{"id":11685,"date":"2020-11-10T14:03:00","date_gmt":"2020-11-10T19:03:00","guid":{"rendered":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/sothebys-international-realty-achieves-nearly-90-billion-usd-in-u-s-sales-volume-through-third-quarter-of-2020\/"},"modified":"2020-11-10T14:03:00","modified_gmt":"2020-11-10T19:03:00","slug":"sothebys-international-realty-achieves-nearly-90-billion-usd-in-u-s-sales-volume-through-third-quarter-of-2020","status":"publish","type":"post","link":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/sothebys-international-realty-achieves-nearly-90-billion-usd-in-u-s-sales-volume-through-third-quarter-of-2020\/","title":{"rendered":"Sotheby&#8217;s International Realty Achieves Nearly $90 Billion USD in U.S. Sales Volume Through Third Quarter of 2020"},"content":{"rendered":"<style type=\"text\/css\">\n<p>\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}<\/p>\n<\/style>\n<p\/>\n<p><span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Nov. 10, 2020<\/span> \/PRNewswire\/ &#8212;&nbsp;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2976320-1&amp;h=2255625153&amp;u=http%3A%2F%2Fwww.sir.com%2F&amp;a=Sotheby%27s+International+Realty\" rel=\"nofollow noopener\">Sotheby&#8217;s International Realty<\/a>&nbsp;is pleased to announce that its affiliated brokers and sales professionals achieved nearly <span class=\"xn-money\">$90 billion USD<\/span> in U.S.&nbsp;sales volume during the first nine months of 2020, ending <span class=\"xn-chron\">September 30th<\/span>. The news comes during a year when many homebuyers and sellers evaluated their housing needs as a result of COVID-19. In fact, approximately half of buyers and sellers noted that relying on real estate professionals during the current pandemic is more important than ever, according to the <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2976320-1&amp;h=782985822&amp;u=https%3A%2F%2Fwww.nar.realtor%2Fnewsroom%2Fsixty-five-percent-of-those-who-attended-an-open-house-within-the-last-year-would-do-so-now-without&amp;a=National+Association+of+Realtors%C2%AE\" rel=\"nofollow noopener\">National Association of Realtors&reg;<\/a>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n                        <a href=\"https:\/\/mma.prnewswire.com\/media\/1330701\/11_9_20SIRdd2_Cv8g.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1330701\/11_9_20SIRdd2_Cv8g.jpg\" title=\"The significant sale of a downtown development, known as the Dancing Bear in Aspen, Colorado, was achieved by Andrew Ernemann of Aspen Snowmass Sotheby&rsquo;s International Realty for $18M USD in two weeks, thanks to the brand&rsquo;s use of virtual technology.\" alt=\"The significant sale of a downtown development, known as the Dancing Bear in Aspen, Colorado, was achieved by Andrew Ernemann of Aspen Snowmass Sotheby&rsquo;s International Realty for $18M USD in two weeks, thanks to the brand&rsquo;s use of virtual technology.\"\/><br \/>\n                        <\/a>\n                <\/p>\n<\/p><\/div>\n<p>&quot;The past several months presented a challenging and unique shift for not only the world, but the real estate industry,&quot; said <span class=\"xn-person\">Philip White<\/span>, president and chief executive officer for Sotheby&#8217;s International Realty. &quot;As a result of the pandemic, the lives of our clients evolved. Many discovered they were transitioning to a fully remote workforce or, while sheltering in place, realized that they needed extra space for remote learning.&nbsp;I&#8217;m proud to say that Sotheby&#8217;s International Realty was there to support its clients during this life-changing time and that our network of talented professionals rose to the challenge to ensure clients received informed guidance when navigating the market and were well-advised on innovative tools to promote their homes during the pandemic.&quot;<\/p>\n<p><b>Business Updates:<\/b><\/p>\n<p>Despite market challenges, the brand anticipated and met the shift in client home buying and selling needs achieving nearly <span class=\"xn-money\">$90 billion USD<\/span> in total U.S. sales volume through Q3 2020.<\/p>\n<p>Most notably, the brand achieved:<\/p>\n<ul type=\"disc\">\n<li>61.8% increase in U.S. closed volume sales in Q3 2020, compared to Q3 2019 <\/li>\n<li>106% increase in U.S. closed volume sales in the <span class=\"xn-money\">$2.5M<\/span> &#8211; <span class=\"xn-money\">$10M USD<\/span> range in Q3 2020, compared to Q3 2019<\/li>\n<\/ul>\n<p><b>Continued Growth<\/b><\/p>\n<p>Sotheby&#8217;s International Realty is uniquely positioned as the preeminent global luxury real estate brand. The brand&#8217;s vast network and recognition enabled its continued expansion and qualitative growth throughout 2020, which further supported the needs of its clients in these markets.<\/p>\n<ul type=\"disc\">\n<li>Strong international expansion in <span class=\"xn-location\">Germany<\/span>, <span class=\"xn-location\">Dubai<\/span>, <span class=\"xn-location\">Montenegro<\/span>, <span class=\"xn-location\">Romania<\/span>, and <span class=\"xn-location\">Ukraine<\/span> <\/li>\n<li>Facilitated affiliate expansions through approximately 12 domestic transactions, including <span class=\"xn-location\">California<\/span>, <span class=\"xn-location\">Colorado<\/span>, <span class=\"xn-location\">Florida<\/span>, <span class=\"xn-location\">Massachusetts<\/span>, and <span class=\"xn-location\">Washington<\/span><\/li>\n<\/ul>\n<p><b>Innovation<\/b><\/p>\n<p>Sotheby&#8217;s International Realty recognized the importance of technology early on and pioneered the use of high-resolution photos, videos, virtual, and mixed reality for its listings a decade ago. In 2020, the brand was poised to deliver on virtually marketing properties and worked to ensure agents were well-prepared to adjust to the changing real estate landscape and client needs.<\/p>\n<ul type=\"disc\">\n<li>Launched a new website available in 15 languages and nearly 60 currency conversions to continue serving the brand&#8217;s growing international clientele and to fuel referrals worldwide <\/li>\n<li>Leveraged existing virtual technology tools to continue to showcase properties and stage homes virtually, during a time many were sheltering in place <\/li>\n<li>Hosted webinars to educate agents on hosting virtual open house events and 3D virtual reality home tours<\/li>\n<\/ul>\n<p>&quot;Our clients trust that Sotheby&#8217;s International Realty will be there to support their needs and provide high-quality service despite any market condition,&quot; said White. &quot;I continue to be inspired by the strength, resilience, and success of our network and look forward to closing out the year on a positive note.&quot;<\/p>\n<p><b>Sotheby&#8217;s International Realty <\/b><\/p>\n<p>Sotheby&#8217;s International Realty was founded in 1976 as a real estate service for discerning clients of Sotheby&#8217;s auction house. Today, the company&#8217;s global footprint spans approximately 1,000 offices located in 72 countries and territories worldwide, including 45 company-owned brokerage offices in key metropolitan and resort markets. In <span class=\"xn-chron\">February 2004<\/span>, Realogy entered a long-term strategic alliance with Sotheby&#8217;s, the operator of the auction house. The agreement provided for the licensing of the Sotheby&#8217;s International Realty name and the development of a franchise system. The franchise system is comprised of an affiliate network, where each office is independently owned and operated. Sotheby&#8217;s International Realty supports its affiliates and agents with a host of operational, marketing, recruiting, educational and business development resources. Affiliates and agents also benefit from an association with the venerable Sotheby&#8217;s auction house, established in 1744. For more information, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2976320-1&amp;h=2208234301&amp;u=http%3A%2F%2Fwww.sothebysrealty.com%2F&amp;a=www.sothebysrealty.com\" rel=\"nofollow noopener\">www.sothebysrealty.com<\/a>. &nbsp;<\/p>\n<p>The affiliate network is operated by Sotheby&#8217;s International Realty Affiliates LLC, and the company owned brokerages are operated by Sotheby&#8217;s International Realty, Inc.&nbsp; Both entities are subsidiaries of Realogy Holdings Corp. (NYSE: RLGY) a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. Both Sotheby&#8217;s International Realty Affiliates LLC and Sotheby&#8217;s International Realty, Inc. fully support the principles of the Fair Housing Act and the Equal Opportunity Act.<\/p>\n<p><b>CONTACT<br \/><\/b><span class=\"xn-person\">Melissa Couch<\/span><br \/>PR Manager<br \/>Sotheby&#8217;s International Realty <br \/>973-407-6142<br \/><a target=\"_blank\" href=\"mailto:melissa.couch@sothebysrealty.com\" rel=\"nofollow noopener\">melissa.couch@sothebysrealty.com<\/a>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<p>\n                        <a href=\"https:\/\/mma.prnewswire.com\/media\/452508\/SOTHEBY%27S_INTERNATIONAL_REALTY_LOGO.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/452508\/SOTHEBY%27S_INTERNATIONAL_REALTY_LOGO.jpg\" title=\"Sotheby's International Realty logo. (PRNewsFoto\/Sotheby's International Realty) (PRNewsfoto\/Sotheby's International Realty)\" alt=\"Sotheby's International Realty logo. (PRNewsFoto\/Sotheby's International Realty) (PRNewsfoto\/Sotheby's International Realty)\"\/><br \/>\n                        <\/a>\n                <\/p>\n<\/div>\n<p>SOURCE  Sotheby&#8217;s International Realty<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY86079&amp;Transmission_Id=202011100903PR_NEWS_USPR_____NY86079&amp;DateId=20201110\" style=\"border:0px; width:1px; height:1px;\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Nov. 10, 2020 \/PRNewswire\/ &#8212;&nbsp;Sotheby&#8217;s International Realty&nbsp;is pleased to announce that its affiliated brokers and sales professionals achieved nearly $90 billion USD in U.S.&nbsp;sales volume during the first nine months of 2020, ending September 30th. The news comes during a year when many homebuyers and sellers evaluated their housing needs as a result [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-11685","post","type-post","status-publish","format-standard","hentry","category-sothebys-international-realty"],"_links":{"self":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/comments?post=11685"}],"version-history":[{"count":0,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11685\/revisions"}],"wp:attachment":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/media?parent=11685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/categories?post=11685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/tags?post=11685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}