Westside Estate Agency March 2015 - Issue One

Micro Market Report Los Angeles Area Issue Number One - March 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

About WEA

21

2

A Message From WEA Welcome to our first “micro market “ report. The market has been inundated with statistics that don’t reflect the areas in which we live, work, buy and sell.

The WEA micro report is constructed to not only let you know what happened in the most recent month, but in critical time periods prior. We have chosen the year 2007 as the prior high-water mark as to average price per sale. You can now compare the current past month to not only 2007 but to one year prior and five years prior. This is relevant not only to price but to number of transactions.

The WEA micro market report is inclusive of the zip codes where we do the majority of our business and where our clients either live or choose to live in the future.

Should you have any questions or comments please feel free to email me at: ss@ weahomes.com We hope you enjoy not only reading the report but learning about the market you live in.

Stephen Shapiro Co-Partner, Westside Estate Agency

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

3

90210

Avg. Price Per Transaction

2015

Price in millions

8

Number of Sales

7

HHHHHHHHHH HHHHHHHHHH HHHHHHHHHHHH

6 5 4

Avg. Price per transaction

3

$

2 1 0

2007

2010

2014

2015

4,478,141

2007 Number of Sales

number of sales

HHHHHHHHHHHH Avg. Price per transaction $

3,167,958

2015 vs 2007 2007

2015

+167% Sales

+41% Price

2010

2014

Date

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

32

+78%

$4,478,141

-43%

2014

18

+29%

$7,834,111

+50%

2010

14

+17%

$5,215,500

+65%

2007

12

n/a

$3,167,958

n/a

© Westside Estate Agency

4

90211

Avg. Price Per Transaction

2015

Price in millions

2.0

Number of Sales

HHH

1.5

Avg. Price per transaction 1.0

$

2,000,000

0.5

0.0

2007

2010

2014

2015

2007 Number of Sales

number of sales

Not available Avg. Price per transaction $

Not Avail.

2015 vs 2007 2007

2010

2014

2015

N/A Sales

N/A Price

Date

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

3

+200%

$2,000,000

+6%

2014

1

+100%

$1,880,000

+100%

2010

0

n/a

0

n/a

2007

0

n/a

0

n/a

© Westside Estate Agency

5

90069

Avg. Price Per Transaction

2015

Price in millions

15

Number of Sales

HHHHHHHHHH HHHH

12 9

Avg. Price per transaction 6

$

3 0

2007

2010

2014

2015

2,227,857

2007 Number of Sales

number of sales

HHHHH Avg. Price per transaction $

1,480,609

2015 vs 2007 2007

2010

2014

2015

+180% Sales

+50% Price

Date

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

14

-26%

$2,227,857

-27%

2014

19

+280%

$3,057,380

+140%

2010

5

0

$1,271,500

-14%

2007

5

n/a

$1,480,609

n/a

© Westside Estate Agency

6

90077

Avg. Price Per Transaction

2015

Price in millions

3.0

Number of Sales

2.5

HHHHHHHHHH HHHHH

2.0 1.5

Avg. Price per transaction

1.0

$

0.5 0.0

2007

2010

2014

2015

9,555,800

2007 Number of Sales

number of sales

HHH Avg. Price per transaction $

2,093,000

2015 vs 2007 2007

2010

2014

2015

+400% Sales

+357% Price

Date

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

15

+15%

$9,555,800

-21%

2014

13

+225%

$12,096,000

+451%

2010

4

+33%

$2,193,750

+5%

2007

3

n/a

$2,093,000

n/a

© Westside Estate Agency

7

90046

Avg. Price Per Transaction

2015 Number of Sales

Price in millions

2.0

HHHHHHHHHH HHHHHHHHHH HH

1.5

1.0

Avg. Price per transaction $

0.5

0.0

2007

2010

2014

2015

1,943,705

2007 Number of Sales

number of sales

HHHHHHHHH Avg. Price per transaction $

1,622,000

2015 vs 2007 2007

2010

2014

2015

+144% Sales

+20% Price

Date

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

22

-19%

$1,943,705

-2%

2014

27

+170%

$1,982,815

+108%

2010

10

+11%

$951,300

-41%

2007

9

n/a

$1,622,000

n/a

© Westside Estate Agency

8

90265

Avg. Price Per Transaction

2015

Price in millions

10

Number of Sales

HHHHHHHHHH HHHHHHHHHH HH

8 6

Avg. Price per transaction

4

$ 2 0

2007

2010

2014

2015

4,249,723

2007 Number of Sales

number of sales

HHHHHHH Avg. Price per transaction $

9,248,929

2015 vs 2007 2007

2010

2014

2015

+214% Sales

-54% Price

Date

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

22

+57%

$4,249,723

+46%

2014

14

+75%

$2,905,143

+17%

2010

8

+14%

$2,482,875

-73%

2007

7

n/a

$9,248,929

n/a

© Westside Estate Agency

9

90272

Avg. Price Per Transaction

2015

Price in millions

5

Number of Sales

HHHHHHHHHH HHHHHHHHHH HHH

4 3

Avg. Price per transaction

2

$

1 0

2007

2010

2014

2015

4,211,162

2007 Number of Sales

number of sales

HHHHHHHHHH HHHH Avg. Price per transaction $

2,755,786

2015 vs 2007 2007

2010

2014

2015

+64% Sales

+53% Price

Date

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

23

-23%

$4,211,162

+17%

2014

30

+114%

$3,587,300

+81%

2010

14

0

$1,977,179

-28%

2007

14

n/a

$2,755,786

n/a

© Westside Estate Agency

10

90024

Avg. Price Per Transaction

2015

Price in millions

2.5

Number of Sales

HHHHH

2.0

Avg. Price per transaction

1.5

$

1.0

2,519,400

0.5 0.0

2007

2010

2014

2015

2007 Number of Sales

number of sales

HHHHH Avg. Price per transaction $

1,765,800

2015 vs 2007 2007

2010

2014

2015

+/-0% Sales

+43% Price

Date

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

5

-44%

$2,519,400

+30%

2014

9

+125%

$1,943,222

-8%

2010

4

-20%

$2,111,250

+20%

2007

5

n/a

$1,765,800

n/a

© Westside Estate Agency

11

90049

Avg. Price Per Transaction

2015

Price in millions

4.0

Number of Sales

3.5

HHHHHHHHHH HHHHHHHHHH HH

3.0 2.5 2.0

Avg. Price per transaction

1.5

$

1.0 0.5 0.0

2007

2010

2014

2015

3,851,448

2007

HH HHHHHHHHHH

Number of Sales

number of sales

Avg. Price per transaction $

2,709,375

2015 vs 2007 2007

2010

2014

2015

+83% Sales

+42% Price

Date

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

22

+57%

$3,851,448

+50%

2014

14

-7%

$2,560,714

+6%

2010

15

+25%

$2,420,400

-11%

2007

12

n/a

$2,709,375

n/a

© Westside Estate Agency

12

90025

Avg. Price Per Transaction

2015

Price in millions

1.5

Number of Sales

HHHHHH

1.2

Avg. Price per transaction

0.9

$

0.6

951,333

0.3 0.0

2007

2010

2014

2015

2007 Number of Sales

number of sales

H Avg. Price per transaction $

575,000

2015 vs 2007 2007

2010

2014

2015

+500% Sales

+65% Price

Date

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

5

+500%

$951,333

-38%

2014

1

-67%

$1,525,000

+41%

2010

3

+200%

$1,080,333

+88%

2007

1

n/a

$575,000

n/a

© Westside Estate Agency

13

90402

Avg. Price Per Transaction

2015

Price in millions

6

Number of Sales

5

HHHHHHH

4

Avg. Price per transaction

3

$

2

3,714,286

1 0

2007

2010

2014

2015

2007 Number of Sales

number of sales

HH Avg. Price per transaction $

2,483,750

2015 vs 2007 2007

2010

2014

2015

+250% Sales

+50% Price

Date

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

7

+40%

$3,714,286

-26%

2014

5

+25%

$5,051,200

+133%

2010

4

+100%

$2,168,750

-13%

2007

2

n/a

$2,483,750

n/a

© Westside Estate Agency

14

90005

Avg. Price Per Transaction

2015

Price in millions

2.5

Number of Sales

HHHHH

2.0

Avg. Price per transaction

1.5

$ 1.0

2,186,000

0.5 0.0

2007

2010

2014

2015

2007 Number of Sales

number of sales

H Avg. Price per transaction $

1,350,000

2015 vs 2007 2007

2010

2014

2015

+400% Sales

+62% Price

Date

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

5

+150%

$2,186,000

+28%

2014

2

+100%

$1,710,000

+260%

2010

1

0

$475,000

-65%

2007

1

n/a

$1,350,000

n/a

© Westside Estate Agency

15

90027

Avg. Price Per Transaction

2015

Price in millions

1.5

Number of Sales

HHHHHHHHHH HHHHHHHH

1.2 0.9

Avg. Price per transaction

0.6

$

0.3 0.0

2007

2010

2014

2015

1,464,753

2007 Number of Sales

number of sales

HHHHHH Avg. Price per transaction $

1,078,333

2015 vs 2007 2007

2010

2014

2015

+200% Sales

+36% Price

Date

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

18

+29%

$1,464,753

-5%

2014

14

+100%

$1,548,714

+50%

2010

7

-17%

$1,033,429

-4%

2007

6

n/a

$1,078,333

n/a

© Westside Estate Agency

16

90064

Avg. Price Per Transaction

2015

Price in millions

1.5

Number of Sales

HHHHHHH

1.2

Avg. Price per transaction

0.9

$ 0.6

1,099,643

0.3 0.0

2007

2010

2014

2015

2007 Number of Sales

number of sales

HHHHHHHHH Avg. Price per transaction $

1,310,444

2015 vs 2007 2007

2010

2014

2015

-22% Sales

-16% Price

Date

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

7

0

$1,099,643

+3%

2014

7

+75%

$1,069,714

-9%

2010

4

-56%

$1,176,625

-10%

2007

9

n/a

$1,310,444

n/a

© Westside Estate Agency

17

90212

Avg. Price Per Transaction

2015

Price in millions

3.0

Number of Sales

HH

2.5

Avg. Price per transaction

2.0

$

1.5 1.0

2,776,000

0.5 0.0

2007

2010

2014

2015

2007 Number of Sales

number of sales

HH Avg. Price per transaction $

2,080,000

2015 vs 2007 2007

2010

2014

2015

+/-0% Sales

+33% Price

Date

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

2

-50%

$2,776,000

0

2014

4

+100%

$2,777,500

+32%

2010

2

0

$2,107,500

+1%

2007

2

n/a

$2,080,000

n/a

© Westside Estate Agency

18

90291

Avg. Price Per Transaction

2015

Price in millions

2.0

Number of Sales

HHHHHHHHHH HHHH

1.5

Avg. Price per transaction

1.0

$ 0.5

0.0

2007

2010

2014

2015

1,834,893

2007 Number of Sales

number of sales

HHHHH Avg. Price per transaction $

1,567,400

2015 vs 2007 2007

2010

2014

2015

+180% Sales

+17% Price

Date

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

14

0

$1,834,893

+19%

2014

14

+17%

$1,545,571

+42%

2010

12

+140%

$1,089,208

-31%

2007

5

n/a

$1,567,400

n/a

© Westside Estate Agency

19

90292

Avg. Price Per Transaction

2015

Price in millions

2.5

Number of Sales

HHHH

2.0

Avg. Price per transaction

1.5

$

1.0

2,271,250

0.5 0.0

2007

2010

2014

2015

2007 Number of Sales

number of sales

H Avg. Price per transaction $

1,725,000

2015 vs 2007 2007

2010

2014

2015

+300% Sales

+32% Price

Date

Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

2015

4

0

$2,271,250

+36%

2014

4

+300%

$1,671,250

+14%

2010

1

0

$1,471,500

-15%

2007

1

n/a

$1,725,000

n/a

© Westside Estate Agency

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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.

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

Tel: (310) 247-7770 SalesBH@WEAhomes.com

Westside Estate Agency 2100 Ponce de Leon Blvd 7th Floor Coral Gables, FL 33134

Tel: (310) 456-1171 SalesMalibu@WEAhomes.com

Tel: (786) 326-3774 cyb@weahomes.com

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