VAIL, Colo. – (May 15, 2008) – Slifer Smith & Frampton Real Estate
is proud to announce that it has been named to RISMedia’s 20th Annual Power Broker Report & Survey. Slifer Smith & Frampton Real Estate ranked 285 in closed transaction sides in the Power Broker Report and was 35 in sales volume rank. The Power Broker Report identifies and ranks America’s largest residential real estate brokerage companies by transaction sides and sales volume.
The results of this year’s Power Broker Survey reflect the market downturn felt from coast to coast. Longer listing times, more cautious buyers and the mortgage meltdown resulted in fewer total transactions—2,322,210 in 2007 compared to 2,754,618 in 2006. Meanwhile, price appreciation continued its decline, resulting in lower total sales volume—$749,201,552,294 in 2007 compared to $855,755,959,352 in 2006.To view the complete Power Broker Survey results, visit www.rismedia.com
.“Appearing in RISMedia’s 2008 Power Broker Report is more important than ever,” explains RISMedia President & CEO John Featherston. “By ranking the industry’s leading brokerages by sales dollar volume and transaction, we have been able to identify the leaders in real estate year after year. It’s a great promotion and recruitment tool and a great way to show consumers that the real estate industry is still open for business.“Being among the top 700 brokers in the country is a sure way to gain the trust of speculative clients, differentiate your firm from the competition, and catch the eye of ambitious new recruits.”“Slifer Smith & Frampton Real Estate moved up 2 spots in transaction rank since 2006 and up 13 spots in sales rank- from number 48 to number 35 out of 700 companies in the country. I am extremely proud of our sales team and their continued success” said Jim Flaum President of Slifer Smith & Frampton Real Estate.The Power Broker Report & Survey is compiled annually by RISMedia and is based on data collected by an annual survey of leading residential real estate brokerage firms. All sales and transaction volume comes directly from brokerages and is verified and substantiated by external sources, in most cases accounting firms, prior to publication.Based in Norwalk, Conn., RISMedia was founded in 1980 as the premier source of news and business-development information for the residential real estate and home services industries.Slifer Smith & Frampton Real Estate was the first real estate firm in the Vail Valley. With over 100 seasoned brokers and inspiration from Vail’s first Realtor Rod Slifer, it has proven to be the most trusted name in Vail Valley real estate for more than 45 years.