WEA Micro Market Report | Q4 2023

MICRO MARKET REPORT LOS ANGELES ISSUE #50 1/17/24 FOR Q4 2023 STATISTICS

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

1

TABLE OF CONTENTS WEA MESSAGE

3

ZIP CODE 90210 - BEVERLY HILLS

4

ZIP CODE 90211 - BEVERLY HILLS

5

ZIP CODE 90212 - BEVERLY HILLS

6

ZIP CODE 90069 - SUNSET STRIP

7

ZIP CODE 90077 - BEL AIR

8

ZIP CODE 90046 - WEST HOLLYWOOD

9

ZIP CODE 90265 - MALIBU

10

ZIP CODE 90272 - PACIFIC PALISADES

11

ZIP CODE 90024 - WESTWOOD

12

ZIP CODE 90049 - BRENTWOOD

13

ZIP CODE 90025 - WEST LA

14

ZIP CODE 90402 - SANTA MONICA

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

ALL ZIP CODES YEAR TO DATE SALES

20

ABOUT WEA

22

Data provided by First American Title Co. of Los Angeles County records for sales exceeding $1 million.

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

2

A MESSAGE FROM WEA HAPPY NEW YEAR On January 1, 2024, I woke up with a great feeling of optimism. Loan rates have decreased and are expected to continue dropping throughout the year, moving towards a more standard rate. It’s important to note that the 3% rates we recently enjoyed are unlikely to return. Over the past 50 years, the average mortgage rate has been around 6%, and it’s reasonable to expect consistency around that figure.

Recent luxury sales indicate many closings below the listed price, signaling a shift from aspirational pricing to more realistic figures. Sellers should be cautious about brokers suggesting inflated list prices just to secure a listing, as this often leads to properties languishing on the market and eventual price reductions. It’s advisable to consult knowledgeable brokers to determine the best pricing strategy. Given that inventory has not shown any significant increase, appropriately priced homes are likely to find demand.

However, external factors beyond our control can impact the market. Events like the Russian/Ukrainian war, Israeli/Hamas conflict, tension between China and Taiwan, and the disruption of trade routes through the Red Sea and the Suez Canal result in shipping delays and the increased cost of goods.

Maintaining a positive outlook and treating everyone equally is crucial in navigating uncertainties.

Stephen Shapiro Co-Founder, Westside Estate Agency

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

3

90210 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

687

$

MILLION

295

$

MILLION

Q4 2022

Q4 2023

10.2

$

MILLION

-57%

Q4 2022

NUMBER OF SALES • Q4

7.04 MILLION

Q4 2023

-31%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

MEDIAN PRICE

120 12

100

10 IN MILLIONS

80 60 40 20 0

8 6 4 2 0

2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q4 2023

42

-37.3%

$7,047,119 / $4,181,250

-31% / -40%

Q4 2022

67

-36.2%

$10,254,636 / $7,000,000

10% / 8%

Q4 2021

105

28%

$9,337,605 / $6,460,000

34% / 35%

Q4 2020

82

baseline

$6,964,445 / $4,780,000

baseline

YTD 2023

181

-39.1%

$8,693,938 / $4,983,000

-11% / -29%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

4

90211 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

18.2

$

MILLION

19.1

$

MILLION

Q4 2022

Q4 2023

2.28

$

MILLION

5%

Q4 2022

NUMBER OF SALES • Q4

3.19 MILLION

Q4 2023

40%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

MEDIAN PRICE

3.5 IN MILLIONS

8 6 4 2

3 2.5 2 1.5 1

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q4 2023

6

-25%

$3,193,667 / $2,806,000

40% / 19%

Q4 2022

8

0%

$2,280,688 / $2,350,000

-24% / -20%

Q4 2021

8

300%

$2,989,313 / $2,938,750

15% / 13%

Q4 2020

2

baseline

$2,607,500 / $2,607,500

baseline

YTD 2023

25

-35.9%

$2,992,184 / $2,800,000

4% / 4%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

5

90212 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

11.09

$

MILLION

9.03

$

MILLION

Q4 2022

Q4 2023

3.69

$

MILLION

-19%

Q4 2022

NUMBER OF SALES • Q4

3.01 MILLION

Q4 2023

-19%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

5

6

4 IN MILLIONS

8

4 2 0

MEDIAN PRICE

3 2 1 0

2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q4 2023

3

0%

$3,012,000 / $2,960,000

-19% / -4%

Q4 2022

3

-57.1%

$3,698,333 / $3,095,000

-8% / -28%

Q4 2021

7

0%

$4,036,429 / $4,300,000

56% / 56%

Q4 2020

7

baseline

$2,584,000 / $2,750,000

baseline

YTD 2023

19

-13.6%

$3,989,895 / $3,500,000

1% / 2%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

6

90069 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

131.2

$

MILLION

76.4

$

MILLION

Q4 2022

Q4 2023

6.25

$

MILLION

-42%

Q4 2022

NUMBER OF SALES • Q4

3.47 MILLION

Q4 2023

-44%

AVG/MEDIAN PRICES • 12 MONTH ROLLING

70

AVG PRICE

MEDIAN PRICE

60 8

50 IN MILLIONS

40 30 20

6 4 2

10 0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q4 2023

22

4.8%

$3,472,773 / $2,292,500

-44% / -43%

Q4 2022

21

-65.6%

$6,250,405 / $4,000,000

28% / 10%

Q4 2021

61

27.1%

$4,895,041 / $3,650,000

37% / 22%

Q4 2020

48

baseline

$3,579,831 / $3,000,000

baseline

YTD 2023

119

-7%

$4,647,639 / $3,300,000

4% / -8%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

7

90077 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

153

$

MILLION

41.7

$

MILLION

Q4 2022

Q4 2023

6.12

$

MILLION

-73%

Q4 2022

NUMBER OF SALES • Q4

2.98 MILLION

Q4 2023

-51%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

MEDIAN PRICE

50 8 IN MILLIONS

40 30 20

6 4 2

10 0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q4 2023

14

-44%

$2,983,929 / $2,075,000

-51% / -49%

Q4 2022

25

-45.7%

$6,125,500 / $4,050,000

-22% / 10%

Q4 2021

46

-8%

$7,809,402 / $3,677,750

18% / 6%

Q4 2020

50

baseline

$6,637,950 / $3,476,500

baseline

YTD 2023

86

-25.9%

$4,950,902 / $2,992,000

-35% / -28%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

8

90046 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

144

$

MILLION

104

$

MILLION

Q4 2022

Q4 2023

2.44

$

MILLION

-28%

Q4 2022

NUMBER OF SALES • Q4

2.48 MILLION

Q4 2023

2%

AVG/MEDIAN PRICES • 12 MONTH ROLLING

120

AVG PRICE

MEDIAN PRICE

100 2.5 IN MILLIONS

80 60 40

2 1.5 1

20 0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q4 2023

42

-28.8%

$2,486,512 / $2,222,500

2% / 11%

Q4 2022

59

-44.3%

$2,445,542 / $2,000,000

0% / -9%

Q4 2021

106

-0.9

$2,435,888 / $2,196,000

12% / 19%

Q4 2020

107

baseline

$2,170,388 / $1,850,000

baseline

YTD 2023

224

-23.3%

$3,008,767 / $2,287,500

19% / 3%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

9

90265 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

521

$

MILLION

239

$

MILLION

Q4 2022

Q4 2023

10.2

$

MILLION

-54%

Q4 2022

NUMBER OF SALES • Q4

8.24 MILLION

Q4 2023

-19%

AVG/MEDIAN PRICES • 12 MONTH ROLLING

120

AVG PRICE

12

80

10 IN MILLIONS

100

60 40 20

MEDIAN PRICE

8 6 4 2

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q4 2023

29

-43.1%

$8,241,707 / $4,200,000

-19% / -7%

Q4 2022

51

-48%

$10,232,892 / $4,500,000

16% / 22%

Q4 2021

98

-9.3%

$8,814,704 / $3,675,000

50% / 2%

Q4 2020

108

baseline

$5,862,032 / $3,600,000

baseline

YTD 2023

158

-36%

$7,272,369 / $3,725,000

-4% / -15%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

10

90272 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

365

$

MILLION

265

$

MILLION

Q4 2022

Q4 2023

6.52

$

MILLION

-27%

Q4 2022

NUMBER OF SALES • Q4

5.3 MILLION

Q4 2023

-19%

AVG/MEDIAN PRICES • 12 MONTH ROLLING

120

AVG PRICE

100

MEDIAN PRICE

8 IN MILLIONS

80 60 40 20 0

6 4 2 0

2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q4 2023

50

-10.7%

$5,301,050 / $4,300,000

-19% / -15%

Q4 2022

56

-43.4%

$6,524,893 / $5,040,000

33% / 27%

Q4 2021

99

-3.9%

$4,910,455 / $3,980,000

14% / 15%

Q4 2020

103

baseline

$4,307,549 / $3,450,000

baseline

YTD 2023

218

-16.8%

$5,829,952 / $4,277,500

-4% / -7%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

11

90024 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

82.7

$

MILLION

83.5

$

MILLION

Q4 2022

Q4 2023

5.51

$

MILLION

1%

Q4 2022

NUMBER OF SALES • Q4

4.91 MILLION

Q4 2023

-11%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

MEDIAN PRICE

35 30 6

25 IN MILLIONS

20 15 10

4 2

5 0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q4 2023

17

13.3%

$4,911,912 / $3,100,000

-11% / -28%

Q4 2022

15

-55.9%

$5,516,600 / $4,306,000

21% / 27%

Q4 2021

34

30.8%

$4,562,265 / $3,400,000

-8% / 20%

Q4 2020

26

baseline

$4,956,538 / $2,822,500

baseline

YTD 2023

67

-21.2%

$4,871,912 / $3,631,000

2% / 0%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

12

90049 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

322

$

MILLION

274

$

MILLION

Q4 2022

Q4 2023

6.2 MILLION

-15%

Q4 2022

NUMBER OF SALES • Q4 125

IN MILLIONS

100 75 50 25 0 2021

2022

4.99 MILLION

Q4 2023

-20%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

2020

$

2023

MEDIAN PRICE

7 6 5 4 3 2 1 0 2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q4 2023

55

5.8%

$4,992,000 / $3,925,000

-20% / -10%

Q4 2022

52

-55.9%

$6,206,870 / $4,375,000

-5% / 0%

Q4 2021

118

16.8%

$6,525,575 / $4,375,000

44% / 39%

Q4 2020

101

baseline

$4,529,609 / $3,140,000

baseline

YTD 2023

218

-27.1%

$5,499,902 / $3,841,000

-7% / 0%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

13

90025 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

12.8

$

MILLION

42.7

$

MILLION

Q4 2022

Q4 2023

2.14

$

MILLION

231%

Q4 2022

NUMBER OF SALES • Q4

2.51 MILLION

Q4 2023

17%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

25

MEDIAN PRICE

3

20 IN MILLIONS

15 10 5

2.5 2 1.5 1

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q4 2023

17

183.3%

$2,514,059 / $2,000,000

17% / 9%

Q4 2022

6

-75%

$2,149,583 / $1,829,000

11% / 0%

Q4 2021

24

4.3%

$1,934,042 / $1,831,750

13% / 15%

Q4 2020

23

baseline

$1,709,739 / $1,590,000

baseline

YTD 2023

58

-1.7%

$3,198,636 / $2,351,250

41% / 27%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

14

90402 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

95.7

$

MILLION

151.3

$

MILLION

Q4 2022

Q4 2023

5.31

$

MILLION

58%

Q4 2022

NUMBER OF SALES • Q4

5.82 MILLION

Q4 2023

9%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

50

MEDIAN PRICE

6

40

5 IN MILLIONS

30 20 10

4 3 2 1

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q4 2023

26

44.4%

$5,820,495 / $4,497,500

9% / -5%

Q4 2022

18

-60%

$5,317,639 / $4,737,250

-10% / -8%

Q4 2021

45

80%

$5,901,422 / $5,150,000

1% / 10%

Q4 2020

25

baseline

$5,855,320 / $4,675,000

baseline

YTD 2023

100

-18%

$5,563,422 / $4,990,500

-5% / -7%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

15

90027 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

69.1

$

MILLION

72.6

$

MILLION

Q4 2022

Q4 2023

2.16

$

MILLION

5%

Q4 2022

NUMBER OF SALES • Q4

2.5 MILLION

Q4 2023

16%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

MEDIAN PRICE

75 3 IN MILLIONS

60 45 30 15

2.5 2 1.5 1

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q4 2023

29

-9.4%

$2,504,776 / $1,933,000

16% / 11%

Q4 2022

32

-49.2%

$2,161,202 / $1,742,500

-13% / 0%

Q4 2021

63

-13.7%

$2,474,019 / $1,745,000

-2% / -4%

Q4 2020

73

baseline

$2,525,561 / $1,825,000

baseline

YTD 2023

127

-14.8%

$3,204,030 / $2,450,000

19% / 7%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

16

90064 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

101

$

MILLION

81.2

$

MILLION

Q4 2022

Q4 2023

2.53

$

MILLION

-20%

Q4 2022

NUMBER OF SALES • Q4

2.8 MILLION

Q4 2023

10%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

MEDIAN PRICE

75 3 IN MILLIONS

60 45 30 15

2.5 2 1.5 1

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q4 2023

29

-27.5%

$2,801,121 / $2,256,000

10% / -3%

Q4 2022

40

-38.5%

$2,537,513 / $2,330,000

-1% / 10%

Q4 2021

65

-13.3%

$2,553,590 / $2,124,818

11% / 12%

Q4 2020

75

baseline

$2,296,880 / $1,905,000

baseline

YTD 2023

152

-23.2%

$3,209,256 / $2,252,000

27% / 2%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

17

90291 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

96.6

$

MILLION

111.8

$

MILLION

Q4 2022

Q4 2023

2.84

$

MILLION

16%

Q4 2022

NUMBER OF SALES • Q4

2.94 MILLION

Q4 2023

4%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

MEDIAN PRICE

3 IN MILLIONS

80 60 40 20

2.5 2 1.5 1

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q4 2023

38

11.8%

$2,942,303 / $2,629,000

4% / 29%

Q4 2022

34

-57.5%

$2,841,214 / $2,041,250

2% / -21%

Q4 2021

80

27%

$2,794,834 / $2,585,000

22% / 32%

Q4 2020

63

baseline

$2,291,937 / $1,960,000

baseline

YTD 2023

150

-34.2%

$3,093,831 / $2,642,500

8% / 11%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

18

90292 SALES VOLUME

$

AVG. PRICE PER TRANSACTION

29.5

$

MILLION

15.2

$

MILLION

Q4 2022

Q4 2023

2.95

$

MILLION

-48%

Q4 2022

NUMBER OF SALES • Q4

2.18 MILLION

Q4 2023

-26%

AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE

20

MEDIAN PRICE

3 IN MILLIONS

15 10 5

2.5 2 1.5 1

0

0 2020

2021

2022

2023

2020

2021

2022

2023

SALES

Δ VS PREVIOUS YEAR

AVG. PRICE / MEDIAN PRICE

Δ VS PREVIOUS YEAR

Q4 2023

7

-30%

$2,184,286 / $1,915,000

-26% / -28%

Q4 2022

10

-47.4%

$2,956,500 / $2,677,500

2% / -6%

Q4 2021

19

26.7%

$2,887,263 / $2,835,000

6% / -5%

Q4 2020

15

baseline

$2,734,333 / $2,975,000

baseline

YTD 2023

25

-34.2%

$2,498,000 / $2,175,000

-15% / -24%

DATE

WESTSIDE ESTATE AGENCY

|

MICRO MARKET REPORT LOS ANGELES Q2 2023

19

YEAR TO DATE SALES 2021

2020

20

Zip Code

Sales

Average Price

Sales

Δ vs ‘20

Average Price

Δ vs ‘20

90210

286

$8,353,146

324

13.3%

$7,872,778

-6%

90211

30

$2,507,550

42

40%

$2,968,405

18%

90212

23

$3,097,500

29

26.1%

$3,250,948

5%

90069

141

$4,660,932

176

24.8%

$4,622,815

-1%

90077

151

$6,331,116

133

-11.9%

$5,667,707

-10%

90046

318

$2,142,689

310

-2.5%

$2,348,516

10%

90265

313

$5,450,607

282

-9.9%

$6,863,796

26%

90272

294

$4,286,492

330

12.2%

$5,199,089

21%

90024

69

$4,041,822

84

21.7%

$5,103,024

26%

90049

309

$4,678,175

320

3.6%

$5,167,193

10%

90025

53

$1,777,830

61

15.1%

$2,334,754

31%

90402

94

$5,343,245

144

53.2%

$5,609,406

5%

90027

187

$2,349,769

173

-7.5%

$2,497,610

6%

90064

209

$2,257,533

201

-3.8%

$2,139,988

-5%

90291

203

$2,272,733

200

-1.5%

$2,423,819

7%

90292

46

$2,524,267

47

2.2%

$2,723,245

8%

PROPERTIES OF $1M OR MORE 2022

2023

Sales

Δ vs ‘21

Average Price

Δ vs ‘21

Sales

Δ vs ‘22

Average Price

Δ vs ‘22

297

-8.3%

$9,783,970

24%

181

-39.1%

$8,693,938

-11%

39

-7.1%

$2,868,267

-3%

25

-35.9%

$2,992,184

4%

22

-24.1%

$3,967,818

22%

19

-13.6%

$3,989,895

1%

128

-27.3%

$4,449,768

-4%

119

-7%

$4,647,639

4%

116

-12.8%

$7,622,612

34%

86

-25.9%

$4,950,902

-35%

292

-5.8%

$2,520,058

7%

224

-23.3%

$3,008,767

19%

247

-12.4%

$7,537,056

10%

158

-36%

$7,272,369

-4%

262

-20.6%

$6,093,374

17%

218

-16.8%

$5,829,952

-4%

85

1.2%

$4,764,182

-7%

67

-21.2%

$4,871,912

2%

299

-6.6%

$5,921,634

15%

218

-27.1%

$5,499,902

-7%

59

-3.3%

$2,262,466

-3%

58

-1.7%

$3,198,636

41%

122

-15.3%

$5,868,603

5%

100

-18%

$5,563,422

-5%

149

-13.9%

$2,693,105

8%

127

-14.8%

$3,204,030

19%

198

-1.5%

$2,536,427

19%

152

-23.2%

$3,209,256

27%

228

14%

$2,858,214

18%

150

-34.2%

$3,093,831

8%

28

-19.1%

$2,926,505

7%

25

-34.2%

$2,498,000

-15%

21

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.

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.

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.”

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 in-house escrow or title company; rather, we’re free to focus on getting the best and doing the best for each client.

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.

WESTSIDE ESTATE AGENCY

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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

MALIBU

Westside Estate Agency 460 North Canon Drive Beverly Hills, CA 90210

Westside Estate Agency 3900 Cross Creek Rd #5 Malibu, CA 90265

(310) 247-7770 SalesBH@WEAhomes.com

(310) 456-1171 SalesMalibu@WEAhomes.com

WESTSIDE ESTATE AGENCY

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