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REAL ESTATE STATISTICS
Province |
October
2005 |
October
2004 |
%
Change |
| National
Average |
$256,046 |
$231,283 |
10.9% |
Alberta |
$220,564 |
$197,314 |
11.8% |
British
Columbia |
$347,583 |
$301,628 |
15.3% |
Manitoba |
$138,020 |
$118,365 |
16.7% |
New
Brunswick |
$124,712 |
$110,180 |
13.2% |
| Newfoundland | $138,034 |
$133,292 |
3.6% |
| Nova Scotia | $149,106 |
$147,823 |
0.9% |
| N.W.T. | $236,833 |
$223,982 |
5.4% |
| Ontario | $269,190 |
$251,738 |
6.5% |
| P.E.I. | $120,827 |
$119,014 |
1.5% |
| Quebec | $190,423 |
$171,882 |
9.7% |
| Saskatchewan | $124,210 |
$109,844 |
11.6% |
| Yukon | $181,448 |
$124,863 |
31.2% |
Realtor
Statistics
Hours
worked by all REALTORS® (nationwide - U.S.): 46 per week
Gross personal income by hours worked: $62,300 (median for 40 hrs.)
Percent of business generated by REALTOR® personal web site (all REALTORS®): Zero - 28%; over 25%- 12%
Real estate experience of all REALTORS® (median): 9 years
REALTORS® by gender: Male 46%; Female 54%
Formal education of REALTORS®: Some college/associate degree: 45%; Bachelor's degree: 26%; High school graduate: 9%; Graduate degree and above: 11%; Graduate study: 9%
Affiliate membership of REALTORS ®: RLI: less than 1%; WCR: 4%; CRE: 1%; REBAC: 9%; CRS: 11%; CCIM: 2%
Home
Buyer & Seller Statistics
Active home search (repeat buyers):
Weeks (median) - 7
Homes seen (median) - 10
Method
of Home Purchase:
Agent/Broker - 77%
Builder - 12%
Direct from previous owner - 9%
Definitely would use same agent again: 66%
Actions
taken as result of using Internet site: Drove by/viewed a home - 72%
Walked through a home viewed online- 51%
Found agent used to search/buy home - 18%
Tenure
in previously owned home:
One year or less - 3%
1-2 years - 14%
3-4 years - 21%
5-6 years - 16%
7-10 years - 20%
Source: 2005 National Association of REALTORS® Member Profile
What
Repeat Buyers Want Most From Real Estate Professionals
Help you find the right house to purchase -58%
Help with price negotiations - 9%
Help with paperwork - 9%
Tell you what comparable homes are selling for - 12%
Tell you how much buyer could afford - 4%
Help find and arrange financing - 2%
Information
Sources Used in Home Search
Real estate
agent - 90%
Yard sign - 74%
Internet - 74%
Newspaper - 53%
Home book/magazine - 40%
Open house - 51%
Builders - 37%
Television - 26%
Relocation company - 16%
FSBO
Statistics
Did you know?
. . . the typical FSBO home sold for 163,800, compared to $189,000 for agent-assisted
home sales.
FSBO Methods Used to Market Home:
Yard Sign . . . 63%
Friends/neighbors . . . 25%
Newspaper ad . . . 44%
Open House . . . 33%
Internet . . . 24%
Most Difficult
Tasks for FSBO Sellers:
Getting the right price . . . 24%
Understanding paperwork . . . 22%
Preparing/fixing up home for sale . . . 24%
Attracting potential buyers . . . 10%
Having enough time to devote to all aspects of the sale . . . 5%
Source: 2004 National Association of REALTORS® Profile of Homebuyers and Sellers
