February 2, 2014
Los Angeles February 3, 2014 Nourmand & Associates Realtors had their best year to date in 2013. Starting with one office in 1976, Nourmand & Associates has become a well-known name in real estate with three offices strategically located in Beverly Hills, Brentwood and Hollywood. The company is now run by the Founder's son, Michael Nourmand, who is the second generation to take the reins. Last Year, Nourmand & Associates sold nearly 80% of their homes listed on the market from $300,000 to $5,000,000. The average time to get an accepted offer was just over one month (between 30-45 days) and their listings sold for 99.8% of their asking price. Nourmand & Associates also had the highest sale in Hancock Park in 2013.
Where Nourmand & Associates really surpasses the competition is in off market sales. In 2013, Nourmand & Associates sold close to $110,000,000 off the market with 38 transactions (sides) and an average sale price of nearly $3,000,000. "Our large network of agents and our extensive database allows us to provide this unique service to our clients, many of which do not want the general public to know their property is for sale," says Michael Nourmand, President of Nourmand & Associates Realtors. Libby Shapiro, Branch Manager of Nourmand & Associates - Beverly Hills since 2005, stated that "We continue our organic growth and it's become the norm that we do more business than the previous year."