BEVERLY HILLS, Calif., Nov. 7, 2014 /PRNewswire/ -- John Aaroe Group, a leading luxury residential brokerage firm, announced that its sales of multi-million dollar homes in the Greater Los Angeles Metro Area surged strongly ahead during the third quarter ended October 31 compared with the same period in 2013. Sales of homes priced from $1 - $5 million were up 19 percent. Sales of homes priced from $5 - $10 million increased by 76 percent. Sales of homes priced at $10 million and above jumped 107 percent.
"These are stunning increases, especially in the ultra high-end price ranges," said John Aaroe, CEO, John Aaroe Group. "This growth indicates how strong the top layer of LA market demand is, driven by entertainment and technology industry growth and an escalating influx of wealthy international buyers as well as the Aaroe Group reputation for first class attention and service to our buyers and sellers."
Aaroe also reported that the firm added 20 top producing sales associates during the month of October. "Many of these are well known icons in our business," he noted, citing Bobby Syed, who represented both buyer and seller of the highest price off-market transaction in Beverly Hills last year. He also reported that a five-member team led by Monte Hartman and Bradley F. Cole, who left the firm six months ago, returned to the Aaroe Brentwood office.
"We welcome the return of this prodigal group," said Aaroe with a smile. "They quickly recognized that the fierce commitment and enormous support we give our agents and the high standards and values that uphold our culture are not replicated in other brokerage firms. We simply shoot for the moon with every transaction," concluded Aaroe.
Based on the firm's reputation and performance, John Aaroe Group was recently tapped by Real Trends to join the Trendsetters group, a national cadre of leading brokerage firms, to represent the Los Angeles area.
About John Aaroe Group
John Aaroe Group is a leading real estate brokerage specializing in high-end properties in the greater Los Angeles area. The company represents some of the region's most prestigious properties, and offers in-depth knowledge through its offices in Beverly Hills, Brentwood, the Sunset Strip, Sherman Oaks, Toluca Lake and Pasadena. Founded by John Aaroe in 2009, the company is known for its agents' dedication to impeccable service, as well as for Mr. Aaroe's exceptional leadership stemming from three decades of experience representing buyers and sellers of select residences. A portion of the commission earned on every John Aaroe Group transaction goes to the John Aaroe Group Community Foundation to benefit the local areas which it serves. For more information, visit www.aaroe.com
SOURCE John Aaroe Group