WEA Micro Market Report - July 2015

MICRO MARKET REPORT LOS ANGELES & MIAMI ISSUE NUMBER FIVE - JULY 2015

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 90201/90402 - SANTA MONICA

14

ZIP CODE 90005 - HANCOCK PARK

15

ZIP CODE 90027 - LOS FELIZ

16

ZIP CODE 90064 - CHEVIOT HILLS

17

ZIP CODE 90212 - BEVERLY HILLS

18

ZIP CODE 90291 - VENICE

19

ZIP CODE 90292 - MARINA DEL RAY

20

MIAMI MARKET OVERVIEW

21

ABOUT WEA

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Data provided by First American Title Co. Through L.A. County records for sales exceeding $1 million 2

A MESSAGE FROM WEA Fluff or Substance Do you want your real estate brokerage to tell you about the best hamburgers in town or to advise on the top martini? There is an increasing trend of brokerages to focus on providing this type of non-real estate related fluff. At WEA we think you have that part of your life figured out so we choose to advise you specifically on REAL ESTATE with content that you can use.

Our goal is, and has always been, to give our clients the best direction on selling or buying their home. Our agents are hands on. When they make a promise they deliver. We don’t send assistants to do an agent’s job. You meet us and we represent you instead of giving you face time and then only showing up when it’s time to cash the check. We think you’ll be appreciative of the personal attention you receive from our agents. After all, our goal is not to increase our SEO exposure, it’s to direct and advise your real estate transactions and decision making. When we, at WEA, provide information to you, it is and will always be focused on our most valuable asset: You. We look forward to meeting you and demonstrating why we have been the “high-net worth” leader for over 15 years.

Stephen Shapiro Co-Founder, Westside Estate Agency

3

90210 AVG. PRICE PER TRANSACTION

2015

PRICE IN MILLIONS

8

AVG. NUMBER OF SALES

HHHHHHHHHHHH HHHHHHHHHHHH HHHHH

7 6 5 4

AVG. PRICE PER TRANSACTION $

3

5,875,552

2 1

2007

0

2007

2010

2014

2015

AVG. NUMBER OF SALES

HHHHHHHHHHHH HH

NUMBER OF SALES

AVG. PRICE PER TRANSACTION $

5,180,893

2015 vs 2007 2007

2010

2014

2015

+107% SALES

+13% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

29

+32%

$5,875,552

+17%

2014

22

+100%

$5,027,182

-25%

2010

11

-21%

$6,696,502

+29%

2007

14

n/a

$5,180,893

n/a

© Westside Estate Agency

4

90211 AVG. PRICE PER TRANSACTION

2015

PRICE IN MILLIONS

2.5

AVG. NUMBER OF SALES

HHHHHH

2.0

AVG. PRICE PER TRANSACTION $

1.5

2,004,167

1.0 0.5

2007

0.0

2007

2010

2014

2015

AVG. NUMBER OF SALES

HHH

NUMBER OF SALES

AVG. PRICE PER TRANSACTION $

1,447,005

2015 vs 2007 2007

2010

2014

2015

+100% SALES

+39% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

6

+500%

$2,004,167

+50%

2014

1

-50%

$1,332,000

+21%

2010

2

-33%

$1,100,000

-24%

2007

3

n/a

$1,447,005

n/a

© Westside Estate Agency

5

90069 AVG. PRICE PER TRANSACTION

2015

PRICE IN MILLIONS

5

AVG. NUMBER OF SALES

HHHHHHHHHH

4

AVG. PRICE PER TRANSACTION $

3

4,393,750

2 1

2007

0

2007

2010

2014

2015

AVG. NUMBER OF SALES

HHHHHHH

NUMBER OF SALES

AVG. PRICE PER TRANSACTION $

2,340,071

2015 vs 2007 2007

2010

2014

2015

+43% SALES

+88% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

10

-17%

$4,393,750

+42%

2014

12

+300%

$3,096,042

+95%

2010

3

-57%

$1,590,000

-32%

2007

7

n/a

$2,340,071

n/a

© Westside Estate Agency

6

90077 AVG. PRICE PER TRANSACTION

2015

PRICE IN MILLIONS

5

AVG. NUMBER OF SALES

HHHHHHHHHHHH HHHH

4 3

AVG. PRICE PER TRANSACTION $

3,739,719

2 1

2007

0

2007

2010

2014

2015

AVG. NUMBER OF SALES

HHH

NUMBER OF SALES

AVG. PRICE PER TRANSACTION $

2,746,667

2015 vs 2007 2007

2010

2014

2015

+433% SALES

+36% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

16

+33%

$3,739,719

+112%

2014

12

+100%

$1,766,750

-58%

2010

6

+100%

$4,161,667

+52%

2007

3

n/a

$2,746,667

n/a

© Westside Estate Agency

7

90046 AVG. PRICE PER TRANSACTION

2015

PRICE IN MILLIONS

2.5

AVG. NUMBER OF SALES

HHHHHHHHHHHH HHHHHHHHHHHH HHHHHHH

2.0 1.5

AVG. PRICE PER TRANSACTION $

1.0

1,720,935

0.5 0.0

2007

2010

2014

2015

2007 AVG. NUMBER OF SALES

NUMBER OF SALES

HHHHHHHHHHH AVG. PRICE PER TRANSACTION $

1,326,545

2015 vs 2007 2007

2010

2014

2015

+182% SALES

+30% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

31

0%

$1,720,935

-21%

2014

31

+210%

$2,176,833

+109%

2010

10

-9%

$1,042,550

-21%

2007

11

n/a

$1,326,545

n/a

© Westside Estate Agency

8

90265 AVG. PRICE PER TRANSACTION

2015

PRICE IN MILLIONS

8

AVG. NUMBER OF SALES

HHHHHHHHHHHH HHHHHHH

7 6 5

AVG. PRICE PER TRANSACTION $

4

5,069,711

3 2 1

2007

0

2007

2010

2014

2015

AVG. NUMBER OF SALES

HHHHHH

NUMBER OF SALES

AVG. PRICE PER TRANSACTION $

7,914,333

2015 vs 2007 2007

2010

2014

2015

+217% SALES

-36% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

19

-14%

$5,069,711

+25%

2014

22

+214%

$4,071,773

+129%

2010

7

+17%

$1,779,286

-78%

2007

6

n/a

$7,914,333

n/a

© Westside Estate Agency

9

90272 AVG. PRICE PER TRANSACTION

2015

PRICE IN MILLIONS

4.0

AVG. NUMBER OF SALES

HHHHHHHHHHHH HHHHHHHHHHHH HHHH

3.5 3.0 2.5 2.0

AVG. PRICE PER TRANSACTION $

1.5

3,682,679

1.0 0.5 0.0

2007

2010

2014

2015

2007 AVG. NUMBER OF SALES

NUMBER OF SALES

HHHHHHHH AVG. PRICE PER TRANSACTION $

2,870,375

2015 vs 2007 2007

2010

2014

2015

+250% SALES

+28% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

28

-32%

$3,682,679

+4%

2014

41

+215%

$3,553,493

+74%

2010

13

+63%

$2,045,923

-29%

2007

8

n/a

$2,870,375

n/a

© Westside Estate Agency

10

90024 PRICE IN MILLIONS

AVG. PRICE PER TRANSACTION

2015

3.0

AVG. NUMBER OF SALES

2.5

HHHHHHHHH

2.0

AVG. PRICE PER TRANSACTION $

1,914,556

1.5 1.0 0.5

2007

0.0

2007

2010

2014

2015

AVG. NUMBER OF SALES

HH

NUMBER OF SALES

AVG. PRICE PER TRANSACTION $

1,252,500

2015 vs 2007 2007

2010

2014

2015

+350% SALES

+53% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

9

-10%

$1,914,556

-36%

2014

10

+100%

$2,990,000

+75%

2010

5

+150%

$1,704,700

+36%

2007

2

n/a

$1,252,500

n/a

© Westside Estate Agency

11

90049 AVG. PRICE PER TRANSACTION

2015

PRICE IN MILLIONS

4.0

AVG. NUMBER OF SALES

HHHHHHHHHHHH HHHHHHHHH

3.5 3.0 2.5

AVG. PRICE PER TRANSACTION $

2.0

2,868,714

1.5 1.0 0.5

2007

0.0

2007

2010

2014

2015

AVG. NUMBER OF SALES

HHHHHHHHHHHH HHH

NUMBER OF SALES

AVG. PRICE PER TRANSACTION $

3,879,567

2015 vs 2007 2007

2010

2014

2015

+40% SALES

-26% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

21

-19%

$2,868,714

-18%

2014

26

+86%

$3,489,080

+65%

2010

14

-7%

$2,109,786

-46%

2007

15

n/a

$3,879,567

n/a

© Westside Estate Agency

12

90025 AVG. PRICE PER TRANSACTION

2015

PRICE IN MILLIONS

2.0

AVG. NUMBER OF SALES

HHHH 1.5

AVG. PRICE PER TRANSACTION $

1,750,000

1.0

0.5

2007

0.0

2007

2010

2014

2015

AVG. NUMBER OF SALES

HHH

NUMBER OF SALES

AVG. PRICE PER TRANSACTION $

867,000

2015 vs 2007 2007

2010

2014

2015

+33% SALES

+102% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

4

-20%

$1,750,000

+16%

2014

5

+67%

$1,512,500

+50%

2010

3

0%

$1,005,000

16%

2007

3

n/a

$867,000

n/a

© Westside Estate Agency

13

90402 AVG. PRICE PER TRANSACTION

2015

PRICE IN MILLIONS

5

AVG. NUMBER OF SALES

HHHHHHHHHHHH HHHHH

4 3

AVG. PRICE PER TRANSACTION $

4,847,500

2 1

2007

0

2007

2010

2014

2015

AVG. NUMBER OF SALES

HH

NUMBER OF SALES

AVG. PRICE PER TRANSACTION $

3,787,500

2015 vs 2007 2007

2010

2014

2015

+750% SALES

+28% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

17

+55%

$4,847,500

+26%

2014

11

+57%

$3,842,955

+36%

2010

7

+250%

$2,829,214

-25%

2007

2

n/a

$3,787,500

n/a

© Westside Estate Agency

14

90005 AVG. PRICE PER TRANSACTION

2015

PRICE IN MILLIONS

2.0

AVG. NUMBER OF SALES

HHH 1.5

AVG. PRICE PER TRANSACTION $

1,865,167

1.0

0.5

2007

0.0

2007

2010

2014

2015

AVG. NUMBER OF SALES NUMBER OF SALES AVG. PRICE PER TRANSACTION $

Not Avail.

2015 vs 2007 2007

2010

2014

2015

n/a SALES

n/a PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

3

n/a

$1,865,167

n/a

2014

n/a

n/a

n/a

n/a

2010

3

n/a

$507,000

n/a

2007

n/a

n/a

n/a

n/a

© Westside Estate Agency

15

90027 AVG. PRICE PER TRANSACTION

2015

PRICE IN MILLIONS

2.0

AVG. NUMBER OF SALES

HHHHHHHHHHHH HHHHH

1.5

AVG. PRICE PER TRANSACTION $

1.0

1,281,706

0.5

2007

0.0

2007

2010

2014

2015

AVG. NUMBER OF SALES

HHHHHHHH

NUMBER OF SALES

AVG. PRICE PER TRANSACTION $

1,221,813

2015 vs 2007 2007

2010

2014

2015

+113% SALES

+5% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

17

+6%

$1,281,706

-16%

2014

16

+220%

$1,527,264

+42%

2010

5

-38%

$1,079,000

-12%

2007

8

n/a

$1,221,813

n/a

© Westside Estate Agency

16

90064 AVG. PRICE PER TRANSACTION

2015

PRICE IN MILLIONS

1.5

AVG. NUMBER OF SALES

HHHHHHHHHHHH HHHHHH

1.2 0.9

AVG. PRICE PER TRANSACTION $

1,406,917

0.6 0.3

2007

0.0

2007

2010

2014

2015

AVG. NUMBER OF SALES

HHHHHHHHHHHH HH

NUMBER OF SALES

AVG. PRICE PER TRANSACTION $

1,380,607

2015 vs 2007 2007

2010

2014

2015

+29% SALES

+2% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

18

+64%

$1,406,917

+8%

2014

11

+10%

$1,306,545

+3%

2010

10

-29%

$1,273,850

-8%

2007

14

n/a

$1,380,607

n/a

© Westside Estate Agency

17

90212 AVG. PRICE PER TRANSACTION

2015

PRICE IN MILLIONS

2.5

AVG. NUMBER OF SALES

HH

2.0

AVG. PRICE PER TRANSACTION $

1.5

2,487,500

1.0 0.5

2007

0.0

2007

2010

2014

2015

AVG. NUMBER OF SALES

NUMBER OF SALES AVG. PRICE PER TRANSACTION $

Not Avail.

2015 vs 2007 2007

2010

2014

2015

n/a SALES

n/a PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

2

+100%

$2,487,500

+29%

2014

1

n/a

$1,925,000

n/a

2010

n/a

n/a

n/a

n/a

2007

n/a

n/a

n/a

n/a

© Westside Estate Agency

18

90291 AVG. PRICE PER TRANSACTION

2015

PRICE IN MILLIONS

2.0

AVG. NUMBER OF SALES

HHHHHHHHHHHH HHHHHH

1.5

AVG. PRICE PER TRANSACTION $

1.0

1,742,167

0.5

2007

0.0

2007

2010

2014

2015

AVG. NUMBER OF SALES

HHH

NUMBER OF SALES

AVG. PRICE PER TRANSACTION $

1,598,333

2015 vs 2007 2007

2010

2014

2015

+500% SALES

+9% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

18

-31%

$1,742,167

+7%

2014

26

+160%

$1,623,038

+65%

2010

10

+233%

$986,550

-38%

2007

3

n/a

$1,598,333

n/a

© Westside Estate Agency

19

90292 AVG. PRICE PER TRANSACTION

2015

PRICE IN MILLIONS

2.0

AVG. NUMBER OF SALES

HHH 1.5

AVG. PRICE PER TRANSACTION $

1,711,667

1.0

0.5

2007

0.0

2007

2010

2014

2015

AVG. NUMBER OF SALES

HH

NUMBER OF SALES

AVG. PRICE PER TRANSACTION $

1,076,000

2015 vs 2007 2007

2010

2014

2015

+50% SALES

+59% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

3

n/a

$1,711,667

n/a

2014

n/a

n/a

n/a

n/a

2010

4

+100%

$1,812,500

+68%

2007

2

n/a

$1,076,000

n/a

© Westside Estate Agency

20

MIAMI MARKET VIEW

METRO MIAMI OVERVIEW PRICE IN MILLIONS

AVG. PRICE PER TRANSACTION

H =5

2015

1.2

AVG. NUMBER OF SALES

1.0

HHHHHHHHH

0.8

AVG. PRICE PER TRANSACTION $

1,136,210

0.6 0.4 0.2

H =5

2007

0.0

2007

2010

2014

2015

AVG. NUMBER OF SALES

HHHHHH

NUMBER OF SALES

AVG. PRICE PER TRANSACTION $

973,441

2015 vs 2007 2007

2010

2014

2015

+34% SALES

+14% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

41

-25%

$1,136,210

+27%

2014

55

+27%

$831,804

+32%

2010

40

+33%

$567,476

-41%

2007

27

n/a

$973,441

n/a

Data via MLS for zip codes: 33109, 33131, 33132, 33133, 33134, 33137, 33138, 33139, 33140, 33143, 33146, 33149, 33154, 33156, 33160, 33180 & 33181

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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 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.

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 better service to clients.

WEA continues to stay on the cuttingedge 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 inhouse 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 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.

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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