Contact:          Carmella Lyman, Lyman Public Relations    

                        carm@Lymanpr.com or 707-256-3834         

 

 

FOR IMMEDIATE RELEASE

                       

 

Morgan Lane Announces Record Year in 2005, Beating MLS Industry Sales Volume Increases for Napa and Sonoma Counties ; Recognizes Top 10 Realtors

 

 

 

Napa , Calif.   (February XX, 2006)— Morgan Lane, a real estate brokerage company specializing in luxury country, rural, suburban and urban properties in Northern California ’s Wine Country communities, has reported its highest year in sales volume since the company was purchased by Mike and Jill Silvas in 1998. It also announced the company’s top 10 Realtors® for 2005, including top producing Realtor for 2005 Steve Gregory, closely followed by Cyndi Gates.

While the entire real estate industry had another great year in 2005, Morgan Lane ’s sales volume percentage increases exceeded the market’s sales volume increases for both Napa and Sonoma (as indicated by the Multiple Listing Service (MLS)).

Total Napa County sales volume was up 19% in 2005. Comparably, Morgan Lane ’s volume was up 43%. And while Sonoma Country sales volume was up due to appreciation by 9%,    Morgan Lane rose to the occasion with sales volume for Sonoma County up 38%.

 

"To have a good year is one thing, but for our team to beat the market by such wide margins is another,” said Mike Silvas, co-owner of Morgan Lane Real Estate. “We’re extremely proud and honored to be associated with this fine group of individuals who, as indicated by our numbers, know how to serve their clients.”

The brokerage’s top 10 producers for 2005 include:

1. Steve Gregory
2. Cyndi Gates
3. Cathy Holmes
4. Mary Trumble
5. Susie Jinks
6. Jacqueline Wessel
7. Carolina Salmonsen
8. Dotty Hopkins
9. Susan Archer
10. Erin Davis

 

Silvas added thoughts on 2006: “There was a drop in the number of sales in 2005 from 2004 that was masked by the rise in prices which resulted in overall higher sales volume in 2005. I think what we will see in 2006 is a further softening in sales with a slower appreciation rate than in previous years. Even with saying that, compared to historical numbers we’re likely to be celebrating 2006 as one of the top three or four years ever, so we have to remind ourselves to keep everything in perspective"

Morgan Lane is a premier real estate firm in the Napa and Sonoma Wine Country in representing vineyard and estate properties. Today, the Company consists of seven offices in Napa , Yountville, St. Helena , Sonoma , Santa Rosa and the Carmel Valley , with 65 full-time Realtors servicing more than two dozen communities. Morgan Lane ’s slogan - “The Fine Art of Fine Property” - describes its philosophy and the basis on which the company operates with unique marketing and advertising strategies that set the company apart. Personalized services and extensive marketing programs are provided to every client regardless of price and needs. 

Morgan Lane is headquartered in Napa , CA . For more information call 800-511-1030, email info@morganlane.com or visit www.morganlane.com

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