MICRO MARKET REPORT LOS ANGELES & MIAMI ISSUE #31 10/15/18 FOR Q3 2018 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 SELLERS, WAKE-UP Sellers are always the last ones to recognize any shift in the marketplace. I dislike being the one to say it, but changes are happening in the high-end real estate market. Historically, our real estate market trails New York and San Francisco. Both of these cities have seen serious downward adjustments in values in addition to a reduced number of transactions, and Los Angeles is also headed that way. As taxpayers and tax preparers are planning their year ends, it has become evident that the new SALT (state and local tax) provisions have had a serious effect on higher priced homes. It appears that the steeper the price of the home, the worse the effect. As an example, a $30M home purchased by someone earning $10M annually will result in an extra cost to the buyer of $698,000 per annum (property tax minus the $10K deduction plus the non-deductible CA State income tax). The extra cost comes from the buyer’s spendable after-tax income, which is a big pill to swallow and will primarily affect sales in the $5M-$35M range. Additionally, there are and will be many more spec homes on the market in the $30M range and this could create a price war between sellers. Homes that are priced lower seem more stable as well as homes priced in the super high range where the buyer’s only real concern is finding the right home. When listing your home, I recommend not just accept what the broker with the highest evaluation offers. In a correcting market, lowering your price while the overall market softens means you are at the same overly aggressive price you started with. The goal is to price your home correctly the first time. 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 3 2018
QTR. AVG.
HHHHHHHHH 7 6
AVG. PRICE PER TRANSACTION $
5
5,735,689
4
Q3.
2010
2015
2016
2017
2018
QUARTER 3 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015
4,953,788
QUARTER 3 2018 vs 2010
2010
+74% SALES
+16% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
82
8%
$5,735,689
5%
Q3. 2017
76
0%
$5,457,191
-5%
Q3. 2016
76
3%
$5,749,257
-13%
Q3. 2015
74
57%
$6,603,993
33%
Q3. 2010
47
baseline
$4,953,788
baseline
YTD 2018
208
-6%
$5,673,630
-13%
Date
© Westside Estate Agency
4
90211 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
3.0
PRICE IN MILLIONS
H =1
QUARTER 3 2018
QTR. AVG.
HHHHHHHHH 2.5 2.0
AVG. PRICE PER TRANSACTION $
1.5 1.0
Q3.
2010
2015
2016
2017
2018
2,515,333
QUARTER 3 2010
H =1
NUMBER OF SALES NUMBER OF SALES
HHHHHHHHHH 2018
AVG. PRICE PER TRANSACTION $
2017 2016 2015 2010
1,376,600
QUARTER 3 2018 vs 2010 -10% SALES
+83% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
9
0%
$2,515,333
6%
Q3. 2017
9
-10%
$2,363,111
15%
Q3. 2016
10
-33%
$2,050,300
3%
Q3. 2015
15
50%
$1,989,433
45%
Q3. 2010
10
baseline
$1,376,600
baseline
YTD 2018
21
-30%
$2,624,286
11%
Date
© Westside Estate Agency
5
90069 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 3 2018
QTR. AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
HHHHH 4
AVG. PRICE PER TRANSACTION 3
$
2
Q3.
2010
2015
2016
2017
2018
4,659,636
QUARTER 3 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
2,001,000
QUARTER 3 2018 vs 2010 +238% SALES
+133% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
44
-4%
$4,659,636
37%
Q3. 2017
46
18%
$3,406,543
0%
Q3. 2016
39
15%
$3,389,949
10%
Q3. 2015
34
162%
$3,083,868
54%
Q3. 2010
13
baseline
$2,001,000
baseline
YTD 2018
117
-7%
$4,223,085
23%
Date
© Westside Estate Agency
6
90077 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 3 2018
QTR. AVG.
NUMBER OF SALES
8
PRICE IN MILLIONS
H = 10
HHH
7 6 5
AVG. PRICE PER TRANSACTION
4
$
3
5,334,500
2
Q3.
2010
2015
2016
2017
2018
QUARTER 3 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
2,598,600
QUARTER 3 2018 vs 2010 +20% SALES
+105% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
30
-12%
$5,334,500
-23%
Q3. 2017
34
10%
$6,941,603
60%
Q3. 2016
31
15%
$4,335,629
34%
Q3. 2015
27
8%
$3,229,463
24%
Q3. 2010
25
baseline
$2,598,600
baseline
YTD 2018
85
-19%
$6,575,667
11%
Date
© Westside Estate Agency
7
90046 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H = 10
QUARTER 3 2018
QTR. AVG.
HHHHHHHHH 2.0
AVG. PRICE PER TRANSACTION 1.5
$
1,956,458
1.0
Q3.
2010
2015
2016
2017
2018
QUARTER 3 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
1,373,788
QUARTER 3 2018 vs 2010 +155% SALES
+42% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
84
8%
$1,956,458
1%
Q3. 2017
78
-1%
$1,927,910
-5%
Q3. 2016
79
-5%
$2,028,373
18%
Q3. 2015
83
152%
$1,725,464
26%
Q3. 2010
33
baseline
$1,373,788
baseline
YTD 2018
222
-1%
$2,112,104
-1%
Date
© Westside Estate Agency
8
90265 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
6
PRICE IN MILLIONS
H = 10
QUARTER 3 2018
QTR. AVG.
HHHHHHHH 5
AVG. PRICE PER TRANSACTION $
4,455,827
4
Q3.
2010
2015
2016
2017
2018
QUARTER 3 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015
5,042,618
QUARTER 3 2018 vs 2010
2010
+115% SALES
-12% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
73
4%
$4,455,827
-6%
Q3. 2017
70
1%
$4,760,628
5%
Q3. 2016
69
38%
$4,547,580
1%
Q3. 2015
50
47%
$4,521,940
-10%
Q3. 2010
34
baseline
$5,042,618
baseline
YTD 2018
193
3%
$5,858,339
16%
Date
© Westside Estate Agency
9
90272 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 3 2018
QTR. AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
HHHHHHH 4
AVG. PRICE PER TRANSACTION 3
$
3,826,287
2
Q3.
2010
2015
2016
2017
2018
QUARTER 3 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
2,738,200
QUARTER 3 2018 vs 2010 +11% SALES
+40% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
61
-19%
$3,826,287
-6%
Q3. 2017
75
-7%
$4,083,880
3%
Q3. 2016
81
9%
$3,976,517
5%
Q3. 2015
74
35%
$3,781,690
38%
Q3T. 2010
55
baseline
$2,738,200
baseline
YTD 2018
186
-17%
$4,770,354
22%
Date
© Westside Estate Agency
10
90024 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 3 2018
QTR. AVG.
PRICE IN MILLIONS
12
H = 10
NUMBER OF SALES
HH
10 8
AVG. PRICE PER TRANSACTION
6
$
4
2,906,550
2
Q3.
2010
2015
2016
2017
2018
QUARTER 3 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
2,186,095
QUARTER 3 2018 vs 2010 -5% SALES
+33% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
20
-13%
$2,906,550
-32%
Q3. 2017
23
10%
$4,267,304
-63%
Q3. 2016
21
-19%
$11,592,314
332%
Q3. 2015
26
24%
$2,684,654
23%
Q3. 2010
21
baseline
$2,186,095
baseline
YTD 2018
59
-8%
$3,655,393
-9%
Date
© Westside Estate Agency
11
90049 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
QUARTER 3 2018
QTR. AVG.
HHHHHHHHH 4
AVG. PRICE PER TRANSACTION 3
$
2
Q3.
2010
2015
2016
2017
2018
4,304,184
QUARTER 3 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
2,383,670
QUARTER 3 2018 vs 2010 +52% SALES
+81% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
85
2%
$4,304,184
15%
Q3. 2017
83
-11%
$3,742,639
9%
Q3. 2016
93
27%
$3,430,441
-3%
Q3. 2015
73
30%
$3,532,418
48%
Q3. 2010
56
baseline
$2,383,670
baseline
YTD 2018
230
-5%
$4,659,159
22%
Date
© Westside Estate Agency
12
90025 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
2.0
PRICE IN MILLIONS
H =5
QUARTER 3 2018
QTR. AVG.
HHH 1.5
AVG. PRICE PER TRANSACTION 1.0
$
0.5
Q3.
2010
2015
2016
2017
2018
1,900,273 H =5
QUARTER 3 2010 NUMBER OF SALES
NUMBER OF SALES
HHH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
963,036
QUARTER 3 2018 vs 2010 -21% SALES
+97% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
11
-21%
$1,900,273
10%
Q3. 2017
14
-13%
$1,728,650
17%
Q3. 2016
16
-24%
$1,481,688
3%
Q3. 2015
21
50%
$1,443,024
50%
Q3. 2010
14
baseline
$963,036
baseline
YTD 2018
50
-9%
$1,781,570
-3%
Date
© Westside Estate Agency
13
90402 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 3 2018
QTR. AVG.
NUMBER OF SALES
6
PRICE IN MILLIONS
H = 10
HHH 5 4
AVG. PRICE PER TRANSACTION $
3 2
Q3.
2010
2015
2016
2017
2018
4,754,611
QUARTER 3 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
2,494,891
QUARTER 3 2018 vs 2010 +17% SALES
+91% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
27
-13%
$4,754,611
-11%
Q3. 2017
31
41%
$5,312,484
23%
Q3. 2016
22
-27%
$4,335,795
-2%
Q3. 2015
30
30%
$4,409,352
77%
Q3. 2010
23
baseline
$2,494,891
baseline
YTD 2018
69
-25%
$4,509,239
0%
Date
© Westside Estate Agency
14
90005 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 3 2018
QTR. AVG.
NUMBER OF SALES
3.5
PRICE IN MILLIONS
H =1
HHHHHHHHH
3.0 2.5
AVG. PRICE PER TRANSACTION
2.0
$ 1.5 1.0
Q3.
2010
2015
2016
2017
2018
2,660,833
QUARTER 3 2010
H =1
NUMBER OF SALES NUMBER OF SALES
HHHHH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
1,308,200
QUARTER 3 2018 vs 2010 +80% SALES
+103% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
9
-18%
$2,660,833
-2%
Q3. 2017
11
-8%
$2,704,091
16%
Q3. 2016
12
20%
$2,326,625
-13%
Q3. 2015
10
100%
$2,660,000
103%
Q3. 2010
5
baseline
$1,308,200
baseline
YTD 2018
27
-21%
$3,386,722
43%
Date
© Westside Estate Agency
15
90027 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 3 2018
QTR. AVG.
NUMBER OF SALES
3.0
PRICE IN MILLIONS
H = 10
HHHHH 2.5 2.0
AVG. PRICE PER TRANSACTION $
1.5 1.0
Q3.
2010
2015
2016
2017
2018
2,388,295
QUARTER 3 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
1,262,750
QUARTER 3 2018 vs 2010 +175% SALES
+89% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
44
10%
$2,388,295
26%
Q3. 2017
40
-20%
$1,893,688
21%
Q3. 2016
50
-19%
$1,567,330
1%
Q3. 2015
62
288%
$1,556,925
23%
Q3. 2010
16
baseline
$1,262,750
baseline
YTD 2018
134
9%
$2,230,753
-13%
Date
© Westside Estate Agency
16
90064 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
2.0
PRICE IN MILLIONS
H = 10
QUARTER 3 2018
QTR. AVG.
HHHHHHHH 1.5
AVG. PRICE PER TRANSACTION $
1.0
Q3.
2010
2015
2016
2017
2018
2,020,973
QUARTER 3 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
1,189,302
QUARTER 3 2018 vs 2010 +97% SALES
+70% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
73
-1%
$2,020,973
26%
Q3. 2017
74
7%
$1,604,845
-19%
Q3. 2016
69
23%
$1,989,225
22%
Q3. 2015
56
51%
$1,626,116
37%
Q3. 2010
37
baseline
$1,189,302
baseline
YTD 2018
175
-15%
$2,007,737
3%
Date
© Westside Estate Agency
17
90291 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 3 2018
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
Q3.
2010
2015
2016
2017
2018
2,152,627
QUARTER 3 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
1,024,056
QUARTER 3 2018 vs 2010 +89% SALES
+110% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
51
-14%
$2,152,627
-9%
Q3. 2017
59
5%
$2,375,305
15%
Q3. 2016
56
27%
$2,063,750
0%
Q3. 2015
44
63%
$2,066,545
102%
Q3. 2010
27
baseline
$1,024,056
baseline
YTD 2018
140
-13%
$2,203,779
-27%
Date
© Westside Estate Agency
18
90292 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
3.0
PRICE IN MILLIONS
H =1
QUARTER 3 2018
QTR. AVG.
HHHHH 2.5
AVG. PRICE PER TRANSACTION 2.0
$
1.5
Q3.
2010
2015
2016
2017
2018
2,227,000 H =1
QUARTER 3 2010 NUMBER OF SALES
NUMBER OF SALES
HHHHHHHH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
1,679,125
QUARTER 3 2018 vs 2010 -38% SALES
+33% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
5
-64%
$2,227,000
-15%
Q3. 2017
14
56%
$2,612,786
29%
Q3. 2016
9
-18%
$2,024,556
-3%
Q3. 2015
11
38%
$2,083,500
24%
Q3. 2010
8
baseline
$1,679,125
baseline
YTD 2018
25
-29%
$2,424,123
-8%
Date
© Westside Estate Agency
19
90293 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H =5
QUARTER 3 2018
QTR. AVG.
HHH 2.0
AVG. PRICE PER TRANSACTION 1.5
$
1.0
Q3.
2010
2015
2016
2017
2018
1,656,667 H =5
QUARTER 3 2010 NUMBER OF SALES
NUMBER OF SALES
HH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
1,164,813
QUARTER 3 2018 vs 2010 +88% SALES
+42% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
15
25%
$1,656,667
-13%
Q3. 2017
12
33%
$1,896,750
27%
Q3. 2016
9
0%
$1,488,611
-30%
Q3. 2015
9
13%
$2,139,909
84%
Q3. 2010
8
baseline
$1,164,813
baseline
YTD 2018
48
9%
$1,795,729
-3%
Date
© Westside Estate Agency
20
MIAMI MARKET VIEW
METRO MIAMI OVERVIEW AVG. PRICE PER TRANSACTION YTD AVG.
QTR. AVG.
2.5
PRICE IN MILLIONS
H = 50
QUARTER 3 2018 AVG. NUMBER OF SALES
HHHHHHHHH AVG. PRICE PER TRANSACTION 2.0
$
H =50
QUARTER 3 2010
1.5
Q3.
2,389,831
2010
2015
2016
2017
2018
AVG. NUMBER OF SALES
HHHHH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION 2018 2017
$
1,966,733
2016 2015 2010
QUARTER 3 2018 vs 2010 +98% SALES
+22% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2018
436
21%
$2,389,831
10%
Q3. 2017
360
-10%
$2,170,563
-5%
Q3. 2016
401
-19%
$2,283,288
-1%
Q3. 2015
495
125%
$2,317,489
18%
Q3. 2010
220
baseline
$1,966,733
baseline
YTD 2018
1501
19%
$2,449,701
6%
Date
© Westside Estate Agency
21
YEAR TO DATE SALES 2010
2015
2016
Zip Code
Sales
Average Price
Sales
Δ vs ‘10
Average Price
Δ vs ‘10
Sales
Δ vs ‘15
Average Price
Δ vs ‘15
90210
141
$4,253,589
232
65%
$6,459,468
52%
211
-9%
$5,954,650
-8%
90211
20
$1,427,500
33
65%
$2,209,348
55%
22
-33%
$2,152,523
-3%
90069
50
$2,047,940
113
126%
$3,648,482
78%
119
5%
$4,064,416
11%
90077
64
$3,067,805
96
50%
$6,163,448
101%
87
-9%
$5,079,305
-18%
90046
107
$1,181,164
243
127%
$1,826,743
55%
230
-5%
$1,855,520
2%
90265
89
$4,212,770
176
98%
$4,741,474
13%
186
6%
$4,495,888
-5%
90272
166
$2,639,220
223
34%
$3,676,089
39%
220
-1%
$3,667,787
0%
90024
48
$2,147,740
56
17%
$2,721,723
27%
77
38%
$5,421,741
99%
90049
161
$2,222,348
210
30%
$3,646,639
64%
221
5%
$3,531,581
-3%
90025
33
$1,013,894
58
76%
$1,380,018
36%
56
-3%
$1,458,884
6%
90402
73
$2,456,836
71
-3%
$4,188,895
70%
76
7%
$4,615,796
10%
90005
20
$1,257,450
33
65%
$2,370,485
89%
33
0%
$1,905,006
-20%
90027
61
$1,162,934
144
136%
$1,566,165
35%
141
-2%
$1,648,255
5%
90064
98
$1,131,691
142
45%
$1,516,309
34%
170
20%
$1,853,826
22%
90291
85
$1,051,800
136
60%
$2,033,699
93%
148
9%
$2,042,643
0%
90292
20
$1,613,900
28
40%
$2,191,375
36%
28
0%
$2,120,768
-3%
90293
24
$1,189,396
31
29%
$1,928,796
62%
33
6%
$1,527,273
-21%
Miami
700
$2,103,550
1595
128%
$2,364,913
12%
1316
-17%
$2,362,503
0%
PROPERTIES OF $1M OR MORE 2017
2018
Sales
Δ vs ‘16
Average Price
Δ vs ‘16
Sales
Δ vs ‘17
Average Price
Δ vs ‘17
222
5%
$6,522,678
10%
208
-6%
$5,673,630
-13%
30
36%
$2,369,233
10%
21
-30%
$2,624,286
11%
126
6%
$3,444,369
-15%
117
-7%
$4,223,085
23%
105
21%
$5,950,624
17%
85
-19%
$6,575,667
11%
225
-2%
$2,141,714
15%
222
-1%
$2,112,104
-1%
187
1%
$5,046,308
12%
193
3%
$5,858,339
16%
225
2%
$3,921,653
7%
186
-17%
$4,770,354
22%
64
-17%
$4,024,258
-26%
59
-8%
$3,655,393
-9%
243
10%
$3,824,134
8%
230
-5%
$4,659,159
22%
55
-2%
$1,829,520
25%
50
-9%
$1,781,570
-3%
92
21%
$4,520,120
-2%
69
-25%
$4,509,239
-0%
34
3%
$2,364,529
24%
27
-21%
$3,386,722
43%
123
-13%
$2,557,254
55%
134
9%
$2,230,753
-13%
205
21%
$1,956,316
6%
175
-15%
$2,007,737
3%
160
8%
$3,035,460
49%
140
-13%
$2,203,779
-27%
35
25%
$2,641,143
25%
25
-29%
$2,424,123
-8%
44
33%
$1,844,989
21%
48
9%
$1,795,729
-3%
1264
-4%
$2,312,414
-2%
1501
19%
$2,449,701
6%
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 2010, 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 2016. 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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