Top Residential Firms in Arkansas Enjoy Home Sales Rebound

2015 was a good year for buying and selling houses in Arkansas as reflected by growth among the 10 largest residential realty firms.

The combined dollar volume of the companies increased 8.4 percent to more than $4.1 billion. That number hovered around $3.8 billion in 2013 and 2014.

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The improved production especially stood out among players in northwest Arkansas, where sales gains were the norm.

A strong market helped propel Keller Williams Market Pro Realty of Fayetteville to No. 3 ($472.4 million) in 2015 up from No. 5 ($302.3 million) in 2014.

That’s a whopping $170 million jump, a one-year leap of 56 percent.

Re/Max Real Estate Results of Bentonville stirred the Top 10 mix as well. The firm enjoyed a 45 percent bounce that took it from No. 8 ($208 million) in 2014 to No. 6 ($302 million).

“Benton County is exploding,” said Kim Minor, principle broker and owner of Re/Max Real Estate Results. “For a long time, Washington County carried the market. Now, it’s Benton County’s time to shine.

“People are coming here for three-year stints to work with Wal-Mart, and they aren’t leaving. They fall in love with northwest Arkansas.”

Eleven firms on this year’s list have offices in the Benton-Washington County market. All recorded better sales during 2015.

One of the biggest movers on the list was Michele Phillips & Co. Realtors of Sherwood. The firm rose from No. 41 ($37 million) to No. 32 ($55 million).

Other companies that climbed up the 2015 roster included:

• iRealty Arkansas of Little Rock, No. 34 ($44 million) to No. 26 ($69 million).
• McKimmey Associates Realtors of North Little Rock, No. 18 ($86 million) to No. 13 ($115 million).
• The Charlotte John Co. of Little Rock, No. 20 ($70.1 million) to No. 15 ($110 million).
• River Valley Realty of Russellville, No. 29 ($53.7 million) to No. 24 ($72.6 million).
• Re/Max Unlimited of Harrison, No. 32 ($50 million) to No. 28 ($64 million).
• Hot Springs 1st Choice Realty, No. 23 ($67 million) to No. 20 ($79 million).
• Coldwell Banker Heritage Homes of West Memphis, No. 37 ($40 million) to No. 34 ($52 million).

Of the 40 top residential real estate agencies listed, 32 tallied increased sales. The declines among the other companies were minor across the board.

The head count of top residential agents expanded to 405, and the list threshold for 2015 dollar volume was raised to $4.1 million.