Coldwell Banker Danforth was purchased in 1993 with 38 brokers and has since grown significantly, now having over 350 brokers. Over its first 10 years, it sold $1.2 billion in real estate and earned $31.7 million in commissions. In its second 10 years, it sold $4.7 billion in real estate and earned $116 million in commissions. In total over its 20 year history, Coldwell Banker Danforth has sold over $5.9 billion in real estate across over 20,000 transactions, earning $148 million in commissions.
1. 1993-2013 Coldwell Banker Danforth Timeline
Oct 1993: Phyllis months
First 12 Danforth
PurchasedSold Federal Way
• the 297 units
Coldwell • Earned $1,2950,000 gross commission
Banker franchise.
Purchased CBC franchise
We startedSold $49,810,000 of real estate
• with 38 brokers.
1993
1994
1995
1996
1997
How much things cost in 1993
• Cost of new house $113,200.00
• Average income per year $31,230.00
• Average monthly rent $532.00
• Cost of a gallon of gas $1.16
• Movie ticket $4.14
• Average cost of new car $12,750.00
• Intel introduces the Pentium Processor
Worlds first Satellite
Digital Television
Service launched
1995 major league
baseball players end
232-day strike
Netscape Navigator
released
Toy Story first ever
wholly computer
generated film
JavaScript first
introduced & deployed
Ebay and Ask Jeeves
started
MSNBC a joint venture
between Microsoft and
NBC is launched
1997 Microsoft
becomes the worlds
most valuable
company valued at
$261 billion dollars
The first book in the
award winning Harry
Potter series by J. K.
Rowling is published
2. Purchased Federal Way
headquarters building
1998
1999
MySpace introduced to the Internet
Started Home
Office Program
2000
Bluetooth announced
Tiger Woods youngest
player to win a Grand
Slam in golf
Star Wars Episode I: The Phantom
Menace premiers
The Dot Com Bubble
Bursts/DotComs go bust
51 million viewers watch
the first season finale of
the reality show
"Survivor"
100th broker
joins CBD
Started CBD Concierge
2001
Known simply as 9/11
Wikipedia, a Wiki free
content encyclopedia,
goes online
Apple Computer releases
the iPod.
2002
2003
How much things cost in 2003
• Average cost of new house $246,300
• Average median income $45,016
• Cost of a gallon of gas $1.83
Apple launches iTunes selling 10 million
songs within 4 months of launch
The new United States Department of
Homeland Security officially begins
operation
3. CBD breaks into top 50 CB
franchises
CBD Starts internationally
Charitable Danforth
Started CBD went
200th broker
300th broker
Named to first
Giving Fund paperless.
Referral Network
CBD started its Property
joins CBD
Chairman's Circle!!
DOCSS 1.0 (Burien)joins CBD
Opened Northgate branch office
Management division CB Del Bianco
Purchased
Again! Again!
Again!
Again! And again…
2004
2005
Hurricane Katrina strikes the
Louisiana, Mississippi and Alabama
coastal areas.
Microsoft releases the Xbox 360
gaming console in North America.
2006
2007
2008
2009
The US housing bubble bursts
when year on year home prices
dropped throughout the country
causing increasing numbers of
foreclosures
Ongoing financial crisis and recession
continues . US and governments around the
world pumped trillions of dollars into the
financial system and into the economies hoping
to avert another Great Depression.
Apple Introduces The iPhone and
iTouch with built in WiFi and touch
screen
Mobile phone industry introduces 3G
technology
4. Again recognized takes over
Northgate
CB Danforth selects Avaunt #1
Aligned withAwarded the Longevity Award Branch as one offor it….
GPS Escrow & Absolute Mortgage And…wait the
100 for Gross Sales Companies
spot Fastest-GrowingVolume for all
Technologies, Inc. as its marketing
by the Business Examiner breaks into top 20
CBD
by Puget Soundestate forth
Business
full-serviceconsultant branches in
and design realmarked its Journal
CB Danforth
September 2013 Qualified 24 straight
CB franchises
SeattleApp 10th straight
Mobile
Last 12 months we
Best in a row that
Charitable giving fund
monthMonth/July 2013broke the record
internationally
Recognized as oneDeveloped
of the 100
• Sold 2099units Chairman's Circle!
251 units
Transformed to
for gross commission income earned for
Total
Fastest-Growing Companies by $44,151 raised and
• Earned $20,500,000gross income
for Brokers
$2,760,000
CBD in the Community
that month!donated amazing!! to date
Simply for charity
Puget Sound BusinessAward-Winning Webreal estate
Journal
• Sold $797,781,000 of & Design
And again!
And again!$108,189,000
And again!
2010
The Healthcare Reform Act signed
into law by President Barack
Obama
Apple releases the iPad taking the
new technology of touch screen
computing to new levels
2011
Price of gold per ounce
$1,677.95
Underwater earthquake with a
magnitude of 9.0 hits off the coast of
Japan
The US Military's "Don't Ask, Don't
Tell" policy officially repealed
2012
2013
How much things cost in 2013
• Average cost of new house $322.700
• Average median income $50,502
• Cost of a gallon of gas $3.38
• Average monthly rent $804
• Average cost of new car $30,748
5. By The Numbers…
First 10 35
We have Years There are
Currently
We have
Gross sales currently 368
billion
brokers hanging volume = $1.2+manage 783
currently 26
their sold
brokers
property units
CBC
ranked #17 Unitslicense = 5675
within the
working for
CB franchise Gross commission earned = $31.7 million Danforth
CB Danforth
CBD & CBCD
Brokers
We are
currently
internationally
Referral
Last 10 Years
Network
Gross sales volume = $4.7+ billion
Units sold = 14,954
Gross commission earned = $116 million
Twenty Year Totals:
Total Gross Sales Volume = $5.9+ billion
Total Units Sold = 20,639
Total Gross Commission Earned = $148 million
…And have
5 full-time
property
managers
6. By The Numbers…
First 10 35
We have Years There are
Currently
We have
Gross sales currently 368
billion
brokers hanging volume = $1.2+manage 783
currently 26
their sold
brokers
property units
CBC
ranked #17 Unitslicense = 5675
within the
working for
CB franchise Gross commission earned = $31.7 million Danforth
CB Danforth
CBD & CBCD
Brokers
We are
currently
internationally
Referral
Last 10 Years
Network
Gross sales volume = $4.7+ billion
Units sold = 14,954
Gross commission earned = $116 million
Twenty Year Totals:
Total Gross Sales Volume = $5.9+ billion
Total Units Sold = 20,639
Total Gross Commission Earned = $148 million
…And have
5 full-time
property
managers