WEA Micro Market Report - Q2 2018

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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