We were able to take advantage of the upheaval in the industry to gain market share and bring some really great people into the fold. We're a better, stronger company at the start of 2010 than we were at the beginning of 2009
Chicago, Ill. (Vocus) January 20, 2010
In just its tenth year in business, locally-owned Chicago real estate broker @properties has become the #1 residential real estate firm in the city of Chicago.
@properties (http://www.atproperties.com), which has seven offices and approximately 800 licensed REALTORS®, made double-digit market share gains and finished 2009 as the top residential real estate broker in the city and the #3 broker in the entire Northern Illinois region by dollar volume, according to BrokerMetrics®, which obtains data from the regional multiple listing service MRED, LLC.
In the city @properties moved ahead of long-time market leader Coldwell Banker to claim the top spot with 12.4 percent market share on 2009 sales volume of $1.51 billion. Regionally, @properties moved up one spot to #3 with 2009 market share of 4.4 percent.
@properties made the largest market share gains of any top 10 Chicago real estate broker in the city (+28 percent) and in the region (+18.8 percent). And in a year in which the region’s top 10 brokers experienced an average sales decline of 19.7 percent, @properties’ sales fell just 3.2 percent.
Company co-founders Michael Golden and Thaddeus Wong said the strong showing in 2009 was the result of aggressive marketing and recruitment and the determined efforts of the firm’s 800 agents.
“While a lot of real estate companies became very conservative – either by choice or necessity – we opened new offices, made several key hires and invested in new marketing and technology. Meanwhile our agents worked incredibly hard and did a great job of educating buyers and sellers on the changing market conditions,” said Wong.
“We were able to take advantage of the upheaval in the industry to gain market share and bring some really great people into the fold. We’re a better, stronger company at the start of 2010 than we were at the beginning of 2009,” said Golden.
@properties also ranked first among the top 10 Chicago real estate brokers in the following categories:
About @properties
Established in 2000, @properties is the #1 real estate brokerage firm in Chicago. In addition to Residential Brokerage services, the company includes @properties Commercial, a full-service commercial brokerage division; @properties Relocation; @properties Institutional Services Group, specializing in distressed real estate services; @properties Property Management, a commercial and residential property management firm; and @properties Developer Services, Chicago’s leading sales and marketing group for developers of new-construction and condominium-conversion projects. The company has five city office locations: Bucktown, Lincoln Park, River North, Streeterville and Lakeview; and two North Shore offices: Evanston, Ill., and Winnetka, Ill. For more information, visit http://www.atproperties.com.
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