ST. PETERSBURG, Fla. (PRWEB) April 08, 2021
RealTrends has released its 2021 RealTrends 500, an independently verified compilation of the nation’s leading residential real estate companies. Smith & Associates Real Estate, the largest locally-owned independent real estate brokerage firm in Tampa Bay, ranked in all the categories for the RealTrends 500 lists. The firm ranked amongst the largest brokers by volume with a record-breaking sales volume of $1,606,118,170. The organization also ranked as a Top 500 in the country for largest brokerages by transactions, by volume, top leading RE affiliate, top independent brokerage, and a top 50 firm for average selling price. Smith is the top independent brokerage for luxury sales in Tampa Bay, owning a 15% market share in the segment.
“Our average sale in 2020 was $650,250, our sides topped over 2,400, and we had a record year for real estate sales. We are proud of our efforts and our team here in Tampa and while we know we are making a difference locally, it feels really good to also know that we stand in the upper echelon for real estate firms nationally,” says Bob Glaser, President and CEO, Smith & Associates Real Estate.
RealTrends has been ranking brokerages for more than 33 years and is the most-trusted brokerage ranking report in the industry. Over 1,750 firms qualified for this year’s RealTrends 500. According to a research report produced by RealTrends, the 500 largest residential real estate brokerage firms in the nation closed over 3.9 million residential sales transactions in 2020. These transactions were valued at over $1.6 trillion and represented over one-third of all new and resale transactions completed by brokers during the year, yet the RealTrends 500 represented less than 0.5 percent of all brokerage firms.
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 and/or MLS reports. It took 2,092 transactions to be included in this year's RealTrends 500, and in 2020 there were 347 firms recording over $1 billion in residential sales, up from 301 firms accomplishing this in 2019.
To view the rankings, go to https://www.realtrends.com/rankings/rt500. RealTrends is offering the RealTrends 500 publication for free!
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About Smith & Associates Real Estate
Founded in 1969, Smith & Associates Real Estate is Tampa Bay's largest independent and locally-owned real estate brokerage, with a commitment to exceptional service and superior market knowledge. Deeply embedded in the community and comprised of six strategically located offices in the Tampa Bay area, 280 associates, an annual sales volume of $1.6 billion, and over 2,660 transactions a year. Smith & Associates Real Estate is the number one luxury brokerage firm of $1M + residences with 15.4% of the market share and an average price of $1.87M* (*average of luxury transactions as of December 31, 2020). The company completes seven transactions per day and is a nationally recognized leader in the Real Estate industry.
For more information on Smith & Associates Real Estate, please visit smithandassociates.com.
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About RealTrends:
RealTrends has been The Trusted Source for news, analysis and information about the residential real estate industry since 1987. Acquired by HW Media LLC in 2020, we remain a privately-held publishing, communications, and events company in Castle Rock, Colorado. Residential real estate leaders find timely and trusted information and analysis through our yearly event—Gathering of Eagles—our newsletters and daily news published on http://www.RealTrends.com.
Additional Press Contact:
Liz Smith
lsmith@realtrends.com
720-219-4272