RE/MAX Retains Top Spot In West Towns Area Home Sales In 2008, Closing More Than 700 Transactions

RE/MAX Network Again Tops Metro Chicago Real Estate Market

RE/MAX agents once again led the West Towns area residential real estate market during 2008, closing 712 transactions. RE/MAX agents listed 21.1 percent of the 1,873 homes sold in the area and represented home buyers in 316 purchases. Those totals are based on sales data available 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.

The West Towns market area includes the communities of Berwyn, Broadview, Brookfield, Cicero, Forest Park, Forest View, Lyons, North Riverside, Oak Park, River Forest, Riverside, Stickney and Westchester.

Home sales reported by MRED in the West Towns area during 2008 totaled 1,873, a 29.7 percent decrease from the 2,666 homes sold in 2007.

The top five real estate organizations in the West Towns area during 2008, in terms of listings sold, were RE/MAX with 396 (21.1 percent), Baird & Warner with 153 (8.2 percent), Coldwell Banker with 148 (7.9 percent), F.C. Pilgrim & Company with 105 (5.6 percent) and Century 21 with 85 (4.5 percent). Data maintained by MRED may not reflect all real estate activity in a specific market area.

RE/MAX agents increased their leadership in buyer representation in the West Towns area during 2008, completing 16.9 percent of all buyer transactions, up from 16.3 percent in 2007. Following RE/MAX in this category were Coldwell Banker (8.5 percent), Baird & Warner (7.5), Century 21 (5.9 percent) and Prudential (4.8 percent). RE/MAX remained the market-share leader in buyer representation across the metropolitan Chicago real estate market during 2008, completing 16.4 percent of all buyer transactions.

The RE/MAX Northern Illinois real estate network closed nearly $8 billion in sales during 2008 and remained Chicagoland’s market-share leader. Its agents listed one of every five residences sold in the Chicago metropolitan area, or19.7 percent of the total. In the Chicago suburbs, RE/MAX listed 25.7 percent of all homes sold in 2008.