Crye-Leike Real Estate Celebrates Top-Three National Ranking
Crye-Leike Real Estate Services is now ranked as the nation's third largest independently-owned real estate firm, according to the 2018 REAL Trends 500 annual ranking report. Crye-Leike ranked third on their list of Largest Independents with 28,699 closed transactions corporate wide reported in 2017 beating last year's ranking of fifth largest real estate brokerage.
Established in 1977 in Memphis, Tennessee by Co-Founders Harold Crye and Dick Leike, the company expanded into Nashville by the early 90s, and continued their expansion to develop into what is now the nation's third-largest independently-owned real estate firm and the largest serving Tennessee, Arkansas, Mississippi and the Mid-South.
The company has more than 3,200 sales associates and 128 company-owned and franchise offices in a nine state region (Tennessee, Arkansas, Alabama, Florida, Georgia, Kentucky, Mississippi, Missouri, and Oklahoma) 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."
Crye-Leike recently celebrated another milestone in the company's history, the company sold $6.5 billion in Real Estate to make 2017 their highest sales performance in the company's over 40 year history.
"We anticipated there would be some challenges in real estate for 2017, inventory shortages were an issue and we saw an increase in the number of years people live in their homes before moving," said Crye-Leike CEO and Co-Founder, Harold Crye. "Despite those challenges, our sales associates were able to excel and make it our best year to date."
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, with $6.5B in sales. Units were a challenge. We just don't have enough inventory and in most of our regions, we do not have volume builders, so the units were essentially flat," said Brown. "We’re encouraged that the U.S. tax overhaul will help boost jobs and therefore sales in 2018 and even in to 2019. We are focused on customer service, training, retention, and prospecting. If we do a good job in those areas, the sales will follow."
Crye-Leike has credited much of their success to the services and resources provided for all of their sales associates to help meet their client's real estate needs. A full service real estate company, Crye-Leike offers a one stop shopping environment by providing financial services with mortgage lending, title closing, insurance, home services, property management, and national relocation services.
Additionally, their website Crye-Leike.com is one of the most heavily visited and professionally managed real estate website in the United States, updating their home listings ever 12 minutes. "The convenience, efficiency, and dependability we provide for consumers will be the driving force to keep our company on track for our 2018 goal," said CEO, Harold Crye.
ABOUT CRYE-LEIKE: Crye-Leike Real Estate Services (www.crye-leike.com), a full service real estate company for over 40 years, is ranked as the third largest independently-owned real estate firm in the nation and the largest serving Tennessee, Arkansas, Mississippi and the Mid-South. Crye-Leike has more than 3,200 sales associates, 800 employees and 128 company-owned and franchise offices spread across nine states. It generated $6.5 billion in sales volume and 32,583 closed transaction sides corporate wide (including franchises) in 2017 – it's biggest year ever – and is on track to achieve the company's goal of $6.8 billion in sales volume this year.