Naples, FL (July 8, 2011) Judy Green, President and CEO of Premier Sotheby’s International Realty, announced today that the firm has sold over $1 billion of real estate during the first half of 2011, marking a critical milestone for the Southwest Florida luxury real estate brokerage.
According to Terradatum, a third party research firm that analyzes data in the local multiple listing service, Premier Sotheby’s International Realty sold over $1,030,511,721 during the first half of 2011 in Collier, Lee, Charlotte, Sarasota and Manatee counties. The firm’s three offices in Sarasota county operate as Signature Sotheby’s International Realty.
“Our associates’ sales performance year-to-date is incredibly encouraging for our region,” said Judy Green. “It signals an increasing confidence among buyers, both domestic and international, that real estate in Southwest Florida continues to be a solid investment.”
In addition to the firm’s regional leadership, Premier Sotheby’s International Realty achieved the #1 market share position in Collier and Lee counties based on closed sales volume, as well as the highest average sales price. The firm’s average sales price year-to-date in 2011 is $1,103,497.
Premier Sotheby’s International Realty also reached the #1 market share position in many of Southwest Florida’s most desired communities, including Port Royal, Aqualane Shores, Old Naples, Park Shore, Moorings, Coquina Sands, Vanderbilt Beach and Bonita Bay. Premier Sotheby’s International Realty also enjoys the #1 market share position in Pelican Bay sales over $1 million and Marco Island sales over $2 million.
Compared to the same period in 2010, before Premier Properties of Southwest Florida joined the Sotheby’s International Realty® network, the firm’s sales of properties over $1 million in Collier and Lee counties are up19.6%. This increase demonstrates the effectiveness of the many Sotheby’s International Realty marketing offerings that Premier Sotheby’s International Realty agents can now offer their clients.
About Premier Sotheby’sInternational Realty
Premier Sotheby’s International Realty is a division of The Lutgert Companies founded in 1984 by Chairman Scott F. Lutgert. The firm has offices strategically located between Bonita Springs and Marco Island with headquarters in Naples, FL. The Lutgert Companies has operated in Southwest Florida since 1964, when Raymond L. Lutgert started the development of Park Shore, which includes 17 luxury high-rises. The Lutgert Companies is also developing the high-rises at Bonita Bay. In addition, The Lutgert Companies has developed two golf course communities, various shopping centers and office buildings including Estuary at Grey Oaks, Linville Ridge, The Village on Venetian Bay, The Promenade, The Northern Trust Building, and most recently, Mercato, a mixed use center in North Naples. The Lutgert Companies also owns Lutgert Title, Lutgert Insurance, Premier Commercial, and Signature Sotheby’s International Realty, with 3 offices in Sarasota, Longboat Key and Venice.
About Sotheby’s International Realty Affiliates, Inc.
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Realogy Corporation, a global provider of real estate and relocation services, entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system by Realogy’s subsidiary, Sotheby’s International Realty Affiliates LLC. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744. For more information, visit www.sothebysrealty.com.