{"id":11696,"date":"2020-03-03T16:00:00","date_gmt":"2020-03-03T21:00:00","guid":{"rendered":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/sothebys-international-realty-achieves-record-114-billion-in-global-sales-volume-in-2019\/"},"modified":"2020-03-03T16:00:00","modified_gmt":"2020-03-03T21:00:00","slug":"sothebys-international-realty-achieves-record-114-billion-in-global-sales-volume-in-2019","status":"publish","type":"post","link":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/sothebys-international-realty-achieves-record-114-billion-in-global-sales-volume-in-2019\/","title":{"rendered":"Sotheby&#8217;s International Realty Achieves Record $114 Billion in Global Sales Volume in 2019"},"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><span class=\"xn-location\">MADISON, N.J.<\/span>, <span class=\"xn-chron\">March 3, 2020<\/span> \/PRNewswire\/ &#8212;&nbsp;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2736556-1&amp;h=272921624&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 more than $114&nbsp;billion USD in global&nbsp;sales volume, the highest annual U.S. sales volume performance in the history of the brand. <span class=\"xn-money\">$102 billion USD<\/span> of the&nbsp;global sales volume&nbsp;was achieved in the U.S., marking another record accomplishment for the brand.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\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<\/p><\/div>\n<p>&quot;In 2019, the Sotheby&#8217;s International Realty<sup>&reg;<\/sup> brand continued to achieve solid growth,&quot; said <span class=\"xn-person\">Philip White<\/span>, president and chief executive officer for Sotheby&#8217;s International Realty. &quot;The brand expanded into new countries and territories and entered new markets in the U.S. We continued to make strategic business decisions that benefitted both our independent sales associates and affiliate companies. I am immensely proud of the hard work and dedication from our vast global network, and I look forward to continuing this momentum in 2020.&quot;<\/p>\n<p><b>2019 Achievements<\/b><\/p>\n<p>Propelled by a strategic business move in <span class=\"xn-chron\">March 2019<\/span>, when Sotheby&#8217;s International Realty integrated its affiliate network and company-owned brokerage into one global organization,&nbsp;50 new <i>Sotheby&#8217;s International Realty<\/i> offices were opened, bringing the brand&#8217;s presence to 1,000 offices&nbsp;in 70 countries and territories and more than 23,000&nbsp;affiliated sales associates&nbsp;worldwide. <\/p>\n<p>Sotheby&#8217;s International Realty continued to lead the category with the roll-out of exclusive marketing affiliations and first-ever technology launches, announcing it will soon unveil a new, fully integrated website. The brand&#8217;s existing website, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2736556-1&amp;h=3910150335&amp;u=http%3A%2F%2Fwww.sothebysrealty.com%2F&amp;a=sothebysrealty.com\" rel=\"nofollow noopener\">sothebysrealty.com<\/a>, saw another record year with more than 34 million visits, a 14 percent increase year-over-year. In addition, Sotheby&#8217;s International Realty was the first real estate brand to launch and implement mixed reality to its <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2736556-1&amp;h=787719997&amp;u=https%3A%2F%2Fwww.sothebysrealty.com%2Feng%2Fcurate&amp;a=Curate+by+Sotheby%27s+International+Realty\" rel=\"nofollow noopener\">Curate by Sotheby&#8217;s International Realty<\/a><sup>sm<\/sup>&nbsp;augmented reality app, which merges the real world with virtual home staging. The platform can be utilized in various homebuying and selling scenarios, and particularly <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2736556-1&amp;h=3741137548&amp;u=https%3A%2F%2Fwww.nytimes.com%2F2019%2F11%2F08%2Frealestate%2Fhow-virtual-reality-is-augmenting-realty.html%3FsearchResultPosition%3D3&amp;a=benefits+agents+and+developers\" rel=\"nofollow noopener\">benefits agents and developers<\/a>&nbsp;to help prospective buyers envision their new home. To support the daily business needs of the network&#8217;s more than 23,000 independent sales associates, the brand unveiled <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2736556-1&amp;h=2676429381&amp;u=https%3A%2F%2Fwww.prnewswire.com%2Fnews-releases%2Fsothebys-international-realty-unveils-marketing-suite-for-more-than-23-000-sales-associates-300940371.html&amp;a=Current+by+Sotheby%27s+International+Realty\" rel=\"nofollow noopener\">Current by Sotheby&#8217;s International Realty<\/a><sup>&reg; <\/sup>a robust marketing suite of technology tools consisting of best-in-class and exclusive apps, which provide sales associates with a distinctive and competitive edge in the market. For partnerships, the brand entered into an affiliation with Bloomberg.com as the exclusive launch sponsor for a new <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2736556-1&amp;h=1036069530&amp;u=https%3A%2F%2Fwww.bloomberg.com%2Fpursuits%2Fproperty-listings%2F&amp;a=luxury+properties+marketplace\" rel=\"nofollow noopener\">luxury properties marketplace<\/a>. <\/p>\n<p>The <i>Sotheby&#8217;s International Realty<\/i> brand and its independent sales associates continued its support for <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2736556-1&amp;h=135553395&amp;u=https%3A%2F%2Fwww.sothebysrealty.com%2Feng%2Fnewstory&amp;a=New+Story\" rel=\"nofollow noopener\">New Story<\/a>, the brand&#8217;s charitable partner and a certified 501(c)(3) non-profit organization. As a result, 83 families, who were among those who lost their homes in the 2017 earthquakes, were able to move into their new homes in Morelos, Mexico. A total of 153 homes in Haiti and Mexico were funded through the initiative.<\/p>\n<p><b>Global Growth <\/b><\/p>\n<p>This year observed significant growth for the brand&#8217;s existing affiliate companies in <span class=\"xn-location\">the United States<\/span> through recruitment efforts and strategic mergers and acquisitions. Most notably, the brand increased its market presence in <span class=\"xn-location\">Brooklyn, New York<\/span>; the <span class=\"xn-location\">Greater Boston<\/span> area, <span class=\"xn-location\">Massachusetts<\/span>; and <span class=\"xn-location\">Indiana<\/span>. The brand also entered several new key markets last year, expanding the <i>Sotheby&#8217;s International Realty <\/i>network&#8217;s presence to 43 states across the country.<\/p>\n<p>Outside the U.S. the <i>Sotheby&#8217;s International Realty<\/i> brand achieved more than <span class=\"xn-money\">$12 billion USD<\/span> in sales volume and continued to expand into key markets around the world. In <span class=\"xn-location\">Europe<\/span>, the brand grew its presence in <span class=\"xn-location\">Monaco<\/span>; <span class=\"xn-location\">France<\/span>; and <span class=\"xn-location\">Berlin<\/span> and Binz, <span class=\"xn-location\">Germany<\/span>. New offices were also opened in <span class=\"xn-location\">Doha, Qatar<\/span>; and Paphos, <span class=\"xn-location\">Cyprus<\/span>, expanding the brand&#8217;s global presence in marketing luxury listings.&nbsp;In the <span class=\"xn-location\">Caribbean<\/span> and <span class=\"xn-location\">South America<\/span>, the brand saw growth in Zapallar, <span class=\"xn-location\">Chile<\/span>, an upscale residential community located two hours outside of <span class=\"xn-location\">Santiago<\/span>; and agreements were signed to expand into the <span class=\"xn-location\">Anguilla<\/span> territory. In the <span class=\"xn-location\">Asia-Pacific<\/span> region, new offices were opened in Tauranga, <span class=\"xn-location\">New Zealand<\/span>; and Port Douglas, <span class=\"xn-location\">Hobart<\/span>, and <span class=\"xn-location\">Perth, Australia<\/span>.<\/p>\n<p><b>About 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 1,000 offices located in 70 countries and territories worldwide, including 44&nbsp;company-owned brokerage offices in key metropolitan and resort markets. In <span class=\"xn-chron\">February 2004<\/span>, Realogy entered into 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=2736556-1&amp;h=363369700&amp;u=http%3A%2F%2Fwww.sothebysrealty.com%2F&amp;a=www.sothebysrealty.com\" rel=\"nofollow noopener\">www.sothebysrealty.com<\/a>. <\/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<\/b><\/p>\n<p><span class=\"xn-person\">Melissa Couch<\/span><br \/>PR Manager<br \/>Sotheby&#8217;s International Realty Affiliates LLC<br \/>973-407-6142<br \/><a target=\"_blank\" href=\"mailto:melissa.couch@sothebysrealty.com\" rel=\"nofollow noopener\">melissa.couch@sothebysrealty.com<\/a> <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\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=NY36501&amp;Transmission_Id=202003031100PR_NEWS_USPR_____NY36501&amp;DateId=20200303\" style=\"border:0px; width:1px; height:1px;\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MADISON, N.J., March 3, 2020 \/PRNewswire\/ &#8212;&nbsp;Sotheby&#8217;s International Realty&nbsp;is pleased to announce that its affiliated brokers and sales professionals achieved more than $114&nbsp;billion USD in global&nbsp;sales volume, the highest annual U.S. sales volume performance in the history of the brand. $102 billion USD of the&nbsp;global sales volume&nbsp;was achieved in the U.S., marking another record accomplishment [&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-11696","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\/11696","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=11696"}],"version-history":[{"count":0,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11696\/revisions"}],"wp:attachment":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/media?parent=11696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/categories?post=11696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/tags?post=11696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}