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.
Tuesday, March 23, 2010
Nothnagle.com - The Only Real Estate Site You Need!
Did you know that you can search throughout 25 counties in Upstate New York, right from Nothnagle.com? Choose from Rochester, Buffalo, Syracuse, Watertown, Oswego, Cortland, Olean, Niagara Falls, Corning, Elmira....and everything in between! Seach for waterfront properties throughout the entire Finger Lakes region, the Great Lakes or local waterways. Nothnagle.com makes it easy.
Need to expand your search beyond Upstate New York? We can help! Through our affiliation with Leading Real Estate Companies of the World, we can connect you to over 10,000 communities across the United States and even around the globe. Nothnagle is the local representative of LeadingRE, the largest network of over 600 premier locally-branded firms producing almost $300 billion in annual home sales. LeadingRE brokerages represent one-third of the U.S. real estate market.
Looking for open houses? Luxury homes? New constrution? Commercial? HUD Homes? Nothnagle.com is your connection!
Nothnagle.com makes it easy to find your next home.
Need to expand your search beyond Upstate New York? We can help! Through our affiliation with Leading Real Estate Companies of the World, we can connect you to over 10,000 communities across the United States and even around the globe. Nothnagle is the local representative of LeadingRE, the largest network of over 600 premier locally-branded firms producing almost $300 billion in annual home sales. LeadingRE brokerages represent one-third of the U.S. real estate market.
Looking for open houses? Luxury homes? New constrution? Commercial? HUD Homes? Nothnagle.com is your connection!
Nothnagle.com makes it easy to find your next home.
Friday, March 19, 2010
Nothnagle Leads the Industry in Delivering One Stop Shopping Option
Over 850 top real estate brokers, managers, relocation professionals, sponsors and guests from the U.S. and eight countries around the world recently gathered in Las Vegas at the 2010 Leading Real Estate Companies of the World (LeadingRE) conference. Participating brokerages represented one-third of the entire U.S. real estate market, with annual sales production of over $280 billion.
Among the featured speakers at the conference, Armand D'Alfonso, President and CEO of Nothnagle Realtors, presented information on One Stop Shopping. Nothnagle Realtors is consistently recognized as an industry leader in many respects, from our innovative marketing strategies, our award-winning website and now for our Home Services offering, which provides customers with over 100 options and a Home Services Coordinator that is personally assigned to every client to coordinate the services - before, during and after the move.
How do our clients feel about this service? They love it! Recently a client who moved to Rochester from out of state emailed Armand about their experiences with Nothnagle Home Services:
A survey conducted by the National Association of Realtors in 2008 indicates that consumer interest in one stop shopping for real estate services is growing - 75% of survey respondents indicated they would consider a brokerage that offers a multitude of services to make their home buying and selling experience smoother and more convenient. Use of one stop shopping has increased by 45% since 2002, when the last survey of this type was conducted.
The annual LeadingRE Conference is an opportunity for industry leaders from around the globe to get together to share success stories and discuss a wide range of topics impacting the real estate industry. Especially in this market, it is critical for brokers to continue to innovative and provide consumers with expanded services. One Stop Shopping and Nothnagle's Home Services offering are just one more way our customers Get More!
Nothnagle Realtors is the local representative of Leading Real Estate Companies of the World, the largest network of over 600 premier locally-branded firms producing almost $300 billion in annual home sales. LeadingRE provides a broad range of brokerage services to its affiliates, including lead generation, branding suppport, luxury marketing, Web exposure and technology systems and state of the art learning and credentialing.
Among the featured speakers at the conference, Armand D'Alfonso, President and CEO of Nothnagle Realtors, presented information on One Stop Shopping. Nothnagle Realtors is consistently recognized as an industry leader in many respects, from our innovative marketing strategies, our award-winning website and now for our Home Services offering, which provides customers with over 100 options and a Home Services Coordinator that is personally assigned to every client to coordinate the services - before, during and after the move.
How do our clients feel about this service? They love it! Recently a client who moved to Rochester from out of state emailed Armand about their experiences with Nothnagle Home Services:
"It is now eight months since I moved, and I am using Janet Beechey every time I need to have something done to my house. In addition to the electrician and plumber, I have found a house cleaning service, carpet & rug cleaners, a design expert and an incredible painter all through your service. Every one of them has been top notch. Janet Beechey always responds to my requests quickly, and always checks back to make sure that I have been satisfied with the work done. I wanted to make sure that you know just how valuable this service is for people moving into the community."
A survey conducted by the National Association of Realtors in 2008 indicates that consumer interest in one stop shopping for real estate services is growing - 75% of survey respondents indicated they would consider a brokerage that offers a multitude of services to make their home buying and selling experience smoother and more convenient. Use of one stop shopping has increased by 45% since 2002, when the last survey of this type was conducted.
The annual LeadingRE Conference is an opportunity for industry leaders from around the globe to get together to share success stories and discuss a wide range of topics impacting the real estate industry. Especially in this market, it is critical for brokers to continue to innovative and provide consumers with expanded services. One Stop Shopping and Nothnagle's Home Services offering are just one more way our customers Get More!
Nothnagle Realtors is the local representative of Leading Real Estate Companies of the World, the largest network of over 600 premier locally-branded firms producing almost $300 billion in annual home sales. LeadingRE provides a broad range of brokerage services to its affiliates, including lead generation, branding suppport, luxury marketing, Web exposure and technology systems and state of the art learning and credentialing.
Wednesday, March 17, 2010
Profile of New York Buyers and Sellers Released
The 2009 NAR Profile of Home Buyers and Sellers New York Report provides insight into the demographics of New York's homebuyers and sellers. In July 2009, an 8-page survey was mailed to a random sample of 120,038 consumers who purchased a home between July 2008 and June 2009. Returned surveys were compiled and the following provides a brief summary of the findings.
Homebuyer Characteristics:
* 46% of NY homebuyers were first-time buyers (compared to 47% nationwide.)
* The typical first-time buyer was 31 years old; the typical repeat buyer 51.
* Median home price in NY was $146,000 (compared to $185,000 nationwide).
* 72% of buyers used the Internet during their search.
* Typical buyer searched for 12 weeks and viewed 10 homes.
Home Sellers:
* Sellers typically sold their homes for 95% of the listing price; 55% reported they reduced the asking price at least once.
* 87% reported their home was listed or advertised on the Internet.
* 90% of sellers used a real estate agent; 80% reported they would use that same agent again or recommend them to others.
* Only 8% of sellers said they sold their home without the assistance of an agent and more than one third of these sellers knew the buyer prior to the sale.
Homebuyer Characteristics:
* 46% of NY homebuyers were first-time buyers (compared to 47% nationwide.)
* The typical first-time buyer was 31 years old; the typical repeat buyer 51.
* Median home price in NY was $146,000 (compared to $185,000 nationwide).
* 72% of buyers used the Internet during their search.
* Typical buyer searched for 12 weeks and viewed 10 homes.
Home Sellers:
* Sellers typically sold their homes for 95% of the listing price; 55% reported they reduced the asking price at least once.
* 87% reported their home was listed or advertised on the Internet.
* 90% of sellers used a real estate agent; 80% reported they would use that same agent again or recommend them to others.
* Only 8% of sellers said they sold their home without the assistance of an agent and more than one third of these sellers knew the buyer prior to the sale.
Monday, March 15, 2010
Carbon Monoxide Detectors
Carbon monoxide detectors save lives every year and now in New York State, as of February 22, 2010, it is required that residences are equipped with a working alarm.
The law is named for 16-year-old Amanda Hansen of West Seneca, New York, who died on January 17, 2009, due to a carbon monoxide leak from a defective boiler while she was sleeping at a friend’s house. An estimated 2,100 people are killed each year from carbon monoixide poisoning and 10,000 people are injured, according to the NYS Office of Fire Prevention and Control.
Since carbon monoxide is an odorless, colorless, tastless gas, the best way to protect yourself is to install an alarm or detection system that will notify you if gas begins to build in your home.
Under the new law, homes built before January 1, 2008, are permitted to have battery-powered carbon monoxide alarms, while homes built after this date are required to have the alarms hard-wired into the building. Amanda’s law requires existing one- and two-family residences to have at least one carbon monoxide alarm installed on the lowest floor of the dwelling where a sleeping area is located. The alarm must be clearly audible in all sleeping areas. The law applies to condominiums, cooperatives and multi-family homes as well.
Everyone is susceptible, but the American Medical Association says that unborn and young children, pregnant women, senior citizens and people with heart or respiratory problems are especially vulnerable and are at the highest risk for death or serious injury. The symptoms of carbon monoxide poisoning are often mistaken for the flu and can include dizziness, fatigue, weakness, throbbing headache, nausea, vomiting, irregular breathing, sleepiness and confusion.
For more information, the Office of Fire Prevention and Control has published this helpful brochure.
The law is named for 16-year-old Amanda Hansen of West Seneca, New York, who died on January 17, 2009, due to a carbon monoxide leak from a defective boiler while she was sleeping at a friend’s house. An estimated 2,100 people are killed each year from carbon monoixide poisoning and 10,000 people are injured, according to the NYS Office of Fire Prevention and Control.
Since carbon monoxide is an odorless, colorless, tastless gas, the best way to protect yourself is to install an alarm or detection system that will notify you if gas begins to build in your home.
Under the new law, homes built before January 1, 2008, are permitted to have battery-powered carbon monoxide alarms, while homes built after this date are required to have the alarms hard-wired into the building. Amanda’s law requires existing one- and two-family residences to have at least one carbon monoxide alarm installed on the lowest floor of the dwelling where a sleeping area is located. The alarm must be clearly audible in all sleeping areas. The law applies to condominiums, cooperatives and multi-family homes as well.
Everyone is susceptible, but the American Medical Association says that unborn and young children, pregnant women, senior citizens and people with heart or respiratory problems are especially vulnerable and are at the highest risk for death or serious injury. The symptoms of carbon monoxide poisoning are often mistaken for the flu and can include dizziness, fatigue, weakness, throbbing headache, nausea, vomiting, irregular breathing, sleepiness and confusion.
For more information, the Office of Fire Prevention and Control has published this helpful brochure.
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