The Peard Group broke the $1 billion sales barrier for the first time when for the 10 months ending April 2010 it sold properties valued at $1.036 billion.
According to Stuart Cox, Managing Director of The Peard Group, the company has never before achieved sales in excess of $1 billion in a single financial year.
"To achieve this in just a 10 month period with just 9 offices is an outstanding achievement for everyone employed at the Peard Real Estate Group.
"During the first ten months of this financial year, the company listed 2,212 properties of which 1,907 have been sold. This represents a listing to selling ratio of 86% which is exceptionally high for the local real estate industry.
"The average price of a home sold by The Peard Real Estate Group is now $588,584.
"All of our offices are performing strongly and it is pleasing to note that four of The Peard offices were ranked in the top 10 REIWA offices during April 2010 by value of listings sold.
"The success of The Peard Real Estate Group has been based on establishing strategically located offices and then recruiting, providing the best training and retaining quality staff.
"At the same time our company has invested significant amounts of money in corporate advertising as well as Internet technology.
"Overall, The Peard Real Estate Group is looking forward to the coming financial year and is setting a target of achieving total sales in excess of 3000 sales for a total of $1.5 billion for 2010/2011," he said.