We continue to lead and set new precedents in the luxury real estate market, breaking our own records. In Q1 2016, we closed with the highest first quarter revenue in the history of our company.
The past quarter was not only impactful from a revenue standpoint, but also as it relates to our geographic presence — over half of the properties we represented were outside of the United States. While we also remain focused on our domestic growth, we’ve clearly established a global marketplace.
We hit the ground running with 22 luxury properties auctioned between January and March, spanning the globe, across six U.S. states (Arizona, California, Connecticut, Florida, Hawaii, and Utah) and into eight countries (Bahamas, French St. Martin, U.S. Virgin Islands, Jamaica, Mexico, Anguilla, Canada and Puerto Rico).
A Win-Win-Win
In February, our sale of Casa Karen in Los Cabos, Mexico, was a prime example of how the auction process is a win-win-win for sellers, buyers, and agents alike.
Sellers Karen and Victor Redekop feel that auction was the best decision they could have made.
“The Concierge Auctions team is comprised of extraordinary people, and my husband Victor and I consider ourselves lucky to be part of their journey in the Cabo real estate market,” Karen said. “I firmly believe working with Concierge Auctions is the best way to sell a home, not only just here in Mexico, but worldwide. Their recipe for success works — period.”
The buyers, Charlyn and Wade Threadgill of Austin, TX, agree with Karen.
“The auction process was seamless. We were able to view the property several times in advance, and were prepared on auction day with our opening bid,” said Charlyn. “On the day of, we arrived at the home to a cocktail atmosphere in full swing, which made us so excited to possibly be able to host our own! It was invigorating watching the bids change, and when ours was ultimately the final, everyone said congratulations and was genuinely happy for us. It truly felt like we were having our own party.”
Debra Dodson, the broker and owner of Cabo Gold Realty, foresees many more auctions in her market.
“I was so thankful to be involved in such a successful and exciting auction, the first of many auctions to come. It was such a pleasure dealing with such a professional, hardworking and enthusiastic team like Concierge Auctions. They not only made my job as the listing broker easier but also gave the property global exposure. Our entire real estate community watched to see the auction outcome, and I cannot tell you how many e-mails and phone calls I’ve received from brokers and agents thrilled to consider Concierge Auctions a new tool in their bag for selling properties,” said Debra.
Looking to Q2 2016
We continue to build our presence in specific markets of interest. One example is San Diego, California, where we have successfully auctioned seven properties in the past 18 months — totaling over $41 million in sales. Seth O’Byrne of Pacific Sotheby’s International Realty served as both a buyer’s and listing agent alongside us in Q1 2016. In his words, “Without question, Concierge’s big marketing and short timeframe create an incredible outcome. Our buyer was ecstatic to win, and the seller and agents accomplished their goals.”
For Q2 2016, we already have over 25 properties scheduled to auction. Some exciting things to look forward to include a California compound once owned for decades by the John Deere family (and recent “House of the Week” winner by The Wall Street Journal), a 37,000-square-foot Anguillan estate, and our first ever European auction in sexy Saint Tropez, France.