MEMPHIS, TN.- Analyst reports of a slowing real estate market have not deterred sales for the nation's 6th largest real estate company, Crye-Leike, Realtors. Crye-Leike reports $3.01 billion in year-to-date sales, marking halfway through 2006, an increase of 16.3 percent over $2.6 billion this same period last year. These figures represent 17,577 units sold, up 11.7 percent from 15,739, and show Crye-Leike on pace for another record-breaking year.
"We are in home buying markets that are affordable relative to national costs," said Crye-Leike President Dick Leike. "We are able to offer a good selection of homes to suit most needs. Even with the recent increases, we are still enjoying some of the best interest rates. Our economy is still in full swing and folks are looking at and buying homes."
Crye-Leike's disclosed sales figures include new and existing family homes, condos and duplexes as well as commercial properties, and franchise sales. Sales figures also represent the sales volume of both the listing and selling sides of a real estate transaction, which involve a buyer and a seller.
Chief Executive Officer Harold Crye believes that "Crye-Leike continues to succeed because of our 3300+ effective sales force, our diversity of services to meet homebuyers' and home sellers' needs, and our broad base of branch offices throughout the south." Crye-Leike recently expanded operations into Jackson, Mississippi and the Metro Atlanta market, achieving a new milestone for the 29-year-old company - it's 100th office. As well, the company recently announced the acquisition of its own franchise office in Cookeville, Tennessee, to become a corporate branch office.
Crye-Leike continues to grow and expects to open branch offices in the next 90-120 days in the communities of Dickson and Spring Hill, Tennessee. Development plans are also underway for new branch offices in Chattanooga, Tennessee and Northwest Arkansas; and office expansions are expected in such areas as Cleveland, Tennessee and Bryant and Hot Springs, Arkansas.
CRYE-LEIKE, INC. (WEST TENN. & MISSISSIPPI REGIONS - MEMPHIS, TENN.)
Crye-Leike's West Tennessee Region reports year-to-date sales volume of $1.3 billion, up 20 percent from $1.09 billion during the same period last year. Year-to-date closings are 6,676, a 6.4 percent increase over comparable year-to-date results last year.
Crye-Leike's West Tennessee Region includes a sales force of over 1,300 sales associates who are located in 23 branch offices in five counties throughout the regions of West Tennessee, Eastern Arkansas and Mississippi.
CRYE-LEIKE OF NASHVILLE (MIDDLE TENN. REGION)
Crye-Leike's Middle Tennessee region reports year-to-date sales volume totals $780 million, up 14 percent from $687 million in sales over comparable year-to-date results last year. Year-to-date closings are 4,203 as reported through June 2006.
Crye-Leike of Nashville, Inc. has 25 branch offices throughout Middle Tennessee in Davidson, Maury, Montgomery, Putnam, Robertson, Rutherford, Sumner, Williamson and Wilson counties. Sales associates in the Greater Nashville area currently total over 930.
CRYE-LEIKE OF CHATTANOOGA (E. TENN. REGION, INCLUDING N. GEORGIA)
Crye-Leike's East Tennessee Region reports year-to-date sales volume totaling $360 million, up 13.9 percent from $317 million over comparable year-to-date results last year. Year-to-date closings are 2,329 as reported through June 2005.
Crye-Leike of Chattanooga, Inc. has 10 branch offices throughout the East Tennessee Region in Bradley, Hamilton, and McMinn counties, including Catoosa County in North Georgia. Crye-Leike sales associates within its East Tennessee Region currently total over 415.
CRYE-LEIKE OF ARKANSAS, INC. (ARKANSAS REGION: LITTLE ROCK & JONESBORO)
Crye-Leike's Arkansas Region reports year-to-date sales volume of $345 million, up 25 percent from $277 million over comparable year-to-date results last year. Year-to-date closings are 2,603.
Crye-Leike of Arkansas, Inc. has 11 branch offices and three franchise offices with a sales force of over 430 sales associates who market residential, commercial, investment property, farms and acreage sales in nine counties in Arkansas: Craighead, Crittenden, Faulkner, Garland, Independence, Mississippi, Pulaski, Saline and White. Crye-Leike of Arkansas ranks No. 2 statewide among Arkansas' top real estate firms, as ranked by Arkansas Business.
Crye-Leike? (www.crye-leike.com), a full service real estate company for 29 years, is the nation's 6th largest real estate company and the largest in the Mid-South. It has a network of over 3,300 sales associates and 100 corporate and franchise offices located in 53 counties throughout a seven-state southern region in Tennessee, Alabama, Arkansas, Florida, Georgia, Kentucky and Mississippi. In 2005, the Crye-Leike organization attained sales of $5.6 billion with 34,039 closed transaction sides.
Crye-Leike Reports Positive Year-to-Date Growth
July 17, 2006