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Forbes Global Properties salutes RETSY on clearing $1B in real estate sales

Photo of property sold by RETSY in the Town of Paradise Valley
A standout among the many luxury properties that helped to push RETSY across the billion-dollar milestone, ‘Dancing Light’ in the Town of Paradise Valley is a sprawling 2.8 acres containing two stunning residences. Libby Cohen of ROCO Luxury Homes represented the buyer and closed for $12.5 million. (File Photos/DigitalFreePress.com)

RETSY team averages millions in sales across the board

Staff Reports | Digital Free Press

RETSY is announcing the digital-based real estate firm has surpassed $1 billion dollars in sales just 18 months after its launch.

The milestone earned the firm recognition and honors from Forbes Global Properties, a curated consumer marketplace that connects discerning buyers directly to the world’s finest homes and the best-in-class agents, according to a press release.

RETSY was only one of a handful of the Valley’s many brokerages to hit this mark, and to do so in less than two years of operation sets it apart from the pack, the release states.

RETSY hit the billion-dollar mark with only 78 agents completing a total of 886 sales transactions, 38% of which RETSY exclusively represented the seller, 55% where the firm represented the buyer, and 8% where both sides were expertly represented, according to the release.

RETSY’s innovative approach to the industry took the market by storm as many of the Valley’s elite and top producing agents sought to be a part of the firm. With those industry veterans came the trust and loyalty of affluent home buyers and sellers that were looking for greater exposure and access via the technological advances built from scratch and implemented by RETSY Founder Chris Morrison.

For several years, Mr. Morrison developed and rolled out platforms designed to catapult elite agents to new heights, which includes the utilization of QR technology across all media, in-house and client-based applications, the release states.

Buyers and sellers reap the benefits of the unique media options available to showcase listings, the audience-targeted advertising tools and the listing-specific QR codes on signage that coincides with their designated landing page.

Forbes & RETSY partnership spurs growth

In September 2021, after less than a year in operation, RETSY was selected by Forbes Global Properties as the first firm to be awarded membership in Arizona, including the most desirable and luxurious areas of Scottsdale, Arcadia and Town of Paradise Valley.

RETSY’s listings are now presented across Forbes and Forbes Global Properties platforms, according to the release, and the brand has seen remarkable engagement and success with Forbes’ captive audience of more than 100 million monthly visitors.

True to its founding mission of celebrating and bolstering independent agents, since joining Forbes Global Properties, RETSY has continued to attract more of the Valley’s highest-producing agents, representatives of the brand contend.

“I could not be prouder of the community we have built here at RETSY,” said Mr. Morrison in the release.

“Our exceptional agents are equally exceptional people. Watching each of them excel in their individual business with the use of our new technology systems is very humbling. RETSY began in collaboration with elite agents and teams including The TEAM, and the Morrison Team. Over the last year and a half, we have welcomed many of the very best in class, including the Gabel Phillips Group, The Linehan Group, ROCO Luxury Homes, The Connie Colla Group and St John International, to name a few. Our agents and teams are so impressive, and I am inspired by them daily. Our relationship with Forbes Global Property gives RETSY agents a deserving international stage to showcase their spectacular listings and remind the world why Arizona remains one of the fastest-growing states in the country.”

The following spotlight transactions are included among RETSY’s 18-month accomplishments:

  • Libby Cohen of ROCO Luxury Homes represented the buyer of 6121 N. Nauni Valley Drive, Paradise Valley, which closed 1/27/22 for $12,500,000.
  • The buyer of 7808 N. Calle Caballeros, Paradise Valley, was represented by Babbi Gabel of the Gabel Phillips Group and closed 4/21/22 for $9,890,000.
  • Rebecca Clayton of The TEAM represented the buyer of 5901 E. Stella Lane, Paradise Valley. The $6,650,000 sale closed on 7/9/22.

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