NOVEMBER 2024 HOUSING MARKET UPDATE
December 2, 2024 Supply on the rise, but not across all price ranges As we transition into winter, Calgary's housing market is following ...
READ POSTBlogging has not been my strength and so this is officially a work in progress. I have some big plans for the blogging page in the foreseeable future so I ask for your patience as I venture into this side.
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CNBC broke the news this morning that for 2016, the Sotheby’s International Realty Affiliates LLC affiliated brokers and sales professionals achieved approximately $95 billion in global sales volume, the highest annual sales volume performance in the history of the brand, driven largely by a brand record of over 127,000 transactions.
“During a year when the words “slowdown” and “slump” were used to describe the luxury housing market, 2016 turned out to be a banner year for Sotheby’s International Realty.” – CNBC
Global Growth
The Sotheby’s International Realty® brand also reported growth across its global network, which now encompasses nearly 70 countries and territories worldwide. At year-end, the network totaled 880 offices and more than 20,000 sales associates.
Outside the United States, the Sotheby’s International Realty brand achieved $10 billion in sales volume in 2016 and continued to expand into key markets. The brand saw continued growth in Europe, entering the countries of Austria, Croatia, Slovakia, Slovenia and Montenegro. The brand also expanded in the Asia-Pacific region through affiliations in Fiji and Shanghai and continued to grow in Hong Kong and greater Thailand. Finally, the brand expanded its presence in the Caribbean with the addition of affiliates in Roatan and St. Vincent & the Grenadines.
In the United States, the Sotheby’s International Realty brand achieved $85 billion in sales volume in 2016 and also added seven independently owned and operated residential real estate firms as well as 45 new offices to its network across the country. This past year witnessed continued significant growth by existing affiliate companies through talent attraction and mergers and acquisitions, most notably increasing the brand’s market presence in Lexington and Concord, Massachusetts, throughout southern Rhode Island and on the island of Kauai, Hawaii. The brand also entered several key new markets last year, namely: Gulf Shores, Alabama; Pittsburgh, Pennsylvania; and Virginia Beach, Virginia.
Innovative Technology
The Sotheby’s International Realty brand was at the forefront of interactive technology in 2016 with the introduction of 3D Tours with Virtual Reality capability on sothebysrealty.com. Additionally, the site saw the most traffic in its history with nearly 22 million visits, a 54% increase year-over-year.
The brand also launched the first luxury real estate app for Apple TV, featuring professionally curated high-resolution photography and high-definition video giving consumers the opportunity to explore homes on a screen larger than ever before. An alliance with Juwai.com was launched in 2016 that gives the Sotheby’s International Realty network an edge to generate Chinese homebuyer interest on one of the world’s most prominent real estate websites with over two million monthly visitors. As a truly international brand, Sotheby’s International Realty has the most global representation on Juwai.com, displaying luxury listings from 66 countries and territories.
“CEO Philip White told CNBC in a recent interview that Sotheby’s makes “the consumer the real focus, and that’s important when you do business in the luxury space. We made a decision early on to provide the consumer a high level of exceptional service and true global exposure.”‘- CNBC
The Sotheby’s International Realty brand was the No. 1 real estate company represented in two of the six categories that comprise the annual REAL Trends/The Wall Street Journal “Top Thousand” report. The Sotheby’s International Realty brand claimed 45 of the top 250 sales associates in the Individual Sales Volume category, more than any other real estate company. The brand also had the highest combined individual sales volume from sales associates in the same category. In addition, the Sotheby’s International Realty brand had the most individuals represented in the Individual Average Sales Price category, holding 17 of the top 50 spots (34%), further establishing the strength of the Sotheby’s International Realty brand as a leader in luxury real estate sales.
SOTHEBY'S: THE BRAND
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2017 ROAR AWARD NOMINATION
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This month, I have been honored to have been nominated for the Mentorship Distinction ROAR Award.Last year, I dedicated special attention to sharing my experience and knowledge with a newly minted realtor who joined our SIRC team. Not only did she have a successful year by any account, but she outperformed the local, provincial and national sales standards by substantial margins. I won't take credit for her great success, but was very proud and humbled to offer critical insight along the way in order to ensure her success.The mentorship process taught me a lot along the way, and I will look forward to the rewarding process again in the near future.The ROAR Awards were developed for REALTORS®, by REALTORS®, to recognize those who demonstrate role model-caliber performance in specific areas of real estate.These awards provide a unique opportunity to celebrate the exceptional talent and hard work of Calgary and area REALTORS®. They recognize REALTORS® for their professionalism, excellence and dedication to their careers, mentorship, and how they contribute to their communities.These prestigious awards identify each recipient as a true professional, with qualities to which all REALTORS® can aspire. |
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Calgary and area REALTORS®, as well as members of the public,
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This is the second time in my career that I have been nominated in a category. I am so honored to have the privilege of working with amazing clients, friends and colleagues. I hope to make you all proud!
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NEW CMHC MORTGAGE RULES START MARCH 17th
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Homeowner mortgage loan insurance premiums are changing as of March 17. For the average CMHC-insured homebuyer, this means an increase of around $5 to your monthly mortgage payments.
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December 2, 2024 Supply on the rise, but not across all price ranges As we transition into winter, Calgary's ...
Supply levels improving for higher-priced homes November 1, 2024 Sales and Price Range Dynamics | Sales ...