Coldwell Banker EvenBay Sees Market Stabilizing
YOUNGSTOWN, Ohio – The housing market is leveling out after a “chaotic” few years, say Michael and Janice Stevens, owners of Coldwell Banker EvenBay Real Estate.
“As the market stabilizes in 2023, we predict that real estate will be business as usual,” the Stevenses say in a statement. “We don’t have a crystal ball to know exactly what the future holds. But we believe the current leveling of the real estate market will present ample opportunity for buyers to purchase the home of their dreams and sellers to sell their homes at market value.”
In 2022, Coldwell Banker EvenBay increased the number of closed units by 11% and company dollars by 19% compared with the previous year, the Stevenses say.
The agency, which was founded in 2014 and has 28 employees, provides real estate services throughout the Mahoning Valley and northeastern Ohio. Services consist of residential and commercial real estate sales, as well as property management. Coldwell Banker Even Bay maintains offices in Boardman and Warren.
The company’s property management division, EvenBay Real Estate Property Management, experienced revenue growth of 30% and added to its portfolio in 2022, the owners say. The company is putting resources toward expanding this division in 2023.
The agency, which invested in internal staffing in 2022, has worked toward building a team to support agent needs and company growth initiatives, the Stevenses say. They plan to add agents and invest in the property management team in 2023.
Four of EvenBay’s agents – Gerry Brown, Joann Petkovich and the Stevenses – were named to the Ohio Realtors 2022 President’s Sales Club. And Michael Stevens was elected president of the Youngstown Columbiana Association of Realtors for 2023.
Every year, the YCAR president gets to choose a charity that will benefit from the association’s fundraising efforts. Stevens selected Veteran’s Haven, a nonprofit that supports homeless veterans.
Published by The Business Journal, Youngstown, Ohio.