Ellis Sotheby’s International Realty today announced that it achieved record sales in 2017, increasing its sales volume nearly 19 percent from 2016 and selling more luxury, single-family homes in New York’s Rockland and Orange counties and Hudson River towns than its competitors.
Home sales recorded by the Hudson Gateway Association of Realtors’ multiple-listing service show the Nyack-based firm was the market-share leader in sales volume for luxury homes valued at more than $1 million: 35.57 percent market share in Rockland County and 29.22 percent each in Orange and Rockland counties.
In the Hudson River towns of Grandview, Palisades, Piermont, Nyack, South Nyack, Upper Grandview and Upper Nyack, Ellis Sotheby’s International Realty also commands the number-one position in market share for single-family homes, with 56.88 percent market share for the $1 million-plus home market and 23.80 percent for homes across all price points.
Ellis Sotheby’s International Realty sold the most homes on the Hudson River, 57 percent, ranging from $850,000 to a record-setting price of $3.5 million. “These communities are the gold coast of Rockland County and are in demand by New Yorkers looking to move out of the city full time or looking for a second home,” said owner Richard Ellis.
“Business has been booming,” he said. “We are very proud of our sales associates’ activity in the lower Hudson Valley, including Snedens Landing, where we recently sold the iconic, pre-Revolutionary Ding Dong House for $3.21 million. It was quite a year for us.”
Ellis Sotheby’s International Realty also achieved the highest average sales price for single-family homes in Rockland County − $918,765 − and in the river towns − $1,268,176 − for offices with more than five transactions. The firm has been the luxury market leader for homes sales in the million-dollar-plus range in Rockland County for 10 of 11 years and in the river towns for 11 of 13 years.
“Sellers and buyers need the professional advice of Realtors who know the marketplace well, have the ability to market properties successfully and have the backing of a strong, respectable and global brand,” said Ellis. He said he is proud that Ellis Sotheby’s International Realty has 40 percent of the top 10 salespersons for luxury homes sold for over $1 million in the river towns and Rockland County’s Orangetown and Clarkston.
“These statistics demonstrate why we are in a unique position to provide confident recommendations to our clients, whether they are buying or selling,” said Ellis. “Our professional sales associates can guide clients based on our long-standing history as the market leader for selling and marketing a variety of luxury homes and doing so with the utmost respect and discretion.”
The group also made its foray in New Jersey, listing and selling homes, including a $2.15 million listing in Rockleigh, Bergen County.
“I’m so proud of our team and what we accomplished in 2017,” Ellis said. “It’s shaping up to be another great year. My team is passionate about real estate, and we expect to do even more business in 2018 and have fun along the way.”