25th June 2019: REB Top 50 Women in Real Estate 2019

The 2019 REB Top 50 Women in Real Estate has been revealed.

These women represent a high-performance group of agents who set an incredible standard; one that is difficult to keep pace with now, let alone pass in the years ahead.

Now in its fourth year, the REB Top 50 Women in Real Estate ranking for 2019 has been unveiled. It has established itself as the performance benchmark for female agents in the country.

The ranking celebrates the industry's leading women and recognises their contribution to the elite performance standards the industry demands of its top achievers.

Set against a series of serious challenges, this year's REB Top 50 Women in Real Estate represents a high-performance group of agents who set an incredible standard; one that is difficult to keep pace with now, let alone pass in the years ahead.

The metrics used to generate the REB Top 50 Women in Real Estate ranking include the number of properties sold, total dollar volume of properties sold and the average sale value. Each agent is ranked comparatively across these three metrics against their peers, with the combined comparative score used to determine the top-ranked women agents in the country.

Close analysis of the 2019 REB Top 50 Women in Real Estate ranking statistics throws up some interesting observations that are not altogether surprising given the market's current turbulences.

The total number of sales for the whole group fell to 3,514 in 2019, from 3,991 in 2018 after it had settled at 3,391 in 2017 and 3,450 in 2016. But for the top 10 performers, total sales set a new high-water mark in 2019 at 983 after it had reached 829 last year and hovered at 759 in 2017 and 773 in 2016.

$4.89 billion

Total Value of Sales

$97.9 million

Average Value of Sales per Agent

The total dollar value of sales fell to $4.89 billion from $5.47 billion in 2018 for the top 50 women, from $5.01 billion in 2017 and $4.48 billion in 2016. For the top 10, it fell marginally to $1.63 billion this year, from $1.69 billion last year, but up from $1.55 billion in 2017 and $1.42 billion in 2016.

This year's stats show that the profile of a top 10 woman agent has changed quite remarkably from what it looked like a year ago.

This year, the top 10 agents have 16.5 years' experience and 2 support staff, reversing from 17 years' experience and 1.8 support staff members in 2018.

$1.39 million

Average Sales Price

Significantly, they list 116 properties that are sold in 42 days in 2019, quite a way off from the 86 properties listed in 2018 and sold after an average of 29 days on market.

Their average selling price is down in 2019 too; from $2.04 million in 2018 to $1.65 million, however their commission increased from 1.71 per cent to 1.88 per cent in 2019.

Top 50 agents' average days on market are also higher at 47 days, while their average sales price is lower at $1.39 million. Their commission is lower than a top 10 performer at 1.78 per cent and they employ an average of 1.75 support staff members – well less than the 2 employed by a top 10 agent.

This is largely consistent with a top 50 profile a year ago, save that their average days on market are noticeably higher, at 47 against 34 in 2018. The top 50 agent's average sales price is up by 20,000
but their commission is down to 1.78 per cent from 1.84 per cent in 2018.

A big congratulations to our very own Fletchers Projects Director, Nancy Hu, for achieving the highest total sales volume and highest number of sales, awarding her 9th place in the REB Top 50 Women in Real Estate for 2019. Consistently regards as one of the highest performing real estate agents in Australia, her hard work and determination continue to make her an asset to our team.

Read the original article here: REB Top 50 Women in Real Estate 2019