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Partners Trust’s Third Quarter 2017 Los Angeles Real Estate Market Report

It is our pleasure to introduce Partners Trust’s 2017 third quarter real estate market report. This quarter brought milestones for L.A. County’s real estate market and landmark events for Partners Trust.

Market Analysis

Many of L.A.’s most coveted neighborhoods experienced a jump in average sold price year-over-year, from West Hollywood to Pasadena, and most homes spent significantly fewer days on the market. In fact, Los Angeles County experienced the greatest demand in residential properties since the height of the housing market in 2007.

Creating the Ultimate California Brokerage Company

This August also set the course for a new era of Los Angeles Real Estate when Partners Trust merged with Pacific Union International. This merger followed Pacific Union’s merger with L.A.’s John Aaroe Group in December 2016; together, the three brokerages are creating the Ultimate California Brokerage Company, the largest independent real estate brokerage in California and the dominant force in the Los Angeles real estate market — all while maintaining the nimbleness of a neighborhood-focused, independent brokerage.

The new company, which plans to unite under the Pacific Union name this January 2018, is comprised of 47 offices and more than 1,450 real estate professionals in Northern and Southern California. The Southern California offices will continue to operate under their current leadership and will incorporate Pacific Union’s innovative marketing and business intelligence assets into their real estate practice.

With a host of new resources and an immense expansion of network, both statewide and globally, Partners Trust is looking forward to serving its clients better than ever before.

To access our previous real estate market reports or return to this report at a later date, please visit our Market Stats page.

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Managing Partner Sarah Kosasky to Speak at 2017 Broker Conference Expo

The 2017 California Realtor Expo, the premier tradeshow for California’s real estate industry, will take place in San Diego from October 10-12. Bringing together the best in the business—ranging from top-producing brokers to economists and tech experts—this three day event will be rife with one-of-a-kind education, networking and professional development opportunities.

On October 11, Managing and Founding Partner of Partners Trust Malibu Sarah Kosasky will be speaking at the Expo’s Broker Conference on a panel that explores the process of “Designing a Magnetic Brokerage Culture.” Sarah will discuss her experience of recruiting the right talent, leading her agents to success and forming one of L.A.’s most respected and reliable real estate teams. “The foundation of our office’s culture is support and trust.  It’s no secret that real estate is highly competitive so stress levels in the field can be high. I love healthy competition but to have a successful team, the culture within our walls must be collaborative. I have found that the office needs to provide a respite, a place for agents to come refocus, strategize with one another, freely engage in discussion, exchange new ideas, and root for one another to win.“

Hosted by the California Association of Realtors (CAR), the 2017 Broker Conference is designed to provide you with the tools you need for the brokerage you want. Attendees will gain insight into how one should lead a firm and create a culture that remains true to its values, which certainly strikes a chord with our principles at Partners Trust.

This one-day event at Expo, located at the Marriott Marquis from 9 a.m. to 6:30 p.m., will cost $99 until October 9 and $109 onsite. If you wish to register in advance, please click here.