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Archive for September, 2018

Las Vegas Sold Data from Congress Realty

J. Andrew English J. Andrew English
Thursday, September 13th, 2018

I have noted in previous articles that various MLS’s track sold data. I am a HUGE fan of this because it allows agents to provide factual data to the public regarding who sold what home. Gone are the days of agents being able to claim they are a “top agent” without actual proof. Years ago, full fee Realtors(R) would try and acquire listings by using fear tactics during a listing presentation with a seller. For example, they might say something like, “No agent will show listings from Company XYZ”… etc… With MLS’s closely tracking sold data in today’s market, homeowners can verify which agents are actually getting results.

Is it a perfect system? The one big flaw involves Real Estate Teams. A Real Estate team is a group of Realtors working under 1 team name or 1 team leader. This can skew the data when looking at agent productivity results. For example, let’s say the “John Smith Team” has 8 agents and all of the agents report listings they sell under the John Smith Team ID. This will cause the John Smith Team to display the work of 8 agents under 1 name. Thus, giving them an unfair advantage when comparing the sold data of 1 agent versus another.

So what is happening in Las Vegas and where does Congress Realty rank?

Quite frankly, the results are astounding. There are over 10,000 agents in Las Vegas and according the GLVAR, through Sept 12th, 2018, we rank #18 in total sold data for the year of 2018. Of the 17 agents in front of us, over HALF are teams and not individuals. In addition, a few others “ahead” of us are simply BANK REO vendors. If you just look at individual agents selling non foreclosure properties, we rank in the top 5 of Real Estate Agents in sold data in the Las Vegas and Henderson area. It’s a fact. The data published by the GLVAR documents this.

So what does the term “sold data” really mean?  Sold data means how many properties did you sell and what was the total dollar amount of the properties you sold.

If you are in Las Vegas and you’d like the list produced by the GLVAR, reach out to us and we can send you a PDF file of the top 100 agents in Las Vegas by sold data.

Needless to say, I am super excited about the results. I lived in the Las Vegas area for years and still spend a lot of time in the area. It’s one of my personal favorite locations.

We finish highly ranked in other markets as well. This includes in the top 100 in DFW. (where over 30,000 agents are present) We have finished #1 not only in Phoenix but also the entire state of Arizona.