Gibson Sotheby’s International Realty Achieves Record Year of Productivity and Growth in 2018
Posted by Becca Logue — February 1, 2019
BOSTON, MA – Gibson Sotheby’s International Realty has announced exceptional agent count, productivity and profitability gains in 2018, closing over $2 billion in annual sales volume. The company’s record production results were fueled by over 2000 transactions. With the aid of its globally-recognized brand, Gibson Sotheby’s International Realty fostered its relationships and rapport with some of the most active and successful national and international brokerages, generating more than $70 million in sales volume from referral-generated leads.
The firm’s momentum is marked by a few key accomplishments, according to MLSpin:
- The highest average price in Massachusettsof the top 5 companies.
- The highest average price in Cambridge of the top 3 companies.
- The second highest average price in Boston of the top 3 companies.
In 2018, Gibson Sotheby’s International Realty strategically expanded into South Boston, the South Shore and Cape Cod through the acquisition of Broadway Village Real Estate, Home Center Sotheby’s International Realty, and old Cape Sotheby’s International Realty. This expansion extended Gibson Sotheby’s International Realty’s reach from Cape Ann to Cape Cod and added nine new offices to the Boston-headquartered brokerage. The company now operates with a network of 300 associates in a total of 17 offices across Eastern Massachusetts.
“The supportive and professional environment we foster stimulates our continued success—as an agency and as individual agents,” said Paul McGann, President and Co-Owner of Gibson Sotheby’s International Realty. “Especially in our new territories, we are actively recruiting productive agents who echo the camaraderie of our ever-growing family and seek to deliver the premium white glove service of which we are known.”
“These results are a testament to the outstanding individuals who comprise the Gibson Sotheby’s International Realty team,” added Larry Rideout, the company’s Chairman and Co-Owner. “Their remarkable work ethic, extraordinary proficiency in their real estate markets and unwavering dedication to be the very best in their chosen profession are why buyers and sellers on a local and global level turn to us for their real estate needs.”
“Our associates’ drive, passion and collaboration are what sets Gibson Sotheby’s International Realty apart and keep us on the leading edge, both as a company and in each of our local markets,” affirmed Colleen Barry, CEO of Gibson Sotheby’s International Realty. “Our family-like culture is truly unique, and our growth trajectory is unparalleled. In 2019, we expect the positive market experienced in 2018 to continue throughout the new year, along with increased production and operating efficiencies in all areas of our business.”
Since Gibson Sotheby’s International Realty’s founding in 1962, management has focused on building a collaborative industry-leading team by offering unique marketing services and a proprietary technology network for its associates. Under Co-Owners Larry Rideout and Paul McGann’s leadership for over a decade, the firm has grown exponentially, and today serves as the largest independently-owned real estate company in Boston.