Irvine, CA (PRWEB) October 25, 2013
The market for luxury Orange County homes priced over $1 million has been on fire during the current real estate recovery with prices growing by an amazing 48% when compared to last year. During that same time, First Team Real Estate was the only top brokerage to pick up market share in this exclusive part of the market.
"The market is just exploding for homes above $1 million, and month over month we just keep picking up market share while the market share for other to brokers is splintering," said Chris Pollinger, Senior Vice President, Sales. "We've made a lot of investments that enable us to serve this high demand market and that is now paying dividends."
Leading real estate data firm Dataquick reported that the market for Orange County properties priced above $800,000 rose by 48% in 2013 when compared to this time last year. In addition, each of the last seventeen months has experienced near double digit price appreciation from the previous year.
At the same time, market share among the top four brokers in Orange County for this elite end of the market has experienced pronounced market share drops ranging from 8 to 60% over the previous year, with the exception of First Team Real Estate.
"Our market share in the $1 million plus 'estate' market picked up by over 38% over our nearest competitor and nearly 8 times faster than any of the other top four brokers," continued Pollinger. "This says a lot about our Estates team, as well as the entire First Team network of agents and professionals. As this market matures and demands continue to change, our market share seems to grow month-over-month and year-over-year."
First Team Real Estate year-to-date has expanded it's market leading position in every price category for Orange County residential real estate. One of the first real estate brokerages to embrace the Internet, First Team uses the web to put nearly all of the market analysis it's agents perform internally at the fingertips of buyers and sellers. One long term analysis of sale-by-sale performance in the Orange County market showed that home sellers that list with First Team can expect that their property will sell for an average of 4.1% more than if they work with another broker.
"Orange County home sellers have seen the First Team premium in their sales prices. For an average OC home listed with First Team this can mean tens of thousands of dollars in additional pricing," concluded Chris Pollinger. "We never forget that our buyers and sellers are asking them to help buy or sell their home. Our agents are trained to use recognize value giving our buyers and sellers a huge advantage."
ABOUT FIRST TEAM REAL ESTATE
Growing from a single office in Huntington Beach, CA in 1976, First Team Real Estate is now Southern California's largest and most trusted private real estate agency with offices across California. In 2011, 2012, and 2013 First Team was recognized as Best Real Estate Company by the annual Orange County Register survey of 100,000 Southern California households. We can be reached at (888) 236-1943.
Firstteam.com is the official website of First Team Real Estate, and is used daily by thousands of unique users who trust its property and market analysis data which is updated four times daily on average. According to independent rating organizations of Internet usage and reach, firstteam.com is the most used brokerage property web site serving Southern California. For more information go to http://ow.ly/lZH0G.