Alain Pinel Realtors (APR) has announced changes to their regional offices, with their Livermore Valley office joining their Pleasanton office to help better utilize the premium 10,000+/- square foot, recently expanded Pleasanton office space, which the firm purchased in 2000. With the newly improved space and extra room available, the consolidation will provide a more effective working space for the APR Livermore sales professionals. APR currently holds #1 market share based on sales volume in Livermore, in both dollar volume and unit sales.
Don Faught, Vice President and Managing Broker is very excited and said, “This strategic move is a great benefit to our clients and our agents! While other companies have been paralyzed by decreased sales, suffered through budget reductions and forced to downsize, I’m proud to say that APR has continued to grow. Consolidating the two market share office leaders in the Tri-Valley, APR Livermore and APR Pleasanton, under one large roof in our downtown Pleasanton office at 900 Main Street just makes sense.”
Faught said, “By being more efficient in a centralized location, we can leverage our resources to further increase and enhance our marketing, technology and customer service efforts for our clients, our top-rated agents and the communities we serve. This decision positions the APR brand for even greater future success.”
APR remains strong Bay Area wide. The firm is, and always has been, debt free, and is having an amazing year, year-to-date. The firm sold a record $1.1 billion of real estate in April 2012, an increase of 53% over April 2011. APR was ranked the fifth largest real estate firm in the United States based on its sales volume in 2011, moving up one position from their 2010 ranking, according to the Real Trends 500. APR had a successful 2011 with a sales volume of $7.2 billion, equaling the firm’s closed sales volume of $7.2 in 2007, before the market downturn. APR was the only brokerage in the top 5 on the REAL Trends 500 that increased its sales, which was up 5.6% over 2010.
Additionally in April, four APR offices wrote more than $100 million in sales, led by the APR Investment Group with $167 million. In total, 90% of all APR offices were up over last April on written sales dollars. On the national level, existing-home sales rose in April and remain above a year ago, according to the National Association of Realtors. Total existing-home sales increased 3.4% in April from March, and are 10% higher than April 2011.
Founded in 1990 the firm is now the largest privately owned and independent residential real estate company in California. APR remains the only regional boutique firm that covers the entire Bay Area.