Monday, February 18, 2008

Top 10: Brokerages, Highest Sales Volume

For 2007, Coldwell Banker earned the No. 1 ranking as the brokerage with the highest sales transaction volume for Chicago condos, with nearly $1.4 billion.

Total transaction volume for city condos was $12.7 billion (twice the actual combined value of sales*), so Coldwell Banker's share was 11%.

With 799 agents in its 13 city offices, Coldwell Banker has the second-largest number of city agents (after Century 21, with 1,069).

Coldwell Banker edged out @properties, which has 604 agents and was No. 1 in transactions (units sold), by $29 million, or 2%. Koenig & Strey GMAC, with 505 agents, was a close third, with $1.1 billion in condo sales.

Combined, the Top 10 brokerages closed $7.3 billion in total transaction sales, representing 57% of the city's total.

RankBrokerageSales VolumeMarket Share
1.Coldwell Banker$1.38 billion11%
3.Koenig & Strey1.119%
4.Baird & Warner756 million6%
5.Century 216915%
7.Keller Williams4804%

*Transaction volume is roughly twice actual combined sales, because it counts each unit sale twice. If Coldwell Banker agents represent both the seller and the buyer of one $300,000 condo, CB is credited with sales transaction volume of $600,000. If the unit is represented by agents from two different agencies, the listing (seller's) broker receives a $300,000 credit, as does the sales (buyer's) broker.

The exclusive report above was compiled by, from the database of the Multiple Listing Service of Northern Illinois (MLSNI). It includes only condos in the city closed on the MLS in 2007. Companies that are primarily developers or marketers are excluded from the rankings. With a credit and/or link, you are welcome to reprint this post

Monday's Top 10: Agents With Most Unit Sales

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