Posted by LuxuryRealEstate.com
BEVERLY HILLS, CA - The Agency has published their third quarter market report for the Los Angeles area. Real estate in LA’s prime markets continued to climb in value during the third quarter. Condos achieved, yet again, their highest price point ever as measured by average price per square foot, and single-family residences closed the period just shy of record-breaking Q2-15 valuations, at $914/SF. SFR sales volumes, which are typically lighter during the summer months compared to the strong springtime selling season, recorded their 7th consecutive quarter-over-quarter gains, with 993 $1MM+ homes trading hands.
What we are most proud of this quarter, however, is The Agency’s achievement as The Wall Street Journal’s most outstanding brokerage in LA County, as measured by the number of agents represented in the country’s top 250 realtors. In its 2015 Top 1,000 Real Estate Professionals rankings, The Wall Street Journal ranked 20 of The Agency’s associates among the best of the best in the U.S. in several categories. While we are both the youngest and the smallest of the organizations with more than one agent on the list, The Agency led all LA County brokerages with a staggering 13 agents represented on The Journal’s Top 250 Individuals by sales volume
To read the full report, please click the photo below: