SOURCE: ZipRealty

ZipRealty

April 10, 2009 18:13 ET

ZipRealty Becomes First Non-Traditional Brokerage in the Top 10 of REAL Trends 500

Online-Based Real Estate Brokerage Takes Ninth Spot for Transaction Sides and Tenth in Sales Volume

EMERYVILLE, CA--(Marketwire - April 10, 2009) - In a first for non-traditional residential real estate brokerages, the online-based firm ZipRealty (www.ziprealty.com) (NASDAQ: ZIPR) broke into the top 10 ranking of the 2009 REAL Trends 500, based on 2008 sales. ZipRealty climbed six spots from last year to claim ninth place in total transaction sides, which measures the performance of the nation's leading real estate firms. In addition, ZipRealty's growing sales volume boosted the company to tenth in sales volume, up from 19 last year.

"To break into the top-10 in both transaction sides and total sales volume, and serve as the most trafficked real estate brokerage Web site, is a testament to the growth of ZipRealty and the acceptance that a new model can thrive," said Patrick Lashinsky, president and CEO of ZipRealty. "In 2008 we expanded ZipRealty's footprint into several new markets nationally, hired new agents, and, despite difficult market conditions, enjoyed our 10th consecutive year of revenue growth and maintained the highest client satisfaction rating in the industry."

The 2009 REAL Trends 500 rankings, published late last week, feature two lists: one based on a brokerage company's closed transaction sides for 2008, and the second on dollar value of properties sold during 2008.

ZipRealty was founded in 1999 on the belief that buying or selling a home could be faster, easier and more efficient. The nation's largest online-based full service real estate brokerage, ZipRealty services both buyers and sellers in 35 markets in 21 states with more than 2,800 agents.

About the Report

The 2009 REAL Trends 500 is an annual research report which identifies the country's largest and most successful residential firms as ranked by closed transaction sides and separately by closed sales volume. This report represents the most trusted standard of measuring the performance of the nation's leading realty service firm.

To see a complete list of 2009 REAL Trends 500 rankings, visit http://www.realtrends.com/go/page.php?menu_id=73

About ZipRealty, Inc.

ZipRealty is a full-service residential real estate brokerage firm. The Company utilizes its user-friendly Web site and employee real estate agents to provide home buyers and sellers with high-quality service and value. ZipRealty's Web site provides users with access to comprehensive local Multiple Listing Services' home listings data, as well as other relevant market and neighborhood information. The Company's proprietary business management system and technology platform help to reduce costs, allowing the Company to pass on significant savings to consumers. Founded in 1999, the company operates in 35 major markets in 21 states and the District of Columbia. For more information on ZipRealty, visit www.ziprealty.com or call 1-800-CALL-ZIP.

About REAL Trends

REAL Trends, Inc. is a research, publishing and communication company located in Denver, Colorado serving the information needs of the residential real estate industry.

Contact Information

  • Contact:
    Marielle Covington
    Allison & Partners
    415-277-4929
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