Beverly Hills, CA – January 17, 2012: Rodeo Realty Inc., the Beverly Hills based luxury real estate firm, has had record expansion in 2011. Syd Leibovitch, owner and president, announced the firm had the best year in its 26 year history. Despite the current economic outlook of the housing market, Rodeo Realty has overcome the rough reality of the housing down fall, and thrived using it as a platform to flourish, expand and build a solid team of agents. In 2011, closed sales for the firm were up an astonishing 20% from the previous year.
“Yes, it looks like I am bucking a trend and I am, but I do have a strategy,” said Leibovitch. While most companies have consolidated and cut back, Rodeo Realty has expanded, hired more agents and opened four new offices in Los Angeles. In 2007, Rodeo Realty, Inc. housed 700 Realtors and today has grown to over 1000 Realtors in Los Angeles.
Rodeo Realty, Inc. occupies the position as the number one real estate firm in sales volume in many of the southern California markets. Leibovitch expects to maintain this position throughout the New Year. “I predict the market will take a positive turn in 2012, and I believe we will begin to see an increase in the median price at both a local and national level.” As corporate profits increase, consumer confidence is beginning to rise, and hopes of a near housing recovery tend to surface the horizon. Leibovitch provided compelling housing market predictions for 2012; 5-10% increase in home median price on a local and national level, an increase in interest rates from 4% to 5 %, increase in bank owned properties being sold and an overall increase in sales. The goals in 2012 for Rodeo Realty are simple: expand and acquire more of the best agents in Los Angeles and when the housing market flips for the better, Rodeo Realty will uphold their position as a real estate powerhouse.
About Rodeo Realty, Inc.
Rodeo Realty, Inc. was founded in 1986 by President and Broker, Syd Leibovitch. Today the company is the largest single-owner real estate firm in California with 12 branch offices, over 1000 Realtors and annual sales and listings exceeding $3 billion. Leibovitch also owns LA Mortgage, Encore Escrow Company, and Progressive Title and is regularly consulted about real estate matters by the media, U.S. Congress and other government officials.