Prominent Properties Sotheby’s International Realty Reports $1.550 billion in Sales Volume in northern New Jersey and New York.
Prominent Properties Sotheby’s International Realty, a luxury real estate firm based in northern New Jersey, today announced that the Sotheby’s International Realty® brand reported that in 2016 its 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.
In addition, Prominent Properties Sotheby’s International Realty announced that it achieved $1.550 billion in sales volume in norther New Jersey and New York for 2016.
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.
“2016 proved to be yet another record year for the Sotheby’s International Realty brand,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “In just 12 years, we have grown from $4.2 billion to $95 billion in sales volume. Our brand has achieved exponential growth, and I am immensely proud of the hard work and dedication from our affiliate member companies, their independent sales associates and our dedicated worldwide staff. This is a true testament to the strength and international footprint of this extraordinary brand.”
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.
“We’ve had great success this past year reaching over a billion and a half dollars in Sales Volume with 2,142 transactions, and it’s all thanks to a team of truly dedicated real estate professionals whose purpose is to provide the best service to their clients. It’s with great pleasure that we not only continue to find success in our market, but we continue to grow as well, expanding our market into Summit, New Jersey this year.” said Charles Oppler, COO and Owner of Prominent Properties Sotheby’s International Realty.
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.
“Being at the forefront of interactive technology allows us to reach prospective buyers in a more engaging way.” says Michael Oppler, Executive Vice President of Prominent Properties Sotheby’s International Realty, “A 3D tour creates an immersive experience, whether the buyer is located next door, or across the globe.”
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.
Prominent Properties Sotheby’s International Realty, which has offices in Alpine, Edgewater, Englewood Cliffs, Franklin Lakes, Hillsdale, Hoboken, Montclair, Ridgewood, Saddle River, Short Hills, Tenafly, and Westfield offers exclusive Sotheby’s International Realty marketing, advertising and referral services designed to attract well-qualified buyers to the firm’s property listings. In addition, the firm and its clients benefit from an association with the Sotheby’s auction house, which promotes real estate referral opportunities with auction house clientele. Property listings from Prominent Properties Sotheby’s International Realty also are marketed on the sothebysrealty.com global website, as well as on the firm’s local website, prominentproperties.com.
Prominent Properties Sotheby’s International Realty is located at 55 North Maple Ave in Ridgewood, New Jersey, 07450. For additional information, please contact 201.639.5555.