ZipRealty Becomes First Non-Traditional Brokerage in the Top 10 of REAL Trends 500
April 10 2009 - 5:13PM
Marketwired
In a first for non-traditional residential real estate brokerages,
the online-based firm ZipRealty (www.ziprealty.com) (NASDAQ: ZIPR)
broke into the top 10 ranking of the 2009 REAL Trends 500, based on
2008 sales. ZipRealty climbed six spots from last year to claim
ninth place in total transaction sides, which measures the
performance of the nation's leading real estate firms. In addition,
ZipRealty's growing sales volume boosted the company to tenth in
sales volume, up from 19 last year.
"To break into the top-10 in both transaction sides and total
sales volume, and serve as the most trafficked real estate
brokerage Web site, is a testament to the growth of ZipRealty and
the acceptance that a new model can thrive," said Patrick
Lashinsky, president and CEO of ZipRealty. "In 2008 we expanded
ZipRealty's footprint into several new markets nationally, hired
new agents, and, despite difficult market conditions, enjoyed our
10th consecutive year of revenue growth and maintained the highest
client satisfaction rating in the industry."
The 2009 REAL Trends 500 rankings, published late last week,
feature two lists: one based on a brokerage company's closed
transaction sides for 2008, and the second on dollar value of
properties sold during 2008.
ZipRealty was founded in 1999 on the belief that buying or
selling a home could be faster, easier and more efficient. The
nation's largest online-based full service real estate brokerage,
ZipRealty services both buyers and sellers in 35 markets in 21
states with more than 2,800 agents.
About the Report
The 2009 REAL Trends 500 is an annual research report which
identifies the country's largest and most successful residential
firms as ranked by closed transaction sides and separately by
closed sales volume. This report represents the most trusted
standard of measuring the performance of the nation's leading
realty service firm.
To see a complete list of 2009 REAL Trends 500 rankings, visit
http://www.realtrends.com/go/page.php?menu_id=73
About ZipRealty, Inc.
ZipRealty is a full-service residential real estate brokerage
firm. The Company utilizes its user-friendly Web site and employee
real estate agents to provide home buyers and sellers with
high-quality service and value. ZipRealty's Web site provides users
with access to comprehensive local Multiple Listing Services' home
listings data, as well as other relevant market and neighborhood
information. The Company's proprietary business management system
and technology platform help to reduce costs, allowing the Company
to pass on significant savings to consumers. Founded in 1999, the
company operates in 35 major markets in 21 states and the District
of Columbia. For more information on ZipRealty, visit
www.ziprealty.com or call 1-800-CALL-ZIP.
About REAL Trends
REAL Trends, Inc. is a research, publishing and communication
company located in Denver, Colorado serving the information needs
of the residential real estate industry.
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