A note from Greg & Paul
Hey Five Star Team,
​
It's that time of year again – the 2023 Year-In-Review stats are live! But first, let's take a moment to reflect on the past year.
​
We want to express our sincere appreciation for how each of you tackled the challenges of 2023. It was a year many would remember for inventory shortages, rising interest rates, and the rollercoaster of dealing with multiple offers – or sometimes, the lack of them. However, we saw something different. We witnessed your dedication to clients, your creative thinking, and your ability to act as advisor, counselor, and encourager. We couldn't be more impressed and are incredibly proud to work alongside such a talented group of professionals.
​
Your efforts have also brought new faces to Five Star. You might not be aware, but over the past four years, we've distributed $500,000 in referral bonuses to our agents as a thank you for introducing us to great people.
​
Our affiliated companies, Star Title and Big Lake Lending, also navigated a challenging market but finished the year strong. Star Title achieved its largest payout to members ever in 2023, and Big Lake Lending turned profitable just a few months after its relaunch. Your support has been instrumental in these successes.
​
As we step into the new year, remember that your hard work and positive attitude are the essence of Five Star. Here's to a year brimming with potential!
Warm regards,
Paul & Greg
A lot happened in 2023...
OVER
3,500
Phone calls to our Broker Support
Coffee Hours
68
Livestreams
54
Agent Team Leaders
&
75
175
Team Members
PLUS:
-
Five Star App Launch
-
23 Office Potlucks
-
6 Agent Happy Hours
-
7 Con Ed Watch Parties
-
3 Family Fun Days
-
Annual Five Star Company Meeting
-
100 Ways to Build Your Business Bootcamp
-
8th Annual Charity Golf Outing
-
2 Team Leaders Summits
-
Vision Boarding Workshop
-
Annual Five Star Christmas Party
7,932
Agents
716
Sides Closed
National Rankings
*Rankings per RealTrends report March 2023
#15
Independent
Brokerage
#57
In Closed
Transactions
2023: 7,932
2022: 8,993
2.2
Sales Volume
BILLION
#122
For Sales
Volume
2023: $2,208,311,209
2022: $2,325,387,553
Company Stats
Based on Transactions Closed
Source: MICHRIC
Top 5 Companies in
MICHRIC
Based on Transactions Closed, 2023
MICHRIC Includes: Battle Creek Area Association, Branch County Association, Grand Rapids Association, Greater Kalamazoo Association, Hillsdale County Board, Mason Oceana Manistee Board, Montcalm County Association, Southwestern Michigan Association, St. Joseph County Association, West Central Association – Michigan, West Michigan Lakeshore Association, Jackson Area Association
#1 In Market Share
Five Star
BHHS Michigan
Coldwell Banker
AJS Schmidt
​
Greenridge
Jaqua
8.01%
4.34%
4.05%
3.92%
3.17%
Source: MICHRIC
Area Includes: Muskegon, Holland, Grand Haven, Whitehall, and Spring Lake.
Top 5 Companies in WMLAR
Transactions Closed
Based on Transactions Closed, 2023
#2 In Sides Closed
Source: Flexmls
Based on Transactions Closed, 2023
Top 5 Companies in WMLAR
Market Share
#2 In Market Share
Coldwell Banker
Five Star
Home Realty
Greenridge
RE/MAX Lakeshore
12.02%
7.22%
6.98%
5.8%
4.65%
Source: Flexmls
WMLAR
Transactions Closed
Source: Flexmls
WMLAR
Volume Closed
Source: Flexmls
Top 5 Companies in GKAR
Transactions Closed
Based on Transactions Closed, 2023
#3 In Sides Closed
Source: Flexmls
Based on Transactions Closed, 2023
Top 5 Companies in GKAR
Market Share
#3 In Market Share
Jaqua
BHHS
Five Star
K.W. Market Center
RE/MAX Advantage
16.13%
13.54%
9.08%
5.23%
3.06%
Source: Flexmls
GKAR
Transactions Closed
Source: Flexmls
GKAR
Volume Closed
Source: Flexmls
Top 5 Companies in GRAR
Transactions Closed
Based on Transactions Closed, 2023
#1 In Sides Closed
Source: Flexmls
Based on Transactions Closed, 2023
Top 5 Companies in GRAR
Market Share
#1 In Market Share
Five Star
Greenridge
K.W. East
RE/MAX of GR
EXP
11.48%
6.05%
5.06%
4.89%
4.68%
Source: Flexmls
GRAR
Transactions Closed
Source: Flexmls
GRAR
Volume Closed
Source: Flexmls
Company Stats
Transactions Closed
Source: Internal Five Star Records
Company Stats
Volume Closed
Source: Internal Five Star Records
Company Stats
Transactions Closed
Source: Internal Five Star Records
Company Stats
Volume Closed
Source: Internal Five Star Records
Area Includes: Alma, Mount Pleasant, and Big Rapids
Company Stats
Transactions Closed
Source: Internal Five Star Records
Company Stats
Volume Closed
Source: Internal Five Star Records
Company Stats
Transactions Closed
Source: Internal Five Star Records
Company Stats
Volume Closed
Source: Internal Five Star Records
Sides Closed
$82,829,492
Sales Volume
Source: Internal Five Star Records
363
Area Includes: Ludington, Hart, Onekama, and Manistee