Micro Market Report Los Angeles & Miami Issue #9 12/15 for 11/15 statistics
1
Table of Contents zip Code 90210 - Beverly Hills
3
zip Code 90211 - beverly hills
4
zip Code 90069 - Sunset strip
5
zip Code 90077 - Bel Air
6
zip Code 90046 - West Hollywood
7
zip Code 90265 - malibu
8
zip Code 90272 - Pacific palisades
9
zip Code 90024 - westwood
10
zip Code 90049 - brentwood
11
zip Code 90025 - west LA
12
zip Code 90201/90402 - santa monica
13
Zip COde 90005 - Hancock Park
14
Zip Code 90027 - Los Feliz
15
Zip Code 90064 - Cheviot Hills
16
zip Code 90291 - Venice
17
Zip Code 90292 - Marina del Rey
18
Miami Market Overview
19
ALL ZIP CODES YEAR TO DATE SALES
20
WEA Message
22
About WEA
23
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
90210 Avg. Price Per Transaction
November 2015
8
Number of Sales
Price in millions
7
HHHHHHHHHHHH HHHHHHHHHHHH
6 5 4
Avg. Price per transaction
3
$
2 1 0
Nov.
2007
2010
2014
2015
5,732,504
November 2007 Number of Sales
number of sales
HHHHH Avg. Price per transaction $
3,431,000
November 2015 vs 2007 Nov.
2007
2010
2014
2015
+380% Sales
+67% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Nov. 2015
24
+50%
$5,732,504
0%
Nov. 2014
16
+220%
$5,721,156
-9%
Nov. 2010
5
0%
$6,305,400
+84%
Nov. 2007
5
baseline
$3,431,000
baseline
280
+28%
$6,310,156
+21%
Date
YTD 2015
© Westside Estate Agency
3
90211 Avg. Price Per Transaction
November 2015
Price in millions
2.5
Number of Sales
HH
2.0
Avg. Price per transaction $
1.5
2,147,500
1.0 0.5 0.0
Nov.
2007
2010
2014
2015
November 2007 Number of sales
number of sales
Avg. Price per transaction
Not Avail.
November 2015 vs 2007 Nov. 2007
2010
2014
2015
+/-0% Sales
+/-0% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Nov. 2015
2
+100%
$2,147,500
+3%
Nov. 2014
1
-50%
$2,088,000
+62%
Nov. 2010
2
0%
$1,288,000
0%
Nov. 2007
0
baseline
0
baseline
YTD 2015
38
41%
$2,179,882
24%
Date
© Westside Estate Agency
4
90069 Avg. Price Per Transaction
November 2015
3.5
Number of Sales
Price in millions
3.0
HHHHHHHHH
2.5 2.0 1.5
Avg. Price per transaction
1.0
$
0.5
3,454,000
0.0
Nov. 2007
2010
2014
2015
November 2007 Number of Sales
number of sales
HHH Avg. Price per transaction $
2,583,333
November 2015 vs 2007 Nov. 2007
2010
2014
2015
+200% Sales
+34% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Nov. 2015
9
+50%
$3,454,000
+47%
Nov. 2014
6
+50%
$2,357,500
+5%
Nov. 2010
4
+33%
$2,241,125
-13%
Nov. 2007
3
baseline
$2,583,333
baseline
143
+34%
$3,665,780
+2%
Date
YTD 2015
© Westside Estate Agency
5
90077 Avg. Price Per Transaction
November 2015
Price in millions
8
Number of Sales
7
HHHHHH
6 5 4
Avg. Price per transaction
3
$
2 1
0
3,369,333
November 2007
Nov. 2007
2010
2014
2015
Number of Sales
number of sales
HHHHHHH Avg. Price per transaction $
2,204,945
November 2015 vs 2007 Nov. 2007
2010
2014
2015
-14% Sales
+53% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Nov. 2015
6
-14%
$3,369,333
-53%
Nov. 2014
7
+75%
$7,210,714
+29%
Nov. 2010
4
-43%
$5,604,375
+154%
Nov. 2007
7
baseline
$2,204,945
baseline
120
+46%
$5,600,948
-16%
Date
YTD 2015
© Westside Estate Agency
6
90046 Avg. Price Per Transaction
November 2015
Price in millions
2.0
Number of Sales
HHHHHHHHHHHH HHHHHHHHHHH
1.5
1.0
Avg. Price per transaction $
0.5
0.0
1,587,435
November 2007
Nov. 2007
2010
2014
2015
number of sales
Number of Sales
HH Avg. Price per transaction $
807,500
November 2015 vs 2007 Nov. 2007
2010
2014
2015
+1,050% Sales
+97% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Nov. 2015
23
+44%
$1,587,435
-18%
Nov. 2014
16
+60%
$1,942,844
+43%
Nov. 2010
10
+400%
$1,360,250
+68%
Nov. 2007
2
baseline
$807,500
baseline
300
+30%
$1,777,878
0%
Date
YTD 2015
© Westside Estate Agency
7
90265 Avg. Price Per Transaction
November 2015
Price in millions
5
Number of Sales
HHHHHHHHHHHH HHHHHHH
4 3
Avg. Price per transaction
2
$ 1 0
4,526,447
November 2007
Nov. 2007
2010
2014
2015
number of sales
Number of Sales
HHHHHHH Avg. Price per transaction $
2,631,714
November 2015 vs 2007 Nov.
2007
2010
2014
2015
+171% Sales
+72% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Nov. 2015
19
-5%
$4,526,447
+42%
Nov. 2014
20
+186%
$3,191,116
+78%
Nov. 2010
7
0%
$1,791,000
-32%
Nov. 2007
7
baseline
$2,631,714
baseline
209
+26%
$4,662,039
+20%
Date
YTD 2015
© Westside Estate Agency
8
90272 Avg. Price Per Transaction
November 2015
Price in millions
3.0
Number of Sales
2.5
HHHHHHHHHHHH H
2.0 1.5 1.0
Avg. Price per transaction
0.5
$
0.0
Nov. 2007
2010
2014
2015
2,434,423
November 2007 Number of Sales
number of sales
HHHHHHHHHH Avg. Price per transaction $
2,436,650
November 2015 vs 2007 Nov.
2007
2010
2014
2015
30% Sales
0% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Nov. 2015
13
+18%
$2,434,423
-12%
Nov. 2014
11
+10%
$2,768,318
+50%
Nov. 2010
10
0%
$1,848,000
-24%
Nov. 2007
10
baseline
$2,436,650
baseline
254
+4%
$3,557,816
+7%
Date
YTD 2015
© Westside Estate Agency
9
90024 Avg. Price Per Transaction
November 2015
Price in millions
10
Number of Sales
HH
8
Avg. Price per transaction
6
$
4
9,111,000
2 0
Nov. 2007
2010
2014
2015
November 2007 Number of Sales
number of sales
Avg. Price per transaction
Not avail November 2015 vs 2007 Nov.
2007
2010
2014
2015
+/-0% Sales
+/-0% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Nov. 2015
2
-50%
$9,111,000
+332%
Nov. 2014
4
-20%
$2,110,750
-47%
Nov. 2010
5
0%
$4,011,000
0%
Nov. 2007
0
baseline
0
baseline
YTD 2015
68
-9%
$2,853,515
-37%
Date
© Westside Estate Agency
10
90049 Avg. Price Per Transaction
November 2015
Price in millions
4.0
Number of Sales
3.5
HHHHHHHHHHHH HHHHHHHHHHHH H
3.0 2.5 2.0
Avg. Price per transaction
1.5
$
1.0 0.5 0.0
Nov.
2007
2010
2014
2015
3,916,904
November 2007 Number of Sales
number of sales
HH Avg. Price per transaction $
3,150,000
November 2015 vs 2007 Nov.
2007
2010
2014
2015
+1,150% Sales
+24% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Nov. 2015
25
+9%
$3,916,904
+51%
Nov. 2014
23
+77%
$2,585,522
+16%
Nov. 2010
13
+550%
$2,227,538
-29%
Nov. 2007
2
baseline
$3,150,000
baseline
274
+36%
$3,840,150
+21%
Date
YTD 2015
© Westside Estate Agency
11
90025 Avg. Price Per Transaction
November 2015
Price in millions
2.0
Number of Sales
HHHHH
1.5
Avg. Price per transaction 1.0
$
1,637,000
0.5
0.0
Nov.
2007
2010
2014
2015
November 2007 Number of Sales
number of sales
HHHHH Avg. Price per transaction $
1,763,100
November 2015 vs 2007 Nov.
2007
2010
2014
2015
0% Sales
-7% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Nov. 2015
5
-29%
$1,637,000
+46%
Nov. 2014
7
+600%
$1,124,571
+28%
Nov. 2010
1
-80%
$879,000
-50%
Nov. 2007
5
baseline
$1,763,100
baseline
YTD 2015
73
+62%
$1,368,398
+6%
Date
© Westside Estate Agency
12
90402 Avg. Price Per Transaction
November 2015
Price in millions
5
Number of Sales
4
HHHHHHHHHHH
3
Avg. Price per transaction $
2
4,475,318
1 0
Nov. 2007
2010
2014
2015
November 2007 Number of Sales
number of sales
HHHHH Avg. Price per transaction $
3,186,000
November 2015 vs 2007 Nov.
2007
2010
2014
2015
+120% Sales
+40% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Nov. 2015
11
+175%
$4,475,318
+5%
Nov. 2014
4
-33%
$4,258,750
+97%
Nov. 2010
6
+20%
$2,160,833
-32%
Nov. 2007
5
baseline
$3,186,000
baseline
94
+29%
$4,154,644
+7%
Date
YTD 2015
© Westside Estate Agency
13
90005 Avg. Price Per Transaction
November 2015
Price in millions
3.0
Number of Sales
HH
2.5 2.0
Avg. Price per transaction $
1.5 1.0
1,225,000
0.5 0.0
Nov. 2007
2010
2014
2015
November 2007 Number of sales
number of sales
H Avg. Price per transaction $
1,695,000
November 2015 vs 2007 Nov.
2007
2010
2014
2015
+100% Sales
-28% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Nov. 2015
2
-33%
$1,225,000
+17%
Nov. 2014
3
+200%
$1,050,000
-65%
Nov. 2010
1
0%
$3,000,000
+77%
Nov. 2007
1
baseline
$1,695,000
baseline
43
+72%
$2,175,395
+46%
Date
YTD 2015
© Westside Estate Agency
14
90027 Avg. Price Per Transaction
November 2015
Price in millions
2.5
Number of Sales
2.0
HHHHHHHHHHH
1.5 1.0
Avg. Price per transaction
0.5
$
1,802,591
0.0
Nov. 2007
2010
2014
2015
November 2007 Number of Sales
number of sales
HHH Avg. Price per transaction $
2,416,667
November 2015 vs 2007 Nov. 2007
2010
2014
2015
+267% Sales
-25% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Nov. 2015
11
-27%
$1,802,591
+29%
Nov. 2014
15
+150%
$1,393,067
+91%
Nov. 2010
6
+100%
$728,083
-70%
Nov. 2007
3
baseline
$2,416,667
baseline
176
+41%
$1,600,500
-1%
Date
YTD 2015
© Westside Estate Agency
15
90064 Avg. Price Per Transaction
November 2015
Price in millions
2.0
Number of Sales
HHHHHHHHHHHH HHHHHHH
1.5
1.0
Avg. Price per transaction $
1,377,737
0.5
0.0
Nov. 2007
2010
2014
2015
November 2007 Number of Sales
number of sales
HHHHHHH Avg. Price per transaction $
1,701,571
November 2015 vs 2007 Nov.
2007
2010
2014
2015
+171% Sales
-19% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Nov. 2015
19
+46%
$1,377,737
-5%
Nov. 2014
13
+117%
$1,456,647
+17%
Nov. 2010
6
-14%
$1,246,750
-27%
Nov. 2007
7
baseline
$1,701,571
baseline
181
+12%
$1,481,283
+6%
Date
YTD 2015
© Westside Estate Agency
16
90291 Avg. Price Per Transaction
November 2015
Price in millions
2.5
Number of Sales
HHHHHHHHHHHH HHHH
2.0 1.5
Avg. Price per transaction 1.0
$
0.5 0.0
Nov. 2007
2010
2014
2015
2,043,438
November 2007 Number of Sales
number of sales
HH Avg. Price per transaction $
1,600,000
November 2015 vs 2007 Nov. 2007
2010
2014
2015
+700% Sales
+28% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Nov. 2015
16
+33%
$2,043,438
+16%
Nov. 2014
12
+100%
$1,768,667
+21%
Nov. 2010
6
+200%
$1,457,250
-9%
Nov. 2007
2
baseline
$1,600,000
baseline
176
+17%
$1,989,989
+11%
Date
YTD 2015
© Westside Estate Agency
17
90292 Avg. Price Per Transaction
November 2015
Price in millions
4.0
Number of Sales
3.5
HHH
3.0 2.5
Avg. Price per transaction
2.0
$
1.5
3,882,333
1.0 0.5 0.0
Nov.
2007
2010
2014
2015
November 2007 Number of Sales
number of sales
H Avg. Price per transaction $
1,800,000
November 2015 vs 2007 Nov.
2007
2010
2014
2015
+200% Sales
+116% Price
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Nov. 2015
3
-40%
$3,882,333
+59%
Nov. 2014
5
+400%
$2,447,000
+163%
Nov. 2010
1
0%
$930,000
-48%
Nov. 2007
1
baseline
$1,800,000
baseline
35
+6%
$2,342,514
+18%
Date
YTD 2015
© Westside Estate Agency
18
Miami market view
metro Miami overview avg. Price Per Transaction
Price in millions
2.5
Number of Sales
HHHHHHHHHHH
2.0
AVg. Price per transaction
1.5
$ 1.0 0.5
2,207,125
November 2007
0.0
Nov.
H = 10
November 2015
H = 10
Number of Sales 2007
2010
2014
2015
HHHHHHHH
number of sales avg. Price per transaction $
2,092,532
November 2015 vs 2007 +5% Price
2015
+40% Sales
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Nov. 2015
109
-11%
$2,207,125
-4%
Nov. 2014
123
+92%
$2,293,703
+11%
Nov. 2010
64
-18%
$2,066,280
-1%
Nov. 2007
78
baseline
$2,092,532
baseline
1898
-11%
$2,304,968
+4%
Nov.
2007
Date
YTD 2015
2010
2014
© Westside Estate Agency
19
YEAR TO DATE SALES OF
2007
2010
2014
Zip Code
Sales
Average Price
Sales
Δ vs ‘07
Average Price
Δ vs ‘07
Sales
Δ vs ‘10
90210
81
$4,869,630
106
31%
$4,777,963
-2%
219
107%
90211
9
$1,674,002
18
100%
$1,490,833
-11%
27
50%
90069
50
$2,524,370
45
-10%
$2,021,811
-20%
107
138%
90077
45
$3,579,794
49
9%
$2,394,235
-33%
82
67%
90046
72
$1,644,444
95
32%
$1,024,574
-38%
230
142%
90265
74
$5,075,541
77
4%
$4,370,753
-14%
166
116%
90272
91
$3,034,868
125
37%
$2,394,940
-21%
245
96%
90024
22
$2,000,500
34
55%
$2,274,559
14%
75
121%
90049
79
$3,257,791
125
58%
$2,242,382
-31%
201
61%
90025
21
$1,212,214
27
29%
$971,759
-20%
45
67%
90402
29
$3,249,759
53
83%
$2,564,764
-21%
73
38%
90005
9
$1,744,889
15
67%
$910,000
-48%
25
67%
90027
53
$1,312,427
45
-15%
$1,025,378
-22%
125
178%
90064
89
$1,318,754
89
0%
$1,125,124
-15%
161
81%
90291
50
$1,312,882
74
48%
$1,063,878
-19%
150
103%
90292
12
$1,604,375
15
25%
$1,567,733
-2%
33
120%
Miami
1148
$2,006,074
893
-22%
$1,935,311
-4%
2022
126%
20
PROPERTIES OF $1M OR MORE
2014
2015
Δ 2007 vs 2015
Average Price
Δ vs ‘10
Sales
Δ vs ‘14
Average Price
Δ vs ‘14
Sales
Average Price
$5,229,228
9%
280
28%
$6,310,156
21%
246%
30%
$1,762,722
18%
38
41%
$2,179,882
24%
322%
30%
$3,591,523
78%
143
34%
$3,664,780
2%
186%
45%
$6,667,695
178%
120
46%
$5,600,948
-16%
167%
56%
$1,769,760
73%
300
30%
$1,777,878
0%
317%
8%
$3,886,161
-11%
209
26%
$4,662,039
20%
182%
-8%
$3,315,097
38%
254
4%
$3,557,816
7%
179%
17%
$4,498,962
98%
68
-9%
$2,853,515
-37%
209%
43%
$3,176,150
42%
274
36%
$3,840,150
21%
247%
18%
$1,293,533
33%
73
62%
$1,368,398
6%
248%
13%
$3,877,701
51%
94
29%
$4,154,644
7%
224%
28%
$1,487,620
63%
43
72%
$2,175,395
46%
378%
25%
$1,618,343
58%
176
41%
$1,600,500
-1%
232%
22%
$1,391,942
24%
181
12%
$1,481,283
6%
103%
12%
$1,790,086
68%
176
17%
$1,989,989
11%
252%
52%
$1,979,942
26%
35
6%
$2,342,514
18%
192%
46%
$2,219,942
15%
1796
-11%
$2,310,793
4%
56%
15%
21
Compare Los Angeles Real Estate Brokerages
A Message From WEA TECHNOLOGY IS CHANGING FAST, BUT REAL ESTATE? Recently I needed a new keyboard for my Mac computer. But didn’t have the time to go to the Apple store, park, wait for help, etc. I opened my “Prime Now” app on my phone and ordered a new keyboard at 11AM. The keyboard was delivered at 11:30AM with the only additional charge being a $6 tip for the driver. This is incredible. Why go to a store if you know what you want and you can get it in an hour, day or two days. But real estate? That’s another issue. At the price ranges we trade in, every buyer wants to see, touch and feel. You need to see all the rooms, the garden, the privacy, the neighbors, etc. So much to consider, that you can’t see with photos or video. A house is definitely not a keyboard. The quality real estate agent is irreplaceable. Same with the large conglomerate companies invading the market. No matter how many offices open, the number of transactions remain the same. More offices do not mean more transactions. They say they’re “different” when in fact they aren’t. Recently a new company opened. It hired a manager from a large competitor. That competitor then hired a manager from another invader. Sounds like re-treading coaches in the NBA. These companies have out-ofthe-region corporate offices whose goal is to build gross income and increase stock prices. It has little to do with the client. The local companies do not operate like this. We know our clients, and make decisions based singularly with their best interest. The large conglomerates say they use new technology, but this is rarely true. Their websites are hard to navigate, with content to benefit search engines. By comparison, www.weahomes.com is an innovative, easily accessible website designed to find homes. We keep a pulse on tech (not just real estate tech), and we can move in a second to implement any changes needed. Competitors cannot. We sell homes for people to live in, we use technology to best sell homes for people, and we do it better than the rest. Try us. weahomes.com Stephen Shapiro Co-Founder, Westside Estate Agency 22
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
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. 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 in-house 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
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.
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.
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
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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