Austin Real Estate

Austin Real Estate About Us News Press Releases Residential Real Estate Business Grows, Despite Recession

Residential Real Estate Business Grows, Despite Recession

AUSTIN, TX – October 26, 2009 – In an economic climate where the real estate industry is struggling, Austin-based Goldwasser Real Estate has grown to more than 60 agents in less than a year (up 250% in a year) with an average quarterly sales growth of 30 percent. September was the company’s strongest month yet, with closed sales up 45% from a year ago.

Goldwasser Real Estate’s success is a bright spot in a real estate market that has seen many challenges in the past two years.

Just one year after its launch, Goldwasser Real Estate is already among the top real estate brokerages in Austin, having completed 380 transactions through September 30. Though the start-up brokerage is home to only 60 of the city’s more than 8,000 Realtors, it captured more than $88 million in sales from January through September.

Founder Chad Goldwasser attributes the company’s strong performance to an emphasis on customer service and the implementation of strong systems not found in the real estate industry.

“Our mission is to transform the real estate industry,” Goldwasser said. “We are providing revolutionary value and innovation for both buyers and sellers of residential real estate, and that sets us apart.”

Goldwasser Real Estate’s listings are selling nearly one month faster than the overall Austin average for properties listed since January 1, according to data from the Austin Board of Realtors Multiple Listing Service (MLS). The firm’s listings sell on average in just 48 days, compared to 76 days for all listings in the Austin market.

Goldwasser formed his own independent brokerage in November 2008, breaking away from Keller Williams Realty, where he led the number one sales team in the entire Keller Williams System.

“We started our own brokerage because we realize that the real estate business is overdue for a change,” Goldwasser said. “We are creating a customer-centric era in real estate, and the trends show that the traditional agent, who is operating alone or with very little help from their broker, is not going to be able to keep up with the growing demands of customers, especially in a tough market. We are leading this movement, and I believe our recent success shows that our approach is resonating with the Austin market.”

Goldwasser Real Estate is growing and continuing to selectively hire agents at a time when many businesses are suffering.

“We’re looking for the most elite agents in the business to carry our message throughout Austin, and ultimately, nationwide,” Cooper said. “Our unique approach to real estate and growth momentum is attracting the best agents.”

As evidence, Cooper notes that Goldwasser Real Estate recently brought in top Austin real estate agent Sandy Kerr, who was most recently associated with Keller Williams Realty.

The firm says it intends to hire and train 8 to 10 agents per month.

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About Goldwasser Real Estate

Goldwasser Real Estate, LLC is a full-service, residential real estate company providing world-class experience and quality service to clients, agents and associates. The company’s mission is to be the world leader in providing revolutionary value and innovation to the buyers and sellers of residential real estate. Founder Chad Goldwasser has been in the real estate business since 1998 and grew his company into the number one residential real estate team in Austin for 2006, 2007, and 2008 (as ranked by the Austin Business Journal), as well as the number one sales team in the Keller Williams Realty International system for units sold in 2007. The company formed its own independent brokerage, Goldwasser Real Estate, in November 2008. For more information, please visit www.goldwasserrealestate.com.