RE/MAX Grabs Top Market Share in Home Sales Volume in Metro Las Vegas

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Company recorded sales volume of $1.61 billion for the 12-month period ending March 31
Company recorded sales volume of $1.61 billion for the 12-month period ending March 31

RISMEDIA, June 29, 2006?RE/MAX is now the number one brand name in home sales in the metro Las Vegas area, the company is reporting. Based on home resale statistics from the Greater Las Vegas Association of Realtors multiple listing service, RE/MAX recorded sales volume of $1.61 billion for the 12-month period ending March 31, 2006, nearly 12 percent of all home resales in the area.

Century 21 ranked second in volume with $1.59 billion. Liberty ranked third with $1.40 billion. Prudential ranked fourth with $1.33 billion.

Denver-based RE/MAX International has 28 affiliated offices in the metro Las Vegas area, with more than 900 Realtors.

No real estate network sells more home listings in the United States than RE/MAX, whose sales associates closed on more than two million sales in 2005. RE/MAX has number one market share in either listings sold or dollar volume in numerous markets throughout the United States, including Phoenix, Chicago, Atlanta, Denver, Dallas, Houston and Philadelphia. It also has number one market share in every major metro market in Canada.

?We are obviously very pleased with our market share growth in Las Vegas,? said Chip Brekken, regional vice president of RE/MAX Southwest, which includes Nevada, Arizona and New Mexico. ?Las Vegas is still one of the most active housing markets in the country and one of the most competitive, in terms of brand name. Just an incremental difference in market share translates into hundreds of millions of dollars.

?Our growth can be attributed mostly to the quality of our agents, who are far above industry averages in sales, experience and advanced education certification. We also believe we have the best technology and marketing support services in the business. Our revamped web site now has more home listings and easier navigation than any other competitive real estate brand name web site. By the end of the year, we will have virtually every home listing in the United States on our site, and we provide information on those listings to home buyers quicker than any competitor. That makes a huge difference to anyone looking to list their home, especially in a market like Las Vegas.?

The RE/MAX franchise network is a global real estate system with more than 6,450 independently owned offices engaging 118,800 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, relocation, and asset management. Local community involvement is important to RE/MAX members who participate in thousands of local charitable causes and have raised more than $66 million for Children?s Miracle Network. RE/MAX is also a major sponsor of the Komen Race for the Cure Survivor Program.

For more information visit www.remax.com.

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