EMERYVILLE, Calif.,
Jan. 28, 2014 /PRNewswire/ --
ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ: ZIPR), the
nation's most prominent online technology-powered residential real
estate brokerage firm and real estate marketing solutions
provider, has released a new study comparing the housing markets in
Denver and Seattle to see how each metro measures up.
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"Both Denver and Seattle have
elite pro football teams that fought hard on the field all season
to win championships in their respective divisions, which earned
them a Super Bowl berth," says Van
Davis, President of Brokerage Operations for ZipRealty. "But
we wanted to take a closer look at these two champions to see how
they perform off the field, in the housing market."
"To reach the Super Bowl, your team needs to be great at gaining
yards; have the biggest, fastest and most-experienced players, not
to mention a great coaching staff," says Mr. Davis. For home buyers
and sellers interested in making a move in these markets, Zip
Realty examined which metros – Denver or Seattle – are leaders at
"gaining yardage," have more "veteran" players, "move the fastest,"
have the most expensive "players" and the best "coaching"
staff.
Specifically, ZipRealty analyzed five housing market trends on a
year-over-year basis as of the end of 2013: 1) average lot size, 2)
new construction vs. existing home sales 3) median days on market,
4) median sales price and 5) agent ratings and reviews on
ZipRealty.com.
1) Which metro gains more yards?
Denver properties are larger than
Seattle properties.
Average Lot Size in Square Feet
- Denver: 74,636
- Seattle: 60,754
2) Where are the most veteran players
located?
Although they're almost evenly matched,
Seattle has fewer new homes than
Denver.
% of New Construction vs. Existing Home Sales
- Denver: 5.4%
- Seattle: 5.3%
3) Whose players move the
fastest?
Denver's homes
are selling at nearly double the rate than Seattle homes.
Median Days on Market
4) Which metro has the most expensive
players?
Seattle wins when
it comes to median home sales prices, edging out Denver by more than $26,000.
Median Sales Price
- Seattle: $285,849
- Denver: $259,000
5) Whose coaching staff is
best?
A real estate agent acts as a coach in a successful
home purchase or sale. As it turns out, these two markets have an
outstanding coaching staff, with nearly-perfect agent ratings and
reviews based on ZipRealty's Agent ratings.
Average Agent Ratings
- Denver: 4.91 out of 5
- Seattle: 4.84 out of 5
About ZipRealty, Inc.
ZipRealty is a leading
national real estate brokerage and provider of proprietary
technology and comprehensive online marketing tools for the
residential real estate brokerage industry. For home buyers and
sellers who increasingly want control, choice and a seamless,
customized service, ZipRealty offers Internet-enabled,
state-of-the-art technology and complete access to accurate, timely
information via their website and mobile applications, which real
estate professionals can combine with their own local knowledge and
personal expertise to offer an exceptional start-to-finish client
experience. For real estate professionals who seek more productive
ways to conduct business, ZipRealty provides technology and online
marketing tools to enhance their online sales channel, including
lead generation, conversion and service of their clients.
ZipRealty's technology and online marketing products serve its
full-service, owned-and-operated residential real estate brokerage
business in 19 markets nationwide, as well as its Powered by Zip
network of leading third-party local brokerages in 20 markets.
FOR IMMEDIATE RELEASE
Media Contact: Stacey Corso
510.735.2667
scorso@ziprealty.com
SOURCE ZipRealty, Inc.