(REAL Trends, Inc.-Denver) According to a recent research report produced by REAL Trends, the 500 largest residential real estate brokerage firms in the nation controlled just over 2 million residential sales transactions in 2012. The transactions represent close to 29.8 percent of all new and resale transactions completed by brokers during the year, yet the REAL Trends 500 represented less than three-fifths of one percent of all brokerage firms. The 500 mega-brokers closed 2,290,269 home transactions with a value of over $624 billion during 2012.
Included in the REAL Trends 500 is CENTURY 21 New Millennium headquartered in Alexandria, Virginia. CENTURY 21 New Millennium ranked number 72 in the REAL Trends 500 with 5,908 residential transaction sides closed last year.
“We have achieved the pinnacle of success this year. In January we announced that we are the #1 CENTURY 21 firm in the United States. Once the global results were tallied, that was quickly followed by the announcement that we are the #1 CENTURY 21 firm in the world. In March we were awarded the Cartus Broker Network Masters Cup for Superior Relocation Service,” said Todd Hetherington, CEO/Co-Owner of CENTURY 21 New Millennium.
President and Co-Owner Mary Lynn Stone added, “Our agents’ and employees’ hard work, dedication and commitment to their clients have propelled the company to earn this highest level of production. Their exemplary customer service and support for their communities is also to be applauded. Helping neighbors in need aligns well with the company’s mission.”
The 2013 REAL Trends 500 is a compilation of a nationwide study of leading residential real estate companies conducted by REAL Trends, the trusted source for useful and timely information. 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.
“The recovery in housing sales was reflected in the results from the REAL Trends 500,” says REAL Trends editor Steve Murray. “There were a record number of firms that closed more than $1 billion in sales and over 1,000 units. Unit sales were up 15.3 percent overall and total sales volume was up 20.7 percent. There were over 1,300 firms that qualified for either the REAL Trends 500 or the Up and Comer list. Many of the firms that had increased unit sales accomplished this through organic growth while merger activity remained slower than in years past. We expect acquisition activity to pick up, however, in the years to come as the market consolidates.”
NRT, Inc. led the REAL Trends 500 as the largest residential brokerage company in the country. The firm, which owns 712 residential real estate offices across the United Sates, closed 289,614 transactions in 2012. Owned entirely by Realogy, NRT acquires residential real estate brokerage firms and operates them as affiliates of Coldwell Banker Real Estate Corporation and ERA Franchise Systems, Inc.
New Millennium joined the CENTURY 21® System in 1998 and has established a sound and successful full-service real estate organization in the Washington, D.C. Metro area. In addition to traditional residential and commercial services, the company offers on-site mortgage, title, property management, and access to a vast network of relocation and other real estate service providers worldwide.
REAL Trends, Inc. is a research, publishing and communication company located in Denver serving the information needs of the residential real estate industry.
About CENTURY 21® New Millennium
CENTURY 21 New Millennium, www.c21nm.com, is a full service real estate brokerage company specializing in residential and luxury properties. In addition to its newest Washington, D.C. location, the Virginia locations are in Alexandria, Centreville, Culpeper, Fredericksburg, Gainesville, McLean, Stafford, and Woodbridge. The Maryland offices are located in Annapolis, Columbia, Dunkirk, La Plata, Lexington Park and Lusby and Waldorf. Its core services include: mortgage financing, investing, settlement, property management, property insurance, global relocation assistance, and commercial real estate.