Sotheby’s International Realty Brand Continues to Grow Worldwide
Posted June 4th, 2012 | by The Update
Sotheby’s International Realty Affiliates LLC today announced it welcomed eight new firms worldwide in the first quarter of 2012, and its affiliated companies in the United States experienced a 21 percent year-over-year increase in transactions.
“The first quarter of this year has seen significant growth for the Sotheby’s International Realty brand, as we continue to expand our footprint in quality markets around the globe including the Americas, Europe and Asia,” said Michael R. Good, chief executive officer, Sotheby’s International Realty Affiliates LLC. “Our affiliates that have furthered their growth through mergers and acquisitions have increased their market share and local presence, positioning themselves as even stronger market leaders who are able to offer their customers an even greater level of service and efficiencies in meeting their real estate needs.”
The Sotheby’s International Realty brand was honored by Franchise Business Review with its Best in Category award for Real Estate Franchisee Satisfaction for the fifth year in a row. In addition to its real estate ranking, the brand also came in second among the Top 50 Large Franchise Systems, which is an overall ranking across all business categories including all systems with more than 200 office locations.
“The first quarter has laid the groundwork for our continued growth and development internationally as we increased our staff both in terms of membership sales and servicing for our existing companies,” said Philip White, president and chief operating officer, Sotheby’s International Realty Affiliates LLC. “Domestically, our total transactions were up 21 percent in the first three months of this year versus the first quarter of last year. These strong results reflect the improvement in the high-end market in the United States. In addition, we are seeing multiple bids and stronger sales prices in a number of markets as a result of lower inventory levels.”
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