Engel & Völkers Florida Reports 122 Percent Revenue Growth Year-to-Date Amid Successful Third Quarter in 2021

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Engel & Völkers Florida sees successful third quarter adding to impressive year-to-date figures of growth in revenue, advisor count, and franchise expansion

Infographic: Q3 2021

Infographic: Q3 2021

We successfully navigated ongoing global disruptions, achieved sales growth, and continued to gain market share in communities with established Engel & Völkers shops.

Engel & Völkers Florida, the Master License Partner of the Engel & Völkers brand for the State of Florida, today announced its quarterly report for the third quarter of 2021. The company saw noteworthy year-over-year increases in areas such as sales volume, recruiting and expansion of its franchise network. Overall, the company has increased its revenue by 122 percent year-to-date.

"This was another strong quarter for Engel & Völkers Florida," said Timo Khammash, Managing Partner of Engel & Völkers Florida. "Our team continues to execute on our strategy to exceed expectations. We experienced increases in demand from consumers for our advisors services, as well as interest from successful real estate professionals throughout Florida for available franchise opportunities. We successfully navigated ongoing global disruptions, achieved sales growth, and continued to gain market share in communities with established Engel & Völkers shops. We expect to grow for the balance of the year and have a strong holiday season. Our strength is foundational and broad-based, and we are on a clear path to improve profitability and accelerate top line growth."

79 real estate professionals affiliated with Engel & Völkers at various brokerages throughout the state; bringing the total advisor count to 762. This same group of advisors facilitated 1,249 real estate transactions during the third quarter, totaling $825,521,557 in sales. Given that volume, the average sales price is $660,946 per transaction. The average listing price came in at $1,198,852 for the quarter. According to Zillow, the typical value of homes in Florida is $313,217—a 20 percent increase over the last year. Compared to the state mean, Engel & Völkers Florida’s average sales price is more than 110 percent greater. The company has also surpassed last year's third quarter sales by just over $248 million, making it a 29 percent year-over-year increase.

“We have witnessed a new set of challenges emerge in the real estate industry this year,” said Peter Giese, Chief Growth Officer at Engel & Völkers Florida. “Florida saw a record low inventory of homes for sale, yet my team anticipates triple digit growth in sales volume by year's end. We are proud of our advisor's work ethic and continued utilization of our tools and brand to reach a new level of success; they continue to secure and service the best listings across the state and work tirelessly for their buyers in this challenging market.”

Nearing 1,000 locations in 33 countries, Engel & Völkers continues to expand its presence in premium first and second home markets around the world. Engel & Völkes Florida signed two new franchise agreements this quarter, bringing their total shop count to 42 with the addition of Engel & Völkers St. Pete Beach and Engel & Völkers Tampa Water Street. The company is focusing its efforts on southeast Florida for the remainder of the year, in the hopes of forming several new franchise relationships in key markets throughout Miami-Dade County, Broward County and Palm Beach County. Along with opening new brokerages, the company is working closely with its existing franchisees to gain additional market share in their respective protected areas through mergers and acquisitions, among other methods.

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Press contact:

Linzee Werkmeister, Junior Vice President, Marketing & Franchise Support
Email: Linzee.Werkmeister(at)evrealestate.com
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 240 shop locations with 5,000 real estate advisors in the Americas, contributing to the brand’s global network of over 14,000 real estate professionals in more than 30 countries, offering both private and institutional clients a professionally tailored range of luxury services, including real estate and yachting. 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, Ponte Vedra Beach, Sarasota, South Tampa, St. Augustine, St. Pete, St. Pete Beach, Stuart, Tampa Water Street, Venice Downtown, 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 http://www.florida.evrealestate.com

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