COLDWELL BANKER RELEASES STRONG FULL YEAR GROWTH RESULTS

Our Journey In 2023 Showcases an Exceptional Expansion Story That Goes Beyond Borders, With an Emphasis on an Impressive Fourth Quarter Performance

In 2023, Coldwell Banker Real Estate LLC achieved a remarkable milestone by retaining an impressive 80 domestic affiliated companies, contributing to a substantial Gross Commission Income (GCI) of $282 million for the entire year. Notably, the fourth quarter alone witnessed the retention of 12 affiliated companies, securing $72.7 million in GCI. These figures highlight the company’s unwavering commitment to fostering robust partnerships, and we expect continued success in 2024.

Additionally, Coldwell Banker welcomed five new franchisees in 2023 as part of its ongoing expansion plans demonstrating our continued focus on growth:

• Coldwell Banker Howes & Jefferies: Eastern Iowa and Western Illinois
• Coldwell Banker Morehart Realty: Battle Creek, Michigan
• Coldwell Banker Mountainside Realty: Helena, Montana
• Coldwell Banker Regent Realty: St. Regis, Montana
• Coldwell Banker Universal: Houston, Texas

Coldwell Banker Howes & Jefferies in Clinton, IA

Internationally, the brand experienced significant expansion, with Master Franchisors adding 82 franchise companies and nearly 20 new offices for existing companies throughout the year, a clear testament to the brand’s dynamic growth strategy and positive outlook in the ever-evolving real estate market. The fourth quarter marked the opening of 18 new affiliated companies and 9 additional offices, further cementing Coldwell Banker’s global presence.

2023 International highlights include:

• Coldwell Banker Italy reached the 100 office milestone.
• Egypt adding seven companies in their second year of offering a Coldwell Banker franchise program.
• Spain and France entering key markets such as Javea, Costa Blanca, Saint-Maxime in the French Riviera, and the French Alps for the first time.

The brand celebrated successful launches in Chile, Paraguay, Saudi Arabia, and the renewal of Coldwell Banker Island Affiliates in the Caribbean, showcasing our commitment to exploring and thriving in diverse markets.

Coldwell Banker Paraguay celebrates the launch of its first office Coldwell Banker Origenes in Asunción

As we reflect on these achievements, it’s evident that Coldwell Banker is not only retaining its position but actively pursuing opportunities for further expansion and success. 2023 wasn’t just a year of growth; it was a testament to the brand’s resilience and optimistic approach towards the future. We are eagerly anticipating what 2024 holds!  For buying and selling needs go to Coldwellbanker.com or connect with any of these domestic or international companies highlighted in this article.

Coldwell Banker International welcomed the following new affiliated companies in 2023:

Additionally, the brand welcomed the following nine offices to existing international affiliated companies:

Steve DiNapoli, senior director at Coldwell Banker Real Estate, is a contributor to this article.

Kait McMurdo

Kaitlin McMurdo has served as the Director of Global Service for Coldwell Banker since January 2020. Through her tenure, the existing global network has doubled in office and agent footprint and expanded into Chile, Paraguay and Saudi Arabia. She has also supported the global networks for Better Homes & Gardens, Corcoran, and ERA Real Estate. Prior to her current role, McMurdo worked for the premiere New York City New Development sales and marketing firm, Corcoran Sunshine, which sold over $20 billion of real estate during her time. At Corcoran Sunshine, she managed new business, cross-portfolio initiatives and creative sales initiatives for the top-selling developments in Manhattan and Brooklyn. Before joining the real estate industry, McMurdo worked primarily in corporate event planning and hospitality, combining her love of working with people and the food and beverage industry. She received her BA from American University in International Business with a minor in French language. She is very proud Philadelphia-area native (Go Birds) who has resided in New York City for 15 years, predominantly in “the World’s Borough”, Queens. In her free time she loves to cook, explore NYC, and of course, travel the world.