Last Updated on January 31, 2023
Real estate leader expands to Asheville/Mountain region, closes 20,120 transactions
Allen Tate Companies ended 2022 with $8.7 billion in closed sales volume, the best year in the history of the 65-year-old company and $1.9 billion more than the previous year’s total of $6.8 billion.
The company expanded its footprint to the Asheville/Mountain region in August, with the acquisition of Beverly-Hanks Realtors – the largest in company history – adding 18 offices and nearly 500 agents. Allen Tate now operates 71 offices with approximately 2,100 agents in seven regions throughout the Carolinas.
The Carolinas’ leading real estate company reported 20,120 closed transaction sides in 2022 and listed 12,618 homes for sale.
With its partner Howard Hanna Real Estate Services, the company is ranked as the #1 independent real estate brokerage in the country, with more than 400 offices across 13 states and 14,000 sales agents and staff.
“After two years of a crazy red-hot marketplace, 2022 brought change, with rising interest rates, escalating inflation and affordability concerns,” said Allen Tate Companies President and CEO Pat Riley.
“As the real estate market shifted, our agents shifted their mindset, their marketing, their processes, and most importantly, the value they brought to their buyers and sellers. We stayed relevant and resourceful,” said Allen Tate Realtors President Gary Scott.
The Allen Tate Family of Companies also reported strong results for 2022:
- Allen Tate Mortgage closed 718 loans totaling $214 million.
- Allen Tate Insurance provided insurance coverage to 17,600 customers, with nearly 33,511 policies in force.
- Allen Tate Relocation generated 7,443 referrals and closed 2,618 referrals through its Relocation connections around the world.
- Master Title Agency produced more than 4,000 title insurance policies, insuring more than $3.5 billion in property value.
- Builder Services partnered with 8 home builders, representing 21 new homes communities in North and South Carolina.
More than 700 Allen Tate Realtors achieved top performance levels during 2022, based on closed sales volume of $2 million to more than $100 million. Allen Tate will celebrate these achievements at 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 2022, Allen Tate opened two new offices: Oak Ridge Hwy. 58 in the Triad region and Apex Center Street in the Triangle region. The company updated and refreshed offices in Raleigh-Falls of Neuse, Burlington, Charlotte-University City, Wesley Chapel and Greenville-Downtown.
“The real estate market will always ebb and flow. What remains constant is the exceptional level of service and commitment we deliver to our clients and the trust they continue to place in the Allen Tate brand,” Riley said.
“We are ready for what the 2023 market will bring. We are prepared to lead our clients through market changes and ensure they reach their real estate goals,” Scott said.
About Allen Tate Companies
Allen Tate Companies is the Carolinas’ leading real estate company, based on closed transaction sides, with 71 offices and more than 2,100 Realtors® in the Charlotte, Triad, Triangle, High Country, Highlands/Cashiers and Asheville/Mountain regions of North Carolina and the Upstate region of South Carolina. Allen Tate provides real estate, mortgage, insurance, and relocation services throughout the entire homeownership life cycle. We are committed to providing and protecting quality of life for the communities we serve. For more information, visit allentate.com.
About Howard Hanna
Howard Hanna Real Estate Servreal ices is the #1 family-owned and operated independent broker in the country. The full-service real estate company has more than 400 real estate, mortgage, insurance, title, and escrow service offices across 13 states, including Allen Tate Realtors in the Carolinas and The F.C. Tucker Company in Indiana, with more than 14,000 sales associates and staff, including many of the industry’s top-producing real estate agents. For more information, visit howardhanna.com