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Business Observer Tuesday, Jan. 11, 2022 2 weeks ago

Naples-based brokerage sales volume breaks $10.7 billion

The company reported gains in markets across Florida and North Carolina.

NAPLES — After surpassing its 2020 record-breaking total sales volume in August, Premier Sotheby’s International Realty went on to finish out 2021 with an increase of 51% in sales volume year-over-year. 

The Naples-based brokerage achieved a record $10.7 billion in total company sales volume for the year. The average sales price of $931,567 was also up 17%. The company closed on 11,471 transactions throughout the year — a 29% increase from 2020, according to a statement.  

Premier Sotheby’s International Realty has 40 offices throughout Florida and North Carolina. It reported gains in each of those markets year over year. The market gains specific to the west coast of Florida include: 

  • Naples region: 49% increase in total sales volume, 31% increase in the number of transactions and average sales price was up 13%.
  • Sarasota region: 44% increase in total sales volume, 24% increase in the average sales price and the number of transactions was up 16%.
  • Tampa Bay region: 44% increase in total sales volume, 26% increase in the number of transactions and average sales price was up 15%.

“We are deeply grateful for our valued customers who entrust us on their real estate journeys, and for our best-in-class global advisors who define our unique culture of exceptionally elevated experiences,” says Premier Sotheby’s International Realty President and CEO Budge Huskey in the release. “Those we serve, and who serve, have allowed us to shatter our previous record — confirming our position as one of the nation’s leading brokerages.”

The firm, ranked No. 21 in the annual REAL Trends 500 survey of the top U.S. residential sellers by 2020 sales volume, is associated with Sotheby's auction house, established in 1744. It also ranked No. 19 nationwide in sales volume in RISMedia’s Top 500 Power Broker Annual Report. The brokerage is a division of Naples-based The Lutgert Cos., a prominent member of Southwest Florida’s business community since 1964.

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