WEA Micro Market Report | Q3 2023

MICRO MARKET REPORT LOS ANGELES ISSUE #49 10/18/23 FOR Q3 2023 STATISTICS

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

1

TABLE OF CONTENTS WEA MESSAGE

3

ZIP CODE 90210 - BEVERLY HILLS

4

ZIP CODE 90211 - BEVERLY HILLS

5

ZIP CODE 90212 - BEVERLY HILLS

6

ZIP CODE 90069 - SUNSET STRIP

7

ZIP CODE 90077 - BEL AIR

8

ZIP CODE 90046 - WEST HOLLYWOOD

9

ZIP CODE 90265 - MALIBU

10

ZIP CODE 90272 - PACIFIC PALISADES

11

ZIP CODE 90024 - WESTWOOD

12

ZIP CODE 90049 - BRENTWOOD

13

ZIP CODE 90025 - WEST LA

14

ZIP CODE 90402 - SANTA MONICA

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

ALL ZIP CODES YEAR TO DATE SALES

20

ABOUT WEA

22

Data provided by First American Title Co. of Los Angeles County records for sales exceeding $1 million.

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

2

A MESSAGE FROM WEA ISRAELI/HAMAS CONFLICT This is an unprecedented time with the invasion of Israel by Hamas and the unprovoked murder and dismemberment of innocent civilians including women, children, and the elderly as well as capturing hostages. There is no justification other than that Hamas and others in the region want the total annihilation of Jews and Israel, reminiscent of Nazi Germany in the 1930s and 40s. Unfortunately, this attack has led to retaliation and warfare in the region, likely resulting in more death and destruction. We cannot condone these acts by Hamas in any way whatsoever and only hope that by some miracle this ends sooner rather than later.

This blatant antisemitism must stop now.

Stephen Shapiro Co-Founder, Westside Estate Agency

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

3

90210 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

517

$

MILLION

245

$

MILLION

Q3 2022

Q3 2023

9.57

$

MILLION

-53%

Q3 2022

NUMBER OF SALES • Q3

5.34 MILLION

Q3 2023

-44%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

MEDIAN PRICE

120 10

80

8

IN MILLIONS

100

60 40 20 0

6 4 2 0

2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q3 2023

46

-14.8%

$5,340,210 / $3,163,000

-44% / -60%

Q3 2022

54

-49.1%

$9,578,472 / $7,825,000

11% / 21%

Q3 2021

106

20.5%

$8,623,075 / $6,460,000

-6% / 43%

Q3 2020

88

baseline

$9,216,458 / $4,517,500

baseline

YTD 2023

139

-39.6%

$9,191,539 / $5,065,000

-5% / -26%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

4

90211 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

20

$

MILLION

11.56

$

MILLION

Q3 2022

Q3 2023

2.5

$

MILLION

-42%

Q3 2022

NUMBER OF SALES • Q3

2.89 MILLION

Q3 2023

15%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

MEDIAN PRICE

12 10

3.5 IN MILLIONS

8 6 4

3 2.5 2 1.5

2

1

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q3 2023

4

-50%

$2,892,250 / $3,025,000

15% / 19%

Q3 2022

8

-27.3%

$2,504,739 / $2,550,455

-8% / -5%

Q3 2021

11

22.2%

$2,733,682 / $2,675,500

18% / 14%

Q3 2020

9

baseline

$2,315,389 / $2,350,000

baseline

YTD 2023

19

-38.7%

$2,928,557 / $2,800,000

-3% / -1%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

5

90212 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

24.5

$

MILLION

29.9

$

MILLION

Q3 2022

Q3 2023

3.5

$

MILLION

22%

Q3 2022

NUMBER OF SALES • Q3

4.28 MILLION

Q3 2023

22%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

15

MEDIAN PRICE

5

12

4 IN MILLIONS

9 6 3 0

3 2 1 0

2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q3 2023

7

0%

$4,283,571 / $3,375,000

22% / 2%

Q3 2022

7

-46.2%

$3,502,857 / $3,300,000

0% / 5%

Q3 2021

13

116.7%

$3,498,538 / $3,137,500

1% / -10%

Q3 2020

6

baseline

$3,472,667 / $3,472,500

baseline

YTD 2023

16

-15.8%

$4,173,250 / $3,773,000

4% / 8%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

6

90069 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

67.3

$

MILLION

76.3

$

MILLION

Q3 2022

Q3 2023

3.54

$

MILLION

13%

Q3 2022

NUMBER OF SALES • Q3

4.24 MILLION

Q3 2023

20%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

75

MEDIAN PRICE

5 IN MILLIONS

60 45 30 15

4 3 2 1

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q3 2023

18

-5.3%

$4,242,806 / $3,311,500

20% / 10%

Q3 2022

19

-74%

$3,544,474 / $3,023,500

-21% / -14%

Q3 2021

73

82.5%

$4,478,623 / $3,500,000

24% / 20%

Q3 2020

40

baseline

$3,614,675 / $2,910,000

baseline

YTD 2023

97

-9.3%

$4,914,103 / $3,420,000

20% / -1%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

7

90077 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

245

$

MILLION

82.6

$

MILLION

Q3 2022

Q3 2023

9.43

$

MILLION

-66%

Q3 2022

NUMBER OF SALES • Q3

3.44 MILLION

Q3 2023

-63%

AVG/MEDIAN PRICES • 12 MONTH ROLLING

60

AVG PRICE

10

40

8

IN MILLIONS

50

30 20 10

MEDIAN PRICE

6 4 2

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q3 2023

24

-7.7%

$3,444,021 / $2,952,500

-63% / -39%

Q3 2022

26

-36.6%

$9,434,269 / $4,825,000

56% / 49%

Q3 2021

41

-26.8%

$6,054,305 / $3,247,000

21% / 37%

Q3 2020

56

baseline

$4,992,982 / $2,375,000

baseline

YTD 2023

72

-20.9%

$5,333,369 / $3,285,500

-34% / -24%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

8

90046 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

175

$

MILLION

291

$

MILLION

Q3 2022

Q3 2023

2.43

$

MILLION

67%

Q3 2022

NUMBER OF SALES • Q3

4.35 MILLION

Q3 2023

79%

AVG/MEDIAN PRICES • 12 MONTH ROLLING

120

AVG PRICE

MEDIAN PRICE

100 5 IN MILLIONS

80 60 40 20

4 3 2 1

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q3 2023

67

-6.9%

$4,353,998 / $3,075,000

79% / 39%

Q3 2022

72

-28%

$2,431,396 / $2,207,500

-7% / 1%

Q3 2021

100

-2.9%

$2,609,140 / $2,187,500

22% / 21%

Q3 2020

103

baseline

$2,137,899 / $1,810,000

baseline

YTD 2023

182

-21.9%

$3,129,288 / $2,311,250

23% / 0%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

9

90265 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

295

$

MILLION

189

$

MILLION

Q3 2022

Q3 2023

7.58

$

MILLION

-36%

Q3 2022

NUMBER OF SALES • Q3

4.31 MILLION

Q3 2023

-43%

AVG/MEDIAN PRICES • 12 MONTH ROLLING

120

AVG PRICE

100

MEDIAN PRICE

8 IN MILLIONS

80 60 40 20 0

6 4 2 0

2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q3 2023

44

12.8%

$4,317,224 / $3,650,000

-43% / -15%

Q3 2022

39

-58.5%

$7,584,692 / $4,300,000

11% / 16%

Q3 2021

94

-17.5%

$6,841,160 / $3,700,000

17% / -3%

Q3 2020

114

baseline

$5,840,803 / $3,825,000

baseline

YTD 2023

129

-34.2%

$7,054,456 / $3,650,000

3% / -16%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

10

90272 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

326

$

MILLION

310

$

MILLION

Q3 2022

Q3 2023

6.04

$

MILLION

-5%

Q3 2022

NUMBER OF SALES • Q3

5.26 MILLION

Q3 2023

-13%

AVG/MEDIAN PRICES • 12 MONTH ROLLING

120

AVG PRICE

100

MEDIAN PRICE

8 IN MILLIONS

80 60 40 20 0

6 4 2 0

2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q3 2023

59

9.3%

$5,267,637 / $3,300,000

-13% / -26%

Q3 2022

54

-47.1%

$6,044,519 / $4,475,000

-5% / 3%

Q3 2021

102

8.5%

$6,351,480 / $4,327,500

55% / 24%

Q3 2020

94

baseline

$4,088,644 / $3,500,000

baseline

YTD 2023

168

-18.4%

$5,987,364 / $4,235,750

0% / -6%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

11

90024 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

116

$

MILLION

88.8

$

MILLION

Q3 2022

Q3 2023

7.25

$

MILLION

-23%

Q3 2022

NUMBER OF SALES • Q3

4.04 MILLION

Q3 2023

-44%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

MEDIAN PRICE

30 8

20

6

IN MILLIONS

25

15 10 5 0

4 2 0

2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q3 2023

22

37.5%

$4,040,295 / $3,157,500

-44% / -8%

Q3 2022

16

-46.7%

$7,252,125 / $3,437,500

14% / -13%

Q3 2021

30

130.8%

$6,347,350 / $3,947,500

70% / 44%

Q3 2020

13

baseline

$3,736,863 / $2,750,000

baseline

YTD 2023

50

-28.6%

$4,858,312 / $3,640,500

6% / 2%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

12

90049 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

376

$

MILLION

212

$

MILLION

Q3 2022

Q3 2023

5.46

$

MILLION

-44%

Q3 2022

NUMBER OF SALES • Q3

4.33 MILLION

Q3 2023

-21%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

MEDIAN PRICE

125 6

100 IN MILLIONS

5

75 50 25

4 3 2 1

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q3 2023

49

-29%

$4,333,745 / $2,672,500

-21% / -28%

Q3 2022

69

-28.1%

$5,463,099 / $3,700,000

4% / 8%

Q3 2021

96

-5.9%

$5,259,557 / $3,422,500

17% / 12%

Q3 2020

102

baseline

$4,512,941 / $3,056,250

baseline

YTD 2023

163

-34%

$5,671,279 / $3,716,000

-3% / -2%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

13

90025 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

31.4

$

MILLION

80.1

$

MILLION

Q3 2022

Q3 2023

1.84

$

MILLION

155%

Q3 2022

NUMBER OF SALES • Q3

5.34 MILLION

Q3 2023

189%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

MEDIAN PRICE

6

20

5 IN MILLIONS

15 10 5

4 3 2 1

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q3 2023

15

-11.8%

$5,346,633 / $3,975,000

189% / 121%

Q3 2022

17

-15%

$1,848,294 / $1,800,000

-23% / -4%

Q3 2021

20

5.3%

$2,397,575 / $1,892,000

23% / 1%

Q3 2020

19

baseline

$1,946,737 / $1,875,000

baseline

YTD 2023

41

-22.6%

$3,482,486 / $2,364,500

53% / 28%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

14

90402 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

183

$

MILLION

97.7

$

MILLION

Q3 2022

Q3 2023

5.72

$

MILLION

-47%

Q3 2022

NUMBER OF SALES • Q3

4.07 MILLION

Q3 2023

-29%

AVG/MEDIAN PRICES • 12 MONTH ROLLING

60

AVG PRICE

6

40

5 IN MILLIONS

50

30 20 10

MEDIAN PRICE

4 3 2 1

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q3 2023

24

-25%

$4,074,932 / $3,212,500

-29% / -33%

Q3 2022

32

-41.8%

$5,721,439 / $4,797,500

1% / -6%

Q3 2021

55

61.8%

$5,689,155 / $5,100,000

3% / 6%

Q3 2020

34

baseline

$5,503,515 / $4,796,500

baseline

YTD 2023

74

-28.8%

$5,473,100 / $5,282,500

-8% / -3%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

15

90027 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

117.1

$

MILLION

147.9

$

MILLION

Q3 2022

Q3 2023

2.54

$

MILLION

26%

Q3 2022

NUMBER OF SALES • Q3

4.62 MILLION

Q3 2023

82%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

MEDIAN PRICE

5 IN MILLIONS

60 45 30 15

4 3 2 1

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q3 2023

32

-30.4%

$4,624,469 / $3,150,000

82% / 58%

Q3 2022

46

-23.3%

$2,547,163 / $1,992,000

-2% / -13%

Q3 2021

60

25%

$2,604,717 / $2,300,000

7% / 16%

Q3 2020

48

baseline

$2,439,503 / $1,980,000

baseline

YTD 2023

98

-16.2%

$3,410,952 / $2,587,500

20% / 8%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

16

90064 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

121.5

$

MILLION

187.6

$

MILLION

Q3 2022

Q3 2023

2.48

$

MILLION

54%

Q3 2022

NUMBER OF SALES • Q3

4.26 MILLION

Q3 2023

72%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

MEDIAN PRICE

75 5 IN MILLIONS

60 45 30 15

4 3 2 1

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q3 2023

44

-10.2%

$4,265,477 / $2,750,000

72% / 27%

Q3 2022

49

-29%

$2,481,492 / $2,170,000

19% / 24%

Q3 2021

69

35.3%

$2,088,906 / $1,755,000

-4% / 3%

Q3 2020

51

baseline

$2,174,725 / $1,710,000

baseline

YTD 2023

123

-22.2%

$3,305,483 / $2,248,000

30% / 3%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

17

90291 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

155

$

MILLION

143

$

MILLION

Q3 2022

Q3 2023

2.54

$

MILLION

-8%

Q3 2022

NUMBER OF SALES • Q3

3.97 MILLION

Q3 2023

56%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

MEDIAN PRICE

IN MILLIONS

80 60 40 20

4 3 2 1

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q3 2023

36

-41%

$3,976,278 / $3,197,500

56% / 44%

Q3 2022

61

-9%

$2,546,840 / $2,225,000

2% / 0%

Q3 2021

67

0%

$2,485,955 / $2,215,000

13% / 16%

Q3 2020

67

baseline

$2,201,031 / $1,910,000

baseline

YTD 2023

112

-42.3%

$3,145,242 / $2,642,500

10% / 8%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

18

90292 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

7.1

$

MILLION

14.3

$

MILLION

Q3 2022

Q3 2023

2.36

$

MILLION

102%

Q3 2022

NUMBER OF SALES • Q3

3.57 MILLION

Q3 2023

51%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

MEDIAN PRICE

20 IN MILLIONS

15 10 5

4 3 2 1

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q3 2023

4

33.3%

$3,579,750 / $3,490,500

51% / 45%

Q3 2022

3

-70%

$2,366,667 / $2,400,000

-32% / -18%

Q3 2021

10

-41.2%

$3,495,350 / $2,922,500

53% / 31%

Q3 2020

17

baseline

$2,285,706 / $2,225,000

baseline

YTD 2023

18

-35.7%

$2,620,000 / $2,281,500

-10% / -22%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

19

YEAR TO DATE SALES 2021

2020

20

Zip Code

Sales

Average Price

Sales

Δ vs ‘20

Average Price

Δ vs ‘20

90210

204

$8,911,350

324

58.8%

$77,872,778

-12%

90211

28

$2,500,411

42

50%

$2,968,405

19%

90212

16

$3,322,156

29

81.3%

$3,250,948

-2%

90069

93

$5,218,919

176

89.2%

$4,622,815

-11%

90077

101

$6,179,218

133

31.7%

$5,667,707

-8%

90046

211

$2,128,643

310

46.9%

$2,348,516

10%

90265

205

$5,233,856

282

37.6%

$6,863,796

31%

90272

191

$4,275,136

330

72.8%

$5,199,089

22%

90024

43

$3,488,738

84

95.3%

$5,103,024

46%

90049

208

$4,750,316

320

53.8%

$5,167,193

9%

90025

30

$1,830,033

61

103.3%

$2,334,754

28%

90402

69

$5,157,710

144

108.7%

$5,609,406

9%

90027

114

$2,237,200

173

51.8%

$2,497,610

12%

90064

134

$2,235,511

201

50%

$2,139,988

-4%

90291

140

$2,264,149

200

42.9%

$2,423,819

7%

90292

31

$2,422,622

47

51.6%

$2,723,245

12%

PROPERTIES OF $1M OR MORE 2022

2023

Sales

Δ vs ‘21

Average Price

Δ vs ‘21

Sales

Δ vs ‘22

Average Price

Δ vs ‘22

230

-29%

$9,646,863

23%

139

-39.6%

$9,191,539

-5%

31

-26.2%

$3,019,900

2%

19

-38.7%

$2,928,557

-3%

19

-34.5%

$4,010,368

23%

16

-15.8%

$4,173,250

4%

107

-39.2%

$4,096,372

-11%

97

-9.3%

$4,914,103

20%

91

-31.6%

$8,033,907

42%

72

-20.9%

$5,333,369

-34%

233

-24.8%

$2,538,927

8%

182

-21.9%

$3,129,288

23%

196

-30.5%

$6,835,588

0%

129

-34.2%

$7,054,456

3%

206

-37.6%

$5,976,068

15%

168

-18.4%

$5,987,364

0%

70

-16.7%

$4,602,950

-10%

50

-28.6%

$4,858,312

6%

247

-22.8%

$5,861,585

13%

163

-34%

$5,671,279

-3%

53

-13.1%

$2,275,245

-3%

41

-22.6%

$3,482,486

53%

104

-27.8%

$5,963,962

6%

74

-28.8%

$5,473,100

-8%

117

-32.4%

$2,838,583

14%

98

-16.2%

$3,410,952

20%

158

-21.4%

$2,536,152

19%

123

-22.2%

$3,305,483

30%

194

-3%

$2,861,193

18%

112

-42.3%

$3,145,242

10%

28

-40.4%

$2,915,792

7%

18

-35.7%

$2,620,000

-10%

21

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.

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.

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.”

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 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 2015, 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 cutting-edge of innovation, keeping a pulse on and implementing new technologies as soon as they’re available.

WESTSIDE ESTATE AGENCY

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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

MALIBU

Westside Estate Agency 460 North Canon Drive Beverly Hills, CA 90210

Westside Estate Agency 3900 Cross Creek Rd #5 Malibu, CA 90265

(310) 247-7770 SalesBH@WEAhomes.com

(310) 456-1171 SalesMalibu@WEAhomes.com

WESTSIDE ESTATE AGENCY

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