Brokerage Report
Top real estate brokerages for the month of August, 2024
Top Brokerage Performers – August 2024
For August 2024, we spotlight the top-performing brokerages across multiple U.S. markets, focusing on transaction volume, total closed value, and standout trends. This month, several markets demonstrated continued growth, with a notable uptick in the luxury segment.
Top Brokerages by Transaction Volume
August saw strong transaction volume in several markets. HomeSmart in Phoenix retained its top position with 477 homes closed, while Housifi in San Antonio had a standout month with 464 homes sold. Coldwell Banker Legacy led in Albuquerque, maintaining its high performance from July. This reflects sustained demand across various price points in these regions.
| Market | Brokerage Name | Closed Homes | Average Closed Price | Total Closed Value |
|---|---|---|---|---|
| PHX | HomeSmart | 477 | $549,339 | $262,034,831 |
| SAT | Housifi | 464 | N/A | N/A |
| ABQ | Coldwell Banker Legacy | 138 | $465,830 | $64,284,529 |
| ATL | Atlanta Communities | 283 | $502,399 | $142,179,016 |
| BWI | Long & Foster Real Estate, Inc. | 194 | $465,255 | $90,259,425 |
Top Brokerages by Total Sales Value
When looking at total sales value, Compass RE Texas, LLC in Austin once again dominated, closing over $206 million, reflecting the continued strength of the luxury market. Coldwell Banker Realty in Tampa had the highest total sales value, with over $233 million in sales. This underscores the robust demand for high-value properties, particularly in the Southern U.S. luxury markets.
| Market | Brokerage Name | Closed Homes | Average Closed Price | Total Closed Value |
|---|---|---|---|---|
| AUS | Compass RE Texas, LLC | 266 | $778,829 | $206,389,764 |
| TPA | Coldwell Banker Realty | 357 | $654,446 | $233,637,163 |
| ATL | Atlanta Communities | 283 | $502,399 | $142,179,016 |
| SAT | Keller Williams Heritage | 416 | $456,082 | $684,123,000 |
| BNA | PARKS | 188 | $844,462 | $158,758,906 |
Luxury Brokerage Highlights
Luxury sales continued to drive key markets in August, particularly in Austin, Charleston, and Tampa. Compass RE Texas led in Austin with an average closed price of $778K, while Carolina One Real Estate in Charleston maintained a solid average of $643K. This trend is consistent with July's performance, signaling sustained demand in luxury segments.
| Market | Brokerage Name | Closed Homes | Average Closed Price |
|---|---|---|---|
| AUS | Compass RE Texas, LLC | 266 | $778,829 |
| CHS | Carolina One Real Estate | 230 | $643,623 |
| TPA | Coldwell Banker Realty | 357 | $654,446 |
| CHS | The Boulevard Company, LLC | 75 | $613,668 |
| LAS | BHHS Nevada Properties | 137 | $601,015 |
Market Insights by Region
- Phoenix: HomeSmart continued its dominance with 477 homes closed and a total sales value of over $262 million, comparable to its July performance. However, the average closed price rose by 8%, indicating an upward trend in home prices.
- Austin: Compass RE Texas, LLC led again with $206 million in total closed value, and luxury home sales remained strong, with an average price of $778K, up from $712K in July.
- San Antonio: Housifi’s 464 closed homes placed it as a new leader in transaction volume. This performance is noteworthy as San Antonio's market activity surged, showing increased buyer activity.
- Tampa: Coldwell Banker Realty stood out with $233 million in closed sales, driven largely by luxury homes, as reflected by an average closed price of $654K.
| Market | Brokerage Name | Closed Homes | Average Closed Price | Total Closed Value |
|---|---|---|---|---|
| PHX | HomeSmart | 477 | $549,339 | $262,034,831 |
| AUS | Compass RE Texas, LLC | 266 | $778,829 | $206,389,764 |
| SAT | Housifi | 464 | N/A | N/A |
| TPA | Coldwell Banker Realty | 357 | $654,446 | $233,637,163 |
| CHS | Carolina One Real Estate | 230 | $643,623 | $148,033,209 |
Key Takeaways
- Phoenix, Austin, and Tampa continue to experience strong activity, with Phoenix seeing a rise in home prices, and Austin's luxury market maintaining momentum. Tampa emerged as a key player, with Coldwell Banker Realty driving substantial sales volume.
- Luxury markets played a key role in boosting total sales value in Austin and Charleston, with average prices climbing in both cities. Tampa also saw notable luxury market activity, contributing to its leading sales figures for the month.
- San Antonio saw a surge in transaction volume, led by Housifi, marking a notable shift in the market compared to July.
This month’s report continues to show robust market performance, especially in the luxury segments, across the U.S. Stay tuned for next month's insights!
Data Preview
| MARKET | LIST_OFFICE_NAME | COUNT_CLOSED_HOMES | MEAN_CLOSED_PRICE | MEDIAN_CLOSED_PRICE | SUM_CLOSED_VALUE | MEAN_BEDS | MEAN_BATHS | RANK |
|---|---|---|---|---|---|---|---|---|
| ABQ | Coldwell Banker Legacy | 138 | 465830 | 372299 | 6.42845e+07 | 3.3 | 2.1 | 1 |
| ABQ | Keller Williams Realty | 136 | 420275 | 354000 | 5.71574e+07 | 3.32 | 2.17 | 2 |
| ABQ | Realty One of New Mexico | 114 | 373296 | 333500 | 4.25557e+07 | 3.09 | 2.06 | 3 |
| ABQ | EXP Realty LLC | 48 | 387457 | 350000 | 1.8598e+07 | 3.27 | 2.1 | 4 |
| ABQ | Berkshire Hathaway NM Prop | 40 | 346335 | 330000 | 1.38534e+07 | 3.25 | 2.12 | 5 |
| ABQ | RE/MAX SELECT | 27 | 391995 | 350000 | 1.05839e+07 | 3 | 1.94 | 6 |
| ABQ | D.R. Horton, Inc. | 19 | 371833 | 359990 | 7.06482e+06 | 3.21 | 1.84 | 7 |
| ABQ | Simply Real Estate | 17 | 397824 | 359000 | 6.763e+06 | 3 | 2.04 | 8 |
| ABQ | Real Broker | 17 | 333082 | 344900 | 5.6624e+06 | 3 | 1.97 | 9 |
| ABQ | LGI Homes | 15 | 300757 | 321000 | 4.51135e+06 | 3.33 | 2.03 | 10 |
| AGS | Meybohm Real Estate - Evans | 52 | 351895 | 300000 | 1.82985e+07 | 3.73 | 2.65 | 1 |
| AGS | Keller Williams Realty Augusta Partners | 36 | 274154 | 280500 | 9.86953e+06 | 3.44 | 2.42 | 2 |
| AGS | Blanchard & Calhoun - Scott Nixon | 32 | 283884 | 270000 | 9.0843e+06 | 3.41 | 2.28 | 3 |
| AGS | Berkshire Hathaway Homeservices Beazley Realtors | 31 | 336679 | 325900 | 1.0437e+07 | 3.65 | 2.44 | 4 |
| AGS | Re/max Reinvented | 29 | 337572 | 292000 | 9.7896e+06 | 3.86 | 2.64 | 5 |
| AGS | Dr Horton Realty Of Georgia, Inc. | 26 | 298710 | 279300 | 7.76646e+06 | 4.15 | 2.88 | 6 |
| AGS | Southeastern Residential, Llc | 25 | 472318 | 514900 | 1.18079e+07 | 4.08 | 3.18 | 7 |
| AGS | Blanchard & Calhoun - Evans | 22 | 437136 | 359200 | 9.617e+06 | 4.23 | 3.09 | 8 |
| AGS | Better Homes & Gardens Real Estate Ep | 21 | 292397 | 296132 | 6.14033e+06 | 3.52 | 2.31 | 9 |
| AGS | Meybohm Real Estate - Wheeler | 21 | 455377 | 372000 | 9.56292e+06 | 3.86 | 2.95 | 10 |
| ATL | Atlanta Communities | 283 | 502399 | 432500 | 1.42179e+08 | 3.6 | 2.79 | 1 |
| ATL | HomeSmart | 212 | 447488 | 380000 | 9.48675e+07 | 3.51 | 2.69 | 2 |
| ATL | EXP Realty, LLC. | 188 | 411135 | 350000 | 7.72933e+07 | 3.59 | 2.64 | 3 |
| ATL | Berkshire Hathaway HomeServices Georgia Properties | 175 | 644592 | 519900 | 1.12804e+08 | 3.57 | 2.97 | 4 |
| ATL | Virtual Properties Realty.com | 159 | 436080 | 386000 | 6.93367e+07 | 3.64 | 2.71 | 5 |
| ATL | Keller Williams Realty Atlanta Partners | 150 | 569776 | 475500 | 8.54663e+07 | 3.85 | 3 | 6 |
| ATL | Atlanta Fine Homes Sotheby's International | 145 | 835798 | 625000 | 1.21191e+08 | 3.62 | 3.15 | 7 |
| ATL | Mark Spain Real Estate | 136 | 364009 | 346500 | 4.95052e+07 | 3.64 | 2.65 | 8 |
| ATL | Coldwell Banker Realty | 130 | 507769 | 412500 | 6.60099e+07 | 3.56 | 2.81 | 9 |
| ATL | Opendoor Brokerage, LLC | 130 | 322016 | 298500 | 4.18621e+07 | 3.37 | 2.39 | 10 |
| AUS | Compass RE Texas, LLC | 266 | 778829 | 550000 | 2.0639e+08 | 3.32 | 3.5 | 1 |
| AUS | Keller Williams Realty | 201 | 572119 | 435000 | 1.06986e+08 | 3.37 | 2.18 |
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