Buy Alexandria Real Estate: Balloons Flying Higher and Higher -- Sign of a Turnaround?

Alexandria Virginia Real Estate Blog

Balloons Flying Higher and Higher -- Sign of a Turnaround?

RE/MAX BalloonSign of a turnaround?

The CEO of my RE/MAX Allegiance franchise recently started a blog with his musings about real estate, the market, the industry, etc.  Charlie Bengel, Jr. unabashedly refers to our company as "The Greatest Real Estate Brokerage in the World"!  Since I've only ever been associated with one other real estate brokerage, in my little world, I'd have to concur.


Last week on The Bengel Blog, Charlie offered the following interesting statistics and anecdotal evidence of a pickup in market activity:

"RE/MAX Allegiance conducted 843 transactions     in September and 722 in October. These stats     may not seem like a big deal, but they may be.     See, that is two months in a row that we had an     increase in the number of transactions     compared with the same months last year. That     is the first time this has happened in years.   
Considering we have fewer Associates than we     did last year, this is quite an accomplishment and may point to the beginning of market improvements." [Emphasis added]


While, I don't have complete statistics on other companies sales, it appears that at least some balloons are flying higher and higher...




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Comment balloon 12 commentsBrian Block • November 17 2008 08:48PM


Congratulations to your office. Is it that Re/Max is doing better or all of North Virginia and DC? With the administration change in DC, will that signal more sales for the area?

Just Curious

Posted by Jill Ballard (Intero Real Estate Services) over 9 years ago

Hi Brian, That certainly is good news and I certainly hope that that data reflects a change for the better in all markets to come.

Posted by William Johnson, San Diego Real Estate Voice, GRI CRS e-Pro CDPE (RE/MAX Associates) over 9 years ago

I do belive Maryland has seen an 8% increase month to month from '07 to '08. Unfortunately, I don't have any stats for RE/MAX Advanatge. It's a tough market but it's not dead. It just seems that way.

Posted by Ken Montville, The MD Suburbs of DC (RE/MAX United Real Estate) over 9 years ago

Congrats Brian that is good to hear. I know I would not want to be anywhere else other than RE/MAX.

Posted by Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) over 9 years ago

Congratulations to you and your office. This is good news for consumers.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) over 9 years ago

Say that is good news!  I expect the change of administration will have a huge impact on your market (and probably on our world, but that's a road I won't go down in this forum). 

If we could get everyone to turn off their TV's, I believe the mindset could turn, and activity would follow the shifting minds.

Posted by Eric Webster, Grand Rapids, MI, Five Star Realty (Five Star Real Estate) over 9 years ago

Brian-I'm puzzled by the agents in our office who aren't doing much business.  There are plenty of sales happening as evdienced by the numbers.  Right now I'm looking at 3 closings in December and sitting on a 4th with a contingency that might make it. 

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 9 years ago

Brian - those are good stats !! It makes me want to get our firms stats too.  I hope the ice is cracking!  I think it is, and I just wish the news media would get buyers off the couch and out looking to buy!

Posted by Christine Bohn, The Bohn Team, Gainesville FL (RE/MAX Professionals) over 9 years ago

What a beautiful sight that is...glad to hear things are going well there.

Posted by Elaine Stewart, RE/MAX Consultants Palm Desert (RE/MAX Palm Desert #1 Agent 2017 to 2010) over 9 years ago

great job!  my office does very well for the number of agents we have compared to our competition.

Posted by David Slavin, CDPE, ABR, SRES Keller Williams Premier (Keller Williams Premier) over 9 years ago

Brian-Those are great stats for your office. I agree with Eric-get everyone to turn off their TV's and get out there and check out the inventory.

Posted by Joseph D. Federico, Eastern Massachusetts Real Estate (Donahue Real Estate Co.) over 9 years ago

Sounds great, maybe there is something that is going to happen. It has to start somewhere.


Posted by Richard Stabile, Bergen County New Homes Builder Realtor (Re/Max Real Estate Limited) over 9 years ago