RESIDENTIAL REAL ESTATE BROKERAGES.Ranked by sales EXECUTIVE SUMMARY JUST about all of the residential real estate brokerages on this year's list reported increases in sales volume for the 12 months ended June 30, with the average annual growth rate for all 25 brokerages being 10.9 percent. The biggest gain was seen at the list's No. 8 company, Re/Max of Valencia, where sales rose 44.8 percent. Other large increases were posted by No. 3 Prudential California/American/John Aaroe Realtors, up 30.3 percent, and at No. 10 on the list, Re/Max on the Boulevard, up 28.2 percent. One doesn't have to look far for the reason. Home sales are extremely strong throughout the county, with values returning to their pre-recession highs and unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. continuing to rise. Interest rates are higher than last year but have held steady overall. If there is any dark cloud dark cloud See absorption nebula. on the horizon, brokers say, it is related to inventory. This year's inventory of available for-sale homes is lower than last year's, and it continues to shrink. That sets the stage for even more price increases, which will force many people out of the market entirely. Insiders believe things will remain static at least through the new year. THE PACESETTER COLD WELL BANKER THE No.1 residential brokerage in L.A. County is just getting bigger, thanks to a string of acquisitions last year. In December, the company acquired Coast Newport Properties for an undisclosed sum. The deal created the largest real estate brokerage in Orange County and strengthened the company's position in the luxury home market. Coldwell Banker also bought McGarvey Clark in north Orange County, Bradbury Realtors in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. , and strengthened its foothold foot·hold n. 1. A place providing support for the foot in climbing or standing. 2. A firm or secure position that provides a base for further advancement. foothold Noun 1. in the San Gabriel Valley The San Gabriel Valley is one of the principal valleys of southern California. It lies to the east of the city of Los Angeles, to the north of the Puente Hills, to the south of the San Gabriel Mountains, and to the west of the Inland Empire. by purchasing both Podley Caughey & Doan and William Wilson Many real people and fictitious characters share the name William Wilson, or variations such as Bill or Willlie Wilson, including:
The company reported a strong year for the 12-month period ended June 30, thanks to rising home prices: units sold rose by only 1.4 percent, but sales volume was up 8.6 percent to $1.06 billion. Bob Le Fever, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, division of Coldwell Banker, says the strong California economy is increasing the demand for housing and expects the trend to continue into 2001. As the housing industry booms, Coldwell Banker is seeing a different type of salesperson than in years past. "We have many people coming into the business with master's degrees master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. ," Le Fever said. Le Fever joined Coldwell Banker in 1995 as president. In addition to overseeing the largest Coldwell Banker sales force in the country, he also presides over the top-producing Previews divisions within Coldwell Banker. This accounted for over 40 percent of all the million-dollar-plus transactions handled by the Coldwell Banker system nationwide. Prior to launching his real estate career, Le Fever served with the FBI in Mississippi and Florida. |
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