APR Sold $1.1 Billion of Real Estate in April 2012
Posted by Rainy Hake — May 30, 2012
The real estate market is looking up and Alain Pinel Realtors (APR) is leading the way. The firm sold a record $1.1 billion of real estate in April 2012, an increase of 53% over April 2011.
APR was ranked the fifth largest real estate firm in the United States based on its sales volume in 2011, moving up one position from their 2010 ranking, according to the Real Trends 500. APR had a successful 2011 with a sales volume of $7.2 billion, equaling the firm’s closed sales volume of $7.2 in 2007, before the market downturn. APR was the only brokerage in the top 5 on the REAL Trends 500 that increased its sales, which was up 5.6% over 2010.
“As the real estate market continues to show signs of recovery, phenomenal months like the one we had in April prove that APR is on the forefront of the improving market,” said Paul Hulme, CEO & President of Alain Pinel Realtors. “This is a great accomplishment by our sales professionals. It’s through their hard work that we have been able to achieve these incredible results.”
Additionally in April, four APR offices wrote more than $100 million in sales, led by the APR Investment Group with $167 million. In total, 90% of all APR offices were up over last April on written sales dollars.
On the national level, existing-home sales rose in April and remain above a year ago, according to the National Association of Realtors. Total existing-home sales increased 3.4% in April from March, and are 10% higher than April 2011.
About Alain Pinel Realtors
Alain Pinel Realtors (APR) is the largest privately-owned and independent residential real estate company in California. APR was ranked the fifth largest residential real estate firm in the United States based on its closed sales volume in 2011, and has been consistently ranked in the Top 10 firms in the country. The firm has nearly 1,400 agents in its 32 offices throughout the Bay Area. Celebrating over 20 years in Bay Area real estate, APR was founded in 1990 by CEO and President Paul L. Hulme, and is based in Saratoga, CA. For more information about APR, visit our website at apr.com.