Kuper Sotheby's International Realty (Kuper) broke their own records in 2019 as measured both locally in Texas and around the world as part of the Sotheby’s International Realty Network in sales volume, website traffic, media exposure, and agent success. Their performance stems from their approach: never rest on your laurels and work to always redefine the highest level of service.
Sotheby’s International Realty is pleased to announce that the brand and its sales professionals achieved more than $114 billion in global sales volume, the highest annual U.S. sales volume performance in the history of the company. “In 2019, the Sotheby’s International Realty brand continued to achieve solid growth,” said Philip White, president and chief executive officer for Sotheby’s International Realty. “The brand expanded into new countries and territories and entered new markets in the U.S. We continued to make strategic business decisions that benefitted both our independent sales associates and affiliate companies. I am immensely proud of the hard work and dedication from our vast global network, and I look forward to continuing this momentum in 2020.”
Locally, Kuper also celebrated a record year, with $2.3 billion in total sales volume. The company completed over 4,000 transactions in 2019 with an average transaction price of $569,039. These numbers also earned Kuper multiple spots on the prestigious Real Trends Five Hundred ranking report, released on March 26th, including #110 in the country by total sales volume, #245 in the country by transaction sides, #10 among all Sotheby’s International Realty Affiliates nationwide, #30 in the country by average sales price, #110 on the “billionaire’s club” list, and #40 on the “top movers” list with a 19.3% year-over-year volume increase.
Only 1,700 firms nationwide qualified for this year's REAL Trends 500. According to a research report produced by REAL Trends, the 500 largest residential real estate brokerage firms in the country closed over 3.4 million residential sales transactions in 2019. These transactions were valued at over $1.3 trillion and represented over one-third of all new and resale transactions completed by brokers during the year, yet the REAL Trends 500 represented less than 0.5 percent of all brokerage firms.
"For several years running, the REAL Trends 500 has gained market share," says Steve Murray, president of REAL Trends. "In 2019, the REAL Trends 500 did it again—up 5.3 percent against a national existing home sales factor that was flat." It took 1,992 transactions to be included in this year's REAL Trends 500, and in 2019 there were 301 firms recording over $1 billion in residential sales, up from 297 firms accomplishing this in 2018.
Propelled by a strategic business move in March 2019, when Sotheby’s International Realty integrated its affiliate network and company-owned brokerage into one global organization, 50 new Sotheby’s International Realty offices were opened, bringing the brand’s presence and network to 1,000 offices in 70 countries and territories and more than 23,000 affiliated sales associates worldwide.
Sotheby’s International Realty continued to lead the category with the roll-out of exclusive marketing affiliations and first-ever technology launches, announcing it will soon unveil a new, fully integrated website. The brand’s existing website, sothebysrealty.com, saw another record year with more than 34 million visits, a 14 percent increase year-over-year. To support the daily business needs of the network’s more than 23,000 independent sales associates, the brand unveiled Current by Sotheby’s International Realty® a robust marketing suite of technology tools consisting of best-in-class and exclusive apps, which provide sales associates with a distinctive and competitive edge in the market.
Locally, Kuper is comprised of over 300 industry and community leaders in Austin, San Antonio, New Braunfels, and Boerne. The agents of Kuper make the company what it is, creating an unparalleled culture internally that extends externally to every person they serve. Our Top 10 producing agents in our Austin and San Antonio markets represent the most successful 1% of all agents city-wide. Their accomplishments are outstanding, but the service they provide their clients is even more impressive.
About Kuper Sotheby's International Realty: Kuper Sotheby's International Realty is the leading real estate brokerage firm for Central and South Texas. Since its affiliation with Sotheby’s International Realty, Kuper Sotheby's International Realty is part of an international collection of real estate companies expressly chosen for their history and reputation for providing high levels of integrity, service and client satisfaction. Whether it be residential, farm & ranch, lake or urban living, the company and its agents are attuned to the local real estate markets and are positioned to serve any and all of our client's needs.