Sotheby's International Realty Network Reports Significant Gains for 2015
March 02, 2016 - United States
Sotheby's International Realty Affiliates LLC last week reported that in 2015 its affiliated brokers and sales professionals achieved approximately $80 billion in U.S. home sales volume (transaction sides multiplied by average sale price).
Driven largely by a brand record of over 100,000 total transaction sides, this is the highest annual sales volume performance in the history of the brand and marks a 13% increase from the prior year.
The Sotheby's International Realty brand also reported growth in its global network, which now encompasses 63 countries and territories worldwide. At year-end, the network totaled 835 offices, a gain of nearly 10%, and more than 18,800 sales associates, up 14%.
"2015 was a record year for domestic franchise sales for the Sotheby's International Realty brand," said Philip White, president and chief executive officer, Sotheby's International Realty Affiliates LLC. "This year alone, we have also added 12 international, independently owned and operated affiliate brokerage locations to our global network, which will drive accessibility to the increasing level of international buyers in key luxury markets."
Outside the United States, the Sotheby's International Realty brand continued to expand into key markets in 2015. The entire Gulf Region is poised for significant growth as the brand's affiliate brokerage in the region, Gulf Sotheby's International Realty, acquired the rights to deliver real estate services in Bahrain, Kuwait, Oman, Saudi Arabia and Qatar.
The brand saw continued growth entering the countries of Chile, Finland, Ireland, The Netherlands, and Nicaragua, while expanding its presence in Italy, Queensland, Australia and in Buenos Aires, Argentina.
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