Jun
07

Chicago Real Estate Firm Moving Up

June 07, 2011

We recently mentioned the REAL Trends Top 500 Report in:

Metro Chicago Real Estate Firms Honored for Charity Work

That story involved RE/MAX Northern Illinois, but there is another local group that made its mark on the list.

The largest residential broker in the city of Chicago and the third largest in Northern Illinois based on sales volume, @properties ranked 35th on the latest REAL Trends Top 500 report, which lists the nation’s largest real estate companies.

The Chicago real estate brokerage firm climbed up five spots on the national list after posting sales in 2010 of $2.065 billion on 5,120 transaction sides, a 15.9 percent increase in sales volume from 2009. That’s a larger percentage increase than all but 10 of the nation’s top 50 firms.

@properties was founded 11 years ago by real estate brokers Michael Golden and Thaddeus Wong. Today, the firm has 7 offices and more than 950 real estate agents serving the greater Chicagoland market.

Since entering the market through Evanston at the end of 2009, the independent company has grown to more than 100 North Shore agents. In fact, its North Shore market share grew by more than 240 percent last year after opening its Winnetka office.

“Over the past year and a half, we’ve answered a lot of naysayers who said that a new company with new ideas would struggle to gain ground in an established market like the North Shore. What we felt and what we found was that a lot of agents, home buyers and sellers were yearning for a more innovative approach,” said Wong.

“As an independent, we believe we can be more responsive and better serve our agents and our clients. If we want to fund new marketing programs, invest in training or technology, or open new offices, we control our own destiny.”

About The Author

Tracey

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1 Comments

1

Tracy, you mentioned several reasons that why you think @properties grew so quickly over the last 11 years. What are some of the new ideas that this company had that caused that kind of explosive growth?

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