The Wilmington-based residential real estate firm topped $ 2 billion this week, according to an announcement released on Thursday.
Coldwell Banker Sea Coast Advantage’s closed sales on Aug. 17 marks the third consecutive year that brokerage has surpassed the $ 2 billion mark in a press release.
“This milestone demonstrates our clients’ tremendous trust in us, as well as the level of satisfaction they have with our services,” said Denise Kinney, President of Coldwell Banker Sea Coast Advantage, in a posting. “Achieving this year’s target is particularly impressive, not only because we still have four months of the year, but also because low housing stock, coupled with increased demand, has posed a whole new set of challenges for buyers, sellers and our agents. … “
Some of these challenging market trends have contributed to slowdown in july in home sales in the Wilmington area, according to local agents and Cape Fear Realtors.
But last week, Sea Coast Advantage CEO Tim Milam said he believed the market would rebound again as interest rates stay low.
“I am so proud of the way we have responded to the unique needs of this market,” Milam said in a post on Thursday. “Agents have worked tirelessly for our clients and remain committed to providing the highest level of customer service. And our management team and administrative staff provided training, marketing materials and cutting edge technology platforms to help them achieve their goals. ”
The firm announced last week opening the new Sea Coast office at Boiling Spring Lakes.
Coldwell Banker Sea Coast Advantage owns a stake in Coldwell Banker Advantage, which serves major markets including Raleigh and Triangle, Fayetteville, Southern Pines, Greensboro, Winston-Salem and Triad. The Advantage network includes 56 offices and more than 1,900 agents, it said.
Coldwell Banker Sea Coast Advantage ranked in the Top 1% of Coldwell Banker Firms in 2020, a network of 96,000 agents worldwide, according to the report.