LIV Sotheby’s International Realty Crosses Over Record Books In 2016

LIV Sotheby’s International Realty closes an all-time strong year, closing 4 record-breaking sales in their Atlanta region, and continues to post 2016 at a multi-year high

Serves as leading real estate firm’s latest achievement in record setting year

— LIV Sotheby’s International Realty Atlanta closed 4 record-breaking sales in its fourth quarter, as the company brings home another impressive all-time record year and highlights of a strong year were recorded in the company’s fourth quarter. LIV has already surpassed four record-breaking sales in Atlanta in the first half of 2016, a point where the company has not achieved those same sales in the previous six years, in addition to several multimillion dollar sales in their fourth quarter, which represented approximately 14% of the 4,009 homes sold in the company’s fourth quarter, excluding contract cancellations.

“A record-breaking year in 2016 is now, and will likely be, LIV Sotheby’s International Realty’s fourth best year ever,” said Pete Pietrondi, CEO, LIV Sotheby’s International Realty. “The company has benefited from a combination of strong market fundamentals and effective product positioning, and as a result, has garnered more of our customers’ purchase and rental inquiries in more cities. This has resulted in an impressive 9% year-over-year increase in the total number of sales in our fourth quarter.”

In the company’s fourth quarter, they closed 11 deals totaling $103 million, representing approximately 9% of the 4,009 homes sold in the company’s fourth quarter, excluding contract cancellations. Atlanta’s four largest cities, Atlanta, New York, Miami and San Francisco, now represent 31% of the company’s total sales volumes, up from 28% in 2015, representing increases of 8%, 15% and 8%, respectively. Atlanta remains LIV Sotheby’s largest city, representing approximately 37% of the total sales volumes, up from approximately 30% last year.

LIV Atlanta finished fourth in the nation in single-family home sales in 2016 and ranks #2 in its segment in Atlanta, representing 34% of total home sales volume. LIV’s closings in Atlanta are up 67% year-over-year in 2016 and it’s now a top 10 residential market in the nation in the number of single-family homes sold and shares.

As of Dec. 31, 2016, LIV Atlanta listed 5,900 homes in its portfolio, representing 23% of the company’s total properties and representing 24% of its overall sales volume.

Pietrondi added, “Our organization continues to outpace the industry, and we are strengthening our footprints and growing our market share not only through our residential sales and brokerage operations, but also our leasing and commercial services.”

Pietrondi credited the company’s continuing success to a proven strategy of integrating multiple services into one offering, which creates a seamless approach to real estate. “Our company’s ability to combine the thorough knowledge of our agents and brokers with the resources of our systems is an important part of our success, as our branding drive inspires and empowers our agents and brokers to provide the finest service to their clients. We have truly created a team concept, and we’re seeing it work as a result.”

About LIV Sotheby’s International Realty

LIV Sotheby’s International Realty is the preferred luxury real estate brokerage for buyers and sellers throughout the U.S., Canada, Mexico and Latin America. The industry’s largest independent luxury real estate brokerage, LIV Sotheby’s International Realty services homes across a wide range of price points and criteria. The company has operated since 1982 and offices in major U.S. cities as well as major international cities including: Los Angeles, San Francisco, Seattle, Vancouver, Miami, Toronto, Mexico City, Mexico City, Santiago, Mexico City, San Antonio, Austin, Houston, Dallas, Chicago, Minneapolis, Boston, Atlanta, New York City, Washington, D.C., Toronto, Montreal, Vancouver, Montreal, London, Paris, Barcelona, Munich, Amsterdam, Tokyo, Berlin, Hong Kong, Beijing, Shanghai, Taipei, Beijing, Taipei, Beijing and Sydney.

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