Sereno Group Posts $1.1 Billion in Sales First Half Of 2013

Posted by Ryan Iwanaga — July 10, 2013

1373489924LOS GATOS — Sereno Group announced it has recorded $1.1 billion in home sales volume during the first two quarters of 2013, a 65% year over year increase from 2012. The company’s average sales price actually stayed steady at over $1,000,000, even with the marked increase in sales volume.

“The market dynamic of low inventory and high demand continued during the second quarter of this year,” said Chris Trapani, CEO of Sereno Group, “All marketplaces remain extremely competitive and multiple offers are expected with most, if not all, new listings. Our agents have worked tremendously hard for their clients and our incredible sales volume is a testament to their dedication.”

During the first six months of 2013, Sereno Group closed over 1,000 sales, including 320 properties selling above $1,000,000, with a high sale of $5,625,000 in Woodside. Trapani projects the company will close and estimated $2.5 billion by year end 2013, a significant increase from $1 billion in 2011 and the $1.8 billion in closed production in 2012.

About Sereno Group

Open since July 1, 2006, Sereno Group Real Estate has quickly established itself as a market leader by continually attracting top producing agents in the Silicon Valley. During this time, Sereno Group has achieved the highest per agent productivity for residential real estate brokers in the county. In 2012, Sereno Group ranked as the #4 brokerage in the United States for per agent closed sales volume in Real Trends’ annual national brokerage rankings report. The company, which has been ranked the #1 Best Place to Work in the Bay Area for three years in a row, now has six offices located in Los Gatos, Saratoga, Los Altos, Santa Cruz, and Palo Alto and Willow Glen. The 220 agents of Sereno Group sell and serve the Santa Clara, San Mateo and Santa Cruz Counties and points beyond.

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