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Sothebys International Realty

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Sotheby’s International Realty Achieves Historic Year With Record $204 Billion In Global Sales Volume

Sotheby’s International Realty is pleased to announce that its global network achieved a record US$204 billion in 2021 global sales volume, a 36% increase in sales growth year over year, as U.S. cities saw a resurgence of interest following the pandemic and sales activity in secondary and resort markets around the world remained strong. The brand’s U.S. sales volume grew by 33.8% year over year, significantly outpacing NAR’s national increase of 20.6% from the prior year,¹ underscoring the brand’s leadership in the high-end market.

“Real estate proved to be a hot investment in 2021,” said Philip White, president and CEO of Sotheby’s International Realty. “Once again, agents affiliated with Sotheby’s International Realty outperformed the industry average and achieved record-breaking home sales as buyers continued to depend on their trusted expertise to navigate a constrained market.”

Reinvigorated Interest in Cities and Continued Strength in Secondary Markets Fueled Sales

The Sotheby’s International Realty® brand’s existing presence in major metropolitan and resort markets around the world ensured the brand was well-prepared to meet the renewed interest in cities and the sustained boom of secondary home markets.

Interest in U.S. cities such as New York, Miami, San Francisco, and Austin returned to pre-pandemic levels and helped trigger record-breaking sales. Other U.S. cities, such as Atlanta, Houston, and Los Angeles, also saw strong performances in 2021.

With remote and hybrid work models influencing buyer behavior in 2021, secondary markets and resort areas continued to produce high demand and increased prices. In the U.S., areas such as Florida, Hawaii, and Colorado saw record performances. Globally, second home markets in Australia, Spain, and Switzerland and resort areas in the Bahamas, Cayman Islands, Turks & Caicos, and Puerto Rico achieved notable growth and record sales.

As buyers continued to prioritize properties that offered more space and land, states with no income tax such as Florida, Texas, and Wyoming offered added appeal, while the Bahamas, Cayman Islands, Switzerland, Hong Kong, and Singapore remained popular for their favorable tax structures and saw significant gains.

An Award-Winning Year for the Brand’s Innovative Technology and Offerings

Sotheby’s International Realty continued to lead the industry with its technology and marketing efforts. Sothebysrealty.com saw more than 46 million visitors in 2021, a 25% increase year-over-year and the most visits to the website in its history. The site was also named Best Real Estate Website in the People’s Choice Category in the 25th Annual Webby Awards, recognizing the brand’s efforts to introduce translations in 14 languages, nearly 60 currency conversions, and a mobile-first approach to emphasize the method in which today’s clients are buying and selling homes.

Property videos, which exploded in popularity during the 2020 lockdown, have continued to trend as more buyers start the initial viewing process online. Videos produced by Sotheby’s International Realty agents were played nearly 90 million times – a 50% increase year-over-year.

Sotheby’s International Realty was also awarded the honor of 2021 Top Luxury Brokerage by Inman, the industry’s leading source of real estate information. The prestigious award is a testament to the brand’s achievements in luxury marketing, record-breaking sales, and high-quality service.

“Buyers continue to rely on virtual technology to make their homebuying process more convenient,” said Chief Marketing Officer, Bradley Nelson. “As a brand, we have always sought out to establish the highest standard for marketing luxury properties and I am proud that our marketing and technology investments have been recognized as the ‘best’ in the industry in 2021.”

Fortifying a Strong Network with Global Growth

During another record year, Sotheby’s International Realty continued to strategically expand its presence around the world. In 2021, the brand opened 86 new offices, bringing the brand’s total presence to more than 1,000 offices in 79 countries and territories with more than 25,000 independent sales associates worldwide.

“Sotheby’s International Realty continued to expand internationally in key markets,” said Tammy Fahmi, senior vice president of global servicing and strategy for Sotheby’s International Realty. “In 2021, the brand opened offices in five new territories and our international sales volume grew by 56% year over year. Our global presence is a draw for our agents and clients, and we continue to evaluate markets that will support our strategic growth.”

In the EMEIA region, the brand expanded to Oman and Morocco and opened three new offices in the Swiss Alps region. In the Caribbean and Latin American region, the brand opened new offices in Jamaica and St. Kitts & Nevis during a boom of Caribbean interest.

As affluent individuals looked to purchase homes in a market with limited inventory, Sotheby’s International Realty agents acted as true global real estate advisors. Referral sales volume within the brand’s global network increased by nearly 80% year over year and the average sales price of these referrals increased by 21% year over year.

“Our ability to produce another historic year amid record demand and low inventory shows beyond a doubt that Sotheby’s International Realty agents are resourceful, committed, and informed to meet and exceed the needs of their clients,” concluded White.

Sotheby's International Realty

Sotheby’s International Realty® Brand Expands Presence In Texas

Sotheby’s International Realty today announced that Staples Property Group LLC & Lake Palestine Real Estate, Inc. have joined the network and will now operate as Staples Sotheby’s International Realty. The addition marks the brand’s continued growth in the United States and its 25th office in the state of Texas.

Headquartered in the city of Tyler, Staples Sotheby’s International Realty will have three offices to service the areas of Tyler, Lake Palestine, and Palestine, Texas. The firm is owned and operated by Dana Staples, who brings 16 years of experience to the company.

“Known as the Rose Capital of America, the city of Tyler is making a name for itself,” said Philip White, president and CEO, Sotheby’s International Realty. “As we saw throughout the pandemic, buyers are continuously flocking to new markets in search of space, natural beauty, and lifestyle interests. The region is seeing increased interest from urban cities and Western states looking for a more relaxing pace of life. Dana and her team bring a well-rounded background to the brand, and I look forward to welcoming Staples Sotheby’s International Realty to the network and our continued expansion in Texas.”

“Many say Eastern Texas is a hidden treasure, and I must admit that I agree,” said Staples. “Tyler is truly a place where small town charm meets big city culture and with the growing interest in our region, it was important for us to align ourselves with a real estate company that mirrors our unwavering commitment to our clients. Our affiliation with Sotheby’s International Realty permits us to provide the best possible experience for our buyers and sellers and gives us the support we need to further expand our presence in the region.”

The company currently has 15 sales associates with plans for continued growth and is actively involved in the community supporting various local initiatives.

The Sotheby’s International Realty® network currently has nearly 25,000 affiliated independent sales associates located in over 1,000 offices in 77 countries and territories worldwide. Staples Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

Sotheby's International Realty

Sotheby’s International Realty Expands Presence In Switzerland

Sotheby’s International Realty today announced that Steiger & Cie Sotheby’s International Realty has joined the network. The addition marks the brand’s continued growth in Europe and marks nearly 200 affiliated offices in the EMEIA region.

The firm, led by Florian Steiger in partnership with Oliver Herweg and Nicholas Koch, will operate in Verbier, Crans-Montana, and Zermatt, Switzerland. The region is famous for skiing, its breathtaking views, beneficial tax structures, and political stability.

View their listings in ZermattVerbier, and Crans.

Damianos Sotheby's International Realty

JANINE CAREY JOINS DAMIANOS SOTHEBY’S INTERNATIONAL REALTY AS AN ESTATE AGENT

NASSAU, The Bahamas (November 22, 2021) — George Damianos, Chief Executive Officer for Damianos Sotheby’s International Realty, and Lana Rademaker, Chief Brokerage Officer, are pleased to announce the addition of  Janine Carey to the sales team in Nassau.

“Between the accelerated rate of business this year and our firm’s well-established reputation as a market leader and a company which offers significant growth opportunities, we’ve attracted some very high-caliber agents so far this year, and Janine is no exception,” said Rademaker.

A longstanding member of the professional community in Nassau, Carey has been an entrepreneur and business owner on New Providence for more than 15 years with a significant portion of that career spent in health and wellness.

 “Utilizing my combined background in business, healthcare, and wellness, I approach my real estate business from a holistic perspective, focusing on homes and environments that offer my clients a sense of balance, well-being, and a healthy lifestyle, whatever that may mean for each individual,” Carey said.

In addition to her established success in building businesses and nurturing long-term client relationships, Carey has lived in five different countries including the U.S., Canada, Spain and Germany picking up a passion for cultural diversity along the way.

“Living in a variety of places has allowed me to experience the full evolution of moving to a new country and building a new life in many different environments—from renting in cities, to living on sustainable off-the-grid eco farms and homes—and I’ve found that each place requires its own unique version of immersion and local knowledge,” Carey said. “I know what it feels like to move to another country and start from scratch, finding dentists, doctors, a  local network and a community of like-minded people, so I truly enjoy leaning on my own relocation experiences to benefit my clients as they navigate their new lives in The Bahamas.”

“Janine’s entrepreneurial background, strong community ties and proven dedication to excellence in client service make her a valuable addition to our team,” Rademaker said. “And with her diverse base of clients, she’s well-positioned to thrive in the global network that defines Sotheby’s International Realty as a brand.”

Damianos Sotheby’s International Realty has been an industry leader since 1945 specializing in the listing, marketing and sale of luxury and waterfront properties. With eight offices throughout The Bahamas, Damianos Sotheby’s International Realty boasts the most experienced and successful team of real estate professionals, consistently ranking among the top producers in The Bahamas real estate industry.

About Damianos Sotheby’s International Realty

Damianos Sotheby’s International Realty has eight offices located throughout the islands of the Bahamas, providing unsurpassed market knowledge of Abaco, Eleuthera, Harbour Island, Exuma, Nassau, Paradise Island, Ocean Club Estates, Lyford Cay, Old Fort Bay, Albany, and Private Islands. Head office 75 Shirley Street, Nassau. For additional information, please contact 242-322-2305 or info@SIRbahamas.com.

About Sotheby’s International Realty

The Sotheby’s International Realty network currently has approximately 24,000 affiliated independent sales associates located in over 1,000 offices in 75 countries and territories worldwide.  Each office is independently owned and operated.

Sotheby's International Realty

Sotheby’s International Realty Inducted Into The Prestigious Inman Golden I Club

First seen on Realogics Sotheby’s International Realty Blog

In its second year, Inman has announced the honorees of the Golden I, and Sotheby’s International Realty has taken home the top prize.

Hailed as the top honor in luxury real estate, the Golden I is awarded to the top luxury agents and brokers and the most innovative luxury home and new development marketing campaign of the past year, as well as the top luxury deals in cities, beaches, and mountains.

The Golden I Club recognizes real estate professionals from Sotheby’s International Realty as they consistently push the boundaries of what’s possible in the industry, from cutting-edge marketing, trailblazing technology, record-breaking sales, and the high-quality service that defines our extraordinary brand.

“Thank you Inman News for recognizing what I’ve known of the last dozen years: the agents at Sotheby’s International Realty are truly the best,” said Sotheby’s International Realty Chief Marketing Officer Bradley Nelson via Twitter. “Honored to be recognized as the top luxury brokerage.”

The brand was inducted into the Golden I Club at the Inman Luxury Connect conference, following two months of voting and 300 nominations.

Sotheby's International Realty

Sotheby’s International Realty Opens First Office In Bulgaria

Sotheby’s International Realty today announced that Iris Estates has joined the network and will now operate as Bulgaria Sotheby’s International Realty. The addition marks the brand’s continued growth in Europe and marks nearly 200 affiliated offices in the EMEIA region.

Bulgaria Sotheby’s International Realty is owned and operated by Hristo Angelkov in partnership with Andrei Manoukovski. The team brings more than 50 years of combined experience to the company, which is headquartered in the city of Sofia. The company will have two offices and will service the entire country.

“Bulgaria is an emerging market and is an attractive destination for residential developments, making it appealing for global investors,” said Philip White, president and CEO, Sotheby’s International Realty. “The country is seeing positive momentum, offers attractive prices, and is situated between major cities in Europe, Asia, and Africa. The luxury segment is well-positioned in the market, and I look forward to supporting Hristo and the entire Bulgaria Sotheby’s International Realty team as they continue to service the country.”

“As a leader in luxury residential real estate in Bulgaria, it was only natural for us to align with a brand like Sotheby’s International Realty,” said Angelkov. “From the beginning, our company focused on luxury and residential real estate and provided high-quality services to expats and diplomats. Due to the draw of investment opportunities, we expect to receive increased interest from other Western European countries and the Middle East from both investors and individuals alike. Our affiliation with Sotheby’s International Realty enables us to meet and exceed the needs of our clients while presenting these prospects to a global audience.”

The office currently has several sales associates supporting the region with plans for continued growth. The region offers a variety of lifestyle interests including skiing, golf resorts in the mountains and on the Black Sea coast, winter and summer resorts, and is an up-and-coming spa destination.

Manoukovski also successfully owns Moscow Sotheby’s International Realty, which services Russia, Cyprus, Kazakhstan, Hungary, and Slovenia, and has been operating for more than 10 years.

The Sotheby’s International Realty® network currently has more than 24,000 affiliated independent sales associates located in approximately 1,000 offices in 75 countries and territories worldwide. Bulgaria Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

Sotheby's International Realty

Sotheby’s International Realty Opens First Office In Jamaica

Sotheby’s International Realty today announced that Reside Realty Ltd. has joined the network and will now operate as Jamaica Sotheby’s International Realty. The addition marks the brand’s continued growth in the Caribbean and comes at a time of increased interest in secondary and resort markets. The addition follows the brand’s recent expansion into St. Kitts & Nevis and marks its 30th affiliated office in the Caribbean.

Jamaica Sotheby’s International Realty is owned and operated by Julian Dixon and Alexander Melville who bring a collective 27 years of experience to the company. The office will be headquartered in the city of Kingston and will service the surrounding island including St. Andrew, Montego Bay, Ocho Rios, and more.

“Jamaica offers a diverse luxury lifestyle which appeals to a wide variety of buyers,” said Philip White, president and CEO, Sotheby’s International Realty. “In recent years, closed transactions have seen steady growth and new construction is booming on the island. The Jamaican market has historically appreciated year-after-year with interest from domestic and international interest in North America, Europe, Canada, and most recently the Middle East, motivated by the island’s many opportunities and its tourism sector. I want to welcome Julian and her team to the network and look forward to working together to support the island.”

“Jamaica is famous for the tag line ‘no problem’ and this is true of the culture and lifestyle,” said Dixon. “I have always admired the Sotheby’s International Realty brand and their philosophy towards client satisfaction connects with our culture and mission. The island offers promise to buyers seeking opportunities through business ventures, vacation homes, retirement, and income-earning properties. Our affiliation with Sotheby’s International Realty will be the first of its kind on the island and will bring value, excitement, and global recognition to our market.”

The office currently has several sales associates supporting the island with plans for continued growth.

The Sotheby’s International Realty® network currently has more than 24,000 affiliated independent sales associates located in approximately 1,000 offices in 75 countries and territories worldwide. Jamaica Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

Sotheby's International Realty

Sotheby’s International Realty Opens First Office In Morocco

First seen on the Sotheby’s International Realty Blog

Sotheby’s International Realty today announced the opening of Morocco Sotheby’s International Realty, signifying the brand’s first office in Northern Africa. The addition brings the brand’s total number of affiliated offices in the EMEIA region to nearly 200.

Morocco Sotheby’s International Realty is owned and operated by David Chicard who brings 15 years of experience to the company. The office is located in the city of Marrakech and will service the surrounding region, with plans for future expansion in Essaouira, Tangier, and Rabat. The office will be led by Nicolas Beguin, who has lived in Moroccofor almost 20 years.

“Morocco offers a stable and inviting environment for global investors,” said Philip White, president and CEO, Sotheby’s International Realty. “The country attracts interest from Americans, Middle Easterners, and investors due to its proximity to Western Europe and Marrakech is a promising international city with a growing high-end segment. I am encouraged by our continued expansion and greatly look forward to supporting the Morocco Sotheby’s International Realty team.” 

“Morocco has something for every buyer,” said Chicard. “The region offers a cost-effective alternative to Europe and possesses a variety of highly coveted properties that suit buyer interests including villas for those looking to align their living situations with golf and riads located in the historic heart of the city. My industry experience and our affiliation with Sotheby’s International Realty further enables us to grow our business in the country, and on a global scale, while catering to the needs of our buyers and sellers.”

Chicard also successfully owns and operates three Sotheby’s International Realty® affiliated offices in Belgium, which have been operating since 2014 and generated a total sales volume of US$226M in 2020.  

The Sotheby’s International Realty® network currently has more than 24,000 affiliated independent sales associates located in approximately 1,000 offices in 75 countries and territories worldwide. Morocco Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

Damianos Sotheby's International Realty

Damianos Sotheby’s International Realty Celebrates The Opening Of New Flagship Office At Windsor Business Park

NASSAU, The Bahamas (September 1, 2021) — George Damianos, Chief Executive Officer for Damianos Sotheby’s International Realty, and Lana Rademaker, Chief Brokerage Officer, are pleased to announce that the headquarters for Damianos Sotheby’s International Realty, one of the pioneering companies in the downtown business district of Nassau in the 1940s, has relocated to its new home just west of the Lynden Pindling International Airport in Windsor Business Park.

The team of 20 expert brokers and agents operating out of Damianos Sotheby’s new flagship office is led by Chief Brokerage Officer and co-owner, Lana Rademaker.

“Our Shirley Street office served us well for over seven decades, and we are proud to have been a part of the downtown business corridor for so long,” said Rademaker. “But our sales and marketing team has grown so significantly over the past few years that we found we were outgrowing that space. Creating an inviting and collaborative environment that comfortably accommodates our team yet allows for future growth guided our design strategy. We are excited for our office to once again become a hub for business activity that draws in our clients and encourages them to engage with our sales agents.”

In addition to providing more space for team members to convene, the newly built-out 5,000-sq. ft. headquarters provides Damianos Sotheby’s International Realty agents with the opportunity to better serve their clients as well as the thriving communities around New Providence.

“When we set out to identify our new location, we did so very mindfully,” Rademaker said. “Our goal was not only to build a modern new head office, but to create a second home for our team members that would encourage gathering, professional development and the cultivation of relationships both internally and externally.  Investing in an environment that inspires career advancement and peak performance is what defines our corporate culture. This is the legacy upon which this company was built, and it’s what sets us apart from our competitors.”

The Damianos Sotheby’s International Realty team of sales associates prides itself on setting the standard of excellence through innovative marketing, personalized service and local expertise.  Founded in 1945, the company remains steadfast in upholding its core values of integrity,  transparency and the curation of long-term relationships based on a high standard of ethics. With 8 offices throughout The Bahamas, Damianos Sotheby’s International Realty boasts the most experienced and successful team of real estate professionals, consistently ranking among the top producers in The Bahamas real estate industry.

About Damianos Sotheby’s International Realty

Damianos Sotheby’s International Realty has 8 offices located throughout the islands of the Bahamas, providing unsurpassed market knowledge of Abaco, Eleuthera, Harbour Island, Exuma, Nassau, Paradise Island, Ocean Club Estates, Lyford Cay, Old Fort Bay, Albany and Private Islands. Head office Windsor Business Park, Windsor Field Road. For additional information, please contact 242-322-2305 or Info@SIRbahamas.com.

About Sotheby’s International Realty

The Sotheby’s International Realty network currently has approximately 22,700 affiliated independent sales associates located in over 1,000 offices in 72 countries and territories worldwide.  Each office is independently owned and operated.

Damianos Sotheby's International Realty

Introducing The Baha Mar Residences Specialists

Bahamas Sotheby’s International Realty, a subsidiary of Damianos Sotheby’s International Realty, has been selected to exclusively represent Baha Mar Residences, the only Caribbean residential ownership project featuring impeccable turnkey residences by two acclaimed hotel brands: Rosewood Hotels & Resorts and SLS Baha Mar. We are honored to represent these extraordinary properties and iconic hotel brands.

Baha Mar has created an exceptional destination and we take great pride in showcasing the exclusive Rosewood Baha Mar and SLS Baha Mar Residences across international markets. The Residences at Baha Mar offer the ideal lifestyle experience for homeowners seeking the privacy of a luxury home paired with the amenities of a world-class resort destination. Baha Mar provides residential owners with access to a wide range of on-site amenities, including Royal Blue, the Jack Nicklaus championship golf course, tennis at Baha Mar Racquet Club and spa services at ESPA, along with a wide variety of signature culinary experiences and Baha Bay, a newly opened state-of-the-art beachfront waterpark. These amenities paired with the resort’s rental program make ownership at Baha Mar even more attractive for clients looking for a luxury live-work-play lifestyle.

Bahamas Sotheby’s International Realty launched its residential sales in Spring 2021 which coincided with the reopening of the Rosewood Baha Mar & SLS Baha Mar. Demand for the unprecedented service, extraordinary amenities and unique elegant lifestyle offered only to residential owners at Baha Mar is highlighted by growing sales momentum. The strength of the Sotheby’s International Realty global network combined with our robust proprietary marketing platform and local professional expertise uniquely positions our sales specialists to serve our clients in the most seamless, technologically advanced method currently available in our industry.

Our Baha Mar Sales Specialists are located in The Residences Sales Gallery adjacent to Sugar Factory at the Baha Mar Rotunda Shops.