Realtors® and Dead Cats: What does your market look like?

By
Commercial Real Estate Agent with Contour Investment Properties

I've been hearing how easy it is to hit a Realtor® by swinging a dead cat, so I thought I'd do a little research. I couldn't find a source that tracked dead cats, so I focused on the number of Realtors instead. In Hawaii, there's a licensed Realtor for every 161 people, but in West Virginia you'd need to whack 648 people with that cat to be sure you hit a Realtor.

I looked up the stats for my local market, Jackson Hole, WY, and WOW! Just over 400 licensed Realtors belong to the local board, and the year-round population here is just 20,000. That works out to be one Realtor per 50 people in Jackson Hole, WY! It was even worse in 2008, when there were some 1,000 licensed agents, making the ratio an astounding 1 Realtor per 20 people. One in Twenty. Think about it. Now that's competition.

Or is it? 60% of those agents have disappeared in the past two years, as the real estate market collapsed. How much business did they really do? How many were part timers, listing only family property, or getting a license because the business seemed so easy?

What does your market look like?

Realtor to Population Ratio 2010

Posted by

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

CCIM logoTim Bradley is an owner of Contour Investment Properties, the only brokerage firm in Jackson exclusively focused on commercial and investment property in Jackson Hole and Teton Valley. Tim has earned the MAI designation from the Appraisal Institute as well as the CCIM designation from the CCIM Institute.

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Re-Bloggged 2 times:

Re-Blogged By Re-Blogged At
  1. Joe Kenny 06/12/2011 11:21 PM
  2. Bob & Leilani Souza 06/23/2011 01:26 PM
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Topic:
ActiveRain Community
Location:
Wyoming Teton County Jackson Hole
Groups:
Posts to Localism
Realtors®
Running a Brokerage
The Lounge at Active Rain
"Whacked"!!!
Tags:
jackson hole real estate
realtor

Comments 31 New Comment

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Rainmaker
1,084,342
Jim Frimmer
Realtor & CDPE, Mission Valley specialist
HomeSmart Realty West

When I started in August 2005, my mom said, "But there are so many of you!" So many of them are not here in August 2011. I am!

August 31, 2011 11:10 PM
Rainmaker
251,501
Tim Bradley
Commercial Real Estate Expert in Jackson Hole, WY
Contour Investment Properties

Russel AND Jim?? Hi guys! Thanks for stopping by, and I'll be posting again soon, I promise...

August 31, 2011 11:54 PM
Rainmaker
599,425
Sandy Shores Broker, Melbourne FL
Brevard County FL Real Estate
M & M Realty of Brevard Inc.

Tim, Very interesting post. I remember at the peak of the market, everybody had a real estate license, because it was sooo easy.  We went from about 1000 Realtors to over 4000 in a couple of years.  Each new agent was good for one or two transactions.  It was crazy back then.  Now we are back down to under 1600, I believe.

September 15, 2011 04:48 PM
Rainmaker
335,435
Lloyd Binen
Silicon Valley R since 1976;408-565-8177
Certified Realty Services

Your featured post brough me over here.  I like the title.  Our State Association reported that there was 1 licensee per 54 adult Californians.  That may be right because many licensees are not NAR members.

Here's the old joke

Guy walks into a liquor store to cash a check.

The clerk asks to see his Real Estate license.

Guy says: "Real estate license?? Don't you mean my 'Driver's License'"

Clerk says: "Well, not everyone has a Driver's License.

haha

September 16, 2011 03:14 PM
Rainmaker
358,386
Cathy Bureau
Your Personal Real Estate Concierge
www.GreenHomeRealty.com

Tim, that's too funny!  I see Texas isn't too bad. I knew Hawaii was ridiculous, and I assume the others are high too with their huge bubbles.  I think in San Antonio there are 7,000 registered with the board with a pop of 2.2M for the greater MSA.  Austin has twice as many Realtors and half our population!  Have a good week!

November 02, 2011 03:34 AM
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Rainmaker
251,501

Tim Bradley

Commercial Real Estate Expert in Jackson Hole, WY
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Additional Information

Random musings by Tim, as well as a place to learn about the commercial real estate markets of Jackson Hole, Wyoming, presented by Contour Investment Properties