MICRO MARKET REPORT LOS ANGELES & MIAMI ISSUE NUMBER FIVE - JULY 2015
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
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ZIP CODE 90265 - MALIBU
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ZIP CODE 90272 - PACIFIC PALISADES
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ZIP CODE 90024 - WESTWOOD
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ZIP CODE 90049 - BRENTWOOD
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ZIP CODE 90025 - WEST LA
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ZIP CODE 90201/90402 - SANTA MONICA
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ZIP CODE 90005 - HANCOCK PARK
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ZIP CODE 90027 - LOS FELIZ
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ZIP CODE 90064 - CHEVIOT HILLS
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ZIP CODE 90212 - BEVERLY HILLS
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ZIP CODE 90291 - VENICE
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ZIP CODE 90292 - MARINA DEL RAY
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MIAMI MARKET OVERVIEW
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ABOUT WEA
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Data provided by First American Title Co. Through L.A. County records for sales exceeding $1 million 2
A MESSAGE FROM WEA Fluff or Substance Do you want your real estate brokerage to tell you about the best hamburgers in town or to advise on the top martini? There is an increasing trend of brokerages to focus on providing this type of non-real estate related fluff. At WEA we think you have that part of your life figured out so we choose to advise you specifically on REAL ESTATE with content that you can use. Our goal is, and has always been, to give our clients the best direction on selling or buying their home. Our agents are hands on. When they make a promise they deliver. We don’t send assistants to do an agent’s job. You meet us and we represent you instead of giving you face time and then only showing up when it’s time to cash the check. We think you’ll be appreciative of the personal attention you receive from our agents. After all, our goal is not to increase our SEO exposure, it’s to direct and advise your real estate transactions and decision making. When we, at WEA, provide information to you, it is and will always be focused on our most valuable asset: You. We look forward to meeting you and demonstrating why we have been the “high-net worth” leader for over 15 years. Stephen Shapiro Co-Founder, Westside Estate Agency
3
90210 AVG. PRICE PER TRANSACTION
2015
PRICE IN MILLIONS
8
AVG. NUMBER OF SALES
HHHHHHHHHHHH HHHHHHHHHHHH HHHHH
7 6 5 4
AVG. PRICE PER TRANSACTION $
3
5,875,552
2 1
2007
0
2007
2010
2014
2015
AVG. NUMBER OF SALES
HHHHHHHHHHHH HH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION $
5,180,893
2015 vs 2007 2007
2010
2014
2015
+107% SALES
+13% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
29
+32%
$5,875,552
+17%
2014
22
+100%
$5,027,182
-25%
2010
11
-21%
$6,696,502
+29%
2007
14
n/a
$5,180,893
n/a
© Westside Estate Agency
4
90211 AVG. PRICE PER TRANSACTION
2015
PRICE IN MILLIONS
2.5
AVG. NUMBER OF SALES
HHHHHH
2.0
AVG. PRICE PER TRANSACTION $
1.5
2,004,167
1.0 0.5
2007
0.0
2007
2010
2014
2015
AVG. NUMBER OF SALES
HHH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION $
1,447,005
2015 vs 2007 2007
2010
2014
2015
+100% SALES
+39% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
6
+500%
$2,004,167
+50%
2014
1
-50%
$1,332,000
+21%
2010
2
-33%
$1,100,000
-24%
2007
3
n/a
$1,447,005
n/a
© Westside Estate Agency
5
90069 AVG. PRICE PER TRANSACTION
2015
PRICE IN MILLIONS
5
AVG. NUMBER OF SALES
HHHHHHHHHH
4
AVG. PRICE PER TRANSACTION $
3
4,393,750
2 1
2007
0
2007
2010
2014
2015
AVG. NUMBER OF SALES
HHHHHHH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION $
2,340,071
2015 vs 2007 2007
2010
2014
2015
+43% SALES
+88% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
10
-17%
$4,393,750
+42%
2014
12
+300%
$3,096,042
+95%
2010
3
-57%
$1,590,000
-32%
2007
7
n/a
$2,340,071
n/a
© Westside Estate Agency
6
90077 AVG. PRICE PER TRANSACTION
2015
PRICE IN MILLIONS
5
AVG. NUMBER OF SALES
HHHHHHHHHHHH HHHH
4 3
AVG. PRICE PER TRANSACTION $
3,739,719
2 1
2007
0
2007
2010
2014
2015
AVG. NUMBER OF SALES
HHH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION $
2,746,667
2015 vs 2007 2007
2010
2014
2015
+433% SALES
+36% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
16
+33%
$3,739,719
+112%
2014
12
+100%
$1,766,750
-58%
2010
6
+100%
$4,161,667
+52%
2007
3
n/a
$2,746,667
n/a
© Westside Estate Agency
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90046 AVG. PRICE PER TRANSACTION
2015
PRICE IN MILLIONS
2.5
AVG. NUMBER OF SALES
HHHHHHHHHHHH HHHHHHHHHHHH HHHHHHH
2.0 1.5
AVG. PRICE PER TRANSACTION $
1.0
1,720,935
0.5 0.0
2007
2010
2014
2015
2007 AVG. NUMBER OF SALES
NUMBER OF SALES
HHHHHHHHHHH AVG. PRICE PER TRANSACTION $
1,326,545
2015 vs 2007 2007
2010
2014
2015
+182% SALES
+30% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
31
0%
$1,720,935
-21%
2014
31
+210%
$2,176,833
+109%
2010
10
-9%
$1,042,550
-21%
2007
11
n/a
$1,326,545
n/a
© Westside Estate Agency
8
90265 AVG. PRICE PER TRANSACTION
2015
PRICE IN MILLIONS
8
AVG. NUMBER OF SALES
HHHHHHHHHHHH HHHHHHH
7 6 5
AVG. PRICE PER TRANSACTION $
4
5,069,711
3 2 1
2007
0
2007
2010
2014
2015
AVG. NUMBER OF SALES
HHHHHH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION $
7,914,333
2015 vs 2007 2007
2010
2014
2015
+217% SALES
-36% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
19
-14%
$5,069,711
+25%
2014
22
+214%
$4,071,773
+129%
2010
7
+17%
$1,779,286
-78%
2007
6
n/a
$7,914,333
n/a
© Westside Estate Agency
9
90272 AVG. PRICE PER TRANSACTION
2015
PRICE IN MILLIONS
4.0
AVG. NUMBER OF SALES
HHHHHHHHHHHH HHHHHHHHHHHH HHHH
3.5 3.0 2.5 2.0
AVG. PRICE PER TRANSACTION $
1.5
3,682,679
1.0 0.5 0.0
2007
2010
2014
2015
2007 AVG. NUMBER OF SALES
NUMBER OF SALES
HHHHHHHH AVG. PRICE PER TRANSACTION $
2,870,375
2015 vs 2007 2007
2010
2014
2015
+250% SALES
+28% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
28
-32%
$3,682,679
+4%
2014
41
+215%
$3,553,493
+74%
2010
13
+63%
$2,045,923
-29%
2007
8
n/a
$2,870,375
n/a
© Westside Estate Agency
10
90024 PRICE IN MILLIONS
AVG. PRICE PER TRANSACTION
2015
3.0
AVG. NUMBER OF SALES
2.5
HHHHHHHHH
2.0
AVG. PRICE PER TRANSACTION $
1,914,556
1.5 1.0 0.5
2007
0.0
2007
2010
2014
2015
AVG. NUMBER OF SALES
HH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION $
1,252,500
2015 vs 2007 2007
2010
2014
2015
+350% SALES
+53% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
9
-10%
$1,914,556
-36%
2014
10
+100%
$2,990,000
+75%
2010
5
+150%
$1,704,700
+36%
2007
2
n/a
$1,252,500
n/a
© Westside Estate Agency
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90049 AVG. PRICE PER TRANSACTION
2015
PRICE IN MILLIONS
4.0
AVG. NUMBER OF SALES
HHHHHHHHHHHH HHHHHHHHH
3.5 3.0 2.5
AVG. PRICE PER TRANSACTION $
2.0
2,868,714
1.5 1.0 0.5
2007
0.0
2007
2010
2014
2015
AVG. NUMBER OF SALES
HHHHHHHHHHHH HHH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION $
3,879,567
2015 vs 2007 2007
2010
2014
2015
+40% SALES
-26% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
21
-19%
$2,868,714
-18%
2014
26
+86%
$3,489,080
+65%
2010
14
-7%
$2,109,786
-46%
2007
15
n/a
$3,879,567
n/a
© Westside Estate Agency
12
90025 AVG. PRICE PER TRANSACTION
2015
PRICE IN MILLIONS
2.0
AVG. NUMBER OF SALES
HHHH 1.5
AVG. PRICE PER TRANSACTION $
1,750,000
1.0
0.5
2007
0.0
2007
2010
2014
2015
AVG. NUMBER OF SALES
HHH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION $
867,000
2015 vs 2007 2007
2010
2014
2015
+33% SALES
+102% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
4
-20%
$1,750,000
+16%
2014
5
+67%
$1,512,500
+50%
2010
3
0%
$1,005,000
16%
2007
3
n/a
$867,000
n/a
© Westside Estate Agency
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90402 AVG. PRICE PER TRANSACTION
2015
PRICE IN MILLIONS
5
AVG. NUMBER OF SALES
HHHHHHHHHHHH HHHHH
4 3
AVG. PRICE PER TRANSACTION $
4,847,500
2 1
2007
0
2007
2010
2014
2015
AVG. NUMBER OF SALES
HH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION $
3,787,500
2015 vs 2007 2007
2010
2014
2015
+750% SALES
+28% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
17
+55%
$4,847,500
+26%
2014
11
+57%
$3,842,955
+36%
2010
7
+250%
$2,829,214
-25%
2007
2
n/a
$3,787,500
n/a
© Westside Estate Agency
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90005 AVG. PRICE PER TRANSACTION
2015
PRICE IN MILLIONS
2.0
AVG. NUMBER OF SALES
HHH 1.5
AVG. PRICE PER TRANSACTION $
1,865,167
1.0
0.5
2007
0.0
2007
2010
2014
2015
AVG. NUMBER OF SALES NUMBER OF SALES AVG. PRICE PER TRANSACTION $
Not Avail.
2015 vs 2007 2007
2010
2014
2015
n/a SALES
n/a PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
3
n/a
$1,865,167
n/a
2014
n/a
n/a
n/a
n/a
2010
3
n/a
$507,000
n/a
2007
n/a
n/a
n/a
n/a
© Westside Estate Agency
15
90027 AVG. PRICE PER TRANSACTION
2015
PRICE IN MILLIONS
2.0
AVG. NUMBER OF SALES
HHHHHHHHHHHH HHHHH
1.5
AVG. PRICE PER TRANSACTION $
1.0
1,281,706
0.5
2007
0.0
2007
2010
2014
2015
AVG. NUMBER OF SALES
HHHHHHHH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION $
1,221,813
2015 vs 2007 2007
2010
2014
2015
+113% SALES
+5% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
17
+6%
$1,281,706
-16%
2014
16
+220%
$1,527,264
+42%
2010
5
-38%
$1,079,000
-12%
2007
8
n/a
$1,221,813
n/a
© Westside Estate Agency
16
90064 AVG. PRICE PER TRANSACTION
2015
PRICE IN MILLIONS
1.5
AVG. NUMBER OF SALES
HHHHHHHHHHHH HHHHHH
1.2 0.9
AVG. PRICE PER TRANSACTION $
1,406,917
0.6 0.3
2007
0.0
2007
2010
2014
2015
AVG. NUMBER OF SALES
HHHHHHHHHHHH HH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION $
1,380,607
2015 vs 2007 2007
2010
2014
2015
+29% SALES
+2% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
18
+64%
$1,406,917
+8%
2014
11
+10%
$1,306,545
+3%
2010
10
-29%
$1,273,850
-8%
2007
14
n/a
$1,380,607
n/a
© Westside Estate Agency
17
90212 AVG. PRICE PER TRANSACTION
2015
PRICE IN MILLIONS
2.5
AVG. NUMBER OF SALES
HH
2.0
AVG. PRICE PER TRANSACTION $
1.5
2,487,500
1.0 0.5
2007
0.0
2007
2010
2014
2015
AVG. NUMBER OF SALES
NUMBER OF SALES AVG. PRICE PER TRANSACTION $
Not Avail.
2015 vs 2007 2007
2010
2014
2015
n/a SALES
n/a PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
2
+100%
$2,487,500
+29%
2014
1
n/a
$1,925,000
n/a
2010
n/a
n/a
n/a
n/a
2007
n/a
n/a
n/a
n/a
© Westside Estate Agency
18
90291 AVG. PRICE PER TRANSACTION
2015
PRICE IN MILLIONS
2.0
AVG. NUMBER OF SALES
HHHHHHHHHHHH HHHHHH
1.5
AVG. PRICE PER TRANSACTION $
1.0
1,742,167
0.5
2007
0.0
2007
2010
2014
2015
AVG. NUMBER OF SALES
HHH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION $
1,598,333
2015 vs 2007 2007
2010
2014
2015
+500% SALES
+9% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
18
-31%
$1,742,167
+7%
2014
26
+160%
$1,623,038
+65%
2010
10
+233%
$986,550
-38%
2007
3
n/a
$1,598,333
n/a
© Westside Estate Agency
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90292 AVG. PRICE PER TRANSACTION
2015
PRICE IN MILLIONS
2.0
AVG. NUMBER OF SALES
HHH 1.5
AVG. PRICE PER TRANSACTION $
1,711,667
1.0
0.5
2007
0.0
2007
2010
2014
2015
AVG. NUMBER OF SALES
HH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION $
1,076,000
2015 vs 2007 2007
2010
2014
2015
+50% SALES
+59% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
3
n/a
$1,711,667
n/a
2014
n/a
n/a
n/a
n/a
2010
4
+100%
$1,812,500
+68%
2007
2
n/a
$1,076,000
n/a
© Westside Estate Agency
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MIAMI MARKET VIEW
METRO MIAMI OVERVIEW PRICE IN MILLIONS
AVG. PRICE PER TRANSACTION
H =5
2015
1.2
AVG. NUMBER OF SALES
1.0
HHHHHHHHH
0.8
AVG. PRICE PER TRANSACTION $
1,136,210
0.6 0.4 0.2
H =5
2007
0.0
2007
2010
2014
2015
AVG. NUMBER OF SALES
HHHHHH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION $
973,441
2015 vs 2007 2007
2010
2014
2015
+34% SALES
+14% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
2015
41
-25%
$1,136,210
+27%
2014
55
+27%
$831,804
+32%
2010
40
+33%
$567,476
-41%
2007
27
n/a
$973,441
n/a
Data via MLS for zip codes: 33109, 33131, 33132, 33133, 33134, 33137, 33138, 33139, 33140, 33143, 33146, 33149, 33154, 33156, 33160, 33180 & 33181
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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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