(Coldwell Banker Morris Real Estate | Photo Courtesy of Coldwell Banker Morris Real Estate)
Coldwell Banker Morris Joins the World’s Top Coldwell Banker Affiliate
Coldwell Banker Bain, a leading provider of real estate brokerage services throughout the Pacific Northwest and a market leader in home sales in 2018*, has announced it has purchased Coldwell Banker Morris Real Estate of Bend from owners Russ and Pam Kirk and Sharon Dunlevy. Details of the sale were not disclosed, and the transaction is expected to close on or about October 1, 2019.
The purchase expands Coldwell Banker Bain’s brand in Oregon to four total offices (the company currently has two offices in Portland and one in Lake Oswego) and 300 brokers. This newest office serves clients in Bend and the surrounding communities in Central Oregon.
Brandon Fairbanks, who has served as Coldwell Banker Morris’ managing principal broker for the past five years and who will continue in that role, said, “This is so exciting for us — our agents couldn’t be more thrilled. First off, both Coldwell Banker Bain and Coldwell Banker Morris are very well established and respected real estate companies not only within the Coldwell Banker network, but in the communities they serve. Both companies are known for integrity, ethics and professionalism.”
He continued, “The opportunity for networking and referrals between brokers will be very powerful, and the amount of support we’ll get will allow our brokers to focus solely on their clients and transactions. Our staff will be able to move from administrative duties to focusing on supporting the brokers. Coldwell Banker Bain’s first-class technology tools, marketing support and training resources are going to make an incredible difference in how we do business.”
“We couldn’t be more excited about working with such a well-regarded brokerage that has been led so expertly by Pam, Sharon, Russ, Al Eastwood and Brandon,” said Mike Grady, Coldwell Banker Bain COO and president. “Since 1993, we have been a growth company, whether that be organically or through acquisitions, and we’ve long been interested in expanding in Oregon. When the Morris ownership team decided it was time to retire and approached us because of our common cultures and long-term business relationship, we jumped at the chance.”
Grady pointed to Bend’s robust housing market, with many buyers coming from outside markets such as California and Washington to enjoy a year-round destination offering world-class skiing and downhill mountain biking at Mt. Bachelor, numerous world-renowned golf courses, fly fishing in the Deschutes and for the recent addition of an Oregon State University campus located on the west side of Bend.
“While inventory levels remain a challenge and home prices have risen significantly over the past several years, Central Oregon remains a great value compared to the areas from which buyers are moving. We feel the economy in Bend will spur growth now and in years to come,” he said.
*According to final 2018 statistics derived from the Northwest Multiple Listing Service data (NWMLS).