It is our great pleasure to introduce Partners Trust’s 2017 First Quarter Real Estate Market Report, intended to apprise you of sales figures and analysis of the Los Angeles real estate market in its current state. Within its pages, you will find a breakdown of each major region of Los Angeles as well as stories that bring to light all that has energized Partners Trust this first quarter of 2017.
The Latest at Partners Trust
After closing 2016 at approximately $2.5 billion in sales, totaling $10+ billion since the company’s inception in 2009, and giving $100,000 via the Partners Trusts Charitable Giving Fund, Partners Trust, and each associate therein, set its sights on an even better 2017.
Harnessing the past year’s momentum, the company had an accomplished first quarter, ranking in the top 100 elite brokerages nationally on the REAL Trends 500, the nation’s trusted source for brokerage performance. Additionally, Partners Trust was ranked in the top 12 Los Angeles residential real estate brokerages by sales volume in the Los Angeles Business Journal’s issue known as “The List,” and eight of its Founders and Partners were named amongst Variety’s 2017 Showbiz Real Estate Elite.
With 100 percent participation from Partners Trust associates and increased efforts in events and fundraising, the Partners Trust Charitable Giving Fund has proudly announced three additional charities for the first half of 2017, each to benefit and impact children in need throughout Los Angeles. Read on for more information on these overarching themes of the first quarter.
Demand for Los Angeles real estate continues to rise in most neighborhoods county-wide and the market’s steady growth has made it an attractive investment for buyers, both local and global, as is evident in the amount of residential sales this quarter, up 104 percent year-over-year.
To access our previous real estate market reports or return to this report at a later date, please visit our Market Stats page.