William Pitt Real Estate Revenue and Competitors

William Pitt Real Estate was founded in 1949 when 23-year old Bill Pitt opened his one-person real estate services firm in Stamford, Connecticut. His dream was to build a real estate network exclusive to Fairfield County, Connecticut and the towns immediately surrounding this upscale luxury real estate market. In its first year, sales totaled $50,000. By 2004, William Pitt Real Estate had grown to 24 offices, with 600 sales associates and annual transactions exceeding $2 billion. In 1953, Mr. Pitt began to expand his real estate service company, opening a second office in Stamford. In the 1950's and 1960's, Pitt expanded into desirable Connecticut communities such as Greenwich, Darien and New Canaan. In the 1970's and 1980's he expanded his real estate offices into Ridgefield, Westport, Danbury, Norwalk, Wilton, Fairfield and Trumbull. By the late 1990's, the firm added offices in Newtown, Redding, Southbury and Washington. In 1998, the firm's president, Paul Breunich, joined Mr. Pitt and new managing partner, Casey Jones, as one of the firm's three managing partners. Jones and Breunich assumed control of the privately held and operated William Pitt Real Estate in 2001, embarking on what would become the most significant growth period in the history of the firm. Under their leadership, William Pitt continued to expand throughout Fairfield County, adding offices in Rowayton, Southport, and Wilton. In 2004, the firm expanded beyond Fairfield County for the first time with an office in Avon. To maintain its leadership position as one of Connecticut's top-producing real estate firms, in January, 2005, William Pitt Real Estate announced a new franchise agreement with Sotheby's International Realty. Twenty-one offices and 500-Plus sales associates remain independently owned by Jones and Breunich and now do business as William Pitt Sotheby's International Realty. By teaming up with this internationally known prestige brand, William Pitt Sotheby's International Realty sales associates now have expanded marketing resources and access to an unsurpassed international network of buyers and sellers.