MICRO MARKET REPORT LOS ANGELES & MIAMI ISSUE #35 10/15/19 FOR Q3 2019 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 COMPASS IS A SHORT-TERM SOLUTION The real estate industry has been disrupted over the past few years, with the main “disruptor” being Compass. They have offered outrageous commission splits and athlete-worthy signing bonuses, in addition to other financial incentives. Agents, understandably, have been seduced. However, before jumping to a new company for some extra percentage points of commission, you owe it to yourself to question what they are getting in return. At its core, Compass is not a real estate company, but rather another technology startup funded primarily by SoftBank’s billions. Their goal is not to create a sustainable brokerage with culture and stable hands-on management. Their goal is to buy agents and gross commission income and expand as quickly as possible in order to go public, with the founding members and investors cashing out. If they go public, the shareholders will want to see how the company makes a profit. However, profit is unlikely given their unsustainable commission splits and immense corporate overhead. Think about recent IPO’s like Uber and Peloton, as well as WeWork’s failed IPO. To become profitable, I predict Compass will have no choice but to claw back commission splits (and every other incentive) in the hope of turning the money-losing venture around. As an agent, your job is to be great at representing your clients and building long-term relationships. The Compass goal is to ramp up for the IPO so the founders can take their money out. Will all this in mind, don’t you owe it to yourself to think before you leap? Once you do, let’s talk.
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 2019
QTR. AVG.
HHHHHHHH 7
AVG. PRICE PER TRANSACTION 6
$
5
Q3.
2015
2016
2017
2018
2019
6,597,346 H = 10
QUARTER 3 2018 NUMBER OF SALES
NUMBER OF SALES
HHHHHHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
5,735,689
QUARTER 3 2019 vs 2018
2015
-5% SALES
+15% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
78
-5%
$6,597,346
15%
Q3. 2018
82
8%
$5,735,689
5%
Q3. 2017
76
0%
$5,457,191
-5%
Q3. 2016
76
3%
$5,749,257
-13%
Q3. 2015
74
baseline
$6,603,993
baseline
YTD 2019
202
-3%
$6,862,845
21%
Date
© Westside Estate Agency
4
90211 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
3.0
PRICE IN MILLIONS
H =1
QUARTER 3 2019
QTR. AVG.
HHHHHH 2.5
AVG. PRICE PER TRANSACTION 2.0
$
1.5
Q3.
2015
2016
2017
2018
2019
2,667,500 H =1
QUARTER 3 2018 NUMBER OF SALES
NUMBER OF SALES
HHHHHHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
2,515,333
QUARTER 3 2019 vs 2018
2015
-33% SALES
+6% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
6
-33%
$2,667,500
6%
Q3. 2018
9
0%
$2,515,333
6%
Q3. 2017
9
-10%
$2,363,111
15%
Q3. 2016
10
-33%
$2,050,300
3%
Q3. 2015
15
baseline
$1,989,433
baseline
YTD 2019
22
5%
$2,708,477
3%
Date
© Westside Estate Agency
5
90069 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 3 2019
QTR. AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
HHHHH 4
AVG. PRICE PER TRANSACTION $
3
Q3.
2015
2016
2017
2018
2019
3,216,251
QUARTER 3 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
4,659,636
QUARTER 3 2019 vs 2018
2015
+5% SALES
-31% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
46
5%
$3,216,251
-31%
Q3. 2018
44
-4%
$4,659,636
37%
Q3. 2017
46
18%
$3,406,543
0%
Q3. 2016
39
15%
$3,389,949
10%
Q3. 2015
34
baseline
$3,083,868
baseline
YTD 2019
113
-3%
$3,749,025
-11%
Date
© Westside Estate Agency
6
90077 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 3 2019
QTR. AVG.
NUMBER OF SALES
8
PRICE IN MILLIONS
H = 10
HHHH
7 6
AVG. PRICE PER TRANSACTION
5
$ 4 3
Q3.
2015
2016
2017
2018
2019
5,437,794
QUARTER 3 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
5,334,500
QUARTER 3 2019 vs 2018 +13% SALES
+2% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
34
13%
$5,437,794
2%
Q3. 2018
30
-12%
$5,334,500
-23%
Q3. 2017
34
10%
$6,941,603
60%
Q3. 2016
31
15%
$4,335,629
34%
Q3. 2015
27
baseline
$3,229,463
baseline
YTD 2019
101
19%
$4,808,030
-27%
Date
© Westside Estate Agency
7
90046 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H = 10
QUARTER 3 2019
QTR. AVG.
HHHHHHHH 2.0
AVG. PRICE PER TRANSACTION $
1.5
Q3.
2015
2016
2017
2018
2019
1,985,829 H = 10
QUARTER 3 2018 NUMBER OF SALES
NUMBER OF SALES
HHHHHHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
1,956,458
QUARTER 3 2019 vs 2018
2015
-6% SALES
+2% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
79
-6%
$1,985,829
2%
Q3. 2018
84
8%
$1,956,458
1%
Q3. 2017
78
-1%
$1,927,910
-5%
Q3. 2016
79
-5%
$2,028,373
18%
Q3. 2015
83
baseline
$1,725,464
baseline
YTD 2019
214
-4%
$2,078,694
-2%
Date
© Westside Estate Agency
8
90265 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
6
PRICE IN MILLIONS
H = 10
QUARTER 3 2019
QTR. AVG.
HHHHH 5
AVG. PRICE PER TRANSACTION $
4
Q3.
2015
2016
2017
2018
2019
5,894,271 H = 10
QUARTER 3 2018 NUMBER OF SALES
NUMBER OF SALES
HHHHHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
4,455,827
QUARTER 3 2019 vs 2018
2015
-34% SALES
+32% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
48
-34%
$5,894,271
32%
Q3. 2018
73
4%
$4,455,827
-6%
Q3. 2017
70
1%
$4,760,628
5%
Q3. 2016
69
38%
$4,547,580
1%
Q3. 2015
50
baseline
$4,521,940
baseline
YTD 2019
126
-35%
$5,050,730
-14%
Date
© Westside Estate Agency
9
90272 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
QUARTER 3 2019
QTR. AVG.
HHHHHHHH 4
AVG. PRICE PER TRANSACTION $
3
Q3.
2015
2016
2017
2018
2019
4,572,937
QUARTER 3 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
3,826,287
QUARTER 3 2019 vs 2018
2015
30% SALES
20% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
79
30%
$4,572,937
20%
Q3. 2018
61
-19%
$3,826,287
-6%
Q3. 2017
75
-7%
$4,083,880
3%
Q3. 2016
81
9%
$3,976,517
5%
Q3T. 2015
74
baseline
$3,781,690
baseline
YTD 2019
174
-6%
$4,160,401
-13%
Date
© Westside Estate Agency
10
90024 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 3 2019
QTR. AVG.
NUMBER OF SALES
12
PRICE IN MILLIONS
H = 10
HH
10 8
AVG. PRICE PER TRANSACTION
6
$
4 2
Q3.
2015
2016
2017
2018
2019
3,463,889
QUARTER 3 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
2,906,550
QUARTER 3 2019 vs 2018 -10% SALES
+19% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
18
-10%
$3,463,889
19%
Q3. 2018
20
-13%
$2,906,550
-32%
Q3. 2017
23
10%
$4,267,304
-63%
Q3. 2016
21
-19%
$11,592,314
332%
Q3. 2015
26
baseline
$2,684,654
baseline
YTD 2019
53
-10%
$2,996,236
-18%
Date
© Westside Estate Agency
11
90049 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
QUARTER 3 2019
QTR. AVG.
HHHHHHHHH 4
AVG. PRICE PER TRANSACTION $
3
Q3.
2015
2016
2017
2018
2019
4,814,501 H = 10
QUARTER 3 2018 NUMBER OF SALES
NUMBER OF SALES
HHHHHHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
4,304,184
QUARTER 3 2019 vs 2018
2015
-5% SALES
12% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
81
-5%
$4,814,501
12%
Q3. 2018
85
2%
$4,304,184
15%
Q3. 2017
83
-11%
$3,742,639
9%
Q3. 2016
93
27%
$3,430,441
-3%
Q3. 2015
73
baseline
$3,532,418
baseline
YTD 2019
229
0%
$4,998,888
7%
Date
© Westside Estate Agency
12
90025 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 3 2019
QTR. AVG.
NUMBER OF SALES
3.0
PRICE IN MILLIONS
H = 10
HHH 2.5 2.0
AVG. PRICE PER TRANSACTION $
1.5 1.0
Q3.
2015
2016
2017
2018
2019
1,874,381
QUARTER 3 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
1,900,273
QUARTER 3 2019 vs 2018
2015
+91% SALES
-1% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
21
91%
$1,874,381
-1%
Q3. 2018
11
-21%
$1,900,273
10%
Q3. 2017
14
-13%
$1,728,650
17%
Q3. 2016
16
-24%
$1,481,688
3%
Q3. 2015
21
baseline
$1,443,024
baseline
YTD 2019
53
6%
$1,945,623
9%
Date
© Westside Estate Agency
13
90402 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 3 2019
QTR. AVG.
NUMBER OF SALES
6
PRICE IN MILLIONS
H = 10
HHH 5
AVG. PRICE PER TRANSACTION $
4
Q3.
2015
2016
2017
2018
2019
5,244,924
QUARTER 3 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
4,754,611
QUARTER 3 2019 vs 2018 0% SALES
10% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
27
0%
$5,244,924
10%
Q3. 2018
27
-13%
$4,754,611
-11%
Q3. 2017
31
41%
$5,312,484
23%
Q3. 2016
22
-27%
$4,335,795
-2%
Q3. 2015
30
baseline
$4,409,352
baseline
YTD 2019
63
-9%
$5,238,841
16%
Date
© Westside Estate Agency
14
90005 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 3 2019
QTR. AVG.
NUMBER OF SALES
3.5
PRICE IN MILLIONS
H =1
HHHHHHHHHHH 3.0 2.5
AVG. PRICE PER TRANSACTION $
2.0 1.5
Q3.
2015
2016
2017
2018
2019
2,026,727
QUARTER 3 2018
H =1
NUMBER OF SALES NUMBER OF SALES
HHHHHHHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
2,660,833
QUARTER 3 2019 vs 2018 +22% SALES
-24% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
11
22%
$2,026,727
-24%
Q3. 2018
9
-18%
$2,660,833
-2%
Q3. 2017
11
-8%
$2,704,091
16%
Q3. 2016
12
20%
$2,326,625
-13%
Q3. 2015
10
baseline
$2,660,000
baseline
YTD 2019
27
0%
$1,855,000
-45%
Date
© Westside Estate Agency
15
90027 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 3 2019
QTR. AVG.
NUMBER OF SALES
3.0
PRICE IN MILLIONS
H = 10
HHHHH 2.5
AVG. PRICE PER TRANSACTION 2.0
$
1.5
Q3.
2015
2016
2017
2018
2019
1,726,648
QUARTER 3 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
2,388,295
QUARTER 3 2019 vs 2018 +0% SALES
-28% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
44
0%
$1,726,648
-28%
Q3. 2018
44
10%
$2,388,295
26%
Q3. 2017
40
-20%
$1,893,688
21%
Q3. 2016
50
-19%
$1,567,330
1%
Q3. 2015
62
baseline
$1,556,925
baseline
YTD 2019
113
-16%
$1,850,403
-17%
Date
© Westside Estate Agency
16
90064 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H = 10
QUARTER 3 2019
QTR. AVG.
HHHHH 2.0
AVG. PRICE PER TRANSACTION $
1.5
Q3.
2015
2016
2017
2018
2019
1,896,533 H = 10
QUARTER 3 2018 NUMBER OF SALES
NUMBER OF SALES
HHHHHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
2,020,973
QUARTER 3 2019 vs 2018
2015
-37% SALES
-6% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
46
-37%
$1,896,533
-6%
Q3. 2018
73
-1%
$2,020,973
26%
Q3. 2017
74
7%
$1,604,845
-19%
Q3. 2016
69
23%
$1,989,225
22%
Q3. 2015
56
baseline
$1,626,116
baseline
YTD 2019
176
1%
$2,020,537
1%
Date
© Westside Estate Agency
17
90291 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 3 2019
QTR. AVG.
NUMBER OF SALES
3.5
PRICE IN MILLIONS
H = 10
HHHHHH 3.0
AVG. PRICE PER TRANSACTION 2.5
$
2.0
Q3.
2015
2016
2017
2018
2019
2,152,598
QUARTER 3 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
2,152,627
QUARTER 3 2019 vs 2018
2015
+10% SALES
+0% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
56
10%
$2,152,598
0%
Q3. 2018
51
-14%
$2,152,627
-9%
Q3. 2017
59
5%
$2,375,305
15%
Q3. 2016
56
27%
$2,063,750
0%
Q3. 2015
44
baseline
$2,066,545
baseline
YTD 2019
136
-3%
$2,319,353
5%
Date
© Westside Estate Agency
18
90292 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
3.0
PRICE IN MILLIONS
H =1
QUARTER 3 2019
QTR. AVG.
HHHHHHHHHHH 2.5
AVG. PRICE PER TRANSACTION $
2.0
Q3.
2015
2016
2017
2018
2019
2,300,000 H =1
QUARTER 3 2018 NUMBER OF SALES
NUMBER OF SALES
HHHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
2,227,000
QUARTER 3 2019 vs 2018 +120% SALES
+3% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
11
120%
$2,300,000
3%
Q3. 2018
5
-64%
$2,227,000
-15%
Q3. 2017
14
56%
$2,612,786
29%
Q3. 2016
9
-18%
$2,024,556
-3%
Q3. 2015
11
baseline
$2,083,500
baseline
YTD 2019
24
-4%
$2,336,542
-4%
Date
© Westside Estate Agency
19
90293 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H =5
QUARTER 3 2019
QTR. AVG.
HHHH 2.0
AVG. PRICE PER TRANSACTION 1.5
$
1.0
Q3.
2015
2016
2017
2018
2019
1,711,031
QUARTER 3 2018
H =5
NUMBER OF SALES NUMBER OF SALES
HHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
1,656,667
QUARTER 3 2019 vs 2018
2015
+7% SALES
+3% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
16
7%
$1,711,031
3%
Q3. 2018
15
25%
$1,656,667
-13%
Q3. 2017
12
33%
$1,896,750
27%
Q3. 2016
9
0%
$1,488,611
-30%
Q3. 2015
9
baseline
$2,139,909
baseline
YTD 2019
42
-13%
$1,685,619
-6%
Date
© Westside Estate Agency
20
MIAMI MARKET VIEW
METRO MIAMI OVERVIEW AVG. PRICE PER TRANSACTION YTD AVG.
QTR. AVG.
H = 100
QUARTER 3 2019
2.5
PRICE IN MILLIONS
AVG. NUMBER OF SALES
HHHHH AVG. PRICE PER TRANSACTION $
H =100
QUARTER 3 2018
2.0
Q3.
2,406,848
2015
2016
2017
2018
2019
AVG. NUMBER OF SALES
HHHHH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION 2019
$
2018
2,351,841
2017
QUARTER 3 2019 vs 2018
2016 2015
+5% SALES
+2% PRICE
Date
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q3. 2019
480
5%
$2,406,848
2%
Q3. 2018
458
28%
$2,351,841
8%
Q3. 2017
359
-10%
$2,172,446
-5%
Q3. 2016
401
-19%
$2,283,288
-1%
Q3. 2015
494
baseline
$2,316,937
baseline
YTD 2019
1425
-7%
$2,433,375
0%
© Westside Estate Agency
21
YEAR TO DATE SALES 2015
2016
2017
Zip Code
Sales
Average Price
Sales
Δ vs ‘15
Average Price
Δ vs ‘15
Sales
Δ vs ‘16
Average Price
Δ vs ‘16
90210
232
$6,459,468
211
-9%
$5,954,650
-8%
220
4%
$6,400,248
7%
90211
33
$2,209,348
22
-33%
$2,152,523
-3%
30
36%
$2,369,233
10%
90069
113
$3,648,482
119
5%
$4,064,416
11%
126
6%
$3,444,369
-15%
90077
96
$6,163,448
87
-9%
$5,079,305
-18%
105
21%
$5,950,624
17%
90046
243
$1,826,743
230
-5%
$1,855,520
2%
224
-3%
$2,140,003
15%
90265
176
$4,741,474
186
6%
$4,495,888
-5%
186
0%
$5,068,720
13%
90272
223
$3,676,089
220
-1%
$3,667,787
0%
223
1%
$3,938,395
7%
90024
56
$2,721,723
77
38%
$5,421,741
99%
64
-17%
$4,024,258
-26%
90049
210
$3,646,639
221
5%
$3,531,581
-3%
242
10%
$3,833,222
9%
90025
58
$1,380,018
56
-3%
$1,458,884
6%
55
-2%
$1,829,520
25%
90402
71
$4,188,895
76
7%
$4,615,796
10%
92
21%
$4,520,120
-2%
90005
33
$2,370,485
33
0%
$1,905,006
-20%
34
3%
$2,364,529
24%
90027
144
$1,566,165
141
-2%
$1,648,255
5%
123
-13%
$2,557,254
55%
90064
142
$1,516,309
170
20%
$1,853,826
22%
205
21%
$1,956,316
6%
90291
136
$2,033,699
148
9%
$2,042,643
0%
160
8%
$3,035,460
49%
90292
28
$2,191,375
28
0%
$2,120,768
-3%
35
25%
$2,641,143
25%
90293
31
$1,928,796
33
6%
$1,527,273
-21%
44
33%
$1,844,989
21%
Miami
1593
$2,364,750
1316
-17%
$2,362,503
0%
1263
-4%
$2,311,892
-2%
PROPERTIES OF $1M OR MORE 2018
2019
Sales
Δ vs ‘17
Average Price
Δ vs ‘17
Sales
Δ vs ‘18
Average Price
Δ vs ‘18
208
-5%
$5,673,630
-11%
202
-3%
$6,862,845
21%
21
-30%
$2,624,286
11%
22
5%
$2,708,477
3%
117
-7%
$4,223,085
23%
113
-3%
$3,749,025
-11%
85
-19%
$6,575,667
11%
101
19%
$4,808,030
-27%
222
-1%
$2,112,104
-1%
214
-4%
$2,078,694
-2%
193
4%
$5,858,339
16%
126
-35%
$5,050,730
-14%
186
-17%
$4,770,354
21%
174
-6%
$4,160,401
-13%
59
-8%
$3,655,393
-9%
53
-10%
$2,996,236
-18%
230
-5%
$4,659,159
22%
229
0%
$4,998,888
7%
50
-9%
$1,781,570
-3%
53
6%
$1,945,623
9%
69
-25%
$4,509,239
0%
63
-9%
$5,238,841
16%
27
-21%
$3,386,722
43%
27
0%
$1,855,000
-45%
134
9%
$2,230,753
-13%
113
-16%
$1,850,403
-17%
175
-15%
$2,007,737
3%
176
1%
$2,020,537
1%
140
-13%
$2,203,779
-27%
136
-3%
$2,319,353
5%
25
-29%
$2,424,123
-8%
24
-4%
$2,336,542
-4%
48
9%
$1,795,729
-3%
42
-13%
$1,685,619
-6%
1528
21%
$2,436,414
5%
1425
-7%
$2,433,375
0%
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 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. The company added its Miami, Florida location in early 2017. 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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