SOURCE: Teles Properties

Teles Properties

June 13, 2016 11:00 ET

Teles Properties Invades San Diego Market With Launch of Carlsbad Office

Premier Luxury Real Estate Firm Strengthens Footprint in San Diego

SAN DIEGO, CA and BEVERLY HILLS, CA--(Marketwired - Jun 13, 2016) - Teles Properties -- the fastest growing luxury residential real estate firm in Southern California -- is pleased to announce the launch of its San Diego flagship office in Carlsbad, which supports the existing surrounding offices in Coronado and Mission Valley and expands the Teles footprint to create even larger cross-marketing and referral opportunities up and down the coast.

The "Teles Invades San Diego" kick-off began with an official Carlsbad launch party on June 1, which included a listing presentation workshop. Three days later on June 4, Teles teamed up with Kids Turn to support their event at the San Diego Padres baseball game where Teles president Sharran Srivatsaa had the honor of throwing out the first pitch.

"San Diego is the best kept secret in California real estate and we are excited and enthusiastic about moving forward with our strategic expansion plan," says Srivatsaa. "We are positioning Teles to be the dominant real estate advisor to the area, and believe we will help usher in an era where San Diego makes its mark on the world as a destination encapsulating the essence of California coastal lifestyle."

Officially open for business on June 1, the nearly-3,000-square-foot office in Carlsbad is conveniently located on Palomar Airport Road, right off of the I-5 and minutes from both the ocean and the airport. It already employs more than 20 agents -- with more to come.

"Teles is a real estate firm that leads with intelligence," says Teles president and founder Peter Hernandez. "We've done our research on the San Diego market and are familiar with its dynamics and the competitive landscape, so we see the value that Teles can add to this particular real estate marketplace. We already have agents, clients and listings in the area and as we continue to grow in the region those numbers have been increasing tremendously!"

Because demand for San Diego area properties is at an all-time high, Teles is positioned to dominate the local market. Between 2014 and 2015, median home prices rose twice as fast in San Diego (6%) than in Los Angeles and Orange County (3%). With a variety of micro markets to choose from, the city is teeming with qualified buyers -- from the high-end oceanfront buyer in La Jolla to the young urban-dweller in Little Italy to the laid-back family buyer in Carlsbad. With access to beaches, jobs, entertainment, schools and an unmistakable California coastal lifestyle, it's no wonder that San Diego is considered one of the most undervalued real estate markets in all of California.

ABOUT TELES PROPERTIES: Teles Properties is a luxury real estate firm in California, ranked and recognized for three consecutive years by the prestigious Inc. 500|5000 list of the fastest growing private companies in America. Leading with intelligence, the brand brings together the state's most elite and successful agents and provides them with an unparalleled technology platform to simplify and elevate every aspect of a real estate transaction. Headquartered in Beverly Hills with strategic offices located in California's most prestigious markets -- from Carmel to Coronado -- Teles is renowned for its profound local market experience as well as a comprehensive global division that links international investors to properties in the U.S. and around the globe. For more information, go to www.telesproperties.com.

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