Last year was a big one for Sotheby’s!
According to newly released year-end statements, Sotheby’s International Realty surpassed its previously held global sales volume record, increasing its sales volume by 36 percent year-over-year to $204 billion.
The brand’s U.S. sales volume grew by 33.8 percent year-over-year.
“Real estate proved to be a hot investment in 2021,” said Philip White, president and CEO of Sotheby’s International Realty. “Once again, agents affiliated with Sotheby’s International Realty outperformed the industry average and achieved record-breaking home sales as buyers continued to depend on their trusted expertise to navigate a constrained market.”
A press statement notes that as buyers continued to prioritize properties in states with no income tax such as Florida, Texas, and Wyoming, international destinations including the Bahamas, Cayman Islands, Switzerland, Hong Kong, and Singapore remained popular for their favorable tax structures—all posting significant gains for Sotheby’s in 2021. Last year, the brand opened 86 new offices, bringing the brand’s total presence to more than 1,000 offices in 79 countries and territories with more than 25,000 independent sales associates worldwide.