Weichert Capital Properties & Estates Flourishes Despite Challenging Market

March 21, 2008 // Franchising.com // MORRIS PLAINS, N.J. – Weichert Capital Properties & Estates, the luxury-home division of Weichert, Realtors®, recently announced that 2007 proved to be yet another prosperous year. Despite dealing with a challenging real estate market through the year, Capital Properties & Estates eclipsed the total dollar volume sales it generated in 2006. The company also experienced its best year ever for sales of $3 million-plus listings.

"We are very pleased with how 2007 turned out for the division, particularly in light of the performance of the real estate market as a whole," said Roger Christman, vice president of Weichert Capital Properties & Estates. "The continued annual success of Capital Properties & Estates is a testament to our exceptional team of highly-skilled individuals and reaffirms that luxury homes do sell in a timely manner when priced appropriately."

In 2007, Capital Properties & Estates increased its national exposure as a result of the continued growth of the Weichert network of companies. Working closely with both company-owned offices and offices of Weichert Real Estate Affiliates, Inc., the franchise arm of Weichert, Realtors, Capital Properties & Estates enhanced its presence in the luxury-home markets of Pennsylvania, Southern New Jersey, North Carolina and South Carolina.

Weichert Capital Properties & Estates' highly personalized approach to marketing multimillion-dollar properties has kept the company at the forefront of the high-end housing market. Listed as one of the most prestigious real estate companies by the 2007 Luxury Brand Status Index (LBSI) survey, Capital Properties & Estates clients have included Wall Street financiers, top corporate executives, successful entrepreneurs, and celebrities from sports and entertainment.

Prospective buyers worldwide can click onto the Capital Properties & Estates' Web site, weichertcapital.com, to access virtual tours of select properties that provide 360-degree perspectives. Visitors can also opt to take an "audio tour" on select properties, in which extensive photos of the luxury home are synchronized with a voice-over that walks the visitor through key rooms, highlighting unique details and special features.

For more information on Weichert Capital Properties & Estates contact Roger Christman at 1-800-785-3000 or click on weichertcapital.com.

Weichert has nearly 18,000 sales associates in more than 500 company-owned and franchised sales offices in key markets throughout the U.S. A family of full-service real estate and financial services companies, Weichert helps customers buy and sell both residential and commercial real estate, and streamlines the delivery of mortgages and home and title insurance. For more information, Weichert's customer service center can be reached at 1-800-USA-SOLD or at Weichert's Web site, www.weichert.com. Each Weichert franchised office is independently owned and operated.

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