Brand News

Sotheby’s International Realty Introduces the New Design Vault

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In a world where reaching people where they are becomes increasingly competitive every day, Sotheby’s International Realty is excited to give its agents the ability to do so like never before.

The new Design Vault is the culmination of the brand’s strategy to integrate content, making marketing initiatives seamless for agents. This latest piece of technology offered to our agents – at no cost – allows for social, digital, and print creative to all live in one place – including print ads, digital brochures, flyers, and more.

Loaded with user-first features like drag and drop, the ability to post directly to major social media platforms like Facebook and Twitter, and pre-populated photography and templates, agents can create and share campaigns in Design Vault in just a few minutes.

The innovative platform reaches more than 23,000 professionals in 72 countries and territories around the world, allowing for the brand to share new material and templates quickly, while also providing a collaborative environment for our talented experts to create eye-catching assets to promote their business as they see fit. Read more about the new Design Vault on Inman.

Looking to buy or sell your home? Connect with an agent anywhere in the world on

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Brand News

Sotheby’s International Realty® Brand Expands Presence in Germany

Market Report

Oahu Market Report – October 2020

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Oahu single-family home sales dropped by 0.6%, while condo sales marked a 1.7% increase compared to the same period last year. The modest jump in sales activity is the first year-over year sales increase for the condo market since January.

The median sales price for single-family homes was up 10.9% at $865,000 compared to last year, slightly less than last month’s record-setting median of $880,000. Single-family homes that sold last month spent a median of 10 days on market. New listings were down 17.6% compared to October 2019, but marginally higher than September 2020 at 3.3%.

The greatest shift in single-family home sales occurred in the $600,000 to $699,999 price range, with a 56.8% decrease in sales and a 52.3% drop in new listings compared to last October. The most sales increases occurred in the $800,000 to $1,199,999 range, with sales up 39.2%. Over 50% of the sales that occurred above asking price were in the $700,000 to $899,999 price range.

In addition to seeing year-over-year growth in sales, new condo listings also saw a small increase of 1.7% compared to last year. The largest increase in new listings, at 18.5%, occurred in the $500,000 to $599,999 price range. Condo sales in the $400,000 to $499,999 price range increased by 30.2% with 112 closed sales compared to 86 last year, while 63% of condos sold above asking price were in the $400,000 to $599,999 range. Condos spent a median of 18 days on market.

Yet another sign of the competitive market, the number of single-family homes sold above asking price more than doubled from last year, while the number of condos sold above asking price increased by 63.9%. Properties are spending a median of fewer than 20 days on market.

In accordance with Tier 2 of Mayor Caldwell’s Honolulu Recovery Framework, REALTORS® continue to host modified in-person open house showings, which are limited to no more than five people in a home at any given time. As an essential business, real estate remains open with modifications, and REALTORS® continue to serve the housing needs of their clients, buyers, sellers, and landlords while observing social distancing, wearing a mask and utilizing heightened sanitation practices.

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Auction House

Sotheby’s | The Spirit of the Rose – An Exceptionally Rare Purple-Pink Diamond

The Spirit of the Rose is a superb and exceptionally rare 14.83 carat fancy vivid purple-pink diamond. In this Sotheby’s video, see the wonder of this exceptional treasure, mined and cut in Russia, and named after one of the world’s most famous ballets.

The unparalleled qualities of ‘The Spirit of the Rose’ make it the largest purple-pink diamond ever to appear at auction, offered as part of Sotheby’s upcoming Magnificent Jewels and Noble Jewels sale (11 November | Geneva).

Click here to watch more Sotheby’s videos.

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