Home Services of America Acquires BHHS Hudson Valley Properties Brokerage Firm
Real Estate In-Depth | September 1, 2021
MINNEAPOLIS— HomeServices of America, Inc., a Berkshire Hathaway affiliate, announced today it had acquired Berkshire Hathaway HomeServices Hudson Valley Properties, which is headquartered in LaGrangeville in Dutchess County. The firm has been servicing the Mid-Hudson Valley market for the past 29 consecutive years.
Hudson Valley Properties will join the Berkshire Hathaway HomeServices New England Properties family of brands, which includes New York, and Westchester Properties, a leading real estate brokerage firm which now has more than 2,200 sales professionals spread throughout 63 offices in Connecticut, Rhode Island, Manhattan, Westchester County and Mid-Hudson Valley. Financial terms of the transaction were not disclosed.
Founded in 1980 by Steven Domber, Berkshire Hathaway HomeServices Hudson Valley Properties serves the counties of Dutchess, Ulster, Orange, Columbia, Putnam and Westchester with more than 400 agents in 13 offices. For the 12 months ending in June 2021, Hudson Valley Properties closed nearly 4,300 units representing $1.53 billion of sales volume, earning more than a 24% market share.
The company joined the Berkshire Hathaway HomeServices network as an independent franchisee in 2014, and with this transaction, joins the HomeServices of America family of wholly-owned companies.
“HomeServices stands for everything I have strived for in building our company–strength, stability and integrity,” said Domber, president of Hudson Valley Properties. “By joining HomeServices of America and partnering with Berkshire Hathaway HomeServices New England, New York and Westchester Properties, we will now have access to greater resources and services, which will be a tremendous benefit to all of our associates as they better serve the real estate needs of their clients.”
HomeServices has earned the ranking of the largest real estate company based on closed transactions since 2019. Hudson Valley Properties ranks #303 among top 350 real estate brokerages in the United States and is a member of the prestigious Berkshire Elite Circle, ranking #31 in the top 50 brokers of the network worldwide. Domber is active in the real estate industry on both the state and national levels. He will continue in his current role as president running the day-to-day operations along with his sales management and leadership team. Domber’s wife Debbie is vice president and director of marketing at Berkshire Hathaway HomeServices Hudson Valley Properties.
“Steven, together with his executive team, sales managers, agents and employees, has built an extraordinary organization and demonstrated a longstanding commitment to providing exceptional service to their buyers and sellers,” said Gino Blefari, CEO of HomeServices of America. “Joining Hudson Valley Properties with the New England Properties family of brands creates exciting opportunities for continued growth.”
“Berkshire Hathaway HomeServices Hudson Valley Properties is one of the most highly respected independent brokerages in our global network,” added Candace Adams, president and CEO of the New England Properties family of brands. “The team’s rich local market expertise—coupled with its proven track record of success—makes Hudson Valley Properties an outstanding addition to our growing network of sales professionals now reaching from Manhattan to the Mid-Hudson Valley, underscoring our strength as a regional powerhouse.”
Hudson Valley Properties is a founding sponsor of The Treehouse Foundation of the Hudson Valley, a fundraising organization that supports local children’s charities, including The Sunshine Kids, raising nearly $1 million since 2002.
With the transaction, HomeServices has nearly 46,650 real estate professionals operating in more than 920 offices across 32 states. In 2020, the company’s associates facilitated $152.2 billion in residential real estate sales and more than 346,000 transactions.