Leading Texas Real Estate Team Forms New Company Under Sotheby's International Realty Brand

Sotheby's International Realty announced the integration of Southern District Properties Group as Southern District Sotheby's International Realty, expanding its Texas presence to 28 offices.

Rhea-AI Summary

Sotheby's International Realty announced the integration of Southern District Properties Group as Southern District Sotheby's International Realty, expanding its Texas presence to 28 offices. In 2022, Southern District achieved over US$71 million in sales volume, ranking in the Top 10 for sales in Texas counties, including Washington, Austin, and Fayette. Owned by Cari Goeke, the firm plans to open a new location in College Station and aims to service the growing South-Central Texas market. Sotheby's International Realty has over 26,000 affiliated agents globally, enhancing market exposure and referral opportunities.

Positive

• Expanded presence in Texas to 28 offices, indicating growth.
• Achieved US$71 million in sales volume in 2022, reflecting strong performance.
• Top 10 sales ranking in Texas for the last three years highlights market competitiveness.

Negative

• None.

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NEW YORK, Feb. 13, 2023 /PRNewswire/ -- Sotheby's International Realty has announced that Southern District Properties Group has joined the network and will now operate as Southern District Sotheby's International Realty. The addition marks the brand's continued growth in Texas and its 28th office in the state.

In 2022, the team achieved more than US$71 million in sales volume and has consistently been recognized in RealTrends' rankings by volume and by transactions in Texas, achieving a Top 10 sales ranking for the last three years for Washington, Austin, and Fayette Counties. Southern District Sotheby's International Realty is owned and operated by Cari Goeke who brings more than 20 years of experience to the firm.

"I am thrilled to welcome Cari and her powerhouse team to our network," said Philip White, president and CEO, Sotheby's International Realty. "Their expertise and industry recognition enables us to effectively target a growing market, which was recently described as 'the Hamptons of Texas.' The area has become popular for second homes, farms, and ranches, exemplifying the growing trend of buyers expanding their searches, and we look forward to supporting Southern District Sotheby's International Realty."

"Sotheby's International Realty is the real deal," said Goeke. "They are leaders in luxury and possess a phenomenal network around the globe, something we have been longing for in a company. Our clients come back to us time and time again because we work with integrity, and they trust that we always have their best interest in mind. Our affiliation with Sotheby's International Realty allows us to build on our local knowledge and expertise that will further benefit our agents and clients."

The company has two offices, one in Brenham, and another in Bellville, Texas.  They also plan to open a third location in College Station. The company will service the South-Central Texas region, consisting of the greater Brazos Valley, Bryan-College Station and popular towns such as Brenham, Bellville, LaGrange, and beyond.

The Sotheby's International Realty® network currently has more than 26,000 affiliated independent sales associates located in over 1,000 offices in 81 countries and territories worldwide. Southern District Sotheby's International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm's brokers and clients will benefit from an association with Sotheby's auction house and worldwide Sotheby's International Realty marketing programs. Each office is independently owned and operated.

Sotheby's International Realty

Sotheby's International Realty was founded in 1976 as a real estate service for discerning clients of Sotheby's auction house. Today, the company's global footprint spans more than 1,000 offices located in 81 countries and territories worldwide, including 50 company-owned brokerage offices in key metropolitan and resort markets. In February 2004, Anywhere Real Estate Inc. entered a long-term strategic alliance with Sotheby's, the operator of the auction house. The agreement provided for the licensing of the Sotheby's International Realty name and the development of a franchise system. The franchise system is comprised of an affiliate network, where each office is independently owned and operated. Sotheby's International Realty supports its affiliates and agents with a host of operational, marketing, recruiting, educational and business development resources. Affiliates and agents also benefit from an association with the venerable Sotheby's auction house, established in 1744. For more information, visit www.sothebysrealty.com. 

The affiliate network is operated by Sotheby's International Realty Affiliates LLC, and the company owned brokerages are operated by Sotheby's International Realty, Inc.  Both entities are subsidiaries of Anywhere Real Estate Inc. (NYSE: HOUS) a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. Both Sotheby's International Realty Affiliates LLC and Sotheby's International Realty, Inc. fully support the principles of the Fair Housing Act and the Equal Opportunity Act.

Media contact:
Melissa Couch
Senior Manager, Public Relations & Communications
melissa.couch@sothebys.realty

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SOURCE Sotheby's International Realty

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the significance of Southern District Properties Group joining Sotheby's International Realty?

The integration signifies Sotheby's continued expansion in Texas, increasing its office count to 28.

How much sales volume did Southern District achieve in 2022?

Southern District Properties Group achieved over US$71 million in sales volume in 2022.

What are the upcoming plans for Southern District Sotheby's International Realty?

They plan to open a new office in College Station, Texas, targeting the South-Central Texas market.

What is the market ranking of Southern District in Texas?

Southern District has been recognized as a Top 10 sales team in Texas for the last three years.

How does Sotheby's International Realty support its affiliated offices?

Sotheby's International Realty provides operational, marketing, and business development resources to its affiliates.