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?  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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