First-quarter sales of small business in Los Angeles were up 4.4 percent year over year, according to numbers from BizBen released Tuesday.

The data shows there were 1,233 deals in Los Angeles County from January through March for a volume of approximately $370 million. These numbers include sales of businesses such as pizza parlors, gas stations, convenience stores, smoke and vape shops, and fast-food franchises. The typical deal size is in the mid-six figure range, according to BizBen founder and President Peter Siegel.

Siegel said the 2017 uptick was due to several factors. First, baby boomers feeling comfortable about their retirement savings and the stable stock market were pushing sell-side stock. Meanwhile, a strong real estate market provided home equity for some younger entrepreneurs to get small-business loans, which helped create buy-side demand.

“There’s a convergence of all the right factors for both buying and selling at once,” Siegel said.

Deals & Dealmakers reporter Henry Meier can be reached at [email protected]. Follow him on Twitter @henry_meier.