CDPE Member Statistics Survey

Conducted from june 3-12, 2009, the CDPE Member Statistics Survey was
sent out to a total of 7,972 CDPE Members. The total respondent count of
876 members constitute an overall response rate of 11%.

Survey response have been separated into the following categories:

  • Active Listings
  • Sell-Side Transactions
  • Buy-Side Transactions
  • Member Information


Active Listings

Questions Average Response
How many listings do you currently have? 12.53
Of you active listings, how many ar distressed properties (short sales, and REOs)? 5.02
Interesting finding:
40 percent of active listings are distressed properties.

Sell-Side Transactions

2009
Questions Average Response
In 2009, how many transactions have you closed? 11.81
Of these transactions, how many were distressed properties (short sales, and REOs)? 5.38
Interesting finding:
46 percent of 2009 transactions were distressed properties.
Past 12 Months
In the past 12 months, how many transactions have you closed? 24.71
Of these transactions, how many were distressed properties (short sales, and REOs)? 10.06
Interesting finding:
41 percent of the transactions over the past 12 months were distressed properties. There is an increasing trend for distressed-property transactions in 2009.


Sell-Side Transactions

(continued)

Past 12 Months
Questions Average Response
How many of your distressed property transactions were SHORT SALES? 3.58
How many of your distressed-property transactions were REOs? 6.45
How many of your distressed clients have you helped to keep their homes? 1.84
How many of your distressed clients were able to do a DEED-IN-LIEU? 0.18
How many of your distressed clients' homes were lost to foreclosure? 0.82
Interesting finding:
On average, CDPEs are able to keep homeowners in their homes
more than twice as often as losing properties to foreclosure.

Interesting finding:
(See chart below)
Due to the ongoing support, education and tools provided to CDPE Members, we can now demostrate that success among designed agents continues over time.


Closed Short Sale Transactions Among Experienced CDPEs


chart

Sell-Side Transactions

(continued)

Questions Average Response
What was the average time (in days) it had taken to complete a short sale transaction PRIOR to becoming a CDPE? 53.01
What has been the average time (in days)it takes you to complete a short sale transaction SINCE becoming a CDPE? 27.26
Interesting finding:
Since becoming a CDPE, the average time for agents to complete a short sale
transaction decreased by 49 percent

Buyer-Side Transactions

Questions Average Response
How many buyer-sides have you facilitated in 2009? 5.04
How many of your 2009 buyer-sides were SHORT SALE properties? 1.05
How many of your 2009 buyer-sides were REOs? 1.79
How many of your 2009 buyer-sides were NON-DISTRESSED properties? 3.43
Interesting finding:
56 percent buyer-sides facilitated in 2009 were distressed properties.

Buyer-Side Transactions

(continued)

Questions Average Response
How many buyer-sides have you facilitated in the past 12 months? 11.25
Over the past 12 months, how many of these buyer-sides were SHORT SALE properties? 1.71
Over the past 12 months, how many of these buyer-sides were REOs? 3.06
Over the past 12 months, how many of these buyer-sides were NON-DISTRESSED properties? 7.02
Interesting finding:
Of buyer sides facilitated over the past 12 months (average),
distressed properties constituted 42 percent

This shows an increasing trend for distressed-property buyer-sides in 2009.

Member Information

Questions Average Response
How many months have you been a CDPE? 2.58
What is the total number of referrals you have received due to becoming a CDPE? 1.17
How many client referrals have you recieved from past/current distressed clients? 1.85
Interesting finding:
On average, members receive more than one referral in 2.5 months
of membership, simply for being a CDPE.