Our November Sold Listings
|1547 Kuser Rd – Hamilton||$1,400|
|4 Rolling Meadows Ct – Upper Freehold||$555,000|
|103 Highland Ave – Hamilton||$265,000|
|203 18th Ave – Belmar||$10,064|
|207 Burholme Dr – Hamilton||$280,000|
|248 Tindall Ave – Hamilton||$124,000|
|1509 Silver Ct – Hamilton||$104,500|
|70 Versailles Ct – Hamilton||$185,000|
|29 Petty Ridge Rd – Hamilton||$221,000|
|104 Sweetwater Dr – Cinnaminson||$157,500|
|171 Lowell Ave – Hamilton||$242,000|
|292 Route 539 – Upper Freehold||$560,000|
|324 E Union St – Burlington||$145,000|
|2350 Route 33 Unit 201 – Robbinsville||$180,000|
|2086 Kinter Ave – Hamilton||$145,000|
|6 Lenn Rd – Upper Freehold||$655,000|
|481 Daniels Ave – Hamilton||$253,000|
|42 Pinedale Ct – Hamilton||$2,069|
|36 Hansen Ave – Hamilton||$226,000|
|35 Aspen Ct – Florence||$239,000|
|2263 Spruce St – Ewing||$155,000|
|254 Samdin Blvd – Hamilton||$148,000|
|74 Walnut St – Mt. Holly||$175,000|
|61 Hoover Ave – Hamilton||$219,000|
|340 Delaware Ave – Florence||$135,000|
Smires and Associates Real Estate staff stand outside Dolce and Clemente’s in Robbinsville prior to their April 16, 2015 staff meeting. (Staff photo by Joe Emanski.)
When Smires and Associates opened for business in 2010, there were doubters in the local real estate community: could a new independently owned and operated agency — even one run by experienced pros who knew the territory well — succeed in a crowded market dominated by corporate powerhouses like Re/Max and Berkshire Hathaway?
Five years later, the question is no longer “can Smires succeed?” It’s more like “how far can the company go?” Trend MLS data shows the company sales volume has grown from $35-million in 2010 to $87-million in 2014, an increase of 248 percent. This from unit sales of 357 in 2014, up from 135 in 2010.
The real estate market has been better overall in recent years, after cratering in 2008. But Smires and Associates hung their shingle out at a fairly bleak time for the industry. Ed Smires admits to feeling a little trepidatious when he and co-owner Justin Reed struck out on their own.
It may not be a boom time for residential real estate, but the central New Jersey market has rebounded enough to encourage the start-up of one new residential agency. Robbinsville-based Smires & Associates, founded by Ed Smires, who has been in real estate for 17 years, has more than 120 listings, even though the firm is only four months old. As of this month, 36 agents have joined the company. The company’s geographical target is Hamilton, Robbinsville, Upper Freehold, Bordentown, and Burlington.
Smires began working in real estate when he was 23 years old. “I was in the construction business and was always fascinated with it,” he said. “It went hand-in-hand.”
Smires, whose father was a factory worker and whose mother worked for McGraw Hill, grew up in Hamilton. He now lives in Allentown. He said he decided to begin his own company after his experience working with bigger franchises, including ReMax, Keller Williams, and Century 21.
Smires and Associates opened for business in 2010 in Robbinsville situated at the back of a house on Route 33. The space was cozy and suited the real estate agency’s needs at the time, but in the six years since, Smires and Associates has grown to where it has more than 65 agents doing around $130 million in business.
The original office no longer suited the company’s needs, so Ed Smires and co-owner Justin Reed made the decision to up the ante and move into a new office twice the size in Robbinsville’s Town Center. On Oct. 7, they held a grand opening party outside their new Town Center office that went deep into the night.
“In my eyes we basically went from zero miles per hour to a hundred miles per hour in terms of having a true professional office,” Smires said. “We were better off with six people in the old office rather than the over 70 that people that were working there.”