Coldwell Banker Real Estate, The Original Silicon Valley Startup, Celebrates 109th Anniversary

Nation's Premier Iconic Real Estate Brand Continues to Innovate with Industry-Leading Technology

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Aug 27, 2015, 01:36 ET

MADISON, N.J., Aug. 27, 2015 /PRNewswire/ -- Coldwell Banker Real Estate LLC proudly celebrates 109 years in business today. This milestone comes at an exciting time for the brand. Coldwell Banker Real Estate has built a stellar reputation for high quality service, and the brand is marked by professionals who instill trust in millions of home buyers and sellers across the country and around the world.

Consumer trust is in the brand's DNA. Colbert Coldwell, and later Benjamin Arthur Banker, founded the company to bring ethics and integrity back to the San Francisco real estate community after the turmoil of the 1906 earthquake. This vision continues to guide the company in 2015.

Today, the Coldwell Banker® network has approximately 88,000 agents working in 3,047 offices in 43 countries worldwide. In 2014 alone, Coldwell Banker participated in 705,322 U.S. real estate transactions, at an average U.S. sales price of $300,914, 17.8 percent higher than the National Association of Realtors average. This included 21,023 transactions over $1 million.

"We are obviously very proud of the legacy our brand has built over the years and are thrilled to celebrate 109 years in real estate," said Budge Huskey, president and chief executive officer of Coldwell Banker Real Estate LLC. "Yet innovation is our true hallmark and we are fully focused on our continued leadership in this area going forward."

As an innovator in real estate, Coldwell Banker Real Estate continues to provide state-of-the art technology to support the home buying and selling process. Recent launches include a re-imagined seller-focused real estate website www.coldwellbanker.com, as well as a series of industry exclusive proprietary digital tools, including the industry's first "big data" listing app CBx and the integrated world class ZAP platform, provided through Realogy sister company ZipRealty. The brand also provides network support through Coldwell Banker University, one-of-a-kind experiential learning sessions and award-winning social media channels. Social media analytics service, Klout, has recognized Coldwell Banker Real Estate as the No. 1 real estate brand in social media.

About Coldwell Banker Real Estate LLC

Since 1906, the Coldwell Banker® organization has been a premier provider of full-service residential and commercial real estate brokerage services. Coldwell Banker Real Estate is the oldest national real estate brand and franchisor in the United States, and today has a global network of approximately 3,000 independently owned and operated franchised broker offices in 43 countries and territories with more than 88,000 affiliated sales professionals. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by being the first national real estate brand with an iPad app, the first to augment its website www.coldwellbanker.com for smart phones, the first to create a iPhone application with international listings and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On Location^SM YouTube channel. The Coldwell Banker System is a leader in niche markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing program delivering exceptional experiences for all consumers served.

Media Inquiries:

Athena Snow	Katy Hendricks
Coldwell Banker Real Estate LLC	CooperKatz for Coldwell Banker Real Estate LLC
973.407.5590	917.595.3057
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