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.
23
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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