Photo / Courtesy Legacy Properties Sotheby’s International Realty
Chris Lynch
Updated: 4 hours ago
Legacy Properties ends 2024 with record-breaking results, surpassing $1B
Legacy Properties Sotheby’s International Realty surpassed $1 billion in total sales in 2024, with an average sale price exceeding $1 million per property.
The company closed 1,042 transaction sides and achieved an average sale price of $1.022 million, according to a news release.
The company said it set new records for property sales across multiple communities in Maine.
“There is no question that 2024 marked a transition toward a pre-COVID market environment,” said Chris Lynch, the company’s president. “We’ve experienced similar growth during challenging markets in the past. It seems that when the market tightens, we gain significant market share.”
Legacy reported a 23% increase in total sales volume over 2023, driven by a 16% growth in unit sales combined with a higher average selling price.
“We are pleased to have outperformed the overall real estate markets in both Maine and the United States,” said Lynch. “Our ongoing investments in marketing have been instrumental in connecting many of Maine’s finest homes with an expanded buyer base.”
Lynch attributed the company’s metrics to a suite of marketing services that include high-definition professional photography, Matterport 3D virtual tours, glossy print advertising, global property distribution through an exclusive network of professional agents, luxury branding through its affiliation with Sotheby’s International Realty, a blog and monthly custom publications.
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