Kentwood Real Estate Records More than $1.7 Billion in Closed Real Estate Sales Volume for 2012
Denver, CO – January 24, 2013 – (RealEstateRama) — Kentwood Real Estate, Colorado’s Premier Real Estate Company, has announced record sales for 2012 with a total of more than $1.7 billion in closed sales volume for the year, representing 3,272 real estate transactions with an average sales price of $525,219. Kentwood Real Estate is comprised of three offices staffed by a total of approximately 170 real estate brokers. The company’s performance ranks it among the top producing real estate companies in the nation.
Kentwood Real Estate’s total sales volume last year was $1,718,516,376, which was nearly $600 million more in total sales volume than the company posted for 2011. The outstanding performance is even more impressive when considering that the top three real estate companies for volume in metro Denver for 2011, as reported by the Denver Business Journal, operated with between 187 and 820 more agents than Kentwood.
Kentwood’s brokers averaged 19.4 real estate transactions each for 2012, which is three times the national average. The company’s average sales volume for 2012 was four times the national average, firmly placing Kentwood Real Estate among the upper echelon of all real estate companies nationally.
Kentwood’s average sales volume per agent for 2012 was $10,108,920. Over the previous five years, Kentwood Real Estate was ranked among the top three real estate firms in America in total average sales volume per agent, according to Real Trends and the National Association of Realtors (NAR). Kentwood was number one in average agent sales volume in 2009. The latest Real Trends Top 500 brokerage list is scheduled for distribution this April
Real Trends is a leading real estate consulting and communications company based in Denver, and the NAR is the national trade association representing licensed real estate brokers in America.
“We had a remarkable year in 2012 and the performance is a testament to the hard work, knowledge, and experience of our veteran brokers,” said Peter Niederman, Chief Executive Officer of Kentwood Real Estate. “While we represent all price ranges throughout the metro Denver area, we were particularly strong in the luxury segment of the market with a total of 296 sales with an average price of nearly $1.7 million, or almost a half-billion dollars in sales volume.”
The Denver Multiple Listing Service reported that transactions for the general market were up 17.5 percent in 2012, with sales volume up 28.6 percent for the year. Kentwood Real Estate recorded a 38.6 percent increase in transactions for 2012 and a 55.5 percent increase in total sales volume.
Kentwood Real Estate’s market share for 2012 was number one in the metro Denver area at 10.8 percent, with the company’s closest competitor at 6.47 percent, according to the Denver Multiple Listing Service’s report on the core Denver areas (DSE, DTD, DHL, DSW, SSE, DNW, DNE, and SSC). The figures represent all price points in the heart of the metro Denver area, which means Kentwood Real Estate sells more real estate than any other company in the region. These numbers clearly show what can be accomplished during challenging times when a company attracts the best and the brightest in the real estate industry.
In Kentwood Real Estate’s state-of-the-company meeting held January 22nd, Niederman told the company’s management team about leading the Denver area market in 2012. “You could see the sense of pride displayed by everyone at the meeting,” said Niederman. “Our accomplishments are a direct result of our culture, and we are dedicated to protecting our brand and moving forward at an even higher level in the future.”
Kentwood Real Estate is dedicated to its legacy of being “Colorado’s Premier Real Estate Company” through the highest producing, most knowledgeable, caring and experienced sales team in the country, offering the highest quality customer service experience. Kentwood Real Estate is an innovator known for unparalleled marketing strategies and superior Internet technology that places its clients in the best possible position.
Kentwood Real Estate is comprised of The Kentwood Company in the Denver Tech Center, The Kentwood Company at Cherry Creek, and Kentwood City Properties in downtown Denver. For more information, visit Kentwood Real Estate online at www.DenverRealEstate.com
Source: Luxury Real Estate
