Crye-Leike Celebrates Record-Breaking Year (as reported by the Citizen Tribune)
As reported by the Citizen Tribune: Access article here
Crye-Leike Real Estate Services, the nation’s fifth largest privately-held residential real estate firm and the largest in the mid-South, celebrated another record breaking year for 2017.
The company sold $6.5 billion in real estate and closed 32,583 transactions corporate-wide, its highest sales performance in over 40 years of operation. Included in those numbers, Crye-Leike’s East Tennessee region, which celebrated its own record-breaking year with $301 million in sold real estate, compared to $269 million in 2016.
"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 Harold Crye, Crye-Leike chief executive officer and co-founder. "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 franchised offices in a nine state region 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, the two founders 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," Leike said. "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," he said. "We’re encouraged that the U.S. tax overhaul will help boost jobs and therefore, sales in 2018 and even into 2019. We are focused on growth in sales and agents."