@properties Dominates Top Chicago Brokerage Firms in New REAL Trends Report
@properties continues to gain market share at the expense of its rivals, according to a new report from REAL Trends, the leading provider of sales data on residential brokerage firms in the U.S. The company posted a 10.2% increase in sales volume in 2016, the biggest increase among the Chicago area’s five largest brokerage firms. @properties also posted its highest annual sales volume in company history with nearly $8.1 billion in closed transactions. The data was published in the 2017 REAL Trends 500 Report, which ranks the nation’s largest real estate brokers.
Four of the region’s five largest firms saw sales volume increase, a sign of a healthy market and appreciating home prices. However, according to Crain’s Chicago Business, one firm, Berkshire Hathaway HomeServices KoenigRubloff Realty Group (BHHS KoenigRubloff) saw its sales volume decline for the third year in a row.
@properties’ double-digit gains earned the company the #11 ranking among the nation’s largest brokerage firms by sales volume.
“Despite our substantial growth, we’ve remained a local, independent company with a unique culture that continues to draw brokers and clients alike. We’ve stayed true to our vision and have never stopped working to improve our service and stay ahead of the competition,” said @properties co-founder Thad Wong. “The data speaks for itself.”
Through 2016, @properties maintained its position as the #1 real estate firm in the city of Chicago and the largest independent brokerage firm in Illinois. Today the company has over 2,000 licensed brokers in 24 offices throughout the city, surrounding suburbs, Southwest Michigan and Lake Geneva, Wisc.