Redfin completes its West Coast roll-out [The Real Estate Economy]
Redfin is a 2.0 real estate "arms merchant" that opened to the public on the same day last February as that other Seattle start-up, Zillow. This week, Redfin added the LA market to its online brokerage service, and completed its San Francisco launch. Last night a party marking the milestones at Fluid, a downtown San Francisco venue modelled after "ultra lounges" in Vegas like Tabu, brought out the local real estate technorati. Industry blogs, Socket Site and Transparent RE, have the skinny.
Redfin CEO Glenn Kelman told me that DC and Boston are the next markets where he'll launch. When Redfin gets up to six cities, it should carry a total of about a million listings on any given day, roughly the same that rival Trulia currently stocks.