WEA Micro Market Report - Q2 2017

MICRO MARKET REPORT LOS ANGELES & MIAMI ISSUE #26 7/15/17 FOR Q2 2017 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 SALES KEEP ON COMING As we enter the summer season, the results of the year to date sales of high-net-worth homes remain outstanding, and that might be an understatement.

As of May 15, 2017, there have been:

• • • • •

202 sales of $5+ million homes compared to 187 by the same time last year 73 sales of $10+ million homes versus 58 by the same time last year 24 sales of $20+ million homes this year versus 8 by the same time last year 11 sales of $30+ million homes this year versus 1 by the same time last year In addition, there are approximately 103 sales currently pending over $5 million

The market under $5m is as strong or stronger than ever before. There are so many multiple offers occurring that it makes our collective heads spin. No one knows how long this will last, but as Los Angeles increasingly becomes a more desirable city to live in and new technology and financial industries continue to relocate here, it looks like the market will remain strong.

Also of great interest is where buyers are coming from. Of the sales in excess of $20 million: 17 were purchased by Americans, 4 by Chinese, 1 British, 1 Indonesian, and 1 Scottish. Interestingly, more buyers are either local or from other parts of the United States. This is all good news for our local market, as we are clearly not dependent on buyers coming from outside the United States.

Stephen Shapiro Co-Founder, Westside Estate Agency

3

90210 AVG. PRICE PER TRANSACTION YTD AVG.

NUMBER OF SALES

8

PRICE IN MILLIONS

H = 10

QUARTER 2 2017

QTR. AVG.

HHHHHHHHH

7 6

AVG. PRICE PER TRANSACTION

5

$ 4 3

Q2.

2007

2010

2015

2016

2017

7,130,144

QUARTER 2 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

5,979,055

QUARTER 2 2017 vs 2007 +143% SALES

+19% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

QTR. 2 2017

90

17%

$ 7,130,144

6%

QTR. 2 2016

77

-15%

$ 6,699,974

4%

QTR. 2 2015

91

63%

$ 6,417,500

78%

QTR. 2 2010

56

51%

$ 3,606,045

-40%

QTR. 2 2007

37

baseline

$5,979,055

baseline

YTD 2017

146

7%

$ 7,077,315

17%

© Westside Estate Agency

4

90211 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 2 2017

QTR. AVG.

NUMBER OF SALES

3.0

PRICE IN MILLIONS

H = 10

HHH 2.5 2.0

AVG. PRICE PER TRANSACTION $

1.5 1.0

Q2.

2007

2010

2015

2016

2017

2,060,769

QUARTER 2 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

H AVG. PRICE PER TRANSACTION

2017 2016 2015 2010 2007

$

1,424,667

QUARTER 2 2017 vs 2007 +117% SALES

+45% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q2. 2017

13

117%

$ 2,060,769

3%

Q2. 2016

6

-50%

$ 1,991,250

-20%

Q2. 2015

12

100%

$ 2,503,458

58%

Q2. 2010

6

0%

$ 1,584,000

11%

Q2. 2007

6

baseline

$ 1,424,667

baseline

YTD 2017

21

62%

$ 2,371,857

15%

Date

© Westside Estate Agency

5

90069 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 2 2017

QTR. AVG.

NUMBER OF SALES

5

PRICE IN MILLIONS

H = 10

HHHHH 4

AVG. PRICE PER TRANSACTION 3

$

3,110,003

2

Q2.

2007

2010

2015

2016

2017

QUARTER 2 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

2,614,038

QUARTER 2 2017 vs 2007 +73% SALES

+19% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q2. 2017

45

13%

$ 3,110,003

-17%

Q2. 2016

40

3%

$ 3,759,351

-10%

Q2. 2015

39

70%

$ 4,176,359

95%

Q2. 2010

23

-12%

$ 2,144,543

-18%

Q2. 2007

26

baseline

$ 2,614,038

baseline

YTD 2017

81

1%

$ 3,423,736

-22%

Date

© Westside Estate Agency

6

90077 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 2 2017

QTR. AVG.

NUMBER OF SALES

8

PRICE IN MILLIONS

H = 10

HHHHH

7 6

AVG. PRICE PER TRANSACTION

5

$ 4 3

Q2.

2007

2010

2015

2016

2017

5,014,349

QUARTER 2 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHH AVG. PRICE PER TRANSACTION

2017 2016 2015 2010 2007

$

5,315,004

QUARTER 2 2017 vs 2007 +72% SALES

-6% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q2. 2017

43

34%

$ 5,014,349

-13%

Q2. 2016

32

-16%

$ 5,788,813

-22%

Q2. 2015

38

52%

$ 7,410,566

94%

Q2. 2010

25

0%

$ 3,818,220

-28%

Q2. 2007

25

baseline

$ 5,315,004

baseline

YTD 2017

71

27%

$ 5,476,070

0%

Date

© Westside Estate Agency

7

90046 AVG. PRICE PER TRANSACTION YTD AVG.

NUMBER OF SALES

2.5

PRICE IN MILLIONS

H = 10

QUARTER 2 2017

QTR. AVG.

HHHHHHHHH 2.0

AVG. PRICE PER TRANSACTION 1.5

$

1.0

Q2.

2007

2010

2015

2016

2017

1,985,864 H = 10

QUARTER 2 2007 NUMBER OF SALES

NUMBER OF SALES

HHHH AVG. PRICE PER TRANSACTION

2017 2016 2015 2010 2007

$

1,647,194

QUARTER 2 2017 vs 2007 +171% SALES

+21% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q2. 2017

84

24%

$ 1,985,864

12%

Q2. 2016

68

-32%

$ 1,776,949

1%

Q2. 2015

100

150%

$ 1,751,396

49%

Q2. 2010

40

29%

$ 1,173,325

-29%

Q2. 2007

31

baseline

$ 1,647,194

baseline

YTD 2017

149

-1%

$ 2,225,373

26%

Date

© Westside Estate Agency

8

90265 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 2 2017

QTR. AVG.

NUMBER OF SALES

6

PRICE IN MILLIONS

H = 10

HHHHHHH 5

AVG. PRICE PER TRANSACTION 4

$

3

Q2.

2007

2010

2015

2016

2017

5,901,688

QUARTER 2 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

4,633,139

QUARTER 2 2017 vs 2007 +86% SALES

+27% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q2. 2017

67

8%

$ 5,901,688

42%

Q2. 2016

62

-7%

$ 4,155,306

11%

Q2. 2015

67

81%

$ 3,759,888

-1%

Q2. 2010

37

3%

$ 3,806,703

-18%

Q2. 2007

36

baseline

$4,633,139

baseline

YTD 2017

117

0%

$ 5,217,227

17%

Date

© Westside Estate Agency

9

90272 AVG. PRICE PER TRANSACTION YTD AVG.

NUMBER OF SALES

4.0

PRICE IN MILLIONS

H = 10

QUARTER 2 2017

QTR. AVG.

HHHHHHHH 3.5

AVG. PRICE PER TRANSACTION 3.0

$

2.5

Q2.

2007

2010

2015

2016

2017

3,917,127

QUARTER 2 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHHHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

3,351,386

QUARTER 2 2017 vs 2007 +80% SALES

+17% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q2. 2017

79

-1%

$ 3,917,127

12%

Q2. 2016

80

-15%

$ 3,487,341

-2%

Q2. 2015

94

57%

$ 3,564,729

37%

Q2. 2010

60

36%

$ 2,595,533

-23%

Q2. 2007

44

baseline

$3,351,386

baseline

YTD 2017

149

6%

$ 3,856,450

11%

Date

© Westside Estate Agency

10

90024 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 2 2017

QTR. AVG.

NUMBER OF SALES

5

PRICE IN MILLIONS

H = 10

HHH 4 3

AVG. PRICE PER TRANSACTION $

2 1

Q2.

2007

2010

2015

2016

2017

4,391,840

QUARTER 2 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

H AVG. PRICE PER TRANSACTION

2017 2016 2015 2010 2007

$

2,329,900

QUARTER 2 2017 vs 2007 +150% SALES

+88% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q2. 2017

25

-26%

$ 4,391,840

43%

Q2. 2016

34

100%

$ 3,080,838

14%

Q2. 2015

17

0%

$ 2,691,824

53%

Q2. 2010

17

70%

$ 1,759,147

-24%

Q2. 2007

10

baseline

$2,329,900

baseline

YTD 2017

41

-27%

$ 3,887,915

25%

Date

© Westside Estate Agency

11

90049 AVG. PRICE PER TRANSACTION YTD AVG.

NUMBER OF SALES

5

PRICE IN MILLIONS

H = 10

QUARTER 2 2017

QTR. AVG.

HHHHHHHHH 4 3

AVG. PRICE PER TRANSACTION $

2 1

Q2.

2007

2010

2015

2016

2017

3,660,335

QUARTER 2 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHHHH 2017 2016 2015 2010 2007

AVG. PRICE PER TRANSACTION $

3,366,348

QUARTER 2 2017 vs 2007 +102% SALES

+9% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q2. 2017

93

22%

$ 3,660,335

-11%

Q2. 2016

76

-13%

$ 4,127,578

14%

Q2. 2015

87

58%

$ 3,612,733

95%

Q2. 2010

55

20%

$ 1,855,882

-45%

Q2. 2007

46

baseline

$3,366,348

baseline

YTD 2017

159

24%

$ 3,880,507

8%

Date

© Westside Estate Agency

12

90025 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 2 2017

QTR. AVG.

NUMBER OF SALES

2.0

PRICE IN MILLIONS

H = 10

HHH 1.5

AVG. PRICE PER TRANSACTION $

1.0

Q2.

2007

2010

2015

2016

2017

1,790,167

QUARTER 2 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

H AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

1,240,375

QUARTER 2 2017 vs 2007 +238% SALES

+44% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q2. 2017

27

13%

$ 1,790,167

23%

Q2. 2016

24

9%

$ 1,460,688

5%

Q2. 2015

22

83%

$ 1,392,252

32%

Q2. 2010

12

50%

$ 1,052,500

-15%

Q2. 2007

8

baseline

$1,240,375

baseline

YTD 2017

41

2%

$ 1,863,963

29%

Date

© Westside Estate Agency

13

90402 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 2 2017

QTR. AVG.

NUMBER OF SALES

5

PRICE IN MILLIONS

H = 10

HHHH 4

AVG. PRICE PER TRANSACTION 3

$

4,473,944

2

Q2.

2007

2010

2015

2016

2017

QUARTER 2 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HH AVG. PRICE PER TRANSACTION

2017 2016 2015 2010 2007

$

3,051,225

QUARTER 2 2017 vs 2007 +80% SALES

+47% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q2. 2017

36

44%

$ 4,473,944

-6%

Q2. 2016

25

0%

$ 4,769,220

23%

Q2. 2015

25

-29%

$ 3,865,600

48%

Q2. 2010

35

75%

$ 2,616,443

-14%

Q2. 2007

20

baseline

$ 3,051,225

baseline

YTD 2017

61

13%

$ 4,117,443

-13%

Date

© Westside Estate Agency

14

90005 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 2 2017

QTR. AVG.

NUMBER OF SALES

2.5

PRICE IN MILLIONS

H = 10

HH 2.0

AVG. PRICE PER TRANSACTION 1.5

$

1.0

Q2.

2007

2010

2015

2016

2017

1,797,267

QUARTER 2 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

H 2017 2016 2015 2010 2007

AVG. PRICE PER TRANSACTION $

1,360,000

QUARTER 2 2017 vs 2007 +650% SALES

+32% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q2. 2017

15

25%

$ 1,797,267

18%

Q2. 2016

12

50%

$ 1,522,667

-33%

Q2. 2015

8

33%

$ 2,283,750

92%

Q2. 2010

6

200%

$ 1,190,000

-13%

Q2. 2007

2

baseline

$ 1,360,000

baseline

YTD 2017

23

10%

$ 2,202,130

32%

Date

© Westside Estate Agency

15

90027 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 2 2017

QTR. AVG.

NUMBER OF SALES

3.0

PRICE IN MILLIONS

H = 10

HHHHHH 2.5 2.0

AVG. PRICE PER TRANSACTION $

1.5 1.0

Q2.

2007

2010

2015

2016

2017

2,646,521

QUARTER 2 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHH 2017 2016 2015 2010 2007

AVG. PRICE PER TRANSACTION $

1,490,764

QUARTER 2 2017 vs 2007 +96% SALES

+78% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q2. 2017

53

10%

$ 2,646,521

78%

Q2. 2016

48

-2%

$ 1,487,250

-3%

Q2. 2015

49

88%

$ 1,531,418

19%

Q2. 2010

26

-4%

$ 1,281,769

-14%

Q2. 2007

27

baseline

$ 1,490,764

baseline

YTD 2017

83

-9%

$ 2,877,044

70%

Date

© Westside Estate Agency

16

90064 AVG. PRICE PER TRANSACTION YTD AVG.

NUMBER OF SALES

2.5

PRICE IN MILLIONS

H = 10

QUARTER 2 2017

QTR. AVG.

HHHHHHHH 2.0

AVG. PRICE PER TRANSACTION 1.5

$

1.0

Q2.

2007

2010

2015

2016

2017

2,134,682

QUARTER 2 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

1,254,806

QUARTER 2 2017 vs 2007 +100% SALES

+70% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q2. 2017

72

29%

$ 2,134,682

15%

Q2. 2016

56

8%

$ 1,859,102

26%

Q2. 2015

52

24%

$ 1,479,354

37%

Q2. 2010

42

17%

$ 1,081,786

-14%

Q2. 2007

36

baseline

$ 1,254,806

baseline

YTD 2017

131

30%

$ 2,154,857

22%

Date

© Westside Estate Agency

17

90291 AVG. PRICE PER TRANSACTION YTD AVG.

NUMBER OF SALES

3.5

PRICE IN MILLIONS

H = 10

QUARTER 2 2017

QTR. AVG.

HHHHH

3.0 2.5

AVG. PRICE PER TRANSACTION

2.0

$ 1.5 1.0

Q2.

2007

2010

2015

2016

2017

2,732,920 H = 10

QUARTER 2 2007 NUMBER OF SALES

NUMBER OF SALES

HHHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

1,274,661

QUARTER 2 2017 vs 2007 +58% SALES

+114% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q2. 2017

49

-8%

$ 2,732,920

38%

Q2. 2016

53

-7%

$ 1,984,311

-5%

Q2. 2015

57

63%

$ 2,082,912

93%

Q2. 2010

35

13%

$ 1,077,486

-15%

Q2. 2007

31

baseline

$ 1,274,661

baseline

YTD 2017

101

9%

$ 3,421,095

70%

Date

© Westside Estate Agency

18

90292 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 2 2017

QTR. AVG.

NUMBER OF SALES

3.0

PRICE IN MILLIONS

H = 10

HH 2.5 2.0

AVG. PRICE PER TRANSACTION $

1.5 1.0

Q2.

2007

2010

2015

2016

2017

2,668,545

QUARTER 2 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

H AVG. PRICE PER TRANSACTION

2017 2016 2015 2010 2007

$

1,450,875

QUARTER 2 2017 vs 2007 +175% SALES

+84% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q2. 2017

11

22%

$ 2,668,545

6%

Q2. 2016

9

125%

$ 2,518,778

40%

Q2. 2015

4

-33%

$ 1,797,500

6%

Q2. 2010

6

50%

$ 1,689,333

16%

Q2. 2007

4

baseline

$ 1,450,875

baseline

YTD 2017

21

11%

$ 2,660,048

23%

Date

© Westside Estate Agency

19

90293 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 2 2017

QTR. AVG.

NUMBER OF SALES

2.5

PRICE IN MILLIONS

H = 10

HH 2.0

AVG. PRICE PER TRANSACTION 1.5

$

1.0

Q2.

2007

2010

2015

2016

2017

1,897,868

QUARTER 2 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

H 2017 2016 2015 2010 2007

AVG. PRICE PER TRANSACTION $

1,818,500

QUARTER 2 2017 vs 2007 +533% SALES

+4% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q2. 2017

19

46%

$ 1,897,868

23%

Q2. 2016

13

86%

$ 1,546,692

-28%

Q2. 2015

7

-42%

$ 2,162,571

90%

Q2. 2010

12

300%

$ 1,140,417

-37%

Q2. 2007

3

baseline

$ 1,818,500

baseline

YTD 2017

32

33%

$ 1,825,578

18%

Date

© Westside Estate Agency

20

MIAMI MARKET VIEW

METRO MIAMI OVERVIEW AVG. PRICE PER TRANSACTION YTD AVG.

QTR. AVG.

H = 50

QUARTER 2 2015

2.5

PRICE IN MILLIONS

AVG. NUMBER OF SALES

HHHHHHHHHH AVG. PRICE PER TRANSACTION $

H =50

QUARTER 2 2007

2.0

Q2.

2,261,877

2007

2010

2015

2016

2017

AVG. NUMBER OF SALES

HHHHHHHH

NUMBER OF SALES

AVG. PRICE PER TRANSACTION 2017 2016

$

2,096,321

2015 2010 2007

QUARTER 2 2017 vs 2007 +25% SALES

+8% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

QTR. 2 2017

479

-20%

$2,261,877

-5%

QTR. 2 2016

480

-19%

$2,478,523

4%

QTR. 2 2015

596

-6%

$2,378,229

1%

QTR. 2 2010

274

-28%

$2,264,632

8%

QTR. 2 2007

382

baseline

$2,096,321

baseline

YTD 2017

863

-6%

$2,386,944

0%

© Westside Estate Agency

21

YEAR TO DATE SALES 2007

2010

2015

Zip Code

Sales

Average Price

Sales

Δ vs ‘07

Average Price

Δ vs ‘07

Sales

Δ vs ‘10

Average Price

Δ vs ‘10

90210

67

$ 5,418,060

94

40%

$ 3,903,489

-28%

157

67%

$ 6,394,911

64%

90211

11

$ 1,590,091

10

-9%

$ 1,478,400

-7%

18

80%

$ 2,392,611

62%

90069

40

$ 2,360,875

37

-8%

$ 2,064,432

-13%

80

116%

$ 3,885,963

88%

90077

35

$ 4,264,631

39

11%

$ 3,368,577

-21%

70

79%

$ 7,207,793

114%

90046

58

$ 1,551,552

74

28%

$ 1,095,264

-29%

160

116%

$ 1,879,282

72%

90265

69

$ 5,385,681

55

-20%

$ 3,699,773

-31%

126

129%

$ 4,828,591

31%

90272

77

$ 3,045,162

111

44%

$ 2,590,176

-15%

149

34%

$ 3,623,642

40%

90024

21

$ 2,914,810

27

29%

$ 2,117,907

-27%

30

11%

$ 2,753,850

30%

90049

73

$ 3,217,644

104

42%

$ 2,138,966

-34%

136

31%

$ 3,720,425

74%

90025

15

$ 1,092,400

19

27%

$ 1,051,368

-4%

37

95%

$ 1,344,258

28%

90402

30

$ 3,231,400

50

67%

$ 2,439,330

-25%

41

-18%

$ 4,027,585

65%

90005

4

$ 2,212,500

15

275%

$ 1,240,533

-44%

23

53%

$ 2,244,609

81%

90027

42

$ 1,411,682

45

7%

$ 1,127,444

-20%

82

82%

$ 1,573,152

40%

90064

61

$ 1,173,516

61

0%

$ 1,096,746

-7%

86

41%

$ 1,444,807

32%

90291

50

$ 1,307,590

58

16%

$ 1,064,716

-19%

92

59%

$ 2,017,989

90%

90292

9

$ 1,878,500

12

33%

$ 1,570,417

-16%

17

42%

$ 2,261,176

44%

90293

7

$ 1,585,071

16

129%

$ 1,201,688

-24%

22

38%

$ 1,842,432

53%

Miami

700

$2,019,342

480

-31%

$2,166,257

7%

1128

135%

$2,310,259

7%

PROPERTIES OF $1M OR MORE 2016

Δ 2007 VS 2017

2017

Sales

Δ vs ‘15

Average Price

Δ vs ‘15

Sales

Δ vs ‘16

Average Price

Δ vs ‘16

Sales

Average Price

136

-13%

$ 6,026,121

-6%

146

7%

$ 7,077,315

17%

118%

31%

13

-28%

$ 2,065,577

-14%

21

62%

$ 2,371,857

15%

91%

49%

80

0%

$ 4,393,219

13%

81

1%

$ 3,423,736

-22%

103%

45%

56

-20%

$ 5,490,982

-24%

71

27%

$ 5,476,070

0%

103%

28%

151

-6%

$ 1,765,087

-6%

149

-1%

$ 2,225,373

26%

157%

43%

117

-7%

$ 4,465,403

-8%

117

0%

$ 5,217,227

17%

70%

-3%

140

-6%

$ 3,462,967

-4%

149

6%

$ 3,856,450

11%

94%

27%

56

87%

$ 3,107,776

13%

41

-27%

$ 3,887,915

25%

95%

33%

128

-6%

$ 3,605,066

-3%

159

24%

$ 3,880,507

8%

118%

21%

40

8%

$ 1,449,763

8%

41

2%

$ 1,863,963

29%

173%

71%

54

32%

$ 4,729,870

17%

61

13%

$ 4,117,443

-13%

103%

27%

21

-9%

$ 1,664,080

-26%

23

10%

$ 2,202,130

32%

475%

0%

91

11%

$ 1,692,720

8%

83

-9%

$ 2,877,044

70%

98%

104%

101

17%

$ 1,761,326

22%

131

30%

$ 2,154,857

22%

115%

84%

93

1%

$ 2,007,969

-0%

101

9%

$ 3,421,095

70%

102%

162%

19

12%

$ 2,166,342

-4%

21

11%

$ 2,660,048

23%

133%

42%

24

9%

$ 1,541,771

-16%

32

33%

$ 1,825,578

18%

357%

15%

915

17%

$2,397,218

0%

863

-6%

$2,386,944

0%

23%

18% 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 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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