Crye-Leike Realtors Breaks $1B Sales Mark in Arkansas

by George Waldon  on Monday, Apr. 22, 2013 12:00 am  

At top, Harold Crye, left, and Dick Leike founded Crye-Leike Realtors in Memphis in 1977. The regional firm entered the Arkansas market in February 1997 and has grown to become the largest residential realty firm in the state. Marcella Hagan, left inset, joined forces with George Faucette, right inset, at Coldwell Banker Harris McHaney & Faucette.

After 15 years in the Arkansas market, Crye-Leike Realtors pushed deeper into uncharted territory and crossed into the land of 10-digit sales volume.

The company’s 572 agents around the state amassed a combined residential sales volume of $1.04 billion during 2012. 

Crye-Leike’s residential operations in Arkansas accounted for 22 percent of the company’s $4.5 billion in sales during 2012.

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The largest independently owned real estate firm in the South began its inexorable march across Arkansas when it crossed the Mississippi River in February 1997.

The opening of the West Memphis office marked the firm’s entry in the Arkansas market. That was followed by Crye-Leike’s purchase of White Realty, which opened the door to the Jonesboro market.

The company began business in Little Rock in 2002 after earlier unsuccessful efforts to enter the market through acquisition.

That startup effort with 10 agents provided the seed that grew into the largest residential realty concern in central Arkansas.

Crye-Leike generated a market-leading sales volume of nearly $587 million last year.

The company entered the northwest Arkansas market in 2006. In the Benton-Washington County market, Crye-Leike held the third-largest market share among residential firms.

Two Fayetteville firms hold the top two spots in northwest Arkansas.

Coldwell Banker Harris McHaney & Faucette ranked No. 1 with total sales volume of nearly $423.9 million. Lindsey & Associates Inc. tallied residential sales of $358.9 million.

 

 

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