Wednesday, February 11, 2004

Gramm reports record-breaking year

Gramm & Associates has announced a 29-percent increase in new home sales in the Atlanta firm for fiscal year 2003 compared to fiscal year 2002.

In 2003, the company closed a total of 810 homes with $120 million in sales compared to 630 homes and $87.6 million in sales for 2002. New Home sales experienced the largest growth with 21 percent and 621 new homes sold in 2003.

Rhonda Gramm Gailey, vice president and broker of Gramm & Associates, cites the firm’s expansion and commitment to their customers and clients combined with the metro Atlanta area growth as underlying factors in the continuing real estate boom and the company’s sustained growth.

“Gramm & Associates’ record year performance is a reflection of our growing capability and expertise in residential real estate marketing and sales,” said Gailey.  “We are meeting demand in one of the highest volume markets,Atlanta.  Atlanta-area real estate was more sought after than ever, with homes selling faster as more and more people move to the area.”

The Atlanta Journal-Constitution cited in a May 21, 2003 article that 502 people move in daily to the metro Atlanta area. Atlanta’s employment market is young, affluent and diverse. And, for the fourth year in a row, Atlanta has outpaced the nation in job creation creating a robust demand for new homes.

As to the future, Gailey expects 2004 to be another exceptional year. “Although real estate has historically been an unpredictable industry, I don’t expect market demand to suffer in the coming year. I believe our proven expertise, commitment to quality and service, and our expansion into new areas will prove to generate another record breaking year in the company’s history.”


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