Traverse City, Michigan April 7, 2009 The Coldwell Banker Schmidt Family of Companies has been recognized in two national surveys as being among the top Real Estate Brokerages in the country.
The results of the 2009 RISMedia Power Broker Survey are in, and local real estate brokerage Coldwell Banker Schmidt Realtors has made the top 50 once again. The firm, which operates throughout western and Northern Michigan, was ranked #46 of over 600 respondents with 6,672 closed sales units in 2008. This establishes them as the #3 Coldwell Banker Affiliate in the nation, and the largest Coldwell Banker Affiliate in the Eastern half of the county. Their unit ranking was echoed in the REALTrends 500, an annual research report which identifies the 500 largest brokers in the nation.
"We're very proud of the hard work our agents, staff and managers have put forth on behalf of our customers, especially in the face of recent market conditions" said Ken Schmidt, CEO of The Coldwell Banker Schmidt Family of Companies. "That we've experienced this kind of growth, and done it outside of the large metro markets in Southeast Michigan, is truly humbling. We've developed great offices in the best markets in the state, and all indicators point to these markets continuing to thrive in the long term, outperforming the balance of the state as Michigan's demographic and economic makeup transforms. These are the places where people want to live, and we're blessed to be able to live and work here ourselves."
Schmidt cited increased affordability, "incredibly low mortgage rates, and the $8000 home buyer tax credit" as major factors that were driving buyer activity, and noted that fewer new listings were coming on the market, an indication that area markets were beginning to tighten. "We're hearing from our agents that the best buys on the market are being snapped up quickly, and that the phones are really starting to ring" with buyer inquiries.
More information about the RISMedia Power Broker Report can be found by visiting www.rismedia.com. The REALTrends 500 Report can be found at www.realtrends.com.
The Coldwell Banker Schmidt Family of Companies is a fourth-generation, family-owned realty firm made up of three companies: Coldwell Banker Woodland Schmidt, serving the Western Lakeshore from Holland to Muskegon and beyond, Coldwell Banker AJS Schmidt serving the greater Grand Rapids area, and Coldwell Banker Schmidt Realtors serving Northwestern and Northern Michigan, including the UP. The company's website, www.cbgreatlakes.com boasts thousands of listings across Michigan.
About Coldwell Banker®
Since 1906, the Coldwell Banker® organization has been a premier full-service real estate provider. In 2007, Franchise Times magazine's prestigious Top 200 issue ranked the Coldwell Banker system No. 1 in real estate for the eighth straight year and 12th among franchisors in all industries. The Coldwell Banker System has approximately 3,600 residential real estate offices and 110,000 sales associates in 47 countries and territories. The Coldwell Banker System is a leader in the industry in residential and commercial real estate, and in niche markets such as resort, new home and luxury property through its Coldwell Banker Previews International® division. It is a pioneer in consumer services with its Coldwell Banker Concierge® Service Program and award-winning Web site, www.coldwellbanker.com. Coldwell Banker Real Estate LLC is a subsidiary of Realogy Corporation, a global provider of real estate and relocation services. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated.