RISMedia, recognized as one of the real estate industry’s definitive sources for news and information, recently released the results of its 31st Annual Power Broker Report Top 500, ranking Residential Properties Ltd. among the top producing real estate companies in the entire country. RPL is the only real estate company based solely in Rhode Island to appear on the Top 500 list, coming it at #332 in the nation with $858,982,295 in total sales volume during 2018.
For the fourth consecutive year, Residential Properties Ltd. led all firms in overall Rhode Island sales transactions during 2018, as well as total sales volume – finishing over $300,000,000 ahead of the next closest competitor.[¹]
The results of the report reveal that the Top 1,000 Power Brokers earned $1,424,776,652,825 in sales volume and garnered a total of 3,881,412 transactions during 2018. However, this success did not come without its challenges. Among the top issues reported were a lack of inventory (49 percent of Power Brokers), brewing economic uncertainty (25 percent), industry disruptors (13 percent), and increasing interest rates (8 percent). Despite these challenges, companies mostly reported feeling “cautiously optimistic” about 2019, a perception held by 59 percent of Power Brokers this year, compared to 52 percent during 2018.
The RISMedia Power Broker Report is packed with interactive research charts, year-over-year data, and detailed Power Broker Profiles. Visitors can also utilize the innovative, dynamic directory to search the Top 1,000 Power Brokers by sales volume, company name, brand, and transaction rank. Each Power Broker Profile includes their 2018 sales volume and transactions, as well as comparisons to past years, their ranked status, their agent count and number of offices, and other important information.
To learn more about the RISMedia Power Broker Report and view the complete rankings, please CLICK HERE.
[¹] This statement is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. as of May 2019.
Photo Courtesy of Benjamin Willett of Keller Williams Realty Newport
This beautiful penthouse sits right in downtown Newport and enjoys stunning views out to Newport Harbor and all the highlights of Narragansett Bay, including Fort Adams Park and multiple islands. Enjoy the views from either level of the unit’s open layout or head up to the rooftop for a full 360 panoramic view of the renowned landscape.
The Selling Agent, Lori Eley, is a lifelong Rhode Island resident who has lived in Narragansett for over 13 years. Lori specializes in condominiums, single family homes, vacant land, investment properties as well as waterfront, luxury homes. To find out more about Lori and to view her current listings, visit her bio page at ResidentialProperties.com.
Rhode Island winters are not for the faint at heart. But for those who can brave the cold, a fresh sheet of snow can transform our surroundings into a sparkling wonderland.
Luckily, our agents never shy away from a challenge, enduring the elements each year to capture a strong collection of submissions for our Winter Photo Contest. We’d like thank everyone who participated in this year’s contest, including all of the agents who ventured out into the snow to snap the perfect photo, as well as all of our friends on Facebook who took the time to submit their votes.
It’s a joy to review all of the photo entries as they flood in throughout the season, but, inevitably, we’re faced with the tough task of narrowing the field down to a few select finalists. This year we chose a strong group of five finalists before asking our loyal group of followers on Facebook to decide our winner by “Liking” their favorite photo.
After tallying the votes, it is my pleasure to announce that the winner of the 2019 RPL Winter Photo Contest is RPL Barrington Sales Associate, Eddie Rayden with his shot of Muscachuck Beach in Barrington. Eddie’s photo featured a young person playing pond hockey on the frozen waters of Muscachuck Beach, lined by tall grass and set against the backdrop of a colorful sunset. The photo received a total of 55 votes, edging out the competition by just 10 Likes. This was Eddie’s second consecutive RPL Photo Contest victory, earning him a free property video and website package compliments of the RPL Marketing Department. Congratulations Eddie!
See the full contest results below.
Winning Photo: Eddie Rayden – Muscachuck Beach – Barrington (55 Votes)
Second Place: Rebecca Mayer – Turner Reservoir Swans – East Providence (45 Votes)
Third Place: Kim Horvath – India Point Sunset – Providence (30 Votes)
Fourth Place: Judy Croyle – Snow Bench – Pawtuxet Cove (24 Votes)
Fifth Place: Sabine Schaefers – Prospect Terrace Park – East Side of Providence (22 Votes)