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Sotheby’s International Realty Tops in Sales Volume

According to MLS Year to Date Stats for Montecito and Santa Barbara


Luxury real estate firm Sotheby’s International Realty, Inc., ranked as the leading Santa Barbara County real estate company by sales volume year to date, executives of the firm announced today.

According to data from the Santa Barbara Multiple Listing Service, Sotheby’s International Realty’s total residential real estate sales volume in Santa Barbara and Montecito was approximately $540 million from January 1, 2010 to August 26, 2010, with $291 million in list sides and $249 million in buyer’s sides. Sotheby’s International Realty represented 27% of the MLS’s sales volume with an average sales price of $1.7 million in these two markets during that period.

These market statistics demonstrate that this premier luxury real estate brokerage is experiencing positive signs in a challenging season for real estate.

“We could not be more proud of the accomplishments of our agents. Through hard work, flexibility and outstanding attitudes, our Sotheby’s International Realty agents in Santa Barbara and Montecito have gone the extra mile in uniting extraordinary properties with extraordinary lives,” said Senior Vice President and Brokerage Manager Greg Tice. “We are thrilled to have an office environment that fosters the kind of dedication that leads to such impressive results.”

Sotheby’s International Realty also boasts the leading market share this year to date in Montecito, an area frequently sought after by buyers for its unparalleled coastal climate.

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Sotheby’s International Realty was founded in 1976 as a real estate service for discerning clients of Sotheby’s auction house and represents fine properties at a range of price points. Today, Sotheby’s International Realty, Inc. operates brokerage offices in key metropolitan and resort markets, including Manhattan; the Hamptons; Greenwich, Conn.; Cape Cod; Palm Beach, Fla.; Beverly Hills, Brentwood, Pasadena, Santa Barbara; San Francisco; Sonoma; Monterey Peninsula; and Santa Fe, New Mexico.

Sotheby’s International Realty, Inc. is part of NRT LLC, the nation’s largest residential real estate brokerage company, and a member of the Sotheby’s International Realty® network that spans 37 countries. NRT, a subsidiary of Realogy Corporation, operates Realogy’s company-owned real estate brokerage offices.

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