Sotheby's International Realty® Achieves Record-Breaking Sales in 2018
Sotheby’s International Realty Affiliates LLC compiled numbers for 2018 and reported that its affiliated brokerages and sales professionals reached a record-breaking $112 billion+ USD in global sales volume in 2018: the highest sales volume ever reported by the brand. There were also 27 franchise offices that reported a sales volume of $1 billion USD or above (Realogics Sotheby’s International Realty included).
As Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates said in a statement, “Experts predicted that 2018 would be a slow year for the global real estate market. Despite the forecast, our talented affiliate companies and their sales associates continued to perform at the top of their game to drive a year-over-year sales volume increase that is truly remarkable. We are going to keep the momentum going in 2010 and we will continue to empower the Sotheby’s International Realty network by offering innovative products, tools, and research to provide best-in-class service.”
At the end of 2018, the Sotheby’s International Realty network had grown to over 990 office in 72 countries and territories with more than 22,500 sales associates. Affiliates within the United States achieved over $100 billion USD in sales, while sales outside of the United States topped $12 billion.
The brand also saw a record 30 million website visits in 2018, an increase of 13 percent compared to 2017 numbers. The top searches in the United States were New York, New York; Malibu, California; and Los Angeles, California; while worldwide top searchers included London, United Kingdom; Paris France; Dubai, United Arab Emirates; Lake Como, Italy; and Sydney, Australia.