Pacific Union International Q1 Sales Volume Topping 42 Percent
May 12, 2017
Pacific Union International Delivers Aggressive Q1 Results With Sales Volume Growth Topping 42 Percent
John Aaroe Group Posts Highest First-Quarter Sales in Company History
SAN FRANCISCO, May 12, 2017 /PRNewswire/ — With 2016 sales volume of $10.15 billion, Pacific Union International, Inc. continued its climb in 2017, posting sales volume growth of 42.1 percent for year to date April 2017 and units sold growth of 27.5 percent over the same period in 2016. This remarkable momentum was propelled by historic sales from John Aaroe Group, Pacific Union’s Southern California brand. With recent new developments and business wins from The Mark Company, Pacific Union now projects its 2017 sales volume to exceed $13 billion, which would make it the largest independent residential real estate firm in California.
On the heels of its December 2016 merger with Pacific Union, Los Angeles-based luxury brokerage John Aaroe Group reported seven significant closings over $10 million in the first quarter, including the Danny Thomas Estate ($65 million, the second highest in the history of Beverly Hills), an estate in Holmby Hills ($40 million), and the highest reported sale in the history of Malibu’s famed Carbon Beach ($48 million). These remarkable sales results exceed any first quarter in the firm’s history.
John Aaroe Group’s year to date performance in Southern California combined with Pacific Union’s and The Mark Company’s results in Northern California produced a 27.5 percent gain in the number of units sold year over year, while the average sales price increased by more than 11 percent.
“The spectacular leadership displayed by John Aaroe and his extraordinary team is setting the pace for the entire organization,” Pacific Union CEO Mark A. McLaughlin says. “We are thrilled to enjoy synergies with John’s amazing team, and we firmly believe that we have created the ultimate California real estate company.”
The Mark Company, Pacific Union’s sales and marketing firm for new urban residential developments, launched the first quarter by announcing an exclusive new contract to drive sales and marketing for the highly anticipated Oceanwide Plaza residences near downtown Los Angeles’ Staples Center and L.A. LIVE. The three-tower project includes 504 ultra-luxury condominiums and boasts one of the country’s most luxurious urban rooftop parks.
To enhance direct international exposure, on Jan. 1, 2017, Pacific Union and John Aaroe Group dramatically increased investments in global digital advertising campaigns in Brazil, India, China, and the U.K. The first-quarter campaign results delivered more than 60 million global impressions and 245,000 international unique site visits to http://www.pacificunion.com/. The dynamic campaign exceeds past initiatives or exposure created for Pacific Union through its affiliation with Christies International Real Estate.
About Pacific Union
Founded in San Francisco in 1975, Pacific Union International, Inc. is the West Coast’s premier luxury real estate brand. With sales volume of $10.15 billion, real estate industry leaders RISMedia and REAL Trends rank Pacific Union as the eighth-largest brokerage in the U. S. Through its 2015 acquisition of The Mark Company, the nation’s leading sales and marketing firm for new urban luxury developments, Pacific Union expanded its brand to development projects from San Diego to Seattle. In 2016 Pacific Union merged with Los Angeles-based brokerage John Aaroe Group, extending the Pacific Union brand to become the ultimate California real estate company. The strategic alliance of these three powerhouses creates combined 2016 production of $10.15 billion supporting over 1,100 elite real estate professionals in 38 offices throughout the Pacific coast. Extending Pacific Union’s international reach, in 2013 the brokerage established an award-winning Beijing-based China Concierge program that fully supports its Chinese investors on the mainland. Additionally Pacific Union offers a full range of personal and commercial real estate services, including buying, selling, and relocation in addition to operating joint-venture businesses that provide rental and commercial property management and insurance services. Locally owned, Pacific Union executes with a vision for the future, an entrepreneurial mindset and unwavering commitment to deliver exceptional service and expertise. For more information, please visit us at www.PacificUnion.com.
Read this press release on Los Angeles Business Journal
Download a PDF of this Press Release from the Los Angeles Business Times
Read this press release on CNBC
Download a PDF of this Press Release from the CNBC
Read this press release on Market Watch
Download a PDF of this Press Release from Market Watch