LA luxury market is strong and brokerages are expanding

Several firms in expansion mode plan to close more than $1 billion in transactions this year
  • Gibson International considers itself the market's first "invitation-only" brokerage.
  • Gibson and John Aaroe Group are some of the market's biggest luxury players.
  • Pacific Palisades entered this year as a standout luxury submarket.

The strength of Los Angeles’ luxury home market combined with an anticipated wave of new condo product in downtown has influenced some of the city’s most prominent luxury brokerages to expand this year. With plans to close $1 billion in luxury sales, transactions valued at more than $3 million, Gibson International looks to introduce at least one new office and continue to grow its network of brokers.