Berkshire Hathaway HomeServices PenFed Realty on Growth Trajectory Mid-Year Report 40.2% Unit Growth & 39.7% Volume Growth

2015 Year to Date vs. 2014 – Exceeding Industry Growth 

RESTON, Va., Sept. 16, 2015¾  Berkshire Hathaway HomeServices PenFed Realty Mid-Atlantic has established a strong growth pattern for 2015 with 40.2% growth in homes sold, 39.7% in sales volume growth and 16% in new agent growth since it joined the Berkshire Hathaway Home Services network in December of 2014. In the greater D.C. and Baltimore markets the firm has grown by 175 real estate agents in the past 12 months.

According to Kevin Wiles, president of PenFed Realty Mid-Atlantic, the gains are due to increased opportunities to serve the Maryland, Virginia and Washington D. C. markets more effectively through its alignment with the Berkshire Hathaway Home Services name. “Our well respected brand reflects the company core values of trust, integrity, stability and longevity. These values are very important to all of our agents, because they know we are here for the long-term,” Wiles explained.          

“The combination of the Berkshire Hathaway HomeServices brand and PenFed Realty, which is backed by the venerable PenFed Credit Union (PenFed), creates a compelling value proposition for those selling and buying homes,” added Wiles.

Along with being a wholly owned subsidiary of PenFed, a financial institution with $18 billion in assets, and having strong brand awareness, Wiles points to game changing innovative marketing solutions for its tremendous growth. “We have a Real Estate Rewards program that offers our home buyers up to $10,000 in closing cost savings. Our clients love this truly unique program,”he said.

“Moving forward we will constantly innovate, improve and invest across all areas of the company to help our agents succeed and attract new clients.”

*Graph based on January through July sales using multiple listing system data from the following sources:  Metropolitan Regional Information Systems, Central Virginia Regional MLS, Trend MLS, Sussex County MLS and Flex MLS.

About Berkshire Hathaway HomeServices PenFed Realty

Berkshire Hathaway HomeServices PenFed Realty is a full-service real estate company with annual sales volume of $2.8 billion with 1,700 sales agents and 50+ offices providing complete real estate services nationwide. PenFed Realty is a wholly owned subsidiary of PenFed Credit Union (PenFed). PenFed is a financial institution with $18 billion in assets and more than 1.3 million members. PenFed Realty is also a member of the Berkshire Hathaway HomeServices brokerage network, operated by HSF Affiliates LLC. Visit Equal Opportunity Employer: m/f/v/d.