Westside Estate Agency Micro Market Report 12/15 for 11/15 Statistics

Micro Market Report Los Angeles & Miami Issue #9 12/15 for 11/15 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

November 2015

8

Number of Sales

Price in millions

7

HHHHHHHHHHHH HHHHHHHHHHHH

6 5 4

Avg. Price per transaction

3

$

2 1 0

Nov.

2007

2010

2014

2015

5,732,504

November 2007 Number of Sales

number of sales

HHHHH Avg. Price per transaction $

3,431,000

November 2015 vs 2007 Nov.

2007

2010

2014

2015

+380% Sales

+67% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Nov. 2015

24

+50%

$5,732,504

0%

Nov. 2014

16

+220%

$5,721,156

-9%

Nov. 2010

5

0%

$6,305,400

+84%

Nov. 2007

5

baseline

$3,431,000

baseline

280

+28%

$6,310,156

+21%

Date

YTD 2015

© Westside Estate Agency

3

90211 Avg. Price Per Transaction

November 2015

Price in millions

2.5

Number of Sales

HH

2.0

Avg. Price per transaction $

1.5

2,147,500

1.0 0.5 0.0

Nov.

2007

2010

2014

2015

November 2007 Number of sales

number of sales

Avg. Price per transaction

Not Avail.

November 2015 vs 2007 Nov. 2007

2010

2014

2015

+/-0% Sales

+/-0% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Nov. 2015

2

+100%

$2,147,500

+3%

Nov. 2014

1

-50%

$2,088,000

+62%

Nov. 2010

2

0%

$1,288,000

0%

Nov. 2007

0

baseline

0

baseline

YTD 2015

38

41%

$2,179,882

24%

Date

© Westside Estate Agency

4

90069 Avg. Price Per Transaction

November 2015

3.5

Number of Sales

Price in millions

3.0

HHHHHHHHH

2.5 2.0 1.5

Avg. Price per transaction

1.0

$

0.5

3,454,000

0.0

Nov. 2007

2010

2014

2015

November 2007 Number of Sales

number of sales

HHH Avg. Price per transaction $

2,583,333

November 2015 vs 2007 Nov. 2007

2010

2014

2015

+200% Sales

+34% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Nov. 2015

9

+50%

$3,454,000

+47%

Nov. 2014

6

+50%

$2,357,500

+5%

Nov. 2010

4

+33%

$2,241,125

-13%

Nov. 2007

3

baseline

$2,583,333

baseline

143

+34%

$3,665,780

+2%

Date

YTD 2015

© Westside Estate Agency

5

90077 Avg. Price Per Transaction

November 2015

Price in millions

8

Number of Sales

7

HHHHHH

6 5 4

Avg. Price per transaction

3

$

2 1

0

3,369,333

November 2007

Nov. 2007

2010

2014

2015

Number of Sales

number of sales

HHHHHHH Avg. Price per transaction $

2,204,945

November 2015 vs 2007 Nov. 2007

2010

2014

2015

-14% Sales

+53% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Nov. 2015

6

-14%

$3,369,333

-53%

Nov. 2014

7

+75%

$7,210,714

+29%

Nov. 2010

4

-43%

$5,604,375

+154%

Nov. 2007

7

baseline

$2,204,945

baseline

120

+46%

$5,600,948

-16%

Date

YTD 2015

© Westside Estate Agency

6

90046 Avg. Price Per Transaction

November 2015

Price in millions

2.0

Number of Sales

HHHHHHHHHHHH HHHHHHHHHHH

1.5

1.0

Avg. Price per transaction $

0.5

0.0

1,587,435

November 2007

Nov. 2007

2010

2014

2015

number of sales

Number of Sales

HH Avg. Price per transaction $

807,500

November 2015 vs 2007 Nov. 2007

2010

2014

2015

+1,050% Sales

+97% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Nov. 2015

23

+44%

$1,587,435

-18%

Nov. 2014

16

+60%

$1,942,844

+43%

Nov. 2010

10

+400%

$1,360,250

+68%

Nov. 2007

2

baseline

$807,500

baseline

300

+30%

$1,777,878

0%

Date

YTD 2015

© Westside Estate Agency

7

90265 Avg. Price Per Transaction

November 2015

Price in millions

5

Number of Sales

HHHHHHHHHHHH HHHHHHH

4 3

Avg. Price per transaction

2

$ 1 0

4,526,447

November 2007

Nov. 2007

2010

2014

2015

number of sales

Number of Sales

HHHHHHH Avg. Price per transaction $

2,631,714

November 2015 vs 2007 Nov.

2007

2010

2014

2015

+171% Sales

+72% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Nov. 2015

19

-5%

$4,526,447

+42%

Nov. 2014

20

+186%

$3,191,116

+78%

Nov. 2010

7

0%

$1,791,000

-32%

Nov. 2007

7

baseline

$2,631,714

baseline

209

+26%

$4,662,039

+20%

Date

YTD 2015

© Westside Estate Agency

8

90272 Avg. Price Per Transaction

November 2015

Price in millions

3.0

Number of Sales

2.5

HHHHHHHHHHHH H

2.0 1.5 1.0

Avg. Price per transaction

0.5

$

0.0

Nov. 2007

2010

2014

2015

2,434,423

November 2007 Number of Sales

number of sales

HHHHHHHHHH Avg. Price per transaction $

2,436,650

November 2015 vs 2007 Nov.

2007

2010

2014

2015

30% Sales

0% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Nov. 2015

13

+18%

$2,434,423

-12%

Nov. 2014

11

+10%

$2,768,318

+50%

Nov. 2010

10

0%

$1,848,000

-24%

Nov. 2007

10

baseline

$2,436,650

baseline

254

+4%

$3,557,816

+7%

Date

YTD 2015

© Westside Estate Agency

9

90024 Avg. Price Per Transaction

November 2015

Price in millions

10

Number of Sales

HH

8

Avg. Price per transaction

6

$

4

9,111,000

2 0

Nov. 2007

2010

2014

2015

November 2007 Number of Sales

number of sales

Avg. Price per transaction

Not avail November 2015 vs 2007 Nov.

2007

2010

2014

2015

+/-0% Sales

+/-0% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Nov. 2015

2

-50%

$9,111,000

+332%

Nov. 2014

4

-20%

$2,110,750

-47%

Nov. 2010

5

0%

$4,011,000

0%

Nov. 2007

0

baseline

0

baseline

YTD 2015

68

-9%

$2,853,515

-37%

Date

© Westside Estate Agency

10

90049 Avg. Price Per Transaction

November 2015

Price in millions

4.0

Number of Sales

3.5

HHHHHHHHHHHH HHHHHHHHHHHH H

3.0 2.5 2.0

Avg. Price per transaction

1.5

$

1.0 0.5 0.0

Nov.

2007

2010

2014

2015

3,916,904

November 2007 Number of Sales

number of sales

HH Avg. Price per transaction $

3,150,000

November 2015 vs 2007 Nov.

2007

2010

2014

2015

+1,150% Sales

+24% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Nov. 2015

25

+9%

$3,916,904

+51%

Nov. 2014

23

+77%

$2,585,522

+16%

Nov. 2010

13

+550%

$2,227,538

-29%

Nov. 2007

2

baseline

$3,150,000

baseline

274

+36%

$3,840,150

+21%

Date

YTD 2015

© Westside Estate Agency

11

90025 Avg. Price Per Transaction

November 2015

Price in millions

2.0

Number of Sales

HHHHH

1.5

Avg. Price per transaction 1.0

$

1,637,000

0.5

0.0

Nov.

2007

2010

2014

2015

November 2007 Number of Sales

number of sales

HHHHH Avg. Price per transaction $

1,763,100

November 2015 vs 2007 Nov.

2007

2010

2014

2015

0% Sales

-7% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Nov. 2015

5

-29%

$1,637,000

+46%

Nov. 2014

7

+600%

$1,124,571

+28%

Nov. 2010

1

-80%

$879,000

-50%

Nov. 2007

5

baseline

$1,763,100

baseline

YTD 2015

73

+62%

$1,368,398

+6%

Date

© Westside Estate Agency

12

90402 Avg. Price Per Transaction

November 2015

Price in millions

5

Number of Sales

4

HHHHHHHHHHH

3

Avg. Price per transaction $

2

4,475,318

1 0

Nov. 2007

2010

2014

2015

November 2007 Number of Sales

number of sales

HHHHH Avg. Price per transaction $

3,186,000

November 2015 vs 2007 Nov.

2007

2010

2014

2015

+120% Sales

+40% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Nov. 2015

11

+175%

$4,475,318

+5%

Nov. 2014

4

-33%

$4,258,750

+97%

Nov. 2010

6

+20%

$2,160,833

-32%

Nov. 2007

5

baseline

$3,186,000

baseline

94

+29%

$4,154,644

+7%

Date

YTD 2015

© Westside Estate Agency

13

90005 Avg. Price Per Transaction

November 2015

Price in millions

3.0

Number of Sales

HH

2.5 2.0

Avg. Price per transaction $

1.5 1.0

1,225,000

0.5 0.0

Nov. 2007

2010

2014

2015

November 2007 Number of sales

number of sales

H Avg. Price per transaction $

1,695,000

November 2015 vs 2007 Nov.

2007

2010

2014

2015

+100% Sales

-28% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Nov. 2015

2

-33%

$1,225,000

+17%

Nov. 2014

3

+200%

$1,050,000

-65%

Nov. 2010

1

0%

$3,000,000

+77%

Nov. 2007

1

baseline

$1,695,000

baseline

43

+72%

$2,175,395

+46%

Date

YTD 2015

© Westside Estate Agency

14

90027 Avg. Price Per Transaction

November 2015

Price in millions

2.5

Number of Sales

2.0

HHHHHHHHHHH

1.5 1.0

Avg. Price per transaction

0.5

$

1,802,591

0.0

Nov. 2007

2010

2014

2015

November 2007 Number of Sales

number of sales

HHH Avg. Price per transaction $

2,416,667

November 2015 vs 2007 Nov. 2007

2010

2014

2015

+267% Sales

-25% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Nov. 2015

11

-27%

$1,802,591

+29%

Nov. 2014

15

+150%

$1,393,067

+91%

Nov. 2010

6

+100%

$728,083

-70%

Nov. 2007

3

baseline

$2,416,667

baseline

176

+41%

$1,600,500

-1%

Date

YTD 2015

© Westside Estate Agency

15

90064 Avg. Price Per Transaction

November 2015

Price in millions

2.0

Number of Sales

HHHHHHHHHHHH HHHHHHH

1.5

1.0

Avg. Price per transaction $

1,377,737

0.5

0.0

Nov. 2007

2010

2014

2015

November 2007 Number of Sales

number of sales

HHHHHHH Avg. Price per transaction $

1,701,571

November 2015 vs 2007 Nov.

2007

2010

2014

2015

+171% Sales

-19% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Nov. 2015

19

+46%

$1,377,737

-5%

Nov. 2014

13

+117%

$1,456,647

+17%

Nov. 2010

6

-14%

$1,246,750

-27%

Nov. 2007

7

baseline

$1,701,571

baseline

181

+12%

$1,481,283

+6%

Date

YTD 2015

© Westside Estate Agency

16

90291 Avg. Price Per Transaction

November 2015

Price in millions

2.5

Number of Sales

HHHHHHHHHHHH HHHH

2.0 1.5

Avg. Price per transaction 1.0

$

0.5 0.0

Nov. 2007

2010

2014

2015

2,043,438

November 2007 Number of Sales

number of sales

HH Avg. Price per transaction $

1,600,000

November 2015 vs 2007 Nov. 2007

2010

2014

2015

+700% Sales

+28% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Nov. 2015

16

+33%

$2,043,438

+16%

Nov. 2014

12

+100%

$1,768,667

+21%

Nov. 2010

6

+200%

$1,457,250

-9%

Nov. 2007

2

baseline

$1,600,000

baseline

176

+17%

$1,989,989

+11%

Date

YTD 2015

© Westside Estate Agency

17

90292 Avg. Price Per Transaction

November 2015

Price in millions

4.0

Number of Sales

3.5

HHH

3.0 2.5

Avg. Price per transaction

2.0

$

1.5

3,882,333

1.0 0.5 0.0

Nov.

2007

2010

2014

2015

November 2007 Number of Sales

number of sales

H Avg. Price per transaction $

1,800,000

November 2015 vs 2007 Nov.

2007

2010

2014

2015

+200% Sales

+116% Price

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

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

35

+6%

$2,342,514

+18%

Date

YTD 2015

© Westside Estate Agency

18

Miami market view

metro Miami overview avg. Price Per Transaction

Price in millions

2.5

Number of Sales

HHHHHHHHHHH

2.0

AVg. Price per transaction

1.5

$ 1.0 0.5

2,207,125

November 2007

0.0

Nov.

H = 10

November 2015

H = 10

Number of Sales 2007

2010

2014

2015

HHHHHHHH

number of sales avg. Price per transaction $

2,092,532

November 2015 vs 2007 +5% Price

2015

+40% Sales

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Nov. 2015

109

-11%

$2,207,125

-4%

Nov. 2014

123

+92%

$2,293,703

+11%

Nov. 2010

64

-18%

$2,066,280

-1%

Nov. 2007

78

baseline

$2,092,532

baseline

1898

-11%

$2,304,968

+4%

Nov.

2007

Date

YTD 2015

2010

2014

© 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

90210

81

$4,869,630

106

31%

$4,777,963

-2%

219

107%

90211

9

$1,674,002

18

100%

$1,490,833

-11%

27

50%

90069

50

$2,524,370

45

-10%

$2,021,811

-20%

107

138%

90077

45

$3,579,794

49

9%

$2,394,235

-33%

82

67%

90046

72

$1,644,444

95

32%

$1,024,574

-38%

230

142%

90265

74

$5,075,541

77

4%

$4,370,753

-14%

166

116%

90272

91

$3,034,868

125

37%

$2,394,940

-21%

245

96%

90024

22

$2,000,500

34

55%

$2,274,559

14%

75

121%

90049

79

$3,257,791

125

58%

$2,242,382

-31%

201

61%

90025

21

$1,212,214

27

29%

$971,759

-20%

45

67%

90402

29

$3,249,759

53

83%

$2,564,764

-21%

73

38%

90005

9

$1,744,889

15

67%

$910,000

-48%

25

67%

90027

53

$1,312,427

45

-15%

$1,025,378

-22%

125

178%

90064

89

$1,318,754

89

0%

$1,125,124

-15%

161

81%

90291

50

$1,312,882

74

48%

$1,063,878

-19%

150

103%

90292

12

$1,604,375

15

25%

$1,567,733

-2%

33

120%

Miami

1148

$2,006,074

893

-22%

$1,935,311

-4%

2022

126%

20

PROPERTIES OF $1M OR MORE

2014

2015

Δ 2007 vs 2015

Average Price

Δ vs ‘10

Sales

Δ vs ‘14

Average Price

Δ vs ‘14

Sales

Average Price

$5,229,228

9%

280

28%

$6,310,156

21%

246%

30%

$1,762,722

18%

38

41%

$2,179,882

24%

322%

30%

$3,591,523

78%

143

34%

$3,664,780

2%

186%

45%

$6,667,695

178%

120

46%

$5,600,948

-16%

167%

56%

$1,769,760

73%

300

30%

$1,777,878

0%

317%

8%

$3,886,161

-11%

209

26%

$4,662,039

20%

182%

-8%

$3,315,097

38%

254

4%

$3,557,816

7%

179%

17%

$4,498,962

98%

68

-9%

$2,853,515

-37%

209%

43%

$3,176,150

42%

274

36%

$3,840,150

21%

247%

18%

$1,293,533

33%

73

62%

$1,368,398

6%

248%

13%

$3,877,701

51%

94

29%

$4,154,644

7%

224%

28%

$1,487,620

63%

43

72%

$2,175,395

46%

378%

25%

$1,618,343

58%

176

41%

$1,600,500

-1%

232%

22%

$1,391,942

24%

181

12%

$1,481,283

6%

103%

12%

$1,790,086

68%

176

17%

$1,989,989

11%

252%

52%

$1,979,942

26%

35

6%

$2,342,514

18%

192%

46%

$2,219,942

15%

1796

-11%

$2,310,793

4%

56%

15%

21

Compare Los Angeles Real Estate Brokerages

A Message From WEA TECHNOLOGY IS CHANGING FAST, BUT REAL ESTATE? Recently I needed a new keyboard for my Mac computer. But didn’t have the time to go to the Apple store, park, wait for help, etc. I opened my “Prime Now” app on my phone and ordered a new keyboard at 11AM. The keyboard was delivered at 11:30AM with the only additional charge being a $6 tip for the driver. This is incredible. Why go to a store if you know what you want and you can get it in an hour, day or two days.

But real estate? That’s another issue. At the price ranges we trade in, every buyer wants to see, touch and feel.

You need to see all the rooms, the garden, the privacy, the neighbors, etc. So much to consider, that you can’t see with photos or video. A house is definitely not a keyboard. The quality real estate agent is irreplaceable.

Same with the large conglomerate companies invading the market. No matter how many offices open, the number of transactions remain the same. More offices do not mean more transactions. They say they’re “different” when in fact they aren’t.

Recently a new company opened. It hired a manager from a large competitor. That competitor then hired a manager from another invader. Sounds like re-treading coaches in the NBA. These companies have out-ofthe-region corporate offices whose goal is to build gross income and increase stock prices. It has little to do with the client. The local companies do not operate like this. We know our clients, and make decisions based singularly with their best interest.

The large conglomerates say they use new technology, but this is rarely true. Their websites are hard to navigate, with content to benefit search engines. By comparison, www.weahomes.com is an innovative, easily accessible website designed to find homes. We keep a pulse on tech (not just real estate tech), and we can move in a second to implement any changes needed. Competitors cannot. We sell homes for people to live in, we use technology to best sell homes for people, and we do it better than the rest.

Try us. weahomes.com 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 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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