FOR IMMEDIATE RELEASE
MEDINA, Minnesota, December 12, 2008 — John Murphy, a real estate agent with RE/MAX Results, Plymouth, MN office, was named a 2008 Super Real Estate Agent for Medina, MN by Mpls. St. Paul Magazine and Twin Cities Business.
Each year Mpls. St. Paul Magazine and Twin Cities Business, in collaboration with Crescendo Business Services, select their list of 650 Super Real Estate Agents for the Twin Cities. With over 18,000 agents in the Twin Cities, only 3.5% are named to this prestigious list. To view the list of this year’s Twin Cities Super Real Estate Agents visit: http://www.tcbmag.com/srea/
“I’m honored to be recognized so early in my real estate career by Mpls. St. Paul Magazine and Twin Cities Business as one of their Super Real Estate Agents for 2008 for specializing in Medina. I have spent the last two years, in part, focused on successfully selling upper bracket properties in Medina,” said John Murphy, RE/MAX Results agent and Publisher of John Murphy’s Medina Real Estate Report at http://www.MedinaReport.com. As a result of Murphy’s focus and commitment he is currently tied as the number one residential real estate agent for Medina, MN based upon closed transactions for 2008.
John Murphy’s business has continued to thrive despite the real estate correction. Highlights include:
- 2008 sales of $8.3 million on 17 closed transactions – 56% growth over 2007
- Average sales price: $488,000 which is twice the market average
- Murphy’s sellers achieved 93.75% of original list price at sale – nearly 2% better than the market average of 91.9% which translates in to $4,400 more for his sellers
- Days on the market until sale – 81 days versus the market average of 151 days – this means a more efficient sale for his sellers, fewer headaches, and more money in their pocket with a faster sale
“The market has shifted to a consumer driven model. Buyers and sellers expect much more of their agents today. Besides being able to help them buy and sell a home and make it a smooth transaction, buyers and sellers are looking for an advisor they can trust during this challenging market. They want innovation, expertise, forthright communication and they want sophisticated analysis as well as deep market knowledge on today’s prices” said Murphy.
Tony and Theresa Jace of Wayzata, MN hired Murphy to help them buy and sell homes this year and said, “John is the most innovative thought leader in real estate today, by compiling specific market data we were able to find a foreclosed home and act quickly. John’s knowledge of bank foreclosures allowed our transaction to close smoothly and we purchased a home with instant equity! In today’s market that’s not easy.”
Prior to launching his real estate career, Murphy’s unique background of 18 years in technology media – much of it spent working in San Francisco and Silicon Valley, where he was able to hone his marketing, advertising, and communications skills while leading large national sales organizations in a highly competitive and fast paced field. As a student of media and technology, Murphy has been able to deploy some of the most innovative and successful real estate marketing programs in the Twin Cities. His blog, http://www.MedinaReport.com is one of the top real estate blog sites in the Twin Cities providing market leading insight, trend analysis, and opinion.
John Murphy is regularly quoted in the Star Tribune for real estate articles. Clients of his were recently featured in a big story about luxury distressed properties in the Sunday Star Tribune November 2, 2008.
With the change in the market toward distressed sales and bank foreclosures, Murphy has been able to adjust his business to address this as well. Having sold several foreclosures and short sales this year, he is very experienced in dealing with bank owned properties and distressed sellers. He recently published a special report entitled, “How To Buy Twin Cities Foreclosures…The 10 Things You Need to Know Now” http://www.HowToBuyTwinCitiesForeclosures.com. His background in technology enables him to find three times as many distressed sales in the MLS than the public can find on their own. “The MLS is an incredibly valuable resource for agents who know how to use it. Unfortunately, few do,” said Murphy.
Murphy says the demand and interest in bank foreclosures and distressed sales is driving the market today. He has responded by establishing a Buyers Representation business for bank foreclosures & REOs as well as developed various specialized searches for interested buyers and sellers seeking these kinds of opportunities. Nearly 150 people have contacted him in the past 8 weeks through his various web sites. Many buyers want to receive VIP priority access to all the distressed sales and bank foreclosures. They can sign up at http://www.TCDistressLuxuryHomes.com.
To complement the Bank Foreclosure/REO Buyer Representation, Murphy has become a quick sale specialist helping those who are in pre-foreclosure, upside down on their mortgage, short sales or some sort of distressed situation to sell their homes quickly and move on with their lives. “Distressed sellers seem to be more the norm than not these days. They need trustworthy advice and they need to sell quickly. Due to my work with foreclosures, I’ve been able to develop a unique marketing system that enables most sellers to sell their homes quickly – even in this market,” said Murphy.
Regarding Murphy’s ability to put together large, complicated transactions, Bob and Kathy Bernu of Medina, MN commented, “John’s creativity, integrity, market knowledge, and confidence allowed us to successfully buy and sell in a very difficult market in 2008. His professionalism and performance is worthy of the highest priase and recognition. It’s fitting that John would be recognized as one of the Twin Cities’ best real estate agents.”
2009 will continue to be a challenging market. It is important for consumer to work with agents who are busy, successful and innovative in today’s market. “The agents who will lead this market to recovery will not be the same ones who led the market prior to the correction. Markets change. Consumers change. Expectations change. Agents will change. If you can’t clearly demonstrate your value as being significantly more than the 6-8% you charge, then it’s time to find something else to do. Today’s consumer doesn’t have time for the old way of doing business,” said Murphy in some final comments.
John Murphy is a licensed real estate agent with RE/MAX Results based out of the Plymouth, MN office. Any comments and opinions expressed are that of John Murphy as an independent agent and do not necessarily represent that of RE/MAX Results or RE/MAX International.
Contact:
John Murphy, Real Estate Sales
RE/MAX Results
Ph: 763-443-9821
E-mail: John@JohnMurphyHomes.com
http://www.JohnMurphyHomes.com
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