Las Vegas real estate company named 26th largest in country

Las Vegas-based Prudential Americana Group ranked 26th in transactions and 39th largest real estate brokerage based on sales volume in Denver-based real estate research company Real Trends’ annual list of the top 500 U.S. real estate companies.

Prudential Real Estate’s parent company, Home Services of America, ranked second nationally for transactions and brokerage sales volume. Prudential Americana Group CEO Mark Stark was named Prudential Real Estate’s Broker of the Year in 2013 and owns the fourth-largest Prudential franchise in the country.

“The Real Trends 500 is a highly anticipated publication in real estate, as (it) conduct(s) rigorous research throughout the year to determine an accurate picture of our country’s real estate industry,” Stark said.

Real Trends reported that the nation’s 500 largest residential real estate brokerage firms controlled more than
2 million residential sales transactions in 2012. The transactions represent close to 29.8 percent of all new and resale transactions completed by brokers during the year.

The 500 megabrokers closed about
2.3 million home transactions with a value of more than $624 billion during 2012.

“The recovery in housing sales was reflected in the results from the RealTrends 500,” Real Trends editor Steve Murray says. “There were a record number of firms that closed more than $1 billion in sales and over 1,000 units. Unit sales were up 15.3 percent overall and total sales volume was up 20.7 percent. Many of the companies that had increased unit sales accomplished this through organic growth while merger activity remained slower than in years past. We expect acquisition activity to pick up, however, in the years to come as the market consolidates.”

NRT Inc. led the Real Trends 500 as the country’s largest residential brokerage company. Second on the list of the nation’s largest firms is HomeServices of America Inc., Prudential Real Estate’s parent company, headquartered in Minneapolis, with 151,017 closed transaction sides. Third on the list is The Long & Foster Cos. Inc., headquartered in Chantilly, Va., with 65,912 transactions; fourth was Pittsburgh-based Hanna Holdings Inc., with 37,986 transactions.

Americana Holdings, which includes Prudential Americana Group and Prudential Arizona Properties, is the nation’s fourth-largest Prudential Real Estate franchise. For details, visit www.americanagroup.com or call 702-796-7777.

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