condo.com

condo.com is the world’s largest condominium marketplace, with over 800,000 listings valued in excess of $200 billion. The site receives over 1 million visitors monthly.

condo.com was launched in 2005, and lists condominiums for sale, rent and vacation in the United States and 70+ countries around the world. All listings are automatically included on up to 20 websites, such as trulia.com, google.com, yahoo! Real Estate, themovechannel.com and more.

Ownership | Market Position | Key Measurements | Market Coverage | Advertising Model | Financials | Site Sections | Technology | Key Management | History | Recent Press | Information Sources

Ownership

condo.com is a privately held company, located in Coconut Grove, Florida.

Market Position

condo.com is the world’s largest condominium marketplace and the leading advertising site for developers, property managers, agents and owners of condos and multi-family properties. It faces competition from new entrants to the market like condogala.com.

Key Measurements
(January 2009)

condo.com has over 800,000 listings valued in excess of $200 billion. The site receives over 1 million visitors monthly.

condo.com lists condominiums for sale, rent and vacation in the United States and 70+ countries around the world.

The company cost-effectively delivers exposure and qualified leads to developers, brokers and owners through the seamless distribution of its listings to a global network of real estate websites visited by over 15 million viewers per month.

Market Coverage

condo.com has a global presence in over 70+ countries around the world.

Advertising Model

condo.com runs on a pay to list model, with listings from as little as $9.95 for 7 days. It also derives revenues through third party advertising and real estate transactions.

Financials

Undisclosed.

Site Sections



The key sections of the website are:

• Home
• For Sale
• For Rent (includes Vacation Rentals and Book a Hotel)
• Building Gallery
• Resources (Buyers, Sellers, Investors, Financing, Condo News, Appraisals, Neighbourhood Information, Find a Realtor, Moving Center)
• Community (Browse, Realtors, Developers, Blogs, Join, CondoTV)
• Advertise (Condo Listings, Local Expert, Building Expert, Power Seller, Power Office, Featured Developments, Banner Advertising)
• About Us

Technology

condo.com is a Microsoft-house, utilizing .NET and SQL Server for core site development. A variety of other technologies and mapping applications are also integrated into the site.

Key Management

The key management are:

• Richard Swerdlow – Founder & Chief Executive Officer
• Fernando De Los Reyes – Chief Marketing Officer
• James Smith – Chief Technology Officer
• Matthew Pluznick – Vice President of Strategic Marketing
• John Menezes – General Counsel
• Rob Hendricks – Vice President of Sales

History

condo.com was launched in 2005 and is the world’s largest condo marketplace formed to help developers, builders, brokers, financial institutions and others sell, rent and live in their condos, lofts or town homes. Based on an idea for a transparent and centralised marketplace – similar to what had previously been created for cars, hotels and apartments – condo.com has become the market leader.

condo.com is revolutionising the way condos are marketed, bought and sold and has become a leading Internet brand with a team of dedicated employees and “condo evangelists”.

condo.com provides a single destination for buyers to view all available properties for sale and for rent in the market. condo.com offers a self-listing process that provides free access to floorplans, photos and videos from thousands of buildings around the world to help create rich, multi-media listings. A listing on Condo.com is automatically displayed on dozens of domestic and international real estate sites accounting for over 15 million viewers per month – providing global exposure for a low flat fee.

Recent Press

Press coverage in listed online at the company’s press center.

Information Sources

Management Interview
Site Review

1. condo.com Hosts Online Auction

   US condominium portal and marketplace condo.com is hosting what it claims will be the one of the first auctions to cater to web based bidders as well as those who attend the auction in person. ...

2. New Executive and Strategy at condo.com

   condo.com has announced the hiring of Jason Mizrachi as vice president of business development to head its lead generation strategy....

3. fizber.com Partners With condo.com

   For sale by owner real estate search engine fizber.com has announced a partnership with condo.com, the world's largest condo marketplace. The partnership will let buyers visiting US based fizber.com search for the latest condo listings from condo.com in their local markets and across the country....

4. condo.com Adds Sales and Rental Data

   condo.com, a US portal and marketplace for condominiums, has announced that it has added enhanced past sales and rental data for over 3,500 property listings. ...

5. hotpads.com Takes Vacation Listings

   US based property search engine hotpads.com has recently added a “vacation” tab to its site, which lets users search for around 20,000 vacation home rentals across the country....