Crye-Leike Celebrates $700 Million Sales Increase In 2013

Tuesday, January 28, 2014
Crye-Leike Cofounder and CEO Harold Crye congratulated the company’s Chattanooga agents on their sales success in 2013 at an annual market update meeting. Harold Crye and Top Producing Agents, Cindi and Bryan Richardson were among hundreds of agents who attended the event.
Crye-Leike Cofounder and CEO Harold Crye congratulated the company’s Chattanooga agents on their sales success in 2013 at an annual market update meeting. Harold Crye and Top Producing Agents, Cindi and Bryan Richardson were among hundreds of agents who attended the event.

Many great things happened for the real estate market in 2013 including increased sales, higher home prices and less foreclosures.

Crye-Leike’s Chattanooga agents recently heard lots of positive real estate news at the company’s annual kickoff meeting it holds to rally agents to have a productive new year. Crye-Leike Realtors heard a market update from Crye-Leike cofounder and CEO Harold Crye who also congratulated the agents on their sales success in 2013.

Crye-Leike realtors had a good year, achieving a $5.2 billion sales volume in 2013 which was a total 16% higher than 2012 when the company had a $4.5 billion sales volume. Crye-Leike’s sales were up in 2013 by $700 million and its realtors helped the company sell 30,471 properties.

Locally in Chattanooga, Crye-Leike agents achieved a $405 million sales volume from selling 2,737 properties in 2013.

“We’re happy the real estate market continued to strengthen in 2013 and thankful to our agents for helping Crye-Leike surpass its sales goals for the year,” said Harold Crye. “We set a goal to have $5 billion in sales last year and we exceeded that total. We are optimistic the market will continue to improve in 2014, but Crye-Leike is still setting an achievable goal to have $5.5 billion in sales for this year.”

Mr. Crye said, “Rising interest rates and home prices will create some challenges for the market. Because of those things, home affordability has already started to decline, but the good news is home affordability is still the best it has been in 5 years.”

With Crye-Leike selling 2,406 more properties in 2013 than it did in 2012, company associates hope that 2014 will bring more increased sales.

“We thank our agents for the terrific job they do of caring for our customers and helping Crye-Leike remain the #1 leading real estate company in the Mid-South,” said Mr. Crye. “Homeownership is a powerful part of life and we encourage everyone to keep striving to achieve their dream of becoming a homeowner as we expect the 2014 market to once again see improvements.” 


Planning Commission Recommends Approval for 4-Story St. Elmo Commercial/Residential Building

The Planning Commission on Monday afternoon approved a four-story commercial/residential project near the Incline Railway in St. Elmo. A number of residents of the historic suburb had expressed concern about the height of the building near Mojo Burrito on Old Mountain Road. Paul Teruya, a developer from the Southside, said he had held several meetings with neighbors and ... (click for more)

City To Work With Developers On Utilizing Long-Vacant Infill Lots

The city plans to work with developers to utilize long-vacant lots owned jointly by the city and county, officials said Wednesday. The county is being asked to relinquish its rights to 34 lots. Paul Parker, county real property manager, said the city will be the lead agency in seeking to find developers to use the lots for new construction. The properties would go back ... (click for more)

Haslam Signs Bill Ending Forced Annexation And Giving Tennesseans Right To Vote

Governor Bill Haslam signed HB 2371/SB2464 on Wednesday. The law ends forced annexations and gives Tennesseans the right to vote. The law now requires cities to annex by consent of the landowner or through referendum approved by a majority of the landowners to be annexed. As an additional protection to farmers, land primarily used for agriculture purposes may not be annexed by any ... (click for more)

One Of "Worst Of The Worst" Gets 10-Month Federal Sentence

One of the men labeled as the "worst of the worst" in a Chattanooga round up was sentenced Tuesday to 10 months and three years supervised release after he plead guilty to one count of conspiracy to distribute crack cocaine. Guy Wilkerson told Federal Judge Sandy Mattice, "I'm just a young father and I want the best for my kids." He said he apologized and that he knew what he ... (click for more)

What's Wrong With The City Recycle Program? - And Response (2)

Being new to recycling, I have lots to learn.  I rely on 311 and the attendants at the neighborhood collection centers to assist in building my knowledge.   Recently, I had an experience that makes me reconsidered my recycling efforts.  I loaded up my car, called 311 to verify what I could take, only to be blocked by the attendant at my neighborhood collection ... (click for more)

Roy Exum: That Billboard & Much More

Now that early voting has started and our strawberries have hopefully survived this last blush of winter, allow me to catch up on some things but, first, here’s a letter from a concerned reader I feel compelled to share: “There is something I have noticed throughout Brainerd, East Brainerd, Dayton, etc. A billboard has been put up, I believe by the Health Department of Hamilton ... (click for more)