WEA Micro Market Report 1/15/16 for 12/15/15 Statistics

Micro Market Report Los Angeles & Miami Issue #10 01/15/16 for 12/15/15 statistics

1

Table of Contents zip Code 90210 - Beverly Hills

3

zip Code 90211 - beverly hills

4

zip Code 90069 - Sunset strip

5

zip Code 90077 - Bel Air

6

zip Code 90046 - West Hollywood

7

zip Code 90265 - malibu

8

zip Code 90272 - Pacific palisades

9

zip Code 90024 - westwood

10

zip Code 90049 - brentwood

11

zip Code 90025 - west LA

12

zip Code 90201/90402 - santa monica

13

Zip COde 90005 - Hancock Park

14

Zip Code 90027 - Los Feliz

15

Zip Code 90064 - Cheviot Hills

16

zip Code 90291 - Venice

17

Zip Code 90292 - Marina del Rey

18

Miami Market Overview

19

ALL ZIP CODES YEAR TO DATE SALES

20

WEA Message

22

About WEA

23

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

90210 Avg. Price Per Transaction

December 2015

Price in millions

10

Number of Sales

8

HHHHHHHHHHHH HHHHHHHHHHHH HHHHHH

6

Avg. Price per transaction

4

$

2

5,871,450

0

Dec.

2007

2010

2014

2015

December 2007 Number of Sales

number of sales

H H H H H H Avg. Price per transaction $

4,590,833

December 2015 vs 2007 Dec.

2007

2010

2014

2015

+400% Sales

+28% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Dec. 2015

30

+30%

$5,871,450

-40%

Dec. 2014

23

+15%

$9,837,130

+84%

Dec. 2010

20

+233%

$5,357,891

+17%

Dec. 2007

6

baseline

$4,590,833

baseline

304

+28%

$6,291,744

+11%

Date

YTD 2015

© Westside Estate Agency

3

90211 Avg. Price Per Transaction

December 2015

Price in millions

2.5

Number of Sales

HH

2.0

Avg. Price per transaction $

1.5

1,944,000

1.0 0.5 0.0

Dec.

2007

2010

2014

2015

December 2007 Number of sales

number of sales

H Avg. Price per transaction

$2,039,000 December 2015 vs 2007

Dec. 2007

2010

2014

2015

+100% Sales

-5% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Dec. 2015

2

-33%

$1,944,000

+22%

Dec. 2014

3

0%

$1,595,000

-1%

Dec. 2010

3

+200%

$1,608,333

-21%

Dec. 2007

1

baseline

$2,039,000

baseline

39

+30%

$2,155,090

+23%

Date

YTD 2015

© Westside Estate Agency

4

90069 Avg. Price Per Transaction

December 2015

5

Price in millions

Number of Sales 4

HHHHHHHHHHHH HHHHHHH

3

Avg. Price per transaction

2

$ 1

3,149,211

0

Dec.

2007

2010

2014

2015

December 2007 Number of Sales

number of sales

Avg. Price per transaction

Not avail.

December 2015 vs 2007 Dec. 2007

2010

2014

2015

+/-0 Sales

+/-0 Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Dec. 2015

19

+19%

$3,149,211

-27%

Dec. 2014

16

+167%

$4,288,125

+129%

Dec. 2010

6

0%

$1,868,667

0%

Dec. 2007

0

baseline

N/A

baseline

159

+28%

$3,571,060

-2%

Date

YTD 2015

© Westside Estate Agency

5

90077 Avg. Price Per Transaction

December 2015

Price in millions

12

Number of Sales

10

HHHHHHHHHH

8 6

Avg. Price per transaction

4

$

2 0

6,331,300

December 2007

Dec. 2007

2010

2014

2015

Number of Sales

number of sales

HHH Avg. Price per transaction $

10,725,333

December 2015 vs 2007 2015

+233% Sales

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Dec. 2015

10

-29%

$6,331,300

+23%

Dec. 2014

14

+133%

$5,167,250

+147%

Dec. 2010

6

+100%

$2,092,333

-80%

Dec. 2007

3

baseline

$10,725,333

baseline

129

+34%

$5,666,098

-12%

Dec. 2007

Date

YTD 2015

2010

2014

© Westside Estate Agency

-41% Price

6

90046 Avg. Price Per Transaction

December 2015

Price in millions

2.0

Number of Sales

HHHHHHHHHHHH HHHHHHHHHHHH HHHHHHHHH

1.5

1.0

Avg. Price per transaction $

0.5

0.0

1,696,974

December 2007

Dec. 2007

2010

2014

2015

number of sales

Number of Sales

HHHHHHHH Avg. Price per transaction $

1,658,375

December 2015 vs 2007 Dec. 2007

2010

2014

2015

+313% Sales

+2% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Dec. 2015

33

+74%

$1,696,974

-9%

Dec. 2014

19

+58%

$1,868,000

+85%

Dec. 2010

12

+50%

$1,007,375

-39%

Dec. 2007

8

baseline

$1,658,375

baseline

329

+33%

$1,762,435

-1%

Date

YTD 2015

© Westside Estate Agency

7

90265 Avg. Price Per Transaction

December 2015

Price in millions

5

Number of Sales

HHHHHHHHHHHH HHHHHHHHHHHH HH

4 3

Avg. Price per transaction

2

$ 1 0

3,837,500

December 2007

Dec. 2007

2010

2014

2015

number of sales

Number of Sales

HHHHH Avg. Price per transaction $

4,679,000

December 2015 vs 2007 Dec.

2007

2010

2014

2015

+420% Sales

-18% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Dec. 2015

26

+13%

$3,837,500

+24%

Dec. 2014

23

+229%

$3,090,870

+57%

Dec. 2010

7

+40%

$1,968,071

-58%

Dec. 2007

5

baseline

$4,679,000

baseline

233

+25%

$4,571,121

+21%

Date

YTD 2015

© Westside Estate Agency

8

90272 Avg. Price Per Transaction

December 2015

Price in millions

6

Number of Sales

5

HHHHHHHHHHHH HHHHHHHHHHHH H

4 3

Avg. Price per transaction

2

$

1 0

Dec. 2007

2010

2014

2015

3,517,620

December 2007 Number of Sales

number of sales

HHH Avg. Price per transaction $

5,400,000

December 2015 vs 2007 Dec.

2007

2010

2014

2015

+733% Sales

-35% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Dec. 2015

25

+92%

$3,517,620

+36%

Dec. 2014

13

+8%

$2,578,724

+69%

Dec. 2010

12

+300%

$1,530,102

-72%

Dec. 2007

3

baseline

$5,400,000

baseline

277

+10%

$3,575,797

+8%

Date

YTD 2015

© Westside Estate Agency

9

90024 Avg. Price Per Transaction

December 2015

Price in millions

4.0

Number of Sales

3.5

HHHHHHHH

3.0 2.5

Avg. Price per transaction

2.0

$

1.5

3,394,125

1.0 0.5 0.0

Dec.

2007

2010

2014

2015

December 2007 Number of Sales

number of sales

HH Avg. Price per transaction $

3,690,000

December 2015 vs 2007 Dec.

2007

2010

2014

2015

+300% Sales

-8% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Dec. 2015

8

+167%

$3,394,125

+72%

Dec. 2014

3

-63%

$1,970,167

-39%

Dec. 2010

8

+300%

$3,230,500

-12%

Dec. 2007

2

baseline

$3,690,000

baseline

YTD 2015

74

-3%

$2,908,257

-35%

Date

© Westside Estate Agency

10

90049 Avg. Price Per Transaction

December 2015

8

Number of Sales

Price in millions

7

HHHHHHHHHHHH HHHHHH

6 5 4

Avg. Price per transaction

3

$

2 1 0

Dec.

2007

2010

2014

2015

6,035,641

December 2007 Number of Sales

number of sales

HHHHHH Avg. Price per transaction $

1,839,167

December 2015 vs 2007 Dec.

2007

2010

2014

2015

+200% Sales

+228% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Dec. 2015

18

-33%

$6,035,641

+61%

Dec. 2014

27

+286%

$3,753,852

+84%

Dec. 2010

7

+17%

$2,041,000

+11%

Dec. 2007

6

baseline

$1,839,167

baseline

286

+26%

$3,977,613

+22%

Date

YTD 2015

© Westside Estate Agency

11

90025 Avg. Price Per Transaction

December 2015

Price in millions

1.5

Number of Sales

HHHHHHHHH

1.2

Avg. Price per transaction

0.9

$ 0.6

1,436,389

0.3 0.0

Dec.

2007

2010

2014

2015

December 2007 Number of Sales

number of sales

HHHH Avg. Price per transaction $

915,750

December 2015 vs 2007 Dec.

2007

2010

2014

2015

+125% Sales

+57% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Dec. 2015

9

+80%

$1,436,389

+8%

Dec. 2014

5

+25%

$1,328,100

+16%

Dec. 2010

4

0%

$1,143,125

+25%

Dec. 2007

4

baseline

$915,750

baseline

80

+63%

$1,394,007

+7%

Date

YTD 2015

© Westside Estate Agency

12

90402 Avg. Price Per Transaction

December 2015

Price in millions

5

Number of Sales

HHHHHHHH

4

Avg. Price per transaction

3

$ 2

3,710,875

1 0

Dec. 2007

2010

2014

2015

December 2007 Number of Sales

number of sales

HHHHH Avg. Price per transaction $

4,219,300

December 2015 vs 2007 Dec.

2007

2010

2014

2015

+60% Sales

-12% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Dec. 2015

8

-27%

$3,710,875

+16%

Dec. 2014

11

+83%

$3,206,364

+26%

Dec. 2010

6

+20%

$2,542,083

-40%

Dec. 2007

5

baseline

$4,219,300

baseline

98

+18%

$4,194,526

+11%

Date

YTD 2015

© Westside Estate Agency

13

90005 Avg. Price Per Transaction

December 2015

Price in millions

2.5

Number of Sales

HHHHH

2.0

Avg. Price per transaction

1.5

$ 1.0

2,229,000

0.5 0.0

Dec. 2007

2010

2014

2015

December 2007 Number of sales

number of sales

Avg. Price per transaction

Not Avail.

December 2015 vs 2007

2015

+/-0 Sales

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Dec. 2015

5

+400%

$2,229,000

+78%

Dec. 2014

1

0%

$1,250,000

+9%

Dec. 2010

1

0%

$1,150,000

0%

Dec. 2007

0

baseline

N/A

baseline

46

+77%

$2,113,630

+43%

Dec.

2007

Date

YTD 2015

2010

2014

© Westside Estate Agency

+/-0% Price

14

90027 Avg. Price Per Transaction

December 2015

Price in millions

2.0

Number of Sales

HHHHHHHHHHHH HHHH

1.5

1.0

Avg. Price per transaction $

0.5

0.0

Dec. 2007

2010

2014

2015

1,602,768

December 2007 Number of Sales

number of sales

HHHH Avg. Price per transaction $

1,422,500

December 2015 vs 2007 Dec.

2007

2010

2014

2015

+300% Sales

+13% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Dec. 2015

16

+14%

$1,602,768

+24%

Dec. 2014

14

+56%

$1,293,143

+10%

Dec. 2010

9

+125%

$1,177,722

-17%

Dec. 2007

4

baseline

$1,422,500

baseline

188

+36%

$1,600,496

+1%

Date

YTD 2015

© Westside Estate Agency

15

90064 Avg. Price Per Transaction

December 2015

Price in millions

1.5

Number of Sales

HHHHHHHHHHHH HHHHHHH

1.2 0.9 0.6

Avg. Price per transaction $

1,297,789

0.3 0.0

Dec. 2007

2010

2014

2015

December 2007 Number of Sales

number of sales

HHHHHHH Avg. Price per transaction $

1,165,000

December 2015 vs 2007 Dec.

2007

2010

2014

2015

+171% Sales

+11% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Dec. 2015

19

+6%

$1,297,789

-9%

Dec. 2014

18

+100%

$1,419,278

+16%

Dec. 2010

9

+29%

$1,227,278

+5%

Dec. 2007

7

baseline

$1,165,000

baseline

196

+9%

$1,457,761

+5%

Date

YTD 2015

© Westside Estate Agency

16

90291 Avg. Price Per Transaction

December 2015

Price in millions

2.0

Number of Sales

HHHHHHHHHHHH HHHHH

1.5

Avg. Price per transaction

1.0

$ 0.5

0.0

Dec. 2007

2010

2014

2015

1,776,206

December 2007 Number of Sales

number of sales

HH Avg. Price per transaction $

957,500

December 2015 vs 2007 Dec.

2007

2010

2014

2015

+750% Sales

+86% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Dec. 2015

17

0%

$1,776,206

-8%

Dec. 2014

17

+42%

$1,931,735

+96%

Dec. 2010

12

+500%

$985,667

+3%

Dec. 2007

2

baseline

$957,500

baseline

193

+18%

$1,971,158

+9%

Date

YTD 2015

© Westside Estate Agency

17

90292 Avg. Price Per Transaction

December 2015

Price in millions

3.0

Number of Sales

2.5

HH

2.0

Avg. Price per transaction $

1.5 1.0

2,700,000

0.5 0.0

Dec.

2007

2010

2014

2015

December 2007 Number of Sales

number of sales

Avg. Price per transaction

Not Avail.

December 2015 vs 2007 Dec.

2007

2010

2014

2015

N/A Sales

N/A Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Dec. 2015

2

+100%

$2,700,000

+145%

Dec. 2014

1

-67%

$1,100,000

+13%

Dec. 2010

3

0%

$970,000

0%

Dec. 2007

0

baseline

0

baseline

YTD 2015

37

+9%

$2,361,838

+21%

Date

© Westside Estate Agency

18

Miami market view

metro Miami overview avg. Price Per Transaction

December 2015

Price in millions

3.0

H = 20

Number of Sales

2.5

HHHHHHH

2.0

AVg. Price per transaction $

1.5 1.0

2,650,426

0.5

December 2007

0.0

Number of Sales

Dec.

2007

2010

2014

2015

H = 20

HHHH

number of sales avg. Price per transaction $

2,062,566

December 2015 vs 2007 +29% Price

2015

+79% Sales

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Dec. 2015

131

-25%

$2,650,426

+11%

Dec. 2014

175

+37%

$2,382,631

+19%

Dec. 2010

128

+75%

$2,000,777

-3%

Dec. 2007

73

baseline

$2,062,566

baseline

2041

-7%

$2,322,669

+4%

Dec.

2007

Date

YTD 2015

2010

2014

19

2007

2010

2014

Zip Code

Sales

Average Price

Sales

Δ vs ‘07

Average Price

Δ vs ‘07

Sales

Δ vs ‘10

90210

87

$4,810,202

126

45%

$4,845,019

1%

237

88%

90211

10

$1,710,502

21

110%

$1,507,619

-12%

30

43%

90069

49

$2,533,031

49

0%

$2,028,745

-20%

124

153%

90077

49

$3,949,066

53

8%

$2,323,236

-41%

96

81%

90046

79

$1,641,999

108

37%

$1,019,935

-38%

247

129%

90265

78

$5,097,538

84

8%

$4,158,030

-18%

187

123%

90272

93

$3,110,462

136

46%

$2,321,535

-25%

251

85%

90024

24

$2,141,292

42

75%

$2,456,643

15%

76

81%

90049

84

$3,150,065

130

55%

$2,237,075

-29%

227

75%

90025

25

$1,164,780

31

24%

$993,871

-15%

49

58%

90402

34

$3,392,338

59

74%

$2,562,458

-24%

83

41%

90005

9

$1,744,889

16

78%

$925,000

-47%

26

63%

90027

57

$1,320,152

55

-4%

$1,035,845

-22%

138

151%

90064

94

$1,304,085

98

4%

$1,134,505

-13%

179

83%

90291

51

$1,309,002

87

71%

$1,051,897

-20%

163

87%

90292

12

$1,604,375

17

42%

$1,498,000

-7%

34

100%

Miami

1221

$2,009,454

1021

-16%

$1,943,518

-3%

2197

115%

20

PROPERTIES $1M MORE PROPERTIES OFOF $1M OROR MORE

2014

2015

Δ 2007 vs 2015

Average Price

Δ vs ‘10

Sales

Δ vs ‘14

Average Price

Δ vs ‘14

Sales

Average Price

$5,682,089

17%

304

28%

$6,291,744

11%

249%

31%

$1,745,950

16%

39

30%

$2,155,090

23%

290%

26%

$3,654,863

80%

159

28%

$3,571,060

-2%

224%

41%

$6,448,880

178%

129

34%

$5,666,098

-12%

163%

43%

$1,774,175

74%

329

33%

$1,762,435

-1%

316%

7%

$3,783,073

-9%

233

25%

$4,571,121

21%

199%

-10%

$3,303,614

42%

277

10%

$3,575,797

8%

198%

15%

$4,441,384

81%

74

-3%

$2,908,257

-35%

208%

36%

$3,253,283

45%

286

26%

$3,977,613

22%

240%

26%

$1,307,541

32%

80

63%

$1,394,007

7%

220%

20%

$3,793,436

48%

98

18%

$4,194,526

11%

188%

24%

$1,478,481

60%

46

77%

$2,113,630

43%

411%

21%

$1,577,839

52%

188

36%

$1,600,496

1%

230%

21%

$1,394,691

23%

196

9%

$1,457,761

5%

109%

12%

$1,809,325

72%

193

18%

$1,971,158

9%

278%

51%

$1,954,062

30%

37

9%

$2,361,838

21%

208%

47%

$2,232,913

15%

2041

-7%

$2,322,669

4%

67%

16%

21

Compare Los Angeles Real Estate Brokerages

A Message From WEA Welcome to 2016 Here we go. We are beginning another new year with grand expectations for a continued strengthening of our real estate market. In looking at our Micro Report, you can see by your zip code how your area did this year compared to 2014 and also compared to what many considered to be the high water mark of 2007. It is clear that in virtually every community, we are well ahead of 2007 in price, but for me, the biggest surprise is the massive increase in the number of transactions. There has been a sharp increase.

Now, let’s look at the 20+M market in 2015. In Los Angeles, there were 34 sales at 20M or more, as well as 6 in that category in Malibu. Many of us wonder where these buyers, who plunked down for these big-ticket items, came from. Here are those numbers…

Los Angeles: 27 Americans - 79% 4 Chinese - 12% 2 from the UK or European countries - 6% 1 Russian - 3% Malibu: 6 Americans – 100% In adding Malibu to the Los Angeles numbers, Americans accounted for 82.5% of home sales at 20M or more.

Since these are statistics, I’ll let you draw your own conclusions as to not only the strength of our market but also where our market comes from.

Wishing a happy, healthy and prosperous new year to all.

Stephen Shapiro Co-Founder, Westside Estate Agency 22

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 inDecation, 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.

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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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