Tag: best real estate company in rhode island
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.
RIS Media recently released its 30th Annual Power Broker Report, ranking Residential Properties Ltd. among the top real estate firms in the U.S. for sales volume. RPL checked-in at number 340 on the list with a total sales volume of $794,854,526 in 2017, representing 1,852 closed transactions.
RISMedia President and CEO John Featherston congratulated Residential Properties Ltd. for their prestigious ranking in this year’s Power Broker Report. “The firms represented are the nation’s most elite brokerage firms serving literally millions of consumers with their real estate needs,” Featherston said. “Even up against extremely scarce supply, Power Brokers posted remarkable sales. With the economy expanding and home prices on a tear, they’re charging forward and leveraging the opportunities. We applaud their commitment to homeownership and congratulate them on their Power Broker standing.”
Celebrating its 30th anniversary year, the Power Broker Report has long honored the incredible business feats of remarkable real estate leaders—and brokerage firms—who continue to shape our industry. Each April, RISMedia’s Real Estate magazine highlights the Top 500 Power Broker firms according to sales volume, and the digital version of the Power Broker Top 500 ranks firms according to sales volume and transactions.
2017 marked the third consecutive year that Residential Properties Ltd. has ranked #1 in Rhode Island for both homes sold (1,852) and overall sales volume ($794,854,526) in the Providence Business News Book of Lists – compiling over $300,000,000 more in sales than the next closest competitor for a second straight year.
To learn more about Residential Properties Ltd., visit www.ResidentialProperties.com.
Residential Properties Ltd., Rhode Island’s leading real estate company, has been announced as a member of the 2018 REAL Trends 500 – an independently verified list of the top 500 most successful real estate companies in the entire nation. This marks the sixth year in a row that RPL has earned a spot on this prestigious rankings list.
During 2017, RPL ranked #1 in Rhode Island for a third consecutive year in both homes sold (1,852) and overall sales volume ($794,854,526) in the Providence Business News Book of Lists – compiling over $300,000,000 more in sales than the next closest competitor for a second straight year.
With this level of production, Residential Properties Ltd. appeared on the 2018 REAL Trends 500 ranked #347 in the entire country for overall sales volume.
According to a research report produced by REAL Trends, this group of the nation’s 500 largest residential real estate brokerage firms closed over 3.2 million residential sales transactions in 2017. These transactions represent approximately one-third of all new and resale transactions completed by brokers during the year, yet the REAL Trends 500 represented less than one-half of one percent of all brokerage firms.
REAL Trends has been recognized as the trusted source of news, analysis, and information on the residential brokerage industry since 1987. This year’s survey represents the most comprehensive collection of data assembled on the leaders of the residential brokerage industry, and all numbers were documented by outside accounting firms.
For more information on the REAL Trends 500, visit the company’s website at RealTrends.com.