Entrepreneur finds success in luxury home market

Chris Lynch ’84, CEO of Legacy Properties Sotheby’s International Realty, founded his luxury real estate brokerage in Portland, Maine, in October 2005, now considered the best of times for the real estate market. Yet according to Mainebiz magazine, Lynch partially credits the slumping real estate market for his success:a 38-percent increase in gross revenues in 2008 and, in a three-year period, capturing a quarter of the luxury-home market — generally defined as homes worth over $1 million — between York and Waldo counties. “There are tremendous opportunities to grow in a down market,” Lynch says. [More…]