Press Release – KW Commercial launching

Highly-Respected Commercial Real Estate expert joins Keller Williams
Realty St. Pete

Robert “Bob” Strickland is excited to launch the KW
Commercial division of the new KW downtown office.

St. Petersburg, FL July 2011: KW Commercial, a
division of Keller Williams Realty Inc is pleased to announce Robert ‘Bob’
Strickland has come aboard to develop a top-notch Commercial division in the
newly expanded St. Petersburg Keller Williams office.

 

Bob has been in the commercial real estate industry
for over 30 years as a salesperson and instructor and he has helped develop successful
commercial divisions in other real estate offices. Among his many credentials
Bob has earned the Graduate REALTOR® Institute, GRI, designation from the
National Association of REALTORS and the Certified Commercial Investment Member
designation, CCIM. He has sold and developed over 200 million in commercial
real estate and received a FGCAR lifetime achievement award in 2005. Bob is
active in local, state, and national REALTOR and CCIM organizations as well as
the local business and civic community.

 

“We are thrilled to have Bob Strickland as part of our KW Commercial St. Petersburg office,” says Team Leader, Rachel Sartain.
“Keller Williams Realty offers associates unparalleled career growth and
lifelong learning opportunities in the real estate industry. With the addition
of our KW Commercial division, we are excited about the possibilities of
expansion in our new downtown office.”

 

Strickland stated “In today’s commercial real estate market, we are seeing a major change in the
way deals come together. This is where a good coach/mentor can be a huge help.
Not only does the coach offer another level of experience, but as an outside
observer, may offer a new perspective as to how to assemble the pieces. My
intent is to provide a new look and a clearer path to a closing for the people
I work with”.

 

“Our company has always been known for its
outstanding training and coaching programs” commented Sartain. “It is a great
honor to be able to offer this type of commercial training program for real
estate professionals.”

This announcement comes on the heels of a second
quarter with continued positive growth for Keller Williams Realty St. Pete. The
office outpaced all other offices in the KW north Florida region for total
dollar volume of real estate sold and agent growth. In addition to recently
becoming the 2rd largest real estate company in the U.S., surpassing Re/Max,
and Century 21 according to Steve Murray at REAL Trends, Keller Williams Realty
received the highest overall satisfaction ratings from home buyers among the
largest full-service real estate firms from J.D. Power and Associates for the
third year in a row, and was ranked as the No. 1 real estate franchise on the
31st Annual Franchise 500 list by Entrepreneur magazine.

 

For more information about our KW Commercial
division or our Keller Williams Realty St. Pete office, contact Rachel Sartain
at 727.894-1600 or visit us at http://www.kwhotspot.com

 

About Keller Williams
Realty, Inc.:

Founded in 1983, Keller Williams
Realty Inc. is the second-largest real estate franchise operation in the United
States, with 701 offices and almost 80,000 associates in the United States and
Canada. The company, which began franchising in 1990, has an agent-centric
culture that emphasizes access to leading-edge education and promotes an
economic model that rewards associates as stakeholders and partners. The company
also provides specialized agents in luxury homes and commercial real estate
properties. For more information, or to search for homes for sale visit Keller
Williams Realty online at (http://www.kw.com) Information about Keller Williams
Realty’s international expansion can be found at (www.kwworldwide.com).

 

 

 

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PRESS RELEASE

St. Petersburg, FL July 2011: Keller Williams Realty
Inc is pleased to announce that Eve Sawicki and Jim McConnell, formerly top
ranked Prudential Real Estate sales team, is now with the St. Petersburg Keller
Williams office.

Eve is very active in the real estate
community and serves as President of the Women’s Council of Realtors. She has lived in St. Petersburg for eleven years and has sold St. Petersburg real estate for the last six. A graduate of
Duke University, Eve brings a strong background in sales and marketing to her
position, having worked with IBM as a marketing rep, marketing manager and
account executive for many years. Most recently Eve earned the distinction
becoming a member of the President’s Circle for Prudential agents for 2009 and
in the top 3% of Prudential agents nationwide.

 

Jim’s impressive background includes 20 years of sales experience and 15 years as a
real estate professional. He was most recently a vice president and broker with
another major real estate firm in the Bay area and also has experience with new
home sales and project management. As a result, he has developed insight into market trends, pricing
strategies, and marketing techniques – all the right tools needed to bring his
customers transaction to a successful conclusion. Jim’s commitment to going the
extra mile is evident in his many accomplished marathon runs.

“Keller Williams
provides current technology solutions and excellent support to assure
client satisfaction” said Sawicki. “The St. Pete Tropical Team and Keller
Williams are “Simply the Best in Real Estate!””

McConnell added “As long time St. Petersburg Realtors we were impressed with the Keller Williams Realty St. Pete
management team and business model, which offers continued training and
opportunities to change with the market that Realtors need in order to succeed
today. “

 

We are thrilled
to be in business with talent like Eve and Jim. They have been one of the top sales
teams in the area and their knowledge & professionalism is a perfect fit
for our new office.  I consider it a true
honor to have the St. Pete Tropical Team with us and I look forward to our
continued growth together. It is a confirmation that we have unbelievable
momentum behind our new St. Pete Market Center,” said Rachel Sartain, Broker/CEO of Keller Williams Realty St. Petersburg,

This announcement comes on the heels of a second quarter with continued positive growth for Keller Williams Realty St. Pete. The office outpaced all other
offices in the KW north Florida region for total dollar volume of real estate
sold and agent growth.

In addition to recently becoming the 2rd largest real estate
company in the U.S., surpassing Re/Max, and Century 21 according to Steve
Murray at REAL Trends, Keller Williams Realty received the highest
overall satisfaction ratings from home buyers among the largest full-service
real estate firms from J.D. Power and Associates for the third year in a row,
and was ranked as the No. 1 real estate franchise on the 31st Annual
Franchise 500 list by Entrepreneur magazine.

 

About Keller Williams
Realty, Inc.:

Founded in 1983, Keller Williams
Realty Inc. is the second-largest real estate franchise operation in the United
States, with 701 offices and almost 80,000 associates in the United States and
Canada. The company, which began franchising in 1990, has an agent-centric
culture that emphasizes access to leading-edge education and promotes an
economic model that rewards associates as stakeholders and partners. The
company also provides specialized agents in luxury homes and commercial real
estate properties. For more information, or to search for homes for sale visit
Keller Williams Realty online at (www.kw.com) Information about Keller
Williams Realty’s international expansion can be found at (http://kwworldwide.com).

 

June sales statistics for Pinellas

The June sales statistics are out for Pinellas county!

The absorption rate (number of homes sold/number of listings available in a month) for Single Family homes is up to 16.9%! That is the highest it has been since December 2005. The highest absorption rate for this area was in June 2005 at 59.2%, meaning 59 sales out of 100 single family listings sold in the month. The lowest we have seen the absorption rate in the past 8 years was in January 2008 when only 3.8 homes sold out of 100 listings.

 

Pinellas Realtor Organization

 

Simple supply and demand economics are definitely in effect here. The actual supply of SF homes is down in Pinellas County to 4655. This was the level of supply back in 2003. As a reference point, the lowest inventory was June 2005 with 2468 listings available and the highest was March 2007 with 11,226 homes available.

So, our we recovering? I like to refer back to Gary Keller from Mega Camp back in August of 2009. He stated that we were not going to see a ‘V’ or a ‘U’ or even a ‘W’. He said the housing market was a big ‘L’….. lousy! He explained that the market took a swift dive and is going to stay on the bottom for several years. His definition is appareant in the statistics we see. The bottom of this ‘L’ has become our ‘stable’ market.

Homes are selling. From our URBN pitch sessions, the local micro market is experiencing a lack of homes for the buyers we have available. The buyers want nice move in condition homes. The inventory of these homes continues to shrink.

It is important to note, the inventory of homes is decreasing and absorption rate is at a healthy state. However, median prices have not drastically increased. I find this is the most common mis-understanding readers have when they hear about home sales. When the newspaper reports sales are down 40% or sales are up 20%, it means the number of sales and not the sales price. It is also worth noting that many times these sales numbers are for ‘new home sales’. Anyone in St. Petersburg should know we do NOT have new homes!

 

The median price for Pinellas county has recovered somewhat from the beginning of the year, increasing to $132,000 from a low of $100,000 in January of this year. This is the lowest it has been since I have started maintaining sales statistics from the Pinellas Realtor Organization in 2003.

The median price has increased 14% since January but has decreased 8.8% since June of 2010 when the median price was $144,000.

Sales are happening. Prices remain low. Interest rates remain at an all time low. Some people are starting to take advantage of this market. Are you willing to take the risk?

 

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