The June 9th print edition of the Puget Sound Business Journal revealed the list of Largest Residential Real Estate Firms in Washington, ranking Realogics Sotheby’s International Realty sixth overall, an apropos position given that it is the firm’s sixth consecutive year on the list. Ranked by 2016 residential home sales in the Puget Sound region, RSIR reported $1.07 billion in local residential sales last year. Most notably, despite being smaller than any of the brokerages in the top 5 spots at 195 agents, the boutique brokerage reported an average sales price of $767,000, higher than the average of each of the top 5 firm’s by at least $225,000.
As the article describes, “The 25 companies ranked on the list collectively reported residential home sales of $50.2 billion in 2016 in King, Kitsap, Pierce and Snohomish counties. These companies also reported employing 11,155 brokers in the region.” In the print edition, the list is opposite an RSIR feature that outlines the firm’s position as a global real estate leader.