Cascade Sotheby’s International Realty experiences record annual growth in Pacific Northwest real estate market
BEND, Ore. (PRWEB) March 05, 2018 -- Cascade Sotheby’s International Realty announces record growth and production for 2017 at a recent annual broker meeting. The brokerage, which has increased overall sales volume by 325% between 2015 and 2017, surpassed $1.3 billion in closed real estate transactions in 2017.
Cascade Sotheby’s is one of the elite 25 Sotheby’s International Realty® franchises in the U.S. in the billion-dollar volume category and is one of the top franchises in closed sales revenue in the entire Sotheby’s International Realty global realty network.
Since the company’s founding in 2006, management has focused on white glove customer service by building an industry-leading team, innovative sales platform, and proprietary technology network for its brokers. As a result, Cascade Sotheby’s added more than 80 new brokers statewide in 2017 and is the dominant firm in Central Oregon, with over twice the market share of the next closest competitor. Now the brokerage revels in these accomplishments:
- $1.3 billion in total transaction volume
- $30+ million in company revenue
- 325% sales growth from 2015 to 2017
- 2x+ market share in Central Oregon compared to closest competitor
- 80+ brokers/producers signed
- 250+ total brokers across Oregon and SW Washington
- 33%+ higher price point than other agents in Portland and SW Washington
- 10+ years of operational history
- 11 offices in Oregon and SW Washington
The firm's 11 strategic locations—including office presence in Bend, Sisters, Lake Oswego, The Pearl District/Portland, SW Washington, and at the coast in Gearhart, Cannon Beach, and Manzanita—form the most expansive luxury real estate network in the Pacific Northwest.
In addition, the company has acquired the expert talent of three brokerages in 2017 including Metolius Property Sale in Sisters, The Donna Roberts Group in Vancouver, and exclusive real estate rights to all Franklin Brothers homes in Bend.
“We look to 2018 with a laser focus on operations and broker development, continuing to build our market share and a strong commitment to our growing team of high quality producers,” says Deb Tebbs, founder and chief executive officer, Cascade Sotheby’s International Realty. “We are focused on offering extraordinary services and experiences to our clients through a strong local presence while we leverage the esteemed Sotheby’s International Realty global network—and we have a real commitment to the communities we serve. If you are a broker looking to expand with an unparalleled growth opportunity, now’s the time to make the move.”
In 2018, Cascade Sotheby’s is expected to add five additional offices and 29 brokers on the Oregon Coast in addition to a new office presence in Sisters with 11 agents. The company also recently recruited a $22 million-a-year broker in Southern Oregon to leverage the emerging vineyard real estate activity there.
The growth continues and Cascade Sotheby’s is poised to continue to shake up Oregon’s booming residential real estate market.
About Sotheby’s International Realty Affiliates LLC
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. Sotheby’s International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. In February 2004, Realogy 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. 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.
About Cascade Sotheby’s International Realty
Harnessing the worldwide recognition and prestige of the Sotheby’s name, Cascade Sotheby’s International Realty expertly represents the most distinctive properties at every price range. The firm's 11 strategic locations throughout Oregon and southern Washington form the most expansive luxury real estate network in the Pacific Northwest. Cascade Sotheby’s International Realty brokers are masters of their craft, combining local expertise and global connections to artfully unite extraordinary places with extraordinary lives. The firm achieved a billion dollars in sales in the first 11 months of 2016, joining only 25 Sotheby’s International Realty affiliates in the world with this distinction. Exceptional service, continual innovation, and unrivaled market knowledge continue to set Cascade Sotheby’s International Realty apart as an industry leader.
Contact: Claudia Johnson, Public Relations, 503-799-2220
Claudia Johnson, Claudia Johnson, http://www.claudiajohnson.com, +1 (503) 799-2220, [email protected]
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