Proud To Be A Part of This Wonderful Company!

APR $10.5 Billion Sold in 2013

Alain Pinel Realtors (APR) had a record year in 2013 with closed sales volume of $10.5 billion, a 19% increase over their sales in 2012, despite constrained inventory. Additionally, four individual APR offices – Los Altos, Los Gatos, Menlo Park, and Palo Alto – all had over $1 billion in closed sales in 2013.

APR outperformed the market in both number of sales and dollar volume. While in the Bay Area, the industry average number of closed sales was down 5%, APR surpassed the market by 14%, with 9,107 closed sales, up 9% over their 2012 numbers. In addition to increasing their market share, the firm also achieved an average sales price of $1,151,940, up 9% over 2012.

“We benefit from being a family-owned company that has a community feel while achieving a global reach,” said Rainy Hake, APR Executive Vice President. “Our strategy to be customer-focused and our mission to continually redefine the way real estate is done has helped us achieve success year after year.”

The 2013 numbers come on top of the firm’s other successes last year, having been ranked the fifth largest residential real estate firm in the United States for a second consecutive year based on 2012 sales volume, according to REAL Trends. The firm had a closed sales volume of $8.8 billion in 2012, a 23% increase over their sales in 2011.

Alain Pinel Realtors looks forward to continued growth in 2014, focusing on reimagining the real estate customer experience both locally and globally. APR will do this with new technology tools, accelerated agent training, and innovative marketing opportunities while focusing on their customized personal connection to their clients.

How Did the Lamorinda Real Estate Market Look in Q4?

Here’s a look at Lafayette, Moraga and Orinda’s Quarter 4 Real Estate Market Report.  There are lots and lots of very qualified buyers out there who are waiting for houses to come on the market. The spring market typically starts this weekend (the weekend after the Super Bowl).  Will we see the inventory pick up?  (Email us if you would like us to send you a clearer copy – BrydonIvesTeam@apr.com.)

Q4 Contra Costa Market

Crystal Ball Sees Stability in 2012

“After years of decline, housing prices are expected to stabilize or even increase in some parts of the Bay Area this year, according to a new forecast.”  This is according to an article written by Pete Carey in today’s Contra Costa Times (January 9, 2012). http://www.contracostatimes.com/bay-area-news/ci_19691780

The article states that Bay Area home prices in the San Francisco-East Bay metro area were down 4.7% in 2011 and are expected to increasd 0.1% in 2012. (Source: Clear Capital)

The lack of inventory in the Lafayette, Moraga, Orinda (Lamorinda) area has been our biggest hurdle. Due to this fact, many homes have moved quickly and have had multiple offers. These are typically houses that are turn-key with a nice flat yard area.

Interest rates will likely help continue this momentum with conforming rates below 4% and jumbo rates at or just above 4%.

We will just have to wait and see!