realtybid Makes Good Times From Bad

realtybid.com have reported that 2008 was a stellar year – setting several records for the online auctions website – despite, or perhaps because of, harsh economic times.

The records were broken because of the foreclosure bargains the online auctions website was able to offer.

realtybid.com CEO/President Tony Isbell, told RISmedia that the website saw a 26% increase in home sales during the fourth quarter of 2008 compared to 2007. Overall website traffic nearly tripled in 2008 compared to the previous year, with over 16 million page views. The website also listed over 1000 properties for auction in 11 out of 12 months over 2008.

The fourth quarter of 2008 was the company’s biggest ever. Isbell anticipates that it will not slow down, and realtybid.com is aiming to offer more than 5,500 properties for auction during the first quarter of 2009.

Mike Keracher, realtybid.com’s Executive Vice President, said the company is also watching owner-occupant sales grow, whereas two years ago most sales were to investors.

Unlike some other foreclosure sites, realtybid.com is free-to-view, which could account for some of the web traffic increase.

realtybid.com also celebrated other successes in 2008, being ranked as the US number one sales team in team transactions in both the 2008 and 2007 Lore Magazine/Wall Street Journal/Real Trends “Real Estate Top 200.”

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