Engel & Volkers Partners With Pareto Realty to Increase Network in Williamson County, Texas

International real estate corporation Engel & Völkers recently has partnered with Pareto Realty to grow its network in Williamson County.

Pareto Realty will now do business under the banner of Engel & Völkers Nashville. The deal was spearheaded by license partner Neal Clayton and adds former Pareto owner and principal broker, Barry Owen, to its management staff. This brings 18 new real estate advisors to Engel & Völkers Nashville, growing it 55 in total.

“Our team is thrilled to have the opportunity to extend our client offerings, advisor tools and resources and our professional family with Engel & Völkers,” Owen said. “We all share a commitment to providing luxury service to every client we have the opportunity to serve, and this union will be a catalyst for Engel & Völkers’ growth throughout Tennessee.”

Owen founded Pareto and, according to Clayton, developed his firm in such a way that it paralleled the goals Engel & Völkers Nashville has. Both view Williamson County as an attractive receptacle for overflow from Nashville’s growth as an international destination and particularly targeting executive-level buyers from Chicago, New York and California. Engel & Volkers Nashville aims to open a brick-and-mortar locale in Franklin within the next year.

Greater Nashville Realtors reported last month that the total residential inventory had decreased from about 7,100 in April 2020 to 2,700 a year later, indicating Greater Nashville cannot build fast enough. The area for which data was aggregated included Wilson, Williamson, Sumner, Rutherford, Robertson, Maury, Dickson, Davidson and Cheatham counties.

Founded in Germany in 1977, Engel & Völkers specializes in luxury real estate in both North and South America with 4,500 real estate advisors across 225 offices. Globally, the company employs 13,500 real estate professionals in at least 34 countries, providing luxury services such as yachting in addition to real estate.