Top residential real estate agent Nancy Bishop moves to Charles Reinhart Co.
Nancy Bishop, among Ann Arbor's top residential Realtors for many years, moved with her four-person team on Saturday to the Charles Reinhart Co.
Bishop had worked at Edward Surovell Realtors since that firm began in 1982, creating a niche as a high-end home specialist while still working with buyers and sellers on a range of properties.
Nancy Bishop
In 2009, Bishop and Reinhart agent Elizabeth Brien each did $41 million in transaction "sides," placing them in a tie for first among Ann Arbor-area Realtors, based on sales volume.
Bishop's production in 2010 was about $39 million, she said Saturday, keeping her near the top of the local real estate industry. She also brings about 50 listings to the new office.
The move, she said, was based on a personal decision.
"It was a difficult decision but I felt it was the best decision for me," she said.
Bishop will work in Reinhart's south Ann Arbor office near Briarwood Mall, and it reunites here with her former manager at Surovell, Dawn Foerg.
Surovell said he and Bishop had talked extensively about the move before it was announced to his staff today.
"We wish her and her team well in their future endeavors," he said.
Bishop said she spent all of her first day in the new office working from a conference room as her staff settled into the new space.
Moving from one of the region's largest independent residential real estate companies to another won't change her business platform, she said.
"I think it'll be business as usual for me," she said.
As for her take on the market, Bishop said she sees it stabilizing, though appreciation could still be years off. At the end of November, the overall residential and condo dollar volume hit $616 million up from $583 million at the same point a year earlier, according to the Ann Arbor Area Board of Realtors.
"I still feel that the definition of 'recovery' for the next couple of years is the cessation of decline," she said.
Paula Gardner is Business News Director of AnnArbor.com. Contact her at 734-623-2586 or by email. Sign up for the weekly Business Review newsletter, distributed every Thursday, here.
Comments
racerx
Mon, Jan 10, 2011 : 2:17 a.m.
Though this is isn't "news" congrats to Nancy. Hey, if Ann Arbor voters vote for a income tax, would her revenue stream become higher since property taxes would only be 35% of the funds the city can collect?
needed perspective
Sun, Jan 9, 2011 : 9:51 p.m.
Nancy and her team are professional in every sense of the word; her volume that some criticized is actually the measure of those she has helped in this declining market. Although I work for a competing broker, Nancy should not bear the blame for a world world wide decline in house prices. In this market, the goal is to help people move on with their lives in difficult situations--we all have and she has. Realtors are not in charge of the market--but we are stuck in it...we all hate seeing the losses in equity and home values...it has been a painful decline to witness. Pretty sure the only number Nancy cares about is the number of clients that trusted her.
Andy F
Sun, Jan 9, 2011 : 3:01 p.m.
Nancy and her team helped my wife and I find our forever home last year. They were fantastic to work with and we will be recommending her to any of our friends looking to buy or sell their home.
AlphaAlpha
Sun, Jan 9, 2011 : 9:28 a.m.
"As for her take on the market, Bishop said she sees it stabilizing, though appreciation could still be years off." "I still feel that the definition of 'recovery' for the next couple of years is the cessation of decline," she said." As forecast here months ago, the decline in RE prices has resumed. Expect another 25% drop in prices over the next couple years. A 25% drop will get RE prices back to trend; an overshoot is generally associated with trend reversion; if this likely event occurs, RE could drop much more than 25% from here before rising back to the trend line. Buyers beware.
Andy Piper
Sun, Jan 9, 2011 : 8:20 a.m.
Congratulations Nancy on a fantastic career. Best to you in the future at your new company. Anybody with the results you have attained should be commended.
say it plain
Sun, Jan 9, 2011 : 4:04 a.m.
@microtini, yes indeed...one of the reasons for the going-under of "newspapers" over the last bunch of years really has been the bursting of the housing bubble. When people no longer needed to get their sweaty hands on the 25 page list of open houses every weekend, and when realtors no longer spent so much advertising, newspaper-business-models such as they were lol, suffered. This story is the on-line equivalent of all that's left to do: pretend it's 'news' that a realtor who in the old days could pay to have her best listings in a separate 1/2 page section of the paper has moved from one company to another. Ooh, and maybe there won't be quite the same price declines these next few years, according to this 'top seller'. This coming from the same 'professionals' who would tell people that housing can never ever decline, always a good time to buy, better buy now before you're priced out forever, don't worry about the size of the mortgage payments because you can always refi in 2 years, etc etc. Cheerleading and mouthpiecing for realtors is a hard habit to break. Although, in the environment these salesman currently experience, 'top sellers' moving listings--particularly in the high-end where commissions end up being more significant per transaction--is bigger news than it used to be lol. Pricey houses stay on market for forever, so different groups I suppose stand to someday make different amounts of profit.
microtini
Sat, Jan 8, 2011 : 11:29 p.m.
With thousands of hard-working people out of work in our state, it's hard to get excited about Ms. Bishop's personal achievement, especially considering that realtors produce nothing of value. (See hedge fund managers.) I'm not even sure this is a legitimate news story. It smacks of one of those advertisements masquerading as news that the sleazy local Detroit television stations run.
microtini
Sat, Jan 8, 2011 : 10:56 p.m.
With thousands of hard-working people out of work in our state, it's hard to get excited about Ms. Bishop's personal achievement, especially considering that realtors produce nothing of value. (See hedge fund managers.) I'm not even sure this is a legitimate news story. It smacks of one of those advertisements masquerading as news that the sleazy local Detroit television stations run.
bruno_uno
Sat, Jan 8, 2011 : 9:44 p.m.
boasting 39...40....50 million is not a sales promotion, its an insult to the clients of these real estate agents, lets break down the residential sales of an honest hard working ann arborite. example is my neighbor who had to sell his house for 130,000 but bought it for 220,000. the realtor took 10,000 of the sale making her sale really 120,000. go advertise that instead of these bloated numbers based on one or two corporate real estate transactions.
dading dont delete me bro
Sat, Jan 8, 2011 : 7:22 p.m.
seems that all realtors are Top "something" aren't they?