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Real Estate - Residential

Coldwell Banker Sea Coast Advantage Tops $1 Billion In Closed Sales

By Cece Nunn, posted Nov 10, 2017

A major Wilmington-based residential real estate firm has reached another high in home sales this year.

Coldwell Banker Sea Coast Advantage, one of the largest real estate companies in New Hanover, Brunswick, Pender and Onslow counties, has achieved more than $1 billion in closed sales year-to-date in 2017, according to a recent news release.

As of Nov. 1, the firm's 2017 closed volume was $1.379 billion and the number of closed sales to date was nearly 6,000, the release said. It's the sixth time in the company’s history that it has reached $1 billion in annual sales. The milestone was also achieved in 2005, 2006, 2014, 2015 and last year.

“This is the fourth year in a row that our team has reach this $1 billion-in-sales milestone,” said Tim Milam, president of Coldwell Banker Sea Coast Advantage, in the announcement. “But this year, we hit our goal much earlier than in 2016 and we’re on track to set a news sales record by year-end. It’s also the 18th consecutive year that we’ve held the No. 1 position in the Cape Fear market in terms of closed sales. This achievement is 100 percent due to the hard work and professionalism of our 475-plus talented agents. Our agents provide buyers and sellers with superior customer service, and we are very proud that our team has achieved this important sales milestone year after year.”

The company had  $1.4 billion in closed sales volume and 6,364 closed sales transactions in 2016.

Sea Coast Advantage was founded in Wilmington in 1988 and joined Coldwell Banker in 1993.  The firm's agents are based in 13 offices in Wilmington, Leland, Jacksonville, Carolina Beach, Topsail Island, Hampstead, Southport, Sneads Ferry, southern Brunswick County, Oak Island, Holden Beach and Calabash.

The release said Coldwell Banker Sea Coast Advantage also has an ownership interest in 18 Coldwell Banker Advantage offices in Raleigh, Fayetteville and Southern Pines and six Coldwell Banker Chicora Advantage offices in Myrtle Beach, South Carolina.

Last year, Coldwell Banker Sea Coast Advantage was the No. 1 Coldwell Banker company in the state, No. 3in North America in sales volume and No. 4 in North America for closed transactions, according to the release.

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