Condo.com is a Silver Lining in a Dark Real Estate Industry
Condo.com uses technology and partnerships to uncover opportunities for consumers, realtors and developers.
Miami, FL, April 26, 2008 --(PR.com)-- While many companies are struggling in today’s economy, especially in the real estate industry, Condo.com continues to experience rapid growth as the World’s Largest Condo Marketplace. Traffic to the site increased 25% in March, which generated more than 10,000 leads, over 5 million page views and over 60,000 visitor hours on the site.
At the end of 2005, the Miami Herald ran a front-page article announcing the new company, which would revolutionize the way condos are marketed, bought and sold. Condo.com has lived up to this prediction and is now creating a significant impact in a market that sorely needs positive results. When the site launched in January 2006 it had 8,000 property listings on the site. Today Condo.com has over 600,000 listings with inventory valued at $150 billion.
Condo.com anticipated the unprecedented over-supply of condos in major metropolitan areas within the United States and globally, and the resulting challenges this would impose on real estate developers and unit owners. The company creates liquidity for sellers by attracting condo buyers from around the world that are looking for a superset of all available listings. A review of Condo.com, and the opportunities it brings to the real estate market, gets even the worst real estate skeptics excited.
What makes Condo.com so valuable to the real estate industry is its comprehensive database focused solely on multi-family units for sale and for rent on a global basis. This database includes inventory from multiple sources including developers and lending institutions that are traditionally not available to consumer markets. Developer listings, auctions and REO properties are where many of the hot deals are and these remain blind spots for other real estate websites. Condo.com creates partnerships with developers and financial institutions and provides cost-effective marketing and sales support to market and sell their condo inventory. Another distinct benefit is the ability to view entire buildings and associated unit inventory as well as entire streets and neighborhoods of condo buildings to see what is available. This is especially useful for investors looking to buy large blocks of inventory.
Another key value that Condo.com offers to buyers and investors is the ability to find bargains. Everyone is wondering where the bottom is and using the unique search tools on Condo.com, buyers can efficiently do their research, look at comparisons and act quickly. “We know that part of the increase in our traffic is from bargain hunters looking for deals. You can compare price per square foot, amenities, association fees and other pertinent information across buildings, zip codes and markets to narrow down your search in minutes. Condos, unlike single-family homes are boxes in the sky, which often trade sight-unseen, like a commodity. It is the prefect real estate asset-class for a centralized marketplace,” says Richard Swerdlow, CEO of Condo.com.
About Condo.com
Condo.com (www.condo.com) is the world’s largest condominium marketplace with inventory of over 600,000 listings valued in excess of $150 billion. Condo.com lists condos for sale and for rent in the United States and 70+ countries around the world and cost-effectively delivers exposure and qualified leads to developers, brokers and for-sale-by-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 a privately held company headquartered in Miami, Florida. For more information, visit www.condo.com.
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At the end of 2005, the Miami Herald ran a front-page article announcing the new company, which would revolutionize the way condos are marketed, bought and sold. Condo.com has lived up to this prediction and is now creating a significant impact in a market that sorely needs positive results. When the site launched in January 2006 it had 8,000 property listings on the site. Today Condo.com has over 600,000 listings with inventory valued at $150 billion.
Condo.com anticipated the unprecedented over-supply of condos in major metropolitan areas within the United States and globally, and the resulting challenges this would impose on real estate developers and unit owners. The company creates liquidity for sellers by attracting condo buyers from around the world that are looking for a superset of all available listings. A review of Condo.com, and the opportunities it brings to the real estate market, gets even the worst real estate skeptics excited.
What makes Condo.com so valuable to the real estate industry is its comprehensive database focused solely on multi-family units for sale and for rent on a global basis. This database includes inventory from multiple sources including developers and lending institutions that are traditionally not available to consumer markets. Developer listings, auctions and REO properties are where many of the hot deals are and these remain blind spots for other real estate websites. Condo.com creates partnerships with developers and financial institutions and provides cost-effective marketing and sales support to market and sell their condo inventory. Another distinct benefit is the ability to view entire buildings and associated unit inventory as well as entire streets and neighborhoods of condo buildings to see what is available. This is especially useful for investors looking to buy large blocks of inventory.
Another key value that Condo.com offers to buyers and investors is the ability to find bargains. Everyone is wondering where the bottom is and using the unique search tools on Condo.com, buyers can efficiently do their research, look at comparisons and act quickly. “We know that part of the increase in our traffic is from bargain hunters looking for deals. You can compare price per square foot, amenities, association fees and other pertinent information across buildings, zip codes and markets to narrow down your search in minutes. Condos, unlike single-family homes are boxes in the sky, which often trade sight-unseen, like a commodity. It is the prefect real estate asset-class for a centralized marketplace,” says Richard Swerdlow, CEO of Condo.com.
About Condo.com
Condo.com (www.condo.com) is the world’s largest condominium marketplace with inventory of over 600,000 listings valued in excess of $150 billion. Condo.com lists condos for sale and for rent in the United States and 70+ countries around the world and cost-effectively delivers exposure and qualified leads to developers, brokers and for-sale-by-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 a privately held company headquartered in Miami, Florida. For more information, visit www.condo.com.
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Contact
Condo.com
Adam Kujacznski
305-476-2075
www.condo.com
Adam Kujacznski
305-476-2075
www.condo.com
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