Crye-Leike Real Estate Services, the nation’s fifth largest privately-held residential real estate firm and the largest in the Mid-South, celebrates another record breaking year for 2017. The company sold $6.5 billion in real estate, and closed 32,583 transactions corporate wide to make it their highest sales performance in the company’s over 40 year history.
“We anticipated there would be some challenges in real estate for 2017, inventory shortages were an issue and we saw an increase of annual tenure in homes,” said Crye-Leike CEO and Co-Founder Harold Crye. “Despite those challenges, our sales associates were able to excel and make it our best year to date.”
The company has more than 3,200 sales associates and 128 company-owned and franchise offices in a nine state region (Tennessee, Arkansas, Alabama, Florida, Georgia, Kentucky, Mississippi, Missouri, and Oklahoma) and Puerto Rico.
“We are proud of our network of Crye-Leike sales associates who dedicate their services to help home buyers and sellers in and around their communities,” said Crye-Leike Co-Founder Dick Leike. “Their hard-work, time, and commitment have made it possible for over 650,000 families to make the dream of homeownership a reality since we first opened our doors over 40 years ago.”
During Crye-Leike’s 41st Annual Kick-Off campaign conferences, held every January, Crye-Leike founders Harold Crye and Dick Leike shared the announcement to agents and employees in each of their nine state regions. Sales associates received 2017 company highlights as well as the 2018 company goals. “Let’s continue to set goals and make 2018 the best year to date,” said Mr. Leike. “Although, challenges for the real estate industry in 2018 appear to be similar to that of 2017, we can reach our 2018 goal of $6.8 billion.”
To reach this goal and to stay on top as a real estate leader in the Mid-South, Steve Brown, Crye-Leike’s president of Residential Sales, encouraged sales associates to continue their professional and personal growth. “Crye Leike had its best year ever in 2017, exceeding our volume in the boom year of 2007, with $6.5B in sales," said Mr. Brown. "Units were a challenge. We just don’t have enough inventory and in most of our regions, we do not have volume builders, so the units were essentially flat. We’re encouraged that the U.S. tax overhaul will help boost jobs and therefore sales in 2018 and even in to 2019. We are focused on growth in sales and agents.”
Crye-Leike has credited much of their success to the services and resources provided for all of their sales associates to help meet their client’s real estate needs. A full service real estate company, Crye-Leike offers a one stop shopping environment by providing financial services with mortgage lending, title closing, insurance, home services, property management, and national relocation services. Additionally, their website Crye-Leike.com is one of the most heavily visited and professionally managed real estate website in the United States, updating their home listings ever 12 minutes.
“The convenience, efficiency, and dependability we provide for consumers will be the driving force to keep our company on track for our 2018 goal,” said Mr. Crye.