Brown Harris Stevens is the exclusive New York City affiliate of Christie’s International Real Estate, which means that we hold our Annual Meeting at 20 Rockefeller Center, where the large auctions are held.
The relationship means worldwide coverage and relationships with the best in class brokers everywhere around the globe.
Quality stands the test of time
It also means we get some insight into the art markets, what is selling, what isn’t, and where things are in relation to their sales in recent years.
Recently, Brown Harris Stevens held its 2012 meeting, wrapping up the achievements of 2011.
I wrote about this last year, with much fascination about what an amazing company I work for.
With only 336 brokers, BHS dominated the high end of the market.
My fellow brokers and I sold 26% of all Condominiums priced $7mm or higher.
33% of all cooperatives above $7mm, and 20% of all townhouses over $7mm.
This is up year over year from 2010.
Over $20mm, these percentages jump to 31% (condos), 40% (coops, up from 38% in 2010), and 30% (townhouses), respectively.
The firm’s brokers sold 1617 properties (down from 1736 in 2010).
And like 2010, 37% of those sales were done between 2 BHS brokers.
The total sales volume was up 22% from 2009 as well, though down a touch (3.5%) company-wide from 2010.
The average sale price per broker in Manhattan was $2.246mm, and average
value of properties sold per
broker was $8.524mm.
What amazes me most is that we comprise fewer than 2% of all Manhattan and Brooklyn licensees.
Now, overall, the 2011 year was not the best in BHS’s history, as 2010 was.
However, my office, the Upper West
Side location on
64th and Broadway, did have its best year ever.
Up 2% from 2010.
In total, really an impressive year for my firm.
I’m very proud of the work that I do for my clients, and still thrilled to work at such a marvelous place.
-Scott