Record Year for Bay Area Real Estate Firm
SARATOGA, California (May 22, 2014) — Alain Pinel Realtors (APR) closed sales volume in 2013 places them as the fifth largest residential real estate company in the United states for a third consecutive year, according to a notable recent research report produced by REAL Trends. Despite constrained inventory, APR had a record year with a closed sales volume of almost $10.5 billion, a 19% increase over their 2012 sales of $8.8 billion. APR is the only firm in the top five nationally-ranked firms that only operates in one state.
The REAL Trends report confirms APR’s position as the largest privately-owned and independent residential real estate company in California. APR was ranked number two in the U.S. by average sales price at $1,151,901, the highest of any California-based brokerage. APR was also the third fastest growing firm in the state in terms of sales volume.
“Our national rank is indicative of the strength of our brand, the professionalism of our agents, the trust of our clients, and the health of the Northern California real estate market,” says APR Executive Vice President Rainy Hake. “Despite our regional focus, we achieve nationally ranked results through our outstanding marketing and successful strategy of catering to the affluent buyers and sellers of the Bay Area and beyond.”
APR also achieved impressive rankings in RISMedia’s Power Broker report, another publication that ranks the largest brokerages in the United States. APR was similarly ranked number five in the nation based off sales volume. The company was ranked 47th by homes sold with 9,107 homes sold in 2013 – the fourth highest of any California-based brokerage.
The rankings come just weeks after APR was also named the number two of both private and public real estate companies in the Silicon Valley by the Silicon Valley Business Journal, based on $6.41 billion sales within Silicon Valley alone.