Tim Milam

With two months left in 2020, a Wilmington-based residential real estate firm has already surpassed $2 billion in closed sales volume for the year.

The milestone marks the second consecutive year Coldwell Banker Sea Coast Advantage has exceeded $2 billion in annual sales, "a significant milestone that has never been reached by any other real estate firm in Southeastern North Carolina," according to a news release.

“Sales milestones are important, because they indicate the level of trust our clients place in us, as well as the level of satisfaction they have in our services,” stated Tim Milam, president of Coldwell Banker Sea Coast Advantage, in the release. “The achievement this year is especially impressive, not only because there are still two months remaining in the year, but also because 2020 has certainly presented its own specific set of challenges for buyers, sellers, and our agents.

Milam added, “Our agents were able to quickly and successfully respond and adapt their services to health and safety regulations [because of the COVID-19 pandemic].”

According to the release, the firm has experienced significant growth over the past few years, which has resulted in the ability to leverage economies of scale and also created an expanded referral network.

The release stated that this growth has also provided agents with access to a training curriculum, marketing opportunities, advanced technology and a highly trained administrative staff, along with a large network of office locations to use as needed when working with clients.