ISSUE #58 JANUARY 2026 | Q4 2025 STATISTICS
WEA MESSAGE
ZIP CODE 90210 - BEVERLY HILLS
ZIP CODE 90211 - BEVERLY HILLS
ZIP CODE 90212 - BEVERLY HILLS
ZIP CODE 90069 - SUNSET STRIP
ZIP CODE 90077 - BEL AIR
ZIP CODE 90046 - WEST HOLLYWOOD
ZIP CODE 90265 - MALIBU
ZIP CODE 90272 - PACIFIC PALISADES
ZIP CODE 90024 - WESTWOOD
ZIP CODE 90292 - MARINA DEL REY
ZIP CODE 90049 - BRENTWOOD
ZIP CODE 90025 - WEST LA
ZIP CODE 90402 - SANTA MONICA
ZIP CODE 90027 - LOS FELIZ
ZIP CODE 90064 - CHEVIOT HILLS
ZIP CODE 90291 - VENICE
ZIP CODES YEAR TO DATE SALES
A MESSAGE FROM WEA
4th QUARTER THOUGHTS
Thanks for looking at the micro report. The results are as expected. Prices up, transactions down, and inventory weak but growing. As for interest rates, they hover around 6%, which is the “normal and usual” rate over the past 50-year period. The first house I purchased in 1976 had a 6% interest rate; anyone who is waiting for rates to drop to the 3s again will probably never buy. Those low rates actually messed up our market. The buying frenzy not only ate up inventory but also caused a dramatic increase in prices for which we are still suffering.
Next, the merger of Compass and Anywhere (Coldwell Banker, Sotheby’s, Corcoran, plus other franchises) is further consolidation of the industry. Think Toyota vs. Mercedes. I think this is a great situation for the smaller brokerages who depend on personal relationships and higher quality service. We are not at all intimidated as they work for stockholders and we work for clients. As they try to keep listings to themselves in an attempt to get two sides of a transaction, we are believers in SHARING with the community as a whole to benefit our sellers. That’s our job.
Finally, it is disappointing but understandable that Rick Caruso has decided not to run for mayor of Los Angeles or Governor of California. We could use some great ideas and even better common sense in our government. Do you realize that 12 of the 15 LA City Council members have NEVER had a job in the private sector? They don’t have any understanding of what it takes to be in business. I just read a study that showed California led the nation for the 5th year in a row in net emigration - 5 years in a row.
We look forward to a terrific 2026 including peace and prosperity.
Stephen Shapiro Co-Founder, Westside Estate Agency
9.15
8.59
2.79
2.67
3.42
4.10
3.57
5.08
8.66
4.81
3.81
2.28
5.93
4.72
5.25
2.91
3.31
2.77
3.38
4.86
2.29
1.95
2.59
2.61
2.34
2.70
2.54
2.48
PROPERTIES OF $1M OR MORE
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 2015, 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.
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 cutting-edge 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.
Westside Estate Agency
460 North Canon Drive Beverly Hills, CA 90210
310.247.7770
SalesBH@WEAhomes.com
Westside Estate Agency
3900 Cross Creek Rd #5 Malibu, CA 90265
310.456.1171
SalesMalibu@WEAhomes.com
