HOUSTON – (Dec. 18, 2007) –
Setting yet another record, John Daugherty, Realtors
– which has sold more than $7 billion in homes and estates since the turn of the century – reported the best November in the company\\\'s stellar 40-year history.Houston\\\'s No. 1 independently owned luxury residential real estate firm posted sales of $92,436,000 last month. “The impressive sales milestone included 20 transactions of $1 million or more,” said John A. Daugherty, Jr., president of John Daugherty, Realtors. “Last month was our best November ever.”“Our terrific sales record was made possible by our satisfied clients, our remarkably capable sales team, our well-seasoned managers, and our highly efficient support staff. Those are some of the reasons why John Daugherty, Realtors is the market leader in the neighborhoods we serve,” added Daugherty.Honored by the Houston Business Journal as the largest independent upscale residential real estate firm in the Houston area according to sales volume, John Daugherty, Realtors was involved in 51 percent of the most expensive home sales in Houston since 2000 and continues to be the leader in the multimillion-dollar markets in Houston.“Thanks to a continuing strong economy, Houston\\\'s real estate market remains steady,” said Daugherty. “Our economy has diversified significantly over the past several decades and we have the world-class Texas Medical Center and the nation’s third largest port. Energy prices continue to rise and that also bodes well for the Houston area.”John Daugherty, Realtors’ performance in November is a positive indicator of the strong economic conditions in Houston. As the housing market slows in other areas of the country, John Daugherty, Realtors has seen one of the best years in its history.Home buyers also believe a home continues to be a good long-term investment because the stock market fluctuates daily. “At the same time, homes that are realistically priced are selling well,” Daugherty said.The Houston Association of Realtors stated in November that Houston is on track for its second best year on record. “The Multiple Listing Service reported last month that housing sales figures in Houston reflect economic conditions that are healthier compared with the rest of the country,” said Daugherty. “Even in light of sub-prime housing concerns, Houston is still outperforming 2005 levels.”One of the most respected names in Houston real estate, John Daugherty Realtors has continually maintained a commanding share of the home buying and home selling markets in Houston\\\'s most prestigious neighborhoods including the River Oaks, Memorial, Tanglewood, West University/Rice/Museum/Medical Center/Bellaire, Briargrove, Briargrove Park, West Houston, Katy, and Fort Bend.With a solid foundation and continued growth, John Daugherty, Realtors is poised to move into 2008 with a strong momentum.