Gump & Ayers Real Estate Inc., marking its 30th year of doing business in Utah, reported total 1988 sales for its six offices of $180.06 million, up 9.7 percent from $173.97 million volume the previous year.
Speaking to associates at the firm's annual meeting at Little America Hotel, Gump & Ayers President Jerry Floor said the 1988 performance represented 23.1 percent of the gross sales volume of the combined Salt Lake, Ogden and Park City Boards of Realtors.During the year, Gump & Ayers acquired three real estate firms: Dan Lawler-Century 21, Chuck Anderson-Realty World Abide, Max Thompson-Network Homes and Land.
"In looking back at 1988, it is most gratifying that we are seeing a resurgent real estate market in Utah," said Floor. "As always, we are extremely proud of the (role) our agents across the state have created in Utah's economic rebound."
Maire Rosol, an associate in the firm's Park City office, was named salesperson of the year. Floor said Rosol has qualified for the Million Dollar Club three times in her eight years with Gump & Ayers and is a candidate for 1988 Realtor of the Year for the Park City board.
Also named salespersons of the year for their respective offices were Debra Sjoblom, Salt Lake; Marshall Benowitz, Commercial; and Jim Molgard, Ogden.
Floor said combined Gump & Ayers office transactions in 1988 totaled 1,815, up from 1,717 in 1987 and an 18 percent share of the three boards' transactions for the year. The Salt Lake office completed 1,035 for a 14.9 percent share of the Salt Lake Board's transactions.
The firm's Park City office reported $49.05 million in gross sales during 1988, up 8.2 percent from 1987's $45.02 million. Floor said the Park City office participated in 42 percent of the Park City Board's total volume.
Gump & Ayers' Ogden office reported gross volume of $21.08 million last year for a 15.9 percent share of the Ogden Board's volume. The Ogden office tallied 232 transactions for a 14.1 percent share of total board transactions.