California-based Peg King and Jeremy King, who did $45 million in quantity final yr, are becoming a member of LivXplore Actual Property & Way of life.
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Amid a particularly busy week for high-profile recruiting in Northern California, boutique company LivXplore Actual Property & Way of life introduced that it simply picked up a outstanding mother-son agent duo from Coldwell Banker.
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Peg King and Jeremy King are primarily based in Petaluma, a metropolis in Sonoma County on the north finish of the Bay Space. In keeping with an announcement, the duo have been high brokers in Petaluma since 1996 and final yr did $45 million in gross sales quantity.
The assertion provides that “in the middle of the shifting tides of the industry, top agents like Peg and Jeremy are making moves to align themselves with other top agents and independent brokerages.”
LivXplore Actual Property & Way of life is a boutique company that’s powered by Facet. Sean Payne and Nieves Di Martini based the company in 2022 after leaving Compass. In keeping with the assertion, the boutique “notched $44.9 million in volume in 2023.”
The Kings’ transfer to LivXplore comes amid intense competitors for high agent expertise — competitors that has intensified due to a slower market. With fewer transactions to go round, formidable manufacturers have shifted higher consideration towards high brokers with a confirmed monitor report of closing offers in leaner instances.
That development has been on full show over the past a number of days in Sonoma County, which is the guts of California’s wine nation. Along with the Kings’ transfer to LivXplore, Coldwell Banker picked up a high agent final week and a high-performing crew this week in the identical area.