Market History
Since 1970, both home prices and the number of real estate agents have continually increased while the same 6% commission has been charged.
| Year | No. of Agents | Population1 | Median Sales Price | |
|---|---|---|---|---|
| 1970 | 813 | 967,522 | $62,000 | |
| 1990 | 16,537 | 2,122,101 | $82,000 | |
| 2000 | 23,850 | 3,072,149 | $131,000 | |
| 2009 | 41,176 | 4,203,4592 | $155,000 |
As you can see, the sales price of homes has gone up $93,000 resulting in an increase in sales commissions of $5,580 per transaction. This increase in transaction volume and revenue has resulted in an increase of over 40,000 additional agents entering the market. Rather than fees dropping and the market changing to become more specialized as is the standard for other markets, the residential real estate market has simply continued to accept above market profits without considering a change in fees.
In conclusion, we believe receiving the highest quality service for appropriate fees is the best way to sell your home. At PEM Premier Properties, we can do exactly that. If you are interested in learning more about what we can offer you, please contact us at (480) 422-6933.
1 Population numbers are for Maricopa County
and are from the census reported on each corresponding year.
2 This number is an estimate based on the last
reported figure of 3,907,492 from the 2007 census