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Kentwood tops $2 billion in sales



  • Kentwood boasts record sales.
  • Sales already top $2 billion.
  • Average price of a home it sold tops $500,000.
Peter Niederman

Peter Niederman

Kentwood Real Estate’s total sales volume this year already has topped $2 billion, more than a $300 million jump from its previous  record year in 2012.

As of Dec. 2, Kentwood brokers had represented 3,778 real estate transactions. The average sales price was $532,416. Kentwood hit the record with only 185 broker associates. To put that into context, according to the Denver Business Journal, the top three real estate companies in 2012 had between 360 to more than 1,000 agents. Last year, Kentwood had 170 agents, according to the DBJ.

Kentwood’s brokers averaged approximately 20 real estate transactions each for 2013 with a month remaining before year’s end, which is three times the national average. The company’s average sales volume for 2013 was four times the national average, firmly placing Kentwood Real Estate among the upper echelon of all real estate companies nationally.

“We had a truly amazing year in 2013 and the performance is a testament to the hard work, knowledge, and experience of our veteran brokers,” said Peter Niederman, CEO  of Kentwood Real Estate. “Our accomplishments are a direct result of our culture, and we are dedicated to protecting our brand and moving forward at an even higher level in the future.”

The company’s brokers each averaged more than $10 million in sales volume annually 2012, which is ranked it No. 1 nationwide by the National Association of Realtors and REAL Trends.

Kentwood Real Estate is composed of the Kentwood Co. in the Denver Tech Center, the Kentwood Co. at Cherry Creek, and Kentwood City Properties in downtown Denver.

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.