Luxury brand sales grow by over 53% to start 2025 due to strategic recruitment of top advisors
NAPLES, Fla., Feb. 19, 2025 /PRNewswire-PRWeb/ -- Engel & Völkers Florida today announced its 2024 year-end performance, reporting record-breaking growth, strategic talent acquisition, and continued expansion despite industry-wide challenges. The company strengthened its presence across Florida, attracting top-producing advisors and opening new shops in key markets.
"We continue to thrive by prioritizing quality over quantity—strategically hiring experienced agents from other brands that exceed $700 million in annual sales volume," said Peter Giese, CEO of Engel & Völkers Florida. "Our ability to attract elite advisors and franchise partners is a testament to the strength of our global niche luxury brand, our industry-leading tools, and the exceptional support we provide. This momentum positions us for another year of market-share growth in 2025."
Engel & Völkers Florida closed the year with $3.47 billion in total sales volume, marking a 10 percent increase from 2023. The company completed 4,414 transactions, an 8 percent jump from the previous year, with an average sales price of $773,135. Million dollar property sales surpassed $1.695 billion, with 757 transactions averaging $2.24 million. The ultra-luxury segment—homes priced over $10 million—saw record-breaking deals, including a $33 million sale represented by Stephan Hermida, advisor at Engel & Völkers Miami, and a $25 million sale represented by Alexandra Solimine, advisor at Engel & Völkers Wellington.
"Our success at Engel & Völkers Suncoast is a direct result of our commitment to quality, service, and the ability to attract the best talent in the industry," said Victoria Stutlz, License Partner of Engel & Völkers Suncoast. "By focusing on the needs of both our clients and our advisors, we've been able to cultivate an environment where everyone thrives. This past year's growth, including adding over $130 million in annual sales volume, is a testament to the strength of the Engel & Völkers brand and the exceptional professionals we're fortunate to have on our team. We're excited for what 2025 holds as we continue to expand and elevate the luxury real estate experience in Florida."
Engel & Völkers Florida's recruitment efforts resulted in significant production gains, with Engel & Völkers Suncoast alone adding over $130 million in annual sales volume. The company's top-performing franchises for talent attraction included First Coast, Pensacola, Tampa Downtown, Florida Keys, and New Smyrna Beach, reinforcing the brand's ability to draw top-tier professionals looking to grow their businesses in an evolving market.
The brand further solidified its market presence with new franchise signings in Hutchinson Island, Pensacola, Pompano Beach, Trinity, and Upper Tampa Bay. In addition, grand openings took place in Marathon, New Smyrna Beach, Ocala, and South Tampa. Openings slated for 2025 include Key West, Lakewood Ranch, Melbourne Downtown, Miami Beach, Naples, Pensacola, Pompano Beach, Tallahassee, Tampa Downtown, Trinity, and Upper Tampa Bay. The company also saw key ownership transitions in Islamorada and Naples.
Press contact:
Kaitlin Weigelt, Marketing and Brand Manager
Email: Kaitlin.Weigelt(at)evrealestate.com
Tel: (239) 348-9000
About Engel & Völkers:
Engel & Völkers is a global luxury real estate brand. Founded in Hamburg, Germany, in 1977, Engel & Völkers draws on its rich European history to deliver a fresh approach to luxury real estate in the Americas with a focus on creating a personalized client experience at every stage of the home buying or selling process. Engel & Völkers currently operates approximately 300 shop locations with over 6,500 real estate advisors in the Americas, contributing to the brand's global network of over 16,600 real estate professionals in more than 30 countries, offering both private and institutional clients a professionally tailored range of luxury services, including real estate and yachting. Committed to exceptional service, Engel & Völkers supports its advisors with an array of premium quality business services; marketing programs, and platforms; as well as access to its global network of real estate professionals, property listings, and market data. Each brokerage is independently owned and operated. For more information, visit www.evrealestate.com.
About Engel & Völkers Florida:
Engel & Völkers Florida, as the Master License Partner of the esteemed luxury real estate brand Engel & Völkers in Florida, stands as a beacon of excellence in the state's real estate landscape. The company is renowned for its multifaceted marketing approach, seamlessly blending traditional and modern methods, offering training programs tailored for seasoned real estate professionals seeking to enhance their existing businesses, and for fostering a collaborative global network. Engel & Völkers Florida's unique business model propels its franchisees to the forefront of the premium market, enabling them to seize market share and fortify their bottom line. With a robust presence spanning over 50 markets, including iconic destinations, coastal retreats, thriving metropolises, and quaint towns, Engel & Völkers Florida represents a network of franchise locations strategically positioned to cater to the discerning needs of luxury clientele across the Sunshine State. Continuing its strategic growth initiatives, Engel & Völkers Florida is committed to further strengthening and expanding its footprint in key premium real estate markets statewide. For those interested in learning more about the Engel & Völkers brand or exploring opportunities to join its esteemed global network, renowned for its hallmark attributes of competence, exclusivity, and passion, inquiries are welcomed at our corporate office located at 633 Tamiami Trl N, Suite 201, Naples, FL 34102 USA. Alternatively, you can reach us by phone at +1 239-348-9000. For comprehensive information about Engel & Völkers Florida, please visit http://www.joinevflorida.com.
Media Contact
Kaitlin Weigelt, Engel & Völkers Florida, 1 2393489000, [email protected], joinevflorida.com
SOURCE Engel & Völkers Florida
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