Brandon Smith Q2 2025

QUARTERLY REAL ESTATE MARKET REPORT

Q2 2025 STATS ON STACK Q2 A look at SBP’s success for Q2 2025 #1 IN LOS ANGELES SBP’s Wall Street Journal & RealTrends Verified rankings are in TACOS & TEQUILA Highlights from real estate’s top digital magazine HONORS & HIGHLIGHTS Gold stars all around

ROBERT MORTON

SEWIT ESHETU

PARISA SCHNIDER

COURTNEY WELSH

NATHAN STADLER

BRANDON SMITH

EDWARD HUTCHINSON

JORDAN KRAMER

KRISTA MASELLA

KATY YAMBAO

GARRETT SANDERS

NATALIE GUREVITCH

JUNE 2025

It’s already mid-year, and it seems like the months are flying by so swiftly. With the signal of Summer comes a sun filled moment or two to center ourselves and along with it, oh so much opportunity.

Although LA continues to be tested, our great, resilient City of Angels will come out stronger. There is a clear sense of hopefulness in the Westside real estate market, which was certainly evident in Q2.

Our team is extremely honored to celebrate our WSJ Real Trends Verified ranking of #1 Team in Los Angeles (for the 3rd consecutive year), #2 in California and #4 in the Nation, amongst ALL real estate agents in the business. As a team, SBP takes enormous pride in working with buyers and sellers, finding first homes, dream homes, and second homes, and advising numerous clients. In Q2 alone, SBP closed 40 transactions, with $181,703,889 in sales volume. Our multiple decades of experience informs our ability to successfully navigate the realities of the market and create successful outcomes for our clients.

Our newest report, representing the real estate market in Los Angeles during the second quarter of 2025, follows here.

As always, we are dedicated to bringing you the latest in all things real estate, via our celebrated weekly blog Tacos & Tequila (subscribe at tacosandtequila.com so you don’t miss a thing!) and to continually share our market updates to keep you well versed. We do so with accuracy, and often with a healthy dose of irreverent humor.

We invite you to dig right into SBP’s Market Update for Q2, with helpful real estate info and insights into what makes Los Angeles such an incredible place to live and work –– from dining, shopping and local events to some extraordinary experiences.

Smith & Berg Property Group’s steadfast commitment to providing excellent service to our community, with an enthusiastic team spirit, along with the utmost care, compassion, confidentiality and 50+ years of combined real estate expertise continues to distinguish us. Let us be your next real estate call. We look forward to connecting with you soon.

All the best,

Brandon Smith

S M I T H & B E R G P R O P E R T Y G R O U P, C O M P A S S 310.500.3931 | TEAM@SMITHANDBERG.COM 1 1 7 4 0 S A N V I C E N T E B LV D , S U I T E 2 0 3 , L O S A N G E L E S , C A 9 0 0 4 9 9 4 5 4 W I L S H I R E B LV D , S U I T E 1 0 0 , B E V E R LY H I L L S , C A 9 0 2 1 2 CA DRE# 01991628, 01481236

2025 QUARTERLY REPORT

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Stats on Stack Q2 2025 A look at SBP’s success for Q2 2025.

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Featured Neighborhoods Brentwood Pacific Palisades Santa Monica Venice Mar Vista Westwood Beverly Hills Cheviot Hills Encino Sherman Oaks

TABLE OF CONTENTS

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SBP’s WSJ & RealTrends Verified Ranking #1 in Los Angeles, #2 in California, #4 in the nation. What it all means.

2025 QUARTERLY REPORT

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Tacos & Tequila Highlights from real estate’s top digital magazine.

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Honors & Highlights Gold stars all around.

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2025 Q2

Stats on Stack

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2025 QUARTERLY REPORT

$354,058,975 2 0 2 5 Y T D S A L E S VO L U M E

$181,703,889 Q 2 2 0 2 5 S A L E S VO L U M E

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100.5%

HOMES SOLD IN Q2 2025

AV E R AG E L I S T TO S O L D P R I C E R AT I O I N Q 2 2 0 2 5

$3,906,875 IN Q2

POP’S BAGELS DELIVERIES TO SBP

FAVORITE TEAM BAGEL ORDER

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Everything Bagel with Scallion Cream Cheese

2025 QUARTERLY REPORT

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S O

ENCINO

$2.76M 97

BRENTWOOD

$5.50M 83

PACIFIC PALISADES

$2.18M 74 *Land Sales Only

SANTA MONICA

Q2 2025

YOU’VE SEEN US IN THE NEIGHBORHOOD Q2 Average Sales Price

Q2 Total Number of Sales

$5.03M 79

VENICE

$2.88M 67

SHERMAN OAKS

$2.13M 121

BEVERLY HILLS

$9.32M 79 WESTWOOD

$2.62M 29 CHEVIOT HILLS

$3.79M 11

MAR VISTA

$2.39M 96 #WHEREDOYOUWANTTOLIVENEXT

BRENTWOOD Brentwood offers high-style boutiques and trendy restaurants that are balanced by secluded and often palatial houses in the foothills of the Santa Monica Mountains. Providing the ultimate refuge for residents while maintaining a distinct presence in greater Los Angeles culture, Brentwood is notable for The Getty, historic Brentwood Country Mart and hotspot-lined San Vicente Boulevard.

BEST CUP OF JOE Caffe Luxxe

10

BEST GRUB Ospi

BEST BAR Bar Toscana

2025 QUARTERLY REPORT

SECOND QUARTER 2025 BRENTWOOD MARKET AVERAGE SALES PRICE APR - JUN 2025

$5,550,333 JAN - MAR 2025

APR - JUN 2025

$2,042

$1,534

TOTAL NUMBER OF SALES

66

83

HIGHEST SALE AMOUNT

$30,906,000

$30,000,000

AVERAGE PRICE PER SQUARE FOOT

FEATURED HOME

FOR SALE

22 Oakmont Drive, Brentwood

$29,998,800 8 BD | 11 BA | 12,914 SF

VIEW HOME

2025 QUARTERLY REPORT

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PACIFIC PALISADES

THE RIVERA

There’s a powerful energy moving through the Palisades—one of hope and unwavering resilience.

Cleanup efforts are in full swing, local businesses are beginning to reopen, and property owners, families relocating to their dream locations, and builders are breaking ground on the next generation of Palisadian homes. Together, laying the foundation for the next chapter.

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2025 QUARTERLY REPORT

SECOND QUARTER 2025 THE RIVIERA MARKET AVERAGE SALES PRICE APR - JUN 2025

$10,321,500 JAN - MAR 2025

APR - JUN 2025

$1,195

$2,062

TOTAL NUMBER OF SALES

2

6

HIGHEST SALE AMOUNT

$5,900,000

$20,000,000

AVERAGE PRICE PER SQUARE FOOT

FEATURED HOMES SOLD

SOLD

755 Napoli Drive, Pacific Palisades

1180 Napoli Drive, Pacific Palisades

$15,814,139 | 7BD | 10BA | 10,603 SF

$10,225,000 | 5 BD | 5 BA | 5,011 SF

VIEW HOME

2025 QUARTERLY REPORT

VIEW HOME

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PACIFIC PALISADES

HOMESITES

There’s a powerful energy moving through the Palisades—one of determination and hope. In the face of adversity, this cherished community is pushing forward with unwavering r​ esilience. Cleanup efforts are in full swing, local businesses are beginning to reopen, and builders are breaking ground on the next generation of Palisadian homes.​Together, laying the foundation for the next chapter.

OPEN FOR BIZ

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SERVICES

DINING

RETAIL/MEDICAL

Highland Postal Center

Palisades Garden Café

Vons

Palisades Gas & Wash

Spruzzo Restaurant & Bar

Anawalt’s Palisades Hardware

Wells Fargo

Moku Sushi

Dr. Gary Polan

2025 QUARTERLY REPORT

THE UPDATE AS OF EARLY JULY 2025

80%

25%

of properties destroyed in the fire have been cleared of debris

of the building applications the city has received have been approved

200+

102

homesites are actively listed for sale

homesites have sold

~400

$1,800,000

Palisades homeowners have submitted applications to rebuild

is the median sale price for the homesites that have sold *Information compiled from The MLS and The LA Times

FEATURED HOMESITES FOR SALE

SOLD

430 Via De La Paz, Pacific Palisades

15219 Mc Kendree Avenue, Pacific Palisades

$2,798,000 | HOMESITE | 8,014 SF LOT

$4,349,000 | HOMESITE | 9,125 SF LOT

VIEW HOMESITE

2025 QUARTERLY REPORT

VIEW HOMESITE

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SANTA MONICA Brimming with beautiful homes, bustling beaches, upscale shopping and plenty of fine dining, Santa Monica is among the most iconic shoreside cities in Los Angeles. From the landmark Santa Monica Pier to the Third Street Promenade, the coastal metropolis offers every modern necessity just moments from its quaint tree-lined residential streets.

BEST CUP OF JOE Dogtown

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BEST GRUB Crudo e Nudo

BEST BAR Ester’s

2025 QUARTERLY REPORT

SECOND QUARTER 2025 SANTA MONICA MARKET AVERAGE SALES PRICE APR - JUN 2025

$5,031,899 JAN - MAR 2025

APR - JUN 2025

$1,656

$1,770

TOTAL NUMBER OF SALES

74

79

HIGHEST SALE AMOUNT

$14,550,000

$14,550,000

AVERAGE PRICE PER SQUARE FOOT

FEATURED HOME

SOLD

333 17th Street, Santa Monica

$9,818,000 5 BD | 7 BA | 5,000 SF

VIEW MORE HOMES

2025 QUARTERLY REPORT

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VENICE Known for its hip style and laid-back culture, Venice is among the city’s hottest neighborhoods. Homes here are predominantly modern while quaint walk streets are woven with chic beach bungalows.

Residents enjoy the neighborhood’s popular selection of restaurants and shops along Abbot Kinney, Rose, and Pacific where hotspots like Gjelina and Ospi add an elevated touch to the casual beach scene. With a bustling boardwalk, beautiful homes and a trendy feel, locals prize Venice as one of the Westside’s most vibrant communities to live and work.

BEST CUP OF JOE Boulevard

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BEST GRUB Si! Mon

BEST BAR Old Lightning

2025 QUARTERLY REPORT

SECOND QUARTER 2025 VENICE MARKET AVERAGE SALES PRICE APR - JUN 2025

$2,881,881 JAN - MAR 2025

APR - JUN 2025

$1,737

$1,560

TOTAL NUMBER OF SALES

59

67

HIGHEST SALE AMOUNT

$8,250,000

$9,500,000

AVERAGE PRICE PER SQUARE FOOT

SOLD

232 Carroll Canal, Venice

$5,850,000 5 BD | 5 BA | 3,816 SF

VIEW MORE HOMES

2025 QUARTERLY REPORT

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MAR VISTA Mar Vista charms with its blend of suburban tranquility and urban convenience on LA’s Westside. This family-friendly enclave boasts tree-lined streets of mid-century homes, while Venice Boulevard hums with local eateries and boutique stores. The weekend farmers market draws crowds with fresh produce and crafted goods, embodying the area’s community spirit. With top-notch schools, lush parks, and easy access to both beaches and downtown, Mar Vista provides an idyllic slice of Los Angeles living.

BEST CUP OF JOE Saba

20

BEST GRUB Beethoven Market

BEST BAR Accomplice

2025 QUARTERLY REPORT

SECOND QUARTER 2025 MAR VISTA MARKET AVERAGE SALES PRICE APR - JUN 2025

$2,397,172 JAN - MAR 2025

APR - JUN 2025

$1,498

$1,516

TOTAL NUMBER OF SALES

82

96

HIGHEST SALE AMOUNT

$5,850,000

$2,397,172

AVERAGE PRICE PER SQUARE FOOT

FEATURED HOME

SOLD

3200 Corinth Avenue, Mar Vista

$2,430,000 3 BD | 2 BA | 2,118 SF

VIEW MORE HOMES

2025 QUARTERLY REPORT

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WESTWOOD Westwood has upscale residential and commercial vibes, best known for being home to UCLA, The Hammer Museum, and the family-friendly Westwood Village. The neighborhood attracts a diverse crowd of residents, from out-of-towners to entertainment professionals and celebs. On a typical day, expect to see students studying at Espresso Profeta and locals eating at Fundamental LA or, more often than not, heading to red carpet events.

BEST CUP OF JOE Upside Down

22

BEST GRUB Violet

BEST BAR Broxton

2025 QUARTERLY REPORT

SECOND QUARTER 2025 WESTWOOD MARKET AVERAGE SALES PRICE APR - JUN 2025

$2,621,810 JAN - MAR 2025

APR - JUN 2025

$1,507

$1,215

TOTAL NUMBER OF SALES

37

29

HIGHEST SALE AMOUNT

$14,725,000

$7,995,000

AVERAGE PRICE PER SQUARE FOOT

FEATURED HOME

SOLD

10655 Rochester Avenue, Westwood

$5,149,500 5 BD | 6 BA | 4,812 SF

VIEW MORE HOMES

2025 QUARTERLY REPORT

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BEVERLY HILLS With a reputation as the “it” place for Hollywood celebrities and high-profile residents, Beverly Hills is one of the most sought after places for quiet luxury living. North Beverly Park boasts lush, sprawling estates like Trousdale and Gateway overlooking Greater L.A., while modern upscale eateries and designer boutiques can be found minutes away on Rodeo Drive. Locals, however, will find that the neighborhood’s real charm lies in its tranquil, easy-going community.

BEST CUP OF JOE Maru Espresso Bar

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BEST GRUB La Dolce Vita

BEST BAR South Beverly Grill

2025 QUARTERLY REPORT

SECOND QUARTER 2025 BEVERLY HILLS MARKET AVERAGE SALES PRICE APR - JUN 2025

$9,328,448 JAN - MAR 2025

APR - JUN 2025

$1,644

$1,729

TOTAL NUMBER OF SALES

75

79

HIGHEST SALE AMOUNT

$27,000,000

$63,100,000

AVERAGE PRICE PER SQUARE FOOT

FEATURED HOME

FOR SALE

405 Evelyn Place, Beverly Hills

$4,995,000 Auction | 5 BD | 7 BA | 3,730 SF

VIEW MORE HOMES

2025 QUARTERLY REPORT

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CHEVIOT HILLS Cheviot Hills combines timeless charm with a tranquil, residential vibe. Known for its pristine parks, classic architecture, and a tight-knit community, this neighborhood offers a peaceful retreat without sacrificing city access. It’s a favorite among families, golf enthusiasts, and those drawn to its understated elegance. On a typical day, you might spot neighbors chatting on leisurely walks, enjoying brunch at John O’Groats, or practicing their swing at Rancho Park Golf Course.

BEST CUP OF JOE The Little Marionette

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BEST GRUB John O’Groats

BEST BAR The Stalking Horse

2025 QUARTERLY REPORT

SECOND QUARTER 2025 CHEVIOT HILLS MARKET AVERAGE SALES PRICE APR - JUN 2025

$3,796,864 JAN - MAR 2025

APR - JUN 2025

$1,429

$1,445

TOTAL NUMBER OF SALES

14

11

HIGHEST SALE AMOUNT

$8,300,000

$8,500,000

AVERAGE PRICE PER SQUARE FOOT

FEATURED HOME

FOR SALE

3062 Dannyhill Drive, Cheviot Hills

Price Available Upon Reqest 6 BD | 8 BA | 6,846 SF

VIEW MORE HOMES

2025 QUARTERLY REPORT

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ENCINO Located in the southern San Fernando Valley, Encino offers an upscale suburban lifestyle with a touch of luxury. The neighborhood is known for its spacious Mediterranean-style estates, leafy streets, and strong public schools. Residents enjoy shopping and dining along Encino Commons, easy access to Ventura Boulevard, and plenty of outdoor space at the nearby Sepulveda Basin Recreation Area — all in a safe, convenient setting.

BEST CUP OF JOE Claudine

28

BEST GRUB Shin Sushi

BEST BAR The Surly Goat

2025 QUARTERLY REPORT

SECOND QUARTER 2025 ENCINO AVERAGE SALES PRICE APR - JUN 2025

$2,763,041 JAN - MAR 2025

APR - JUN 2025

$985

$932

TOTAL NUMBER OF SALES

81

97

HIGHEST SALE AMOUNT

$7,943,000

$15,250,000

AVERAGE PRICE PER SQUARE FOOT

FEATURED HOME

SOLD

4830 Louise Avenue, Encino

$11,850,000 5 BD | 7 BA | 10,296 SF

VIEW MORE HOMES

2025 QUARTERLY REPORT

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SHERMAN OAKS Nestled in the eastern San Fernando Valley, Sherman Oaks offers a peaceful, residential vibe with all the perks of city living. Its tree-lined streets are dotted with Spanish-style and ranch homes, many with pools and palm-filled yards, while top-rated schools like Notre Dame High and the nearby Ventura Boulevard corridor add to the appeal. With easy access to Hollywood, DTLA, and local favorites like the Sherman Oaks Galleria, it’s the perfect blend of calm and convenience.

BEST CUP OF JOE M Street Coffee

30

BEST GRUB Anajak Thai

BEST BAR Daisy Margarita Bar

2025 QUARTERLY REPORT

SECOND QUARTER 2025 SHERMAN OAKS AVERAGE SALES PRICE APR - JUN 2025

$2,133,277 JAN - MAR 2025

APR - JUN 2025

AVERAGE PRICE PER SQUARE FOOT

$1,013

$1,045

TOTAL NUMBER OF SALES

106

121

HIGHEST SALE AMOUNT

$5,500,000

$6,470,000

FEATURED HOME

FOR SALE

3530 Coy Drive, Sherman Oaks

$1,798,000 3 BD | 3 BA | 2,507 SF

VIEW MORE HOMES

2025 QUARTERLY REPORT

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We’re Ranked Among the Best in the Nation A deep dive into what it really means to be ranked by RealTrends, featured in The Wall Street Journal #1 in Los Angeles. # 2 in California. #4 in the Nation. 2025 RealTrends-Verified | WSJ. How’d SBP do it? It’s all about the team. Read on!

Each year, The Wall Street Journal and RealTrends release their annual Verified rankings — the most trusted, data-backed assessment of the top-performing real estate professionals in the U.S. And once again, out of tens of thousands of real estate pros, Smith & Berg Property Group is honored to be ranked amongst the best of the best.

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2025 QUARTERLY REPORT

2025 QUARTERLY REPORT

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2025 QUARTERLY REPORT

In the Medium Teams by Volume category, SBP ranked: #1 IN LOS ANGELES for the third consecutive year

#2 IN CALIFORNIA our highest statewide ranking ever

#4 IN THE UNITED STATES our highest national ranking to date

We also landed the #4 spot statewide for number of homes sold, with 149 transactions totaling more than $427 million in closed volume for 2024.

But what do these rankings really mean, especially for those outside the industry? Let’s break it down.

2025 QUARTERLY REPORT

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“WSJ’s RealTrends Verified list is the gold standard for recognizing the top-performing real estate professionals in the country.”

— DAVID BERG

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2025 QUARTERLY REPORT

This isn’t pay-to-play. It’s a data-driven, independently verified honor based entirely on actual sales performance. That means only the best of the best, by the numbers, make the cut.

Unlike individual agent lists, this ranking celebrates the power of the team. At Smith & Berg Property Group, that’s our edge. With a diverse, seasoned group of agents, strategists, and support staff, our client-focused team works together on every listing, every sale, and every detail. This collaborative model allows us to scale our service and consistently deliver exceptional results.

2025 QUARTERLY REPORT

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We’re proud to share that Q2 was one of the strongest quarters in our team’s history. While the numbers speak volumes, it’s the people behind them who matter most. We’re honored by this recognition and grateful to our clients, colleagues, and friends who make our work possible. Every day, our team shows up with passion, precision, and purpose — and we couldn’t do it without you.

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2025 QUARTERLY REPORT

“Our latest rankings are a testament to both our team’s deep market expertise and the trust our clients place in us every day.”

— F. RON SMITH

2025 QUARTERLY REPORT

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Tacos & Tequila When the Smith & Berg Property Group team combines tacos and tequila (collectively our two favorite things) there’s an outpour of ideas both prolific and nonsensical. This is where the blog comes in. Here, you can read up on what’s catching our interest as of late—whether that be epic new developments in L.A. or the best sushi spots in town—and hop on the cultfavorite Tacos & Tequila train.

To read full stories visit: tacosandtequila.com 40

2025 QUARTERLY REPORT

APRIL SBP GUIDE: YOUR ESSENTIAL SPRING CHECKLIST FOR HOME MAINTENANCE & VALUE 04.04.25 Spring here we come.

To read the full story, visit here.

WORK HARD, SIP WELL: SBP x THATCHER’S BRENTWOOD 04.11.25 Wine not?

To read the full story, visit here.

SBP’S Q1 2025 MARKET REPORT: SPRING MOMENTUM ON THE WESTSIDE 04.18.25 Q1 in the books.

To read the full story, visit here.

THE FUTURE OF PACIFIC PALISADES BEGINS WITH LAND 04.25.25 A powerful new chapter.

To read the full story, visit here.

2025 QUARTERLY REPORT

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MAY CINCO DE MAYO IN LA: WHERE TO CELEBRATE WITH TACOS & TEQUILA 05.02.25 Let’s taco ‘bout it.

To read the full story, visit here.

LESSONS FROM MOM: WORDS TO LIVE BY 05.09.25 HMD! To read the full story, visit here.

SBP GUIDE: 5 EASY BUT MEMORABLE GETAWAYS FOR MEMORIAL DAY WEEKEND 05.16.25 Hit the road.

To read the full story, visit here.

NEIGHBORHOOD SPOTLIGHT: SHERMAN OAKS 05.23.25 Into the Valley we go.

To read the full story, visit here.

PET-FRIENDLY PLACES EVERY WESTSIDER NEEDS TO KNOW 05.30.25 Woof!

To read the full story, visit here.

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2025 QUARTERLY REPORT

JUNE WATCH: THE PERFECT PAIRING — CASA DRAGONES x WALLY’S 06.06.25 Press play & sip.

To read the full story, visit here.

FROM DAD: WISDOM THAT GUIDES US 06.13.25 Happy Father’s Day. To read the full story, visit here.

WHERE TO TAKE YOUR FOODIE FRIEND WHO’S ‘TRIED EVERYTHING’ 06.19.25 Let’s dig in.

To read the full story, visit here.

SBP GUIDE: HOW TO HOST THE ULTIMATE JULY 4TH BASH AT HOME 06.27.25 Happy 4th!

To read the full story, visit here.

2025 QUARTERLY REPORT

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2025 Honors & Highlights Wall Street Journal #1 Team in Los Angeles / #4 in the Nation 2025 Variety Magazine Showbiz Real Estate Elite 2024, 2023 Los Angeles Business Journal The List: Top 100 Residential Real Estate Agents 2025, 2024, 2023...

Los Angeles Magazine’s Real Estate All-Star Team 2025, 2024, 2023...

Hollywood Reporter Top Real Estate Agents 2024, 2023, 2022 Los Angeles Business Journal Leaders of Influence: F. Ron Smith & David Berg 2024, 2023, 2022 The Real Deal’s Top 20 Residential Brokers 2024, 2023, 2022 Compass Top 1% of Compass

ICYMI

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Wall Stress Journal RealTrends Verified Best Real Estate Teams in the Nation

READ MORE >

LA Digs Peek Inside Mediterranean Villa Speranza, For Sale in Brentwood

READ MORE >

Robb Report This $40 Million L.A. Mansion Has a Funicular and a Hillside Glamping Spot

READ MORE >

Homes.com His prized project burned down in Los Angeles, so this designer used his next home to heal

READ MORE >

2025 QUARTERLY REPORT

Meet Our Team

F. RON SMITH

DAVID BERG

ROBERT MORTON

SEWIT ESHETU

NATHAN STADLER

BRANDON SMITH

EDWARD HUTCHINSON

JORDAN KRAMER

PARISA SCHNIDER

COURTNEY WELSH

KRISTA MASELLA

KATY YAMBAO

GARRETT SANDERS

NATALIE GUREVITCH

Phone

Social

310.500.3931

@smithandberg

Website

Email

smithandberg.com

team@smithandberg.com

2025 QUARTERLY REPORT

A leading Westside team at

45

DISCOVER MORE: SMITHANDBERG.COM

S M I T H & B E R G P R O P E R T Y G R O U P, C O M PA S S 310.500.3931 | TEAM@SMITHANDBERG.COM 1 1 7 4 0 S A N V I C E N T E B LV D , S U I T E 2 0 3 , L O S A N G E L E S , C A 9 0 0 4 9 9 4 5 4 W I L S H I R E B LV D , S U I T E 1 0 0 , B E V E R LY H I L L S , C A 9 0 2 1 2 CA DRE# 01991628, 01481236

A leading Westside team at