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Micro Market Report Los Angeles & Miami Issue #22 1/15/17 for 12/15/16 statistics

1


Table of Contents WEA Message

3

zip Code 90210 - Beverly Hills

4

zip Code 90211 - beverly hills

5

zip Code 90069 - Sunset strip

6

zip Code 90077 - Bel Air

7

zip Code 90046 - West Hollywood

8

zip Code 90265 - malibu

9

zip Code 90272 - Pacific palisades

10

zip Code 90024 - westwood

11

zip Code 90049 - brentwood

12

zip Code 90025 - west LA

13

zip Code 90402 - santa monica

14

Zip COde 90005 - Hancock Park

15

Zip Code 90027 - Los Feliz

16

Zip Code 90064 - Cheviot Hills

17

zip Code 90291 - Venice

18

Zip Code 90292 - Marina del Rey

19

Zip code 90293 - Playa Del Rey

20

Miami Market Overview

21

ALL ZIP CODES YEAR TO DATE SALES

22

About WEA

24

Data provided by First American Title Co. of Los Angeles County records and by SEF MLS of Miami-Dade County records for sales exceeding $1 million.

2


Compare Los Angeles Real Estate Brokerages

A Message From WEA see it, feel it Just about every real estate company, and particularly the new entrants into our market, say they are redefining or doing real estate a different way. But, what exactly do they mean and how do they intend to do it differently? Given that we don’t sell homes in the price range of the national average but rather many multiples of the national average, I don’t foresee our clients buying homes simply by looking at photos or drone images. While good photos definitely help show off a property, it’s not a new technique. Do big parties at houses for sale actually help sell them? In LA, it’s easy to get people to attend an event if you offer free food or drink. However, buyers of luxury homes are not looking at homes because they get a free glass of champagne. I suggest that our business remain one of client relationships, whether we are representing a buyer or seller. The quality agent dedicates his/her time and experience to shepherding their client through the home buying or selling process from start to finish. This means that we must match the requirements of the buyer to the available housing inventory, which may happen quickly or take a significant amount of time. The one fact is that each of these clients must ultimately see the house personally to make a final decision. They must see it and feel it. Unlike Million Dollar Listing, the work really begins after the agreement on price and terms. There are inspections, appraisals, title, and loans that must be approved before contingencies are released, at which point the parties can move towards a closing. It doesn’t seem that a computer algorithm or anything else other than a hands on relationship with a broker could accomplish this. At WEA, we have been closing deals successfully for over 17 years and our success speaks for us, not our dialogue. Once again, our average sale in 2016 exceeded $9,000,000 per deal, which can’t be claimed by any other company. Stephen Shapiro Co-Founder, Westside Estate Agency

3


90210 Avg. Price Per Transaction

DECEMBER 2016

Price in millions

15

Number of Sales

HHHHHHHHHHHH HHHHHH

12 9

Avg. Price per transaction

6

$

3 0

DEC

2007

2010

2014

2015

2016

8,199,056

DECEMBER 2007 Number of Sales

number of sales

HHHH Avg. Price per transaction $

3,423,750

DECEMBER 2016 vs 2007 DEC

2007

2010

2014

2015

2016

+350% Sales

+139% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

18

-38%

$8,199,056

57%

DEC 2015

29

61%

$5,233,914

-60%

DEC 2014

18

0%

$13,021,667

127%

DEC 2010

18

350%

$5,726,768

67%

DEC 2007

4

baseline

$3,423,750

baseline

YTD 2016

251

5%

$6,007,608

-6%

Date

© Westside Estate Agency

4


90211 Avg. Price Per Transaction

DECEMBER 2016

Price in millions

2.5

Number of Sales

HHH

2.0 1.5

Avg. Price per transaction

1.0

$

0.5 0.0

DEC

2,400,000

DECEMBER 2007 2007

2010

2014

2015

2016

Number of sales

number of sales

H Avg. Price per transaction $

2,039,000

DECEMBER 2016 vs 2007 DEC 2007

2010

2014

2015

2016

+200% Sales

+18% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

3

0%

$2,400,000

17%

DEC 2015

3

200%

$2,044,000

41%

DEC 2014

1

-50%

$1,450,000

-24%

DEC 2010

2

100%

$1,920,000

-6%

DEC 2007

1

baseline

$2,039,000

baseline

YTD 2016

26

-19%

$2,110,615

3%

Date

© Westside Estate Agency

5


90069 Avg. Price Per Transaction

DECEMBER 2016

Price in millions

5

Number of Sales

HHHHHHHHHHHH HHH

4 3

Avg. Price per transaction

2

$

1 0

DEC

2007

2010

2014

2015

2016

2,718,267

DECEMBER 2007 Number of Sales

number of sales

Avg. Price per transaction

Not Avail. DECEMBER 2016 vs 2007 DEC

2007

2010

2014

2015

2016

+/-0% Sales

+/-0% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

15

-17%

$2,718,267

-27%

DEC 2015

18

50%

$3,712,944

-14%

DEC 2014

12

100%

$4,338,333

132%

DEC 2010

6

N/A

$1,868,667

N/A

DEC 2007

0

baseline

0

baseline

YTD 2016

141

9%

$3,641,767

-1%

Date

© Westside Estate Agency

6


90077 Avg. Price Per Transaction

DECEMBER 2016

Price in millions

12

Number of Sales

HHHHHHHHHH

10 8 6

Avg. Price per transaction

4

$

2 0

DEC

2007

2010

2014

2015

2016

10,763,100

DECEMBER 2007 Number of Sales

number of sales

HHH Avg. Price per transaction $

10,725,333

DECEMBER 2016 vs 2007 DEC

2007

2010

2014

2015

2016

+233% Sales

+0% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

10

11%

$10,763,100

59%

DEC 2015

9

-40%

$6,783,667

19%

DEC 2014

15

200%

$5,720,267

147%

DEC 2010

5

67%

$2,314,500

-78%

DEC 2007

3

baseline

$10,725,333

baseline

YTD 2016

108

13%

$5,276,894

-15%

Date

© Westside Estate Agency

7


90046 Avg. Price Per Transaction

DECEMBER 2016

Price in millions

2.0

Number of Sales

HHHHHHHHHHHH HHHHHHHHHHHH HHHH

1.5

1.0

Avg. Price per transaction $

0.5

0.0

DEC 2007

2010

2014

2015

2016

1,672,057

DECEMBER 2007 Number of Sales

number of sales

HHHHHH Avg. Price per transaction $

1,119,000

DECEMBER 2016 vs 2007 DEC 2007

2010

2014

2015

2016

+367% Sales

+49% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

28

-10%

$1,672,057

-1%

DEC 2015

31

94%

$1,694,279

-1%

DEC 2014

16

45%

$1,709,750

67%

DEC 2010

11

83%

$1,024,182

-8%

DEC 2007

6

baseline

$1,119,000

baseline

YTD 2016

275

7%

$1,797,934

5%

Date

© Westside Estate Agency

8


90265 Avg. Price Per Transaction

DECEMBER 2016

Price in millions

5

Number of Sales

HHHHHHHHHHHH HHH

4 3

Avg. Price per transaction

2

$

1 0

DEC

2007

2010

2014

2015

2016

4,582,433

DECEMBER 2007 Number of Sales

number of sales

HHHHH Avg. Price per transaction $

4,679,000

DECEMBER 2016 vs 2007 DEC

2007

2010

2014

2015

2016

+200% Sales

-2% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

15

-40%

$4,582,433

26%

DEC 2015

25

25%

$3,648,000

24%

DEC 2014

20

300%

$2,949,325

55%

DEC 2010

5

0%

$1,903,300

-59%

DEC 2007

5

baseline

$4,679,000

baseline

YTD 2016

212

26%

$4,323,627

6%

Date

© Westside Estate Agency

9


90272 Avg. Price Per Transaction

DECEMBER 2016

Price in millions

6

Number of Sales

HHHHHHHHHHHH HHHHH

5 4 3

Avg. Price per transaction

2

$

1 0

DEC

2007

2010

2014

2015

2016

4,401,265

DECEMBER 2007 Number of Sales

number of sales

HHH Avg. Price per transaction $

5,400,000

DECEMBER 2016 vs 2007 DEC

2007

2010

2014

2015

2016

+467% Sales

-18% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

17

-32%

$4,401,265

17%

DEC 2015

25

127%

$3,753,520

68%

DEC 2014

11

-8%

$2,235,310

46%

DEC 2010

12

300%

$1,530,102

-72%

DEC 2007

3

baseline

$5,400,000

baseline

YTD 2016

263

17%

$3,595,428

5%

Date

© Westside Estate Agency

10


90024 Price in millions

Avg. Price Per Transaction

DECEMBER 2016

4.0

Number of Sales

3.5

HHHHHHHH

3.0 2.5 2.0

Avg. Price per transaction

1.5

$

1.0 0.5 0.0

DEC

2007

2010

2014

2015

2016

2,063,188

DECEMBER 2007 Number of Sales

number of sales

HH Avg. Price per transaction $

3,690,000

DECEMBER 2016 vs 2007 DEC

2007

2010

2014

2015

2016

+300% Sales

-44% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

8

33%

$2,063,188

-43%

DEC 2015

6

200%

$3,642,167

195%

DEC 2014

2

-60%

$1,236,500

-3%

DEC 2010

5

150%

$1,273,200

-65%

DEC 2007

2

baseline

$3,690,000

baseline

YTD 2016

92

64%

$4,955,187

63%

Date

© Westside Estate Agency

11


90049 Avg. Price Per Transaction

DECEMBER 2016

Price in millions

8

Number of Sales

7

HHHHHHHHHHHH HHHHHHHHHHHH HH

6 5 4 3

Avg. Price per transaction

2

$

1 0

DEC 2007

2010

2014

2015

2016

3,573,250

DECEMBER 2007 Number of Sales

number of sales

HHHHHH Avg. Price per transaction $

1,839,167

DECEMBER 2016 vs 2007 DEC

2007

2010

2014

2015

2016

+333% Sales

+94% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

26

63%

$3,573,250

-45%

DEC 2015

16

-20%

$6,526,719

56%

DEC 2014

20

233%

$4,185,700

120%

DEC 2010

6

0%

$1,906,167

4%

DEC 2007

6

baseline

$1,839,167

baseline

YTD 2016

271

26%

$3,594,404

-7%

Date

© Westside Estate Agency

12


90025 Avg. Price Per Transaction

DECEMBER 2016

Price in millions

2.0

Number of Sales

HHHHH

1.5

1.0

Avg. Price per transaction

0.0

DEC

1,571,800

$

0.5

2007

2010

2014

2015

2016

DECEMBER 2007 Number of Sales

number of sales

HHH Avg. Price per transaction $

821,000

DECEMBER 2016 vs 2007 DEC

2007

2010

2014

2015

2016

+67% Sales

+91% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

5

-38%

$1,571,800

19%

DEC 2015

8

167%

$1,323,438

7%

DEC 2014

3

-25%

$1,236,833

8%

DEC 2010

4

33%

$1,143,125

39%

DEC 2007

3

baseline

$821,000

baseline

YTD 2016

66

5%

$1,445,447

2%

Date

© Westside Estate Agency

13


90402 Avg. Price Per Transaction

DECEMBER 2016

Price in millions

5

Number of Sales

HHHHHHHHHHHH

4 3

Avg. Price per transaction

2

$ 1 0

DEC

2007

2010

2014

2015

2016

4,006,758

DECEMBER 2007 Number of Sales

number of sales

HHHHH Avg. Price per transaction $

4,219,300

DECEMBER 2016 vs 2007 DEC

2007

2010

2014

2015

2016

+140% Sales

-5% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

12

33%

$4,006,758

-12%

DEC 2015

9

29%

$4,575,778

57%

DEC 2014

7

17%

$2,917,857

15%

DEC 2010

6

20%

$2,542,083

-40%

DEC 2007

5

baseline

$4,219,300

baseline

YTD 2016

95

23%

$4,418,006

3%

Date

© Westside Estate Agency

14


90005 Avg. Price Per Transaction

DECEMBER 2016

Price in millions

2.0

Number of Sales

HH

1.5

1.0

Avg. Price per transaction $

0.5

0.0

DEC 2007

2010

2014

2015

2016

1,165,000

DECEMBER 2007 Number of sales

number of sales

Avg. Price per transaction

Not Avail. DECEMBER 2016 vs 2007 DEC

2007

2010

2014

2015

2016

+/-0% Sales

+/-0% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

2

-50%

$1,165,000

-40%

DEC 2015

4

300%

$1,928,750

54%

DEC 2014

1

0%

$1,250,000

9%

DEC 2010

1

N/A

$1,150,000

N/A

DEC 2007

0

baseline

0

baseline

YTD 2016

36

9%

$1,763,158

-15%

Date

© Westside Estate Agency

15


90027 Avg. Price Per Transaction

DECEMBER 2016

Price in millions

2.0

Number of Sales

HHHHHHHHHHHH HHHHHH

1.5

1.0

Avg. Price per transaction $

0.5

0.0

DEC

1,982,561

DECEMBER 2007 2007

2010

2014

2015

2016

Number of Sales

number of sales

HHH Avg. Price per transaction $

1,231,667

DECEMBER 2016 vs 2007 DEC

2007

2010

2014

2015

2016

+500% Sales

+61% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

18

80%

$1,982,561

2%

DEC 2015

10

0%

$1,951,750

54%

DEC 2014

10

43%

$1,264,800

17%

DEC 2010

7

133%

$1,080,143

-12%

DEC 2007

3

baseline

$1,231,667

baseline

YTD 2016

165

22%

$1,635,575

7%

Date

© Westside Estate Agency

16


90064 Avg. Price Per Transaction

DECEMBER 2016

Price in millions

2.0

Number of Sales

HHHHHHHHHHHH HHHHHHH

1.5

1.0

Avg. Price per transaction $

0.5

0.0

1,729,785

DECEMBER 2007

DEC

2007

2010

2014

2015

2016

Number of Sales

number of sales

HHHHHHH Avg. Price per transaction $

1,165,000

DECEMBER 2016 vs 2007 DEC

2007

2010

2014

2015

2016

+171% Sales

+48% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

19

12%

$1,729,785

34%

DEC 2015

17

21%

$1,290,824

0%

DEC 2014

14

56%

$1,291,571

5%

DEC 2010

9

29%

$1,227,278

5%

DEC 2007

7

baseline

$1,165,000

baseline

YTD 2016

220

38%

$1,750,430

21%

Date

© Westside Estate Agency

17


90291 Price in millions

Avg. Price Per Transaction

DECEMBER 2016

2.5

Number of Sales

2.0

HHHHHHHHHHHH HH

1.5

Avg. Price per transaction

1.0

$ 0.5 0.0

DEC

2,093,286

DECEMBER 2007 2007

2010

2014

2015

2016

Number of Sales

number of sales

HH Avg. Price per transaction $

957,500

DECEMBER 2016 vs 2007 DEC

2007

2010

2014

2015

2016

+600% Sales

+119% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

14

-13%

$2,093,286

15%

DEC 2015

16

-6%

$1,823,156

-6%

DEC 2014

17

70%

$1,931,735

93%

DEC 2010

10

400%

$1,002,050

5%

DEC 2007

2

Baseline

$957,500

Baseline

YTD 2016

175

11%

$2,005,501

3%

Date

© Westside Estate Agency

18


90292 Price in millions

Avg. Price Per Transaction

DECEMBER 2016

3.0

Number of Sales

2.5

H

2.0 1.5

Avg. Price per transaction

1.0

$

0.5 0.0

DEC

2007

2010

2014

2015

2016

2,700,000

DECEMBER 2007 Number of Sales

number of sales

Avg. Price per transaction

Not Avail. DECEMBER 2016 vs 2007 DEC

2007

2010

2014

2015

2016

+/-0% Sales

+/-0% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

1

-50%

$2,700,000

0%

DEC 2015

2

100%

$2,700,000

145%

DEC 2014

1

-67%

$1,100,000

13%

DEC 2010

3

N/A

$970,000

N/A

DEC 2007

0

baseline

0

baseline

YTD 2016

32

10%

$2,155,172

-10%

Date

© Westside Estate Agency

19


90293 Avg. Price Per Transaction

DECEMBER 2016

Price in millions

2.0

Number of Sales

HHH

1.5

1.0

Avg. Price per transaction $

0.5

0.0

DEC

2007

2010

2014

2015

2016

1,417,333

DECEMBER 2007 Number of Sales

number of sales

HH Avg. Price per transaction $

1,922,500

DECEMBER 2016 vs 2007 DEC

2007

2010

2014

2015

2016

+50% Sales

-26% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

3

0%

$1,417,333

-7%

DEC 2015

3

0%

$1,518,833

49%

DEC 2014

3

0%

$1,019,667

-35%

DEC 2010

3

50%

$1,564,000

-19%

DEC 2007

2

baseline

$1,922,500

baseline

YTD 2016

42

20%

$1,496,000

-18%

Date

© Westside Estate Agency

20


Miami market view

metro Miami overview Price in millions

avg. Price Per Transaction

DECEMBER 2016

3.0

Number of Sales

2.5

HHHHH

2.0

AVg. Price per transaction $

1.5 1.0

1,998,858

0.5

DECEMBER 2007

0.0

Number of Sales

DEC

H = 20

2007

2010

2014

2015

2016

H = 20

HHHH

number of sales avg. Price per transaction $

2,062,566

DECEMBER 2016 vs 2007 DEC

2007

2010

2014

2015

2016

+36% Sales

-3% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

DEC 2016

99

-34%

$1,998,858

-25%

DEC 2015

151

-14%

$2,662,735

12%

DEC 2014

176

38%

$2,377,616

19%

DEC 2010

128

75%

$2,000,777

-3%

DEC 2007

73

baseline

$2,062,566

baseline

YTD 2016

1731

-17%

$2,261,032

-3%

Date

© Westside Estate Agency

21


2007

2010

2014

Zip Code

Sales

Average Price

Sales

Δ vs ‘07

Average Price

Δ vs ‘07

Sales

Δ vs ‘10

Average Price

Δ vs ‘10

90210

73

$4,762,686

103

41%

$4,940,727

4%

192

86%

$6,083,891

23%

90211

9

$1,645,002

19

111%

$1,532,895

-7%

25

32%

$1,756,740

15%

90069

42

$2,498,476

46

10%

$2,097,707

-16%

96

109%

$3,771,484

80%

90077

43

$3,882,214

50

16%

$2,363,500

-39%

87

74%

$6,504,293

175%

90046

65

$1,694,922

91

40%

$1,042,527

-38%

196

115%

$1,721,663

65%

90265

67

$5,688,769

67

0%

$3,769,276

-34%

152

127%

$3,558,753

-6%

90272

87

$3,126,075

118

36%

$2,218,926

-29%

202

71%

$3,385,424

53%

90024

22

$2,191,409

35

59%

$2,147,929

-2%

64

83%

$5,509,792

157%

90049

70

$2,914,450

115

64%

$2,187,470

-25%

187

63%

$3,422,239

56%

90025

23

$1,158,457

28

22%

$1,002,179

-13%

36

29%

$1,331,208

33%

90402

30

$3,361,617

53

77%

$2,456,811

-27%

62

17%

$3,955,734

61%

90005

4

$1,547,500

11

175%

$1,093,091

-29%

16

45%

$1,590,188

45%

90027

41

$1,322,625

50

22%

$1,018,320

-23%

118

136%

$1,572,042

54%

90064

78

$1,290,814

85

9%

$1,120,088

-13%

147

73%

$1,407,121

26%

90291

49

$1,290,367

71

45%

$1,039,035

-19%

143

101%

$1,830,916

76%

90292

7

$1,723,571

17

143%

$1,498,000

-13%

30

76%

$2,039,837

36%

90293

6

$1,804,250

19

217%

$1,350,895

-25%

29

53%

$1,250,862

-7%

Miami

1223

$2,007,716

1027

-16%

$1,944,666

-3%

2206

115%

$2,229,421

15%

22


PROPERTIES PROPERTIES OF OF $1M $1M OR OR MORE MORE 2015

Δ 2007 vs 2016

2016

Sales

Δ vs ‘14

Average Price

Δ vs ‘14

Sales

Δ vs ‘15

Average Price

Δ vs ‘15

Sales

Average Price

239

24%

$6,358,278

5%

251

5%

$6,007,608

-6%

244%

26%

32

28%

$2,051,203

17%

26

-19%

$2,110,615

3%

189%

28%

129

34%

$3,675,031

-3%

141

9%

$3,641,767

-1%

236%

46%

96

10%

$6,176,089

-5%

108

13%

$5,276,894

-15%

151%

36%

258

32%

$1,707,526

-1%

275

7%

$1,797,934

5%

323%

6%

168

11%

$4,081,291

15%

212

26%

$4,323,627

6%

216%

-24%

224

11%

$3,420,445

1%

263

17%

$3,595,428

5%

202%

15%

56

-13%

$3,042,348

-45%

92

64%

$4,955,187

63%

318%

126%

215

15%

$3,877,662

13%

271

26%

$3,594,404

-7%

287%

23%

63

75%

$1,415,461

6%

66

5%

$1,445,447

2%

187%

25%

77

24%

$4,292,903

9%

95

23%

$4,418,006

3%

217%

31%

33

106%

$2,069,212

30%

36

9%

$1,763,158

-15%

800%

14%

135

14%

$1,527,371

-3%

165

22%

$1,635,575

7%

302%

24%

159

8%

$1,445,767

3%

220

38%

$1,750,430

21%

182%

36%

158

10%

$1,953,807

7%

175

11%

$2,005,501

3%

257%

55%

29

-3%

$2,403,897

18%

32

10%

$2,155,172

-10%

357%

25%

35

21%

$1,819,840

45%

42

20%

$1,496,000

-18%

600%

-17%

2079

-6%

$2,324,082

4%

1731

-17%

$2,261,032

-3%

70%

16%

23


Success built on superior market knowledge. And understanding our clients. Westside Estate Agency is defined by the values and the vision of its two founders, Stephen Shapiro and Kurt Rappaport. In 1998, Stephen Shapiro and Kurt Rappaport were two of the most well-known, highly compensated realtors in Los Angeles. Still, they felt there had to be a better way to meet the very high expectations and individual needs of their high-net worth clientele. It wasn’t long before the two began making plans for a different kind of brokerage. A real estate agency committed to putting client service first, and completely satisfying the needs and desires of each client. In the words of Stephen Shapiro, “Negotiations conducted with intelligence and integrity result in what we call the ‘triple win.’ Great results for the buyer, the seller, and WEA.” In 1999, Shapiro and Rappaport opened Westside Estate Agency with a focus on the most expensive and prestigious homes and estates in the prime Westside areas of Los Angeles. In 2007, WEA opened its Malibu office to service that world famous community. Today, WEA has a clientele without parallel, at the pinnacle of the

better service to clients. WEA continues to stay on the cutting-edge of innovation, keeping a pulse on and implementing new technologies as soon as they’re available. Stephen and Kurt have assembled a team of full-time real estate pros, known for expertise, experience, integrity and discretion. Each agent possesses an in-depth knowledge of the inventory and current market conditions; our clients turn to us for candid insights into current market value, the sales potential of properties and marketing strategies for our current and prospective clients. Of course, WEA has retained its independence, in the face of widespread acquisition by a handful of impersonal agencies. Remaining independent means we answer to our clients, instead of a corporate headquarters thousands of miles away. It means we don’t need to worry about a conglomerate’s bottom-line or using an in-house escrow or title company; rather, we’re free to focus on getting the best and doing the best for each client. In practical terms, this translates into efficiency

business, financial, technology and entertainment industries generating billions in sales and the highest average price per sale in the industry. The company added its Miami, Florida location in early 2015.

and responsiveness. Making the most of every minute by showing just the homes, in just the neighborhoods, that meet our clients’ criteria. Quite frequently, we’re even able to offer new properties not yet on the market.

Working hand-in-hand with their commitment to tailored service has been the agency’s industry leading application of technology. WEA has been at the forefront in the category for its technology use, from being the first to implement a fully integrated network computing system to the first to use scanning technology, cloud technology, e-signatures and paperless filing to provide

Finally, it means WEA’s agents have a direct conduit to the top. Unlike the non-owner operated, robo brokerages, our principals play a role in, and keep an eye on every WEA transaction. In sense, every WEA client is also a client of Stephen’s and Kurt’s. Which only make sense, as it’s with these two that the WEA story began.

24


Contact Us Beverly Hills Office

Malibu Office

Miami Office

Westside Estate Agency 210 North Canon Drive Beverly Hills, CA 90210

Westside Estate Agency 23410 Civic Center Way Malibu, CA 90265

Westside Estate Agency 2100 Ponce de Leon Blvd 7th Floor Coral Gables, FL 33134

Tel: (310) 247-7770 SalesBH@WEAhomes.com

Tel: (310) 456-1171 SalesMalibu@WEAhomes.com

Tel: (305) 447-1471 SalesMiami@WEAhomes.com

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WEA Micro Market Report - December 2016