Elgin, IL, May 19, 2011 --(PR.com)-- A number of RE/MAX firms in the Northern Illinois real estate market, each of which is independently owned and operated, were recently spotlighted in one of the nation's most prestigious surveys of real estate company productivity - Real Trends 500.
The 2011 Real Trends 500, an annual report from Real Trends magazine, ranks the 500 most successful residential firms by closed transaction sides and closed sales volume. Rankings are determined by applications received. This year, 501 firms qualified based on transaction volume due to a tie for the final spot.
RE/MAX companies nationwide held 111, or 22.2 percent, of the Top 500 positions and accounted for 21 of the 25 top firms ranked by sales productivity per associate – the latter being a new category added by Real Trends this year.
The top-ranked RE/MAX company in northern Illinois was RE/MAX Suburban, with offices in Arlington Heights, Glen Ellyn, Libertyville, Mt. Prospect, Schaumburg and Wheaton. It was ranked 180th in transactions and 155th in sales volume. It was also ranked #22 among RE/MAX companies nationwide.
The Real Trends 500 rankings for RE/MAX Northern Illinois offices are as follows:
RE/MAX Suburban, Arlington Hts., Glen Ellyn, Libertyville, Mt. Prospect, Schaumburg, Wheaton -- 180th transaction sides rank; 155th sales volume rank; 22nd RE/MAX rank
RE/MAX 10, Chicago, Oak Lawn, Palos Park -- 435th transaction sides rank; 89th RE/MAX rank
RE/MAX Unlimited Northwest, Algonquin, Crystal Lake, Lake Zurich, Palatine -- 443rd transaction sides rank; 353rd sales volume rank; 91st RE/MAX rank
RE/MAX Signature, Chicago -- 459th transaction sides rank; 96th RE/MAX rank
RE/MAX City, Chicago -- 466th transaction sides rank; 99th RE/MAX rank
RE/MAX Professionals Select, Naperville/RE/MAX Professionals South, Plainfield -- 477th transaction sides rank; 431st sales volume rank; 105th RE/MAX rank
RE/MAX Excels, Geneva -- 414th sales volume rank; 133rd RE/MAX rank
RE/MAX Showcase, Gurnee, Lake Forest, Long Grove, Waukegan -- 499th sales volume rank; 113th RE/MAX rank
RE/MAX brokerage firms accounted for 201 of the 830 companies that were either in the Real Trends 500 or among the Up and Comers. Agents in those RE/MAX offices averaged 14.5 closed transactions each during 2010, nearly twice the average of its closest competitor among national real estate brokerage organizations.
"In what continues to be a very challenging period for residential real estate brokerages, we are proud that once again this year, 16 firms in our network have been recognized by Real Trends for their outstanding productivity," said Jim Merrion, regional director of the RE/MAX Northern Illinois real estate network. "RE/MAX offices and agents have historically been among the most productive in the industry, and as the 2011 Real Trends 500 results demonstrate, that continues to be the case."
RE/MAX has been the leader in the northern Illinois real estate market since 1989. The RE/MAX Northern Illinois network consists of 2,300 sales associates and 110 individually owned and operated RE/MAX offices that provide a full range of brokerage services throughout the northern one-third of Illinois. Its www.illinoisproperty.com and www.remax.com websites are leaders in consumer visits among real estate franchise brands. Its mobile search, m.illinoisproperty.com, allows users to conduct real estate searches on any mobile device with Internet access. The northern Illinois network is part of RE/MAX LLC, a global real estate organization with 90,000 sales associates in 83 nations.