MEL FOSTER CO. AGENTS RANKED AMERICA’S BEST

Mel Foster Agents Named America's Best
Mel Foster Agents Named America’s Best

Mel Foster Co, is pleased to announce that several of their agents have been named as one of America’s most productive agents as a part of REAL Trends America’s Best Real Estate Agents, the ranking report produced by REAL Trends and sponsored by Zillow Group.

REAL Trends America’s Best Real Estate Agents ranks over 12,000 residential real estate agents solely based on their excellence in real estate sales during calendar year 2015. To be included in the ranking, agents must have closed at least 50 transactions, compared with the industry average of seven, or $20 million in closed sales volume.  This ensures that only the best of the best are included on the prestigious list.

The rankings are complied based on survey from virtually every national branded network, many state and local associations of Realtors®, multiple listing services, all applicant from past years’ rankings, and the 1,600 largest brokerage firms in the United States.  Verification from an independent source is required for all submissions.

The real estate agents are ranked in two categories:

  • Individual agent – Sales volume
  • Individual agent – Transaction sides (in each real estate transaction there are two sides that can be represented by a real estate agent; the buy side and the selling side)

For Individuals by Volume, in Iowa, three Mel Foster Co. agents ranked in the top ten:

  • Brad Boeye, Kimberly Road office, ranked #2
  • Geri Doyle, Davenport I-74 office, ranked #3
  • Lucky Lang, Davenport I-74 office, ranked #7

For Individuals by Sides, in Iowa, eight Mel Foster agents ranked out of 104:

  • Lucky Lang, Davenport I-74 office, ranked #3
  • Brad Boeye, Davenport Kimberly Road office, ranked #10
  • Geri Doyle, Davenport Kimberly Road office, ranked #31
  • Scott Kelling, Davenport I-74 office, ranked #44
  • Mary Leslie Douglas, Clinton office, ranked #63
  • Norm Marcov, Davenport I-74 office, ranked #88,
  • Dan Schneckloth, Davenport I-74 office, ranked #94
  • Rick Schwanz, Davenport I-74 office, ranked #97

For individuals by Sides, in Illinois, four Mel Foster Co. agents ranked out of 276:

  • Diana Franks, Geneseo office, ranked #65
  • Jackie Turner, Galesburg office, ranked #222
  • Debbie Wright, Kewanee office, ranked #235
  • Peggy Tossell, Kewanee office, ranked #250

“With today’s release of the 2016 America’s Best Real Estate Agents list, an elite group of real estate agents across the country are receiving well-deserved recognition. These sales associates are far above average and have built enormously successful small businesses in an extremely competitive field,” said Steve Murray, president of REAL Trends.

“We are thrilled to have our agents be a part of this highly successful real estate group, which shows how hard these agents have worked, their dedication to the industry and their business,” said Lynsey Engels, Mel Foster Co.’s President Real Estate Brokerage.

MEL FOSTER CO. CELEBRATES 2015 RESULTS

MF Logo 90x30Mel Foster Co. held its annual awards reception last night at the Quad Cities Waterfront Convention Center in Bettendorf, Iowa. Rob Fick, President & CEO, Lynsey Engels, President Real Estate Brokerage and Marc Engels, President of Mel Foster Insurance, presented awards to 114 agents who were recognized for achieving membership in the company’s different sales club levels including Chairman, Executive, President and Honor. Top honors were awarded to:

Thad DenHartog – Commercial Top Sales

Diana Franks – Residential Illinois Top Sales

Brad Boeye – Residential Iowa Top Sales

Mike Smith – Insurance Top Producer

The year 2015 in residential real estate was marked by steady growth with increases in both existing home sales and prices. The average 2015 sales price for Mel Foster Co. residential real estate was $161,303, an increase of 5.5 percent from last year. Mel Foster Co. closed transactions per agent was up 6.6 percent from 2014 and overall volume increased by 5.9 percent from 2014. New construction continued to be solid in the Quad Cities market in 2015. Mel Foster Co. residential real estate has a strong presence in the new construction market, offering multiple subdivisions to meet the demands of new construction buyers. Lynsey Engels said, “The local new construction market will continue to see significant gains in 2016, based on the level of new construction starts in 2015 and expected availability of new lots this year. We will open 50-100 lots in Bettendorf and Eldridge in 2016.” Mel Foster Co.’s average new construction sale price remained about the same in 2015 at $387,077.

Several noteworthy achievements were celebrated by the residential division in 2015. Mel Foster Co.’s Geneseo office became the second location to receive a boutique style remodel. The renovated space embraces technology and is configured to meet the changing needs of agents and the clients they serve. The Galesburg office was remodeled in 2014 and was featured as the office of the week in Real Trends, a national real estate publication, in November 2015. The office will undergo an expansion this year to accommodate its recent growth.  To the north, Mel Foster Co. welcomed former Mills Realty as they added a new location in Savanna, Illinois.

The brokers for Mel Foster Commercial Real Estate Services closed 267 transaction sides, averaging $313,192 in sales volume per transaction. Totaling $97 million in commercial sales volume in 2015, four of the brokers finished in the top 15 of the CMLS. Lynsey Engels praised the commercial division saying, “We are thrilled with our continued growth in the commercial market.  2014 and 2015 have been our largest years since 2005.”

Mel Foster Insurance continued to grow it’s footprint in the Quad Cities as a trusted Independent Insurance Agency. Marc Engels commented, “Our value proposition to the region continues to be a hands on customized insurance experience based on each client’s unique needs. Our employees work hard each day to deliver on that promise and our clients reward us with over 95% retention.” In 2015, results remained strong as direct written premium grew 5.1 percent, policy count was up 4.3 percent, and the division added 713 new clients. With a range of product offerings from Personal and Commercial Property/Casualty to Employee benefits, Mel Foster Insurance saw positive contributions from all departments this past year. Marc Engels stated, “Guided by the industry’s Best Practices we will continue to invest in innovative technology to improve the client experience. We realize we still have a lot of opportunity in the Quad Cities and that is exciting.”

As a whole, in 2015, Mel Foster Co. welcomed 29 new agents and staff. Eager to see what success lies ahead for Mel Foster Co., Rob Fick said, “We will continue investing resources into technology, placing emphasis on recruiting and training of new and existing agents, and offering exceptional education programs and tools. Sales of new and existing homes are expected to accelerate in 2016 and our agents are off to a productive start already in the new year.”


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