Micro Market Report Los Angeles & Miami Issue #25 4/15/17 for 3/15/17 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 LET THE SELLING SEASON COMMENCE Spring is here and so is the traditional start of the “selling season” for homes. Here is the current status of the market: Homes in the $1-4 million range are selling at a rapid pace. When priced right, they sell within 30-45 days and we are seeing multiple offers when priced correctly. Over-priced homes at every level aren’t selling quickly, as buyers are the ones who recognize the value. Pricing a property too high can potentially lead to a stale listing, multiple price reductions, and risk the property being tainted as an undesirable house. Don’t be tempted by less than scrupulous brokers who think the way to get a listing is to give the seller an unrealistically high valuation. Homes that are priced correctly will sell at or above their value due to interest and the likelihood of multiple offers. Homes in the $10-15 million range are not as buoyant and tend to stay on the market until the right buyer surfaces. Buyers in this price range are aware that they often have more time to decide. Additionally, with an inventory of similarly designed and priced houses developed by speculators on the market, there is a good chance that prices will lower as inventory increases and competition heats up. In the ultra-high-end, the market remains surprisingly strong. Most of these buyers pay in cash and desire the privacy and luxurious amenities they have worked hard to achieve. There are multiple houses either currently listed at or soon be on the market for over $100 million despite the fact that, historically, only one house has sold in this rarified price range. There is a definite lack of interest from Middle Eastern buyers, and with the Chinese government cracking down on individuals taking money out of the country their buying has also been minimal. The good news is that almost all of our ultra-high-net-worth buyers are US citizens and many reside here in Los Angeles. Let’s hope we all have a strong selling season.
Stephen Shapiro Co-Founder, Westside Estate Agency
3
90210 Avg. Price Per Transaction
Price in millions
March 2017
Month AVG.
YTD AVg.
Number of Sales
8
HHHHHHHHHHHH HHHHHHHH
7 6
Avg. Price per transaction $
5 4
4,852,550
March 2007
3
Mar
2007
2010
2015
2016
2017
Number of Sales
HHHHHHHHHHHH HHHH
number of sales 2017
Avg. Price per transaction
2016
$
2015 2010 2007
3,305,188
March 2017 vs 2007 +25% Sales
+47% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
20
-13%
$4,852,550
17%
Mar 2016
23
-32%
$4,137,130
-18%
Mar 2015
34
143%
$5,020,632
16%
Mar 2010
14
-13%
$4,339,214
31%
Mar 2007
16
baseline
$3,305,188
baseline
YTD 2017
56
-5%
$6,992,411
36%
Date
© Westside Estate Agency
4
90211 Avg. Price Per Transaction
Price in millions
March 2017
Month AVG.
YTD AVg.
Number of Sales
3.0
HHHH
2.5
2.0
Avg. Price per transaction $
1.5
March 2007
1.0
Mar 2007
2,701,625
2010
2015
2016
2017
Number of sales
H
number of sales 2017
Avg. Price per transaction
2016
$
2015 2010 2007
2,425,000
March 2017 vs 2007 +300% Sales
+11% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
4
100%
$2,701,625
41%
Mar 2016
2
0%
$1,917,500
-14%
Mar 2015
2
100%
$2,237,500
111%
Mar 2010
1
0%
$1,060,000
-56%
Mar 2007
1
baseline
$2,425,000
baseline
YTD 2017
8
14%
$2,877,375
35%
Date
© Westside Estate Agency
5
90069 Avg. Price Per Transaction
Price in millions
March 2017
Month AVG.
YTD AVg.
Number of Sales
6
HHHHHHHHHH 5 4
Avg. Price per transaction
3
$
2
March 2007
1
Mar 2007
3,261,450
2010
2015
2016
2017
number of sales
Number of Sales
HHHHHH 2017
Avg. Price per transaction
2016
$
2015 2010 2007
1,603,500
March 2017 vs 2007 +67% Sales
+103% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
10
-47%
$3,261,450
-35%
Mar 2016
19
6%
$5,011,500
91%
Mar 2015
18
260%
$2,628,889
107%
Mar 2010
5
-17%
$1,271,500
-21%
Mar 2007
6
baseline
$1,603,500
baseline
YTD 2017
36
-10%
$3,815,903
-24%
Date
© Westside Estate Agency
6
90077 Avg. Price Per Transaction
March 2017
Month AVG.
YTD AVg.
Number of Sales
Price in millions
12
HHHHHHHH
10 8 6
Avg. Price per transaction
4
$
2
March 2007
0
Mar
2,218,438
2007
2010
2015
2016
2017
Number of Sales
HHHHHH
number of sales 2017
Avg. Price per transaction
2016
$
2015 2010
1,935,333
March 2017 vs 2007
2007
+33% Sales
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
8
0%
$2,218,438
-25%
Mar 2016
8
-43%
$2,964,250
-71%
Mar 2015
14
75%
$10,317,643
239%
Mar 2010
8
33%
$3,045,500
57%
Mar 2007
6
baseline
$1,935,333
baseline
YTD 2017
28
17%
$6,185,143
21%
Date
© Westside Estate Agency
+15% Price
7
90046 Avg. Price Per Transaction
Price in millions
March 2017
Month AVG.
YTD AVg.
Number of Sales
6
HHHHHHHHHHHH HHHHH
5 4
Avg. Price per transaction
3
$
2
March 2007
1
Mar 2007
5,069,412
2010
2015
2016
2017
number of sales
Number of Sales
HHHHHHHHHHHH 2017
Avg. Price per transaction
2016
$
2015 2010 2007
1,587,750
March 2017 vs 2007 +42% Sales
+219% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
17
-51%
$5,069,412
190%
Mar 2016
35
94%
$1,749,774
-28%
Mar 2015
18
20%
$2,439,611
143%
Mar 2010
15
25%
$1,006,000
-37%
Mar 2007
12
baseline
$1,587,750
baseline
YTD 2017
65
-22%
$2,534,892
44%
Date
© Westside Estate Agency
8
90265 Avg. Price Per Transaction
Price in millions
March 2017
Month AVG.
YTD AVg.
Number of Sales
8
HHHHHHHHHHHH HHH
7 6 5
Avg. Price per transaction
4
$
3
March 2007
2
Mar 2007
3,052,733
2010
2015
2016
2017
number of sales
Number of Sales
HHHHHHHHHHH 2017
Avg. Price per transaction
2016
$
2015 2010 2007
6,908,409
March 2017 vs 2007 +36% Sales
-56% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
15
-38%
$3,052,733
-33%
Mar 2016
24
9%
$4,560,792
-22%
Mar 2015
22
120%
$5,857,864
146%
Mar 2010
10
-9%
$2,379,800
-66%
Mar 2007
11
baseline
$6,908,409
baseline
YTD 2017
50
-9%
$4,300,050
-11%
Date
© Westside Estate Agency
9
90272 Avg. Price Per Transaction
March 2017
Month AVG.
YTD AVg.
Number of Sales
Price in millions
5
HHHHHHHHHHHH HHHHHHHHH HHH HH
4
Avg. Price per transaction $
3
March 2007
2
Mar
3,208,731
2007
2010
2015
2016
2017
Number of Sales
HHHHHHHHHHHH HH
number of sales 2017
Avg. Price per transaction
2016
$
2015 2010 2007
2,668,643
March 2017 vs 2007 +86% Sales
+20% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
26
4%
$3,208,731
-9%
Mar 2016
25
0%
$3,541,980
-12%
Mar 2015
25
32%
$4,043,469
96%
Mar 2010
19
36%
$2,063,737
-23%
Mar 2007
14
baseline
$2,668,643
baseline
YTD 2017
70
17%
$3,787,971
10%
Date
© Westside Estate Agency
10
90024 Avg. Price Per Transaction
Price in millions
March 2017
Month AVG.
YTD AVg.
Number of Sales
3.5
HHHHHHH
3.0
Avg. Price per transaction
2.5
$ 2.0
March 2007
1.5
Mar 2007
3,213,643
2010
2015
2016
2017
Number of Sales
HHHHH
number of sales 2017
Avg. Price per transaction
2016
$
2015 2010 2007
1,530,800
March 2017 vs 2007 +40% Sales
+110% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
7
-46%
$3,213,643
20%
Mar 2016
13
160%
$2,666,962
6%
Mar 2015
5
0%
$2,519,400
-27%
Mar 2010
5
0%
$3,471,800
127%
Mar 2007
5
baseline
$1,530,800
baseline
YTD 2017
16
-27%
$3,100,531
-2%
Date
© Westside Estate Agency
11
90049 Avg. Price Per Transaction
Price in millions
March 2017
Month AVG.
YTD AVg.
Number of Sales
5
HHHHHHHHHHHH HHHHHHHHHHHH HHH
4
Avg. Price per transaction $
3
March 2007
2
Mar 2007
3,992,407
2010
2015
2016
2017
number of sales 2017 2016 2015 2010 2007
Number of Sales
HHHHHHHHHHHHH HH Avg. Price per transaction $
2,890,429
March 2017 vs 2007 +93% Sales
+38% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
27
29%
$3,992,407
34%
Mar 2016
21
5%
$2,972,214
-27%
Mar 2015
20
-13%
$4,084,075
68%
Mar 2010
23
64%
$2,431,957
-16%
Mar 2007
14
baseline
$2,890,429
baseline
YTD 2017
66
27%
$4,190,750
47%
Date
© Westside Estate Agency
12
90025 Avg. Price Per Transaction
Price in millions
March 2017
Month AVG.
YTD AVg.
Number of Sales
3.0
HHHHH
2.5 2.0
Avg. Price per transaction 1.5
$
1.0
March 2007
0.5
Mar
2,977,800
2007
2010
2015
2016
2017
number of sales
Number of Sales
H 2017
Avg. Price per transaction
2016
$
2015 2010 2007
575,000
March 2017 vs 2007 +400% Sales
+418% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
5
-17%
$2,977,800
136%
Mar 2016
6
0%
$1,260,167
2%
Mar 2015
6
20%
$1,239,167
13%
Mar 2010
5
400%
$1,098,200
91%
Mar 2007
1
baseline
$575,000
baseline
YTD 2017
14
-13%
$2,006,286
40%
Date
© Westside Estate Agency
13
90402 Avg. Price Per Transaction
March 2017
Month AVG.
YTD AVg.
Number of Sales
Price in millions
6
HHHHHHHHHHHH
5
Avg. Price per transaction
4
$ 3
March 2007
2
Mar
2,347,667
2007
2010
2015
2016
2017
Number of Sales
HHHHH
number of sales 2017
Avg. Price per transaction
2016
$
2015 2010 2007
2,932,500
March 2017 vs 2007 +140% Sales
-20% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
12
9%
$2,347,667
-56%
Mar 2016
11
83%
$5,308,273
34%
Mar 2015
6
-25%
$3,954,167
91%
Mar 2010
8
60%
$2,065,000
-30%
Mar 2007
5
baseline
$2,932,500
baseline
YTD 2017
25
-14%
$3,604,080
-23%
Date
© Westside Estate Agency
14
90005 Avg. Price Per Transaction
Price in millions
March 2017
Month AVG.
YTD AVg.
Number of Sales
3.5
HH 3.0 2.5
Avg. Price per transaction
2.0
$
1.5
March 2007
1.0
Mar 2007
1,982,500
2010
2015
2016
2017
Number of sales
number of sales 2017
Avg. Price per transaction
2016
$
2015 2010 2007
1,350,000
March 2017 vs 2007 +100% Sales
+47% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
2
-33%
$1,982,500
2%
Mar 2016
3
-57%
$1,946,667
1%
Mar 2015
7
600%
$1,925,714
-21%
Mar 2010
1
0%
$2,450,000
81%
Mar 2007
1
baseline
$1,350,000
baseline
YTD 2017
8
-11%
$2,961,250
60%
Date
© Westside Estate Agency
15
90027 Avg. Price Per Transaction
March 2017
Month AVG.
YTD AVg.
Price in millions
Number of Sales 4.0
HHHHHHHHH
3.5 3.0 2.5
Avg. Price per transaction
2.0
$
1.5 1.0
March 2007
0.5
Mar
3,798,667
2007
2010
2015
2016
2017
Number of Sales
HHHHHHH
number of sales 2017
Avg. Price per transaction
2016
$
2015 2010 2007
1,067,143
March 2017 vs 2007 +29% Sales
+256% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
9
-36%
$3,798,667
85%
Mar 2016
14
17%
$2,056,393
45%
Mar 2015
12
9%
$1,422,500
51%
Mar 2010
11
57%
$944,364
-12%
Mar 2007
7
baseline
$1,067,143
baseline
YTD 2017
28
-35%
$2,480,825
29%
Date
© Westside Estate Agency
16
90064 Avg. Price Per Transaction
Price in millions
March 2017
Month AVG.
YTD AVg.
Number of Sales
3.0
HHHHHHHHHHHH HHHHHHHHHHHH H
2.5
2.0
Avg. Price per transaction
2,940,564
$ 1.5
March 2007
1.0
Mar 2007
2010
2015
2016
2017
Number of Sales
HHHHHHHHHHH
number of sales 2017
Avg. Price per transaction
2016
$
2015 2010 2007
1,157,727
March 2017 vs 2007 +127% Sales
+154% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
25
39%
$2,940,564
76%
Mar 2016
18
200%
$1,671,056
53%
Mar 2015
6
-33%
$1,092,917
-1%
Mar 2010
9
-18%
$1,106,611
-4%
Mar 2007
11
baseline
$1,157,727
baseline
YTD 2017
59
31%
$2,179,476
33%
Date
© Westside Estate Agency
17
90291 Avg. Price Per Transaction
Price in millions
March 2017
Month AVG.
YTD AVg.
Number of Sales
8
HHHHHHHHHHHH HHHHHHHHHHHH HHH
7 6 5
Avg. Price per transaction
4
$
3 2
March 2007
1
Mar 2007
6,128,574
2010
2015
2016
2017
Number of Sales
HHHHHHHHHHH
number of sales 2017 2016 2015 2010 2007
Avg. Price per transaction $
1,493,818
March 2017 vs 2007 +145% Sales
+310% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
27
80%
$6,128,574
209%
Mar 2016
15
0%
$1,985,540
2%
Mar 2015
15
7%
$1,954,767
79%
Mar 2010
14
27%
$1,089,393
-27%
Mar 2007
11
baseline
$1,493,818
baseline
YTD 2017
52
30%
$4,069,567
100%
Date
© Westside Estate Agency
18
90292 Avg. Price Per Transaction
Price in millions
March 2017
Month AVG.
YTD AVg.
Number of Sales
3.0
HHHHH 2.5
Avg. Price per transaction
2.0
$ 1.5
March 2007
1.0
Mar
2,998,600
2007
2010
2015
2016
2017
number of sales
Number of Sales
HHH 2017 2016 2015 2010 2007
Avg. Price per transaction
1,891,667 March 2017 vs 2007 +67% Sales
+59% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
5
67%
$2,998,600
59%
Mar 2016
3
-40%
$1,890,500
-18%
Mar 2015
5
150%
$2,292,000
39%
Mar 2010
2
-33%
$1,648,250
-13%
Mar 2007
3
baseline
$1,891,667
baseline
YTD 2017
10
0%
$2,650,700
43%
Date
© Westside Estate Agency
19
90293 Avg. Price Per Transaction
March 2017
Month AVG.
YTD AVg.
Number of Sales
Price in millions
2.5
HHHHHHHH 2.0 1.5
Avg. Price per transaction
1.0
$
0.5
March 2007
0.0
Mar
2,006,875
2007
2010
2015
2016
2017
Number of Sales
HH
number of sales 2017
Avg. Price per transaction
2016
$
2015 2010 2007
1,547,500
March 2017 vs 2007 +300% Sales
+30% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
8
60%
$2,006,875
9%
Mar 2016
5
-17%
$1,840,300
-3%
Mar 2015
6
N/A
$1,903,167
N/A
Mar 2010
0
-100%
N/A
-100%
Mar 2007
2
baseline
$1,547,500
baseline
YTD 2017
13
18%
$1,719,923
12%
Date
© Westside Estate Agency
20
Miami market view
metro Miami overview avg. Price Per Transaction
Number of Sales
3.0
Price in millions
H = 20
March 2017
Month AVG.
YTD AVg.
HHHHHHHH 2.5
AVg. Price per transaction $
2.0
2,592,874 H = 20
March 2007 1.5
Mar
Number of Sales 2007
2010
2015
2016
2017
HHHHHHH
number of sales avg. Price per transaction 2017 2016 2015 2010
$
1,929,945
March 2017 vs 2007 +15% Sales
+34% Price
2007
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Mar 2017
164
-21%
$2,592,874
6%
Mar 2016
160
-23%
$2,422,568
-1%
Mar 2015
208
1%
$2,445,055
9%
Mar 2010
109
-23%
$2,054,214
6%
Mar 2007
142
baseline
$1,929,945
baseline
YTD 2017
396
-25%
$2,456,218
6%
Date
© Westside Estate Agency
21
YEAR TO DATE SALES OF 2007
2010
2015
Zip Code
Sales
Average Price
Sales
Δ vs ‘07
Average Price
Δ vs ‘07
Sales
Δ vs ‘10
Average Price
Δ vs ‘10
90210
30
$4,726,167
38
27%
$4,341,829
-8%
66
74%
$6,363,765
47%
90211
5
$1,788,600
4
-20%
$1,320,000
-26%
6
50%
$2,170,917
64%
90069
14
$1,890,714
14
0%
$1,932,821
2%
41
193%
$3,609,732
87%
90077
10
$1,638,700
14
40%
$2,565,643
57%
32
129%
$6,967,000
172%
90046
27
$1,441,741
34
26%
$1,003,426
-30%
60
76%
$2,092,425
109%
90265
33
$6,206,636
18
-45%
$3,479,972
-44%
59
228%
$6,042,203
74%
90272
33
$2,636,864
51
55%
$2,583,873
-2%
55
8%
$3,724,331
44%
90024
11
$3,446,545
10
-9%
$2,727,800
-21%
13
30%
$2,834,962
4%
90049
27
$2,964,296
49
81%
$2,456,714
-17%
49
0%
$3,911,633
59%
90025
7
$923,286
7
0%
$1,049,429
14%
15
114%
$1,273,867
21%
90402
10
$3,591,750
15
50%
$2,026,067
-44%
16
7%
$4,280,688
111%
90005
2
$3,065,000
9
350%
$1,274,222
-58%
15
67%
$2,223,733
75%
90027
15
$1,269,333
19
27%
$916,263
-28%
33
74%
$1,635,121
78%
90064
25
$1,056,460
19
-24%
$1,129,816
7%
34
79%
$1,391,971
23%
90291
19
$1,361,316
23
21%
$1,045,283
-23%
35
52%
$1,912,257
83%
90292
5
$2,220,600
6
20%
$1,451,500
-35%
13
117%
$2,403,846
66%
90293
4
$1,410,000
4
0%
$1,385,500
-2%
15
275%
$1,693,033
22%
Miami
324
$1,886,330
222
-31%
$1,907,585
1%
530
2%
$2,313,370
6%
22
PROPERTIES OF $1M OR MORE 2016
Δ 2007 vs 2017
2017
Sales
Δ vs ‘15
Average Price
Δ vs ‘15
Sales
Δ vs ‘16
Average Price
Δ vs ‘16
Sales
Average Price
59
-11%
$5,146,686
-19%
56
-5%
$6,992,411
36%
87%
48%
7
17%
$2,129,286
-2%
8
14%
$2,877,375
35%
60%
61%
40
-2%
$5,027,088
39%
36
-10%
$3,815,903
-24%
157%
102%
24
-25%
$5,093,875
-27%
28
17%
$6,185,143
21%
180%
277%
83
38%
$1,755,369
-16%
65
-22%
$2,534,892
44%
141%
76%
55
-7%
$4,814,965
-20%
50
-9%
$4,300,050
-11%
52%
-31%
60
9%
$3,430,467
-8%
70
17%
$3,787,971
10%
112%
44%
22
69%
$3,149,407
11%
16
-27%
$3,100,531
-2%
45%
-10%
52
6%
$2,841,394
-27%
66
27%
$4,190,750
47%
144%
41%
16
7%
$1,433,375
13%
14
-13%
$2,006,286
40%
100%
117%
29
81%
$4,695,948
10%
25
-14%
$3,604,080
-23%
150%
0%
9
-40%
$1,852,631
-17%
8
-11%
$2,961,250
60%
300%
-3%
43
30%
$1,922,081
18%
28
-35%
$2,480,825
29%
87%
95%
45
32%
$1,639,649
18%
59
31%
$2,179,476
33%
136%
106%
40
14%
$2,039,315
7%
52
30%
$4,069,567
100%
174%
199%
10
-23%
$1,849,150
-23%
10
0%
$2,650,700
43%
100%
19%
11
-27%
$1,535,955
-9%
13
18%
$1,719,923
12%
225%
22%
456
-14%
$2,243,211
-3%
396
-25%
$2,456,218
6%
64%
23%
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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.
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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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