Crye-Leike Ranks No. 4 in Ark. & Predicts No. 1 by Year-End
Little Rock, Ark. – Tennessee-based Crye-Leike, Realtors was ranked among Arkansas’ top 10 residential real estate firms as reported by Arkansas Business magazine.
Crye-Leike’s Arkansas operations, based out of Little Rock, generated sales of more than $260 million during 2003. That performance moved it to No. 4 statewide said the magazine, up from No. 11 based on sales of $11 million the previous year.
Crye-Leike (www.crye-leike.com), a full service real estate company for 27 years, established Little Rock, Ark. as its fourth regional hub office in May 2002, joining Crye-Leike’s other regional hub offices in Memphis, Nashville and Chattanooga, Tenn. Crye-Leike is the nation’s 10th largest real estate company and the largest serving Tennessee and the Mid-South.
Local analysts forecast Crye-Leike, Realtors to move up to No. 1 in Arkansas by year-end.
Before the office was even furnished and only one agent recruited, the firm’s chief executive officer Harold E. Crye predicted that his firm would become the largest residential real estate company in central Arkansas within three years.
Now, with nine branch offices and over 250 agents in the central Arkansas area, Crye-Leike generated $284.74 million in sales volume through October of this year. When including two additional corporate offices in West Memphis and Jonesboro, Ark., along with two franchise offices in Batesville and Blytheville, Ark., Crye-Leike, then, has generated a total sales volume in Arkansas of $373.92 million through October 2004.
At this record place, CEO Harold Crye foresees to reach his goal almost a year early.
The Arkansas Democrat Gazette did a preliminary analysis over the first seven months of 2004 of the top residential real estate firms in a four-county area of central Arkansas – Garland, Faulkner, Pulaski and Saline counties. The city newspaper ranked Crye-Leike the largest at $194 million in sales volume, $78 million more than any other real estate firm in the four counties.
It is a pattern Crye-Leike, the nation’s 10th largest real estate firm, has repeated in other market regions.
Crye-Leike (pronounced cry-like), founded in Memphis, Tenn. In 1977, became the largest firm there in three years. It became No. 1 in Nashville, Tenn. in one year, and No. 1 in Chattanooga, Tenn. in four years.
Crye-Leike company wide has grown to 80 branch offices, including 21 franchise offices in Arkansas, Tennessee, Mississippi, Georgia, Kentucky and Florida. Its sales force of more than 2,850 sales associates generated a total of $3.7 billion in sales volume in 2003.
Crye-Leike’s Arkansas Region. has 10 branch offices and two franchise offices with a sales force of over 250 sales associates who market residential, commercial, investment property, farms and acreage sales in and around the counties of Craighead, Crittenden, Faulkner, Garland, Independence, Mississippi, Pulaski and Saline counties.