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Real Estate - Residential

Wilmington-based Real Estate Firm Grows By Five More Offices

By Staff Reports, posted Jan 12, 2024

A real estate company headquartered in Wilmington added five office locations to its footprint with a recent merger.

Asheville-based Coldwell Banker King merged with Wilmington-based Coldwell Banker Sea Coast Advantage and the Advantage family of companies, according to a news release. 

“Coldwell Banker King is a very successful company with a great reputation. We look forward to building on that success,” said Tim Milam, CEO of Coldwell Banker Sea Coast Advantage, in the release. “By joining forces, we can offer a comprehensive suite of resources and tools for the agents and the clients they serve. We consistently look for opportunities to add quality people to our organization, and this merger does just that.”

In addition to five offices, the expansion adds 75 sales associates to Advantage’s roster, the release stated.

“With our network of offices, we can now provide local insight and market-specific knowledge for clients from the western part of the state to locations up and down the coast,” said Denise Kinney, president of Coldwell Banker Sea Coast Advantage, in the release.

According to the release, Coldwell Banker Sea Coast Advantage’s closed sales volume in 2023 exceeded $2.8 billion and over 7,400 transactions.

Coldwell Banker Sea Coast Advantage also has an ownership interest in Coldwell Banker Advantage, which serves major markets, including Raleigh and the Triangle, Fayetteville, Southern Pines, Greensboro, Winston-Salem and the Triad.

The release stated, “Together, all regions closed over $6 billion in sales volume and over 19,000 transactions in 2023.”

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