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Realtor.com® Reveals Top Price-Boosting Summer Home Features

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Outdoor showers garner the highest listing premium, while barbecues, backyard fireplaces and fire pits and pools add to home value

Santa Clara, CA – June 22, 2018 (PRNewswire) With summer heating up, a new analysis from realtor.com®, The Home of Home Search℠, shows homes with amenities geared toward summer activities have major appeal for buyers. In fact, homes with summer features are often listed with at least 10 percent higher prices than similar homes in the same state.

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In rank order, the summer features correlated with highest price per square foot boost when compared to similar homes without it include: outdoor showers with a 97 percent price per square foot premium, barbecues with a 26 percent premium, entertainers pool or spa with a 26 percent boost, fire pits or outdoor fireplaces with a 25 percent jump, and zoned sprinklers that offer a 21 percent lift.

“Buyers love special features that enable them to get the most out of the summer months, and are willing to pay more for a home that has them, according to our analysis,” said Javier Vivas, director of economic research for realtor.com®.

Realtor.com® looked for common summer-related terms in listings of single-family homes listed for $150,000+ that appeared on realtor.com® in May 2018.

Outdoor showers power prices
Outdoor showers are highly desirable when it comes to summer features. Mentions of them are associated with the largest listing-price premiums of any feature analyzed. This is probably, in part, because they typically indicate waterfront property or extra amenities.

Homes with outdoor showers tend to list for nearly double the asking price per square foot of other homes. In some states, the added value is even more pronounced: In New York, homes with an outdoor shower list for 256 percent more per square foot than other for-sale homes. Massachusetts has by far the largest proportion of active listings featuring outdoor showers, at 8.9 percent.

Barbecues, fireplaces and fire pits all heat up listing prices
The most popular summer-fun listing feature is a barbecue grill. Barbecues are mentioned in nearly 9.6 percent of U.S. listings, and are most popular in Arizona and California where they appear in 15.8 and 9.5 percent of listings, respectively.

Homes with barbecues are 26 percent more expensive than similar homes without them. Buyers in just about every state can expect to pay more for homes with this feature, with Utah homes mentioning barbecues listing for 58 percent more per square foot than the typical home in the state.

On average homes that offer fireplaces and fire pits are priced 25 percent higher than similar listed homes in their area. They’re most popular in Indiana where 7.2 percent of all listings mention them. Following closely behind are North Carolina, Idaho and California, each with proportions above 5 percent.

Entertainer’s pool or spa keeping partygoers cool in Florida, California, Arizona and Hawaii
Homes that offer pools with space for friends and family to hang out nearby – known as an “entertainer’s pool” — are listed 26 percent higher than similar homes without the feature. New York sees the largest gains in price per square foot, at 224 percent, effectively tripling the price of homes associated with this major backyard feature.

Entertainer pools are most popular in Florida, where they were mentioned in more than 3 percent of listings. California, Arizona, and Hawaii follow closely, with mentions in just over 2 percent of listings.

For the full report, with full top 10 lists by amenity please visit: www.realtor.com

About realtor.com®
Realtor.com®, The Home of Home Search℠, offers the most comprehensive source of for-sale MLS-listed properties, among competing national sites, and access to the information, tools and professional expertise to help people move confidently through every step of their home journey. It pioneered the world of digital real estate 20 years ago, and today is the trusted resource for home buyers, sellers and dreamers by making all things home simple, efficient and enjoyable. Realtor.com® is operated by News Corp [NASDAQ: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. under a perpetual license from the National Association of REALTORS®. For more information, visit realtor.com®.

Media Contact:

Tammy Lee
tammy.lee@move.com

AgencyLogic Blog Listed as ‘Top Real Estate Blog’ on Broadley.com

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Thank you broadly.com for listing the AgencyLogic blog as one of the top blogs in real estate!

top real estate blog

Broadly was founded in 2013 and has grown rapidly to support thousands of local businesses and provide an intuitive solution that fits easily into their daily lives. They state:

“The PowerSite Blog, which is also referred to as the AgencyLogic Blog, is a page that’s designed to motivate real estate professionals to make more money. The blog is packed with facts, figures, and key metrics so that users can quickly understand market changes. The page also goes into details about the real estate ramifications of the new tax plan.”

You can visit broadly.com by clicking here.

RE/MAX Rises to Top Five of Franchise 500

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Global Franchisor Once Again Named #1 Real Estate Franchise

Denver, CO – Jan. 15, 2018 (PRNewswire) RE/MAX, LLC, one of the world’s leading franchisors of real estate brokerage services, is ranked fifth among the 500 franchise companies included in this year’s Entrepreneur Franchise 500® survey. More than 1,000 franchisors applied for the 39th annual ranking.

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The franchises in the top spots reveal the newest trends as well as the industries that keep going strong decade after decade, according to Entrepreneur. RE/MAX rose five spots to finish fifth, the highest ranking it has ever achieved in the survey. Only McDonald’s, 7-11 Inc., Dunkin’ Donuts and The UPS Store ranked higher. The 2018 Franchise 500 marks the 15th time in 19 years that RE/MAX is the top real estate franchisor.

“Nobody in the world sells more real estate than RE/MAX as measured by residential transaction sides,” said Adam Contos, Co-CEO of RE/MAX. “Broker/owners and agents want to be affiliated with the number one name in real estate because of our brand awareness, continued education, on-demand training, competitive advantages and technology. Entrepreneur continues to rank us higher than our competitors, and that’s because of the unmatched quality of the real estate professionals in the RE/MAX network.”

Highlights of the 2018 Franchise 500 survey include:

  • RE/MAX ranked #5 overall, up from #10 in 2017, #21 in 2016 and #75 in 2015
  • RE/MAX ranked #1 among real estate franchise
  • Other real estate competitors were Keller Williams Realty at #22, HomeVestors of America at #37, Weichert Real Estate Affiliates at #139, Realty One Group at #230, Realty Executives at #424 and United Real Estate at #471.
  • The top 10 overall standings include #1 McDonald’s, #2 7-11, #3 Dunkin’ Donuts, #4 The UPS Store, #5 RE/MAX, #6 Sonic, #7 Great Clips, #8 Taco Bell, #9 Hardee’s and #10 Sport Clips.

The Franchise 500 is considered the oldest and most comprehensive franchise ranking in the world. Companies judged by the same criteria including costs and fees, size and growth, support, brand strength and financial strength and stability. To be eligible, franchisors must be seeking new franchises in the United States or Canada and have a minimum of 10 units open and operating as of July 31, 2017, with at least one franchise located in North America.

From a single office that opened in 1973 in Denver, Colo., RE/MAX has grown into a global real estate network with more than 115,000 sales associates in more than 100 countries and territories. RE/MAX was ranked the leading real estate franchise for the ninth consecutive year in the 2017 Franchise Times Top 200+® survey and was named the top real estate franchise in Entrepreneur’s 2017 Top Global Franchises list.

About the RE/MAX Network
RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Over 115,000 agents provide RE/MAX a global reach of more than 100 countries and territories. Nobody sells more real estate than RE/MAX when measured by residential transaction sides. RE/MAX, LLC, one of the world’s leading franchisors of real estate brokerage services, is a wholly-owned subsidiary of RMCO, LLC, which is controlled and managed by RE/MAX Holdings, Inc. (NYSE: RMAX). With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $157 million for Children’s Miracle Network Hospitals® and other charities. For more information about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.com. For the latest news about RE/MAX, please visit www.remax.com/newsroom.