Featured Member – ERA Carroll Realty Co., Inc.

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Our Featured Member for February 2012, ERA Carroll Realty, will be celebrating its 100th anniversary next year!

Carroll Realty was started by George Carroll in 1913, and operated by his son Granville until 1955 when Granville’s son Don took over leadership. The agency moved into its current Main St. location in 1976. A year later, a young woman named Dixie See joined the agency as a secretary. The business became a franchise of Electronic Realty Associates, now known as “ERA,” in 1978 (and as an “electronic” office had the only fax machine in town). Dixie became a licensed agent in 1981 and bought the agency from Don Carroll in 1990. In 2001, the merger with Banner Realty brought in more extensive coverage of ranch properties, as well as two additional owners, Tom Belus and Jane Clark.

For many years, the real estate industry in the U.S. had no rules and regulations. But in the early 1900s the Code of Ethics came into play and eventually all states started regulating the industry. Dixie should know – she’s also Chair of the Wyoming Real Estate Commission, responsible for all of those rules and regulations in our state.

Today Dixie is still the “responsible broker” (person in charge) of the agency, with a team of 28 sales people, 2 property managers, and 5 administrative staff. They are the largest real estate agency in Sheridan County, offering four areas of service – residential property, commercial property, farm and ranch property, and property management (managing over 300 rental units).

What’s the current real estate situation in Sheridan County? There are 251 residential properties (including country properties) for sale, from all agencies combined. The average number of days on the market is 207 days. In 1986, the average sale price was $46,000. At the peak of the market, in 2008, the average price was $240,000. Last year, 2011, the average was $195,000.

What are the current challenges? Dixie can answer quickly: Getting people qualified for loans for a home purchase, managing current inventory and foreclosures, the additional restrictions in the banking industry, and getting buyers and sellers to be realistic in their expectations. With interest rates being historically low and the lower prices of properties today, it is an ideal time to buy. At the same time, Dixie also observes that the Sheridan area market is correcting itself and becoming much more stable now.

ERA Carroll Realty welcomes your inquiries and your business. Call (307) 672-8911, drop by the offices at 306 N. Main St., or visit www.eracrc.com

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