How Many Agents Are There, Anyways?
Did you know that Los Angeles County has approximately 55,000 people with a real estate license? Orange County has about 24,000 licensees and San Diego County (where I work) has about 19,000 licensees. I just found this data on the California DRE website. I’m not sure how often they update it, but it’s pretty interesting to me. So… when you or your friends are thinking about buying real estate in San Diego you have about 19,000 licensees to choose from. How many do you plan to interview?
Now do the math with me. By my calculations (doing a quick search on our MLS website), there were about 30,000 transactions that happened in San Diego County last year (for residential real estate). Assuming that there was a listing agent and a buyers agent on each transaction, that makes 60,000 sides. That means that the average licensee closed about 3 transactions last year. My numbers could be off, but that sounds about right. By the way, this isn’t because of the economy or falling home values. There were actually a lot more licensees a few years ago, and I heard the average back then was only 2 closings per licensee. I am not drawing any conclusions from this. I am simply putting the info out there for you to digest.
Justin Gramm
Exclusive Buyers Agent, Broker
Globella Realty, Inc.
DRE License #01714813
justin@globella.com
http://JustinGramm.Globella.com
