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
BRANDON SMITH
SEWIT ESHETU
ROBERT MORTON
NATHAN STADLER
EDWARD HUTCHINSON
JORDAN KRAMER
NATALIE GUREVITCH
KATY YAMBAO
COURTNEY WELSH
PARISA SCHNIDER
KRISTA MASELLA
GARRETT SANDERS
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,
F. Ron Smith David Berg
SMITH & BERG PROPERTY GROUP, COMPASS
310.500.3931 | TEAM@SMITHANDBERG.COM 11740 SAN VICENTE BLVD, SUITE 203, LOS ANGELES, CA 90049 9454 WILSHIRE BLVD, SUITE 100, BEVERLY HILLS, CA 90212 CA DRE# 01991628, 01481236
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Stats on Stack Q2 2025
A look at SBP’s success for Q2 2025.
08
Featured Neighborhoods
Brentwood
Pacific Palisades
Santa Monica
Venice
Mar Vista
Westwood
Beverly Hills
Cheviot Hills
Encino
Sherman Oaks
TABLE OF CONTENTS
32
SBP’s WSJ & RealTrends
Verified Ranking #1 in Los Angeles, #2 in California, #4 in the nation. What it all means.
40 Tacos & Tequila
Highlights from real estate’s top digital magazine.
44
Honors & Highlights
Gold stars all around.
2025 Q2 Stats on Stack
$354,058,975
$181,703,889
$3,906,875
*Land Sales Only
$2.13M
$2.62M
$9.32M
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
BEST GRUB Ospi
BEST BAR Bar Toscana
SECOND QUARTER 2025 BRENTWOOD MARKET
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.
- JUN 2025
Napoli Drive, Pacific Palisades
$15,814,139 | 7BD | 10BA | 10,603 SF
Napoli Drive, Pacific Palisades
$10,225,000 | 5 BD | 5 BA | 5,011 SF
PACIFIC PALISADES
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 resilience. 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
Highland Postal Center
Palisades Gas & Wash
Wells Fargo SERVICES
DINING
Palisades Garden Café
Spruzzo Restaurant & Bar
Moku Sushi
RETAIL/MEDICAL
Vons
Anawalt’s Palisades Hardware
Dr. Gary Polan
80%
THE UPDATE AS OF EARLY JULY 2025
of properties destroyed in the fire have been cleared of debris
200+ homesites are actively listed for sale
~400
Palisades homeowners have submitted applications to rebuild
FEATURED HOMESITES
25% of the building applications the city has received have been approved
102 homesites have sold
$1,800,000
is the median sale price for the homesites that have sold
*Information compiled from The MLS and The LA Times FOR SALE
430 Via De La Paz, Pacific Palisades
$2,798,000 | HOMESITE | 8,014 SF LOT
SOLD
15219 Mc Kendree Avenue, Pacific Palisades
$4,349,000 | HOMESITE | 9,125 SF LOT
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
BEST GRUB Crudo e Nudo
BEST BAR Ester’s
SECOND QUARTER 2025 SANTA MONICA MARKET
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
BEST GRUB Si! Mon
BEST BAR Old Lightning
Carroll Canal, Venice $5,850,000
BD | 5 BA | 3,816 SF VIEW MORE HOMES
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 GRUB
Beethoven Market
BEST BAR Accomplice
BEST CUP OF JOE
Saba
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
BEST GRUB Violet
BEST BAR Broxton
10655 Rochester Avenue, Westwood $5,149,500 5 BD | 6 BA | 4,812 SF
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
BEST GRUB
La Dolce Vita
BEST BAR South Beverly Grill
SECOND QUARTER 2025 BEVERLY HILLS MARKET
405 Evelyn Place, Beverly Hills
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
BEST GRUB
John O’Groats
BEST BAR
The Stalking Horse
SECOND QUARTER 2025 CHEVIOT HILLS MARKET
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
BEST GRUB
Shin Sushi
BEST BAR
The Surly Goat
SECOND QUARTER 2025 ENCINO
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
BEST GRUB
Anajak Thai
BEST BAR
Daisy Margarita Bar
SECOND QUARTER 2025 SHERMAN OAKS
$2,133,277
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.
In the Medium Teams by Volume category, SBP ranked:
#1 IN LOS ANGELES
#2 IN CALIFORNIA
#4 IN THE UNITED STATES
for the third consecutive year our highest statewide ranking ever 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.
“WSJ’s RealTrends Verified list is the gold standard for recognizing the top-performing real estate professionals in the country.”
— DAVID BERG
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.
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.
“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
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
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Press play & sip.
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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
Wall Stress Journal RealTrends Verified Best Real Estate Teams in the Nation
LA Digs Peek Inside Mediterranean Villa Speranza, For Sale in Brentwood
Robb Report This $40 Million L.A. Mansion Has a Funicular and a Hillside Glamping Spot
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