Posts from February 27th, 2014

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Crye-Leike continues to grow market strength in Northwest Arkansas

February 27th, 2014 by Anonymous

It's been six years since Harold Crye, CEO of Crye-Leike Real Estate, expanded the company's footprint into Northwest Arkansas. He said the local business has grown sales each year from $76 million in 2007 to $385 million last year. Crye-Leike had a 35% share of total units sales last year, with 2,659 properties.

Crye said the economy tanked just as the company ramped up in Northwest Arkansas, but in the past few years the momentum has returned.

"Our agents in this region had a 15% increase in volume sales from 2012 to 2013. They blew our $370 million goal out of the water and we predict $400 million in total volume for the region this year. That's about a 5% increase and unless the market really tanks they should reach that goal and more," Crye said at the company's 2014 Kick-off breakfast event held in Rogers on Wednesday (Feb. 19).

LOOK AHEAD

Crye said higher interest rates are inevit...

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Categories: Crye-Leike in the News