We are incredibly excited to announce the acquisition of Austin-based Amelia Bullock Realtors. Capital City Sotheby’s International Realty, owned by Kuper Sotheby’s International Realty for two years, has merged with Amelia Bullock Realtors and, along with the current Kuper Sotheby’s offices in San Antonio, will now collectively be known as Kuper Sotheby’s International Realty.
“We could not be more excited and proud to acquire and merge with one of Austin’s premiere real estate agencies,” J Kuper, broker of Kuper Sotheby’s International Realty, said. “We know that when combined, the power of our agents, internal teams and the Sotheby’s International Realty brand will cement our status as one of Central Texas’ top real estate companies by any measurement.”
The newly combined agency will have 139 sales associates in Austin, as well as 107 sales associates in San Antonio. With the acquisition, Kuper Sotheby’s International Realty will rank fourth in Austin for total sales volume, according to the Austin Board of Realtors (ABoR) multiple listing service (MLS) and BrokerMetrics
“Amelia Bullock Realtors and Kuper Sotheby’s International Realty share the same culture and values, and are both family-owned businesses,” Amelia Bullock, founder and co-owner of Amelia Bullock Realtors, said. “Both companies are known for fairness, integrity and dependability, which is why we know this is the best opportunity to provide an even brighter future for our associates.”
The combined companies have executed more than 1,000 transactions in the past 12 months with a total value of approximately $600 million and an average of $511,000 per transaction in Austin. The new agency will have an average transaction price that is approximately 80 percent higher than the MLS average. Sales associates with Kuper Sotheby’s International Realty are projected to have an average production that is 54 percent higher than the average sales associate in the MLS.
In 2012, J Kuper purchased Capital City Sotheby’s International Realty, an eight-year-old Sotheby’s International Realty affiliate with two offices—one in the Barton Creek area and one in the Bee Caves area. With the acquisition, Kuper Sotheby’s International Realty now has four offices in Austin in addition to four offices in San Antonio.
Amelia Bullock Realtors was founded in 1969 by Amelia Bullock in her home and grew from three friends working together to more than 80 agents 45 years later. The brand quickly became known in Austin as a preeminent residential real estate company.
“We chose Kuper Sotheby’s International Realty because they provide the right environment and opportunities for all of our associates in our real estate family,” Barbara Wallace, co-owner of Amelia Bullock Realtors, said. “I look at this as a continuance of our legacy, and I hope our agents are just as proud as I am to join the No. 1 name in international real estate.”
Austin is Texas’ fourth-largest city and has been named numerous times as the “Best City for Jobs” by Forbes Magazine, as well as “Best Big City to Live In” by CNN. More than 110 people move to the city every day according to the City of Austin, making it the fastest-growing large metro area in the country.
“The Austin and Central Texas market is one of the most active in the world, and we are seeing an increase in international interest in the area,” Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC, said. “The addition of such a distinguished agency to our already successful network of affiliates will generate additional referral opportunities for all.”