Tag Archives: sales volume

Celebrating an Extraordinary Year – SIR Achieves $95 Billion in Global Sales Volume for 2016

2017_02_95billion_social

Sotheby’s International Realty Achieved $95 Billion in Global Sales Volume for 2016
Summit Sotheby’s International Realty Reports $1.52 Billion in Sales Volume in Utah

PARK CITY, Utah (Feb 2017) – Summit Sotheby’s International Realty, a luxury real estate firm based in Park City, Utah today announced that the Sotheby’s International Realty® brand reported that in 2016 its affiliated brokers and sales professionals achieved approximately $95 billion in global sales volume, the highest annual sales volume performance in the history of the brand, driven largely by a brand record of over 127,000 transactions.

In addition, Summit Sotheby’s International Realty announced that it achieved $1.52 billion in sales volume in Utah for 2016.

Global Growth

The Sotheby’s International Realty® brand also reported growth across its global network, which now encompasses nearly 70 countries and territories worldwide. At year-end, the network totaled 880 offices and more than 20,000 sales associates.

Outside the United States, the Sotheby’s International Realty brand achieved $10 billion in sales volume in 2016 and continued to expand into key markets. The brand saw continued growth in Europe, entering the countries of Austria, Croatia, Slovakia, Slovenia and Montenegro. The brand also expanded in the Asia-Pacific region through affiliations in Fiji and Shanghai and continued to grow in Hong Kong and greater Thailand. Finally, the brand expanded its presence in the Caribbean with the addition of affiliates in Roatan and St. Vincent & the Grenadines.

In the United States, the Sotheby’s International Realty brand achieved $85 billion in sales volume in 2016 and also added seven independently owned and operated residential real estate firms as well as 45 new offices to its network across the country.  This past year witnessed continued significant growth by existing affiliate companies through talent attraction and mergers and acquisitions, most notably increasing the brand’s market presence in Lexington and Concord, Massachusetts, throughout southern Rhode Island and on the island of Kauai, Hawaii. The brand also entered several key new markets last year, namely: Gulf Shores, Alabama; Pittsburgh, Pennsylvania; and Virginia Beach, Virginia.

Innovative Technology

The Sotheby’s International Realty brand was at the forefront of interactive technology in 2016 with the introduction of 3D Tours with Virtual Reality capability on sothebysrealty.com. Additionally, the site saw the most traffic in its history with nearly 22 million visits, a 54% increase year-over-year.

The brand also launched the first luxury real estate app for Apple TV, featuring professionally curated high-resolution photography and high-definition video giving consumers the opportunity to explore homes on a screen larger than ever before. An alliance with Juwai.com was launched in 2016 that gives the Sotheby’s International Realty network an edge to generate Chinese homebuyer interest on one of the world’s most prominent real estate websites with over two million monthly visitors. As a truly international brand, Sotheby’s International Realty has the most global representation on Juwai.com, displaying luxury listings from 66 countries and territories.

The Sotheby’s International Realty brand was the No. 1 real estate company represented in two of the six categories that comprise the annual REAL Trends/The Wall Street Journal “Top Thousand” report. The Sotheby’s International Realty brand claimed 45 of the top 250 sales associates in the Individual Sales Volume category, more than any other real estate company. The brand also had the highest combined individual sales volume from sales associates in the same category. In addition, the Sotheby’s International Realty brand had the most individuals represented in the Individual Average Sales Price category, holding 17 of the top 50 spots (34%), further establishing the strength of the Sotheby’s International Realty brand as a leader in luxury real estate sales.

Summit Sotheby’s International Realty, which has offices in Park City, Salt Lake City, and St. George offers exclusive Sotheby’s International Realty marketing, advertising and referral services designed to attract well-qualified buyers to the firm’s property listings. In addition, the firm and its clients benefit from an association with the Sotheby’s auction house, which promotes real estate referral opportunities with auction house clientele.  Property listings from Summit Sotheby’s International Realty also are marketed on the sothebysrealty.com global website, as well as on the firm’s local website, summitsothebysrealty.com

Summit Sotheby’s International Realty is located at 1750 Park Avenue in Park City, Utah. For additional information, please contact 435.649.1884

Summit Sotheby’s International Realty was organized in 2008 and became the exclusive Sotheby’s International Realty company for the state of Utah.  The firm has numerous offices and over 165 brokers and support staff associates serving some of Utah’s best-known luxury markets in Park City, Deer Valley® Resort, Heber, Midway, St. George and metropolitan Salt Lake City.

###

CONTACT

Joe Averett
435.649.1884

Sotheby’s International Realty ® Brand Leads National Rankings for Individual Sales Volume Category in REAL Trends/ The Wall Street Journal Report

The-Thousand-Logo_revisedSotheby’s International Realty Affiliates LLC recently announced that the Sotheby’s International Realty® brand was the No. 1 real estate company represented in two of the six categories that comprise the 2016 REAL Trends/The Wall Street Journal “Top Thousand.” The annual report ranks America’s top 1,000 residential real estate agents and teams based on 2015 annual sales volume and transaction sides, and the top 50 agents and top 50 teams on average sales price—making it a ranking of the top 1,100 nationwide.

The Sotheby’s International Realty brand claimed 45 of the top 250 sales associates in the REAL Trends Individual Sales Volume category, more than any other real estate company. Shane Herbert, a sales associate with Summit Sotheby’s International Realty, came in at number #59 with $135 million in sales volume. The brand also had the highest combined individual sales volume from sales associates in the same category. In addition, the Sotheby’s International Realty brand had the most individuals represented in the Individual Average Sales Price category, holding 17 of the top 50 spots (34%), including Brenda S. Powers and Elizabeth L. Sample in East Side Manhattan who tied for No.1 at $37.59 million. The brand also had the No. 1 Team on the Average Sales Price ranking; Drew Mandile and Brooke Knapp Team in Beverly Hills topped that list with an average sales price of $18.3 million. This further establishes the strength of the Sotheby’s International Realty brand as a leader in luxury real estate sales.

“We are thrilled to see that the Sotheby’s International Realty brand is continuing to build off the momentum of the 2015 record-year,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC.  “Having the most sales associates represented in two categories of the REAL Trends/The Wall Street Journal rankings is a huge accomplishment and underscores how many of the top sales professionals are affiliated with the Sotheby’s International Realty brand.  I am so proud of the companies and the sales associates represented on this list.”

“We are proud to represent the finest homes in the Utah market,” said Thomas Wright, CEO/President of Summit SIR. “The recognition from REAL Trends is a result of our hard work, extensive market knowledge and the support of the Sotheby’s International Realty brand, which enables us to effectively market and sell these extraordinary residences.”

The Sotheby’s International Realty network currently has more than 19,000 affiliated independent sales associates located in approximately 845 offices in 63 countries and territories worldwide. Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs.  Each office is independently owned and operated.

The complete Thousand Top Real Estate Professionals list can be found on REAL Trends’ website, www.realtrends.com.