May 21, 2016
This month The Real Deal Magazine announced that the Douglas Elliman Real Estate sealed more deals than any other real estate firm in Manhattan. Douglas Elliman Real Estate hit the No. 1 spot with $6.13 billion in sales over the last year. This number is up 43 percent from the previous year and represents $700 million more than the nearest competitor.
According to E.B. Solomont’s article, ‘The Real Deal based its rankings on closed transactions in Manhattan for which the firm held the exclusive listing during the 12 months that ended on February 29. It does not include buy-side deals.’ The Top 25 firms closed more than $20.8 billion worth of transactions during the 12 month period.
The writer credits the increase in sales volume to the influx of new condo sales. The many deals that were written pre-construction and have been under contract for months and even years are finally closing. Solomont also notes that an increase in prices over that last few years means that fewer sales resulted in a higher sales volume. See full article for details
South Florida Douglas Elliman Real Estate agents Nicholas Malinosky and Randy Ely are not surprised by the good news. Mr. Malinosky and Mr. Ely know that their fellow Manhattan Corcoran colleagues are the top agents in the industry. It is no secret that Douglas Elliman Real Estate agents achieve record breaking sales year after year in the luxury real estate markets of South Florida and New York.
Ready to work with the #1 Luxury Team in the Beach Area? Nicholas Malinosky and Randy Ely are available to help you achieve your luxury real estate goals.