SAN FRANCISCO, April 5, 2016 /PRNewswire/ -- Closely watched national rankings in residential real estate brokerages were announced last week, scoring San Francisco-based Pacific Union ninth place in the U.S. for sales volume for the second year in a row. In addition, Pacific Union professionals earned the number one position for sales volume per person in the top 10 U.S. firms.
Despite a Bay Area residential real estate market experiencing extremely low inventory, Pacific Union's $8.2 billion in 2015 sales volume jumped 22 percent from $6.75 billion in 2014. This is the sixth consecutive year of 20-plus percent growth since the Pacific Union acquisition from GMAC Homes Services in 2009.
These rankings come from two leading residential real estate industry sources – REAL Trends and RISMedia, which annually rank performance in top national residential real estate brokerages.
A closer look at the results from RISMedia captures the leading performance of Pacific Union's elite team of 702 real estate professionals, with sales volume per professional of $11.7 million, clearly passing all other top 10 ranking firms in Northern California and the U.S.
"To maintain our ranking of No. 9 in the U.S. by volume after delivering results up 22 percent year-over-year is illustrative of the intense competition in our industry," Pacific Union CEO Mark A. McLaughlin says. "These accomplishments in a declining units-sold market is truly extraordinary. Our people deserve the credit for our performance in 2015. We thank our clients every day for the confidence they have in Pacific Union."
Pacific Union is growing twice as fast as the other Northern California brokerage ranked in REAL Trends' top 10, and over the past two years, it has also grown at 1.5 to 2 times the overall market growth, even as units sold have declined.
Pacific Union retains its position as the second-largest independent real estate firm in Northern California by sales volume and the third-largest independent brokerage on the West Coast.
About Pacific Union
Pacific Union is the San Francisco Bay Area's premier luxury real estate brand operating in eight regions. The brokerage offers a full range of personal and commercial real estate services, including buying, selling, and relocation, and enjoys a relationship with Christie's International Real Estate as an exclusive affiliate in in the San Francisco, Marin, Sonoma, Napa, Alameda and Contra Costa counties in the State of California. Locally owned, Pacific Union operates with an entrepreneurial mindset and unwavering commitment to deliver exceptional service and expertise. For more information, please visit us at www.pacificunion.com.
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SOURCE Pacific Union