Nothnagle Reports Sales Up, Gain in Market Share

Since the start of the Company’s fiscal year on October 1st, Nothnagle has seen a tremendous jump in sales and an increase in local market share.

Since the company’s fiscal year began on October 1, 2009, through February 28, 2010, Nothnagle Realtors is reporting an increase of 23% in closed business as compared to the same time period in the 2009 fiscal year. The top five performing branches for FY 2010 year-to-date are Hilton, with a 69% increase over FY 2009; Webster +54%; Greece +51%; Penfield +43%; and, Batavia +42%.

New written business, which is an indicator of future sales, is up 28% year to date.

In February 2010, listing volume market share jumped by an unprecedented 7.6% and sold volume market share increased by 6% over February 2009. Nothnagle continues to outpace its next closest competitor nearly 4 to 1 in annual sales volume.

“Housing continues to be a major factor in the strength of the local economy. With interest rates remaining at historic lows, coupled with the extended tax credit now available to both first-time and repeat buyers, the Rochester real estate market has been bustling with activity. More and more consumers are turning to a Nothnagle agent for all of their real estate needs. Nothnagle is proud to be Rochester’s hometown Realtor for over 60 years,” said Armand D’Alfonso, President and CEO of Nothnagle Realtors.

Nothnagle Realtors urges buyers to take advantage of the tax credit. Buyers must be under contract by April 30, 2010, and close by June 30, 2010, to qualify. First-time buyers are defined as anyone who has not owned a home within the past three years. First-time buyers can qualify for 10% of the purchase price, up to a maximum of $8,000. Repeat buyers can qualify for 10% of the purchase price, up to a maximum of $6,500, if they owned a primary residence for at least five of the past eight years. The income limits have been raised to $125,000 for individuals; $225,000 for married couples.

Nothnagle.com features available properties for sale in the Rochester region and 25 counties throughout Upstate New York.