TTR Sotheby’s International Realty Reports Record Year in 2010; Anticipates a "Robust" Market in 2011

Washington, DC, January 12, 2011 --(PR.com)-- TTR Sotheby’s International Realty today proudly announced that its sales volume for 2010 reflected a 41% increase over 2009. The firm expects the Washington DC area real estate market in general, to be healthy and top most other US markets in 2011.

“We achieved some major milestones in 2010,” said Michael Rankin, one of the firm’s managing partners. “In addition to the major increase in sales volume and productivity, we added thirty new associates and opened our Maryland brokerage in Chevy Chase.”

The Washington real estate market experienced a modest rebound in 2010 and experts anticipate even stronger gains in 2011. According to Clear Capital, a company which tracks real estate trends, home price appreciation in the Washington DC metro area stood at 5.3% in 2010, second only to Honolulu, Hawaii in the entire United States. For 2011, the company predicts a 6.5% increase in DC, the highest in the country.

TTR Sotheby’s International Realty is the lister of many of the area’s most significant residences, including Albemarle House, the $24 million Charlottesville estate of vintner and philanthropist Patricia Kluge, and Tudor Farms, a $30 million, 6500 acre sporting estate located in Cambridge on the Eastern Shore of the Chesapeake Bay.

The Sotheby’s International Realty network has more than 10,000 sales associates located in over 500 offices in the United States and 42 countries and territories. TTR Sotheby’s International Realty has over 130 associates serving the Mid-Atlantic with offices located in DC, Maryland and Virgina. For more information, visit www.ttrsir.com.

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