Douglas Elliman Sales Jump to $26.1 Billion in 2017
February 2, 2018
Douglas Elliman closed out 2017 with $26.1 billion in sales which translates to a 6.1 percent over the prior year. Great news amidst fewer new development sales and buyers looking for a deal. See The Real Deal article
Strong fourth quarter sales contributed to Elliman’s 2017 numbers. Up 10.5 percent from 2016, the New York based brokerage had $6.3 billion in sales between October 1 through December 31, 2017. In December, an unknown buyer paid $91.1 million for three units at 432 Park Avenue along with other eight-figure deals at the high-rise marketed by Elliman.
According to The Real Deal’s most recent ranking of top firms, Elliman is the largest residential brokerage by agent count with 2,350 agent in Manhattan. Elliman expanded its nationwide presence last year with the acquisition of Los Angeles-based Tele and new development specialist Otis & Ahearn in Boston.
Pleased to be affiliated with of Douglas Elliman, Nicholas Malinosky and Randy Ely have achieved the designation as Executive Directors of Luxury Sales for the Delray Beach office. With over 40 years of combined experience, Randy & Nick reached over $100 million in total sales volume during 2017 and are experiencing a productive 2018.
Looking to sell your oceanfront compound? Ready to buy a waterfront estate? Want to purchase a beach area residence? Please contact Nicholas Malinosky and Randy Ely to discuss your luxury real estate goals.
It’s Time for Elliman!
Photo courtesy of The Real Deal.