In a remarkable year that saw extraordinary growth, Concierge Auctions finished 2020 with nearly $3 billion in sales with over $3.4 billion in bids processed.
The growth coincided with expansion globally to 44 states and 29 countries, a steady expansion of its luxury real estate auction business. Concierge Auctions, now in its 13th year, grew its proprietary comprehensive database of high-net-worth real estate buyers, sellers, agent representatives, and investors to 680,000 contacts, including 3,500 billionaires, 10,000 private clients and 110,000 weekly subscribers.
The growth means continued dominance of the sector as the firm matches sellers of unique properties with capable buyers using a specialized platform for bidding, property preview and digital marketing. The digital bidding platform, debuted in 2010, allows buyers to view properties and bid in real-time from anywhere in the world. In 2020, nearly 1 million visitors from 228 countries visited the Concierge Auctions website.
Exceptional Results with High-End Real Estate Sales
Working in partnership with local agents and representatives, Concierge Auctions had considerable success in 2020. Notable 2020 transactions included:
- 8200 Kalavista Drive, Kalamalka Lake, British Columbia, Canada, sold for $8.95 million
- 5741 Ka Hookui Place, Poipu, Kauai, Hawaii, sold for $8.68 million
- 2930 Hurlingham Drive, Wellington, Florida, sold for $7.476 million
All three sales were the highest ever in their respective regions.
Concierge Auctions saw considerable success in the $10 million-$100 million-plus market, with 90 percent of $10 million-plus sales earning an A+ satisfaction rating. In 2020, the company sold eight properties listed above $10 million, including:
- 1055 Stage Road, Aspen, Colorado
- Rancho De Vista | 1 Wildwood Canyon Road, Los Angeles, California
- Teton Run | 5300 North Prince Place, Jackson Hole, Wyoming
- 322 E Bleeker Street #322 & #324, Aspen, Colorado
- Gsteigstrasse 134 | Gstaad, Switzerland
- The Picasso of Malibu | 21500 Calle Del Barco, Malibu, California
- Arbor Hill | 7111 Sheaff Lane, near Philadelphia, Pennsylvania
- Wolf Point Golf Club, Gulf Coast, Texas
Accolades and Achievements in Real Estate Business
Throughout 2020, Concierge Auctions was recognized with a number of professional accolades, including:
- Six Telly and four AVA Digital Awards for innovative videography
- Placement on the Financial Times Americas’ Fastest Growing Companies 2020 list
- Named to Inc. Magazine's Fastest-Growing Companies in America list for the sixth consecutive year and named a Hall of Fame member
- Three awards from Who’s Who in Luxury Real Estate – Best Website, Best Overall Marketing, and Most Significant Sale – for the sale of Playa Vista Isle in Hillsboro, Florida, which broke a U.S. record for highest sale price ever for a property at auction
- 20 marketing awards, including Best Website and Best in Show for print and film from USA TODAY and the National Auctioneers Association (NAA)
- CEO Laura Brady and Chairman Chad Roffers being named by Inman News among the top 100 most influential leaders in real estate
The company released its fourth-annual Luxury Homes Index, measuring the impact of days on market in the final sales price of luxury homes. The index measured the 10 highest property sales in 56 top luxury markets across the United States. The analysis showed the average sale price was $13.3 million and the average number of days on market was 451, with only a third of those properties selling in under 180 days.
Follow Concierge Auctions on Facebook for more information.
