Beaufort SC Real Estate News: Cora Bett Thomas acquires Town and Country
Posted by Todd Covington on Monday, April 13th, 2009 at 2:46pm.
On April 1st, local real estate agency Town and Country operations were officially in the hands of Corra Bett Thomas Real Estate Company. Based in Savannah, Hilton Head, and Bluffton, Cora Bett Thomas made a move into the Beaufort South Carolina market last year by opening an office in Town Center. Looking to fry bigger fish, Thomas acquired one of the areas longest standing agencies in Town and Country. With the housing market in such a downturn, it is a bold move.
Personally, I'm a little surprised by this buyout. Mathew McAlhaney and Bill Anderson has recently launched their new company website, which was doing remarkably well. Running an agency is a huge job and my guess is the offer was too good to pass up. Cora Bett Thomas has long been know for luxury properties so it will be interesting to see if they can break into the Beaufort SC luxury homes market. While Town and Country does have several multi-million dollar listings, the Beaufort Country Association of Realtors 2008 statistics show their total sales way down at #7 among local agencies. It will be interesting to see if that ranking improves under a new name.
*One important note is that the Town and Country Coastal Properties branch was not part of the deal. T&C Coastal will now be an independent agency focusing on St. Helena, Harbor Island, and Fripp Island.