Coldwell Banker Residential Brokerage, the Bay Area’s leading real estate services company, announced today that its Los Gatos office finished 2015 as the No. 1 real estate office for all brokerage companies in Silicon Valley, according to MLS sales figures.
The company’s Los Gatos office recorded more than $1.5 billion in total home sales volume last year, with nearly $1.2 billion coming from Santa Clara County home sales alone. That placed the branch as the top-producing real estate office in the county.
Total sales volume for the Los Gatos office climbed more than 20 percent in 2015 from 2014, when it recorded $1.25 billion in volume. In reaching the $1.5 billion level, the branch surpassed dozens of competing real estate offices in Silicon Valley, one of the top housing markets in the U.S.
This marks the fourth straight year that Coldwell Banker Residential Brokerage’s Los Gatos office has broken the $1 billion mark. In addition, the office led all brokerages in closed units in Santa Clara County last year with more than 1,000 unit sales. They accounted for more than 1,300 closed units in all, including sales outside of the county.
“Congratulations to the Los Gatos office, manager Doug Evans, and his talented team of independent sales associates for this tremendous accomplishment,” said Mike James, president of Coldwell Banker Residential Brokerage in the San Francisco Bay Area. “This milestone underscores their professionalism, market knowledge and commitment to outstanding customer service.”
Evans said the Los Gatos area has been one of the hottest real estate markets in the Bay Area, but one that has been challenged by a lack of inventory to meet the strong buyer demand.
“Because there are so few listings, our independent agents have had to work extra hard to accomplish these results, often competing in multiple-offer situations and occasionally bidding wars for some homes,” he said. “I’m proud of these true professionals who once again proved they are the best in the business when it comes to real estate sales.”
Nestled in the heart of downtown Los Gatos, the Coldwell Banker Residential Brokerage branch is the company’s top Bay Area real estate office by sales volume and features more than 200 independent sales professionals.
Coldwell Banker Residential Brokerage’s Los Gatos office is located at 410 N. Santa Cruz Ave. The office can be reached by calling 408.355.1500.