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Circle of Excellence recognizes NJ Realtors for 2017 achievements
... on behalf of clients to impart their industry knowledge and make buying and selling real estate a pleasant and successful experience. Annually, New Jersey Realtors recognizes members that have demonstrated distinction in sales with the New Jersey ...
By Special to NJ.com
The New Jersey Realtors Distinguished Sales Club Award recognizes members who have achieved the Circle of Excellence Sales Award for 10 or more yearsSpecial to NJ.com
The Garden State's real estate professionals work tirelessly on behalf of clients to impart their industry knowledge and make buying and selling real estate a pleasant and successful experienceAnnually, New Jersey Realtors recognizes members that have demonstrated distinction in sales with the New Jersey Realtors Circle of Excellence Sales Award.
The New Jersey Realtors Circle of Excellence Sales Award is considered one of the most prestigious honors awarded to Realtors in the stateThe award is highly regarded throughout the real estate industry and recognizes members that have excelled in the field of salesmanship.
Christian SchlueterSpecial to NJ.com
The New Jersey Realtors Distinguished Sales Club Award recognizes members who have achieved the Circle of Excellence Sales Award for 10 or more years.
The 2017 New Jersey Realtors Circle of Excellence Sales Award level requirements are as follows:
Bronze: $2.5 million and 15 units minimum or 30 units
Silver: $6.5 million and 20 Units Minimum or 70 units
Gold: $12 million and 25 units minimum or 90 units
Platinum: $20 million and 30 units minimum or 125 units
In addition to earning units for sales and listings volume as well as rental transactions, members can receive unit credits for involvement in the association and the industry.
As an association, New Jersey Realtors is proud to honor members that strive for excellence in their field, said 2018 New Jersey Realtors President Christian Schlueter, a broker-sales associate with RE/MAX at Barnegat Bay in Toms RiverIndividuals who have earned this achievement demonstrate a commitment to their profession, the industry and most importantly, their clients.
"Achieving this honor shows the level of excellence these individuals have achieved throughout the year by working very hard and getting transactions closed," he said"Because all real estate is local, the award means different things to different people; depending on where in the state a member is doing business, meeting the award requirements can be more difficult because of the variation in median housing values."
Special to NJ.com
Although technology has helped the real estate industry, Schlueter said Realtors still are an invaluable asset to consumers regardless of someone's real estate needs.
"Realtors are a trusted adviser to buyers and sellers, he said"With the internet there certainly is a wealth of information at your fingertipsWe are the people that can sort through this information and explain to the buyer or seller exactly what the information meansA home is very often the biggest investment most people will ever makeWorking with a Realtor on the local level -- one that intimately knows a neighborhood, knows the value of homes in that area and can guide consumers through the entire process -- is extremely important."
Housing demand was high throughout 2017 in the Garden State, with sellers reaping the benefits of a low inventory and consistently priced market, according to New Jersey RealtorsDespite the tight inventory, buyers remained active, with closed sales for the state up 9 percent when comparing 2017 to 2016, according to the organization's dataInventory saw a 19.4 percent drop in December 2017, compared to the same time in 2016.
With less options for buyers to choose from, properties also are moving fasterThe days a property spent on the market dropped to 73 days in December 2017, down 11 percent from that same time one year earlier.
Housing demand was high throughout 2017 in the Garden State.Special to NJ.com
The month's supply of inventory -- which is the inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months -- for single-family homes in the state is at a very low 4.3 percent, down 27.1 percent over 2016The median sales price also has remained strong at $280,000 for the total market in 2017Despite some ups and downs throughout 2017, mortgage rates ended high in the first month of the year, settling at 4.04 percent as of Jan18, according to Freddie Mac.
Entering the spring season, Schlueter said it's a great time for those looking to buy or sell a home.
"While interest rates have gone up a little bit, they are still at record lowsA lack of inventory has led to an increase in prices in some areas, so it tends to be a little bit more of a seller's market right now but as we get further into the spring season more homes likely will come on the marketIt's always good to get into a market that's on its way up."
-- Lori Crowell
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