Bob Bennion and Bob Deville, Owners of Windermere Real Estate Southern California, recently announced their regional brokerage eclipsed the $1.6 Billion sales mark through the first six months of 2015, and surpassed $2.4 Billion in sales last year. Bennion and Deville also announced the release of the company’s 2015 second quarter Market Report, which is available for download on WindermereSoCal.com, recapping the latest Southern California real estate trends city-by-city for the Coachella Valley, Orange County, and San Diego.
Says Steve Murray, President of REAL Trends, the nationally recognized source for real estate data, “Bob Bennion and Bob Deville’s offices, when included in our market rankings combining Riverside and Orange Counties, would place 2nd in transactions and 4th in sales volume for 2014 and rank 53rd in sales volume and 61st in transactions nationally for 2014.”
Says Bob Deville, “Our team has been hard at work in the Coachella Valley, Orange County, and San Diego County, producing exceptional results that place us as one of the best in the region for an independently owned and operated company. We are grateful for the hard work and dedication our agents have put in and are fortunate to have a phenomenal management team and support staff in place. Combined, they have all made 2015 the best year to date for our company.”
Recently, Windermere Southern California released its second quarter Market Report for select Southern California markets and communities. Included in the data are year-to-year and quarter-to-quarter comparisons, as well as a 10-year trend line to gauge the general direction of the market. New to the Quarterly Market Report is a supplemental Luxury Market Report, recapping the trends in high-end homes through the three major Southern California markets.
Based on numbers provided by the Multiple Listing Service (MLS) and analyzed through TrendGraphix, the Coachella Valley is a buyer’s market. The Southern California desert saw roughly 5% more homes listed over 2014 but a decrease of almost 4% in sales for the same period last year. Inventory levels remain at a healthy 6.3 months, with a normal market level at 6 months. “We are seeing the market make steady gains to get back to pricing and inventory levels close to the peak of the market back in 2006,” says Chris Anderson, General Manager. “The progress made over the last 18 to 24 months has given us, and consumers, confidence in the Coachella Valley real estate market.”
According to data supplied by the MLS and analyzed with TrendGraphix, San Diego is a seller’s market. Overall, the county saw just over 9% fewer homes listed than in 2014 but an increase of almost 10% in sales for the same period last year. Inventory levels remain at a scant 1.9 months, less than one-third of normal market inventory levels. “The San Diego market is very hot right now,” says Kirk Gregor, Managing Broker. “We are seeing homes get multiple offers within days of coming onto the market in some areas. The demand for homes continues to maintain a high level, even as home prices steadily climb.”
Orange County is experiencing the same housing market frenzy as in San Diego. MLS data analyzed through TrendGraphix indicates Orange County is a seller’s market. Overall, the county saw almost 12% fewer homes listed than in 2014 but an increase of just under 14% in sales for the same period last year. Inventory levels remain at a slim 2 months, with 6 months the standard market inventory level. “Orange County is in the midst of a massive market resurgence,” says Sandi Richardson, Managing Broker. “Homes throughout the county are in high demand, even as prices maintain a steady increase. We are seeing a lot of sellers finally cash in on the equity they have built into their homes over the last 7-8 years and either move up or downsize.”
Says Bob Deville, “As a Southern California real estate market leader, we are proud to release this important information to our clients and the general public so they can educate themselves on whether or not now is the time to sell their home or purchase that property they have been watching. Southern California is ripe with opportunity and our goal is to provide the tools to make the best decision and achieve the benefits that come with an enhanced lifestyle and financial success.”
About Windermere Real Estate Southern California
Founded by Bob Bennion and Bob Deville in 2001, Windermere Real Estate Southern California quickly rose to prominence as the Palm Springs area market leader, consistently listing and selling more homes than any other real estate brokerage. As real estate agents themselves, “The Bobs” know what it takes for agents to successfully satisfy their clients in today’s ever-changing marketplace, providing exceptional services and support to help to make all transactions as smooth as possible. Windermere Southern California proudly serves the communities of Palm Springs, Cathedral City, Rancho Mirage, Palm Desert, Indian Wells, Bermuda Dunes, La Quinta, and Indio.
The Premier Properties program showcases and markets some of the Coachella Valley’s finest homes and estates, maximizing each property’s exposure and impact worldwide through exclusive international partnerships. Launched in 2014, the A+D program, or Architecture plus Design, pays tribute to the rich heritage of design, innovative vision, and iconic modern architecture born in the Coachella Valley. A+D embraces homes that have architectural or historical significance, an inherent reflection of the style or period they represent, or are originally created/designed by noted architects and designers, and thus provides a unique platform to give these one-of-a-kind homes the proper presentation they deserve.
Bennion and Deville have created an extensive network of agents, clients, and partners, the largest, top-producing network for real estate available in the Palm Springs market, leveraging the power of an invitation to the Leading Real Estate Companies of the World® and acting as the exclusive local affiliate of Luxury Portfolio International®. For the location of the Windermere Real Estate Southern California office nearest you, visit us on the web at WindermereSoCal.com or give us a call at (760) 341-4141. Follow us on Twitter and Facebook @WindermereSoCal.Next Post Previous Post