RE/MAX Network Again Tops Metro Chicago Real Estate Market
RE/MAX agents once again led the Elgin area residential real estate market during 2008, representing either the buyer or seller in 1,373 home sale transactions, according to sales data available for the Elgin area through Midwest Real Estate Data, LLC (MRED). Since 1989, RE/MAX has ranked number one in the metropolitan Chicago real estate market based on residential listings sold.
“In a challenging environment for Illinois real estate sales, RE/MAX agents continue to demonstrate their skills and commitment,” said Jim Merrion, regional director of the RE/MAX Northern Illinois real estate network.
RE/MAX agents listed 713, or 29 percent, of all residential properties sold in the Elgin area during 2008. They also led the area in buyer representation, assisting buyers with 660 transactions.
The Elgin market includes the communities of Burlington, Carpentersville, East Dundee, Elgin, Genoa, Gilberts, Hampshire, Hanover Park, Lake Marion, Pingree Grove, Plato, Sleepy Hollow, South Elgin, Streamwood and West Dundee.
Home sales reported by MRED in the Elgin area during 2008 totaled 2,459, a 28.2 percent decrease from the 3,423 homes sold in 2007.
The top five real estate organizations in the Elgin area during 2008, in terms of listings sold, were RE/MAX with 713 (29 percent), Coldwell Banker with 290 (11.8 percent), Prudential with 177 (7.2 percent), Century 21 with 169 (6.9 percent) and Baird & Warner with 133 (5.4 percent). Data maintained by MRED may not reflect all real estate activity in a specific market area.
At the same time, RE/MAX agents led the Elgin area in buyer representation, closing 26.8 percent of all sales made of listed homes in 2008, topping Century 21 (10.2 percent), Baird & Warner (7.6 percent), Coldwell Banker (7.3 percent) and Prudential (7 percent). RE/MAX remained the market-share leader in buyer representation across the metropolitan Chicago real estate market area during 2008, completing 16.4 percent of all buyer transactions.
RE/MAX agents once again led the Elgin area residential real estate market during 2008, representing either the buyer or seller in 1,373 home sale transactions, according to sales data available for the Elgin area through Midwest Real Estate Data, LLC (MRED). Since 1989, RE/MAX has ranked number one in the metropolitan Chicago real estate market based on residential listings sold.
“In a challenging environment for Illinois real estate sales, RE/MAX agents continue to demonstrate their skills and commitment,” said Jim Merrion, regional director of the RE/MAX Northern Illinois real estate network.
RE/MAX agents listed 713, or 29 percent, of all residential properties sold in the Elgin area during 2008. They also led the area in buyer representation, assisting buyers with 660 transactions.
The Elgin market includes the communities of Burlington, Carpentersville, East Dundee, Elgin, Genoa, Gilberts, Hampshire, Hanover Park, Lake Marion, Pingree Grove, Plato, Sleepy Hollow, South Elgin, Streamwood and West Dundee.
Home sales reported by MRED in the Elgin area during 2008 totaled 2,459, a 28.2 percent decrease from the 3,423 homes sold in 2007.
The top five real estate organizations in the Elgin area during 2008, in terms of listings sold, were RE/MAX with 713 (29 percent), Coldwell Banker with 290 (11.8 percent), Prudential with 177 (7.2 percent), Century 21 with 169 (6.9 percent) and Baird & Warner with 133 (5.4 percent). Data maintained by MRED may not reflect all real estate activity in a specific market area.
At the same time, RE/MAX agents led the Elgin area in buyer representation, closing 26.8 percent of all sales made of listed homes in 2008, topping Century 21 (10.2 percent), Baird & Warner (7.6 percent), Coldwell Banker (7.3 percent) and Prudential (7 percent). RE/MAX remained the market-share leader in buyer representation across the metropolitan Chicago real estate market area during 2008, completing 16.4 percent of all buyer transactions.
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