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The Agency Research & Planning Group
The Agency Research & Planning Group was formed to provide insight and interpretation on real estate market fundamentals, dynamics and trends. In addition, the Group is a key asset for developers and those looking to invest, reposition or build new residential or mixed-use properties.
The Group offers comprehensive analysis of the Los Angeles luxury real estate market, as well as trends in development of luxury properties worldwide. With a history of working on projects of all scales, and utilizing the latest tools in urban psychographic planning, The Agency Research & Planning Group brings a profound and distinctive perspective to real estate development never before available on the West Coast.
The Agency Report
The Agency Report is a quarterly analysis of the luxury single-family, condominium and rental markets.
Winter has come and gone in Los Angeles and real estate values in the city’s prime markets continued their trajectory of growth despite the typically slower selling season in Q1. With Angelenos returning from the holidays, preparing for awards season, and the new year upon us all, sales volumes typically see anywhere from a 20%-25% QoQ decline in the first quarter.
That trend held true in the market for single-family residences, although lesser volume in that category certainly did not imply lower values. SFRs recorded an average PPSF of $866/SF, flat to the average last year of $875/SF.