Sea Coast Realty Merges With Wilmington's Oldest Real Estate Company

Yesterday, Coldwell Banker Sea Coast Realty announced that it was joining forces with Hanover Realty. The merger joins Wilmington’s largest and top-selling real estate company with the city’s oldest real estate firm.

Hanover Realty is owned by Wilmington mayor Bill Saffo and his wife Renee. “Renee and I are excited about joining forces with Wilmington’s proven market leader,” Saffo said in a press release.

The merger was announced yesterday morning at a special event at the Holiday Inn SunSpree Resort in Wrightsville Beach. More than 300 real estate sales associates and staff affiliated with the companies attended the event headlined by area resident and nationally-acclaimed author, philosopher and motivational speaker, Tom Morris.

The merger also strengthens Sea Coast Realty’s ties with Stevens Fine Homes, a long-time Hanover Realty client and a leading home builder in the region. Stevens Fine Homes will list four of its new home communities exclusively with Coldwell Banker Sea Coast Realty, bringing the potential for more than $40 million in sales to Sea Coast Realty. The new home communities will include, Grayson Park, Mallory Creek, Willowick, and Dogwood Lakes.

“The merger gives us access to expand a pool of agents and a much bigger marketing presence, which we believe with increase traffic at our communities and ultimately lead to more sales for our company,” said Stevens Fine Homes president Craig Stevens in a press release.

Sea Coast Realty president Tim Milam said that the expected the union of these great companies to have a major impact on the Wilmington real estate market. “I can’t tell you how excited I am that we’re now all together on the same team,” Milam said in a press release. “Their commitment to excellence is a perfect fit with our corporate culture at Coldwell Banker Sea Coast Realty.”

News of the merger was covered by many local media outlets, including:

Saffo real estate company to merge with Sea Coast Realty (StarNewsOnline.com)

Creative collaboration shapes future of Wilmington real estate market (StarNewsOnline.com)

Mayor's real estate agency merges with Sea Coast Realty (WECT)

Mayor's real estate company merges with market leader (Greater Wilmington Business Journal

For more than a decade, Coldwell Banker Sea Coast Realty has been southeastern North Carolina’s largest and best-selling real estate company. The company is a perennial recipient of the Coldwell Banker Chairman’s Circle award. In 2009, recipients of this award represented the top 4 percent of Coldwell Banker affiliated companies worldwide.

Founded in 1988, Sea Coast Realty now operates 10 offices with more than 325 sales associates and staff in New Hanover, Brunswick, Pender, & Onslow counties. For more information, please visit SeaCoastRealty.com.