Engel & Völkers Florida Reports Successful First Quarter
Engel & Völkers Florida sees increase in transactions, average sales price, advisor count and franchise sales in the first quarter of 2020
NAPLES, FLA. (PRWEB) May 20, 2020 - Engel & Völkers Florida, Master License Partner of the global luxury real estate brand, today announced its first quarter of 2020 report. The company has seen significant year-over-year increases, a steady stream of transactions at all price points, increased its average listing price, grown advisor count through talent attraction, and is gearing up for a major franchise expansion.
“Engel & Völkers Florida has always been a very collaborative network,” said Timo Khammash, Managing Partner of Engel & Völkers Florida. “As we navigate through these unprecedented times, we continue to work with our colleagues throughout the Americas and abroad to maintain the highest levels of real estate service with the utmost care and support.”
In its first quarter of 2020, Engel & Völkers Florida reported 849 transactions across its 30 shops; a 13 percent increase from transactions seen in quarter one of 2019. The average sales price is $1,095,574 among the recent transactions; a 50 percent increase in year over year from its first quarter of 2019. Engel & Völkers Florida network also saw a 27 percent increase in advisor growth.
"Engel & Völkers Americas has worked very hard to prevent layoffs or furloughs of its corporate staff following the impact of COVID-19," said Anthony Hitt, President and CEO of Engel & Völkers Americas. "Now, more than ever, our network needs support and resources, and we are delivering on that. Our business is built for sustainability, and we are very focused on providing our network what they need most today and in the future. Engel & Völkers has benefited from a very strong first quarter and we are seeing strength in consumer confidence and additional interest from real estate professionals looking to take advantage of our brand strength and offerings to build their business."
Engel & Völkers Florida is continuing its franchise expansion efforts in premium first and second home markets throughout Florida including Alachua County, Bay County, Escambia County, Flagler County, Marion County, Sarasota County and Volusia County. The Master License Partner is also working closely with its existing brokerage shops to gain additional market share in areas such as Broward County, Hillsborough County, Miami-Dade County, Monroe County and Pinellas County.
“We have noticed an uptick in our franchise sales pipeline during Q1,” said Craig Anderson, Senior Vice President, Franchise Sales of Engel & Völkers Florida. “Real estate leaders are seeing how our business has adapted during this time. Our business hasn’t stopped, it's shifted, and it’s attracting a lot of interest.”
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 bespoke, white-glove concierge client experience at every stage of the home buying or selling process for today’s savvy homeowner. Engel & Völkers currently operates approximately 175 shop locations with more than 3,000 real estate advisors in the Americas, contributing to the brand’s global network of over 12,000 real estate professionals in more than 30 countries, offering both private and institutional clients a professionally tailored range of luxury services, including real estate, yachting and aviation. 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.
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, Belleair, Boca Raton, Bonita Springs-Estero, Cape Coral, Clermont, Delray Beach, Destin, Fort Lauderdale, Fort Myers Downtown, Islamorada, Jacksonville, Jacksonville Beach, Jupiter, Leesburg, Madeira Beach, Marco Island, Melbourne Central, Melbourne Downtown, Miami-Coral Gables, Olde Naples, Orlando Downtown, Orlando-Winter Park, Palm Beach, South Tampa, St. Augustine, St. Pete, Stuart, 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.
SOURCE Engel & Völkers
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