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DBJ: Coldwell Banker No. 1

Highlights:

  • DBJ ranks top real estate companies.
  • Coldwell Banker No. 1 for dollar volume.
  • Coldwell Banker has held title for 15 consecutive years.

Real estate agents at Coldwell Banker Residential Brokerage Colorado last year handled more than $3.2 billion in real estate transactions along the Front Range, ranking it No. 1 on the Denver Business Journal’s authoritative Book of Lists.

It marked the 15th consecutive year that Coldwell Banker was ranked No. 1 for dollar volume by the DBJ.

With 1,008 registered agents, Coldwell Banker was twice the size of RE/MAX Alliance, No. 2 on the list, which had $2.24 billion in sales in 2012.

Coldwell Banker agents handled 11,378 transactions last year, which equates to 37.5 percent of the 30,312 transactions handled by the top five brokerage firms last year.

The dollar volume for Coldwell Banker was 39 percent higher than the $2.3 billion in closings in 2011. On a year-over-year basis, the number of transactions showed a similar trend, growing by 38.75 from 8,200 in 2011.

“I am so proud of our company and our remarkable agents,” said Chris Mygatt, president of Coldwell Banker Residential Brokerage in Colorado.

“This achievement is a testament not only to our experienced, dedicated real estate professionals, but also our superior marketing programs, powerful global brand, and unparalleled technology and training to name but just of a few,” Mygatt continued.

“Every year we continue to attract the region’s top producing agents who wish to be affiliated with Colorado’s No. 1 brokerage where they can advance their careers in a family-oriented yet professional environment.”

Together, the top five brokerages handled more than $10 billion in dollar volume.

The 170 agents at Kentwood Real Estate had an average of more than $10 million in sales in 2012, the most per agent.

In addition to Coldwell Banker, Kentwood, and RE/MAX Alliance, the other two firms representing the top five realty firms were RE/MAX Professionals and Fuller Sotheby’s International Realty.

For more information regarding the DBJ analysis, which included research from RIS Media, please visit Denver Business Journal list.

Have a story idea or real estate tip? Contact John Rebchook at  JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by Universal Lending, Land Title Guarantee and 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.