WEA Micro Market Report - Q3 2017

MICRO MARKET REPORT LOS ANGELES & MIAMI ISSUE #27 10/15/17 FOR Q3 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 $35M is the new $25M and $100M is the new $50M The residential real estate market is strong. Sales are better than last year and continue to increase.

However, asking prices are increasing at a faster rate than the economy. The question is, why? Â First, there is an abundance of developer-built speculative homes where the developer is looking to make a huge profit. Next, people with no reason to move are being convinced to sell by agents giving them unrealistic prices.

Currently, there are quite a few homes priced at $100M or more, including one listed at $350M. What is the likelihood that when only one house in Los Angeles has legitimately changed hands at $100M that there will be an influx of more of these $100M buyers? Understand that if a buyer can spend $100M on a house (and this is likely only one of several houses they own) then they must not only want to reside in Los Angeles and like one of these houses enough to purchase it, but they also must have a net worth of $500M or more. It seems a bit farfetched to me.

When you enter into the rarified air of the ultra-high- net-worth, the buyer has a pretty good idea how they would like to live. Making his or her vision match with a house someone else has “speculated� becomes a bit problematic.

I am very high on the future of Los Angeles and the LA real estate market, but so many houses in this price range will lead to many languishing properties until they revert to the prices that equate their real worth. Remember, the buyer determines that worth. Price them right and sell them quickly.

Stephen Shapiro Co-Founder, Westside Estate Agency

3

90210 AVG. PRICE PER TRANSACTION YTD AVG.

NUMBER OF SALES

8

PRICE IN MILLIONS

H = 10

QUARTER 3 2017

QTR. AVG.

HHHHHHHH 7 6

AVG. PRICE PER TRANSACTION $

5 4

Q3.

2007

2010

2015

2016

2017

5,457,191

QUARTER 3 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

4,516,162

QUARTER 3 2017 vs 2007 +124% SALES

+21% PRICE

Date

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

QTR. 3 2017

76

0%

$ 5,457,191

-5%

QTR. 3 2016

76

3%

$ 5,749,257

-13%

QTR. 3 2015

74

57%

$ 6,603,993

33%

QTR. 3 2010

47

38%

$ 4,953,788

10%

QTR. 3 2007

34

baseline

$ 4,516,162

baseline

YTD 2017

222

5%

$ 6,522,678

10%

© Westside Estate Agency

4

90211 AVG. PRICE PER TRANSACTION

PRICE IN MILLIONS

YTD AVG.

QUARTER 3 2017

QTR. AVG.

NUMBER OF SALES

2.5

HHHHHHHHH 2.0

AVG. PRICE PER TRANSACTION 1.5

$

1.0

Q3.

2007

2010

2015

2016

2017

2,363,111

QUARTER 3 2007 NUMBER OF SALES

NUMBER OF SALES

HHH 2017 2016 2015 2010 2007

AVG. PRICE PER TRANSACTION $

1,447,005

QUARTER 3 2017 vs 2007 +200% SALES

+63% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q3. 2017

9

-10%

$ 2,363,111

15%

Q3. 2016

10

-33%

$ 2,050,300

3%

Q3. 2015

15

50%

$ 1,989,433

45%

Q3. 2010

10

233%

$ 1,376,600

-5%

Q3. 2007

3

baseline

$ 1,447,005

baseline

YTD 2017

30

36%

$ 2,369,233

10%

Date

© Westside Estate Agency

5

90069 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 3 2017

QTR. AVG.

NUMBER OF SALES

5

PRICE IN MILLIONS

H = 10

HHHHH 4

AVG. PRICE PER TRANSACTION 3

$

2

Q3.

2007

2010

2015

2016

2017

3,406,543

QUARTER 3 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

2,595,429

QUARTER 3 2017 vs 2007 +119% SALES

+31% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q3. 2017

46

18%

$ 3,406,543

0%

Q3. 2016

39

15%

$ 3,389,949

10%

Q3. 2015

34

162%

$ 3,083,868

54%

Q3. 2010

13

-38%

$ 2,001,000

-23%

Q3. 2007

21

baseline

$ 2,595,429

baseline

YTD 2017

126

6%

$ 3,444,369

-15%

Date

© Westside Estate Agency

6

90077 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 3 2017

QTR. AVG.

NUMBER OF SALES

8

PRICE IN MILLIONS

H = 10

HHHH

7 6 5

AVG. PRICE PER TRANSACTION

4

$

3 2

Q3.

2007

2010

2015

2016

2017

6,941,603

QUARTER 3 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHH AVG. PRICE PER TRANSACTION

2017 2016 2015 2010 2007

$

3,234,431

QUARTER 3 2017 vs 2007 +36% SALES

+115% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q3. 2017

34

10%

$ 6,941,603

60%

Q3. 2016

31

19%

$ 4,335,629

31%

Q3. 2015

26

4%

$ 3,319,635

28%

Q3. 2010

25

0%

$ 2,598,600

-20%

Q3. 2007

25

baseline

$ 3,234,431

baseline

YTD 2017

105

21%

$ 5,950,624

17%

Date

© Westside Estate Agency

7

90046 AVG. PRICE PER TRANSACTION YTD AVG.

NUMBER OF SALES

2.5

PRICE IN MILLIONS

H = 10

QUARTER 3 2017

QTR. AVG.

HHHHHHHH 2.0

AVG. PRICE PER TRANSACTION 1.5

$

1,927,910

1.0

Q3.

2007

2010

2015

2016

2017

QUARTER 3 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHHH AVG. PRICE PER TRANSACTION

2017 2016 2015 2010 2007

$

1,308,696

QUARTER 2 2017 vs 2007 +179% SALES

+47% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q3. 2017

78

-1%

$ 1,927,910

-5%

Q3. 2016

79

-5%

$ 2,028,373

18%

Q3. 2015

83

152%

$ 1,725,464

26%

Q3. 2010

33

18%

$ 1,373,788

5%

Q3. 2007

28

baseline

$ 1,308,696

baseline

YTD 2017

225

-2%

$ 2,141,714

15%

Date

© Westside Estate Agency

8

90265 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 3 2017

QTR. AVG.

NUMBER OF SALES

8

PRICE IN MILLIONS

H = 10

HHHHHHH 7 6

AVG. PRICE PER TRANSACTION $

5 4

Q3.

2007

2010

2015

2016

2017

4,760,628

QUARTER 3 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

6,349,208

QUARTER 3 2017 vs 2007 +483% SALES

-25% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q3. 2017

70

1%

$ 4,760,628

5%

Q3. 2016

69

30%

$ 4,547,580

6%

Q3. 2015

53

56%

$ 4,294,283

-15%

Q3. 2010

34

183%

$ 5,042,618

-21%

Q3. 2007

12

baseline

$6,349,208

baseline

YTD 2017

187

1%

$ 5,046,308

12%

Date

© Westside Estate Agency

9

90272 AVG. PRICE PER TRANSACTION YTD AVG.

NUMBER OF SALES

5

PRICE IN MILLIONS

H = 10

QUARTER 3 2017

QTR. AVG.

HHHHHHHH 4

AVG. PRICE PER TRANSACTION 3

$

2

Q3.

2007

2010

2015

2016

2017

4,083,880

QUARTER 3 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

2,950,971

QUARTER 3 2017 vs 2007 +121% SALES

+38% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q3. 2017

75

-7%

$ 4,083,880

3%

Q3. 2016

81

9%

$ 3,976,517

5%

Q3. 2015

74

35%

$ 3,781,690

38%

Q3. 2010

55

62%

$ 2,738,200

-7%

Q3T. 2007

34

baseline

$2,950,971

baseline

YTD 2017

224

2%

$ 3,932,598

7%

Date

© Westside Estate Agency

10

90024 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 3 2017

QTR. AVG.

NUMBER OF SALES

12

PRICE IN MILLIONS

H = 10

HHH

10 8 6

AVG. PRICE PER TRANSACTION

4

$

2 0

Q3.

2007

2010

2015

2016

2017

4,267,304

QUARTER 3 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

H 2017 2016 2015 2010 2007

AVG. PRICE PER TRANSACTION $

1,830,000

QUARTER 3 2017 vs 2007 +156% SALES

+133% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q3. 2017

23

10%

$ 4,267,304

-63%

Q3. 2016

21

-19%

$ 11,592,314

332%

Q3. 2015

26

24%

$ 2,684,654

23%

Q3. 2010

21

133%

$ 2,186,095

19%

Q3. 2007

9

baseline

$ 1,830,000

baseline

YTD 2017

64

-17%

$ 4,024,258

-26%

Date

© Westside Estate Agency

11

90049 AVG. PRICE PER TRANSACTION YTD AVG.

NUMBER OF SALES

4.0

PRICE IN MILLIONS

H = 10

QUARTER 3 2017

QTR. AVG.

HHHHHHHHH 3.5 3.0

AVG. PRICE PER TRANSACTION $

2.5 2.0

Q3.

2007

2010

2015

2016

2017

3,742,639

QUARTER 3 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHHHH 2017 2016 2015 2010 2007

AVG. PRICE PER TRANSACTION $

3,563,784

QUARTER 3 2017 vs 2007 +89% SALES

+5% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q3. 2017

83

-11%

$ 3,742,639

9%

Q3. 2016

93

27%

$ 3,430,441

-3%

Q3. 2015

73

30%

$ 3,532,418

48%

Q3. 2010

56

27%

$ 2,383,670

-33%

Q3. 2007

44

baseline

$3,563,784

baseline

YTD 2017

242

10%

$ 3,833,222

9%

Date

© Westside Estate Agency

12

90025 AVG. PRICE PER TRANSACTION YTD AVG.

NUMBER OF SALES

2.0

PRICE IN MILLIONS

H =5

QUARTER 3 2017

QTR. AVG.

HHH 1.5

AVG. PRICE PER TRANSACTION 1.0

$

1,728,650

0.5

Q3.

2007

2010

2015

2016

2017

H =5

QUARTER 3 2007 NUMBER OF SALES

NUMBER OF SALES

HHH 2017 2016 2015 2010 2007

AVG. PRICE PER TRANSACTION $

1,061,145

QUARTER 3 2017 vs 2007 +27% SALES

+63% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q3. 2017

14

-13%

$ 1,728,650

17%

Q3. 2016

16

-24%

$ 1,481,688

3%

Q3. 2015

21

50%

$ 1,443,024

50%

Q3. 2010

14

27%

$ 963,036

-9%

Q3. 2007

11

baseline

$1,061,145

baseline

YTD 2017

55

-2%

$ 1,829,520

25%

Date

© Westside Estate Agency

13

90402 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 3 2017

QTR. AVG.

NUMBER OF SALES

6

PRICE IN MILLIONS

H = 10

HHHH 5 4

AVG. PRICE PER TRANSACTION $

3

5,312,484

2

Q3.

2007

2010

2015

2016

2017

QUARTER 3 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

H 2017 2016 2015 2010 2007

AVG. PRICE PER TRANSACTION $

3,348,389

QUARTER 3 2017 vs 2007 +244% SALES

+59% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q3. 2017

31

41%

$ 5,312,484

23%

Q3. 2016

22

-27%

$ 4,335,795

-2%

Q3. 2015

30

30%

$ 4,409,352

77%

Q3. 2010

23

156%

$ 2,494,891

-25%

Q3. 2007

9

baseline

$ 3,348,389

baseline

YTD 2017

92

21%

$ 4,520,120

-2%

Date

© Westside Estate Agency

14

90005 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 3 2017

QTR. AVG.

NUMBER OF SALES

PRICE IN MILLIONS

3.0

HHHHHHHHHHH 2.5 2.0

AVG. PRICE PER TRANSACTION $

1.5 1.0

Q3.

2007

2010

2015

2016

2017

2,704,091

QUARTER 3 2007 NUMBER OF SALES

NUMBER OF SALES

HHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

1,791,667

QUARTER 3 2017 vs 2007 +267% SALES

+51% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q3. 2017

11

-8%

$ 2,704,091

16%

Q3. 2016

12

20%

$ 2,326,625

-13%

Q3. 2015

10

100%

$ 2,660,000

103%

Q3. 2010

5

67%

$ 1,308,200

-27%

Q3. 2007

3

baseline

$ 1,791,667

baseline

YTD 2017

34

3%

$ 2,364,529

24%

Date

© Westside Estate Agency

15

90027 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 3 2017

QTR. AVG.

NUMBER OF SALES

3.0

PRICE IN MILLIONS

H = 10

HHHH 2.5 2.0

AVG. PRICE PER TRANSACTION $

1.5 1.0

Q3.

2007

2010

2015

2016

2017

1,893,688

QUARTER 3 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HH 2017 2016 2015 2010 2007

AVG. PRICE PER TRANSACTION $

1,291,800

QUARTER 3 2017 vs 2007 +100% SALES

+47% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q3. 2017

40

-20%

$ 1,893,688

21%

Q3. 2016

50

-19%

$ 1,567,330

1%

Q3. 2015

62

288%

$ 1,556,925

23%

Q3. 2010

16

-20%

$ 1,262,750

-2%

Q3. 2007

20

baseline

$ 1,291,800

baseline

YTD 2017

123

-13%

$ 2,557,254

55%

Date

© Westside Estate Agency

16

90064 AVG. PRICE PER TRANSACTION YTD AVG.

2.0

PRICE IN MILLIONS

H = 10

QUARTER 3 2017

QTR. AVG.

NUMBER OF SALES

HHHHHHHH 1.5

AVG. PRICE PER TRANSACTION $ 1.0

Q3.

2007

2010

2015

2016

2017

1,604,845

QUARTER 3 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

1,336,550

QUARTER 3 2017 vs 2007 +85% SALES

+20% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q3. 2017

74

7%

$ 1,604,845

-19%

Q3. 2016

69

23%

$ 1,989,225

22%

Q3. 2015

56

51%

$ 1,626,116

37%

Q3. 2010

37

-8%

$ 1,189,302

-11%

Q3. 2007

40

baseline

$ 1,336,550

baseline

YTD 2017

205

21%

$ 1,956,316

6%

Date

© Westside Estate Agency

17

90291 AVG. PRICE PER TRANSACTION YTD AVG.

NUMBER OF SALES

3.5

PRICE IN MILLIONS

H = 10

QUARTER 3 2017

QTR. AVG.

HHHHHH

3.0 2.5

AVG. PRICE PER TRANSACTION

2.0

$ 1.5 1.0

Q3.

2007

2010

2015

2016

2017

2,392,121

QUARTER 3 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

HHH AVG. PRICE PER TRANSACTION

2017

$

2016 2015 2010 2007

1,485,827

QUARTER 3 2017 vs 2007 +123% SALES

+61% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q3. 2017

58

4%

$ 2,392,121

16%

Q3. 2016

56

27%

$ 2,063,750

0%

Q3. 2015

44

63%

$ 2,066,545

102%

Q3. 2010

27

4%

$ 1,024,056

-31%

Q3. 2007

26

baseline

$ 1,485,827

baseline

YTD 2017

159

7%

$ 3,045,746

49%

Date

© Westside Estate Agency

18

90292 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 3 2017

QTR. AVG.

NUMBER OF SALES

3.0

PRICE IN MILLIONS

H = 10

HH 2.5

AVG. PRICE PER TRANSACTION 2.0

$

2,612,786

1.5

Q3.

2007

2010

2015

2016

2017

QUARTER 3 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

H 2017 2016 2015 2010 2007

AVG. PRICE PER TRANSACTION $

1,676,250

QUARTER 3 2017 vs 2007 +250% SALES

+56% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q3. 2017

14

56%

$ 2,612,786

29%

Q3. 2016

9

-18%

$ 2,024,556

-3%

Q3. 2015

11

38%

$ 2,083,500

24%

Q3. 2010

8

100%

$ 1,679,125

0%

Q3. 2007

4

baseline

$ 1,676,250

baseline

YTD 2017

35

25%

$ 2,641,143

25%

Date

© Westside Estate Agency

19

90293 AVG. PRICE PER TRANSACTION YTD AVG.

QUARTER 3 2017

QTR. AVG.

NUMBER OF SALES

2.5

PRICE IN MILLIONS

H =5

HHH 2.0

AVG. PRICE PER TRANSACTION 1.5

$

1.0

Q3.

2007

2010

2015

2016

2017

1,896,750

QUARTER 3 2007

H = 10

NUMBER OF SALES NUMBER OF SALES

H AVG. PRICE PER TRANSACTION

2017 2016 2015 2010 2007

$

1,264,167

QUARTER 3 2017 vs 2007 +100% SALES

+50% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q3. 2017

12

33%

$ 1,896,750

27%

Q3. 2016

9

0%

$ 1,488,611

-30%

Q3. 2015

9

13%

$ 2,139,909

84%

Q3. 2010

8

33%

$ 1,164,813

-8%

Q3. 2007

6

baseline

$ 1,264,167

baseline

YTD 2017

44

33%

$ 1,844,989

21%

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 3 2017 AVG. NUMBER OF SALES

HHHHHHH AVG. PRICE PER TRANSACTION 2.0

$

H =50

QUARTER 3 2007

1.5

Q3.

2,183,740

2007

2010

2015

2016

2017

AVG. NUMBER OF SALES

HHHHHH

NUMBER OF SALES

AVG. PRICE PER TRANSACTION 2017 2016

$

2,220,656

2015 2010 2007

QUARTER 3 2017 vs 2007 +24% SALES

-2% PRICE

Avg Sales

Δ vs Previous Year

Avg. Price

Δ vs Previous Year

Q3. 2017

344

-14%

$2,183,740

-4%

Q3. 2016

401

-19%

$2,283,288

-2%

Q3. 2015

494

125%

$2,319,548

18%

Q3. 2010

220

-21%

$1,966,733

-11%

Q3. 2007

277

baseline

$2,220,656

baseline

YTD 2017

1244

-5%

$2,318,229

-2%

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

101

$ 5,114,451

141

40%

$ 4,253,589

-17%

231

64%

$ 6,461,890

52%

90211

14

$ 1,559,430

20

43%

$ 1,427,500

-8%

33

65%

$ 2,209,348

55%

90069

61

$ 2,441,623

50

-18%

$ 2,047,940

-16%

114

128%

$ 3,646,741

78%

90077

60

$ 3,835,381

64

7%

$ 3,067,805

-20%

95

48%

$ 6,219,011

103%

90046

85

$ 1,488,924

107

26%

$ 1,181,164

-21%

243

127%

$ 1,826,743

55%

90265

81

$ 5,528,426

89

10%

$ 4,212,770

-24%

179

101%

$ 4,670,388

11%

90272

111

$ 3,016,311

166

50%

$ 2,639,220

-13%

223

34%

$ 3,676,089

39%

90024

30

$ 2,589,367

48

60%

$ 2,147,740

-17%

56

17%

$ 2,721,723

27%

90049

117

$ 3,347,816

160

37%

$ 2,224,613

-34%

209

31%

$ 3,654,757

64%

90025

26

$ 1,079,177

33

27%

$ 1,013,894

-6%

58

76%

$ 1,380,018

36%

90402

39

$ 3,258,397

73

87%

$ 2,456,836

-25%

71

-3%

$ 4,188,895

70%

90005

7

$ 2,032,143

20

186%

$ 1,257,450

-38%

33

65%

$ 2,370,485

89%

90027

62

$ 1,373,010

61

-2%

$ 1,162,934

-15%

144

136%

$ 1,566,165

35%

90064

101

$ 1,238,084

98

-3%

$ 1,131,691

-9%

142

45%

$ 1,516,309

34%

90291

76

$ 1,368,566

85

12%

$ 1,051,800

-23%

136

60%

$ 2,033,699

93%

90292

13

$ 1,816,269

20

54%

$ 1,613,900

-11%

28

40%

$ 2,191,375

36%

90293

13

$ 1,436,962

24

85%

$ 1,189,396

-17%

31

29%

$ 1,928,796

62%

Miami

977

$2,076,477

700

-28%

$2,103,550

1%

1594

128%

$2,365,581

12%

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

211

-9%

$ 5,954,650

-8%

222

5%

$ 6,522,678

10%

120%

28%

22

-33%

$ 2,152,523

-3%

30

36%

$ 2,369,233

10%

114%

52%

119

4%

$ 4,064,416

11%

126

6%

$ 3,444,369

-15%

107%

41%

87

-8%

$ 5,079,305

-18%

105

21%

$ 5,950,624

17%

75%

55%

230

-5%

$ 1,855,520

2%

225

-2%

$ 2,141,714

15%

165%

44%

186

4%

$ 4,495,888

-4%

187

1%

$ 5,046,308

12%

131%

-9%

220

-1%

$ 3,667,787

0%

224

2%

$ 3,932,598

7%

102%

30%

77

38%

$ 5,421,741

99%

64

-17%

$ 4,024,258

-26%

113%

55%

221

6%

$ 3,531,581

-3%

242

10%

$ 3,833,222

9%

107%

14%

56

-3%

$ 1,458,884

6%

55

-2%

$ 1,829,520

25%

112%

70%

76

7%

$ 4,615,796

10%

92

21%

$ 4,520,120

-2%

136%

39%

33

0%

$ 1,905,006

-20%

34

3%

$ 2,364,529

24%

386%

16%

141

-2%

$ 1,648,255

5%

123

-13%

$ 2,557,254

55%

98%

86%

170

20%

$ 1,853,826

22%

205

21%

$ 1,956,316

6%

103%

58%

148

9%

$ 2,042,643

0%

159

7%

$ 3,045,746

49%

109%

123%

28

0%

$ 2,120,768

-3%

35

25%

$ 2,641,143

25%

169%

45%

33

6%

$ 1,527,273

-21%

44

33%

$ 1,844,989

21%

238%

28%

1316

-17%

$2,362,503

0%

1244

-5%

$2,318,229

-2%

27%

12% 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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