Record sales for Sotheby's International Realty in 2019

by Steve Randall on 04 Mar 2020

Global real estate firm Sotheby’s International Realty has announced record sales for 2019.

The firm’s affiliates sold a total of $114 billion during the year – a new record – with the US accounting for $102 billion – another record. Both totals were helped by increased geographic reach.

"The brand expanded into new countries and territories and entered new markets in the US,” said Philip White, president and chief executive officer for Sotheby's International Realty. “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."

Combined business
Sotheby’s International Realty combined its affiliates network with its company-owned brokerages in 2019 and this helped expand the business with 50 new offices, taking the total to 1,000 across 70 countries.

The firm’s total global sales associates headcount was more than 23,000.

In the US, the firm’s network expanded to 43 states while elsewhere there were new affiliates in Europe, the Middle East, the Caribbean, South America, and Asia Pacific.



Post a Comment



Most Trending News

Is the Canadian housing market overvalued?
News

Wondering what an overvalued housing market could mean for Canadians and investors? It isn't all doom and gloom, but it's important to understand what can happen.

Read More
Immigration is key to a healthy construction industry
News

For decades, we have counted on trades from other countries to bring their skills and expertise to help build our homes and infrastructure.

Read More
US Land Border reopening presents investment opportunities for returning Canadians
News

The US-Canadian land border is finally set to reopen on Nov 8th, spurring many snowbirds to once again make plans to head south.

Read More