Coldwell Banker Bain | Seal leads the Northwest luxury real estate market in sales of high-end homes, according to final 2016 numbers compiled by CB Bain | Seal from the Northwest Multiple Listing Service data (NWMLS). Additionally, the company has once again earned the Coldwell Banker Chairman’s Circle designation for outstanding performance in volume, ranking as a top network affiliate out of 3,000 offices in 49 countries. The company achieved a total sales volume of $6.05 billion in 2016.
The NWMLS statistics show that in 2016 CB Bain | Seal continues as the leader in the million dollar plus market, particularly in the higher price ranges (above $4M) where the company had more listings sold than any other real estate company. Specifically, CB Bain:
“We couldn’t be more thrilled with how our brokers performed according to the NWMLS last year, especially considering the 873 CB Bain | Seal brokers represent only about 3.4% of the total number of brokers in the NWMLS,” said Mike Grady, company COO and president. “It truly is a testament to their knowledge, expertise and reputation for excellence in servicing this segment,” he added.
In addition to the Coldwell Banker network naming Coldwell Banker Bain | Seal to its Chairman’s Circle again in 2016, it has also recognized its performance overall as follows:
Finally, 20 CB Bain | Seal offices attained special recognition from the Coldwell Banker network as Premier Offices, a prestigious designation earned by sales volumes and commissions. Those so designated include offices in both Washington and Oregon:
|Premier Gold (average per sales associate of $150,000 Closed Adjusted Gross Commission or average of 30 total units)||Coldwell Banker Bain of Capitol Hill|
|Premier Silver (average per sales associate of $120,000 Closed Adjusted Gross Commission or average of 24 total units)||Coldwell Banker Bain of Bainbridge Island
Coldwell Banker Bain of Bellevue
Coldwell Banker Bain of Lake Union
|Premier Bronze (average per sales associate of $75,000 Closed Adjusted Gross Commission or average of 18 total units)||Coldwell Banker Bain of Anacortes
Coldwell Banker Bain of Bellingham
Coldwell Banker Bain of Everett
Coldwell Banker Bain of Gig Harbor
Coldwell Banker Bain of Issaquah
Coldwell Banker Bain of Kent Station
Coldwell Banker Bain of Kirkland
Coldwell Banker Seal of Lake Oswego
Coldwell Banker Bain of Longview
Coldwell Banker Bain of Lynnwood
Coldwell Banker Bain of Mercer Island
Coldwell Banker Seal of Oregon City
Coldwell Banker Seal of Portland West
Coldwell Banker Seal of Portland Uptown
Coldwell Banker Bain of Redmond
Coldwell Banker Seal of Vancouver East
Grady points to some of the more interesting trends the company saw in the Puget Sound luxury market in 2016, including:Coldwell Banker Bain | Seal brokers handling luxury properties are specially certified to do so as part of an exclusive group in the Coldwell Banker Previews International® luxury home sales program. All sales associates carrying the Previews Specialist credential must meet stringent qualification criteria, including a proven track record of luxury home sales.
A year ago the Eastside condo market was a bit sluggish compared to the “hot” Seattle metro market. However, the $1 million+ condo market has heated up with 81% more sales in ’16 vs. ’15. Additionally, the months of inventory (closed sales compared to available listings) has diminished to only 1.4 months of inventory based on the most recent report (month end February ’17).