Arkansas Business on Today’s THV: High Dollar Real Estate – KTHV-TV 11 News, Little Rock, Arkansas, USA

http://www.todaysthv.com/news/business/story.aspx?storyid=86970&catid=119

 

Posted By: Lindsey Clark

 

While Arkansas’ residential real estate market hasn’t been hit as hard as other markets around the country, 2008 was a tricky year for home sales. This week in Arkansas Business, they conducted their annual survey of the state’s upscale real estate market, along side our yearly round-up of the state’s biggest real estate agencies, ranked by 2008 sales.

What did they find?

 

The biggest residential real estate agencies in Arkansas got bigger, even in a year that marked the end of a home sales boom. Crye-Leike realtors pushed its 2008 sales volume in the state to $900 million, up from $837 million, to put it number one on the list. And among the top 10, only Keller Williams Realty of Little Rock, at number seven, joined Crye-Leike in reporting sales gains in 2008. The firm had nearly $141 million in sales, up from 128 in 2007.

 

Amid sales declines, 6 of the 40 largest real estate agencies joined forces through mergers, the biggest being the sale of Coldwell Banker Advantage Realty to Rector Phillips Morse.

 

Also this week, the return of our list of million dollar homes in Pulaski County. In 2008, $21 million plus homes sold, a number that’s been steadily declining since 2004, when 29 were sold. Among those that changed hands last year, a 7,900 square-foot home sitting on 7 acres in west Pulaski County. The buyer was former university of Arkansas basketball star Corliss Williamson and his wife, Joan. The price was $1.2 million.