By Larry Hotz, All Denver Real Estate
The Kentwood Company once again led the market in luxury home sales in 2007 in Cherry Hills Village, Greenwood Village and throughout southeast Denver and the south suburbs. These statistics were released by John Fitzpatrick, Managing Broker of the Denver Tech Center office. The figures are based on sales of the entire firm for homes priced above $1 million.
KENTWOOD COMPANY MARKET SHARE
SOURCE: 2007 Metrolist Residential and Condo Closed sales by Listing Company – South Suburban East including Cherry Hills Village, Greenwood Village, Centennial, South Suburban Central, Douglas Highlands Ranch, Denver Southeast, Denver Northeast, Douglas County West, Douglas Elbert/Parker, Downtown Denver. Does not include: Boulder, Broomfield, Evergreen, Erie, Golden, Jefferson County, or New Home on-site marketing.
“We believe in quality over quantity. Long before we were the market leader in this price category, we had the best brokers in town offering exceptional service”, Fitzpatrick noted. “We have grown slowly over the years without sacrificing our standards.”
The firm employs over 150 brokers in three offices including the DTC office, Cherry Creek and Lower Downtown. The average sales per agent once again was more than $12 million. That is almost 50% more than the next highest Denver real estate firm.
This year the figures included the sales of homes listed by the firm as well as the market share of buyer representation for luxury home sales. The Kentwood Company represents as many buyers as listings in this luxury home price category.
BUYER SIDE REPRESENTATION
$1,000,000 AND ABOVE
% OF MARKET SHARE
The Kentwood Companies – 3 Offices
Fuller Towne and Country (4 Offices)
Coldwell Banker (13 offices)
Prestige Realty Group (6 Offices)
Re/Max Alliance (15 Offices)
Perry and Company (2 Offices)
Re/Max Cherry Creek
SOURCE: 2007 Metrolist Residential sales by Selling Company – South Suburban East, South Suburban Central, Douglas Highlands Ranch, Denver Southeast, Denver Northeast, Douglas County West, Douglas Elbert/Parker, Downtown Denver. Does not include: Boulder, Broomfield, Evergreen, Erie, Golden, Jefferson County, or New Home on-site marketing
The company was founded in 1981 as a boutique firm serving primarily Cherry Hills and Greenwoood Village as well as other exclusive neighborhoods. It now grown to three offices but still enjoys the leading market share in these and other luxury home neighborhoods. It is one of the largest firms in Denver based on sales volume and takes pride in its local ownership.
The Kentwood Company is affiliated with Leading Real Estate Companies of the World and LuxuryRealEstate.com. It operates it’s own relocation department assisting companies with relocating employee into and from the Denver area.