Coldwell Banker(R) U.S. Luxury Home Sales Volume Climbed To A Record $55.9 Billion In 2005

PARSIPPANY, N.J., March 2 /PRNewswire/ -- Coldwell Banker(R), a leader in luxury home sales, today announced that its 2005 total sales volume of luxury homes (valued at $1 million or more) in the United States and Puerto Rico surged to an all-time high of $55.9 billion, surpassing its previous record of $45.2 billion set in 2004, a 24 percent increase. Coldwell Banker affiliated companies nationwide participated in more than 31,000 luxury transaction sides(1) in 2005. The average sales price for luxury home transactions listed and/or sold by Coldwell Banker affiliated companies in 2005 was $1.79 million.

"The demand for luxury homes continues to be fueled by baby boomers who remain in their prime home buying years," says Jim Gillespie, president and chief executive officer, Coldwell Banker Real Estate Corporation. "This group has amassed great wealth through investments, inheritances and equity and appreciation of their homes. Their strong buying power, coupled with the historically low mortgage interest rates we have enjoyed over the last few years, have spurred the luxury home buying segment, which also includes second homes and new construction."

In this release, the Coldwell Banker organization highlights its top luxury home markets by state and city, and includes a list of its top 50 transactions nationwide. The data provided represents only Coldwell Banker luxury home sales volume figures.

Highlights from the 2005 Coldwell Banker(R) Luxury Home Sales Report include:

California Continues "Gold Rush" of Luxury Home Sales * In California, the Coldwell Banker organization reported more than six times more sales volume of luxury homes than any other state, at almost $31 billion, representing 55 percent of all Coldwell Banker luxury sales. * The top eight cities with the highest total Coldwell Banker luxury home sales volume were all in California, with Los Angeles boasting the highest luxury sales volume in the United States. * A $39.3 million home sale in Beverly Hills, Calif., was the largest closed transaction side by a U.S. Coldwell Banker sales associate in 2005. * California featured 13 home sales priced between $20 million and $25 million in 2005. Around the Country * Florida ranked second in the nation with $5 billion in Coldwell Banker luxury home sales volume. * Massachusetts, New Jersey, Illinois, Connecticut, Arizona and New York joined California and Florida as states reporting more than $1 billion in Coldwell Banker luxury home sales volume. * Arizona featured two cities in the top 10 in luxury home sales volume: Paradise Valley ranked ninth with more than $637 million in sales volume, while Scottsdale ranked 10th, reporting over $593 million in sales volume. Hot Markets * In 2005, Kansas (309 percent), Idaho (189 percent) and Arizona (177 percent) reported the highest percent increases in luxury home sales volume. * The top five cities reporting the largest increases in luxury home sales volume in 2005 over 2004 are: 1. Paradise Valley, Ariz., increased 251 percent and jumped 43 places in the ranking. 2. Scottsdale, Ariz., increased 205 percent, rising 37 places from the 2004 standings. 3. Glencoe, Ill., climbed 90 percent and is ranked 44th in total luxury home sales volume. Glencoe rose 28 places in the 2005 Coldwell Banker luxury market report. 4. Naples, Fla., increased 82 percent and now is ranked 27th in total sales volume. Naples climbed 17 places from 2004. 5. Phoenix rose 79 percent and is now ranked 69th in total sales volume. Phoenix soared 44 places in the ranking. 2005 Luxury Market Overview * The Coldwell Banker(R) brand reported 30,412 transaction sides in luxury homes priced between $1 million and $5 million. This was the brand's most active luxury segment. * The brand also reported 640 transaction sides in the $5 million to $10 million segment. * In 2005, the Coldwell Banker system reported 118 transaction sides between $10 million and $30 million, and one transactional side over $30 million in 2005. (1) There are two "sides" to every real estate sales transaction. A transaction side is defined as either the purchasing or the selling portion of a real estate sales transaction. (e.g., If a company represents the home buyer and the seller, it is credited with two closed transaction sides.) TOP 30 STATES RANKED BY COLDWELL BANKER LUXURY HOME SALES Dollar VOLUME JANUARY 1 - DECEMBER 31, 2005 Source: Coldwell Banker Real Estate Corporation 2005 2005 Total 2004 2004 Total State Rank Sales Volume Rank Sales Volume % Change California 1 $30,713,884,031 1 $25,768,279,929 19% Florida 2 $5,171,509,336 2 $3,666,385,837 41% Massachusetts 3 $2,880,542,883 3 $2,749,152,699 5% New Jersey 4 $2,328,297,230 5 $1,628,931,009 43% Illinois 5 $2,091,967,784 4 $1,650,398,670 27% Connecticut 6 $1,779,455,598 6 $1,620,320,279 10% Arizona 7 $1,588,044,565 12 $572,626,787 177% New York 8 $1,523,615,164 7 $1,058,260,561 44% Hawaii 9 $992,037,158 10 $644,356,734 54% Minnesota 10 $971,187,946 9 $826,910,016 17% Maryland 11 $895,548,473 11 $606,843,838 48% Colorado 12 $677,905,501 13 $535,335,134 27% Virginia 13 $492,056,533 16 $278,735,651 77% Washington, D.C. 14 $451,888,879 14 $389,537,005 16% Texas 15 $439,207,148 15 $305,171,856 44% Georgia 16 $352,651,476 18 $232,747,549 52% Missouri 17 $287,615,391 20 $146,622,566 96% Nevada 18 $284,220,624 17 $264,099,843 8% North Carolina 19 $247,194,793 21 $138,666,405 78% Pennsylvania 20 $210,986,180 19 $165,449,424 28% Utah 21 $197,111,249 24 $93,927,366 110% Michigan 22 $123,937,326 22 $117,465,080 6% Oregon 23 $116,772,871 26 $88,445,135 32% Wisconsin 24 $116,316,418 23 $106,863,000 9% Washington 25 $109,527,450 8 $901,205,662 - 88% Ohio 26 $108,274,330 27 $86,893,432 25% Montana 27 $81,859,000 29 $56,118,000 46% South Carolina 28 $81,500,672 25 $88,726,062 - 8% New Hampshire 29 $71,048,410 28 $77,940,275 - 9% Idaho 30 $67,226,100 37 $23,295,000 189% TOP 75 CITIES RANKED BY COLDWELL BANKER(R) LUXURY HOME SALES DOLLAR VOLUME JANUARY 1 - DECEMBER 31, 2005 Source: Coldwell Banker Real Estate Corporation 2005 2005 Total 2004 2004 Total City State Rank Sales Volume Rank Sales Volume % Change Los Angeles CA 1 $2,838,149,176 1 $2,189,498,325 30% Newport Beach CA 2 $1,435,546,573 3 $1,229,299,765 17% San Francisco CA 3 $1,254,472,594 4 $1,038,578,119 21% Beverly Hills CA 4 $1,199,879,311 2 $1,375,892,420 -13% Malibu CA 5 $1,033,504,291 5 $978,698,020 6% Pacific Palisades CA 6 $744,956,445 8 $615,275,054 21% Laguna Beach CA 7 $702,803,649 6 $662,225,729 6% Palo Alto CA 8 $641,755,099 10 $531,756,087 21% Paradise Valley AZ 9 $637,276,055 52 $181,423,211 251% Scottsdale AZ 10 $593,765,310 47 $194,673,871 205% Santa Monica CA 11 $586,285,147 9 $565,450,503 4% Montecito CA 12 $569,896,943 7 $637,289,500 -11% Miami Beach FL 13 $517,538,015 17 $405,006,030 28% Menlo Park CA 14 $507,172,659 14 $441,815,426 15% Saratoga CA 15 $500,409,291 19 $391,150,024 28% Newport Coast CA 16 $469,249,373 20 $387,544,013 21% Los Altos CA 17 $461,303,894 11 $496,645,145 - 7% Los Gatos CA 18 $458,687,094 12 $479,979,112 - 4% Washington DC 19 $451,888,879 21 $385,152,005 17% Santa Barbara CA 20 $442,551,700 23 $351,016,611 26% San Jose CA 21 $432,382,839 28 $298,564,123 45% Westport CT 22 $407,841,177 22 $364,379,923 12% Chicago IL 23 $399,802,211 25 $313,467,609 28% Carmel CA 24 $387,600,145 27 $307,647,775 26% Honolulu HI 25 $374,651,704 18 $392,647,834 - 5% Atherton CA 26 $371,463,800 16 $405,379,875 - 8% Naples FL 27 $368,874,423 44 $202,210,764 82% Corona Del Mar CA 28 $360,259,738 24 $322,554,770 12% Boston MA 29 $359,552,248 15 $426,055,817 - 16% San Diego CA 30 $355,556,154 41 $211,068,270 68% Pasadena CA 31 $349,443,584 30 $284,512,953 23% Rancho Santa Fe CA 32 $330,928,107 13 $479,286,732 - 31% Fort Lauderdale FL 33 $325,938,842 32 $260,991,690 25% Miami FL 34 $320,589,360 42 $209,075,775 53% Wellesley MA 35 $311,381,400 29 $298,354,880 4% Calabasas CA 36 $303,108,558 26 $313,214,097 - 3% Woodside CA 37 $292,901,825 31 $270,676,500 8% Greenwich CT 38 $278,953,200 37 $235,790,166 18% Boca Raton FL 39 $276,412,761 33 $252,586,851 9% Pebble Beach CA 40 $269,250,409 38 $214,866,625 25% Irvine CA 41 $254,853,875 35 $241,259,210 6% Weston MA 42 $254,340,150 34 $248,993,875 2% Encino CA 43 $251,010,226 62 $149,173,250 68% Glencoe IL 44 $246,373,214 72 $129,379,880 90% Portola Valley CA 45 $241,330,990 45 $201,680,750 20% Coral Gables FL 46 $234,204,550 56 $161,014,750 45% Wayzata MN 47 $226,709,611 49 $187,860,297 21% Lake Forest IL 48 $220,155,627 40 $211,712,004 4% Los Altos Hills CA 49 $215,577,984 36 $236,589,206 - 9% La Jolla CA 50 $210,184,800 50 $186,395,068 13% Winnetka IL 51 $209,495,450 51 $185,127,050 13% Sarasota FL 52 $205,391,986 73 $126,844,635 62% Longboat Key FL 53 $201,389,500 39 $214,262,422 - 6% Redwood City CA 54 $200,840,102 71 $131,087,391 53% Sherman Oaks CA 55 $199,688,178 74 $123,941,515 61% Tarzana CA 56 $191,886,100 57 $160,209,700 20% San Marino CA 57 $188,934,995 48 $192,910,301 - 2% Cupertino CA 58 $186,285,866 55 $161,337,112 15% San Mateo CA 59 $185,223,624 66 $139,160,275 33% Dallas TX 60 $176,886,150 69 $135,024,105 31% Atlanta GA 61 $175,161,226 85 $104,368,553 68% Palos Verdes Estates CA 62 $172,749,770 60 $154,677,503 12% Rancho Palos Verdes CA 63 $170,274,347 70 $133,136,750 28% Annapolis MD 64 $167,585,975 67 $137,341,016 22% Newton MA 65 $167,139,782 58 $157,318,415 6% Scarsdale NY 66 $163,713,985 104 $91,993,018 78% Long Beach CA 67 $158,978,000 101 $93,840,000 69% Denver CO 68 $155,960,816 96 $96,273,797 62% Phoenix AZ 69 $154,535,600 113 $86,195,200 79% Rancho Mirage CA 70 $151,594,500 90 $100,017,900 52% Arcadia CA 71 $151,109,300 83 $106,505,488 42% Sanibel FL 72 $150,182,451 106 $90,782,000 65% Burlingame CA 73 $149,949,001 65 $140,693,856 7% Westlake Village CA 74 $148,533,500 63 $142,570,577 4% Studio City CA 75 $148,285,548 112 $87,010,418 70% TOP 50 PRICES PAID FOR INDIVIDUAL LUXURY HOMES SOLD BY COLDWELL BANKER(R) SALES ASSOCIATES JANUARY 1 - DECEMBER 31, 2005 Source: Coldwell Banker Real Estate Corporation 2005 2005 Rank City State Selling Price Rank City State Selling Price 1 Beverly Hills CA $39,352,500 26 Los Angeles CA $14,880,000 2 Beverly Hills CA $25,000,000 27 Newport Coast CA $14,850,000 3 Newport Beach CA $25,000,000 28 Westport CT $14,600,000 4 Malibu CA $25,000,000 29 La Jolla CA $14,500,000 5 Montecito CA $25,000,000 30 Miami Beach FL $14,500,000 6 San Francisco CA $25,000,000 31 Carmel CA $14,250,000 7 Pebble Beach CA $24,470,000 32 Los Gatos CA $14,000,000 8 La Jolla CA $23,500,000 33 Miami Beach FL $13,900,000 9 Laguna Beach CA $22,500,000 34 Naples FL $13,800,000 10 Santa Barbara CA $22,500,000 35 Costa Mesa CA $13,790,000 11 Montecito CA $22,000,000 36 Greenwich CT $13,750,000 12 Malibu CA $21,000,000 37 Los Angeles CA $13,600,000 13 Malibu CA $21,000,000 38 San Diego CA $13,500,000 14 Rancho Santa Fe CA $20,000,000 39 Woodside CA $13,500,000 15 Woodside CA $18,500,000 40 Laguna Beach CA $13,400,000 16 Ross CA $18,000,000 41 Los Angeles CA $13,200,000 17 Beverly Hills CA $17,650,000 42 Newport Beach CA $13,150,000 18 Beverly Hills CA $17,500,000 43 Newport Beach CA $13,150,000 19 Byram CT $17,500,000 44 Laguna Beach CA $13,000,000 20 Los Angeles CA $17,365,000 45 Los Angeles CA $13,000,000 21 Los Angeles CA $16,500,000 46 Malibu CA $13,000,000 22 Miami Beach FL $16,500,000 47 Malibu CA $13,000,000 23 Los Angeles CA $16,000,000 48 San Francisco CA $13,000,000 24 Indian Creek Island FL $15,500,000 49 Malibu CA $12,850,000 25 Montecito CA $15,000,000 50 Pacific Palisades CA $12,500,000 About Coldwell Banker(R)

Since 1906, the Coldwell Banker(R) organization has been a premier provider of full-service real estate. In 2005, Franchise Times magazine's prestigious Top 200 issue ranked the Coldwell Banker system number one in real estate and number nine among all franchisors. The Coldwell Banker System has approximately 4,000 residential and commercial real estate offices and 126,400 Sales Associates in 30 countries and territories. The Coldwell Banker System is a leader in the industry in residential real estate, and in niche markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International(R) division. It is a pioneer in consumer services with its Coldwell Banker Concierge(R) Service Program and award-winning Web site, http://www.coldwellbanker.com/. Coldwell Banker Mortgage is one of the largest telephone/web based lenders in the country and the Coldwell Banker Commercial(R) network is an industry leader in providing commercial real estate solutions that serve the needs of tenants, landlords, sellers and buyers in the leasing, acquisition, disposition and management of all property types. Coldwell Banker Real Estate Corporation is a subsidiary of Cendant Corporation . Coldwell Banker(R) is a registered trademark licensed to Coldwell Banker Real Estate Corporation. Each office is independently owned and operated except for offices owned and operated by NRT Incorporated.