REAL Trends, the trusted source for news, research and information about the real estate brokerage industry, announced the results of the 2017 REAL Trends 500, an independently verified compilation of the nation’s leading residential real estate companies.
Out of the top 500 brokerages, Michael Saunders & Company was ranked #70 in sales volume and #96 by sides of transactions.
REAL Trends not only recognized Michael Saunders & Company at the national level but on the local level as well. When compared with other films in the metropolitan Sarasota real estate market, Michael Saunders & Company has a strong lead in sides and volume.
COMPANY 2016 Sides
Michael Saunders & Company . . . . . . . . . 5,857
RE/MAX Alliance Group . . . . . . . . . . . . . . . . . . . 4,470
Coldwell Banker Residential Real Estate/NRT . . 4,368
Keller Williams Sarasota Lakewood Ranch . . . . . 1,953
Premier Sotheby’s International Realty . . . . . . . . 1,771
COMPANY 2016 Volume
Michael Saunders & Company . . . . . . . . . $2,430,886,648
Coldwell Banker Residential Real Estate/NRT . . . $1,606,303,000
RE/MAX Alliance Group . . . . . . . . . . . . . $1,249,148,937
Premier Sotheby’s International Realty . . . $878,682,050
Keller Williams Sarasota Lakewood Ranch. $507,941,433
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.
“Housing sales in the nation were up 4.9 percent in 2016 from 2015 which was a slower growth rate than the previous year. The REAL Trends 500 firms were up 6.6% in the same period. For the third year in a row the nation’s largest brokerage firms gained market share,” said Steve Murray, president of REAL Trends. “As we commented last year this market share growth is unusual in that historically larger firms lose market share in robust markets. Clearly, America’s largest brokerage firms have figured out how to grow their share in all kinds of markets.”
It took 1,843 transactions to be included on this year’s REAL Trends 500, up from a minimum of 1,702 transactions a year ago. In 2015 there were 209 firms recording over $1 billion in residential sales while there were 235 firms that accomplished this in 2016.
“It was an incredible year for the nation’s leading residential real estate brokerage firms,” said Murray.