WEA Micro Market Report - Q4 2017

MICRO MARKET REPORT LOS ANGELES & MIAMI ISSUE #28 01/15/18 FOR Q4 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 So many questions Not an hour goes by without one of my agents, clients or friends asking how the new tax bill will affect the residential real estate world. Unlike commercial real estate, which remains unchanged or improved due to the tax bill, the residential market has changed as of 1/1/18.

The two most important changes are:

1. You can only write off $750K of your mortgage interest from your income, as opposed to the prior $1.1M.

2. More critical for high-end homes, you can only deduct $10K of your property taxes from your gross income. This change is a big one. As an example, if you purchased a $5M home, the estimated property tax would be $62,500 annually. With the most recent tax changes, you can only deduct $10K of that $62.5K, leaving $52.5K non-deductible. If your combined tax bracket is 40%, this means you will pay an additional $21K in tax ($1750 per month). As you extrapolate up in price, this amount increases dramatically.

So how will these changes affect our market? If you are stretching to purchase a home, these additional costs may mean that you’re unable to pay as much for a house. These tax changes might drive up lower-priced homes. In the stratospheric price range, we are usually dealing with buyers who want what they want and are willing to absorb these extra costs.

At the end of the day, our market remains strong and I expect it to continue this way. Who doesn’t want to live where we have amazing weather, proximity to the ocean, mountains, desert, and more?

All of those people currently freezing on the East Coast and Mid-West watch the Rose Bowl and dream of living here. This will continue to drive our market.

Stephen Shapiro Co-Founder, Westside Estate Agency 3

90210 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 4 2017

QTR. AVG.

NUMBER OF SALES

8

PRICE IN MILLIONS

H = 10

HHHHHHH

7 6

AVG. PRICE PER TRANSACTION

5

$

4 3

Q4.

2007

2010

2015

2016

2017

7,258,635

QUARTER 4 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010

3,747,839

QUARTER 4 2017 vs 2007

2007

+103% SALES

+94% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

QTR. 4 2017

63

-13%

$ 7,258,635

0%

QTR. 4 2016

72

-8%

$ 7,247,597

33%

QTR. 4 2015

78

56%

$ 5,446,931

33%

QTR. 4 2010

50

61%

$ 4,083,756

9%

QTR. 4 2007

31

baseline

$ 3,747,839

baseline

285

1%

$ 6,685,363

6%

YTD 2017

© Westside Estate Agency

4

90211 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 4 2017

QTR. AVG.

NUMBER OF SALES

3.5

PRICE IN MILLIONS

H =1

HHH

3.0 2.5

AVG. PRICE PER TRANSACTION

2.0

$

1.5 1.0

Q4.

2007

2010

2015

2016

2017

3,074,667

QUARTER 4 2007

H =1

NUMBER OF SALES NUMBER OF SALES

H AVG. PRICE PER TRANSACTION

2017 2016 2015 2010 2007

$

2,039,000

QUARTER 4 2017 vs 2007 +200% SALES

+51% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q4. 2017

3

-73%

$ 3,074,667

35%

Q4. 2016

11

57%

$ 2,279,773

14%

Q4. 2015

7

-30%

$ 2,006,214

23%

Q4. 2010

10

900%

$ 1,624,900

-20%

Q4. 2007

1

baseline

$ 2,039,000

baseline

YTD 2017

33

0%

$ 2,433,364

11%

Date

© Westside Estate Agency

5

90069 AVG. PRICE PER TRANSACTION YTD AVG.

NUMBER OF SALES

4.0

PRICE IN MILLIONS

H = 10

QUARTER 4 2017

QTR. AVG.

HHHH

3.5 3.0

AVG. PRICE PER TRANSACTION

2.5

$ 2.0 1.5

Q4.

2007

2010

2015

2016

2017

3,107,621

QUARTER 4 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

2,766,885

QUARTER 4 2017 vs 2007 +123% SALES

+12% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q4. 2017

29

0%

$ 3,107,621

16%

Q4. 2016

29

-26%

$ 2,680,276

-20%

Q4. 2015

39

95%

$ 3,353,513

87%

Q4. 2010

20

54%

$ 1,793,050

-35%

Q4. 2007

13

baseline

$ 2,766,885

baseline

YTD 2017

155

5%

$ 3,381,365

-11%

Date

© Westside Estate Agency

6

90077 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 4 2017

QTR. AVG.

NUMBER OF SALES

8

PRICE IN MILLIONS

H = 10

HHHH

7 6

AVG. PRICE PER TRANSACTION

5

$ 4 3

Q4.

2007

2010

2015

2016

2017

6,652,300

QUARTER 4 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HH 2017 2016 2015 2010 2007

AVG. PRICE PER TRANSACTION $

4,828,850

QUARTER 4 2017 vs 2007 +100% SALES

+38% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q4. 2017

40

29%

$ 6,652,300

-3%

Q4. 2016

31

24%

$ 6,848,839

56%

Q4. 2015

25

92%

$ 4,380,318

34%

Q4. 2010

13

-35%

$ 3,257,038

-33%

Q4. 2007

20

baseline

$ 4,828,850

baseline

YTD 2017

145

23%

$ 6,144,190

11%

Date

© Westside Estate Agency

7

90046 AVG. PRICE PER TRANSACTION

PRICE IN MILLIONS

YTD AVG.

H = 10

QUARTER 4 2017

QTR. AVG.

NUMBER OF SALES

2.5

HHHHHHHHH 2.0

AVG. PRICE PER TRANSACTION $

1.5

1.0

Q4.

2007

2010

2015

2016

2017

1,891,982

QUARTER 4 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

1,346,308

QUARTER 2 2017 vs 2007 +219% SALES

+41% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q4. 2017

83

32%

$ 1,891,982

8%

Q4. 2016

63

-16%

$ 1,755,303

1%

Q4. 2015

75

88%

$ 1,739,368

47%

Q4. 2010

40

54%

$ 1,182,275

-12%

Q4. 2007

26

baseline

$ 1,346,308

baseline

YTD 2017

308

5%

$ 2,074,416

13%

Date

© Westside Estate Agency

8

90265 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 4 2017

QTR. AVG.

NUMBER OF SALES

6

PRICE IN MILLIONS

H = 10

HHHHH 5

AVG. PRICE PER TRANSACTION $

4

Q4.

2007

2010

2015

2016

2017

4,558,114

QUARTER 4 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HH 2017 2016 2015 2010 2007

AVG. PRICE PER TRANSACTION $

4,090,825

QUARTER 4 2017 vs 2007 +120% SALES

+11% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q4. 2017

44

-23%

$ 4,558,114

-2%

Q4. 2016

57

-8%

$ 4,661,947

2%

Q4. 2015

62

82%

$ 4,578,387

4%

Q4. 2010

34

70%

$ 4,421,279

8%

Q4. 2007

20

baseline

$ 4,090,825

baseline

YTD 2017

231

-5%

$ 4,953,318

9%

Date

© Westside Estate Agency

9

90272 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 4 2017

QTR. AVG.

NUMBER OF SALES

5

PRICE IN MILLIONS

H = 10

HHHHHH 4 3

AVG. PRICE PER TRANSACTION $

2

4,358,438

1

Q4.

2007

2010

2015

2016

2017

QUARTER 4 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

3,001,353

QUARTER 4 2017 vs 2007 +167% SALES

+45% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q4. 2017

56

2%

$ 4,358,438

5%

Q4. 2016

55

0%

$ 4,157,236

19%

Q4. 2015

55

15%

$ 3,497,191

81%

Q4. 2010

48

129%

$ 1,927,036

-36%

Q3T. 2007

21

baseline

$ 3,001,353

baseline

YTD 2017

281

2%

$ 4,008,699

6%

Date

© Westside Estate Agency

10

90024 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 4 2017

QTR. AVG.

NUMBER OF SALES

5

PRICE IN MILLIONS

H =5

HHHHH 4

AVG. PRICE PER TRANSACTION 3

$

2

Q4.

2007

2010

2015

2016

2017

2,599,711

QUARTER 4 2007

H =5

NUMBER OF SALES NUMBER OF SALES

H 2017 2016 2015 2010 2007

AVG. PRICE PER TRANSACTION $

2,382,000

QUARTER 4 2017 vs 2007 +280% SALES

+9% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q4. 2017

19

-27%

$ 2,599,711

1%

Q4. 2016

26

73%

$ 2,585,192

-35%

Q4. 2015

15

-25%

$ 3,965,567

70%

Q4. 2010

20

300%

$ 2,336,900

-2%

Q4. 2007

5

baseline

$ 2,382,000

baseline

YTD 2017

83

-19%

$ 3,698,157

-21%

Date

© Westside Estate Agency

11

90049 AVG. PRICE PER TRANSACTION YTD AVG.

NUMBER OF SALES

6

PRICE IN MILLIONS

H = 10

QUARTER 4 2017

QTR. AVG.

HHHHHHHH 5 4

AVG. PRICE PER TRANSACTION $

3 2

Q4.

2007

2010

2015

2016

2017

4,057,732

QUARTER 4 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

3,749,687

QUARTER 4 2017 vs 2007 +184% SALES

+8% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q4. 2017

71

9%

$ 4,057,732

-11%

Q4. 2016

65

-2%

$ 4,543,308

-14%

Q4. 2015

66

43%

$ 5,311,699

145%

Q4. 2010

46

84%

$ 2,164,039

-42%

Q4. 2007

25

baseline

$ 3,749,687

baseline

YTD 2017

314

10%

$ 3,876,954

3%

Date

© Westside Estate Agency

12

90025 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 4 2017

QTR. AVG.

NUMBER OF SALES

2.0

PRICE IN MILLIONS

H =5

HHHH 1.5

AVG. PRICE PER TRANSACTION $

1.0

Q4.

2007

2010

2015

2016

2017

1,606,578

QUARTER 4 2007

H =5

NUMBER OF SALES NUMBER OF SALES

HHH AVG. PRICE PER TRANSACTION

2017 2016 2015 2010 2007

$

1,334,636

QUARTER 4 2017 vs 2007 +55% SALES

+20% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q4. 2017

17

31%

$ 1,606,578

6%

Q4. 2016

13

-32%

$ 1,512,615

9%

Q4. 2015

19

73%

$ 1,390,421

31%

Q4. 2010

11

0%

$ 1,064,636

-20%

Q4. 2007

11

baseline

$ 1,334,636

baseline

YTD 2017

72

4%

$ 1,776,881

21%

Date

© Westside Estate Agency

13

90402 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 4 2017

QTR. AVG.

NUMBER OF SALES

6

PRICE IN MILLIONS

H = 10

HHHH 5 4

AVG. PRICE PER TRANSACTION $

3 2

Q4.

2007

2010

2015

2016

2017

4,573,344

QUARTER 4 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HH 2017 2016 2015 2010 2007

AVG. PRICE PER TRANSACTION $

3,554,500

QUARTER 4 2017 vs 2007 +88% SALES

+29% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q4. 2017

32

28%

$ 4,573,344

-11%

Q4. 2016

25

-19%

$ 5,136,691

23%

Q4. 2015

31

48%

$ 4,168,952

59%

Q4. 2010

21

24%

$ 2,617,119

-26%

Q4. 2007

17

baseline

$ 3,554,500

baseline

YTD 2017

124

23%

$ 4,533,855

-4%

Date

© Westside Estate Agency

14

90005 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 4 2017

QTR. AVG.

NUMBER OF SALES

2.5

PRICE IN MILLIONS

H =1

HHHHHH 2.0

AVG. PRICE PER TRANSACTION 1.5

$

1.0

Q4.

2007

2010

2015

2016

2017

2,438,167

QUARTER 4 2007

H =1

NUMBER OF SALES NUMBER OF SALES

HHH 2017 2016 2015 2010 2007

AVG. PRICE PER TRANSACTION $

2,354,667

QUARTER 4 2017 vs 2007 +100% SALES

+4% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q4. 2017

6

-25%

$ 2,438,167

17%

Q4. 2016

8

-27%

$ 2,089,125

30%

Q4. 2015

11

22%

$ 1,607,727

24%

Q4. 2010

9

200%

$ 1,291,778

-45%

Q4. 2007

3

baseline

$ 2,354,667

baseline

YTD 2017

40

-2%

$ 2,375,575

22%

Date

© Westside Estate Agency

15

90027 AVG. PRICE PER TRANSACTION YTD AVG.

NUMBER OF SALES

2.5

PRICE IN MILLIONS

H = 10

QUARTER 4 2017

QTR. AVG.

HHHHH 2.0

AVG. PRICE PER TRANSACTION 1.5

$

1.0

Q4.

2007

2010

2015

2016

2017

2,140,505 H = 10

QUARTER 4 2007 NUMBER OF SALES

NUMBER OF SALES

HH 2017 2016 2015 2010 2007

AVG. PRICE PER TRANSACTION $

1,564,118

QUARTER 4 2017 vs 2007 +159% SALES

+37% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q4. 2017

44

10%

$ 2,140,505

8%

Q4. 2016

40

21%

$ 1,978,153

10%

Q4. 2015

33

18%

$ 1,791,697

18%

Q4. 2010

28

65%

$ 1,523,869

-3%

Q4. 2007

17

baseline

$ 1,564,118

baseline

YTD 2017

167

-8%

$ 2,447,452

42%

Date

© Westside Estate Agency

16

90064 AVG. PRICE PER TRANSACTION YTD AVG.

NUMBER OF SALES

2.0

PRICE IN MILLIONS

H = 10

QUARTER 4 2017

QTR. AVG.

HHHHHH 1.5

AVG. PRICE PER TRANSACTION $

1.0

Q4.

2007

2010

2015

2016

2017

1,796,292 H = 10

QUARTER 4 2007 NUMBER OF SALES

NUMBER OF SALES

HHHH AVG. PRICE PER TRANSACTION

2017 2016 2015 2010 2007

$

1,481,515

QUARTER 4 2017 vs 2007 +82% SALES

+21% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q4. 2017

60

-9%

$ 1,796,292

17%

Q4. 2016

66

57%

$ 1,538,120

6%

Q4. 2015

42

27%

$ 1,451,119

20%

Q4. 2010

33

0%

$ 1,205,712

-19%

Q4. 2007

33

baseline

$ 1,481,515

baseline

YTD 2017

265

12%

$ 1,920,084

9%

Date

© Westside Estate Agency

17

90291 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 4 2017

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

Q4.

2007

2010

2015

2016

2017

2,129,378

QUARTER 4 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

H AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

1,320,000

QUARTER 4 2017 vs 2007 +600% SALES

+61% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q4. 2017

49

11%

$ 2,129,378

-5%

Q4. 2016

44

-2%

$ 2,239,170

4%

Q4. 2015

45

36%

$ 2,147,544

86%

Q4. 2010

33

371%

$ 1,152,196

-13%

Q4. 2007

7

baseline

$ 1,320,000

baseline

YTD 2017

208

8%

$ 2,829,871

36%

Date

© Westside Estate Agency

18

90292 AVG. PRICE PER TRANSACTION YTD AVG.

NUMBER OF SALES

3.0

PRICE IN MILLIONS

H =5

QUARTER 4 2017

QTR. AVG.

HHH 2.5

AVG. PRICE PER TRANSACTION 2.0

$

2,654,900

1.5

Q4.

2007

2010

2015

2016

2017

H =5

QUARTER 4 2007 NUMBER OF SALES

NUMBER OF SALES

H AVG. PRICE PER TRANSACTION

2017 2016 2015 2010 2007

$

1,658,125

QUARTER 4 2017 vs 2007 +275% SALES

+60% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q4. 2017

15

114%

$ 2,654,900

8%

Q4. 2016

7

-22%

$ 2,449,857

-13%

Q4. 2015

9

0%

$ 2,807,444

161%

Q4. 2010

9

125%

$ 1,075,222

-35%

Q4. 2007

4

baseline

$ 1,658,125

baseline

YTD 2017

50

43%

$ 2,645,270

21%

Date

© Westside Estate Agency

19

90293 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 4 2017

QTR. AVG.

NUMBER OF SALES

2.0

PRICE IN MILLIONS

H =1

HHHHH 1.5

AVG. PRICE PER TRANSACTION $

1.0

Q4.

2007

2010

2015

2016

2017

1,657,456

QUARTER 4 2007

H =1

NUMBER OF SALES NUMBER OF SALES

HHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

1,271,667

QUARTER 4 2017 vs 2007 +67% SALES

+30% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q4. 2017

5

-58%

$ 1,657,456

17%

Q4. 2016

12

20%

$ 1,419,167

11%

Q4. 2015

10

-17%

$ 1,273,400

21%

Q4. 2010

12

300%

$ 1,049,583

-17%

Q4. 2007

3

baseline

$ 1,271,667

baseline

YTD 2017

49

9%

$ 1,825,853

22%

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 4 2017 AVG. NUMBER OF SALES

HHHHHHH AVG. PRICE PER TRANSACTION 2.0

$

H =50

QUARTER 4 2007

1.5

Q4.

2,405,496

2007

2010

2015

2016

2017

AVG. NUMBER OF SALES

HHHH

NUMBER OF SALES

AVG. PRICE PER TRANSACTION 2017

$

2016

2,313,094

2015

QUARTER 4 2017 vs 2007

2010 2007

+95% SALES

+4% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q4. 2017

349

4%

$ 2,405,496

9%

Q4. 2016

337

-25%

$ 2,197,713

-10%

Q4. 2015

447

100%

$ 2,454,979

25%

Q4. 2010

223

25%

$ 1,957,467

-15%

Q4. 2007

179

baseline

$ 2,313,094

baseline

YTD 2017

1609

-3%

$ 2,333,564

0%

Date

© 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

132

$ 4,793,504

191

45%

$ 4,209,130

-12%

309

62%

$ 6,205,686

47%

90211

15

$ 1,591,401

30

100%

$ 1,493,300

-6%

40

33%

$ 2,173,800

46%

90069

74

$ 2,498,764

70

-5%

$ 1,975,114

-21%

153

119%

$ 3,571,997

81%

90077

80

$ 4,083,748

77

-4%

$ 3,099,753

-24%

121

57%

$ 5,795,033

87%

90046

111

$ 1,455,518

147

32%

$ 1,181,466

-19%

318

116%

$ 1,806,136

53%

90265

101

$ 5,243,752

123

22%

$ 4,270,407

-19%

241

96%

$ 4,646,720

9%

90272

132

$ 3,013,931

214

62%

$ 2,479,478

-18%

278

30%

$ 3,640,695

47%

90024

35

$ 2,559,743

68

94%

$ 2,203,375

-14%

71

4%

$ 2,984,507

35%

90049

142

$ 3,418,568

206

45%

$ 2,211,086

-35%

276

34%

$ 4,044,806

83%

90025

37

$ 1,155,124

44

19%

$ 1,026,580

-11%

77

75%

$ 1,382,585

35%

90402

56

$ 3,348,286

94

68%

$ 2,492,644

-26%

102

9%

$ 4,182,834

68%

90005

10

$ 2,128,900

29

190%

$ 1,268,103

-40%

44

52%

$ 2,179,795

72%

90027

79

$ 1,414,135

89

13%

$ 1,276,487

-10%

177

99%

$ 1,608,214

26%

90064

134

$ 1,298,034

131

-2%

$ 1,150,337

-11%

184

40%

$ 1,501,429

31%

90291

83

$ 1,364,470

118

42%

$ 1,079,877

-21%

181

53%

$ 2,062,003

91%

90292

17

$ 1,779,059

29

71%

$ 1,446,724

-19%

37

28%

$ 2,341,230

62%

90293

16

$ 1,405,969

36

125%

$ 1,142,792

-19%

41

14%

$ 1,768,943

55%

Miami

1156

$ 2,113,148

923

-20%

$ 2,068,255

-2%

2041

121%

$ 2,385,160

15%

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

283

-8%

$ 6,283,597

1%

285

1%

$ 6,685,363

6%

116%

39%

33

-18%

$ 2,194,939

1%

33

0%

$ 2,433,364

11%

120%

53%

148

-3%

$ 3,793,200

6%

155

5%

$ 3,381,365

-11%

109%

35%

118

-2%

$ 5,544,182

-4%

145

23%

$ 6,144,190

11%

81%

50%

293

-8%

$ 1,833,972

2%

308

5%

$ 2,074,416

13%

177%

43%

243

1%

$ 4,534,840

-2%

231

-5%

$ 4,953,318

9%

129%

-6%

275

-1%

$ 3,765,677

3%

281

2%

$ 4,008,699

6%

113%

33%

103

45%

$ 4,705,719

58%

83

-19%

$ 3,698,157

-21%

137%

44%

286

4%

$ 3,761,519

-7%

314

10%

$ 3,876,954

3%

121%

13%

69

-10%

$ 1,469,007

6%

72

4%

$ 1,776,881

21%

95%

54%

101

-1%

$ 4,744,731

13%

124

23%

$ 4,533,855

-4%

121%

35%

41

-7%

$ 1,940,931

-11%

40

-2%

$ 2,375,575

22%

300%

12%

181

2%

$ 1,721,161

7%

167

-8%

$ 2,447,452

42%

111%

73%

236

28%

$ 1,765,535

18%

265

12%

$ 1,920,084

9%

98%

48%

192

6%

$ 2,087,680

1%

208

8%

$ 2,829,871

36%

151%

107%

35

-5%

$ 2,186,586

-7%

50

43%

$ 2,645,270

21%

194%

49%

45

10%

$ 1,498,444

-15%

49

9%

$ 1,825,853

22%

206%

30%

1653

-19%

2,328,907

-2%

1609

-3%

2,333,564

0%

39%

10% 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.

24

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

25