Allen Tate Companies Celebrates Best Year in Company History
Real estate leader closed $6.15 billion in sales volume in 2020
Allen Tate Companies ended 2020 with $6.15 billion in closed sales volume, the highest in the history of the 64-year-old company and $400 million more than the previous year.
The Carolinas’ leading real estate company reported 19,949 closed transaction sides in 2020 and listed 9,589 homes for sale.
“In the face of a global pandemic, we pivoted. We had clients who needed to buy and sell homes, and we continued to help them, safely. As people spent more time at home – as their workplace, their schoolhouse and their social space – they realized they wanted something different. Home became more important than ever,” said Allen Tate Companies President and CEO Pat Riley.
Inventory continued to be a challenge, said Riley, which resulted in home price appreciation in most areas.
The Allen Tate Family of Companies also reported strong results for 2020:
Allen Tate Mortgage closed 1,921 loans totaling $484.3 million.
Allen Tate Insurance provided insurance coverage to 18,583 customers, with nearly 36,500 policies in force.
Allen Tate Relocation generated 6,607 referrals through its Relocation connections around the world.
Master Title Agency wrote 7,379 title commitments, totaling more than $2.5 billion in property value.
More than 700 Allen Tate Realtors achieved top performance levels during 2020, based on closed sales volume of $2 million to more than $100 million. Allen Tate will celebrate these achievements at virtual awards presentations in February and March.
Realtors are recognized each year by Allen Tate for their achievements in categories including company-wide closed sales volume, closed units, listing volume, listing units, and referrals, and for legendary service provided. Realtors are also recognized for their achievements within their region and at the branch level, including top individual agent, top team and rookie of the year.
In 2020, Allen Tate expanded its reach in the Triad, adding a new Kernersville office in January, and its footprint in the High Country, opening a second office in downtown Boone in September. The company also completed renovations to the Charlotte-SouthPark, Lake Norman, and Winston-Salem Vest Mill Road offices.
In 2018, Allen Tate joined forces with Howard Hanna Real Estate, the #1 family-owned independent real estate broker in the United States and the largest home seller in Pennsylvania, Ohio, and New York. The partnership created the #1 privately owned real estate company in the nation, with more than 12,000 agents and employees in more than 350 offices in 11 states, including 45 Allen Tate offices across its five-region footprint in North and South Carolina.
“Last year, we doubled-down in every way possible to help buyers, sellers, homeowners – and each other. Through it all, we never lost sight of what made us the #1 real estate company in the Carolinas and one of the top firms in the country – our people, our processes, our perseverance and our passion,” said Riley.
“When so much was uncertain, our clients trusted us to help them with their most important financial decision. We will do everything possible to continue to earn that trust in 2021 and beyond.”