TO:  All Mel Foster Co. Agents & Personnel

 

FR:  Rob Fick

 

RE:  Company Update - 6 Months Residential & Commercial Activity

 

Interest rates are the lowest they have been in several decades and you have been working diligently with your buyers and sellers - and it shows.

 

Our year-to-date closed volume for residential and commercial sales through the end of June  is up 42.33% from the same period in 2009.  The monthly June closed volume was up 58.49% and closed sides was up 40.75% over June 2009.

 

Overall agent production year-to-date through the end of June 2010 is up 10.83% from 2009.

 

Our IA & IL market share for residential and condo closed sales is holding steady and leading by 7%.  In our IA market, our YTD market share leads by 7.5% and our IL market share leads by 5.7%.

 

Our new construction residential and condo market share continues to dominate in our IA & IL combined market for a YTD of 48.6%, leading the market by 16.4%.  In our separate Iowa and Illinois markets, IA market share leads by 14.9% and IL market share leads by 19.2%.

 

Thank you for your dedication and hard work in making our first half of the year strong and profitable.

 

I'd also like to take this opportunity to welcome our agents who joined us in June.  New agents, Ben Graw in Commercial and Desiree Craig in the I-74 office and transferring agents from Ruhl&Ruhl, Mary Leslie-Douglas - Clinton office and Marty Berchtold - I-74 office.  I am proud you have chosen to join Mel Foster Co. and wish you a very successful future.

 

 

Thank you for 'Making It Happen'!

 

Respectfully,

 

Rob Fick