PBN 2021 Fastest Growing Companies Awards
$25 million – $75 million: 3. Mott & Chace Sotheby’s International Realty
CEO (or equivalent): Raymond Mott and Judith Chace, brokers and co-owners
2020 Revenue: $25.1 million
2018 Revenue: $16.7 million
Revenue growth: 50.4%
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Mott & Chace Sotheby’s International Realty is still gaining speed after a fast start 8½ years ago. The Charlestown-based company grew its annual revenue by 50.4% in three years, jumping from $16.7 million in 2018 to $25.1 million in 2020. Halfway through 2021, the company was 82% above its closed-sales volume year over year, with revenue up 100% over the same time frame, said Jeni Pardo de Zela, chief marketing officer.
As the real estate market boomed during the COVID-19 pandemic, agents showed properties virtually with the help of a 3D camera.
“No one anticipated a global pandemic would result in a once-in-a-generation real estate market,” said Judy Chace, broker and co-owner at Mott & Chace.
Now, as the company opens a seventh office in Westport and sets its sights on the southern portions of Rhode Island and Massachusetts, its roughly 150 agents will soon benefit from a new technology suite rolled out during the pandemic.
