WEA Micro Market Report Issue #11 2/15/16 for 1/15/16 Statistics

Micro Market Report Los Angeles & Miami Issue #11 02/15/16 for 01/15/16 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

January 2016

Price in millions

10

Number of Sales

HHHHHHHHHHHH HHHHHHHH

8 6

Avg. Price per transaction

4

$ 2 0

Jan.

2007

2010

2014

2015

2016

5,934,000

January 2007 Number of Sales

number of sales

H H H Avg. Price per transaction $

2,778,333

January 2016 vs 2007 Jan.

2007

2010

2014

2015

2016

+267% Sales

+114% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Jan. 2016

20

+82%

$5,934,000

-27%

Jan. 2015

11

-39%

$8,174,864

+55%

Jan. 2014

18

+125%

$5,288,167

+13%

Jan. 2010

8

+167%

$4,667,188

+68%

Jan. 2007

3

baseline

$2,778,333

baseline

YTD 2016

20

+25%

$3,538,450

0

Date

© Westside Estate Agency

3

90211 Avg. Price Per Transaction

January 2016

Price in millions

2.5

Number of Sales

HHHH

2.0

Avg. Price per transaction $

1.5

1,949,500

1.0 0.5 0.0

Jan. 2007

January 2007 2010

2014

2015

2016

Number of sales

number of sales

H Avg. Price per transaction $

1,425,000

January 2016 vs 2007 Jan. 2007

2010

2014

2015

2016

0% Sales

+37% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Jan. 2016

4

+300%

$1,949,500

-8%

Jan. 2015

1

-50%

$2,120,000

0%

Jan. 2014

2

+100%

$2,121,250

+20%

Jan. 2010

1

0%

$1,775,000

+25%

Jan. 2007

1

baseline

$1,425,000

baseline

YTD 2016

4

+300%

$1,949,500

-8%

Date

© Westside Estate Agency

4

90069 Avg. Price Per Transaction

January 2016

Price in millions

8

Number of Sales

7

HHHHHHHHHHH

6 5 4

Avg. Price per transaction

3

$

2

5,791,364

1 0

Jan. 2007

2010

2014

2015

2016

January 2007 Number of Sales

number of sales

H Avg. Price per transaction $

800,000

January 2016 vs 2007 Jan. 2007

2010

2014

2015

2016

+1000% Sales

+624% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Jan. 2016

11

0%

$5,791,364

-16%

Jan. 2015

11

+83%

$6,910,864

+148%

Jan. 2014

6

+20%

$2,788,250

+26%

Jan. 2010

5

+400%

$2,210,400

+176%

Jan. 2007

1

baseline

$800,000

baseline

YTD 2016

11

0

$5,934,000

-27%

Date

© Westside Estate Agency

5

90077 Avg. Price Per Transaction

January 2016

Price in millions

8

Number of Sales

7

HHHHHHHHH

6 5 4

Avg. Price per transaction

3

$

2 1 0

Jan.

2007

2010

2014

2015

2016

6,518,222

January 2007 Number of Sales

number of sales

HH Avg. Price per transaction $

854,750

January 2016 vs 2007 Jan. 2007

2010

2014

2015

2016

+300% Sales

+663% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Jan. 2016

9

+13%

$6,518,222

+54%

Jan. 2015

8

0%

$4,243,375

+54%

Jan. 2014

8

+700%

$2,749,125

+293%

Jan. 2010

1

-50%

$700,000

-18%

Jan. 2007

2

baseline

$854,750

baseline

YTD 2016

9

+13%

$6,518,222

+54%

Date

© Westside Estate Agency

6

90046 Avg. Price Per Transaction

January 2016

Price in millions

5

Number of Sales

HHHHHHHHHHHH HHHHHHHHHH

4 3

Avg. Price per transaction

2

$ 1 0

Jan. 2007

2010

2014

2015

2016

1,510,500

January 2007 Number of Sales

number of sales

HHHHHH Avg. Price per transaction $

4,159,667

January 2016 vs 2007 Jan. 2007

2010

2014

2015

2016

+283% Sales

-64% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Jan. 2016

22

-4%

$1,510,500

-19%

Jan. 2015

23

53%

$1,870,609

+72%

Jan. 2014

15

+150%

$1,090,033

+22%

Jan. 2010

6

0%

$891,833

-79%

Jan. 2007

6

baseline

$4,159,667

baseline

YTD 2016

22

-4%

$1,510,500

-19%

Date

© Westside Estate Agency

7

90265 Avg. Price Per Transaction

January 2016

Price in millions

10

Number of Sales

HHHHHHHHHHHH HHH

8 6

Avg. Price per transaction

4

$ 2 0

Jan. 2007

2010

2014

2015

2016

6,234,273

January 2007 Number of Sales

number of sales

HHHHHHHH Avg. Price per transaction $

7,348,688

January 2016 vs 2007 Jan. 2007

2010

2014

2015

2016

+75% Sales

-15% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Jan. 2016

15

+7%

$6,234,273

-25%

Jan. 2015

14

+133%

$8,271,357

+77%

Jan. 2014

6

+20%

$4,668,333

+31%

Jan. 2010

5

-38%

$3,556,500

-52%

Jan. 2007

8

baseline

$7,348,688

baseline

YTD 2016

15

+7%

$6,234,273

-25%

Date

© Westside Estate Agency

8

90272 Avg. Price Per Transaction

January 2016

Price in millions

4.0

Number of Sales

3.5

HHHHHHHHHHHH HHHHHHHHH

3.0 2.5 2.0 1.5

Avg. Price per transaction

1.0

$

0.5 0.0

Jan.

2007

2010

2014

2015

2016

3,538,450

January 2007 Number of Sales

number of sales

HHH Avg. Price per transaction $

3,783,167

January 2016 vs 2007 Jan.

2007

2010

2014

2015

2016

+433% Sales

-6% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Jan. 2016

20

+25%

$3,538,450

0%

Jan. 2015

16

0%

$3,554,500

+23%

Jan. 2014

16

+7%

$2,893,125

+36%

Jan. 2010

15

+400%

$2,123,567

-44%

Jan. 2007

3

baseline

$3,783,167

baseline

YTD 2016

20

+25%

$3,538,450

0

Date

© Westside Estate Agency

9

90024 Avg. Price Per Transaction

January 2016

Price in millions

5

Number of Sales

HHHH

4

Avg. Price per transaction

3

$ 2

4,817,614

1 0

Jan. 2007

2010

2014

2015

2016

January 2007 Number of Sales

number of sales

H Avg. Price per transaction $

1,000,000

January 2016 vs 2007 Jan. 2007

2010

2014

2015

2016

+300% Sales

+382% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Jan. 2016

4

0%

$4,817,614

+49%

Jan. 2015

4

+33%

$3,231,625

+52%

Jan. 2014

3

+50%

$2,122,833

+2%

Jan. 2010

2

+100%

$2,077,500

+108%

Jan. 2007

1

baseline

$1,000,000

baseline

YTD 2016

4

0

$4,817,614

+49%

Date

© Westside Estate Agency

10

90049 Avg. Price Per Transaction

January 2016

Price in millions

5

Number of Sales

HHHHHHHHHHHH HHHHHH

4 3

Avg. Price per transaction

2

$ 1 0

Jan. 2007

2010

2014

2015

2016

2,687,583

January 2007 Number of Sales

number of sales

Avg. Price per transaction

Not Avail.

January 2016 vs 2007 Jan.

2007

2010

2014

2015

2016

+/-0 Sales

+/-0 Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Jan. 2016

18

20%

$2,687,583

-33%

Jan. 2015

15

0%

$4,002,500

+54%

Jan. 2014

15

+114%

$2,601,812

-7%

Jan. 2010

7

0

$2,795,857

0

Jan. 2007

0

baseline

0

baseline

YTD 2016

18

+20%

$2,687,583

-33%

Date

© Westside Estate Agency

11

90025 Avg. Price Per Transaction

January 2016

Price in millions

2.0

Number of Sales

HHHHH

1.5

Avg. Price per transaction $

1.0

1,863,000

0.5

0.0

Jan.

2007

2010

2014

2015

2016

January 2007 Number of Sales

number of sales

H Avg. Price per transaction $

977,500

January 2016 vs 2007 Jan. 2007

2010

2014

2015

2016

+300% Sales

+91% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Jan. 2016

5

+25%

$1,863,000

+53%

Jan. 2015

4

+300%

$1,219,375

+33%

Jan. 2014

1

-50%

$918,000

-1%

Jan. 2010

2

+100%

$927,500

-5%

Jan. 2007

1

baseline

$977,500

baseline

YTD 2016

5

+25%

$1,863,000

+53%

Date

© Westside Estate Agency

12

90402 Avg. Price Per Transaction

January 2016

Price in millions

6

Number of Sales

HHHHH

5 4

Avg. Price per transaction

3

$

2

3,432,500

1 0

Jan.

2007

2010

2014

2015

2016

January 2007 Number of Sales

number of sales

HHHHH Avg. Price per transaction

Not Avail.

January 2016 vs 2007 Jan.

2007

2010

2014

2015

2016

+/-0 Sales

+/-0 Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Jan. 2016

5

0%

$3,432,500

-34%

Jan. 2015

5

0

$5,225,700

0

Jan. 2014

0

0

0

0

Jan. 2010

4

0

$1,933,750

0

Jan. 2007

0

baseline

0

baseline

YTD 2016

5

+0%

$3,432,500

-34%

Date

© Westside Estate Agency

13

90005 Avg. Price Per Transaction

January 2016

Price in millions

3.5

Number of Sales

3.0

HH

2.5

Avg. Price per transaction

2.0

$

1.5 1.0

3,159,091

0.5 0.0

Jan. 2007

2010

2014

2015

2016

January 2007 Number of sales

number of sales

H Avg. Price per transaction $

1,150,000

January 2016 vs 2007 Jan.

2007

2010

2014

2015

2016

+300% Sales

+175% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Jan. 2016

2

-50%

$3,159,091

+26%

Jan. 2015

4

+300%

$2,514,375

+403%

Jan. 2014

1

0%

$500,000

-28%

Jan. 2010

1

0%

$693,000

-40%

Jan. 2007

1

baseline

$1,150,000

baseline

YTD 2016

2

-50%

$3,159,091

+26%

Date

© Westside Estate Agency

14

90027 Avg. Price Per Transaction

January 2016

Price in millions

2.0

Number of Sales

HHHHHHHHHHHH

1.5

1.0

Avg. Price per transaction $

0.5

0.0

1,289,417

January 2007

Jan.

2007

2010

2014

2015

2016

Number of Sales

number of sales

HHHH Avg. Price per transaction $

1,497,500

January 2016 vs 2007 Jan. 2007

2010

2014

2015

2016

+250% Sales

-14% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Jan. 2016

12

-14%

$1,289,417

-19%

Jan. 2015

14

+600%

$1,600,286

-6%

Jan. 2014

2

-60%

$1,702,750

+78%

Jan. 2010

5

+25%

$958,200

-36%

Jan. 2007

4

baseline

$1,497,500

baseline

YTD 2016

12

-14%

$1,289,417

-19%

Date

© Westside Estate Agency

15

90064 Avg. Price Per Transaction

January 2016

Price in millions

2.0

Number of Sales

HHHHHHHHHHHH HHHHH

1.5

1.0

Avg. Price per transaction $

1,666,353

0.5

0.0

January 2007

Jan. 2007

2010

2014

2015

2016

Number of Sales

number of sales

HHHHHH Avg. Price per transaction $

1,081,167

January 2016 vs 2007 Jan.

2007

2010

2014

2015

2016

+117% Sales

+54% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Jan. 2016

17

+31%

$1,666,353

+37%

Jan. 2015

13

+30%

$1,220,115

-14%

Jan. 2014

10

+100%

$1,410,882

+22%

Jan. 2010

5

-17%

$1,160,400

+7%

Jan. 2007

6

baseline

$1,081,167

baseline

YTD 2016

17

+31%

$1,666,353

+37%

Date

© Westside Estate Agency

16

90291 Avg. Price Per Transaction

January 2016

Price in millions

2.5

Number of Sales

HHHHHHHHHHH

2.0 1.5

Avg. Price per transaction $

1.0 0.5 0.0

Jan. 2007

2,426,955

January 2007 2010

2014

2015

2016

Number of Sales

number of sales

HHHH Avg. Price per transaction $

1,132,000

January 2016 vs 2007 Jan. 2007

2010

2014

2015

2016

+300% Sales

+114% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Jan. 2016

11

-31%

$2,426,955

+45%

Jan. 2015

16

+14%

$1,673,906

+17%

Jan. 2014

14

+250%

$1,425,150

+23%

Jan. 2010

4

0%

$1,157,750

+2%

Jan. 2007

4

baseline

$1,132,000

baseline

YTD 2016

11

-31%

$2,426,955

+45%

Date

© Westside Estate Agency

17

90292 Price in millions

Avg. Price Per Transaction

January 2016

2.5

Number of Sales

2.0

HHHH Avg. Price per transaction

1.5

$

1.0

2,026,250

0.5 0.0

Jan.

2007

2010

2014

2015

2016

January 2007 Number of Sales

number of sales

Avg. Price per transaction

Not Avail.

January 2016 vs 2007 Jan.

2007

2010

2014

2015

2016

+/-0 Sales

+/-0 Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Jan. 2016

4

+100%

$2,026,250

+13%

Jan. 2015

2

+100%

$1,800,750

-12%

Jan. 2014

1

0

$2,050,000

0

Jan. 2010

0

0

0

0

Jan. 2007

0

baseline

0

baseline

YTD 2016

4

+100%

$2,026,250

+13%

Date

© Westside Estate Agency

18

Miami market view

metro Miami overview avg. Price Per Transaction 2.5

Price in millions

H = 20

January 2016 Number of Sales

HHHHHHH

2.0

AVg. Price per transaction

1.5

$

1.0 0.5

2,650,426

January 2007

0.0

H = 20

Number of Sales

Jan.

2007

2010

2014

2015

HHHH

number of sales avg. Price per transaction $

2,062,566

January 2016 vs 2007 +29% Price

2016

+53% Sales

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Jan. 2016

130

-17%

$2,364,347

+16%

Jan. 2015

157

+180%

$2,032,160

+15%

Jan. 2010

56

-34%

$1,762,650

-4%

Jan. 2007

85

baseline

$1,831,489

baseline

YTD 2016

130

-17%

$2,364,347

+16%

Jan.

2007

Date

2010

2015

© Westside Estate Agency

19

YEAR TO DATE SALES OF

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

3

$2,778,333

8

+167%

$4,667,188

+68%

18

+125%

$5,288,167

+13%

90211

1

$1,425,000

1

0%

$1,775,000

+25%

2

+100%

$2,121,250

+20%

90069

1

$800,000

5

+400%

$2,210,400

+176%

6

+20%

$2,788,250

+26%

90077

2

$854,750

1

-50%

$700,000

-18%

8

+700%

$2,749,125

+293%

90046

6

$4,159,667

6

0%

$891,833

-79%

15

+150%

$1,090,033

+22%

90265

8

$7,348,688

5

-38%

$3,556,500

-52%

6

+20%

$4,668,333

+31%

90272

3

$3,783,167

15

+400%

$2,123,567

-44%

16

+7%

$2,893,125

+36%

90024

1

$1,000,000

2

+100%

$2,077,500

+108%

3

+50%

$2,122,833

+2%

90049

0

0

7

0

$2,795,857

0

15

+114%

$2,601,812

-7%

90025

1

$977,500

2

+100%

$927,500

-5%

1

-50%

$918,000

-1%

90402

0

0

4

0

$1,933,750

0

0

0

0

0

90005

1

$1,150,000

1

0%

$693,000

-40%

1

0%

$500,000

-28%

90027

4

$1,497,500

5

+25%

$958,200

-36%

2

-60%

$1,702,750

+78%

90064

6

$1,081,167

5

-17%

$1,160,400

+7%

10

+100%

$1,410,882

+22%

90291

4

$1,132,000

4

0%

$1,157,750

+2%

14

+250%

$1,425,150

+23%

90292

0

0

0

0

0

0

1

0

$2,050,000

0

Miami

85

$1,831,489

56

-34%

$1762,650

-4%

0

0

0

0

20

PROPERTIES OF $1M OR MORE

2015

Δ 2007 vs 2016

2016

Sales

Δ vs ‘14

Average Price

Δ vs ‘14

Sales

Δ vs ‘14

Average Price

Δ vs ‘14

Sales

Average Price

11

-39%

$8,174,864

55%

20

82%

$5,934,000

-27%

267%

114%

1

-50%

$2,120,000

0%

4

300%

$1,949,500

-8%

0%

37%

11

83%

$6,910,864

148%

11

0%

$5,791,364

-16%

1000%

624%

8

0%

$4,243,375

54%

9

13%

$6,518,222

54%

300%

663%

23

53%

$1,870,609

72%

22

-4%

$1,510,500

-19%

283%

-64%

14

133%

$8,271,357

77%

15

7%

$6,234,273

-25%

75%

-15%

16

0%

$3,554,500

23%

20

25%

$3,538,450

0%

433%

-6%

4

33%

$3,231,625

52%

4

0%

$4,817,614

49%

300%

382%

15

0%

$4,002,500

54%

18

20%

$2,687,583

-33%

0

0

4

300%

$1,219,375

33%

5

25%

$1,863,000

53%

300%

91%

5

0

$5,225,700

0

5

0%

$3,432,500

-34%

0

0

4

300%

$2,514,375

403%

2

-50%

$3,159,091

26%

300%

175%

14

600%

$1,600,286

-6%

12

-14%

$1,289,417

-19%

250%

-14%

13

30%

$1,220,115

-14%

17

31%

$1,666,353

37%

117%

54%

16

14%

$1,673,906

17%

11

-31%

$2,426,955

45%

300%

114%

2

100%

$1,800,750

-12%

4

100%

$2,026,250

13%

0

0

157

180%

$2,032,160

15%

130

-17%

$2,364,347

16%

85%

11%

21

Compare Los Angeles Real Estate Brokerages

A Message From WEA $20+ MILLION SALES: WHERE DO THEY COME FROM? Many people, particularly sellers, believe that the buyers for their megabucks homes will come from overseas. They also hope that these foreign purchasers will be willing to overpay for the homes.

However, the statistics below provide a lot of interesting information, as opposed to mere hope.

During the 2015 calendar year, there were 37 sales at 20+ million in Los Angeles County. Here is the breakdown as to the nationality of the buyers: 29 of the sales were Americans - 78.2% 4 were Chinese - 11% 2 were Western European - 5.4% 1 was Middle Eastern - 2.7% 1 was Canadian - 2.7% Additionally, in Miami-Dade, there were 10 sales of homes listed at 20+ million in 2015 and Americans purchased ALL TEN. What do you think about these numbers? In my opinion, this makes for a very strong national market.

The data clearly reflects that the overwhelming percentage of the ultra-high-net-worth individuals purchasing homes for 20+ million are homegrown.

Let’s see what 2016 brings, but I believe that our market will remain predominately American.

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 inJanation, 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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