Tue 6 Feb 2007
Residential Real Estate Rankings in the Northwest
Posted by Marlow Harris under Real Estate
The Puget Sound Business Journal ranked the top 25 residential real estate firms ranked by residential sales volume in millions, for 2006. The top 5 were:
1. Windermere ($23,709.6 / 60,200 transactions)
2. J.L. Scott ($12,745.6 / 32,590 transactions)
3. Coldwell Banker Bain ($7,998.7 / 19,131 transactions)
4. Re/Max International ($6,649.4 / 19,662 transactions
5. Prudential Northwest ($2,997.6 / 8,719 transactions)
20 more were listed, including Gordon Stephenson’s RPA, Real Property Associates. (Stephenson is on the Board of Directors at Zillow.) This year, his firm placed #17 with a reported volume of $146.9M in sales. Stephenson took issue with last years ranking of #16 for Excel properties, and I believe he was correct, though I was not able to verify that as that company has become a John L. Scott franchise.
RPA is one of the largest independent real estate brokerages in the Northwest and had 283 transactions reported last year with 35 agents, which comes out to about 8 transactions per agent. That is significanlty better than the NWMLS average of 4.1 transactions per agent in 2006, down from 5.2 in 2005.
Interestly enough, no so-called or self-identified “Discount” or rebate model real estate firms, including Zip Realty, Help-U-Sell, Redfin or MLS4Owner made the list of top 20 real estate firms in the Seattle area.
3 Responses to “ Residential Real Estate Rankings in the Northwest ”
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Pingback from Matt Goyer’s Real Estate Blog » Blog Archive » Real estate rankings in NW
February 8th, 2007 at 10:39 am[...] Marlow posts from the Puget Sound Business Journal, Residential Real Estate Rankings in the Northwest: 1. Windermere ($23,709.6 / 60,200 transactions) 2. J.L. Scott ($12,745.6 / 32,590 transactions) 3. Coldwell Banker Bain ($7,998.7 / 19,131 transactions) 4. Re/Max International ($6,649.4 / 19,662 transactions 5. Prudential Northwest ($2,997.6 / 8,719 transactions) [...]
March 23rd, 2007 at 3:59 pm
The PSBJ list was based on data submitted by brokers, and some companies did not provide any data. We were one of the non-reporters.
It appears MLS4owners.com would have ranked 15th on the list, with $214.9 million in 2006 sales volume in the 8 measured counties (PSBJ excludes sales outside of the Puget Sound area). Our listed sellers closed 519 sales in those counties with an average price of $414,044.
Based on the PSBJ list, MLS4owners.com would rank 3rd in closed sales for single-office firms.
February 2nd, 2009 at 9:03 am
It’s interesting that none of the discount brokerages have market share. It is the same in my area. I guess people realize that you get what you pay for.