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.