Sotheby’s International Realty Welcomes Napa Valley Firm

MADISON, N.J. (May 3, 2016) – Sotheby’s International Realty Affiliates LLC today announced that Gates Estates in Yountville, California is the newest member of its real estate network and will now operate as Gates Estates Sotheby’s International Realty.

The firm is owned and operated by Cyndi Gates, a seasoned Napa Valley real estate professional who has been in the business since 1979. Gates Estates Sotheby’s International Realty will serve the northern Napa Valley region including Napa, Yountville, Oakville, Rutherford, St. Helena and Calistoga, California. With this addition, the Sotheby’s International Realty® network now has 115 branded offices throughout the state of California.

“Yountville is a quintessential Napa Valley town with wine country charm and gourmet dining,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “The area is a blossoming luxury residential real estate market, and we are proud to welcome Gates Estates Sotheby’s International Realty to our network.”

“Having worked in Napa Valley real estate for over 35 years, I have seen the region flourish into the wine country and vacation destination it is today,” said Gates. “I established my own firm in 2009 to better serve the community I have come to know and love. As a boutique residential real estate brokerage with a concierge-style approach, our goal is to smoothly guide our clients through their real estate transactions, making their experience effortless yet memorable to develop long-term relationships. Affiliating with the Sotheby’s International Realty brand will elevate our already successful business and broaden our marketing horizons, allowing us to strengthen the level of service we provide to our clients.”

Gates Estates Sotheby’s International Realty is located at 6550 Washington Street in Yountville.

The Sotheby’s International Realty network currently has more than 18,800 affiliated independent sales associates located in approximately 835 offices in 63 countries and territories worldwide. Gates Estates Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

Sotheby’s International Realty Expands into Nicaragua

MADISON, N.J. and EMERALD COAST, NICARAGUA (April 29, 2016) – Sotheby’s International Realty Affiliates LLC today announced the brand’s expansion into Nicaragua with the opening of Nicaragua Sotheby’s International Realty.

Nicaragua Sotheby’s International Realty is owned by Emerald Coast Realty. Led by Managing Partner Trevor Barran, Nicaragua Sotheby’s International Realty will serve the luxury real estate market throughout the country.

“With its uniquely beautiful landscape, Nicaragua is emerging as a robust destination for luxury real estate,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “The Nicaragua Sotheby’s International Realty team has successfully developed and sold luxury properties in New York, Miami and around Latin America and are passionate and knowledgeable about the Nicaraguan real estate market. We are proud to welcome them to our global network.”

“We are excited to represent the Sotheby’s International Realty® brand in Nicaragua and are committed to providing an unrivaled level of service to our clients,” said Barran. “This affiliation strategically positions us for continued growth in this emerging market. We believe in the long-term potential of Nicaragua and are invested in its success.”

The Sotheby’s International Realty network currently has more than 18,800 affiliated independent sales associates located in approximately 835 offices in 63 countries and territories worldwide. Nicaragua Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

In the News – Wall Street Journal

Recently quoted in the Wall Street Journal, Chris Lynch weighs in on the second home market and waterfront properties.Maine Real Estate

 

 

 

Maine Home Sales and Values Up In March

AUGUSTA (April 20, 2016)—Single-family existing homes in Maine experienced a healthy bump in sales volume and value over the past 12 months. Realtors from across Maine’s 16 counties reported 1,089 sales in March 2016—a 14.63 percent jump from March 2015. Home values are also on the rise, with statistics indicating a 7.35 percent increase to a median sales price (MSP) of $182,500. The MSP indicates that half of the homes were sold for more and half sold for less.

The National Association of Realtors today reported a 2.6 percent increase in sales nationwide, and a national MSP increase of 5.8 percent to $224,300 in March. Regional sales in the Northeast are 7.7 percent higher than one year ago, and the regional MSP of $254,100 reflects a 5.8 percent increase.

Ed Gardner, 2016 President of the Maine Association of Realtors, said, “The latest statistics indicate a healthy real estate market statewide this spring with most counties showing year-over-year improvement in number of sales and increasing values. Conversations with REALTORS® around Maine indicate that the market is brisk at all price points with multiple offer situations a regular occurrence for move-in ready properties.”

Gardner, Broker/Owner of Ocean Gate Realty LLC, added, “If you’re in the market to sell, present your home in the best condition possible and work with a REALTOR® to properly price the property for a smooth and successful real estate transaction.”

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of March only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling quarter of January, February and March of 2015 and 2016.

MaineHousingReport-March2016_Page_2

Rightsizing and Downsizing

Sandra Wendland, Maine Real Estate AgentWhether you’re getting ready to move into a retirement home, or smaller residential home or apartment, experts offer advice – both practical and financial – on downsizing the right way.

Listen to our own Sandra Wendland, Vice President, Realtor, Legacy Properties Sotheby’s International Realty discuss downsizing on MPBN’s Maine Calling.

Listen here.

Apple News Partnership Extended Through June 2016

We’re excited to announce that our extremely successful Apple News partnership has been extended to run through June of this year!

Apple News is the new application baked into every Apple device running iOS 9 or newer, allowing us to potentially reach over 800 million iPhones, iPads, and iPod Touches.

Our ad units have a 5% Share-of-Voice on the For You section of the app + a 25% Share-of-Voice in the app’s Business Channel.

You can also add the Sotheby’s International Realty channel within Apple News, which has content automatically fed via our Extraordinary Living blog. It can be found by searching for Sotheby’s International Realty within the News app, or clicking here on your iOS device.

Proven Results: Since going live on 10/16, Apple has been the #3 overall traffic driving source to sothebysrealty.com behind Search and Facebook. 82% of those users are new to sothebysrealty.com.

Sotheby’s International Realty® Brand Welcomes Virginia Beach Firm

MADISON, N.J. (March 30, 2016) – Sotheby’s International Realty Affiliates LLC today announced that Weaver Advantage Team, Inc. in Virginia Beach, Virginia, is the newest member of its real estate network and will now operate as Atlantic Sotheby’s International Realty.

Owned and operated by Kris Weaver, the firm will service the residential real estate markets in Virginia Beach, Norfolk, Chesapeake, Newport News, Williamsburg, Eastern Shore and Northern Neck. With this addition, the Sotheby’s International Realty® brand now has five independently owned and operated affiliates in the state of Virginia including: Frank Hardy Sotheby’s International Realty, Hunt Country Sotheby’s International Realty, The Steele Group Sotheby’s International Realty and TTR Sotheby’s International Realty.

“Virginia Beach is a popular beach town destination with a strong luxury residential real estate market,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “Expanding into this area has been one of our brand’s objectives, and we are proud to welcome Atlantic Sotheby’s International Realty to our network.”

“Affiliating with the Sotheby’s International Realty brand allows us access to the finest marketing platform in the luxury real estate space and an impressive global network of agents,” said Weaver. “Our goal is to provide our clients with the best possible experience buying, selling and leasing real estate; we are thrilled to align with a brand that can elevate us to the next level.”

Atlantic Sotheby’s International Realty currently has two offices, with its main office located at 2901 S. Lynnhaven Road, Suite 450, Virginia Beach, Virginia, and plans for a third office in a prime oceanfront location opening later this year.

The Sotheby’s International Realty network currently has more than 18,800 affiliated independent sales associates located in approximately 835 offices in 63 countries and territories worldwide. Atlantic Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated

Sotheby’s International Realty Expands Luxury Brand Presence into Singapore

MADISON, N.J. and SINGAPORE (March 29, 2016) – Sotheby’s International Realty Affiliates LLC today announced that it has signed an agreement with List Holdings Singapore PTE. LTD. to develop the Sotheby’s International Realty® brand in Singapore.

List Holdings Singapore PTE. LTD. is owned by the same company that operates List Sotheby’s International Realty in Japan and Honolulu, Hawaii. The firm’s Singapore location will be led by Hisashi Kitami, owner and chief executive officer of List Sotheby’s International Realty.

“Singapore is a global financial center making it an attractive market for international buyers,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “Hisashi Kitami and his team share our brand’s core values and commitment to providing the highest levels of service.”

List Sotheby’s International Realty is expected to open its first office in Singapore during the second half of 2016.

“As part of the Sotheby’s International Realty network, we have seen great success in Hawaii and Japan and are excited to expand into Singapore,” said Kitami. “The country has an international consumer base and the global exposure offered by the brand will continue to be beneficial to our clients.”

The Sotheby’s International Realty network currently has more than 18,800 affiliated independent sales associates located in approximately 835 offices in 63 countries and territories worldwide. List Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

Sotheby’s International Realty Significant Sales – Vol. 11 – 2016

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Maine Home Sales Up 21.72 Percent In February

AUGUSTA (March 21, 2016)—Sales of single-family existing homes in Maine continued their upward climb during the month of February. Maine Listings reported a 21.72 percent jump in sales over the past 12 months. The median sales price (MSP) of $160,000 reflects a slight price decline of 4.42 percent. The MSP indicates that half of the homes were sold for more and half sold for less.

Nationally, sales of single-family existing home sales increased 2.0 percent, and the national MSP rose 4.3 percent to $212,300 in February. According to the National Association of Realtors, the regional Northeast experienced a 5.0 percent sales jump in the past year, while the regional MSP eased 0.8 percent to $239,700.

Ed Gardner, 2016 President of the Maine Association of Realtors, says, “If you’re thinking about buying this spring, consult with a REALTOR® who has unique local market knowledge and insights that can’t be replicated by online searching.” Gardner, Broker/Owner of Ocean Gate Realty LLC, added, “Let your REALTOR® help you make a smart decision and be your resource through the home buying process. With a REALTOR® by your side, you will be empowered to buy your greatest investment, with knowledge and competence.”

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of February only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling quarter of December (’14 and ’15), January (’15 and ’16) and February (’15 and ’16).

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