Reg
Ruhl&Ruhl Realtors Celebrates Record Year! Ruhl&Ruhl Realtors broke some records in 2013, even following remarkable growth in 2012. 1. Record Number of Properties Sold: Ruhl&Ruhl Realtors sold 5,374 properties in 2013, as either listing agent or selling agent. This was 4% more transactions than 2012. And 2012 transactions were up 24.5% over 2011. 2. Residential Sales Volume Flat: Ruhl’s sales volume in 2013 was $806,347,735, just slightly down from 2012’s sales volume of $807,533,527. 2012’s volume was up 36.2% over 2011. 3. Commercial Sales Volume: NAI Ruhl Commercial Company, a new venture between Ruhl&Ruhl Realtors and John Ruhl, sold over $138,000,000 in commercial real estate in 2013 and had 49.3% market share in the region. 4. Record Revenue: Revenue in a real estate company is primarily gross commission income (GCI). Ruhl’s GCI was a record $24,156,181, or 2.6% up from 2012. And 2012 GCI was up 34.2% over 2011. 5. Nationally Ranked Per Agent Productivity: On average our agents closed 18.7 transactions in 2013, which is up from 18.1 in 2012 and 15.1 in
2011. This is the highest per agent productivity in the region and more than double the national average of 7 transactions per agent per year. 6. More Great Agents and Staff: We ended 2013 with 287 agents, up from 286 in 2012 and 275 in 2011. In addition 66 employees work for the company, equating to 54 full-time staff. 7. Ruhl Mortgage: Ruhl Mortgage, previously Shelter Mortgage, closed $120,891,880 in loan volume in 2013, including 67% purchase loans and 33% refinances. 27.2% of Ruhl&Ruhl Realtors’ buyers with financing worked with Ruhl Mortgage. 20.6% of Ruhl buyers paid cash. 8. New Construction Sales Volume Up: Ruhl&Ruhl agents sold 333 new construction homes or condos in 2013, three fewer than in 2012 but still up significantly from 243 sales in 2011. The average sales price was up to $321,326 from $313,163 resulting in higher sales volume of $107,001,594. 9. Insurance Referrals Sold: Ruhl agents referred clients resulting in 722 policies being sold by the Nelson Brothers Agency, Ruhl&Ruhl Realtors’ affiliated insurance company.
Regional Home Price Appreciation By Market Nationally home prices have increased only 0.15% in the last five years; however, larger increases are found in all of our local markets with home prices up: 9.71% in Dubuque; 5.32% in Iowa City; 1.33% in Cedar Rapids; and 3.93% in the Quad Cities. This compares to other cities: Des Moines, IA down 0.50%; and Chicago, IL down 15.17%. In the past year our prices did not appreciate as much as prices in many other markets. This is because our home prices didn’t fall as drastically as other areas of the county. A continued shortage Metropolitan Statistical Areas (MSAs)
Cedar Rapids, IA Davenport-MolineRock Island, IA-IL Des MoinesWest Des Moines, IA Dubuque, IA Iowa City, IA USA
of listings and low, but rising interest rates may impact home prices locally. According to the Federal Housing Finance Agency, of the 287 MSAs (Metropolitan Statistical Areas) ranked by home price appreciation, all of our markets in eastern Iowa ranked in the top 68% in the nation – Cedar Rapids at 194th, Quad Cities at 170th, Dubuque at 123rd and Iowa City at 108th. Our local markets continue to provide a much more stable environment for purchasing homes and investing in real estate than most other markets nationally.
2013 3rd Quarter National Ranking of 287 MSA’s*
194
Percent Change in House Prices 1 Year 5 Year
+1.19%
+1.33%
170
+1.67%
+3.93%
160
+2.09%
-0.50%
123 108
+3.08% +3.74% +8.44%
+9.71% +5.32% +0.15%
Information courtesy of Federal Housing Finance Agency (FHFA) for third quarter 2013. FHFA stats always run one quarter behind. Their full report is accessible at www.fhfa.gov. *Rankings based on annual percentage change in house prices.
4 • RuhlHomes.com
Through December Burlington Area (Burlington Board of Realtors)
Cedar Rapids Area (Cedar Rapids Area Assoc. of R Southeast Cedar Rapids Northeast Cedar Rapids Southwest Cedar Rapids Northwest Cedar Rapids Hiawatha & Robins Marion
East of I-380: Mechanicsville, Anamosa, Mt. Vernon, Li West of I-380: Walford, Fairfax, Atkins, etc. Corridor Area: Solon, Ely, Swisher Condominiums
Clinton, Camanche & Fulton (Clinton Board of Real DeWitt (Quad City Area Realtor Assoc.) Dubuque Area (Dubuque Board of Realtors) Dubuque North, South and West Dubuque Illinois Wisconsin
Galena & Surrounding Area (Realtor Assoc. of Nort
Illinois Quad Cities (Quad City Area Realtor Assoc. Rock Island Milan & Rural Rock Island County Moline Coal Valley, Rural Moline, Miscellaneous East Moline & Silvis Port Byron, Upper Rock Island County Mercer County Henry County Condominiums Iowa Quad Cities (Quad City Area Realtor Assoc.) Davenport Bettendorf & Riverdale Blue Grass, Buffalo, Durant & Walcott LeClaire, Pleasant Valley & Princeton North Scott County Miscellaneous Condominiums Iowa City Area (Iowa City Area Assoc. of Realtors) Iowa City Coralville Northwest Iowa City Northeast Iowa City Southeast Iowa City Southwest Iowa City Corridor Area Miscellaneous
Condominiums Maquoketa, Preston & Bellevue (Jackson County M
Muscatine & Wilton Area (Muscatine Board of Realt Muscatine Wilton Muscatine Outlying Condominiums Washington Area* (English River MLS)
Wisconsin - Grant & Lafayette Co. (S. Central Wisc
(This representation is based in part on data supplied by the REALT MLS) responsible for its accuracy. Data maintained by the Boards or their