One of our agents and I just signed a listing agreement on a 4plex we will be bringing to market shortly. (If you want to hear about it before it goes on the MLS, I recommend joining the mailing list right now.)
When we were preparing our pitch to the owner, my colleague pulled all of the relevant comparable sales over the past year.
There are 26 4plexes marked as “sold” by the MLS in the areas in which we are interested (the improving parts of NELA) in the last six months. That means there were 52 “sides” (each transaction has a buy-side broker and a sell-side broker).
Adaptive accounts for six of those sides. No other brokerage accounts for more than two.
And we also sold two others off-market (four more sides because we represented buyer and seller) and another on market deal is closing today (knock on wood!).
I’ve thought for a long time that we were better than any other brokerage at helping clients navigate the complexities of buying smaller income properties in NELA. Now, it seems, the market is catching on.