Las Vegas, NV, July 26, 2014 --(PR.com
)-- Lori and Richard Ballen, who started and own The Ballen Group, were thrilled to discover they were awarded the Top Producing Las Vegas Real Estate Team award for the month of June. In the month of June, The Ballen Group made 11 home sale closings which brought them to the top production of the month in their Keller Williams Realty Las Vegas market center.
According to Lori Ballen, The Ballen Group’s Las Vegas real estate agents, “Played well and finished strong in closings.” If The Ballen Group continues to have more months like June, they would surpass the $25,000,000 in total production mark in 12 months.
Tom Wirt, who has been with The Ballen Group for over 3 years, had a total production of a million dollars, $1,121,400.00 to be exact. The Ballens were thrilled with Tom having what they call, “A Million Dollar Month.” Overall, Tom had the top closings this month which greatly helped the entire Ballen Group to achieve the Top Producing Las Vegas Real Estate Team award from Keller Williams Realty Las Vegas.
Tom Wirt also had the most listings closed, meaning he helped sell the most Las Vegas homes in June. Tom also had the most listings taken, meaning he put the most Las Vegas homes on the market, as well as the largest amount of escrows in June. These escrows are set to close in the month of August, promising another great upcoming month for Tom and the rest of The Ballen Group.
As was stated earlier, The Ballen Group closed 11 Las Vegas home transactions in the month of June. This led to a total production of $2,454,287.00 for the entire team. Two other real estate agents beside Tom Wirt helped in this total production number. Lynn Snider helped in the sale of a beautiful Las Vegas home which closed at $595,920.00. Another buyer’s agent found a Las Vegas family their dream home which closed in June and brought his total production numbers up to $736,967.00.
Tom Wirt also found a Ballen Group client their dream home which closed at the price of $289,000.00. Tom’s top listing closed was $832,400. Out of the 11 home transactions that were closed by The Ballen Group in June, 7 of those homes were listings. The 7 listings that closed amounted to $1,428,320, which is just under 60% of the total production number in June.
The Ballen Group put 5 listings on the market this month. This top producing Las Vegas real estate team took a Total Listing Volume of $586,500.00 in June. Again, Tom had the highest listing taken volume as he took 4 of the listings amounting to $414,000.00 in projected sales. Another agent took a listing amounting to $172,500.00 which has just closed escrow this week.
In June, the escrow amounted to $3,823,350.00 in total production anticipated. Tom Wirt led the group in that he has a total escrow volume of $2,234,050.00 in total production anticipated. Las Vegas listing agent Lynn Snyder followed with $814,900.00 in total production anticipated. Sandy Vong, a buyer’s agent, currently has $555,900.00 in total production expected.
Not only did The Ballen Group have a great month in June, but the entire Southern Nevada real estate market did as well. The Southern Nevada real estate market trend continues to show improvement in some areas, as it has since August 2013. This is particularly true for resale closing prices. In April 2014, resale closing prices were up 14.6% from the same time last year, setting a new post-recession high. The median home price for new homes showed a 19.7% increase, when compared to the same time in 2013. New home closings by sales volume are down considerably from a year ago in both the resale market and for new homes, yet the price points are up by nearly 20% over last year.
Foreclosure volumes are also down in the Las Vegas area. Non-distressed closings accounted for the bulk of April’s sales, with 72.3% of closings in the resale market falling into this category. Bank-owned properties accounted for the next largest category, at 11.1%, with short sales following at 9.8%. The short-sale median price is up 27.3% over one year ago.
The Ballen Group at Keller Williams Realty Las Vegas was started and is owned by Richard and Lori Ballen. The Ballens became Las Vegas real estate agents in 2007 and moved to Keller Williams a few years later. After Richard and Lori Ballen moved to Keller Williams they began to build their own team of top producing Las Vegas real estate agents. The Ballens live in Summerlin with their family and frequently travel the United States teaching others how to build a team and market their company.
The Ballen Group at Keller Williams Realty Las Vegas
3046 S Durango Drive #100
Las Vegas, NV 89117