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Damianos Realty

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.

Damianos Sotheby's International Realty

DAMIANOS SOTHEBY’S INTERNATIONAL REALTY ANNOUNCES TOP PRODUCERS AND LISTING AGENTS FOR 2021

NASSAU, The Bahamas (January 11, 2022) — George Damianos, Chief Executive Officer for Damianos Sotheby’s International Realty, and Lana Rademaker, Chief Brokerage Officer, are pleased to announce the company’s top producers and listing agents for 2021.

Nick Damianos is the company’s overall Top Producer and Listing Agent for 2021. Mark Hussey is Top Producer and Top Listing Agent for the Nassau Sales Team and Bianca Aranha is the Top Producer of Bahamas Sotheby’s International Realty, the newly established Baha Mar-based subsidiary of Damianos Sotheby’s International Realty.  Awarded Top Producer and Top Listing Agent in Abaco is Christopher Albury. Jonathan Morris earned the title of Top Producer for the Eleuthera Sales Team and Angelika Bacchus is named the Top Listing Agent in the Eleuthera market.  

In addition to the brokerage’s top producers for each market, they announced their sales agents who received the Circle of Excellence Award. Recognized as the firm’s elite group of top performing sales agents for 2021, the Circle of Excellence Award went to Vanessa Ansell and Christopher Ansell of The Ansell Group, Samira Coleby, Monty Roberts, Craig Pinder and Christina Cunningham.

 “We attribute the history-making sales activity of 2021 to our outstanding sales team whose expertise and commitment to deliver maximum results to our clients differentiates them as the leaders in the luxury real estate markets throughout the Bahamas,” Rademaker said.

Rademaker added that Damianos Sotheby’s International Realty has experienced a 400% increase in sales volume over 2020 and a record-setting value of $1.1 billion in properties listed for sale.

Top Producer Nick Damianos emphasizes Sotheby’s International Realty’s global marketing reach and cutting-edge tools as key differentiators which give Damianos Sotheby’s International Realty an advantage over competitors, particularly when real estate activity reaches never-before-seen levels.

Sotheby’s International Realty’s support infrastructure, global referral network and proprietary marketing platforms have been in place for years, which allowed us to seamlessly scale up operations as market activity increased exponentially,” he said. “After a year of stifled travel and activity in 2020, the key challenge in 2021 was to adequately escalate service across our entire archipelago and with the help of an incredible support team, we were able to meet buyer and seller demand on a scale never-before imagined.”

“Based on our record-breaking numbers this year, we have a positive outlook for 2022,” Rademaker added. “We have developed a top-tier team of sales, marketing and administrative professionals who are energized and motivated to be exceptional in their field of expertise. With the power and global reach of the Sotheby’s International Realty brand combined with the strength of our team, we anticipate that next year’s activity will remain strong for our brokerage.”

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 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 25,000 affiliated independent sales associates located in over 1,000 offices in 77 countries and territories worldwide.  Each office is independently owned and operated.