Condo.com named a top US Real Estate Portal
World’s Largest Condo Marketplace Continues to Grow in Dominance
Miami, FL. (July 16, 2009) Condo.com, the world’s largest condo marketplace, was ranked #8 out of dozens of real estate portals in the United States by Global edge, a UK based award-winning trade portal designed to help real estate agents and property developers do business overseas. They were ranked #48 globally and were the #1 site dedicated exclusively to condominium marketing and sales.
“The top portals are either outright market leaders or the main challengers in large established markets, most notably in the US,” said Ashley Rigg, founder of Global edge. “Market leaders “own” their categories and are referenced naturally on the web which explains their dominance. I’d be willing to bet that in five years time, there will be very few new entrants into the top portals in established markets. Dislodging market leaders is extremely difficult. It’s often more efficient to set fire to a large pile of cash,” Rigg added about the ranking results.
Condo.com has established itself as a dominant force in the online marketing of condominiums worldwide. This is evidenced by the growth it has experienced since its launch in 2005. Condo.com has over 800,000 listings worldwide valued in excess of $200 billion. The site receives over 1 million visitors monthly and is dedicated to the evolution and prosperity of the condominium real estate market. While most companies are reporting huge declines in sales revenue, Condo.com has grown year-over-year revenues by over 50%. While these stats are impressive, the team at Condo.com is most proud of is the resource they have become to the real estate community; substantiated by 20,000+ qualified leads they generate for developers, agents, sellers and auctioneers each month.
Condo.com fills an important niche in the condominium and broader real estate community. Over eighty-five percent of consumers start their real estate search online because they want instant access to information. Condo.com provides property details, market analysis, photos, rich multi-media, community information, resident reviews and more – all of which has been vital to this industry.
The global over-supply of condos has become one of the symbols of the real estate bust and Condo.com serves an increasingly important role in providing liquidity to the market. Condo.com is the future of condo marketing and the future is here.
About Condo.com
Condo.com is the world's largest condominium marketplace with over 800,000 listings valued in excess of $200 billion. The site receives over 1 million visitors monthly and is dedicated to the evolution and prosperity of the condominium real estate market. Condo.com improves and simplifies the way people buy, rent, sell, manage, market and enjoy the condo lifestyle. Condo.com lists condominiums for sale and for rent in the United States and 70+ countries around the world. The Company cost-effectively delivers exposure and qualified leads to developers, brokers and owners through the seamless distribution of its listings to a global network of real estate websites visited by over 15 million viewers per month. Condo.com is privately held and headquartered in Miami, Florida. For more information visit www.condo.com.
Contact:Wendy Crocquet
954-294-6467
wendy@athena-marketing.com
back to Press Releases