PROVIDENCE, R.I. – May 13, 2013 – (RealEstateRama) — REAL Trends, Inc. recently announced Residential Properties Ltd. as a member of its top 500 brokerage firms in the United States, based on an annual research report identifying the country’s largest and most successful residential firms.
“I was thrilled to learn that we were included in the Real Trends 500,” exclaims RPL’s President & CEO, Sally Lapides. “So much has changed in the industry over the last ten years. But one thing that hasn’t changed is that we remain a family, we are just a much larger family now. Our success is a direct result of the hard work and expertise of all of our agents and support staff who make up the Residential Properties family.”
Residential Properties Ltd. ranked number 239 in the REAL Trends 500, based on total residential transaction sides closed last year.
According to the report, the 500 largest residential real estate brokerage firms in the nation controlled just over two million residential sales transactions in 2012. The transactions represent close to 29.8 percent of all new and resale transactions completed by brokers during the year, yet the REAL Trends 500 represented less than three-fifths of one percent of all brokerage firms. The 500 mega-brokers closed 2,290,269 home transactions with a value of over $624 billion during 2012.
The 2013 REAL Trends 500 is a compilation of a nationwide study of leading residential real estate companies conducted by REAL Trends, the trusted source for useful and timely information. This year’s survey represents the most comprehensive collection of data assembled on the leaders of the residential brokerage industry. Numbers are documented by outside accounting firms.
“The recovery in housing sales was reflected in the results from the REAL Trends 500,” says REAL Trends editor Steve Murray. “There were a record number of firms that closed more than $1 billion in sales and over 1,000 units. Unit sales were up 15.3 percent overall and total sales volume was up 20.7 percent. There were over 1,300 firms that qualified for either the REAL Trends 500 or the Up and Comer list. Many of the firms that had increased unit sales accomplished this through organic growth while merger activity remained slower than in years past. We expect acquisition activity to pick up, however, in the years to come as the market consolidates.”
REAL Trends, Inc. is a research, publishing and communication company located in Denver serving the information needs of the residential real estate industry.