Posts Tagged ‘mel foster co’

Ruhl&Ruhl Outsells Mel Foster Company

Wednesday, April 28th, 2010

For the first time ever, Ruhl&Ruhl REALTORS, the residential company, outsold Mel Foster Company in sales volume for the year of 2009.

According to the Real Trends 500 Report, Ruhl&Ruhl was ranked 174th nationally based on sales volume. There are over 8,000 real estate companies in the country. Mel Foster Co. was ranked 178th.

Ruhl&Ruhl’s residential sales volume in 2009 was $547,890,896 and the company had 3,770 transactions, at an average sales price of $145,329. On average, Ruhl&Ruhl sales associates sold 16.1 properties per agent in 2009, as either the listing agent or selling agent.

Mel Foster reported their residential sales volume in 2009 was $532,828,648 and they did 3,939 transactions, averaging $141,334 per deal. This equated to “almost 14 deals per agent,” according to their press release in the Quad City Times.

Real Trends also ranks companies by their number of transactions. Ruhl&Ruhl ranked 102 and Mel Foster ranked 93. Caroline Ruhl, President of Ruhl&Ruhl REALTORS notes that she is proud of her agents for outselling Foster agents based on doing 16.1 transactions per agent compared to Foster agents “doing almost 14 deals per agent.” She also is confident their residential volume will again exceed Mel Foster’s volume in 2010.

Ruhl&Ruhl had previously reported that they had outsold Mel Foster when they combined their residential volume of $547,890,896 with NAI Commercial Company’s sales volume of $147,692,346, giving the combined companies a total volume of $695,583,242.

Mel Foster had reported a total residential and commercial sales volume of $600,480,000 for 2009, down 12% from 2008.

A family-owned company since 1862, Ruhl&Ruhl REALTORS annually sells approximately 3,400 homes in eastern Iowa, western Illinois and southwestern Wisconsin.  Caroline Ruhl is the President and owner of Ruhl&Ruhl REALTORS, and is the fourth generation of the Ruhl family to lead the residential brokerage and home services company.  Headquartered in Davenport, Iowa, the company has 250 sales associates and 50 employees based in sales offices located in Bettendorf, Bellevue, Clinton, Coralville, Davenport, DeWitt, Dubuque, Maquoketa, and Muscatine, in Iowa, and in Moline, Illinois.  In addition to residential sales, Ruhl&Ruhl offers services in relocation, new home sales, farm sales, senior services, real estate investment, property management and mortgage services through 1862 Mortgage.  For more information on Ruhl&Ruhl, visit their website at http://www.ruhlhomes.com/ .

Tags: , , , , , , , , , , , , , , , , ,
Posted in Real Estate News | No Comments »

Q-C home sales show strength

Tuesday, January 26th, 2010

The Quad-City housing market saw housing sales end the month of December ahead of a year ago.

“When we compare our 2008 numbers to 2009, we are up significantly,” Kris Ratigan, Mel Foster Co.’s marketing director, said Monday of the market’s performance.

Citing statistics from the Quad-Cities Multiple Listing Service, or MLS, which tracks all homes sales in the market, she said the area closed $38.193 million in sales in December. That compared with $32.142 million a year earlier. The number of units sold was 241 in December, which was flat with 233 units sold in December 2008.

Caroline Ruhl, the president of Ruhl & Ruhl Realtors, said her company saw an 11.7 percent increase in units sold in December from a year ago. Sales volume was up, from $34.32 million to $41.38 million, in Ruhl & Ruhl’s combined markets.

But the Quad-City area saw sales slide from November to December. In November, the Quad-City MLS posted $48.74 million in sales with 372 units sold. The November performance was boosted, in large part, by first-time homebuyers rushing to close deals ahead of the original federal tax credit deadline.

“We slid, but you normally go down in December because of the cycle,” Ratigan said, adding that the holidays and winter weather traditionally slow down the market.

However, the average sales price for the MLS of $158,478 in December was above both November’s $131,379 average and the $133,657 average a year ago, she said.

Ruhl said one of the indicators to watch is pending sales, which showed strength in December. Her company posted a 26 percent increase in volume and a 39 percent increase in units in year-over-year comparisons.

“That’s a huge December,” she said, adding that the sales were “riding the first-time homebuyer tax credit, good interest rates and what I think is pent up demand.”

Across the Midwest, home sales declined from November to December, but ended the last month up 9 percent from prior-year levels, according to the National Association of Realtors.

There were 86,000 sales in the 11-state region last month, with a median sales price of $173,600, up almost 4 percent.

That was slightly weaker than the national trend.

Total home sales across the country were up nearly 15 percent in December, without adjusting for seasonal factors. The median home price nationally gained nearly 4 percent, to $225,400.

(The Associated Press contributed to this story.)

Provided by: QC Times, Jennifer DeWitt

Tags: , , , , , , , , , , , , , , , , ,
Posted in Real Estate News | No Comments »

A Dakno Real Estate Blog Website
Copyright © 2012 Ruhl & Ruhl REALTORS. All rights reserved. Disclaimer: All content on this blog is my own opinion and should not be treated as fact or relied upon when purchasing or selling real estate.