With increased sales and decreased inventories, William Raveis foresees an improving real estate market.
SHELTON, Conn. (February 6, 2013)?Today, William Raveis Real Estate, Mortgage & Insurance proudly announced that the close of 2012 marked record high numbers for the company.
The company announced total annual real estate sales of $5.6 billion, with a total of 13,000 units sold. The mortgage division also reported gains, with over $9 billion in total closed mortgage volume and $1.2 billion in loan originations for 2012 alone.
?As we reflect on what a fantastic year 2012 was, it?s important to recognize that these types of numbers wouldn?t have been possible without the hard work and dedication of our employees,? said William Raveis, chairman and chief executive officer of William Raveis Real Estate.
?My prediction is that 2013 will be an outstanding year for William Raveis and the real estate market as a whole,? continued Raveis. ?Interest rates are at historic lows, home prices are on the rise and demand is increasing significantly, and all of these factors are contributing to a big jump in consumer confidence. These elements will combine to create a phenomenal market for us in 2013.?
State-by-State Breakdown
Total Real Estate Market for Single-Family Homes
Unit sales in Connecticut increased 14.5 percent, from 21,347 to 24,545; average sales price decreased slightly, from $418,426 to $402,414; and, inventory decreased 4.8 percent, from 22,645 to 21,559.
In Massachusetts, unit sales increased 21.1 percent, from 36,814 to 44,576; average sales price increased slightly, from $385,838 to $390,090; and, inventory decreased 10.8 percent, from 28,427 to 25,368.
Rhode Island?s unit sales increased 19.1 percent, from 6,690 to 7,971; average sale price increased slightly, from $263,354 to $265,159; and, inventory decreased 11.7 percent, from 6,112 to 5,396.
In New York, unit sales increased 17.5 percent, from 2,808 to 4,473; average sales price decreased slightly, from $813,617 to $800,773; and, inventory decreased 4.5 percent, from 4,880 to 4,658.
About William Raveis Real Estate, Mortgage & Insurance
William Raveis Real Estate, Mortgage & Insurance is one of the top companies in the nation. It was ranked in 2011 by sales volume in Real Trends 500? Magazine as the #1 family-owned real estate company in the Northeast, the 3rd largest family-owned and the 8th largest real estate company in the USA.? The innovative firm is known as an ?Award-Winning Team,? being nationally recognized as an industry leader in technology, marketing and REALTOR?education.? Such recognition includes winning the coveted ?Most Innovative Brokerage or Franchise? distinction and placing as a finalist for ?Most Innovative Website or Web Service? at Inman News? 2011 Innovator Awards, held in San Francisco, California. William Raveis? award-winning website, raveis.com, draws more than 10 million visits annually and includes more than 300,000+ MLS listings in Connecticut, New York, Massachusetts, Rhode Island, New Hampshire, Maine and Vermont.
For four consecutive years, William Raveis has been named as ?The Best Real Estate Company? by the Commercial Record and was awarded the Banker & Tradesman?s Gold Medal Residential Brokerage award from 2008-2011. William Raveis was also named the #1 ?Best Place to Work? in 2010 & 2012 by the prestigious Boston Business Journal.? The Boston Business Journal placed the firm as a finalist ?Best Place to Work? in 2011.
William Raveis Real Estate is a household name in its founding state, CT and is the #1 real estate company in world-renowned Fairfield County.? The company entered the Massachusetts marketplace in 2003 and, according to the 2010 closed sales volume in the Multiple Listing Service Pin, is now the largest independent brokerage in that state with 27 offices.? William Raveis recently expanded into New York and presently has offices in Rye, Harrison, Katonah, Chappaqua, Tarrytown and Briarcliff Manor in Westchester County and offices in Nyack, Rockland County. The firm has 3,000 highly trained sales professionals and 85 company-owned and affiliate offices in New York, Connecticut, Rhode Island, Massachusetts and New Hampshire.? For more information, visit raveis.com or blog.raveis.com.
For details, contact:
Samantha Hamilton
(203)225-2494
samantha.hamilton@raveis.com
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