Coldwell Banker Residential Real Estate, Inc. of Florida Records $6.55 Billion in 1999 Sales; Company's 1999 Sales Increase 17 Percent From 1998.Business Editors SARASOTA Sarasota (sâr'əsō`tə), city (1990 pop. 50,961), seat of Sarasota co., SW Fla., on Sarasota Bay; settled c.1884, inc. 1914. , Fla.--(BUSINESS WIRE)--March 29, 2000 Coldwell Coldwell may refer to:
Florida (flôr`ĭdə, flŏr`–), state in the extreme SE United States. A long, low peninsula between the Atlantic Ocean (E) and the Gulf of Mexico (W), Florida is bordered by Georgia and , the state's number one real estate company with 95 offices and nearly 4,000 sales associates, announces closed sales for 1999 reached $6.55 billion, a 17 percent increase from $5.6 billion recorded in1998, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Judith A. Green. The $6.55 billion in sales represents 42,069 transactions completed by Coldwell Banker Residential Real Estate. Inc. of Florida in 1999, a growth of 11.4 percent from the 37,763 transactions posted in 1998. The company has operations in eight major Florida metropolitan statistical areas (MSA's) including Miami, Ft. Lauderdale, Boca Raton Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , West Palm Beach, Stuart, Tampa Bay Tampa Bay, inlet of the Gulf of Mexico, 25 mi (40 km) long and 7 to 12 mi (11.3–19 km) wide, W Fla., separated from the Gulf by numerous small islands; it receives the Hillsborough River. St. , Greater Orlando Greater Orlando, alternatively known as the Orlando Area or Metro Orlando, is third most populated metropolitan region in the state of Florida, and the 27th-largest metro area in the United States. and Sarasota/Manatee.
Closed Dollar Volume Transactions
1999 $6.55 Billion 42,069
1998 $5.6 Billion 37,763
% Change +17% +11.4%
"Our record-breaking sales last year can be attributed to the combination of a strong economy and high consumer confidence coupled with the quality services and sales professionals available from Coldwell Banker," said Green. "We look forward to maintaining the position of Florida's leading real estate company, as we continue to grow and strengthen our sales and management team across the state." The Greater Orlando and Martin/St. Lucie County operations of Coldwell Banker Residential Real Estate, Inc. achieved the company's most significant growth in 1999, with a 51 percent increase in closed units and a 79 percent increase in closed sales volume from 1998, respectively. The company's Tampa Bay region generated the highest closed sales volume and closed units in 1999, with $1.49 billion in closed sales volume and 10,704 closed units. In November of 1999, Coldwell Banker Residential Real Estate, Inc. combined its South and West and Central regional operations into one statewide operation, with headquarters in Sarasota and a regional administrative office located in Weston. For the 13-month period of January 1, 1999 through January 31, 2000, the company acquired nine real estate firms and hired more than 1,000 new sales associates.
1999 Sales Comparison
Coldwell Banker Residential Real Estate, Inc. of Florida
METROPOLITAN AREA 1999 1998 Change
Miami-Dade County Sales Volume $728 million $696 million +5%
Closed Units 4,185 4,000 +5%
Broward County Sales Volume $854.7 million $822.3 million +4%
Closed Units 6,203 6,071 +2.2%
Palm Beach County Sales Volume $1.35 billion $1.17 billion +15.4%
Closed Units 7,717 7,157 +8%
Martin & St. Lucie
Counties Sales Volume $114.3 million $64 million +79%
Closed Units 1,021 716 +43%
Greater Orlando Sales Volume $1.04 billion $660.8 million +57%
Closed Units 6,599 4,385 +51%
Tampa Bay Sales Volume $1.49 billion $1.38 billion +8%
Closed Units 10,704 10,706 -.02%
Sarasota/Manatee Sales Volume $814 million $690.8 million +18%
Closed Units 4,581 4,140 +11%
ALL OF FLORIDA Sales Volume $6.55 billion $5.6 billion +17%
Closed Units 42,069 37,763 +11.4%
Coldwell Banker Residential Real Estate, Inc. of Florida, owned and operated by NRT Incorporated NRT Incorporated is the nation's largest residential real estate brokerage company. It is a subsidiary of Realogy Corporation. NRT's commercial operations rank as the twelfth largest corporate-owned commercial real estate brokerage in the country. , is a franchised brokerage of the COLDWELL BANKER(R) system, which includes more than 3,000 offices and 72,000 sales associates throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , the Caribbean, Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. , China, Europe, Israel, Mexico and Singapore. NRT Incorporated, the nation's leading independent real estate brokerage company, has over 700 offices and 32,000 sales associates in 21 metropolitan markets nationwide. The largest real estate company in the state, there are 95 Coldwell Banker Residential Real Estate, Inc. offices and nearly 4,000 sales associates throughout South, West and Central Florida
Central Florida is the central region of the United States state of Florida, on the East Coast. . . The company provides complete residential and commercial real estate brokerage services including its one-stop shopping Concierge(SM) program and Previews(R) for luxury homes. For more information visit coldwellbanker.com, the award winning real estate web site. |
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