A high-profile New York-based real estate sales firm is planting its flag in the Dallas market.
Douglas Elliman Real Estate is an independent residential sales company best known for high-end properties.
The company is featured on the popular television show, Million Dollar Listings.
Elliman Real Estate is opening a Dallas office to handle preowned home sales, condominium sales, rentals, corporate relocation and builder sales.
“Dallas is the largest luxury real estate market in the state of Texas,” Jacob Sudhoff, CEO of Douglas Elliman’s Texas operations, said in a statement. “As the premier luxury brokerage that sells the most expensive homes in the U.S., we have an amazing opportunity not to just raise the bar, but also do something different.
“Our technology advances, combined with our national footprint and international reach, is going to bring unprecedented platform to Dallas like no other firm.”
Elliman Real Estate has previously handled properties in the Houston area.
“Texas is the most exciting market in the country right now with buyers from California, New York and Florida relocating here. We are looking forward to making real estate history with our new colleagues,” Fredrik Eklund, one of Elliman Real Estate’s top producers, said in a statement.
Founded in 1911, Douglas Elliman Real Estate bills itself as the largest real estate brokerage firm in the New York metropolitan area.
The company has more than 7,000 agents working out of more than 100 offices New York, Connecticut, New Jersey, Florida, California, Colorado, Massachusetts and Texas.
With real estate prices soaring, purchases of million dollar homes have exploded in the North Texas.
Through the first three months of 2021, more than 700 million dollar homes have been sold in North Texas – almost double the number of high-end properties changing hands in the first quarter of 2020, according to data from the Texas Real Estate Research Center.