Memphis, Tenn. (March 18, 2016) - Tennessee-based Crye-Leike, the nation's fourth largest privately-held residential real estate brokerage firm and largest in Tennessee and the Mid-South, posted a record sales year of close to $5.7 billion in 2015, the second highest sales performance in the company's 39-year history. In comparison, the company reached its peak sales performance at $6.1 billion in 2006.
Crye-Leike's $5.74 billion sales volume companywide in 2015 was up 7.29 percent from $5.35 billion through Dec. 2014. These 2015 figures represent Crye-Leike's 3,000+ sales associates handling 31,826 closings within a nine-state region, a 3.89 percent increase from the 30,633 closings reported through Dec. 2014.
"Our company is proud to have helped over 31,000 families realize the dream of homeownership," says President Dick Leike. "Homeownership will continue to be one of the most sound long term investments most buyers will ever make."
Crye-Leike's 2015 sales figures include new and existing single-family homes, condos and duplexes as well as commercial properties within a nine-state regional market area (Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Missouri, Oklahoma, and Tennessee). Sales figures also include production from 111 branch and franchise offices in operation during 2015 and represent the sales volume of both listing and selling sides of a real estate transaction, which involve a buyer and a seller.
"Buying and selling real estate can be a daunting task for consumers," says Chief Executive Officer Harold Crye. "We have bundled all the services needed to complete a real estate transaction under one roof so the buyer and seller have a seamless experience. Our one-stop shopping allows our sales associates and staff to provide our customers with an efficient, convenient and reliable experience from the beginning and for years to come."
Chief Information Officer Gurtej Sodhi notes that the company's most powerful marketing tool is how Crye-Leike embraces technology with its Web site, Crye-Leike.com, which registers over 12,000 visitors per day and 30 million hits per month. Additionally, there have been over 10,000 downloads on Crye-Leike's mobile app, says Sodhi.
Over 55 percent of Crye-Leike's total web traffic is now mobile and that is increasing rapidly. Crye-Leike's mobile app, which displays real-time real estate listings in nine states, is available on the App Store for IPhone or Android.
The regional reports that follow disclose 2015 sales totals for each of Crye-Leike's seven regional territories located in Alabama, Arkansas, Georgia, Mississippi, Missouri, Oklahoma and Tennessee as well as cumulative totals within its franchise territories in Ark., Fla., Ky., Miss. and Tenn.
In summary, Crye-Leike's West Tenn. Region outperformed all other Crye-Leike regions reporting $1.41 billion in sales in 2015. Its Middle Tenn. Region ranks No. 2 in sales performance at $1.21 billion, followed by Arkansas at $1.18 billion; Southeast Tenn. at $376.23 million; Mississippi at $372.56 million; Alabama at $273.56 million; Georgia at $224.87 million; East Tennessee at $206.65 million; Oklahoma at $23.9 million; and Missouri at $6.4 million, just opening in Dec. 2014. When combining all four Tennessee regions (West, Middle, East and Southeast), Crye-Leike had a total sales volume performance of $3.20 billion in Tennessee for 2015.
ALABAMA REGION. Crye-Leike's Alabama Region includes sales from its 109 sales associates located in five branch offices, including Huntsville. Crye-Leikes year-end sales volume in Alabama totaled $273.56 million in 2015, up 8 percent from $253.14 million through 2014, representing 1,350 in year-end closings.
Crye-Leike's Alabama listings and sales are represented in Calhoun, Colbert, Cullman, Florence, Franklin, Jackson, Lauderdale, Lawrence, Limestone, Madison, Marion, Marshall, Morgan and Walker counties.
ARKANSAS REGION. Crye-Leike's Arkansas Region includes sales from its 579 sales associates in 17 branch offices within Central, East and Northwest Arkansas. Crye-Leike's year-end sales volume in Arkansas totaled $1.18 billion in 2015, up 2.73 percent from $1.15 billion through 2014. These figures represent 7,774 in property sales, over 7,587 comparable year-end results in 2014.
Crye-Leike's Arkansas listings and sales are represented in Arkansas, Ashley, Baxter, Clark, Cleburne, Columbia, Conway, Garland, Grant, Harris, Hot Spring, Independence, Jackson, Jefferson, Lincoln, Lonoke, Montgomery, Ouachita, Pope, Pike, Pulaski, Saline, Searcy, Stone, Union, Van Buren, White and Woodruff counties in Central Ark.; Clay, Crittenden, Craighead, Cross, Greene, Independence, Lawrence, Mississippi, Poinsett, Randolph, Saint Francis and Sharp counties in East Ark.; and Benton, Boone, Carroll, Sebastian and Washington counties in Northwest Ark.
GEORGIA REGION. Crye-Leike's Georgia Region includes sales from its 231 sales associates located in nine branch offices, including Atlanta. Crye-Leikes year-end sales volume in Georgia totaled $224.87 million in 2015, up 11.7 percent from $201.34 million through 2014, representing 1,185 year-end closings.
Crye-Leike's Georgia listings and sales are represented in Bartow, Bibb, Butts, Catoosa, Chattooga, Cherokee, Clayton, Cobb, Coweta, Crawford, Dade, Dawson, Dekalb, Douglas, Fayette, Floyd, Forsyth, Fulton, Gilmer, Gordon, Gwinnett, Hall, Henry, Lumpkin, Monroe, Murray, Pickens,
Rabun, Rockdale, Spalding, Troup, Walker, Walton, White and Whitfield counties.
MISSISSIPPI REGION. Crye-Leike's Mississippi Region includes sales from its 169 sales associates in six branch offices, including Jackson. Crye-Leikes year-end sales volume in Mississippi totaled $372.56 million in 2015, up 19.21 percent from $312.51 million, representing 2,259 year-end closings.
Crye-Leike's Mississippi listings and sales are represented in Benton, Chickasaw, Desoto, Itawamba, Lafayette, Lee, Marshall, Panola, Pontotoc, Prentiss, Tate, Tippah, Tishomingo, Tunica, and Union counties in North Miss.; Clay, Hinds, Lamar, Lowndes, Madison, Monroe, Rankin, Webster in Middle Miss.; and, Amite, Concordia, Covington, Forrest, Franklin, Jasper, Jones, Lamar and Pike counties in South Miss.
MISSOURI REGION. Crye-Leike's Missouri Region includes sales from its six sales associates in one branch office in Joplin, which opened in Dec. 2014. Crye-Leike's year-end sales volume in Missouri totaled $6.4 million in 2015, up 2,390 percent from $257,700 through 2014, representing 365 year-end closings.
Crye-Leike's Missouri listings and sales are represented in Barry, Jasper, McDonald and Newton counties.
OKLAHOMA REGION. Crye-Leike's Northeast Oklahoma Region includes sales from its 17 sales associates in one branch office in Grove, which opened in Sept. 2009. Crye-Leike's year-end sales volume in Oklahoma totaled $23.94 million in 2015, representing 189 year-end closings.
Crye-Leike's Northeast Oklahoma listings and sales are represented in Adair, Delaware and Ottawa counties.
MIDDLE TENNESSEE REGION. Crye-Leike's Middle Tennessee Region includes sales from its 648 sales associates in 18 branch offices, including Nashville. Crye-Leike's year-end sales volume in Middle Tennessee totaled $1.21 billion in 2015, up 4.7 percent from $1.15 billion through 2014, representing 5,383 in year-end closings.
Crye-Leike's Middle Tennessee listings and sales are represented in Bedford, Benton, Cannon,
Cheatham, Clay, Coffee, Davidson, Dekalb, Dickson, Franklin, Giles, Hickman, Houston, Humphreys, Jackson, Lewis, Lincoln, Lawrence, Macon, Marshall, Maury, Montgomery, Moore, Perry, Pickett, Putnam, Robertson, Rutherford, Smith, Stewart, Sumner, Todd, Trousdale, Van Buren, Warren, Wayne, White, Williamson and Wilson counties.
EAST TENNESEE REGION. Crye-Leike's Northeast Tennessee Region includes sales from its 138 sales associates located in seven branch offices, including Knoxville. Crye-Leike's year-end sales volume in East Tennessee totaled $206.65 million in 2015, up 29.34 percent from $159.77 million through 2014, representing 1,207 in year-end closings.
Crye-Leike's East Tennessee listings and sales are represented in Anderson, Blount, Bristol, Campbell, Carter, Claiborne, Cocke, Cumberland, Fentress, Grainger, Greene, Hamblen, Hancock, Hawkins, Jefferson, Johnson, Knox, Loudon, Morgan, Overton, Roane, Scott, Sevier, Sullivan, Unicoi, Union and Washington counties.
SOUTHEAST TENNESSEE REGION. Crye-Leike's Southeast Tennessee Region includes sales from its 243 sales associates located in six branch offices, including Chattanooga. Crye-Leike's year-end sales volume in Southeast Tennessee totaled $376.23 million in 2015, up 8.80 percent from $345.79 million through 2014, representing 2,224 in year-end closings.
Crye-Leike's Southeast Tennessee listings and sales are represented in Bledsoe, Bradley, Dade, Hamilton, Marion, McMinn, Meigs, Monroe, Polk, Rhea and Sequatchie counties.
WEST TENNESSEE REGION. Crye-Leike's West Tennessee Region includes sales from its 711 sales associates in 12 branch offices, including Memphis. The company reports year-end sales volume in West Tennessee at $1.41 billion in 2015, up 8.6 percent from $1.30 billion through 2014. Year-end closings were 7,114 up 2.19 percent over comparable year-end results in 2014.
Crye-Leike's West Tennessee listings and sales are represented in Alcorn, Benton, Calhoun, Carroll, Chester, Crockett, Decatur, Dyer, Fayette, Gibson, Hardin, Haywood, Hardeman, Henderson, Madison, McNairy, Shelby and Tipton counties.
CRYE*LEIKE FRANCHISES. Crye*Leike Franchises, Inc., the real estate franchisor subsidiary of Crye-Leike, disclosed a year-end sales volume of $447.22 million in 2015, up 2.73 percent from $435.34 million through 2014, representing 3,058 year-end closings. Crye*Leike Franchises has 322 sales associates in 27 independently owned and operated franchise offices.
ABOUT CRYE-LEIKE. Crye-Leike (Crye-Leike.com), a full service real estate company for 39 years, is ranked the nation's sixth largest residential real estate brokerage firm among the nation's top 500 and is the largest real estate company in Tennessee, Arkansas, Mississippi and the Mid-South. Headquartered in Memphis, Tenn., Crye-Leike has a network of over 3,000 sales associates and 115 branch and franchise offices located in a nine-state region.
Crye-Leike's eight regional hub offices are located in Atlanta (Ga. Region), Chattanooga (SE Tenn. Region), Huntsville (Ala. Region), Jackson (Miss. Region), Knoxville (East Tenn. Region), Little Rock (Central, East & NW Arkansas Regions), Memphis (West Tenn. Region) and Nashville (Middle Tenn. Region). Crye-Leike's franchise territories are located in Ark., Fla., Ky., Miss. and Tenn.
Crye-Leike Posts Record Year of $5.7 Billion in Sales (All Regions): Second Highest in Company's 39 Years
March 18, 2016