The combined 2014 dollar volume of the 10 largest residential realty concerns in Arkansas declined by about 1.6 percent compared with 2013.
These companies accounted for nearly $3.8 billion in total sales and listings last year.
Half of the top 25 agencies reported modest gains or better for 2014.
Baxley-Penfield-Moudy Realtors of Bryant made the biggest climb up the list, moving to No. 12 with sales volume of $107.4 million. The ascent was powered by a nearly $18.8 million (21.1 percent) increase in business during 2014. A year ago, the agency ranked No. 18 with 2013 sales volume of $88.6 million.
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Tom Baxley, the firm’s co-owner and managing broker, attributed the good year to a sales surge during the second half of 2014. That momentum, provided primarily by Saline County home sales, has carried into 2015.
“We’re seeing about a 15 percent growth into the first five months of 2015,” Baxley said. “We feel like there’s been a lot of pent-up demand in our market. Job growth continues to be good along with the growth in shopping and service developments.”
Other movers on the list included:
- Keller Williams Market Pro Realty in Fayetteville, No. 9 ($158.3 million) to No. 5 ($302.3 million).
- Trademark Real Estate of Hot Springs, No. 11 ($131.7 million) to No. 10 ($155.6 million).
- Re/Max of Hot Springs Village, No. 14 ($100.4 million) to No. 11 ($122.4 million).
- Pam McDowell Properties of Conway, No. 17 ($90.1 million) to No. 15 ($97.9 million).
- Re/Max Associates of Fayetteville, No. 19 ($86 million) to No. 16 ($93.8 million).
- Bradford & Udouj Realtors of Fort Smith, No. 20 ($81.4 million) to No. 17 ($91.6 million).
No change in ranking was registered among the top four residential agencies in Arkansas, and only one recorded improved sales.
Coldwell Banker RPM of Little Rock reported a one-year gain of $38 million in its sales volume. The 12.4 percent bump pushed the company total to $344 million in 2014.
Numbers submitted for the Arkansas operations of Crye-Leike Realtors (No. 1 at $1.1 billion) indicate the regional firm endured an 11.7 percent ($156 million) drop in sales volume.
At Coldwell Banker Harris McHaney & Faucette of Fayetteville (No. 2 at $502.5 million), the decline was 8.1 percent ($44.6 million).
At Lindsey & Associates of Fayetteville (No. 3 at $415.2 million), sales volume fell by 12.3 percent ($58.3 million).
The list of real estate agencies has been expanded this year to include the 50 top-selling firms, 15 more than were included on last year’s list.
The number of residential agents reporting individual sales volume grew from 364 in 2013 to 380 in 2014. The sales volume threshold for the agents list remained $4 million.
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