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Hubzu is reporting new data in regards to its home sales through the company’s online marketplace. Via the Hubzu broker-based marketplace, homes sold in 2012 received on average 9 bids and offers compared to the national average of 3.1 offers per property. Additionally, homebuyers placed an average of more than 26,000 bids and offers monthly on properties for sale.
The positive numbers are encouraging for the long-term outlook for Hubzu.
“We’ve reached a tipping point,” said Scott Wielar, general manager of Hubzu. “It’s clear that the Hubzu user experience, shortened sales cycle and fully transparent process attract more than just the early adopters.”
“We see a vibrant marketplace evolving, as consumers and brokers take advantage of new technology to do more than just research. They are buying and selling homes entirely online," Wielar added.
Through the Hubzu online marketplace, more than 63,000 homes have been sold with nearly 30,000 closings in the past year alone.
Hubzu houses more than 285,000 users and more than 6.3 million pages are viewed monthly on the online marketplace.
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