MICRO MARKET REPORT LOS ANGELES & MIAMI ISSUE #30 07/15/18 FOR Q2 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 MARKET OVERVIEW FOR THE FIRST HALF OF 2018 In reviewing the first six months of the year, there is clear direction almost across the board that the number of transactions has softened in our $5 million and above market. The total number of transactions are down 10% compared to 2017 for all $5M+ deals (272 vs. 301): • Transactions on $10M+ deals are down 15% vs (80 vs. 94) • Transactions on $20M+ deals are down 25% (24 vs. 32) • Transactions on $30M+ deals are down 13% (13 vs. 15) • Transactions on $40M+ deals are up 40% (7 vs. 5) Of the 24 deals in excess of $20M, Americans made up 79% (19), while there were 5 foreign buyers (one each from: Monaco, Mexico, Japan, England, and Canada). This is a clear indication that our market is quite local, and the influx of Russian and Chinese real estate investments have slowed or ceased. Perhaps the new tax law is having an effect on the higher priced homes. With a cap of $10k deductibility of property tax, the purchase of a $20M home will result in a buyer paying over $240k more annually than before the tax change. In addition, the lack of deductibility of the California state income tax (13.3% if earning $1M+) has made the cost of living sky rocket. Please read our detailed Micro Market Report to see what is happening in your particular zip code. Stephen Shapiro Co-Founder, Westside Estate Agency 3
90210 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2018
QTR. AVG.
NUMBER OF SALES
8
PRICE IN MILLIONS
H = 10
HHHHHHH
7 6
AVG. PRICE PER TRANSACTION
5
$ 4 3
Q2.
2010
2015
2016
2017
2018
5,532,984
QUARTER 2 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHH 2018
AVG. PRICE PER TRANSACTION $
2017 2016 2015 2010
3,606,045
QUARTER 2 2018 vs 2010 +14% SALES
+53% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
64
-29%
$5,532,984
-22%
Q2. 2017
90
17%
$7,130,144
6%
Q2. 2016
77
-16%
$6,699,974
4%
Q2. 2015
92
64%
$6,411,875
78%
Q2. 2010
56
baseline
$3,606,045
baseline
YTD 2018
126
-14%
$5,633,242
-20%
Date
© Westside Estate Agency
4
90211 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2018
QTR. AVG.
NUMBER OF SALES
3.5
PRICE IN MILLIONS
H =1
HHHHHHH
3.0 2.5
AVG. PRICE PER TRANSACTION
2.0
$
1.5
3,049,714
1.0
Q2.
2010
2015
2016
2017
2018
QUARTER 2 2010
H =1
NUMBER OF SALES NUMBER OF SALES
HHHHHH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
1,584,000
QUARTER 2 2018 vs 2010 +17% SALES
+93% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
7
-46%
$3,049,714
48%
Q2. 2017
13
160%
$2,060,769
-14%
Q2. 2016
5
-58%
$2,389,500
-5%
Q2. 2015
12
100%
$2,503,458
58%
Q2. 2010
6
baseline
$1,584,000
baseline
YTD 2018
12
-43%
$2,706,000
14%
Date
© Westside Estate Agency
5
90069 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2018
QTR. AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
HHHHH 4
AVG. PRICE PER TRANSACTION 3
$
3,707,852
2
Q2.
2010
2015
2016
2017
2018
QUARTER 2 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
2,144,543
QUARTER 2 2018 vs 2010 +91% SALES
+73% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
44
0%
$3,707,852
17%
Q2. 2017
44
10%
$3,179,932
-15%
Q2. 2016
40
3%
$3,759,351
-10%
Q2. 2015
39
70%
$4,176,359
95%
Q2. 2010
23
baseline
$2,144,543
baseline
YTD 2018
73
-9%
$3,959,959
14%
Date
© Westside Estate Agency
6
90077 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2018
QTR. AVG.
NUMBER OF SALES
8
PRICE IN MILLIONS
H = 10
HHHH
7 6
AVG. PRICE PER TRANSACTION
5
$
4
6,449,815
3
Q2.
2010
2015
2016
2017
2018
QUARTER 2 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
3,818,220
QUARTER 2 2018 vs 2010 +48% SALES
+69% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
37
-14%
$6,449,815
29%
Q2. 2017
43
34%
$5,014,349
-13%
Q2. 2016
32
-14%
$5,788,813
-24%
Q2. 2015
37
48%
$7,609,500
99%
Q2. 2010
25
baseline
$3,818,220
baseline
YTD 2018
55
-23%
$7,252,667
32%
Date
© Westside Estate Agency
7
90046 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H = 10
QUARTER 2 2018
QTR. AVG.
HHHHHHHHH 2.0
AVG. PRICE PER TRANSACTION 1.5
$
2,204,114
1.0
Q2.
2010
2015
2016
2017
2018
H = 10
QUARTER 2 2010 NUMBER OF SALES
NUMBER OF SALES
HHHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015
1,173,325
QUARTER 2 2018 vs 2010
2010
+108% SALES
+88% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
83
1%
$2,204,114
8%
Q2. 2017
82
21%
$2,033,422
14%
Q2. 2016
68
-32%
$1,776,949
1%
Q2. 2015
100
150%
$1,751,396
49%
Q2. 2010
40
baseline
$1,173,325
baseline
YTD 2018
138
-6%
$2,206,845
-2%
Date
© Westside Estate Agency
8
90265 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
8
PRICE IN MILLIONS
H = 10
QUARTER 2 2018
QTR. AVG.
HHHHHHHH
7 6
AVG. PRICE PER TRANSACTION
5
$
4
6,808,514
3
Q2.
2010
2015
2016
2017
2018
QUARTER 2 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
3,806,703
QUARTER 2 2018 vs 2010 +95% SALES
+79% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
72
7%
$6,808,514
15%
Q2. 2017
67
8%
$5,901,688
42%
Q2. 2016
62
-7%
$4,155,306
11%
Q2. 2015
67
81%
$3,759,888
-1%
Q2. 2010
37
baseline
$3,806,703
baseline
YTD 2018
120
3%
$6,711,533
29%
Date
© Westside Estate Agency
9
90272 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2018
QTR. AVG.
NUMBER OF SALES
6
PRICE IN MILLIONS
H = 10
HHHHHHH 5 4
AVG. PRICE PER TRANSACTION $
3
5,319,667
2
Q2.
2010
2015
2016
2017
2018
QUARTER 2 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHH 2018
AVG. PRICE PER TRANSACTION $
2017 2016 2015 2010
2,595,533
QUARTER 2 2018 vs 2010 +15% SALES
+105% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
69
-14%
$5,319,667
37%
Q2. 2017
80
0%
$3,886,538
11%
Q2. 2016
80
-15%
$3,487,341
-2%
Q2. 2015
94
57%
$3,564,729
37%
Q3T. 2010
60
baseline
$2,595,533
baseline
YTD 2018
125
-17%
$5,231,059
36%
Date
© Westside Estate Agency
10
90024 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
QUARTER 2 2018
QTR. AVG.
HH 4 3
AVG. PRICE PER TRANSACTION $
2 1
Q2.
2010
2015
2016
2017
2018
4,472,325 H = 10
QUARTER 2 2010 NUMBER OF SALES
NUMBER OF SALES
HH 2018
AVG. PRICE PER TRANSACTION $
2017 2016 2015 2010
1,759,147
QUARTER 2 2018 vs 2010 +18% SALES
+154% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
20
-20%
$4,472,325
2%
Q2. 2017
25
-26%
$4,391,840
43%
Q2. 2016
34
100%
$3,080,838
14%
Q2. 2015
17
0%
$2,691,824
53%
Q2. 2010
17
baseline
$1,759,147
baseline
YTD 2018
39
-5%
$4,039,415
4%
Date
© Westside Estate Agency
11
90049 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2018
QTR. AVG.
NUMBER OF SALES
6
PRICE IN MILLIONS
H = 10
HHHHHHH
5 4
AVG. PRICE PER TRANSACTION
3
$ 2 1
Q2.
2010
2015
2016
2017
2018
5,078,471
QUARTER 2 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
1,855,882
QUARTER 2 2018 vs 2010 +25% SALES
+174% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
69
-27%
$5,078,471
40%
Q2. 2017
94
24%
$3,638,682
-12%
Q2. 2016
76
-14%
$4,127,578
15%
Q2. 2015
88
60%
$3,593,839
94%
Q2. 2010
55
baseline
$1,855,882
baseline
YTD 2018
145
-9%
$4,867,248
26%
Date
© Westside Estate Agency
12
90025 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2018
QTR. AVG.
NUMBER OF SALES
2.0
PRICE IN MILLIONS
H =5
HHHHH 1.5
AVG. PRICE PER TRANSACTION $
1,841,625
1.0
Q2.
2010
2015
2016
2017
2018
QUARTER 2 2010
H =5
NUMBER OF SALES NUMBER OF SALES
HHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
1,052,500
QUARTER 2 2018 vs 2010 +100% SALES
+75% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
24
-11%
$1,841,625
3%
Q2. 2017
27
13%
$1,790,167
23%
Q2. 2016
24
9%
$1,460,688
5%
Q2. 2015
22
83%
$1,392,252
32%
Q2. 2010
12
baseline
$1,052,500
baseline
YTD 2018
39
-5%
$1,748,090
-6%
Date
© Westside Estate Agency
13
90402 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2018
QTR. AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
HHH 4
AVG. PRICE PER TRANSACTION 3
$
2
Q2.
2010
2015
2016
2017
2018
4,164,914
QUARTER 2 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHH 2018
AVG. PRICE PER TRANSACTION $
2017 2016 2015 2010
2,616,443
QUARTER 2 2018 vs 2010 -17% SALES
+59% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
29
-19%
$4,164,914
-7%
Q2. 2017
36
44%
$4,473,944
-6%
Q2. 2016
25
0%
$4,769,220
23%
Q2. 2015
25
-29%
$3,865,600
48%
Q2. 2010
35
baseline
$2,616,443
baseline
YTD 2018
42
-31%
$4,351,500
6%
Date
© Westside Estate Agency
14
90005 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2018
QTR. AVG.
NUMBER OF SALES
4.0
PRICE IN MILLIONS
H =1
HHHHHHHHHHH
3.5 3.0 2.5
AVG. PRICE PER TRANSACTION
2.0
$
1.5 1.0
Q2.
2010
2015
2016
2017
2018
2,870,818
QUARTER 2 2010
H =1
NUMBER OF SALES NUMBER OF SALES
HHHHHH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
1,190,000
QUARTER 2 2018 vs 2010 +83% SALES
+141% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
11
-27%
$2,870,818
60%
Q2. 2017
15
25%
$1,797,267
18%
Q2. 2016
12
50%
$1,522,667
-33%
Q2. 2015
8
33%
$2,283,750
92%
Q2. 2010
6
baseline
$1,190,000
baseline
YTD 2018
18
-22%
$3,749,667
70%
Date
© Westside Estate Agency
15
90027 AVG. PRICE PER TRANSACTION
PRICE IN MILLIONS
YTD AVG.
QUARTER 2 2018
QTR. AVG.
H = 10
NUMBER OF SALES
3.0
HHHHHH 2.5 2.0
AVG. PRICE PER TRANSACTION $
1.5 1.0
Q2.
2010
2015
2016
2017
2018
2,230,842
QUARTER 2 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
1,281,769
QUARTER 2 2018 vs 2010 +108% SALES
+74% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
54
2%
$2,230,842
-16%
Q2. 2017
53
10%
$2,646,521
78%
Q2. 2016
48
-2%
$1,487,250
-3%
Q2. 2015
49
88%
$1,531,418
19%
Q2. 2010
26
baseline
$1,281,769
baseline
YTD 2018
90
8%
$2,153,733
-25%
Date
© Westside Estate Agency
16
90064 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2018
QTR. AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H = 10
HHHHHHH 2.0
AVG. PRICE PER TRANSACTION 1.5
$
1.0
Q2.
2010
2015
2016
2017
2018
2,017,098
QUARTER 2 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
1,081,786
QUARTER 2 2018 vs 2010 +45% SALES
+86% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
61
-15%
$2,017,098
-6%
Q2. 2017
72
29%
$2,134,682
15%
Q2. 2016
56
8%
$1,859,102
26%
Q2. 2015
52
24%
$1,479,354
37%
Q2. 2010
42
baseline
$1,081,786
baseline
YTD 2018
102
-22%
$1,998,265
-7%
Date
© Westside Estate Agency
17
90291 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2018
QTR. AVG.
NUMBER OF SALES
3.5
PRICE IN MILLIONS
H = 10
HHHHHH
3.0 2.5
AVG. PRICE PER TRANSACTION
2.0
$
1.5
2,225,202
1.0
Q2.
2010
2015
2016
2017
2018
QUARTER 2 2010
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
1,077,486
QUARTER 2 2018 vs 2010 +49% SALES
+107% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
52
6%
$2,225,202
-19%
Q2. 2017
49
-6%
$2,732,920
35%
Q2. 2016
52
-9%
$2,022,471
-3%
Q2. 2015
57
63%
$2,082,912
93%
Q2. 2010
35
baseline
$1,077,486
baseline
YTD 2018
89
-12%
$2,233,090
-35%
Date
© Westside Estate Agency
18
90292 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
3.0
PRICE IN MILLIONS
H =1
QUARTER 2 2018
QTR. AVG.
HHHHHHHH 2.5
AVG. PRICE PER TRANSACTION 2.0
$
1.5
Q2.
2010
2015
2016
2017
2018
2,724,688
QUARTER 2 2010
H =1
NUMBER OF SALES NUMBER OF SALES
HHHHHH 2018 2017 2016 2015 2010
AVG. PRICE PER TRANSACTION $
1,689,333
QUARTER 2 2018 vs 2010 +33% SALES
+61% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
8
-27%
$2,724,688
2%
Q2. 2017
11
22%
$2,668,545
6%
Q2. 2016
9
125%
$2,518,778
40%
Q2. 2015
4
-33%
$1,797,500
6%
Q2. 2010
6
baseline
$1,689,333
baseline
YTD 2018
20
-5%
$2,473,403
-7%
Date
© Westside Estate Agency
19
90293 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H =5
QUARTER 2 2018
QTR. AVG.
HHHH 2.0
AVG. PRICE PER TRANSACTION 1.5
$
1,997,647
1.0
Q2.
2010
2015
2016
2017
2018
H =5
QUARTER 2 2010 NUMBER OF SALES
NUMBER OF SALES
HHH AVG. PRICE PER TRANSACTION
2018
$
2017 2016 2015 2010
1,140,417
QUARTER 2 2018 vs 2010 +42% SALES
+75% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
17
-11%
$1,997,647
5%
Q2. 2017
19
46%
$1,897,868
23%
Q2. 2016
13
86%
$1,546,692
-28%
Q2. 2015
7
-42%
$2,162,571
90%
Q2. 2010
12
baseline
$1,140,417
baseline
YTD 2018
33
3%
$1,858,939
2%
Date
© Westside Estate Agency
20
MIAMI MARKET VIEW
METRO MIAMI OVERVIEW AVG. PRICE PER TRANSACTION YTD AVG.
QTR. AVG.
PRICE IN MILLIONS
H = 50
QUARTER 2 2018
3.0
AVG. NUMBER OF SALES
HHHHHHHHHHHH AVG. PRICE PER TRANSACTION
2.5
$
H =50
QUARTER 2 2010
2.0
Q2.
2,571,181
2010
2015
2016
2017
2018
AVG. NUMBER OF SALES
HHHHHH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION 2018
$
2017
2,264,632
2016
QUARTER 2 2018 vs 2010
2015 2010
+112% SALES
+14% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2018
582
13%
$2,571,181
15%
Q2. 2017
515
7%
$2,236,395
-10%
Q2. 2016
480
-19%
$2,478,523
4%
Q2. 2015
596
118%
$2,378,229
5%
Q2. 2010
274
baseline
$2,264,632
baseline
YTD 2018
1038
15%
$2,474,859
4%
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
94
$3,903,489
158
68%
$6,391,778
64%
135
-15%
$6,070,278
-5%
90211
10
$1,478,400
18
80%
$2,392,611
62%
12
-33%
$2,237,708
-6%
90069
37
$2,064,432
80
116%
$3,885,963
88%
80
0%
$4,393,219
13%
90077
39
$3,368,577
69
77%
$7,311,529
117%
56
-19%
$5,490,982
-25%
90046
74
$1,095,264
160
116%
$1,879,282
72%
151
-6%
$1,765,087
-6%
90265
55
$3,699,773
126
129%
$4,828,591
31%
117
-7%
$4,465,403
-8%
90272
111
$2,590,176
149
34%
$3,623,642
40%
139
-7%
$3,487,880
-4%
90024
27
$2,117,907
30
11%
$2,753,850
30%
56
87%
$3,107,776
13%
90049
105
$2,136,310
137
30%
$3,707,502
74%
128
-7%
$3,605,066
-3%
90025
19
$1,051,368
37
95%
$1,344,258
28%
40
8%
$1,449,763
8%
90402
50
$2,439,330
41
-18%
$4,027,585
65%
54
32%
$4,729,870
17%
90005
15
$1,240,533
23
53%
$2,244,609
81%
21
-9%
$1,664,080
-26%
90027
45
$1,127,444
82
82%
$1,573,152
40%
91
11%
$1,692,720
8%
90064
61
$1,096,746
86
41%
$1,444,807
32%
101
17%
$1,761,326
22%
90291
58
$1,064,716
92
59%
$2,017,989
90%
92
0%
$2,029,795
1%
90292
12
$1,570,417
17
42%
$2,261,176
44%
19
12%
$2,166,342
-4%
90293
16
$1,201,688
22
38%
$1,842,432
53%
24
9%
$1,541,771
-16%
Miami
480
$2,166,257
1100
129%
$2,386,254
10%
915
-17%
$2,397,218
0%
PROPERTIES OF $1M OR MORE 2017
Δ 2010 VS 2018
2018
Sales
Δ vs ‘16
Average Price
Δ vs ‘16
Sales
Δ vs ‘17
Average Price
Δ vs ‘17
Sales
Average Price
146
8%
$7,077,315
17%
126
-14%
$5,633,242
-20%
34%
44%
21
75%
$2,371,857
6%
12
-43%
$2,706,000
14%
20%
83%
80
0%
$3,466,119
-21%
73
-9%
$3,959,959
14%
97%
92%
71
27%
$5,476,070
0%
55
-23%
$7,252,667
32%
41%
115%
147
-3%
$2,255,161
28%
138
-6%
$2,206,845
-2%
86%
101%
117
0%
$5,217,227
17%
120
3%
$6,711,533
29%
118%
81%
150
8%
$3,840,540
10%
125
-17%
$5,231,059
36%
13%
102%
41
-27%
$3,887,915
25%
39
-5%
$4,039,415
4%
44%
91%
160
25%
$3,866,410
7%
145
-9%
$4,867,248
26%
38%
128%
41
2%
$1,863,963
29%
39
-5%
$1,748,090
-6%
105%
66%
61
13%
$4,117,443
-13%
42
-31%
$4,351,500
6%
-16%
78%
23
10%
$2,202,130
32%
18
-22%
$3,749,667
70%
20%
202%
83
-9%
$2,877,044
70%
90
8%
$2,153,733
-25%
100%
91%
131
30%
$2,154,857
22%
102
-22%
$1,998,265
-7%
67%
82%
101
10%
$3,421,095
69%
89
-12%
$2,233,090
-35%
53%
110%
21
11%
$2,660,048
23%
20
-5%
$2,473,403
-7%
67%
57%
32
33%
$1,825,578
18%
33
3%
$1,858,939
2%
106%
55%
903
-1%
$2,369,311
-1%
1038
15%
$2,474,859
4%
116%
14% 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 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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