The Agency’s 2014 Year In Review Report presents a comprehensive view of Los Angeles’ prime residential markets, revealing a banner year for both the ultra-luxury SFH sector and high-rise luxury condominiums. Single-family residences valued greater than $20M saw the greatest gains in 2014, with The Agency capturing the largest share of these sales in LA County. Showing continuing signs of growth are condominiums, which recorded their highest values in the past decade, reflecting Angelenos’ increasing desire for vertical, urban living.
In addition to the continued push for innovative branding, marketing, and PR, The Agency achieved outstanding monetary milestones in 2014. Producing $2 Billion in total transactions virtually doubled the size of our business, while CEO and Co-founder Mauricio Umansky claimed the #1 spot for deals over $10M. Numbers and figures aside, The Agency has added two new offices—Brentwood and the Beach Cities—as well as seamlessly merging with a full-service marketing and design firm to form Wicked + The Agency, an in-house creative agency servicing luxury and lifestyle brands.
In addition to providing insight into Southern California’s most prestigious neighborhoods, the report offers feature stories on the rise of ultra-luxurious, 6-star vacation rentals as well as LA’s cutting-edge culinary scene. And don’t miss the series of captivating snapshots representing The Agency’s active presence on social media.
The report analyzes all condominium sales over $500,000 and single-family residence sales over $1,000,000 in the prime neighborhoods of Los Angeles – stretching from downtown to Santa Monica and Malibu, and roughly from the I-10 Freeway to Mulholland Drive. To read the full report, click here.
The Research & Development Team is a part of the New Development Group at The Agency. Collectively, they are advising on the most important new development projects on the West Coast. For information regarding market intelligence, or for individual property analysis, please contact Morgan Ball – Associate Director, New Development – at 424.230.3748 or morgan@TheAgencyRE.com.