Sotheby's International Realty Brand News

Sotheby's International Realty Brand Expands Presence in Upstate New York

by Natalie Hernandez

Originally published on June 21, 2017 | Extraordinary Living Blog

Sotheby's International Realty Affiliates LLC today announced that Timm Associates, Inc. in Old Forge and Blue Mountain Lake, New York is the newest member of its network and will now do business as Timm Associates Sotheby's International Realty.

The firm was founded in 1989 and is owned and operated by Dawn Timm. Timm Associates Sotheby's International Realty will serve the luxury residential real estate market in the Central and Western Adirondacks region of New York.

"The Adirondack Mountains are a year-round retreat and an attractive market for those seeking a home that caters to an active lifestyle," said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. "We are proud to welcome Timm Associates Sotheby’s International Realty to our global network."

"The communities we serve offer an abundance of recreational activities and we enjoy sharing our love of the Adirondacks with our clients," said Timm. "We like to say we are selling a fun-filled lifestyle, but we also believe every client deserves the same exceptional service throughout the buying and selling process, no matter the size of the transaction. Affiliating with the Sotheby’s International Realty® brand allows us the opportunity to provide our clients with an extraordinary global marketing platform. We are thrilled to be Timm Associates Sotheby’s International Realty."

Timm Associates Sotheby’s International Realty has offices in Old Forge and in Blue Mountain Lake. With this addition, the Sotheby’s International Realty network has 62 branded offices throughout the state of New York.

The Sotheby's International Realty network currently has more than 20,000 affiliated independent sales associates located in approximately 880 offices in 69 countries and territories worldwide. In 2016, the brand achieved a record global sales volume of $95 billion USD. Timm Associates Sotheby's International Realty listings will be 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 the Sotheby's auction house and worldwide Sotheby's International Realty marketing programs. Each office is independently owned and operated.

Sotheby's International Realty Expands Presence in Greece

by Natalie Hernandez

Originally published on May 25, 2017 | Extraordinary Living Blog

Sotheby’s International Realty Affiliates LLC today announced it has signed a long-term franchise agreement with Greece One Realty Limited to further expand the Sotheby’s International Realty® brand presence in Greece and with Rodon Realty P.C. for the opening of Rhodes Sotheby’s International Realty in Rhodes.

Greece Sotheby’s International Realty is led by seasoned real estate professionals Savvas Savvaidis, president and chief executive officer, and Natalie Leontaraki, chief operations officer. Savvaidis also serves as the chief executive officer of Rhodes Sotheby’s International Realty. With a flagship office in the historic capital city of Athens, Greece Sotheby’s International Realty will continue to serve the luxury residential real estate market throughout the country and in key areas including Mykonos, Crete and Corfu, while Rhodes Sotheby’s International Realty will focus on the unique market in Rhodes, the largest of the Dodecanese islands of Greece.

“Greece and its islands are emerging as an attractive luxury real estate market in the Mediterranean,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “Rhodes is one of the most popular tourist destinations in Greece known for its rich history, beaches and 300 days of sunshine, and we are proud to have Savvas Savvaidis at the helm of this expansion within the country.”

“The luxury real estate sector in Greece has a promising future,” says Savvaidis. “Greece’s luxury tourism market is expanding rapidly while state-of-the-art golf resorts and branded mixed-use developments are creating a strong luxury footprint in the Mediterranean. Being a part of the Sotheby’s International Realty brand allows us access to unparalleled marketing platforms for these high-end developments, an excellent recipe for a successful business operation.”

The Sotheby's International Realty network currently has more than 20,000 affiliated independent sales associates located in approximately 880 offices in 69 countries and territories worldwide. In 2016, the brand achieved a record global sales volume of $95 billion USD. Greece Sotheby's International Realty and Rhodes Sotheby's International Realty listings will be 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 the Sotheby's auction house and worldwide Sotheby's International Realty marketing programs. Each office is independently owned and operated.

2017 Sotheby's International Realty Exclusive Media Partners

2017 Global Media Plan

With an emphasis on brand exclusivity, cutting-edge advertising technologies, strategic positioning, social traffic drivers and video content integration, the Sotheby's International Realty® brand utilizes hand-selected media powerhouses whose innovation, experience and international impact allow our brand to successfully connect with a global consumer.

Global Affluence: The Emerging Luxury Consumer

by Natalie Hernandez

Originally published on May 2, 2017 | Extraordinary Living Blog

Sotheby’s International Realty Affiliates LLC is proud to present “Global Affluence: The Emerging Luxury Consumer," a report examining the confidence, spending habits and purchasing interests of emerging luxury consumers from around the world, defined as those with $250,000 USD to $1 million USD in investable assets.

The report, which is based on a survey that focused on luxury consumers in the United States, United Kingdom, India, United Arab Emirates and China, found that this emerging luxury consumer demographic is confident when it comes to their personal economy and the economy of their respective countries.

"The luxury residential real estate market is ever evolving," said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. "As a global leader in this arena, the Sotheby’s International Realty® brand commissioned this research survey to unveil emerging trends with luxury residential real estate consumers around the world. We are always looking to the future and our focus is to keep a pulse on the state of the real estate market and the homebuyers of tomorrow."

The complete Sotheby’s International Realty "Global Affluence: The Emerging Luxury Consumer" report features a breakdown of data by country surveyed as well as supplemental search data from sothebysrealty.com. Click here to download the full report.

Key findings from the Sotheby’s International Realty "Global Affluence: The Emerging Luxury Consumer" report include:

"The luxury market has been redefined in recent years due in large part to the impact of the new emerging luxury consumer," said Kevin Thompson, chief marketing officer of Sotheby’s International Realty Affiliates LLC. "These individuals have a luxury sensibility and an affinity for exclusive brands, proving that luxury transcends income levels – it is about quality, uniqueness, and ultimately achieving a certain lifestyle. The Sotheby’s International Realty brand has its eye on the future and is perfectly positioned to unite these extraordinary lives with extraordinary lifestyles."

The Sotheby’s International Realty network currently has more than 20,000 affiliated independent sales associates located in approximately 850 offices in 66 countries and territories worldwide. In 2016, the brand achieved a record global sales volume of $95 billion USD. 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 the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

Methodological Notes:
The Sotheby’s International Realty Affiliates LLC Survey was conducted by Wakefield Research (www.wakefieldresearch.com) among 200 US emerging luxury consumers, and 100 emerging luxury consumers in the UK, China, UAE and India, between November 17th and December 15th, 2016, using an email invitation and an online survey.
The margin of error for this study is +/- 6.9 percentage points in the US, and +/- 9.8 percentage points in the UK, China, UAE and India at the 95% confidence level. Base sizes under 100 are directional findings only.
Data from sothebysrealty.com: Google Website Analytics, sothebysrealty.com, April – December 2015 vs. April – December 2016.

Sotheby's International Realty Brand and New Story Partnership

by Erik Weinbrecht

Originally published on March 8, 2017 | Extraordinary Living Blog

The Sotheby’s International Realty® brand is proud to announce that it has partnered with New Story, a non-profit organization that puts 100% of donations toward transforming dangerous living environments into communities of safe, sustainable homes, for $6,000 a home.

Why did we choose New Story as a partner?

  • 100% of donations go directly to the field. They operate with completely separate overhead cost so every dollar donated goes straight to building homes.
  • Donors have the ability to see the exact family they're sponsoring, along with the supplies and costs their donation is covering. In the beginning, the donor receives a photo of the family and their story. When the home is completed, they are delivered a move-in video to share in the excitement of this incredible effort.
  • They hire local labor and buy domestic materials to boost the country’s economy. New Story does more than build houses – they provide jobs and economic stability for the communities they service.

Watch this video to get a closer look at New Story, who was just named one of Fast Company's "Most Innovative Companies" for 2017 in their not-for-profit sector.

Click here to learn more about New Story and meet the Guillaume family from Haiti, the recipients of the Sotheby’s International Realty brand donation.

The Sotheby's International Realty Brand Achieved $95 Billion in Global Sales Volume for 2016

by Natalie Hernandez

Originally published on February 27, 2017 | Extraordinary Living Blog

CNBC broke the news this morning that for 2016, the Sotheby's International Realty Affiliates LLC 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.

“During a year when the words "slowdown" and "slump" were used to describe the luxury housing market, 2016 turned out to be a banner year for Sotheby's International Realty.” – CNBC

Global Growth

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.

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.

In the United States, the Sotheby's International Realty brand achieved $85 billion in sales volume in 2016 and also added seven independently owned and operated residential real estate firms as well as 45 new offices to its network across the country. This past year witnessed continued significant growth by existing affiliate companies through talent attraction and mergers and acquisitions, most notably increasing the brand's market presence in Lexington and Concord, Massachusetts, throughout southern Rhode Island and on the island of Kauai, Hawaii. The brand also entered several key new markets last year, namely: Gulf Shores, Alabama; Pittsburgh, Pennsylvania; and Virginia Beach, Virginia.

Innovative Technology

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.

“CEO Philip White told CNBC in a recent interview that Sotheby’s makes “the consumer the real focus, and that’s important when you do business in the luxury space. We made a decision early on to provide the consumer a high level of exceptional service and true global exposure." - CNBC

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.

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, each brokerage firm and its clients benefit from an association with the Sotheby's auction house and worldwide Sotheby's International Realty marketing programs. Each office is independently owned and operated.

Sotheby's International Realty Brand Wins 'Best in Category' for Ninth Consecutive Year

YORK, Maine (Feb. 19, 2016) — Anne Erwin Sotheby's International Realty, a luxury real estate firm based in York, Maine, today announced the Sotheby's International Realty brand won Franchise Business Review's Best in Category for Real Estate Franchisee Satisfaction award for the ninth year in a row.

The Best in Category award measures franchisee satisfaction with their franchisors and is part of the 11th annual Franchisee Satisfaction Awards presented by Franchise Business Review. In addition to earning the top real estate ranking, the Sotheby's International Realty brand also came in fourth in the overall top 50 and second among the Top 50 "Systems with 250 or more units," which is a ranking of all franchise systems across all categories with more than 250 locations.

"We are so proud to receive this distinction for the ninth year in a row," said Philip White, president and chief executive officer, Sotheby's International Realty Affiliates LLC. "We are committed to always helping our network achieve greater levels of success and we are so pleased that our affiliates hold us in such high regard within the ranking system. The reason the Franchise Business Review recognition is so rewarding is because it is measured by input from our most important asset: our affiliates."

Franchise Business Review surveyed more than 28,000 franchisees representing 339 franchise brands for the annual Franchisee Satisfaction awards. Franchises were evaluated in five areas: training and support, franchise system, franchisor/franchisee relations, financial opportunity and overall satisfaction. Additionally, demographic and lifestyle questions gave a 360-degree view of the franchise ownership experience. Franchise Business Review is a national franchise market research firm that performs independent surveys of franchisee satisfaction and franchise buyer experiences. For a complete list of this year's award winners, go to www.FBR50.com.

"Sotheby's International Realty continues to impress with higher franchisee satisfaction scores than benchmark in every category of Franchise Business Review's annual survey," said Franchise Business Review president Michelle Rowan. "The brand particularly excels in 'Training and Support,' with an overall 31% higher satisfaction rating than benchmark."

"This brand offers our firm the tools, resources and support we need to reach a global audience of consumers and provide our clients with the best possible service," said Linda Briggs broker/owner. "We are proud to be part of this network of extraordinary professionals, and to represent this fine brand in the Southern York County market."

Anne Erwin Sotheby's International Realty, which has offices in York and Ogunquit Maine, 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 Anne Erwin Sotheby's International Realty also are marketed on the sothebysrealty.com global website, as well as on the firm's local website, anneerwin.com.

Sotheby's International Realty Brand Wins 'Best in Category' for Eighth Consecutive Year

YORK, Maine (Feb. 3, 2015) Anne Erwin Sotheby's International Realty, a luxury real estate firm based in York, Maine today announced the Sotheby's International Realty® brand won Franchise Business Review's Best in Category for Real Estate Franchisee Satisfaction award for the eighth year in a row.

The Best in Category award measures franchisee satisfaction with their franchisors and is part of the 10th annual Franchisee Satisfaction Awards presented by Franchise Business Review. In addition to its real estate ranking, the Sotheby's International Realty brand also came in first in the overall top 50 and first among the Top 50 "Systems with 250 or more units," which is a ranking of all franchise systems across all categories with more than 250 locations.

"We are so proud to not only receive this distinction for the eighth year in a row but to also move from third to first in the systems with 250 or more units ranking, and from fourth to first in the overall top 50 ranking," said Philip White, president and chief executive officer, Sotheby's International Realty Affiliates LLC. "This award essentially is our report card from our network, and we are so pleased that they hold us in such high regard within the ranking system. We continually strive to improve our service to our franchisees and we are grateful for this honor."

Franchise Business Review surveyed more than 28,000 franchisees from more than 350 leading systems for the annual Franchisee Satisfaction Awards. Franchises were evaluated in five areas: training and support, franchise system, franchisor/franchisee relations, financial opportunity and overall satisfaction. Additionally, demographic and lifestyle questions gave a 360-degree view of the franchise ownership experience. Franchise Business Review is a national franchise market research firm that performs independent surveys of franchisee satisfaction and franchise buyer experiences. For a complete list of this year's award winners, go to www.FBR50.com.

"The Sotheby's International Realty brand has been ranked number one in Real Estate for eight years running," said Franchise Business Review president Michelle Rowan. "The brand's continuous efforts to find ways to strengthen the brand and relationship with its franchise partners won it the honor of being ranked number one overall on our list of 200 brands with the strongest validation from their franchisees this year."

"This brand offers our firm the tools, resources and support we need to reach a global audience of consumers and provide our clients with the best possible service," said Linda Briggs broker/owner. "We are proud to be part of this network of extraordinary professionals, and to represent this fine brand in the Southern Maine and Seacoast New Hampshire markets."

Anne Erwin Sotheby's International Realty, which has an office in York, ME, 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.

As a Sotheby's International Realty affiliate, the firm also has the unique ability to refer its real estate clientele to the auction house for jewelry, art, unique furniture and collectible appraisal services. Property listings from Anne Erwin Sotheby's International Realty also are marketed on the sothebysrealty.com global website, as well as on the firm's local website, anneerwin.com.

Anne Erwin Sotheby's International Realty is located at 31 Long Sands Road, York, Maine. For additional information, please contact 207.363.6640.

The Sotheby's International Realty network currently has over 16,400 sales associates located in approximately 730 offices in 56 countries and territories worldwide. 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 their clients will benefit from an association with the Sotheby's auction house and worldwide Sotheby's International Realty marketing programs. Each office is independently owned and operated.

Sotheby's International Realty Brand enters Luxembourg

MADISON, New Jersey and LUXEMBOURG (June 17, 2014) — Sotheby's International Realty Affiliates LLC today announced that Luxembourg Real Estate Partners S.A has joined its network and now will do business as Luxembourg Sotheby's International Realty.

The firm, which is managed by Philippe Vermast, serves the high-end real estate market in Luxembourg and surrounding towns. The Sotheby's International Realty® network now has approximately 150 offices across Europe, Middle East and Africa with the addition of Luxembourg Sotheby's International Realty.

"Our expansion into Luxembourg strengthens our presence across Europe and continues our commitment to providing access to the Sotheby's International Realty network's exclusive real estate services in key markets around the world," said Philip White, president and chief executive officer, Sotheby's International Realty Affiliates LLC. "Luxembourg is the seat of several institutions and agencies of the European Union and ithas a rich history and heritage. We are proud to be able to represent the fine real estate found throughout the country."

According to Vermast, the Sotheby's International Realty brand has the reach and recognition needed to serve a market that consists of a large percentage of foreign residents. "People are moving to Luxembourg from all parts of the world to take advantage of its high quality of life, strong education and employment, as well as its many financial advantages," he said. "We have many years of local real estate experience and can communicate in multiple languages. Our rich cultural heritage and sense of constant innovation are the main reasons for the broad choice of architectural styles found here, which range from classical townhomes to contemporary family residences. For a small country, we have a lot to offer and people from all over the globe are realizing it."

The Sotheby's International Realty network currently has more than 15,000 independent sales associates located in approximately 700 offices in 54 countries and territories worldwide. Luxembourg Sotheby's International Realty listings will be 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 the Sotheby's auction house and worldwide Sotheby's International Realty marketing programs. Each office is independently owned and operated.

Anne Erwin Sotheby's International Realty has had a leading presence in the southern Maine real estate market for over 30 years. Founded in 1980, the company offers a wide selection of oceanfront, ocean view, waterfront, water view and distinctive homes in every price range in southern Maine including York, Cape Neddick, Kittery, Kittery Point, Ogunquit, Wells, Kennebunk, Kennebunkport, South Berwick, and Eliot. Anne Erwin Sotheby's International Realty is located at 31 Long Sands Road, York, Maine.

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Sotheby's International Realty Network Welcomes Hawaii Firm

FOR IMMEDIATE RELEASE

CONTACT:
Jennifer Zimmerman, 973-407-6375

MADISON, New Jersey (May 28, 2014) — Sotheby's International Realty Affiliates LLC today announced that Carvill & Company in Kailua, Hawaii, is the newest member of its real estate network and will now operate as Carvill Sotheby's International Realty.

Scott Carvill is broker/owner of the firm, which is located at 970 N. Kalaheo Avenue in Kailua, serving the Kailua, Windward, Honolulu and North Shore markets. With the addition of this firm, the Sotheby’s International Realty® brand now has nine independently owned and operated offices throughout Hawaii.

"Kailua has global appeal, thanks to its pristine beaches, which are some of the finest in Hawaii," said Philip White, president and chief executive officer, Sotheby's International Realty Affiliates LLC. “We are proud to have the brand represented in this region by the fine team of professionals Scott has assembled."

According to Carvill, the Sotheby’s International Realty brand provides the support of a worldwide network and marketing platform. "Our focus is on working together as a team to provide the best service and experience to our clients," he said. "Now with our affiliation with the Sotheby's International Realty brand, we can offer them global exposure together with our in-depth local knowledge and experience."

The Sotheby's International Realty network currently has more than 15,000 independent sales associates located in approximately 700 offices in 54 countries and territories worldwide. Carvill Sotheby's International Realty listings will be marketed on the www.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 the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated. For more information, visit www.sothebysrealty.com.

Anne Erwin Sotheby's International Realty has had a leading presence in the southern Maine real estate market for over 30 years. Founded in 1980, the company offers a wide selection of oceanfront, ocean view, waterfront, water view and distinctive homes in every price range in southern Maine including York, Cape Neddick, Kittery, Kittery Point, Ogunquit, Wells, Kennebunk, Kennebunkport, South Berwick, and Eliot. Anne Erwin Sotheby's International Realty is located at 31 Long Sands Road, York, Maine.