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.
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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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