Archive for November, 2008

New Redfin Now Live

Thursday, November 6th, 2008

Wow, it’s been a long slog but the new version is now up!

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ZIPR Releases Q3 Numbers

Wednesday, November 5th, 2008

ZipRealty announced their Q3 numbers today and I’m a little surprised, I wasn’t expecting such growth in number of transactions.

Highlights:

  • 5,019 transactions in Q308 compared to Q307 (up 31%) (though revenue only increased from $27.2m to $30.7m)
  • 2,814 agents up from 2,263 from end of Q307
  • Net revenue per transaction has declined from $7,110 to $6,130.
  • Operating expenses are flat at around $34m
  • Still losing money
  • Has $60m in the bank

So they’re doing more deals, but the deals are smaller and they’ve added a lot of agents. I wonder if their increase in transactions is a result of expansion or are they also seeing an increase in transactions in their mature markets?

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