Surterre Properties® recently announced that industry veteran, Tom Iovenitti, will be joining the company as head of business development. Former president and chief operating officer of a leading residential brokerage in Orange County and Coachella Valley, Iovenitti will lead Surterre’s expansion into major luxury markets in Orange County, in addition to examining opportunities throughout California and select cities across the United States.
“First quarter 2011 showed remarkable growth for our company. Forecasting 2011, we are on pace to reach a staggering improvement over 2010, which amazingly enough showed improvement over 2009 by 36 percent,” said Gary Legrand, president and chief executive officer for Surterre Properties. “In Q1 2011, we recorded nearly $300 million in gross volume with an average closed sale price of $1,354,425. Third-party numbers show we led Orange County in Q1 2011 and have seen strong growth in our listing and sales volume over Q1 2010.”
Surterre Properties® welcomes Iovenitti as head of business development
Surterre Properties experiences major growth in Q1 2011, eyes expansion in major luxury markets.
Tom Iovenitti
According to Legrand, the coastal market has seen a vast improvement in $1 million to $3 million closings, therefore allowing markets in excess of $4 million to improve. In March 2011, Surterre Properties Newport Beach office recorded 50 percent of the real estate transactions closed over $4 million.
“We feel bullish on luxury real estate based upon trends we’re seeing in the overall market, as well as our own success. We are responding by opening a new Monarch Beach (Dana Point) office this year, as well as bringing Tom Iovenitti on board to lead business development in many other ventures,” said
Legrand. “Tom’s high passion and energy are a welcome addition to our company and his knowledge and former high level positions will allow us to leverage his creative skills in our luxury real estate firm. We are very happy to have Tom at Surterre Properties.”
Iovenitti said, “The staff and agents are second to none with a unique teamwork orientation and outstanding personalized service that exceeds client expectations. I am very happy to be associated with a culturally focused professional firm like Surterre Properties, which provides its agents best-in-market support through award-winning design and advertising and the most advanced technology in the industry.”
Surterre Properties is a luxury real estate firm with offices in Newport Beach, Corona del Mar, Laguna Beach, Covenant Hills and soon to open Monarch Beach. A unique company-wide focus on perfecting the art of outstanding personalized service, an award-winning in-house design and advertising studio, the latest advances in industry technology and a commitment to conducting business in an eco-friendly, community-conscious fashion are only a handful of characteristics that place Surterre in a class above its competitors.
For more information about Surterre Properties, visit www.surterreproperties.com.
