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Exclusive research has uncovered the agents recording the shortest average days on market.
The REB Top 100 Agents ranking, partnered exclusively by ActivePipe, was handed down on Tuesday, 28 April.
The ranking sets the benchmark for success in residential real estate sales, identifying those a cut above the rest.
Among the measures recorded within the ranking is an entrant’s average days on market.
This year, the agent recording the shortest days on market is Nigel Mukhi of Di Jones Real Estate – Neutral Bay, with 14 days on average.
Mr Mukhi was followed by Maclay Longhurst of Bresic Whitney Estate Agents – Darlinghurst, with 18 days on average.
Coming in third for the shortest days on market was David Murphy of David Murphy Residential – Mosman, with 19 days on average.
Rounding out the top five for shortest days on market was Solomon Soner of Team Solomon Estate Agents and Piers van Hamburg of Di Jones Real Estate – Neutral Bay, who both recorded 20 days on average.
Collectively speaking, the REB Top 100 Agents ranking revealed the average days on market for the top 100 sat at 45 days — the same as in 2019’s ranking.
Meanwhile, the average top 10 agents recorded 42 days in 2020 and 41 days in 2019.
Elsewhere, the ranking uncovered the real estate agents recording the highest average sale price year-on-year.
This year’s ranking revealed the average sale price saw a slight decrease to $2.2 million for the top 10, from $2.4 million in 2019. In 2018, the average sale price for the top 10 was $2.5 million, and in 2017 it was $2.0 million.
“The average sale price for the top 100 was much lower collectively at $1.4 million,” the ranking said.
“The average commission for the top 10 in 2020 remained consistent with 2019 at 1.67 per cent.
“In comparison, the average commission for the top 100 sat at 1.77 per cent in 2020.”
Click here to access this year’s full report and find out who else made the cut in this year’s ranking.
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ABOUT THE AUTHOR
Emma Ryan
Emma Ryan is the deputy head of editorial at Momentum Media.
Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.
Email Emma on: Emma.Ryan@momentummedia.
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