Team Gale, a team of 11 agents and support personnel with Coldwell Banker Sea Coast Advantage, was ranked fifth in the Southern Region among all Coldwell Banker teams for total units sold in 2014, the firm announced recently in a news release. The Southern Region is made up of 400 Coldwell Banker-affiliated companies in 14 states.
Team Gale, formed in 2005 by Jack and Tom Gale, specializes in sales of residential property, including vacant lots and tracts of land to be developed, the release stated. Since 2009, it has completed more than 2,000 real estate transactions and has been a top-producing Sea Coast Advantage team, including being ranked in the top 10 for the entire Southeast Region of Coldwell Banker for the last two years and ranked in the top 250 of all Realtors in the nation for the last few years.
“We are very proud to be one of the leading sales teams in the Cape Fear region, and it’s particularly gratifying to be recognized regionally for our dedication to our customers,” Tom Gale said in the release.
In a separate news release, Coldwell Banker Sea Coast Advantage announced its own rankings for 2014, published in the annual Power Broker Report & Survey by RIS Media.
The real estate firm ranks 67th in the nation in terms of sales and 32nd nationally in terms of its number of transactions. The report also and forecast a strong year for real estate firms throughout the country.
Coldwell Banker Sea Coast Advantage, according to its release, is the “largest and best-selling real estate company in New Hanover, Brunswick, Pender and Onslow counties, with more than $1.1 billion in closed sales volume and 5,395 closed sales transactions in 2014.”
Sea Coast Advantage was founded in Wilmington in 1988 and joined Coldwell Banker in 1993. It is staffed by more than 400 real estate agents in 11 offices, located in Wilmington, Leland, Jacksonville, Carolina Beach, Topsail Island, Hampstead, Southport, Sneads Ferry, South Brunswick, Oak Island and Holden Beach.
“We list and sell more homes than any other real estate company in southeastern North Carolina and our market area ranges from Morehead City to Myrtle Beach,” agency president Tim Milam said in the release. “And we anticipate that 2015 is going to be a very strong year for real estate.”
Several market dynamics are converging to make 2015 a particularly good year for real estate sales, according to the RIS Media Power Broker Report. Inventory is tightening and at its lowest level in years; interest rates continue to remain low and Fannie Mae and Freddie Mac are now offering 3 percent down options; rental prices are climbing, making home ownership more affordable in many instances; and new construction is strengthening.
