MICRO MARKET REPORT LOS ANGELES & MIAMI ISSUE #32 01/15/19 FOR Q4 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 IT’S HERE NOW I’ve been warning of a slowdown and previously discussed the proliferation of modern speculative homes all coming to market within a short time frame of each other. Well, the time is now. We are quickly becoming a buyer’s market. The following four items have factored into the recent shift in the market: 1. The new tax law limiting property tax deduction to $10k, as well as no longer being able to deduct California State Tax from Federal Income Tax; 2. As of January 1, newly divorced people can no longer deduct spousal support from Federal Income Tax; 3. Rising interest rates. While interest rates are still historically low, an increase from 3% to 4% (or more) is a 33% increase, which makes it more difficult for many people to qualify for loans; 4. Too many similarly designed modern speculative houses on the market that will take years to absorb. Despite this recent shift, there is encouraging news. We will not experience the same problems that occurred when the 2008 bubble burst, which was primarily driven by negative equity in homes that led to a huge number of foreclosures. Currently, almost all sellers have significant equity in their homes. The only ones forced to sell at market prices or lower will be those homes not occupied, which provide no value to the owner. Hint: speculative homes. Finally, even though we are entering a changing market, it has continued to be difficult for many buyers to find a house they love and want to buy. Given this challenge, once a buyer finds a dream home, it’s important that they act, and have a great and experienced agent negotiate the best price possible. We will be in good shape as long as everyone is realistic. Stephen Shapiro Co-Founder, Westside Estate Agency 3
90210 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 4 2018
QTR. AVG.
NUMBER OF SALES
8
PRICE IN MILLIONS
H = 10
HHHHHH 7 6
AVG. PRICE PER TRANSACTION $
5 4
Q4.
2010
2015
2016
2017
2018
7,788,518
QUARTER 4 2017
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHHH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
7,258,635
QUARTER 4 2018 vs 2017 -5% SALES
+7% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
60
-5%
$7,788,518
7%
Q4. 2017
63
-14%
$7,258,635
0%
Q4. 2016
73
-6%
$7,232,562
33%
Q4. 2015
78
56%
$5,446,931
33%
Q4. 2010
50
baseline
$4,083,756
baseline
YTD 2018
268
-6%
$6,147,112
-8%
Date
© Westside Estate Agency
4
90211 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 4 2018
QTR. AVG.
NUMBER OF SALES
3.5
PRICE IN MILLIONS
H =1
HHHHH
3.0 2.5
AVG. PRICE PER TRANSACTION
2.0
$ 1.5 1.0
Q4.
2010
2015
2016
2017
2018
2,390,400
QUARTER 4 2017
H =1
NUMBER OF SALES NUMBER OF SALES
HHH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
3,074,667
QUARTER 4 2018 vs 2017 +67% SALES
-22% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
5
67%
$2,390,400
-22%
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
baseline
$1,624,900
baseline
YTD 2018
26
-21%
$2,579,308
6%
Date
© Westside Estate Agency
5
90069 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
QUARTER 4 2018
QTR. AVG.
HHH 4 3
AVG. PRICE PER TRANSACTION $
2 1
Q4.
2010
2015
2016
2017
2018
3,291,365 H = 10
QUARTER 4 2017 NUMBER OF SALES
NUMBER OF SALES
HHH 2018
AVG. PRICE PER TRANSACTION $
2017 2016 2015 2010
3,107,621
QUARTER 4 2018 vs 2017 -10% SALES
+6% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
26
-10%
$3,291,365
6%
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
baseline
$1,793,050
baseline
YTD 2018
143
-8%
$4,053,682
20%
Date
© Westside Estate Agency
6
90077 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 4 2018
QTR. AVG.
NUMBER OF SALES
8
PRICE IN MILLIONS
H = 10
HHH
7 6
AVG. PRICE PER TRANSACTION
5
$ 4 3
Q4.
2010
2015
2016
2017
2018
4,357,100
QUARTER 4 2017
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
6,652,300
QUARTER 4 2018 vs 2017 -30% SALES
-35% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
28
-30%
$4,357,100
-35%
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
baseline
$3,257,038
baseline
YTD 2018
113
-22%
$6,025,933
-2%
Date
© Westside Estate Agency
7
90046 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H = 10
QUARTER 4 2018
QTR. AVG.
HHHHHHH 2.0
AVG. PRICE PER TRANSACTION 1.5
$
1.0
Q4.
2010
2015
2016
2017
2018
2,190,531 H = 10
QUARTER 4 2017 NUMBER OF SALES
NUMBER OF SALES
HHHHHHHHH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
1,891,982
QUARTER 4 2018 vs 2017 -20% SALES
+16% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
66
-20%
$2,190,531
16%
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
baseline
$1,182,275
baseline
YTD 2018
288
-6%
$2,130,077
3%
Date
© Westside Estate Agency
8
90265 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 4 2018
QTR. AVG.
NUMBER OF SALES
6
PRICE IN MILLIONS
H = 10
HHHHH 5
AVG. PRICE PER TRANSACTION $
4
Q4.
2010
2015
2016
2017
2018
4,038,679
QUARTER 4 2017
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015
4,558,114
QUARTER 4 2018 vs 2017
2010
-7% SALES
-11% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
41
-7%
$4,038,679
-11%
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
baseline
$4,421,279
baseline
YTD 2018
234
1%
$5,539,510
12%
Date
© Westside Estate Agency
9
90272 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
QUARTER 4 2018
QTR. AVG.
HHHHHH 4 3
AVG. PRICE PER TRANSACTION $
2 1
Q4.
2010
2015
2016
2017
2018
4,311,731
QUARTER 4 2017
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
4,358,438
QUARTER 4 2018 vs 2017 -4% SALES
-1% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
54
-4%
$4,311,731
-1%
Q4. 2017
56
2%
$4,358,438
5%
Q4. 2016
55
0%
$4,157,236
19%
Q4. 2015
55
15%
$3,497,191
81%
Q4T. 2010
48
baseline
$1,927,036
baseline
YTD 2018
240
-15%
$4,667,164
16%
Date
© Westside Estate Agency
10
90024 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 4 2018
QTR. AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
HH 4
AVG. PRICE PER TRANSACTION 3
$
2
Q4.
2010
2015
2016
2017
2018
3,024,075 H = 10
QUARTER 4 2017 NUMBER OF SALES
NUMBER OF SALES
HH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
2,599,711
QUARTER 4 2018 vs 2017 +5% SALES
+16% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
20
5%
$3,024,075
16%
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
baseline
$2,336,900
baseline
YTD 2018
79
-5%
$3,495,566
-5%
Date
© Westside Estate Agency
11
90049 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
6
PRICE IN MILLIONS
H = 10
QUARTER 4 2018
QTR. AVG.
HHHHHHHH 5 4
AVG. PRICE PER TRANSACTION $
3 2
Q4.
2010
2015
2016
2017
2018
4,666,658 H = 10
QUARTER 4 2017 NUMBER OF SALES
NUMBER OF SALES
HHHHHHHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
4,057,732
QUARTER 4 2018 vs 2017 +3% SALES
+15% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
73
3%
$4,666,658
15%
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
baseline
$2,164,039
baseline
YTD 2018
303
-4%
$4,660,966
20%
Date
© Westside Estate Agency
12
90025 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 4 2018
QTR. AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H =5
HHHH 2.0
AVG. PRICE PER TRANSACTION 1.5
$
2,098,816
1.0
Q4.
2010
2015
2016
2017
2018
QUARTER 4 2017
H =5
NUMBER OF SALES NUMBER OF SALES
HHHH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
1,606,578
QUARTER 4 2018 vs 2017 +12% SALES
+31% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
19
12%
$2,098,816
31%
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
baseline
$1,064,636
baseline
YTD 2018
69
-4%
$1,868,928
5%
Date
© Westside Estate Agency
13
90402 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 4 2018
QTR. AVG.
NUMBER OF SALES
6
PRICE IN MILLIONS
H = 10
HHH 5 4
AVG. PRICE PER TRANSACTION $
3 2
Q4.
2010
2015
2016
2017
2018
4,999,182
QUARTER 4 2017
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
4,573,344
QUARTER 4 2018 vs 2017 -31% SALES
+9% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
22
-31%
$4,999,182
9%
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
baseline
$2,617,119
baseline
YTD 2018
91
-27%
$4,627,687
2%
Date
© Westside Estate Agency
14
90005 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 4 2018
QTR. AVG.
NUMBER OF SALES
3.5
PRICE IN MILLIONS
H =1
HHHHHH
3.0 2.5
AVG. PRICE PER TRANSACTION
2.0
$ 1.5 1.0
Q4.
2010
2015
2016
2017
2018
1,655,250
QUARTER 4 2017
H =1
NUMBER OF SALES NUMBER OF SALES
HHHHHH 2018
AVG. PRICE PER TRANSACTION $
2017 2016 2015 2010
2,438,167
QUARTER 4 2018 vs 2017 0% SALES
-32% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
6
0%
$1,655,250
-32%
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
baseline
$1,291,778
baseline
YTD 2018
33
-18%
$3,071,909
29%
Date
© Westside Estate Agency
15
90027 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H = 10
QUARTER 4 2018
QTR. AVG.
HHHHH 2.0
AVG. PRICE PER TRANSACTION 1.5
$
1.0
Q4.
2010
2015
2016
2017
2018
2,074,131
QUARTER 4 2017
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
2,140,505
QUARTER 4 2018 vs 2017 +7% SALES
-3% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
47
7%
$2,074,131
-3%
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
baseline
$1,523,869
baseline
YTD 2018
181
8%
$2,190,083
-11%
Date
© Westside Estate Agency
16
90064 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 4 2018
QTR. AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H = 10
HHHHH 2.0
AVG. PRICE PER TRANSACTION 1.5
$
2,067,293
1.0
Q4.
2010
2015
2016
2017
2018
QUARTER 4 2017
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
1,796,292
QUARTER 4 2018 vs 2017 -23% SALES
+15% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
46
-23%
$2,067,293
15%
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
baseline
$1,205,712
baseline
YTD 2018
221
-17%
$2,020,133
5%
Date
© Westside Estate Agency
17
90291 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 4 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
Q4.
2010
2015
2016
2017
2018
2,102,516
QUARTER 4 2017
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
2,102,516
QUARTER 4 2018 vs 2017 +4% SALES
-1% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
51
4%
$2,102,516
-1%
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
baseline
$1,152,196
baseline
YTD 2018
191
-9%
$2,176,740
-23%
Date
© Westside Estate Agency
18
90292 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 4 2018
QTR. AVG.
NUMBER OF SALES
3.0
PRICE IN MILLIONS
H =5
HH 2.5 2.0
AVG. PRICE PER TRANSACTION $
1.5 1.0
Q4.
2010
2015
2016
2017
2018
2,417,734
QUARTER 4 2017
H =5
NUMBER OF SALES NUMBER OF SALES
HHH 2018
AVG. PRICE PER TRANSACTION $
2017 2016 2015 2010
2,654,900
QUARTER 4 2018 vs 2017 -40% SALES
-9% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
9
-40%
$2,417,734
-9%
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
baseline
$1,075,222
baseline
YTD 2018
34
-32%
$2,422,431
-8%
Date
© Westside Estate Agency
19
90293 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
2.0
PRICE IN MILLIONS
H =1
QUARTER 4 2018
QTR. AVG.
HHHH 1.5
AVG. PRICE PER TRANSACTION $
1.0
Q4.
2010
2015
2016
2017
2018
1,781,125
QUARTER 4 2017
H =1
NUMBER OF SALES NUMBER OF SALES
HHHHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
1,657,465
QUARTER 4 2018 vs 2017 -20% SALES
+7% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
4
-20%
$1,781,125
7%
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
baseline
$1,049,583
baseline
YTD 2018
52
6%
$1,794,606
-2%
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 2018 AVG. NUMBER OF SALES
HHHHHHHH AVG. PRICE PER TRANSACTION 2.0
$
H =50
QUARTER 4 2017
1.5
Q4.
2,206,056
2010
2015
2016
2017
2018
AVG. NUMBER OF SALES
HHHHHHHH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION 2018
$
2017
2,342,509
2016
QUARTER 4 2018 vs 2017
2015 2010
+6% SALES
-6% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q4. 2018
397
6%
$2,206,056
-6%
Q4. 2017
373
11%
$2,342,509
7%
Q4. 2016
337
-25%
$2,197,713
-10%
Q4. 2015
447
100%
$2,454,979
25%
Q4. 2010
223
baseline
$1,957,467
baseline
YTD 2018
1919
17%
$2,391,631
3%
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
191
$4,209,130
310
62%
$6,204,700
47%
284
-8%
$6,283,127
1%
90211
30
$1,493,300
40
33%
$2,173,800
46%
33
-18%
$2,194,939
1%
90069
70
$1,975,114
152
117%
$3,572,799
81%
148
-3%
$3,793,200
6%
90077
77
$3,099,753
121
57%
$5,795,033
87%
118
-2%
$5,544,182
-4%
90046
147
$1,181,466
318
116%
$1,806,136
53%
293
-8%
$1,833,972
2%
90265
123
$4,270,407
238
93%
$4,698,989
10%
243
2%
$4,534,840
-3%
90272
214
$2,479,478
278
30%
$3,640,695
47%
275
-1%
$3,765,677
3%
90024
68
$2,203,375
71
4%
$2,984,507
35%
103
45%
$4,705,719
58%
90049
207
$2,209,390
276
33%
$4,044,806
83%
286
4%
$3,761,519
-7%
90025
44
$1,026,580
77
75%
$1,382,585
35%
69
-10%
$1,469,007
6%
90402
94
$2,492,644
102
9%
$4,182,834
68%
101
-1%
$4,744,731
13%
90005
29
$1,268,103
44
52%
$2,179,795
72%
41
-7%
$1,940,931
-11%
90027
89
$1,276,487
177
99%
$1,608,214
26%
181
2%
$1,721,161
7%
90064
131
$1,150,337
184
40%
$1,501,429
31%
236
28%
$1,765,535
18%
90291
118
$1,079,877
181
53%
$2,062,003
91%
192
6%
$2,087,680
1%
90292
29
$1,446,724
37
28%
$2,341,230
62%
35
-5%
$2,186,586
-7%
90293
36
$1,142,792
41
14%
$1,768,943
55%
45
10%
$1,498,444
-15%
Miami
923
$2,068,255
2040
121%
$2,384,521
15%
1653
-19%
$2,328,907
-2%
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
285
0%
$6,685,363
6%
268
-6%
$6,147,112
-8%
33
0%
$2,433,364
11%
26
-21%
$2,579,308
6%
155
5%
$3,381,365
-11%
143
-8%
$4,053,682
20%
145
23%
$6,144,190
11%
113
-22%
$6,025,933
-2%
308
5%
$2,074,416
13%
288
-6%
$2,130,077
3%
231
-5%
$4,953,318
9%
234
1%
$5,539,510
12%
281
2%
$4,008,699
6%
240
-15%
$4,667,164
16%
83
-19%
$3,698,157
-21%
79
-5%
$3,495,566
-5%
314
10%
$3,876,954
3%
303
-4%
$4,660,966
20%
72
4%
$1,776,881
21%
69
-4%
$1,868,928
5%
124
23%
$4,533,855
-4%
91
-27%
$4,627,687
2%
40
-2%
$2,375,575
22%
33
-18%
$3,071,909
29%
167
-8%
$2,447,452
42%
181
8%
$2,190,083
-11%
265
12%
$1,920,084
9%
221
-17%
$2,020,133
5%
209
9%
$2,823,029
35%
191
-9%
$2,176,740
-23%
50
43%
$2,645,270
21%
34
-32%
$2,422,431
-8%
49
9%
$1,825,853
22%
52
6%
$1,794,606
-2%
1637
-1%
$2,318,369
0%
1919
17%
$2,391,631
3%
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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