Douglas Elliman Hits Highest Closed Sales and Transactions Volume in a Decade

Rhea-AI Summary

Douglas Elliman Realty reported a record-breaking 2021, achieving approximately $51.2 billion in nationwide sales, marking the highest volume in a decade with around 32,400 transactions. The firm excelled in key markets, becoming number one in listing volume in New York City and sales volume in Long Island and Miami Dade County. Significant expansion occurred in Texas and Florida, and Douglas Elliman Development Marketing closed over $3.2 billion in units. This success was highlighted by the company’s launch on the NYSE under ticker DOUG.

Positive

• Achieved record nationwide sales of $51.2 billion in 2021, the highest in ten years.
• Completed approximately 32,400 sales transactions, also a decade high.
• Ranked number one in key markets: NYC in listing volume, Long Island in sold units, and Miami in sold units.
• Expanded operations into new markets in Texas (Dallas, Austin) and Florida (Naples, Jacksonville).
• Douglas Elliman Development Marketing closed over $3.2 billion in units, including sales at high-profile developments.

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• None.

NEW YORK, Feb. 9, 2022 /PRNewswire/ -- Douglas Elliman Realty, one of the largest residential brokerage companies in the New York metropolitan area and the sixth largest in the U.S., announces today that the firm had a record-breaking 2021. Nationwide sales totaled approximately $51.2 billion, the highest sales volume in ten years with a total of approximately 32,400 sales transactions, also the highest in a decade.

"We are enormously proud of our unflagging agents, managers and staff across the country who all contributed to the enormous success we achieved in 2021," said Howard M. Lorber, Douglas Elliman Inc.'s CEO. "2021 proved to be a banner year, culminating with our greatest listing yet: DOUG trading on the New York Stock Exchange."

Accolades for Douglas Elliman include being number one in New York City in listing volume, number one in Long Island in sold units, sales volume and agent count, number one in Palm Beach County in sold units and number one in Miami Dade County in sold units. Price records were also broken in Boston, Aspen, Orange County, California, the Hamptons, Greenwich and Palm Beach.

"I am so proud of our exceptional agents and teams who helped us reach this pivotal moment in our company's 111-year history," said Scott Durkin, CEO of Douglas Elliman. "Through their hard work and dedication, our brokerage was able to surpass our highest sales and transactions in over a decade."

The firm also expanded their footprints in Texas, to Dallas and Austin, and in Florida, to Naples and Jacksonville. And in the northeast, the firm began operations on Martha's Vineyard and Nantucket and opened a new office in downtown Greenwich. 

Douglas Elliman Development Marketing also had an outstanding 2021 and finished the year with more than 1,000 closed units totaling just over $3.2 billion. DEDM took over sales at Pritzker Prize-winning Jean Nouvel and interior designer Thierry Despont's 53 West 53 and launched sales at Mandarin Oriental Residences Fifth Avenue. In Florida, they sold out VistaBlue, 5000 North Ocean and Bristol Palm Beach in the Greater Palm Beach area and The Ritz-Carlton Residences in Miami Beach.

About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE: DOUG) is one of the largest residential brokerage companies in the New York metropolitan area, which includes New York City, Long Island, Westchester, Connecticut, New Jersey and the Hamptons, and the sixth largest in the U.S., with substantial businesses in California, Colorado, Texas, Florida and Massachusetts. In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology ("PropTech") solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets. Additional information concerning Douglas Elliman is available on its website, www.elliman.com.

Investors and others should note that we may post information about Douglas Elliman on our website at www.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman to review the information we post on our website at www.elliman.com and on our social media accounts.

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SOURCE Douglas Elliman

FAQ

What record sales did Douglas Elliman achieve in 2021?

Douglas Elliman achieved record sales of approximately $51.2 billion in 2021.

How many transactions did Douglas Elliman complete in 2021?

Douglas Elliman completed approximately 32,400 transactions in 2021.

In which markets did Douglas Elliman excel?

Douglas Elliman excelled in New York City, Long Island, and Miami Dade County, ranking number one in several categories.

What new markets did Douglas Elliman expand into?

Douglas Elliman expanded into Dallas and Austin in Texas, and Naples and Jacksonville in Florida.

What is the ticker symbol for Douglas Elliman on the NYSE?

Douglas Elliman trades under the ticker symbol DOUG on the NYSE.