Legacy Properties Sotheby’s International Realty Reports Record Results in 2019 for Maine Home Sales

(Strong Growth Leads to more than a Half-Billion in Sales Volume and Top 4 Ranking Statewide)

Maine Real Estate (January 2020) – Legacy Properties Sotheby’s International Realty, Maine’s leading luxury property company, with offices in Portland, Kennebunk, Brunswick, Damariscotta, and Camden, announced today that it achieved record sales in 2019. The company reported annual property sales of $517 million as well as a record number of transactions totaling 861 sides. Legacy Properties Sotheby’s International Realty continues a long-running string of record annual performance results.

“I can remember when the concept of achieving $500 million in sales volume seemed so distant and unreachable,” said Chris Lynch, President. “The Maine real estate market is really quite small in any given year such that it takes significant market share gains to continue to grow and prosper. Our ability to sell more homes for more money than any of our competitors has been the key to our growth.”

Legacy Properties Sotheby’s International Realty is also proud to report that it ranks as the #4 real estate company in Maine for all sales statewide. “In theory, as we grow, gain market share and further penetrate our core markets, one would expect our average sale prices to decline,” adds Lynch. “Our average sale price for all properties increased to more than $600,000 per property. We have excelled in our ability to put our buyer clients in a position to succeed in such a competitive market environment while also securing many of the most attractive listings in Maine.”

Legacy Properties Sotheby’s International Realty attributes its success to offering listing clients a very strong package of marketing services including critical professional photography, 3D Virtual Tours, glossy print advertising, global property distribution through its exclusive network of agents, and luxury branding through its affiliation with Sotheby’s International Realty. “We continue to heavily invest in new marketing platforms and office efficiency systems to ensure that we can get the maximum exposure for homes in our network,” states Chris Fortunato, Chief Operating Officer. “Our expanded relationship with the Wall Street Journal and Boston Globe are a couple of great examples of the many exciting marketing venues we offer.”

“We have been fortunate that our seller clients have been able to benefit from a very rich marketing platform and superior property presentation,” Lynch concludes. “In 2019, and as we head into 2020, we have significantly improved our internal communication systems to better serve our buyer clients as well. Our attention to detailed information has been a tangible asset to our buyer and seller clients, and we fundamentally believe that their homes deserve the top quality presentation and the exposure that we uniquely offer.”