Coldwell Banker Residential Brokerage’s James Madison Finishes 2008 as Top Selling Agent in Sonoma County and Company’s No. 2 Agent in Northern California

Bank-owned property specialist also ranked No. 2 nationally for number of home sales.

Santa Rosa, CA, March 09, 2009 --(PR.com)-- Coldwell Banker Residential Brokerage, the Bay Area’s leading real estate services company, announced today that James Madison, a broker associate in the company’s Santa Rosa office, was the top selling agent in Sonoma County last year with more than twice the sales as any other agent in the county.

In addition, Madison was the number two agent for Coldwell Banker Residential Brokerage in all of Northern California for dollar volume and the number two agent for the company nationally for closed units sold.

Madison, an expert on marketing bank-owned properties, sold an astounding 486 properties valued at more than $149 million during the year. That total was more than double the dollar volume of the next most productive agent in the county and three times the runner up in number of properties sold.

In achieving his lofty ranking, Madison surpassed more than 4,000 agents in Northern California. The results were announced this week at Coldwell Banker’s International Business Conference in San Antonio, Texas.

“Bank owned property sales have been the hottest segment of the real estate market over the past year, and James is one of the very best in the business at marketing these properties,” said Rick Turley, president of Coldwell Banker Residential Brokerage. “What he has accomplished in the past year is nothing short of phenomenal. James has a well-earned reputation as the go-to guy when it comes times for banks to market distressed properties.”

Rick Laws, manager of Coldwell Banker Residential Brokerage in Santa Rosa, said the company has established an extensive program to assist buyers and sellers of bank-owned real estate. “Agents like James are in strong demand in this market because asset managers know they can rely on him to get their properties ready to market and then move them quickly and efficiently,” he said.

With more than 26 years experience in REO (real estate owned) properties, Madison is able to offer asset managers expert assistance in preparing and marketing distressed properties. He works with seasoned, experienced contractors and is known for creating a detailed and aggressive marketing plan to sell properties quickly. During his career, Madison has worked with more than 100 different corporate clients and has closed an average of 61 sales each year.

“The REO service I provide has proven to be a winning combination for banks,” he said. “I handle everything from market analysis to escrow tracking, cash for keys, evictions and repairs – everything an asset manager may need to get the job done quickly, efficiently and on time.”

More than any other market segment, distressed properties require the assistance of real estate professionals with solid experience in construction, remodeling, evaluating property values, and marketing. That’s why each Coldwell Banker Residential Brokerage office in Northern California has a team of agents who are experts in REOs and short sales – properties that are sold for less than the cost of the mortgage.

Coldwell Banker Residential Brokerage uses its extensive marketing platform and strong network of buyers and sellers to market REOs and other distressed properties. Agents for the company spend as much time, effort, money and resources on marketing an REO home as any other listing. They are experienced in making the necessary improvements inside and out, and doing whatever it takes to get a property ready for sale.

Madison can be reached at Coldwell Banker Residential Brokerage’s Santa Rosa office, 600 Bicentennial Way, Suite 100, by phone at 707.535.1818 or via email at jbm@jamesbmadison.com.

About Coldwell Banker Residential Brokerage

Coldwell Banker Residential Brokerage, the largest residential real estate brokerage in Northern California, serves the markets of Sacramento/Tahoe, San Francisco/Peninsula, San Francisco Bay Area, and Silicon Valley/Monterey Bay. The company has 63 office locations and more than 4,150 sales associates throughout Northern California. Through its internationally renowned Coldwell Banker Previews® program, the company is widely recognized for its expertise in the luxury housing market. Coldwell Banker Residential Brokerage is part of NRT LLC, the nation’s largest residential real estate brokerage company. NRT has more than 900 offices and 56,000 sales associates operating in more than 35 major metropolitan areas. A subsidiary of Realogy Corporation, NRT operates Realogy’s company-owned real estate brokerage offices. For more information please visit www.CaliforniaMoves.com or call 925.275.3085.

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