What were the biggest real estate companies in the Twin Cities last year?
Real Trends released its latest rankings of brokerages across the U.S., which is based on data from a voluntary survey.
Here’s how Minnesota brokerages ranked on the national list based on transaction sides, a term that indicates whether an agent represented a buyer and/or a seller:
No. 2: HomeServices of America Inc., had 245,154 sides (New Jersey-based NRT was No. 1 with 337,780 sides).
No. 11: Eden Prairie-based RE/MAX Results with 22,691 sides.
No. 84: Savage-based RE/MAX Advantage Plus, 6,415 sides.
No. 104: Maple Grove-based Keller Williams Realty Haigh Group, 5,696 sides.
No. 119: Keller Williams Realty Integrity Northwest of Elk River, 5,344 sides.
No. 166: Keller Williams, Woodbury, 4,350 sides.
No. 245: Keller Williams Classic Realty, Coon Rapids, 3,238 sides.
No. 423: Edina-based Jackson Hole, Lakes, Sun Valley Sotheby’s International Realty, with 2,078 sides.
No. 452: Counselor Realty of Coon Rapids with 1,993 sides.
Here’s how Minnesota brokerages ranked by sales volume:
No. 2: HomeServices of America Inc., $86 billion.
No. 20: RE/MAX Results, $5.7 billion.
No. 120: RE/MAX Advantage Plus, $1.6 billion.
No. 133 Jackson Hole, Lakes, Sun Valley Sotheby’s International Realty, $1.5 billion.
No. 145 Keller Williams Realty Integrity Northwest, $1.4 billion.
No. 150 Keller Williams Realty Haigh Group, $1.4 billion.
No. 236 Keller Williams, $999 million.
No. 356 Keller Williams Classic, $716 million.
Fun facts from Real Trends about the rankings:
• Only about one-half of 1 percent of the nation’s brokers were responsible for approximately one-third of the nation’s residential real estate business.
• To make the list, a firm had to close more than 500 transaction sides — this year’s list included more than 1,700 firms, a 6.2-percent increase over the previous year.
• To make the top 500 by volume, brokers had to close at least $505 million in sales, a $53 million increase over the previous year.
• The top 500 firms by sides closed a collective 3,110,960 transactions, a 6.6 percent increase over 2015.
• The top 500 firms by volume closed a combined total of $1.05 trillion-plus in sales, an 8.8 percent increase of over 2015.
• Realogy, RE/MAX and Berkshire Hathaway HomeServices each slipped in 2016 in terms of the number of their brokers populating the top 500 by sides. Realogy, which includes Century 21, Coldwell Banker, Better Homes and Gardens Real Estate, ERA and Sotheby’s International Realty, slipped from 104 to 99; RE/MAX slid from 94 to 84 and Berkshire from 28 to 27.
Stay tuned for news about the top agents and agent teams.