@properties Captures More Market Share in 2015, Posts Another Record Year

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Chicago’s largest independent real estate firm closes out 2015 with a record $7.3 billion in sales

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We saw strong growth in all of our offices and successfully entered new markets, and we also had a lot of fun. We feel very fortunate to have a group of brokers and staff that is dedicated to @properties and our core values.

Chicago-based real estate firm @properties continued to bolster its market share in 2015 and posted its highest annual sales volume in company history with a record $7.349 billion in closed sales, based on 15,632 transaction sides. Sales figures are based on closed transactions reported through Midwest Real Estate Data, LLC (MRED), and also include off-market sales and rental transactions.

Through 2015, @properties remained the No. 1 real estate firm in the city of Chicago with $4.004 billion in closed sales volume and 18.9 percent market share – more than 65 percent higher than the No. 2 firm.

On the North Shore, @properties was the second largest brokerage firm with market share of 23 percent, an increase of 14.6 percent year over year – the largest increase among the top 7 firms in the area.

@properties also maintained its position as the largest independent real estate brokerage firm in Northern Illinois, with 10.2 percent market share. The company also had the shortest average market time among the 5 largest firms in the region, at just 73 days (23 days less than the market average).

Established in 2000, @properties began as a four-person boutique brokerage firm in River North. Today the company has nearly 2,000 licensed brokers in 21 offices throughout the city, surrounding suburbs, southwest Michigan, and Lake Geneva, Wisc.

According to company co-founders Thaddeus Wong and Michael Golden, @properties’ rapid growth can be attributed to investments in new technology, recruitment of top-producing brokers and office expansion. Last year, the firm opened new offices in Oak Park, Ill., and Lake Geneva, Wisc., and partnered with local startups including TurboAppeal, a Chicago-based tech firm that simplifies and improves the property tax appeals process for homeowners.

“Looking back, 2015 was an incredible year for @properties in many ways,” said Golden. “We saw strong growth in all of our offices and successfully entered new markets, and we also had a lot of fun. We feel very fortunate to have a group of brokers and staff that is dedicated to @properties and our core values.”

In addition to residential brokerage, @properties is also the Chicago area’s leading firm for the sales and marketing of new residential developments. Throughout 2015, the firm represented a number of notable new-construction and adaptive re-use properties including: 400 West Huron in River North, Webster Square in Lincoln Park, 4 East Elm in the Gold Coast, The Legacy at Millennium Park in the Loop and The Residences at The Grove in Forest Park.

“Last year we saw solid momentum in the new construction market, particularly in the luxury segment,” said Wong. “We’re expecting even more activity this year, and have some exciting projects on the horizon in a variety of locations and price points.”

About @properties
@properties is the No. 1 independent residential brokerage firm in Illinois and one of the top 12 residential brokers in the U.S. by sales volume. @properties has nearly 2,000 licensed brokers in 21 offices throughout downtown Chicago, surrounding suburbs, southwest Michigan, and Lake Geneva, Wisc. For more information, visit http://www.atproperties.com.

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Peter Olesker
@properties
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