Sotheby's Agents Surprised by Office Closure
Santa Ynez Valley Journal, March 26, 2009
By Barbara Lanz-Mateo
... Real estate agents at the Los Olivos office of Sotheby's International Realty were caught off guard March 19 when they were told the office would close in a matter of days. Greg Tice, regional manager for Sotheby's, and Frank Simmons, vice president and chief operating officer of the company's western region, told the group of agents March 19 the office would close March 27...
...Homes sales in the unincorporated areas of the Santa Ynez Valley are down 30 percent from a year ago, according to Delores Conway, an associate professor of statistics in the Marshall School of Business at USC. Solvang and Buellton are doing only slightly better, with sales down 21 percent and 29 percent, respectively...
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