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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
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Coffee Hours

68

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Livestreams

54

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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

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OVERALL
Company Stats

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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
Overall Company
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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

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#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

Lakeshore Area
Company Stats

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Lakeshore

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 

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Source: Flexmls

Based on Transactions Closed, 2023

Top 5 Companies in WMLAR
Market Share

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#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

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Source: Flexmls

WMLAR
Volume Closed

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Source: Flexmls

Greater Kalamazoo
Company Stats

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Kalamazoo Stats

Top 5 Companies in GKAR
Transactions Closed

Based on Transactions Closed, 2023

#3 In Sides Closed 

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Source: Flexmls

Based on Transactions Closed, 2023

Top 5 Companies in GKAR
Market Share

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#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

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Source: Flexmls

GKAR
Volume Closed

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Source: Flexmls

Grand Rapids Stats

Greater Grand Rapids
Company Stats

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Top 5 Companies in GRAR
Transactions Closed

Based on Transactions Closed, 2023

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#1 In Sides Closed 

Source: Flexmls

Based on Transactions Closed, 2023

Top 5 Companies in GRAR
Market Share

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#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

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Source: Flexmls

GRAR
Volume Closed

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Source: Flexmls

Company Stats

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Battle Creek Area

Battle Creek Stats

Company Stats
Transactions Closed

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Source: Internal Five Star Records

Company Stats
Volume Closed

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Source: Internal Five Star Records

Company Stats

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Cadillac Area

Cadillac Stats

Company Stats
Transactions Closed

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Source: Internal Five Star Records

Company Stats
Volume Closed

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Source: Internal Five Star Records

Central Michigan

Company Stats

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Central Michigan Stats

Area Includes: Alma, Mount Pleasant, and Big Rapids

Company Stats
Transactions Closed

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Source: Internal Five Star Records

Company Stats
Volume Closed

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Source: Internal Five Star Records

Detroit Area

Company Stats

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Sides Closed

$23,142,317

Sales Volume

Source: Internal Five Star Records

65

Detroit

Jackson Area

Company Stats

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Jackson Stats

Company Stats
Transactions Closed

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Source: Internal Five Star Records

Company Stats
Volume Closed

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Source: Internal Five Star Records

Lansing Area

Company Stats

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Lansing
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Sides Closed

$82,829,492

Sales Volume

Source: Internal Five Star Records

363

Ludington Stats

Ludington Area

Company Stats

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Area Includes: Ludington, Hart, Onekama, and Manistee

Company Stats
Transactions Closed

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Source: Internal Five Star Records

Company Stats
Volume Closed

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Source: Internal Five Star Records

Greater Traverse City

Company Stats

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Traverse City Stats

Company Stats
Transactions Closed

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Source: Internal Five Star Records

Company Stats
Volume Closed

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Source: Internal Five Star Records

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