January 2012 Newsletter
IN THIS ISSUE
2012 Road Map Reporting Home Sales REALTOR.COM FIND Home Sales Stats
2012 Road Map

The saying "out with the old, in with the new" is usually heard this time of year. I believe that will be the motto for WRIST this year. We have several new products contracted to make available to our members, so 2012 promises to be the biggest year of change for WRIST since switching from NetMLS to MLXchange.

The timeline is based on our most reasonable projections based on today's information. Please note that these timelines are not permanent.

We ended 2011 with a soft rollout of a new product called FIND. Please read the article in this month's newsletter about FIND and watch the short introductory video. We plan on reviewing this during training that will be offered in February at several locations around the WRIST area.

In January, we will be making a mobile application available for MLXchange. We have included as many searchable fields as possible and there will be some listing maintenance fields as well. This will be real time data easily available to all members.

In February, we will be replacing GeoJet with Realist property data. This will be a wealth of information for our membership and will cover 11 counties. This software will be seamlessly embedded within the MLS and volumes of data will be just a click away. We will schedule morning and afternoon training sessions at several locations in the WRIST area, followed up with some continuing education hands-on opportunities.

Sometime in late spring we will be replacing MLXchange with a new updated MLS product called Fusion. We will again schedule training at multiple locations, followed by continuing education opportunities. Please note that MLXchange will still be available for several months so our members can switch over at their convenience.

Finally, once the new MLS system is up and running, we will be adding another product called Stats Pro. This product will also be seamlessly embedded into the system and will allow our members to query the database on almost any date field we collect.

The WRIST directors are able to make these improvements available to our membership throughout 2012 without the need for a price increase. I believe that when you consider the products and services we provide, verses the cost and our size, that we truly have the best value proposition of any MLS in the state of Ohio.

 

REALTOR.com FIND Training Video Reporting Home Sales

VIEW THE TRAINING VIDEO BY CLICKING IMAGE BELOW

CLICK HERE TO DOWNLOAD THE "FIND" QUICK REFERENCE GUIDE

 

WRIST will compile the 2011 complete yearly home sales statistics and will have them available in the February 2011 newsletter.  The statistics will be broken down by individual counties and also by individual MLS defined areas.

Please take a moment and review your home sales in 2011 and make sure these properties are properly reported as sold  in the MLS computer system.

It is important to the MLS to have complete and accurate information in order for these statistics to have value and project a true representation of the housing market in our MLS area.

 

What's Happening in the Online Real Estate Marketing World?
LISTHUB has provided reports detailing website traffic on it's online marketing channels.   Visit the following link to access this report.

LISTHUB TRAFFIC REPORT

 

November 2011 Sales Stats
       
  Average Sale Price Total Volume # of Sales
Auglaize $116,964 $3,274,992 28
Champaign $101,655 $2,033,100 20
Clark $94,793 $6,351,131 67
Logan $154,000* $5,082,000 33
Mercer $103,300 $1,549,500 15
Miami $124,373 $6,591,769 53
Shelby $104,918 $3,042,622 29
All Areas $109,207 $33,744,963 309

RESIDENTIAL & CONDO PROPERTY TYPES INCLUDED.

THE AVERAGE DAYS ON MARKET FOR PROPERTIES SOLD IN NOVEMBER 2011 WAS [160 DAYS].

DATA SUBJECT TO ERRORS, OMISSIONS, REVISIONS - NOT WARRANTED.

 

* The Average Sale Price for Logan County includes $1+ million property sale.  With 33 properties sold in Logan County, this sale drastically changes the average sale price.   With this sale omitted from the stats, the Average Sale Price is $122,875.

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