Sluggish Start to Spring

Housing Recovery Ending? Not Yet

Home Owners Think Twice About Short Sales

Electronic Mortgage Closings Next Hot Thing?

Housing Markets Improve in Majority of States

4 Types of Homes That Won't Sell

2014 NAR Good Neighbor Award
Are you or someone you know doing great work serving the community? NAR wants to hear about it! The Good Neighbor Award recognize REALTORS� for extraordinary accomplishments in community service. Click the link above to learn more and submit your entry by May 16, 2014 at 6:00PM EDT. Please also make sure to send a copy/notice of your entry to Lois Petelinkar.

 VIDEO: Syndication Webinar from March 12, 2014  

Missed the recent webinars called WRAR - Helping Agents to Reclaim Their Listing Data? Click the image below to watch the recorded version of this webinar to gain a better understanding about listing syndication and why your Association elected to discontinue publishing listings to third party sites on behalf of their brokers beginning on May 9, 2014.

Webinar Recording from March 12, 2014: WRAR - Helping Brokers Reclaim their Listing Data

 NAR MVP OFFER  

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EDUCATION COURSES

COMMITTEES & COUNCILS

BROKER LUNCHEONS

THOUGHTS & PRAYERS

CALENDAR

WRAR STAFF

 NEW WRAR PARTNERS  

Do you have a client visiting Wilmington that needs a place to stay while searching for their new home, second home or investment property?
Hilton Garden Inn & Courtyard by Marriott
10% off Prevailing Retail Rate at either hotel when you mention Wilmington Regional Association of REALTORS� (WRAR)! Click the link above to learn more.

 BIZ & TECH TIPS

BEST PRACTICES 
Selling Brokers: Communication is Key - Remember that having a home on the market may not always be an enjoyable experience; therefore, please extend every courtesy and consideration to each seller.
Read More Best Practices

 

SAFETY

It's better to walk away from a listing or not show a house if you have an uneasy feeling.

 

MLS DEFINITIONS
Did You Know...
That with LAND DIMENSIONS the first dimension should be the street dimension? Please add the remaining lines in a clockwise manner. Please show as many line lengths as possible.

To review all definitions: Login into WRAR.com, then go to Departments >
Technology & MLS >
MLS Definitions (Click Here if already logged in.) 

  

TECHNOLOGY
The Trends feature in the MLS will allow you to compile statistics in the MLS based on your target area. The Trends feature can display such statistics as For Sale vs Sold, Average Price per square foot, Days on Market, and Average price of Sale/Sold. To begin, choose the "Trends" tab in the MLS from there, choose your target location and property type. The information then can be emailed or printed out to be displayed as you choose.

RPR 
RPR's first webinar of May will be held Friday, May 2nd at 2:00 EST. The 30 minute webinar entitled, "3 Ways to Build Listing Inventory Using RPR" will show three creative ways to leverage your NAR membership along with RPR to identify potential sellers. Follow the link here for more details or to reserve your spot.

SUPRA

Need an Emergency Update Code Quick? Smartphone users with eKEY access can obtain an Emergency Update code fast and easy without having to request one from Supra or WRAR. Go to - www.supraekey.com and login to your SupraWEB Account and go to Quick Links!

Do you have a passion for local politics? Enjoy developing relationships with people? WE NEED YOU! Click the link above to learn more and submit your questionnaire.

Allied Member Referral Program: Earn $25!
Click link above for full details.


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