JOINT VENTURE EXPANDS LUXURY NETWORK BETWEEN NORTHEAST, FLORIDA
September 18, 2018 (Shelton, Conn.) — William Raveis Real Estate (WRRE), the top family-owned real estate company spanning the Northeast and Florida and recent global luxury award recipient, is pleased to announce it has partnered with The Fite Group Luxury Homes, the market-leading luxury real estate firm headquartered in Palm Beach, Fla. The Fite Group serves high-net-worth clientele throughout the Palm Beaches from the famed 16-mile barrier island of Palm Beach, as well as the coastal communities of West Palm Beach, Delray Beach and Jupiter, golf communities of Palm Beach Gardens and the equestrian village of Wellington. This partnership under the William Raveis moniker secures a competitive edge in the South Florida luxury markets by broadening Raveis’s high-end network of ultra-luxury markets from areas in the Northeast like Nantucket, Wellesley, Greenwich, Westchester and Manhattan to Naples, Fla. and now Palm Beach.
“We have great respect for The Fite Group’s expertise and commitment to the discerning communities of Palm Beach County, demonstrated by David and Nadine Fite’s strong leadership,” said Chairman and CEO Bill Raveis, who founded WRRE 44 years ago. “They have leveraged their extensive experience in finance and marketing to create a uniquely branded firm with a flair for innovation that is equally focused on business fundamentals and a strong culture of collaboration. As two family-owned businesses joining forces, together we will become the luxury real estate powerhouse in Florida.”
“We’re proud to partner with such an outstanding team with a strong global reputation,” said David Fite, founder and principal, The Fite Group. “We constantly innovate to be the best for our agents and our clients. This strategic partnership with Raveis expands our network for our clients, gives our agents access to cutting edge technology and combines the high-levels of service and luxury market positions for which both companies are known.”
“This partnership will make us an even stronger company, while ensuring the same family values and market expertise that we’ve honed over the last decade will continue to thrive,” added Nadine Fite, Chief Marketing Officer, The Fite Group. “We have cultivated a brand that prioritizes relationships over transactions and people over properties — an ethos we share with Raveis.”
WRRE is the recent recipient of the Top Global Luxury Brokerage award by Luxury Portfolio International, a global network of 130,000 sales associates across 565 real estate firms in 65 countries. WRRE has a powerful community of more than 4,000 talented sales associates across 130 offices and produced $10.2 billion in real estate sales in 2017. Together with Leading Real Estate’s luxury marketing arm and Luxury Portfolio International, WRRE’s listings are broadcast to the best brokers and the most affluent buyers around the world.
The Fite Group is headquartered on the island of Palm Beach with three additional offices in Delray Beach, Wellington and Palm Beach Gardens and hosts more than 100 agents. Since its founding 10 years ago, The Fite Group has completed more than $5 billion in sales by tapping into the team’s exceptional local knowledge and commitment to providing the highest levels of service. The Fite Group represents a diverse luxury real estate portfolio ranging from oceanfront estates to exclusive country club properties to iconic waterfront condos and equestrian compounds. Proving their leadership in the market, their top five sales in the past six months totaled nearly $100 million. In 2017, their top listing sold for $45 million, and their average home sale price was $1.8 million.
Luxury Network Optimizes Reach
As 85 percent of home buyers in Palm Beach County comes from the northeastern tri-state area — parts of New York, New Jersey and Connecticut, where WRRE leads the industry — this partnership optimizes and broadens The Fite Group’s exposure to potential buyers interested in purchasing homes in South Florida. David Fite believes their strong local expertise, coupled with the global luxury brand cache of Raveis, provides his agents the opportunity to tap into an even wider network, which will drive growth and expansion not only of The Fite Group’s current markets but also future markets.
“We were also attracted to Raveis on a philosophical level; As owner operators, not competing agents, our goal has been and will remain on ensuring the success of our agents,” said Nadine Fite. “The Raveis approach is consistent with ours as they, too, consider the agents as customers and are keenly focused on supporting their needs.”
Shared Ethos, Shared Goals for Success
Dedicated to cultivating their agents’ success, WRRE empowers agents to take their businesses to the next level by providing cutting edge technology, marketing expertise, and a supportive, family infrastructure. Long recognized as being an industry leader in marketing and technology, WRRE provides its agents with an enviable marketing profile to optimize awareness and demand for their homeowners’ properties. Raveis 365, the industry’s first comprehensive mobile real estate platform, arms agents with new technology and effective marketing tools to increase productivity and align the agents’ experience, the latest data and customer needs.
Additionally, with William Raveis at the helm of the family-run business as CEO and Chairman and his two sons, Ryan and Chris Raveis serving as co-presidents, the WRRE leadership team is approachable and makes decisions quickly, which sets them apart from large corporate real estate companies with shareholders and multiple layers of decision-making.
“At Raveis, we give our agents all the opportunities to succeed and grow their business,” said Ryan Raveis. “We look forward to bringing all our tools to The Fite Group agent base.”
“This partnership is a win-win for our companies, for our agents and, importantly, for our clients,” added David Fite.
About William Raveis Real Estate, Mortgage & Insurance
William Raveis Real Estate, Mortgage & Insurance is the number one family-owned real estate company in the Northeast and the number nine real estate company in the country, according to REAL Trends. Over the past 44 years, WRRE has grown from a single office over a grocery store in Connecticut to a family enterprise with over 4,000 highly trained sales professionals in 130 offices across nine states resulting in $10.2 billion in real estate sales in 2017. WRRE also received Luxury Portfolio International’s® Top Luxury Brokerage Award for overall engagement in Luxury Portfolio among 565 brokerages across 65 countries. Co-Presidents Chris Raveis and Ryan Raveis are ranked the 36th most powerful and influential real estate leaders on the Swanepoel Power 200 (SP200) for 2017/2018. The firm was named the Most Innovative Brokerage by Inman News, and has consistently been ranked the best place to work by Fox CT, Hearst Connecticut and the Boston Business Journal. For more information, visit raveis.com or blog.raveis.com.
About the Fite Group Luxury Homes
For the last decade, The Fite Group Luxury Homes has represented buyers and sellers of luxury properties throughout the Palm Beaches. Headquartered on Palm Beach Island, the firm has additional offices in Delray Beach, Palm Beach Gardens and Wellington. The firm’s 100+ agents have completed nearly $5 billion in sales since its founding by tapping into the team’s exceptional local knowledge and unparalleled commitment to providing the highest levels of service to their clients in Palm Beach County and beyond. With a culture of collaboration, everyone at The Fite Group actively shares expertise and information in order to meet the goals of their clients. Strategic alliances with some of the most successful real estate firms in gateway cities around the world provide The Fite Group Luxury Homes’ clientele with a unique, influential global network. The Fite Group Luxury Homes is a member of ‘Who’s Who in Luxury Real Estate,’ the premier global network bringing together worldwide real estate industry leaders and luxury properties from all over the world. For more information, visit FiteGroup.com.