- 2013 was a record year for Kentwood City Properties.
- 8 Realtors and 3 teams topped more than $20 million.
- Company is one of three Kentwood offices.
A milestone for a novice real estate broker might be to hit $1 million in home sales in a year, while a seasoned broker would be rightfully thrilled to sell ten times that amount that in a year.
Kentwood City Properties has taken sales volume to a new level.
In 2013, eight of its brokers and three of its teams, each topped $20 million in sales volume.
Tallies ranged from more than $21 million to almost $36 million.
To put that into context, Inman News reported the average Realtor in the Denver-Broomfield metropolitan statistical area sold an average of $914,207 in homes from June 2010 to May 2011, ranking Denver as the third best city for brokerage sales.
Only Seattle and Fort Worth-Arlington, Texas, at an average dollar volume per broker of $1.54 million and $1.17 million, respectively, topped Denver. (Inman has not updated its report.)
“Kentwood City Properties is proud to have so many brokers and teams surpass the $20 million milestone for 2013,” said Dee Chirafisi, a co-owner of the office, who also not only is a broker-associate, but made the list of those who topped $20 million last year.
However, she saves her praise for the other brokers in the office.
“This level of production places these real estate professionals among the upper echelon of all Realtors nationally,” Chirafisi said. “They are truly an elite group of brokers.”
Individual brokers who posted more than $20 million in sales volume last year, alphabetically, include:
- Peter Blank.
- Dee Chirafisi.
- Heather Ehret-Faircloth.
- Ann Lenane.
- Carmelo Paglialunga.
- Jim Rhye.
- Liz Richards.
- Deviree Vallejo.
Real estate teams who sold $20 million or more last year include
- The Rivera Team composed of Melody Rivera, Mike Rivera, Sara Glaze, Dianne Goldsmith, and Kerri Duffy;
- The Garrett/McNeill Team of Kevin Garrett and Matt McNeill;
- And the Henderson Team of Barbara Henderson, Mark Williams, and Kelly Williams.
The total sales volume for the eight brokers and three teams surpassed $308 million representing 590 real estate transactions in 2013.
The total sales volume for Kentwood City Properties last year was $667 million, which is $140 million more and about 27 percent higher than the previous record of $527 million posted by the office in 2012.
Kentwood City Properties will celebrate its 15 anniversary this May.
“The remarkable sales volume achieved by Kentwood City brokers is a testament to the culture of our office,” Chirafisi said
“Our entire group of brokers works hard to share sales techniques, market knowledge, and information on unique properties so that we compete well as a group rather than competing against one another,” she continued. “It’s a culture that is very supportive for everyone in the office.”
Indeed, more than half the brokers in the office sold more than $10 million during 2013, which lead to an average sales volume of more than $12 million for the year.
This may be another banner year for Kentwood City Properties, with the Denver Union Station renovation opening this summer directly across the street from its office at 17th and Wynkoop streets.
Kentwood City Properties, formed in 1999, is the newest member of Kentwood Real Estate, which also includes offices in the Denver Tech Center and Cherry Creek.
Kentwood City Properties has a total of 52 brokers.
Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by Universal Lending, Land Title Guarantee and 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.