Roger Pettingell Sets the Pace for Luxury Real Estate Sales
SARASOTA (May 19, 2016)– Coldwell Banker Residential Real Estate’s Roger Pettingell of the company’s Longboat Key office has already surpassed the $40 million mark in year-to-date sales volume, reaching 57% of his total 2015 sales just four and one-half months into the year. Pettingell is pacing almost $10 million1 in sales volume ahead of this time last year. His sales volume through May 16, 2016 was $42.786 million2 with 38.5 sales transactions, compared with his total sales in 2015 of $74.08 millionwith 62 sales transactions3.
”The market has been particularly strong in the first quarter, and is becoming much more balanced, which means Sellers and Buyers have equal negotiating power. This generally means a slower pace, but is healthier than the huge swings we have seen in recent years,” said Pettingell. “The $1 million to $2.5 million market was robust early in the year, particularly for condominiums. There was a lot of activity in the highly desirable single family neighborhoods like Bird Key and Harbor Acres, while the over $5 million market saw several notable sales.”
Pettingell has already qualified for Coldwell Banker Residential Real Estate’s Legends Society, an award given to Florida sales associates who reach the highest level of sales production. He is the first individual sales associate within Coldwell Banker Residential Real Estate to achieve the milestone this year.
“It takes an exceptional support team to achieve this level of success. We keep expanding our customer service staff, which allows me to do what I do best -- working directly with clients. It is my pleasure working with buyers and sellers to list and show their properties, developing strategic marketing plans and negotiating. My support team does everything else,” said Pettingell.
Pettingell closed on several multi-million dollar listings this spring including 1201 Hillview Drive for $5.25 million, and two in Longboat Key’s Water Club: one for $3.285 million and another for $2.79 million.
A dedicated family man with a wife and two young boys, Pettingell makes being an active member of the Sarasota community a top priority. He loves Sarasota and all that it offers, and is an active philanthropist. He sits on the board of directors for the West Coast Black Theatre Troupe and Southeastern Guide Dogs, and supports Sarasota Adopt-A-Family, Big Brothers Big Sisters of Suncoast, Forty Carrots, the Child Protection Center and the American Red Cross. Pettingell is an advocate of Girls Inc., and was awarded the 2010 Father of the Year Award by the organization.
Coldwell Banker Residential Real Estate is a leading full-service residential real estate brokerage company with more than 85 offices and 5,000 sales associates serving the communities of Central Florida, Flagler, Brevard, Palm Beach, Southeast Florida, Southwest Florida, Tampa Bay and the Panhandle. Worldwide, the Coldwell Banker network includes 3,000 offices with nearly 85,000 sales associates. Every day, Coldwell Banker Residential Real Estate properties are exposed to 16 million buyers on more than 725 high-traffic websites. For more information or to view local listings, visit ColdwellBankerHomes.com. To learn more about a career in real estate or affiliating with Coldwell Banker, visit CareersCB.com. Coldwell Banker Residential Real Estate is a subsidiary of NRT LLC, the nation’s largest residential real estate brokerage company.
1. Based on closed sales volume information from My Florida Regional MLS for the Sarasota and Manatee counties in all price ranges as reported on May 17, 2016, for the period of Jan.-Dec. 2015. 2. Based on closed sales volume information and units closed from My Florida Regional MLS for the Sarasota and Manatee counties in all price ranges as reported on May 17, 2016, for the period of Jan. 1, 2016 – May 16, 2016. 3. Based on closed sales volume information from My Florida Regional MLS for the Sarasota and Manatee counties in all price ranges as reported on May 17, 2016, for the period of Jan.-Dec. 2015. Sales volume is calculated by multiplying the number of buyer and/or seller sides by sales price. One unit equals one side of a transaction. MLS data is deemed reliable but not guaranteed.