Coldwell Banker Hunter Realty with 16 offices and 300 associates in Cleveland and Northeast Ohio has merged with Coldwell Banker Schmidt Family of Companies.
We believe this is a great opportunity for our West and Northern Michigan offices as this part of Ohio is a "feeder" market to our Michigan offices for vacation and retirement homes. We expect our agents and their sellers will see more business as we promote the beautiful Michigan communities where we operate.
We are very familiar with Coldwell Banker Hunter as we have participated with them in a business-networking group of the top Coldwell Companies nationally for many years. We will continue to use the DBA Coldwell Banker Hunter Realty in Cleveland.
Cleveland and NE Ohio are recovering very nicely from the recession with a lot of business growth and a growing economy. We see great growth opportunities.
Hunter is well established in the market and has a great management team in place.
With this acquisition, Coldwell Banker Schmidt Family of Companies includes 65 offices with 1,100 plus associates operating out of Michigan, SW Florida and NE Ohio. Closed sales volume is over $2 Billion Dollars on 14,000 plus closed sales and listings.