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Fillmore Bucking Trend and Watches Sales Go Up
Wednesday June 25, 2008
Fillmore Real Estate, the city's largest privately-owned and operated residential real estate firm announced a 7.5% increase in sales for May 2008 over May 2007, the third consecutive month of growth for the firm
March sales figures were up over 24%, and Apri112% over last year's numbers. Overall sales for the past three months are up 14.6%
“We’re going against the grain,” said John Reinhardt, President and CEO of Fillmore. “ We are enjoying one of our strongest periods in a market that is much softer than in previous years.”
Last year Brooklyn-based firm purchased 1,400 listing held by the now - bankrupt Foxtons. According to Reinhardt, “The purchase was the equivalent of meeting our two year growth goals in two days.”
Fillmore hired dozen of Foxtons top-producing agents and opened satellite offices throughout the five boroughs, Long Island and Westchester. The company has also entered the development field. Its Mill Harbor and MeadowWood projects in Bergen Beach and East New York, respectively, have been extremely successful. In a partnership with Taconic, 23 Fillmore agents acted as the exclusive sales broker for the 1,152 - unit complex at MeadowWood, the largest condominium development in Brooklyn. The company also had a huge success selling out Seaview Estates in Canarsie.
“Our goal is to be aligned with top builders, and attract the leading local talent to come on board,” said Reinhardt, “and to the end, we’re aggressively recruiting and training agents to understand the nuances between selling units in developments and residential sales.” |
