2023 was a challenging year for residential real estate, as interest rates rose, home prices remained above average and inventory stayed historically low.
What we learned from 2023 was the importance of partnerships - with our agents and employees, our Family of Companies, our partner Howard Hanna Real Estate, our network Leading Real Estate Companies of the World, and with independent brokerages companies who chose to partner with the Allen Tate brand.
These relationships are essential to outperform the market, build and strengthen our company for the future, and deliver the best services and value to each and every client.
in the Carolinas among real estate companies**
in the nation among independently owned, non-franchised brokers*
in the nation among the top 500 largest real estate companies*
*2023 Real Trends 500, The 500 Largest Brokers in the U.X (Ranked by closed transaction sides for 2022)
**Ranked by closed sales volume for 2022
We closed 16,665 transaction sides totaling $7.5 billion in closed sales volume.
We listed 9,142 homes for sale.
We partnered with independent local companies to open partner offices in Belmont, West Jefferson, and Troutman.
We opened new offices in Durham and Cashiers, and moved to new locations in Greensboro and Saluda.
We're ranked #1 in the Carolinas. Together, with our partner Howard Hanna Real Estate, we rank #1 in the country among independent, non-franchised real estate companies.
We recruited 194 new and 144 experienced agents to our 70+ offices in NC and SC. Our agents now total more than 1,800.
We answered 9,710 calls and 421 chats about inquiries about real estate and homeownership at Allen Tate Client Relations.
We helped 894 customers qualify for and obtain mortgages totaling more than $284.4 million through Howard Hanna Mortgage.
We made sure 17,462 clients had the right insurance coverage - with 32,918 policies in place with Allen Tate Insurance.
We produced more than 3,500 title insurance policies insuring more than $3.5 billion in property value through Master Title Agency.
Our title partner in the Asheville/Mountain Region, Cardinal Title, wrote more than 4,000 title insurance policies insuring $2.2 billion in property value in 2023.
Allen Tate Relocation generated 7,947 referrals and closed 2,664 referrals for Allen Tate and Allen Tate/Beverly-Hanks agents through our Leading Real Estate Companies of the World connections.
We strengthened our relationships with 8 home builders, with BSI Builder Services representing 22 new homes communities throughout NC and SC.
Our clients purchased 641 home warranties. Our trusted partner, 2-10 Home Buyers Warranty, took care of our clients by paying 1,221 warranty claims totaling $312,697.
We began new sports partnerships with Carolina Athletics and Clemson Athletics and continued our partnerships with the NFL Carolina Panthers and App State Athletics.
We contributed $141,500 to public education organizations in our local communities through Tate Cares. This brings our Tate Cares total of giving to $5.92 million over the past 26 years.
Looking to buy, sell, or just have a question? I'm always available to help and would love to work with you. Call me today to schedule a private showing!