Sotheby’s International Realty Achieved $95 Billion in Global Sales Volume for 2016

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 JournalTop 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.

Celebrating Saint Patrick’s Day

In the spirit of Saint Patrick’s Day, this month we are featuring homes with wet bars where you can celebrate Saint Patrick’s Day by enjoying a Guinness in style…

Monthly Property Blogs (4)

 

210 Stokes Farm Road – Franklin Lakes, New Jerseyorig_DSC_9004_4887062Exceptional hardly describes this elegant custom brick home and the impeccable property that surrounds it.  Snuggled between the Great Room and the Office/Living Room is an Old English Pub style bar room equipped with a curved mahogany bar and a 100 bottle wine refrigerator….

12 The Esplanade – Alpine, New Jerseyorig_IMG_3824_4247198Welcome to an opulent French Estate in Rio Vista, nestled on 2 gated acres in the most sought after location in Alpine. The European design and details in this unique home features special lighting for artwork and hand crafted moldings and trim. 

33 Brams Hill Drive – Mahwah, New Jerseyorig_DSC_7095_4358665Welcome to the Crown Jewel of Rio Vista – an exquisitely glamorous, modern day castle custom built to last a lifetime, featuring a spacious, finished basement, a perfect place for fun entertainment, with wet bar, recreation room, spa area and hot tub for 8, massage room, family room, additional kitchen, and a spacious covered patio with outdoor grilling. 

 

7 Bayberry Drive – Saddle River, New Jerseyorig_4336_LF_27- 7 Bayberry Dr Saddle River NJ_4081287Saddle River at its best! Built to an extremely high standard with extraordinary attention to detail and quality.  The lower offers a wine cellar, tasting room, billiards room with coffered ceiling, recreation room,  home theater 1.5 baths and gym.

 

 

Successfully Sold

We are excited to share with you a few Prominent Properties Sotheby’s International Realty properties recently sold. Contact an associate for a more comprehensive look at market activity.

 

orig_DSC_9722_4036427604 Navaho Tr – Franklin Lakes, New Jersey

Original Price: $1,375,000

Sold Price: $1,192,500

Days on Market: 194

Beds: 5  Baths: 3 full, 1 half

Details: 

Gorgeous home in one of Franklin Lakes’ premier locations! Situated beautifully on a flat manicured acre, this 5 bed, 4 bath gem offers awesome design and fabulous features! Recent updates have transitioned this house into a turn-key trendy showcase! The unique 1st floor offers the traditional living room, fireplace, dining room layout that segues to a fabulous kitchen with island and breakfast space open to the family room with brick fireplace and doors to the yard. The big surprise is the In-Law “wing!” This space includes a large Ensuite bedroom with vaulted ceiling, great closets, access to the back yard and an adjoining sitting room! This can also be a first floor master suite and a home office. Upstairs offers one ensuite bedroom (master) and 3 more bedrooms a sparkling hall bath with 2 sinks. Find approximately 800sf open finished space in the lower level and wine cellar and storage. Recent improvements also include new stone exterior, outdoor kitchen & fire pit, driveway, patios and more!

Listed by: Mary Premtaj

 

orig_DSC_2048_4414856118 Macintyre – Allendale, New Jersey

Original Price: $1,199,000

Sold Price: $1,155,000

Days on Market: 146

Beds: 5  Baths: 3 full, 1 half

Details: 

Breathtaking curb appeal, professionally landscaped gardens, multi-level walls and blue stone walkways…and wait ’til you see the super lush resort-style rear property! Contemporary colonial with 2 story entry,2 story great room, wood burning fireplace and glass wall overlooking country club style rear property! 2014 decorator kitchen, white and chocolate glazed cabinetry and Wolf/Sub-Zero/Miele appliances… Giving any gourmet an opportunity to show off! Living room and dining room with french doors. Powder Room, 1st floor mater suite and bedroom/office. Upstairs features 3 more bedrooms, one large enough for a bonus room or 2nd master bedroom, full bath, loft overlooking rear of property. Renovated (’14) walk-out lower level with tiled floor, wet bar with cabinetry matching the kitchen, full bath and rec. room with access to pool area… Perfect indoor cabana space! Enjoy outdoor entertaining? This property is a ‘Wow!’… Pool, hot tub, waterfall, and  cleared, level, sodded soccer field-type yard with lush trees all along the perimeter for privacy. All this in a blue ribbon school district.

Listed by: Sheryl Epstein-Romano

 

 

orig_DJI_0003_458747948 Winding Way – Upper Saddle River, New Jersey

Original Price: $729,000

Sold Price: $685,000

Days on Market: 56

Beds: 4 Baths: 2 full 1 half

Details: 

In one of the most desirable neighborhoods, on a quiet cul-de-sac you will find this charming, four bedroom, dutch colonial on a picture perfect lot. The entry foyer opens to an inviting family room with wood burning fireplace and access to park-like property. First floor offers well equipped modern kitchen with granite counters, high end appliances, and sliding glass doors to rear deck. An open and bright living room and dining room completes this floor. Second floor bedrooms are spacious with ample storage, hardwood floors and updated full bathroom. Master bedroom on its own floor offers en-suite bathroom, two walk-in closets and access to the attic. Basement is full and finished with plenty of storage.

Listed by: Denise Jarrett

 

orig_DSC_6983_4706515 (1)

19 Southern Slope Dr – Millburn, New Jersey

Original Price:  $729,000

Sold Price: $685,000

Days on Market: 30

Beds: 4 Baths: 2 full

Details: 

Stunning tudor with expansive addition in coveted S. Mountain Location. Featuring: ppdated kitchen with new stainless steel refrigerator, range and dishwasher, granite counters and subway tile, 4 large bedrooms, large family room addition features sunny windows on 3 sides with southern exposure, master suite with double closets and full bath with spa tub and stall shower, 2 large private bedrooms share a full bath, 4th bedroom features a window seat perched over lovely view of this tree lined neighborhood. Basement has a spacious rec. room ready for playroom, gym or create a home theater. On this level there is also plenty of storage space, a laundry room, utility room and still space to install a wine cellar for your private collection. Refinished large deck. located near all schools, Mid Town Direct Train & Shopping.

Listed by: Angela Cockman

 

Ask a Prominent Properties Sotheby’s International Realty associate for more comprehensive market activity, as only a few properties have been included in this post.

 

Information obtained from the New Jersey Multiple Listing Service. Data in whole or in part is supplied by the New Jersey MLS and is deemed reliable but is not guaranteed.. Data provided may not reflect all the real estate in the market. Data taken 2/16/2017.  Each Office Is Independently Owned and Operated.