Celebrating Our Lucky #7 Brand Launch Anniversary
Bennion Deville Homes, the #1 real estate company in the desert, proudly celebrates 7 years as an independent brand. The brokerage officially broke from the franchise model on October 1, 2015, when it debuted its new name, Bennion Deville Homes, and iconic blue logo. Since that time, Bennion Deville Homes has forged a unique path in the industry while cementing its place atop the Coachella Valley real estate market. At the beginning of this year, Bennion Deville Homes became a wholly owned subsidiary of HomeServices of America, a Berkshire Hathaway affiliate and the nation’s leading real estate company by transactions. This dynamic partnership gives Bennion Deville Homes agents access to the meaningful tools and local support they need to best serve their clients in today’s demanding real estate environment, while broadening its network to include some of the most respected companies in the industry.
“We are honored to celebrate our 7th anniversary as Bennion Deville Homes,” states Bob Deville, C.E.O. of Bennion Deville Homes. “When we left behind the real estate franchise model it was an uncertain but exciting path forward filled with opportunity. Our mission is to raise the standard for what a real estate brokerage should be and what we can do to help our clients, which inspired our push for independence 7 years ago. We have always directed our business decisions by doing what’s in the best interest of our agents, which is in turn doing what is in the best interest of our clients and our ability to meet their needs.”
The timing of Bennion Deville Homes joining HomeServices arrives at an opportune moment in the market. Bennion Deville Homes shattered company sales records two years in a row due to a national real estate rush that was caused by several factors, including the proliferation of the remote work trend, low interest rates, and the demand for less densely populated markets during a global health crisis. Although the desert real estate market is still robust, a shift toward a balanced market is underway. In contrast to large metropolitan areas and primary markets, the Coachella Valley’s status as a resort market has buffered it from a dramatic decline in sales activity. While many large cities are seeing sales plummet by 50%, the desert is experiencing a more modest adjustment, coming in under 25% in the most recent figures from August, with stable home prices. Additionally, the desert market shouldn’t feel the pinch of soaring interest rates as severely as other markets, given that cash transactions still dominate home sales.
Over the past couple of years there has been an emerging trend for small and independent companies to join national real estate networks and brands. This industry arms race is even more important as the market experiences the ripple effect of a post-pandemic shift. The added security that comes from aligning with a national network helps firms insulate themselves from any potential volatility in the market while benefiting from the economies of scale and sharing of best practices that come with size. “As incredible as these past several years have been, our future is even more promising as a member of the HomeServices family of companies,” continues Deville. “The combination of aligning with the leading real estate company in the country and our standing as the top local real estate brokerage will allow us to push our business to even greater heights and deliver an unrivaled level of service-driven results to our clients. We are excited for what’s to come as we embark upon this new chapter.”
“We would like to thank everyone – our clients, our agents, and our staff – for their belief in us and commitment to what we are working hard to accomplish every day. None of this is possible without your confidence and trust. We are honored to have earned your business, partnership, and loyalty, and we look forward to unlocking possibilities for you for years to come,” Deville concludes.
About Bennion Deville Homes
Founded in Palm Springs in 2001 by real estate veterans Bob Bennion and Bob Deville, Bennion Deville Homes serves home buyers and sellers throughout Southern California. Bennion Deville Homes is a wholly owned subsidiary of HomeServices of America, a Berkshire Hathaway affiliate. HomeServices is the nation’s largest real estate company based on closed transactions, strengthening Bennion Deville Homes’ and its standing as a top brokerage on the local, regional, and national stages.
Bennion Deville Homes agents serve in the primary markets of the Greater Palm Springs Area (Coachella Valley) and surrounding mountain communities of Riverside County. Coachella Valley offices include locations in Palm Springs, Rancho Mirage, Palm Desert, Indian Wells, and La Quinta. Bennion Deville Homes also has an office in Garner Valley, Mountain Center.
The Bennion Deville Homes LUXE Collection is an exclusive luxury home marketing program created to position premium properties in front of luxury homebuyers from around the world. The LUXE Collection and its esteemed group of LUXE Directors represent the finest luxury homes in the Coachella Valley, thanks in part to exclusive partnerships with Leading Real Estate Companies of the World® and Luxury Portfolio®. These key affiliations create a strong presence in print and online platforms to help high-end properties gain key exposure to an affluent international client base.
Visit our website, BDHomes.com, for the location of the Bennion Deville Homes office nearest you. Follow us on major social media platforms @BDHSoCal for the latest local and national real estate and lifestyle news. We will unlock possibilities for you.