Riverdale - Blue Realty GMAC, with nine offices and over 200 licensed Realtors in New Jersey, has been named to the 2009 RISMedia National Real Estate Power Broker List, ranking 468 in the country in closed real estate transactions and 432 in dollar volume. The RISMedia National Power Broker List is released every year and contains the names of the top 600 Real Estate Brokerages in the country, ranked by sales units and volume.
According to Charles Blumenkehl, president of Blue Realty GMAC, "Being named to the RISMedia Power Broker List is a great achievement for our company, and a validation of all we have been doing these past few years, and will continue to do. Like everyone else, we find ourselves faced with the same challenges our peers do. Our response to these challenges, adding programs and tools that meet the times we are in, including our online real estate presence, superb E-Realty Information Generation platform, Market Value Predictor, and all our other great tools, and most importantly, the people in our company who are doing the work, have allowed us to thrive and grow in this challenging environment. I always say that a company is only as good as its people, and we are fortunate to have such wonderful people within our company providing great service to the public."
Blumenkehl noted that while his company's average sales price dropped to just under $275,000 statewide in 2008, pointing to a reduction of sales in the Elegant Homes market, their transaction volume jumped 20%, propelling the company to national rankings. Blumenkehl believes 2009 will mark a year of heightened production, particularly in the first time buyer markets, due in large part to the attractive interest rates and prices along with the tremendous incentives being offered, including an $8,000 credit to all first time buyers who buy before 12/01/09. "In the 31 years I have active in real estate, I can't recall a time when everything was lined up so perfectly for the first time buyer. This is the greatest opportunity in history to be buying your home".