Market Overview

Mel Foster Co. Celebrates 2012 Sales Growth


All divisions of Mel Foster Co. show significant growth over 2012 and the annual top achiever have been announced.

Quad Cities Iowa/Illinois (PRWEB) February 05, 2013

The year 2012 ended on a high note for Mel Foster Co. The residential real estate division achieved a sales increase of 12.69% from last year and the number of sides increased 9.72%. Insurance division was up 16% in direct written premiums, while Commercial real estate was up 83% from last year. Rob Fick, Chairman, President and CEO of Mel Foster Co. Inc., is quick to point out that the hard work of the sales associates and staff had a significant impact on our sales growth.

Fick congratulated his sales associates and staff on an incredible year during Mel Foster Co.'s annual awards reception Thursday at the Waterfront Convention Center in Bettendorf, Iowa. Mel Foster Co. agents and staff gathered to celebrate their 2012 accomplishments. “Market conditions can only help a company achieve a certain degree of sales growth. What really drove our success in 2012 was the hard work done by our agents and staff. Companywide, our associates place a high value on building and nurturing relationships and giving clients unparalleled service. Loyalty to clients and to company lead to remarkable results,” said Fick.

Fick, along with Marc Engels, President of the Insurance Division and Lynsey Engels, General Manager of the Real Estate Division, presented the 2012 awards. A total of 114 agents were recognized for achieving membership in the company's different sales club levels including Chairman, Executive, President and Honor. Top honors were awarded to:

Diane Franks - Residential Top Illinois Sales
Brad Boeye - Residential Top Iowa Sales
Thad DenHartog - Commercial Top Sales
Leigh Butler - Insurance Top Personal Lines
Mike Smith - Insurance Top Producer
Mike Kessel – Insurance Top Employee Benefits

Mel Foster Co. residential real estate has four offices in the Quad Cities; two in Davenport, one each in Bettendorf, Iowa and Moline, Illinois. There are also offices in Clinton and Eldridge, Iowa and Galesburg, Geneseo, and Kewanee, Illinois. In 2012, Mel Foster Co. welcomed 25 agents and staff into the company.

While external factors including warmer than usual winter temperatures, a slightly improving economy, low interest rates and decreasing unemployment played a role in the company's success. The average sale price of homes continued to show signs of strength in 2012. The average sale price for Mel Foster Co. Residential Real Estate was $146,553, an increase of nearly 3% from last year. Equally good news was the days on the market for Mel Foster markets, residential and condo, saw ten days less from 80 days on the market in 2011 to 70 days on the market (Iowa & Illinois combined) in 2012.

Mel Foster Co.'s Commercial Real Estate boasted an 83% increase from 2011, its highest sales volume since 2005. Ten commercial agents located in the Bettendorf office ended 2012 as the number one commercial real estate company for volume in the CMLS (Commercial Multiple Listing Service).

Mel Foster Insurance, headquartered in Davenport, Iowa, saw continued growth in all areas of expertise including personal, business, employee benefits and group retirement planning. As one of the largest Independent Agencies representing over 25 regional and national carriers, 2013 will continue to focus on bringing added value to the insurance experience.

With all three divisions of Mel Foster Co. Inc. seeing an increase, the total sales volume increased by 19.37% from 2011.

Looking forward to 2013, Mel Foster Co. Inc. will focus on continuing to build relationships within its team as well as outside the company. The market continues heading in the right direction.

About Mel Foster Co.
Mel Foster Co. is a recognized leader for real estate and insurance. Mel Foster Co. Real Estate specializes in residential sales and offers services for a broader spectrum of property transactions including commercial, farm and land, land development and management, relocation and new construction. Founded in 1921, it is one of Iowa's largest independently owned real estate companies. Mel Foster Insurance was founded in 1932 and represents over 25 insurance carriers and offers coverage for residential and commercial clients. Visit for more information.

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