WEA Micro Market Report - November 2016

Micro Market Report Los Angeles & Miami Issue #21 12/15/16 for 11/15/16 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 The trump effect Since my last letter, we have elected a new President of the United States. Whether you are for or against him, Donald Trump will be our new President come mid-January.

It seems quite clear that our POTUS-elect has chosen to put successful businessmen in positions to advise and direct our country’s finances. I was told today that America’s economy is the biggest business in the world. Therefore, why wouldn’t Trump hire the most successful and brightest business people to run the government? The Obama Administration went the other way and specifically avoided placing business people in his government and advisory positions.

Social issues aside, I think the Trump Administration will be good for business and will dramatically increase the economy. This will go a long way to stabilize and increase residential real estate values.

Additionally, any possible tax cuts in capital gains and ordinary income tax rates will also have a positive influence.

One potential problem could be interest rates. Rates have been at or near historic levels for years, but if the GNP increases then we will see a consistent rise in interest rates. This increase will certainly have an effect on first time or average price homebuyers as well as developers relying on bank loans to finance their projects.

The best we can all do is support our new leaders and wish them and our country well. Looking outside our country, it is evident that the United States is the most secure economy in the world in which to invest.

Go U.S.A. Stephen Shapiro Co-Founder, Westside Estate Agency 3

90210 Avg. Price Per Transaction

NOVEMBER 2016

8

Number of Sales

Price in millions

7

HHHHHHHHHHHH HHHHHHHHHHHH H

6 5 4 3

Avg. Price per transaction

2

$

1 0

NOV

2007

2010

2014

2015

2016

6,047,080

NOVEMBER 2007 Number of Sales

number of sales

HHHHH Avg. Price per transaction $

3,437,000

NOVEMBER 2016 vs 2007 NOV

2007

2010

2014

2015

2016

+400% Sales

+76% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

25

39%

$6,047,080

8%

NOV 2015

18

38%

$5,616,111

-10%

NOV 2014

13

225%

$6,219,269

136%

NOV 2010

4

-20%

$2,631,750

-23%

NOV 2007

5

baseline

$3,437,000

baseline

YTD 2016

233

11%

$5,838,311

-10%

Date

© Westside Estate Agency

4

90211 Price in millions

Avg. Price Per Transaction

NOVEMBER 2016

2.5

Number of Sales

2.0

HH

1.5

Avg. Price per transaction

1.0

$

0.5 0.0

NOV

2,321,500

NOVEMBER 2007 2007

2010

2014

2015

2016

Number of sales

number of sales

Avg. Price per transaction

Not Avail.

NOVEMBER 2016 vs 2007 NOV 2007

2010

2014

2015

2016

+/-0% Sales

+/-0% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

2

0%

$2,321,500

8%

NOV 2015

2

100%

$2,147,500

3%

NOV 2014

1

-50%

$2,088,000

62%

NOV 2010

2

N/A

$1,288,000

N/A

NOV 2007

0

baseline

0

baseline

YTD 2016

23

-21%

$2,072,870

1%

Date

© Westside Estate Agency

5

90069 Avg. Price Per Transaction

NOVEMBER 2016

Price in millions

4.0

Number of Sales

3.5

HHHHHHHHHHH

3.0 2.5 2.0 1.5

Avg. Price per transaction

1.0

$

0.5 0.0

NOV 2007

2010

2014

2015

2016

2,569,545

NOVEMBER 2007 Number of Sales

number of sales

HH Avg. Price per transaction $

1,700,000

NOVEMBER 2016 vs 2007 NOV 2007

2010

2014

2015

2016

+450% Sales

+51% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

11

38%

$2,569,545

-27%

NOV 2015

8

60%

$3,523,250

43%

NOV 2014

5

25%

$2,467,000

10%

NOV 2010

4

100%

$2,241,125

32%

NOV 2007

2

baseline

$1,700,000

baseline

YTD 2016

126

14%

$3,751,708

2%

Date

© Westside Estate Agency

6

90077 Avg. Price Per Transaction

NOVEMBER 2016

Price in millions

8

Number of Sales

7

HHHHHHHHHH

6 5 4 3

Avg. Price per transaction

2

$

1 0

NOV

2007

2010

2014

2015

2016

3,093,216

NOVEMBER 2007 Number of Sales

number of sales

HHHHHH Avg. Price per transaction $

2,271,769

NOVEMBER 2016 vs 2007 NOV 2007

2010

2014

2015

2016

+67% Sales

+36% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

10

150%

$3,093,216

-9%

NOV 2015

4

-50%

$3,381,125

-49%

NOV 2014

8

100%

$6,609,375

18%

NOV 2010

4

-33%

$5,604,375

147%

NOV 2007

6

baseline

$2,271,769

baseline

YTD 2016

98

13%

$4,717,078

-23%

Date

© Westside Estate Agency

7

90046 Avg. Price Per Transaction

NOVEMBER 2016

Price in millions

2.5

Number of Sales

HHHHHHHHHHHH HHHHHHHHH

2.0 1.5

Avg. Price per transaction

1.0

$ 0.5 0.0

NOV 2007

2010

2014

2015

2016

1,669,522

NOVEMBER 2007 Number of Sales

number of sales

HH Avg. Price per transaction $

807,500

NOVEMBER 2016 vs 2007 NOV 2007

2010

2014

2015

2016

+950% Sales

+107% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

21

5%

$1,669,522

1%

NOV 2015

20

25%

$1,657,150

-17%

NOV 2014

16

60%

$2,004,719

47%

NOV 2010

10

400%

$1,360,250

68%

NOV 2007

2

baseline

$807,500

baseline

YTD 2016

247

9%

$1,812,203

6%

Date

© Westside Estate Agency

8

90265 Avg. Price Per Transaction

NOVEMBER 2016

Price in millions

5

Number of Sales

HHHHHHHHHHHH HHHHHH

4 3

Avg. Price per transaction

2

$

1 0

NOV 2007

2010

2014

2015

2016

4,248,611

NOVEMBER 2007 Number of Sales

number of sales

HHHHHHH Avg. Price per transaction $

2,631,714

NOVEMBER 2016 vs 2007 NOV 2007

2010

2014

2015

2016

+157% Sales

+61% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

18

50%

$4,248,611

-15%

NOV 2015

12

-29%

$4,986,875

47%

NOV 2014

17

143%

$3,384,549

89%

NOV 2010

7

0%

$1,791,000

-32%

NOV 2007

7

baseline

$2,631,714

baseline

YTD 2016

197

38%

$4,303,921

4%

Date

© Westside Estate Agency

9

90272 Avg. Price Per Transaction

NOVEMBER 2016 Number of Sales

Price in millions

5

HHHHHHHHHHHH HHHHHHHHH

4 3

Avg. Price per transaction

2

$ 1 0

NOV

2007

2010

2014

2015

2016

4,105,024

NOVEMBER 2007 Number of Sales

number of sales

HHHHHHHHH Avg. Price per transaction $

2,359,056

NOVEMBER 2016 vs 2007 NOV

2007

2010

2014

2015

2016

+133% Sales

+74% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

21

110%

$4,105,024

61%

NOV 2015

10

11%

$2,554,500

-15%

NOV 2014

9

13%

$2,995,278

63%

NOV 2010

8

-11%

$1,836,875

-22%

NOV 2007

9

baseline

$2,359,056

baseline

YTD 2016

246

24%

$3,539,740

5%

Date

© Westside Estate Agency

10

90024 Avg. Price Per Transaction

NOVEMBER 2016

Price in millions

10

Number of Sales

HHHHHHHHH

8 6

Avg. Price per transaction

4

$

2 0

NOV 2007

2010

2014

2015

2016

2,614,667

NOVEMBER 2007 Number of Sales

number of sales

Avg. Price per transaction

Not Avail.

NOVEMBER 2016 vs 2007 NOV 2007

2010

2014

2015

2016

+/-0% Sales

+/-0% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

9

350%

$2,614,667

-71%

NOV 2015

2

-50%

$9,111,000

332%

NOV 2014

4

-20%

$2,110,750

-47%

NOV 2010

5

N/A

$4,011,000

N/A

NOV 2007

0

baseline

0

baseline

YTD 2016

84

68%

$5,230,616

76%

Date

© Westside Estate Agency

11

90049 Avg. Price Per Transaction

NOVEMBER 2016

Price in millions

6

Number of Sales

HHHHHHHHHHHH HHHHHHHHHHH

5 4 3

Avg. Price per transaction

2

$

1 0

NOV 2007

2010

2014

2015

2016

5,137,630

NOVEMBER 2007 Number of Sales

number of sales

HH Avg. Price per transaction $

3,150,000

NOVEMBER 2016 vs 2007 NOV

2007

2010

2014

2015

2016

+1050% Sales

+63% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

23

15%

$5,137,630

23%

NOV 2015

20

0%

$4,160,625

59%

NOV 2014

20

122%

$2,615,850

6%

NOV 2010

9

350%

$2,473,222

-21%

NOV 2007

2

baseline

$3,150,000

baseline

YTD 2016

245

23%

$3,596,649

-2%

Date

© Westside Estate Agency

12

90025 Avg. Price Per Transaction

NOVEMBER 2016

Price in millions

2.0

Number of Sales

HH

1.5

1.0

Avg. Price per transaction $

0.5

0.0

NOV

2007

2010

2014

2015

2016

1,514,000

NOVEMBER 2007 Number of Sales

number of sales

HHHHH Avg. Price per transaction $

1,763,100

NOVEMBER 2016 vs 2007 NOV 2007

2010

2014

2015

2016

-60% Sales

-14% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

2

-60%

$1,514,000

-8%

NOV 2015

5

25%

$1,637,000

25%

NOV 2014

4

300%

$1,306,750

49%

NOV 2010

1

-80%

$879,000

-50%

NOV 2007

5

baseline

$1,763,100

baseline

YTD 2016

61

11%

$1,435,090

0%

Date

© Westside Estate Agency

13

90402 Price in millions

Avg. Price Per Transaction

NOVEMBER 2016

6

Number of Sales

5

HHHHHHH

4 3

Avg. Price per transaction

2

$

1 0

NOV

2007

2010

2014

2015

2016

3,904,714

NOVEMBER 2007 Number of Sales

number of sales

HHHHH Avg. Price per transaction $

3,212,000

NOVEMBER 2016 vs 2007 NOV

2007

2010

2014

2015

2016

+40% Sales

+22% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

7

-13%

$3,904,714

-22%

NOV 2015

8

167%

$5,007,438

5%

NOV 2014

3

-40%

$4,778,333

186%

NOV 2010

5

0%

$1,673,000

-48%

NOV 2007

5

baseline

$3,212,000

baseline

YTD 2016

83

22%

$4,477,464

5%

Date

© Westside Estate Agency

14

90005 Avg. Price Per Transaction

NOVEMBER 2016

Price in millions

3.0

Number of Sales

HHH

2.5 2.0 1.5

Avg. Price per transaction

1.0

$

0.5 0.0

NOV 2007

2010

2014

2015

2016

1,270,163

NOVEMBER 2007 Number of sales

number of sales

Avg. Price per transaction

Not Avail.

NOVEMBER 2016 vs 2007 NOV

2007

2010

2014

2015

2016

+/-0% Sales

+/-0% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

3

50%

$1,270,163

15%

NOV 2015

2

100%

$1,100,000

0%

NOV 2014

1

0%

$1,100,000

-63%

NOV 2010

1

N/A

$3,000,000

N/A

NOV 2007

0

baseline

0

baseline

YTD 2016

34

17%

$1,798,343

-14%

Date

© Westside Estate Agency

15

90027 Avg. Price Per Transaction

NOVEMBER 2016 Number of Sales

Price in millions

2.5

HHHHHH

2.0 1.5

Avg. Price per transaction

1.0

$ 0.5

NOVEMBER 2007

0.0

NOV

1,781,500

2007

2010

2014

2015

2016

Number of Sales

number of sales

HHH Avg. Price per transaction $

2,416,667

NOVEMBER 2016 vs 2007 NOV 2007

2010

2014

2015

2016

+100% Sales

-26% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

6

-40%

$1,781,500

-5%

NOV 2015

10

-38%

$1,873,850

36%

NOV 2014

16

167%

$1,379,063

89%

NOV 2010

6

100%

$728,083

-70%

NOV 2007

3

baseline

$2,416,667

baseline

YTD 2016

147

18%

$1,593,087

7%

Date

© Westside Estate Agency

16

90064 Avg. Price Per Transaction

NOVEMBER 2016

Price in millions

2.5

Number of Sales

HHHHHHHHHHHH HHHHHHHHHHHH H

2.0 1.5

Avg. Price per transaction

1.0

$ 0.5 0.0

1,631,160

NOVEMBER 2007

NOV 2007

2010

2014

2015

2016

Number of Sales

number of sales

HHHHHHH Avg. Price per transaction $

1,701,571

NOVEMBER 2016 vs 2007 NOV

2007

2010

2014

2015

2016

+257% Sales

-4% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

25

56%

$1,631,160

19%

NOV 2015

16

78%

$1,373,813

-11%

NOV 2014

9

80%

$1,549,045

23%

NOV 2010

5

-29%

$1,256,100

-26%

NOV 2007

7

baseline

$1,701,571

baseline

YTD 2016

201

42%

$1,752,381

20%

Date

© Westside Estate Agency

17

90291 Price in millions

Avg. Price Per Transaction

NOVEMBER 2016

2.5

Number of Sales

2.0

HHHHHHHHHHHH HHHHHH

1.5

Avg. Price per transaction

1.0

$ 0.5 0.0

NOV 2007

2,203,556

NOVEMBER 2007 2010

2014

2015

2016

Number of Sales

number of sales

H Avg. Price per transaction $

1,975,000

NOVEMBER 2016 vs 2007 NOV 2007

2010

2014

2015

2016

+1700% Sales

+12% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

18

50%

$2,203,556

6%

NOV 2015

12

0%

$2,083,000

18%

NOV 2014

12

140%

$1,768,667

15%

NOV 2010

5

400%

$1,538,100

-22%

NOV 2007

1

Baseline

$1,975,000

Baseline

YTD 2016

161

13%

$1,997,867

1%

Date

© Westside Estate Agency

18

90292 Price in millions

Avg. Price Per Transaction

NOVEMBER 2016

4.0

Number of Sales

3.5

HHH

3.0 2.5 2.0

Avg. Price per transaction

1.5

$

1.0 0.5 0.0

NOV

2007

2010

2014

2015

2016

2,294,667

NOVEMBER 2007 Number of Sales

number of sales

H Avg. Price per transaction $

1,800,000

NOVEMBER 2016 vs 2007 NOV

2007

2010

2014

2015

2016

+200% Sales

+27% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

3

0%

$2,294,667

-41%

NOV 2015

3

-40%

$3,882,333

59%

NOV 2014

5

400%

$2,447,000

163%

NOV 2010

1

0%

$930,000

-48%

NOV 2007

1

baseline

$1,800,000

baseline

YTD 2016

31

15%

$2,137,597

-10%

Date

© Westside Estate Agency

19

90293 Price in millions

Avg. Price Per Transaction

NOVEMBER 2016

1.5

Number of Sales

1.2

HHHHHH

0.9

Avg. Price per transaction

0.6

$ 0.3 0.0

NOV

2007

2010

2014

2015

2016

1,376,667

NOVEMBER 2007 Number of Sales

number of sales

Avg. Price per transaction

Not Avail.

NOVEMBER 2016 vs 2007 NOV

2007

2010

2014

2015

2016

+/0% Sales

+/-0% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

6

200%

$1,376,667

36%

NOV 2015

2

0%

$1,012,500

-18%

NOV 2014

2

100%

$1,227,500

136%

NOV 2010

1

N/A

$520,000

N/A

NOV 2007

0

baseline

N/A

baseline

YTD 2016

39

22%

$1,502,051

-19%

Date

© Westside Estate Agency

20

Miami market view

metro Miami overview avg. Price Per Transaction

NOVEMBER 2016

Price in millions

2.5

Number of Sales

HHHHHH

2.0

AVg. Price per transaction

1.5

$ 1.0

2,208,015

0.5

NOVEMBER 2007

0.0

Number of Sales

NOV

H = 20

2007

2010

2014

2015

2016

H = 20

HHHH

number of sales avg. Price per transaction $

2,092,532

NOVEMBER 2016 vs 2007 NOV 2007

2010

2014

2015

2016

+45% Sales

+6% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

NOV 2016

113

-6%

$2,208,015

3%

NOV 2015

120

-3%

$2,149,947

-6%

NOV 2014

124

94%

$2,284,858

11%

NOV 2010

64

-18%

$2,066,280

-1%

NOV 2007

78

baseline

$2,092,532

baseline

YTD 2016

1608

-17%

$2,276,920

-1%

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

69

$4,840,305

85

23%

$4,774,272

-1%

174

105%

$5,366,190

12%

90211

8

$1,595,752

17

113%

$1,487,353

-7%

24

41%

$1,769,521

19%

90069

42

$2,498,476

40

-5%

$2,132,063

-15%

84

110%

$3,690,506

73%

90077

40

$3,368,980

45

13%

$2,368,944

-30%

72

60%

$6,667,632

181%

90046

59

$1,753,491

80

36%

$1,045,050

-40%

180

125%

$1,722,722

65%

90265

62

$5,770,202

62

0%

$3,919,758

-32%

132

113%

$3,651,090

-7%

90272

84

$3,044,863

106

26%

$2,296,906

-25%

191

80%

$3,451,661

50%

90024

20

$2,041,550

30

50%

$2,293,717

12%

62

107%

$5,647,640

146%

90049

64

$3,015,258

109

70%

$2,202,954

-27%

167

53%

$3,330,806

51%

90025

20

$1,209,075

24

20%

$978,688

-19%

33

38%

$1,339,788

37%

90402

25

$3,190,080

47

88%

$2,445,926

-23%

55

17%

$4,087,827

67%

90005

4

$1,547,500

10

150%

$1,087,400

-30%

15

50%

$1,612,867

48%

90027

38

$1,329,806

43

13%

$1,008,256

-24%

108

151%

$1,600,491

59%

90064

71

$1,303,218

76

7%

$1,107,395

-15%

133

75%

$1,419,284

28%

90291

47

$1,304,532

61

30%

$1,045,098

-20%

126

107%

$1,817,313

74%

90292

7

$1,723,571

14

100%

$1,611,143

-7%

29

107%

$2,072,245

29%

90293

4

$1,745,125

16

300%

$1,310,938

-25%

26

63%

$1,277,538

-3%

Miami

1150

$2,004,231

899

-22%

$1,936,677

-3%

2030

126%

$2,216,560

14%

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

210

21%

$6,513,547

21%

233

11%

$5,838,311

-10%

238%

21%

29

21%

$2,051,948

16%

23

-21%

$2,072,870

1%

188%

30%

111

32%

$3,668,883

-1%

126

14%

$3,751,708

2%

200%

50%

87

21%

$6,113,236

-8%

98

13%

$4,717,078

-23%

145%

40%

227

26%

$1,709,335

-1%

247

9%

$1,812,203

6%

319%

3%

143

8%

$4,157,041

14%

197

38%

$4,303,921

4%

218%

-25%

199

4%

$3,378,602

-2%

246

24%

$3,539,740

5%

193%

16%

50

-19%

$2,970,370

-47%

84

68%

$5,230,616

76%

320%

156%

199

19%

$3,664,672

10%

245

23%

$3,596,649

-2%

283%

19%

55

67%

$1,428,846

7%

61

11%

$1,435,090

0%

205%

19%

68

24%

$4,255,464

4%

83

22%

$4,477,464

5%

232%

40%

29

93%

$2,088,586

29%

34

17%

$1,798,343

-14%

750%

16%

125

16%

$1,493,421

-7%

147

18%

$1,593,087

7%

287%

20%

142

7%

$1,464,317

3%

201

42%

$1,752,381

20%

183%

34%

142

13%

$1,968,528

8%

161

13%

$1,997,867

1%

243%

53%

27

-7%

$2,381,963

15%

31

15%

$2,137,597

-10%

343%

24%

32

23%

$1,848,060

45%

39

22%

$1,502,051

-19%

875%

-14%

1929

-5%

$2,296,490

4%

1608

-17%

$2,276,920

-1%

68%

15%

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

25