NAPLES, Fla., Feb. 16, 2021 /PRNewswire-PRWeb/ -- Engel & Völkers Florida today announced its 2020 performance report. Despite the global coronavirus pandemic and racial unrest, the company saw significant year-over-year increases, maintained a steady stream of transactions at all price points, grew advisor count through talent attraction, and expanded it's franchise network with additional locations through the state.
"None of these achievements would have been possible without the hard work of our License Partners and their advisors in each of the communities we proudly serve," said Timo Khammash, Managing Partner of Engel & Völkers Florida. "We are optimistic about the future and look forward to continuing to deliver on our promises. As a purpose driven organization, we're already hard at work identifying and implementing ways that we can make a positive impact on all of our businesses in 2021."
In 2020, Engel & Völkers Florida recorded 4,304 transactions across its 34 shops; the sales volume closed increased by almost 52 percent to $2.3 billion and home values increased by 7.9 percent. The network also saw a 33 percent increase in advisor growth; welcoming more than 300 new advisors who brought over $400 million in production with them. These new advisors in Florida also represent 34 percent of all advisors added to the entire global network in 2020. This growth rate is expected to accelerate in 2021 as the company sold franchise rights to 10 new markets: Amelia Island, Gainesville, Hollywood Beach, Melbourne Beachside, Miami Coconut Grove, Neptune Beach, Orlando, Palm Coast, St. Pete Beach and South Tampa.
"We quickly realized that the real estate market had not stopped, rather it shifted," said Peter Giese, Chief Growth Officer at Engel & Völkers Florida. "Our advisors were easily about to adapt to the unprecedented conditions throughout 2020, due, in part, to the proprietary systems and tools developed by Engel & Völkers or available through our Partner Network."
Engel & Völkers shops reported that 25 percent or more of their closed transactions were generated from digital efforts and that they were able to sell homes twice as fast than their local competition. Engel & Völkers 30A Beaches experienced double digit growth, increasing production by 72 percent; the highest growth rate in Engel & Völkers Americas.
"In speaking with our leaders in every market we serve, the term 'unimaginable' seemed to be most prevalent in describing the market and the year in general," said Anthony Hitt, president and CEO, Engel & Völkers Americas. "These results are reflective of more than the market itself, but of the caliber of individuals within our network, and I couldn't be more proud. What we witnessed amongst our network was nothing short of cultural magic in how everyone supported one another. In 2021 we will continue to focus on our people to help them support their clients and generate continued growth."
Engel & Völkers Florida is continuing its franchise expansion efforts to identify potential partners in premium first and second home markets throughout the state including Bay County, Charlotte County, Escambia County, Franklin County, Gulf County, Hernando County, Leon County, Manatee County, Marion County, Osceola County, Pasco County, Polk County, Sarasota County, St. Lucie County and Volusia County. The Master License Partner is also working closely with its existing brokerage shops to gain additional market share in areas such as Brevard County, Broward County, Hillsborough County, Miami-Dade County, Monroe County, Orange County, Palm Beach County and Pinellas County.
Linzee Werkmeister, Junior Vice President, Marketing & Franchise Support
Tel: (239) 348-9000
About Engel & Völkers:
Engel & Völkers is a global luxury real estate brand. Founded in Hamburg, Germany in 1977, Engel & Völkers draws on its rich European history to deliver a fresh approach to luxury real estate in the Americas with a focus on creating a personalized client experience at every stage of the home buying or selling process for today's savvy homeowner. Engel & Völkers currently operates approximately 225 shop locations with 4,500 real estate advisors in the Americas, contributing to the brand's global network of over 13,500 real estate professionals in more than 30 countries, offering both private and institutional clients a professionally tailored range of luxury services, including real estate, yachting and aviation. Committed to exceptional service, Engel & Völkers supports its advisors with an array of premium quality business services; marketing programs and platforms; as well as access to its global network of real estate professionals, property listings and market data. Each brokerage is independently owned and operated. For more information, visit http://www.evrealestate.com.
About Engel & Völkers Florida:
Engel & Völkers Florida is the Master License Partner of the global luxury real estate brand Engel & Völkers in the state of Florida. Recognized for uniquely recruiting, training and equipping some of the top professionals in the real estate industry, Engel & Völkers Florida's exclusive franchise model positions its license partners at the top of the premium market to gain market share and support their bottom line. The company represents franchise locations in: 30A Beaches, Amelia Island, Belleair, Boca Raton, Bonita Springs-Estero, Cape Coral, Clermont, Delray Beach, Destin, Fort Lauderdale, Fort Myers Downtown, Gainesville, Hollywood Beach, Islamorada, Jacksonville, Jacksonville Beach, Jupiter, Madeira Beach, Marco Island, Melbourne Beachside, Melbourne Central, Melbourne Downtown, Miami Coconut Grove, Neptune Beach, Olde Naples, Orlando, Orlando Downtown, Orlando-Winter Park, Palm Beach, Palm Coast, South Tampa, St. Augustine, St. Pete, St. Pete Beach, Stuart, Wellington, and Windermere.
Engel & Völkers Florida is continuing to strategically strengthen and expand its presence in premium real estate markets across the state of Florida. If you would like to know more about the Engel & Völkers brand or how to join its global network—which is known for demonstrating competence, exclusivity and passion, feel free to call our corporate office, located at 633 Tamiami Trl N, Suite 201, Naples, FL 34102 USA. Tel: +1 239-348-9000.
For more information about Engel & Völkers Florida, please visit florida.evrealestate.com
Linzee Werkmeister, Engel & Völkers Florida, 239.348.9000, [email protected]
SOURCE Engel & Völkers Florida