“Christie’s in-depth research of global luxury real estate markets have confirmed what we are seeing month after month in the Southern California market,” said Mark Hughes, Chief Operating Officer, First Team Real Estate Christie's International
Irvine, CA (PRWEB) June 26, 2015
Continued strong sales growth in 2014 has turned the regional market for luxury real estate in Southern California into an exclusive global market which is expanding by approximately 7%, which ranks it globally as the fifth largest growth market for exclusive properties, according to the Luxury Defined white paper by Christie’s International Real Estate.
“Christie’s in-depth research of global luxury real estate markets have confirmed what we are seeing month after month in the Southern California market,” said Mark Hughes, Chief Operating Officer, First Team Real Estate Christie’s International. “Near double-digit growth has been occurring because of strong global demand for Orange County’s most exclusive estates and strong local demand.”
In their research white paper entitled, Luxury Defined, Christie’s International Real Estate found that of the over 144 global real estate markets surveyed for sales activity in 2014 for properties priced more than $1 million, the five county Southern California region had the fifth largest growth globally, being surpassed only by Miami, Sydney, San Francisco, and Toronto. For more detail on the report, click http://luxurydefined.christiesrealestate.com/blog/market-insights/snapshot-of-the-worlds-top-10-luxury-real-estate-markets.
“Our exclusive partnership with Christie’s International in Orange County and coastal Long Beach has proven invaluable to serving the unique needs of buyers and sellers of luxury properties,” explained Hughes. “Their research has continually spotlighted the success the Southern California market is having in helping define luxury estates globally and within the United States, and through research like this and all of the tools we have on firstteam.com, we strive daily to give buyers and sellers as much real time market information as possible.”
About First Team Real Estate Christie's International
First Team Real Estate Christie's International specializes in selling Orange County's most unique and exclusive properties. As part of the luxury division of Southern California's most trusted real estate company, First Team Real Estate, First Team Real Estate Christie's International has been recognized for its unparalleled level of service for estate buyers and international buyers in major media in Asia and the United States. In 2011, 2012, 2013, 2014 First Team Real Estate Christie's International was recognized as part of the 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 or at firstteam.com.