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NEWLY LAUNCHED CONDO WEB SITE HELPS CONSUMERS MAKE BETTER REAL ESTATE DECISIONS

New CondoCompare.com web site lets consumers select and compare condos based on more than 30 different criteria and user-generated rankings

Seattle - (May 6, 2008) - CondoCompare, Inc., a web site for researching, buying and selling condominiums, today announced the launch of its new Web 2.0 site with added features that make it easier for consumers to research, buy and sell condos online. CondoCompare.com is the only real estate website that lets consumers select both condo buildings and condo units, and then compare those buildings and units using a wide variety of criteria, including neighborhood, price, amenities, size, cost per square foot, and user-generated comments and rankings.

“Traditional real estate web sites list individual condo units and not the actual condominium buildings, making it very difficult to do an ‘apples to apples' comparison of one unit to another or one building to another building,” said Casey Sullivan, CEO of CondoCompare, Inc. “CondoCompare provides analytical tools that allow consumers to select condos that meet their exact requirements, and compare those condos and buildings to hundreds of others. The site even provides historical pricing information so consumers can determine the realistic market value of a property to help them negotiate the very best deal.”

CondoCompare's “secret sauce” is its ability to aggregate disparate data about hundreds of thousands of listings from multiple listing services (MLSs) and format this data so consumers can compare one unit or condo building to another. This is difficult to do because there are over 880 MLSs across the United States, all of which have proprietary systems with differing data formats and listing requirements. CondoCompare connects data about the various condo units with their respective buildings, which then allows consumers to compare units and buildings using more than 30 different criteria, including neighborhood, price, size, number of bedrooms and bathrooms, view, pet policy, and building amenities.

“The buying and selling of condominiums is typically a much more complicated purchase than buying a house,” said Brett Frosaker, president of CondoCompare, Inc. “We only work with the top agents in each market, those in the top 20 percent of their office and with a proven expertise in condominium sales. We even offer a Chat button on the site where you can talk with an agent and arrange for a tour of the property within 30 minutes.”

Consumers can register for free on the site and build a personalized profile in the “My CondoCompare” section. They can then post messages and photos about a favorite condo, share their knowledge of neighborhood amenities such as shops, dog parks or favorite dining destinations, and rank condo buildings on a one-to-five scale.

Once registered on the site, users can save their search criteria in My Saved Searches and save favorite condos and/or buildings in My Watch List, which will send them an email alert whenever there is a price reduction or new listings on the market.

CondoCompare.com began its service in the greater Seattle and Portland markets and will soon be expanding into California, followed by Texas, Nevada, Colorado and Utah in the coming months. A national rollout is planned within the next year.

About CondoCompare.com

CondoCompare.com is the premier condominium web site and real estate brokerage that allows buyers and sellers to research, rank, comment, and buy or sell condominiums from the comfort of their office or home. CondoCompare Inc., a privately funded company, is based in Seattle, Washington and was founded in May 2007. For more information, please call (866) 582-2667 or visit www.CondoCompare.com.