Harcourts has surpassed $20 billion in written sales in the past financial year and is entering into a new joint venture that will launch the real estate group in the United States.
Harcourts International Managing Director Mike Green told their annual conference that the group of over 630 offices in nine countries had completed sales totalling $20.4 billion in the year ended 31 March 2010.
He also announced a joint venture with a 23 office, 700 sales person Californian-based real estate group.
"The United States' property market is just beginning to show signs of improvement and we believe the timing for this step is perfect," he said.
"With the training and technology platform Harcourts has to offer along with our values-based, performance-driven culture we believe there is huge opportunity for this new Harcourts joint venture company to grow rapidly as the general economic situation in the US improves."
Green reported Harcourts, which was established in New Zealand in 1888, had seen strong growth across the board in the last year.
"In Australia we achieved considerable success, for example increasing sales in New South Wales by 73%, achieving a 52% increase in Western Australia, a 47% lift in Tasmania, which has taken us to the number one position there, and 49% growth in Victoria, with our 50th office opening in June.
"We also strengthened our position in New Zealand, where we are already the country's largest real estate, increasing our national market share to a record level," he said.
