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RealtorEdge
F E B R U A R Y 2 0 1 0
MLS Statistics for RAGFL*
January 2010 iCheck Error Rules and Statistics
Description
Errors
Errors
Errors
Today
Last 30 Days
Previous 30 Days
Contact Info in Remarks Field . . . . . . . . . . . . . . . . . . 0 . . . . . . . . . . . . . . . . . 53 . . . . . . . . . . . . . . . . . 74
Contact Info in Internet Field . . . . . . . . . . . . . . . . . . . 2 . . . . . . . . . . . . . . . . . 50 . . . . . . . . . . . . . . . . . 48
URL in Remarks Field . . . . . . . . . . . . . . . . . . . . . . . . 2 . . . . . . . . . . . . . . . . . 30 . . . . . . . . . . . . . . . . . 33
URL in Internet Field. . . . . . . . . . . . . . . . . . . . . . . . . . 1 . . . . . . . . . . . . . . . . . 47 . . . . . . . . . . . . . . . . . 61
Invalid Broward County TaxID in FOLIO Field . . . . . . 0 . . . . . . . . . . . . . . . . . . 1 . . . . . . . . . . . . . . . . . . 2
Invalid Dade County TaxID in FOLIO Field . . . . . . . . 0 . . . . . . . . . . . . . . . . . . 0 . . . . . . . . . . . . . . . . . . 7
Invalid Palm Beach County TaxID in FOLIO Field . . . 0 . . . . . . . . . . . . . . . . . . 1 . . . . . . . . . . . . . . . . . . 2
Style Mismatch. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 . . . . . . . . . . . . . . . . . . 5 . . . . . . . . . . . . . . . . . 12
Open House in Remarks Field . . . . . . . . . . . . . . . . . . 0 . . . . . . . . . . . . . . . . . . 8 . . . . . . . . . . . . . . . . . . 7
Active with No Showings in Remarks Field . . . . . . . . 0 . . . . . . . . . . . . . . . . . 14 . . . . . . . . . . . . . . . . . 20
Invalid Compensation Fields . . . . . . . . . . . . . . . . . . . 0 . . . . . . . . . . . . . . . . . . 7 . . . . . . . . . . . . . . . . . . 0
Unacceptable Phrases in Remarks Field. . . . . . . . . . 1 . . . . . . . . . . . . . . . . . 36 . . . . . . . . . . . . . . . . . 32
Unacceptable Phrases in Internet Field . . . . . . . . . . . 0 . . . . . . . . . . . . . . . . . . 5 . . . . . . . . . . . . . . . . . 10
Unacceptable Information in Subdivision Field . . . . . 0 . . . . . . . . . . . . . . . . . . 0 . . . . . . . . . . . . . . . . . . 0
Branded Virtual Tour. . . . . . . . . . . . . . . . . . . . . . . . . . 2 . . . . . . . . . . . . . . . . . 47 . . . . . . . . . . . . . . . . . 60
Expected Closing Date not updated. . . . . . . . . . . . . . 0 . . . . . . . . . . . . . . . 1417 . . . . . . . . . . . . . . . 1758
DOM Refresh . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 . . . . . . . . . . . . . . . . . 77 . . . . . . . . . . . . . . . . . 78
Duplicate Listing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 . . . . . . . . . . . . . . . . . 11 . . . . . . . . . . . . . . . . . 31
Courtesy Notice Statistics
Description
Notices
Notices
Notices
Today
Last 30 Days
Previous 30 Days
Listings Set To Expire in 10 Days. . . . . . . . . . . . . . . 61 . . . . . . . . . . . . . . . 2,530 . . . . . . . . . . . . . . .4,408
Listings Set To Close in 10 Days . . . . . . . . . . . . . . . 62 . . . . . . . . . . . . . . . 2,773 . . . . . . . . . . . . . . .3,701
Agent Reported Statistics
Description
Notices
Notices
Notices
Today
Previous 30 Days
Previous 30 Days
Possible errors reported by members . . . . . . . . . . . 30 . . . . . . . . . . . . . . . . . 94 . . . . . . . . . . . . . . . . 206
While it's virtually impossible to manually check every listing entered into the MLS system, iCheck automates a large portion of
that task, making for faster and better oversight. It provides a near real-time level of quality and control, both in verification of
data and rules compliance, and automated notification of corrections needed. iCheck ­ Enhancing the Accuracy of MLS Data
Previous
Previous
January 10
Month Change
Year Change
New Listings
Single Family
1,319
1,182
12%
1,488
-11%
Condo-Townhouse
1,837
1,585
16%
1,965
-7%
Total all Property Types
4,903
4,440
10%
5,580
-12%
Pending Inventory
Single Family
838
788
6%
660
27%
Condo-Townhouse
1,224
1,043
17%
708
73%
Single Family Sold
Closed Sales
535
632
-15%
378
42%
% REO
31%
26%
19%
Average Sale Price
$274,160
$280,999
-2%
$267,836
2%
Median Sale Price
$205,000
$200,750
2%
$205,500
0%
Total Sold Dollar Volume
$146,675,600
$177,591,368
-17%
$101,242,008
45%
Closed in 30 Days
44%
41%
7%
30%
47%
60 Days
11%
13%
-15%
19%
-42%
90 Days
11%
10%
10%
12%
-8%
120 Days
9%
8%
13%
8%
13%
121+ Days
25%
28%
-11%
31%
-19%
Condo-Townhouse Sold
Closed Sales
761
752
419
Average Sale Price
$125,326
$134,624
-7%
$127,528
-2%
Median Sale Price
$75,000
$85,000
-10%
$86,100
-11%
Total Sold Dollar Volume
$95,373,086
$101,237,248
-6%
$53,434,232
78%
Closed in 30 Days
40%
39%
3%
29%
38%
60 Days
16%
13%
23%
20%
-20%
90 Days
10%
9%
11%
12%
-17%
120 Days
6%
8%
-25%
11%
-45%
121+ Days
28%
31%
-10%
28%
0%
Available Inventory
Single Family
5,965
6,024
-1%
10,000
-40%
Months of Available Inventory
11
10
10%
26
-58%
% REO or Short
34%
35%
-3%
n/a
n/a
Condo-Townhouse
8,985
9,327
-4%
13,520
-34%
Months of Available Inventory
12
12
0%
32
-63%
% REO or Short
32%
32%
0%
n/a
n/a
Total all Property Types
22,256
23,196
-4%
32,840
-32%
*Note: The above statistics were compiled early February, additional sales for January may be reported that are not re
flected.
Y
ou asked for it, and we
brought it to you. RAGFL
once again put together
an all-star panel of national, state
and local housing experts to discuss
what the real estate market is really
going to look like in 2010 at our
recent RAGFL Housing Summit on
Thursday, January
28th. Moder-
ated by RAGFL
CEO Richard W.
Barkett, Broward
County Property
Appraiser Lori
Parrish kicked
off the program
by discussing the fate of our property
values and taxes. Always an informa-
tive session, she covered key topics
such as: the new reduction for Chi-
nese Drywall, how to dispute a tax bill
and the short & long term outlooks
for my property value. Then HUD's
Miami Field Office Director Arman-
do Fana got the audience up-to-date
with the recent regulatory changes
and new guidelines regarding Good
Faith Estimates and HUD 1 Settle-
ment Statements among other issues.
After a quick break, State Rep
Ellyn Bogdanoff, House Minor-
ity Leader Franklin Sands & Florida
Realtors
®
VP of Public Policy John
Sebree engaged in a healthy discus-
sion about key real estate issues such
as that will likely dominate the 2010
Legislative Session such as the caps
on Housing Trust Funds, the state's
budget deficit and Amendment 4.
The event concluded with Key-
note Speaker Jed Smith, NAR's Chief
Economist for Quantitative Research
gave us a glimpse into the future of
the real estate market­­beyond the
numbers. While Jed provided favored
market statistics, he also told partici-
pants what we can really expect in
2010... how other factors will affect
our real estate market such as: land-
locked retirees, government interven-
RAGFL Housing Summit Draws Largest Crowd to Date
Key event brings members valuable, real time information
tion and fluctuating interest rates.
We thank everyone who at-
tended this great event including
our key speakers. We'd also like
to thank our generous sponsors
such as: Roberto & Associates
Title Agency & Closing Services;
Home Team Inspection Services;
Promotional Breezes; Two Men
and a Truck; First American Home
Buyers Protection Corporation;
Citibank; Coastal Title Residen-
tial & Commercial Title Services;
Safeguard Security International
and the National Association of
Realtors
®
. View more photos at