Vero Beach’s incredible real estate market made national news again this month with an outsized appearance on the Real Trends 1000 list, which ranks the top agents and teams nationwide.
Although it’s tiny compared to most top-tier markets — Vero’s population is 17,163 according to the U.S. census, while the overlapping island population is just 15,173 — local brokers have scored big, outpacing most major competitors in Miami, New York, Los Angeles and other real estate hotspots.
Matilde Sorensen, co-owner of the island’s largest brokerage, Dale Sorensen Real Estate, was on the nation’s top 250 list by dollar volume, ranked #130, with $187,844,650 in sales in 2021 .
Its success was a major part of a banner year for the family business, which made $1.5 billion in revenue in 2021, up from just over $1 billion the previous year.
The O’Dare Boga Group also had a phenomenal year, ranked No. 48 in the nation for small team dollar volume, with sales of $286,760,099.
That record total — the most sold by any agent or island team — puts them just three places behind ‘Million Dollar Listings Los Angeles’ star Tracy Tutor, whose slightly larger team has sold $300 million. in and around Beverly Hills. LA market
The Vero group consisted of three agents – Cindy O’Dare, Richard Boga and Kristin Dobson, plus an assistant – against four agents, an operations manager and a marketing manager from the Tracy Tutor team.
The O’Dare Boga Group, which achieved success in 2021 at Premier Estate Properties, recently moved to ONE Sotheby’s International Realty.
Meanwhile, ONE Sotheby’s also cut Real Trends, appearing at the top of the list of fastest growing brokerages. With $7.62 billion in sales in 2021 – more than double its 2020 total of $3.44 billion – the brokerage was ranked #1 in Florida and #16 in the country for the closed volume increase.
ONE Sotheby’s was founded in Miami in 2008 by Mayi de la Vega. In recent years the company has moved up the coast, buying other Sotheby’s franchises – including Treasure Coast Sotheby’s in Vero in 2019 – and now employs 1,000 agents operating in 19 offices stretching from Miami to Cocoa Village, according to the website. of the society.
The Real Trends 1000 is the nation’s best-known and most prestigious list of real estate leaders. It ranks the top 500 agents and top 500 teams in the United States, recognizing 250 agents and 250 teams for dollar volume and 250 agents and teams for the most transactions.
The Real Trends 500 list, which ONE Sotheby’s was on, ranks the top 500 brokerages by several criteria.
Brokers, agents and teams are required to authenticate their sales and transaction numbers with MLS data or tax returns.
As in Vero, top agents across the country had record years in 2021 despite historically low inventory due to steep price increases. For the first time in the ranking’s history, “individual ranked agents had an average sale price of over $1 million,” according to Real Trends.