MICRO MARKET REPORT LOS ANGELES & MIAMI ISSUE #44 7/28/22 FOR Q2 2022 STATISTICS
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 90005 - HANCOCK PARK
16
ZIP CODE 90027 - LOS FELIZ
17
ZIP CODE 90064 - CHEVIOT HILLS
18
ZIP CODE 90291 - VENICE
19
ZIP CODE 90292 - MARINA 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
A MESSAGE FROM WEA INFLATION, INTEREST RATES, & UNCERTAINTY As is always the case, the pendulum is moving and we are now shifting from a seller’s market to a buyer’s market. We are seeing more inventory, more price reductions, and listings are spending more time on the market. Unfortunately, sellers are always the last to acknowledge this change and the result is that the longer they wait to adjust their asking price, the lower the actual sale price will be. Sellers must react now to make their prices attractive enough for buyers to act. Although buyers will see better pricing, they are also used to historically low interest rates. Even though interest rates of 6% are still reasonable, the same loan will now cost double what it would have just a few months ago. This causes more buyers to pause and, therefore, puts more pressure on sellers to reduce the listing price to a number that allows buyers to absorb the increased rate of borrowing. All signs point to even higher interest rates and continued inflation, particularly with food as the Ukrainian war has prevented them from harvesting foods for that part of the world as well as planting for the following year, and dramatically limited their production of fertilizer. This has not only resulted in shortages but also higher food costs. While all of this is a lot to swallow, we are in it for the long term and the pendulum will shift again, as it always does.
Stephen Shapiro Co-Founder, Westside Estate Agency
3
90210 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
1.02
$
BILLION
579
-43%
NUMBER OF SALES • Q2
7.6
8.3
$
MILLION
MILLION
Q2 2022
Q2 2021
$
MILLION Q2 2022
Q2 2021
-8%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
MEDIAN PRICE
16 150
12
120 90
9
60
6
30
3
0
0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
76
-38.2%
$7,620,355 / $5,087,500
-8% / -5%
Q2 2021
123
232.4%
$8,318,171 / $5,350,000
-41% / -24%
Q2 2020
37
-49.3%
$14,157,703 / $7,050,000
109% / 88%
Q2 2019
73
baseline
$6,774,957 / $3,750,000
baseline
YTD 2022
176
-19.3%
$9,667,847 / $6,543,000
29% / 25%
Date
© Westside Estate Agency
4
90211 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
67.3
$
MILLION
37.3
-45%
NUMBER OF SALES • Q2
3.05
MILLION
MILLION
Q2 2022
Q2 2021
$
3.11
$
MILLION Q2 2022
Q2 2021
+2%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
MEDIAN PRICE
3.5
25
3.0
20
2.5
15
2.0
10
1.5 1.0
5
0.5 0.0
0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
12
-45.5%
$3,111,708 / $2,946,500
2% / 11%
Q2 2021
22
450%
$3,059,318 / $2,661,500
24% / 12%
Q2 2020
4
-60%
$2,463,375 / $2,376,250
-11% / -8%
Q2 2019
10
baseline
$2,782,200 / $2,596,750
baseline
YTD 2022
23
-25.8%
$3,199,087 / $3,000,000
5% / 14%
Date
© Westside Estate Agency
5
90212 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
36.3
$
MILLION
32.3
-11%
NUMBER OF SALES • Q2
4.6
3.3
$
MILLION
MILLION
Q2 2022
Q2 2021
$
MILLION Q2 2022
Q2 2021
+40%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
12 10
5
8
4
MEDIAN PRICE
3
6
2 2
1 0
0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
7
-36.4%
$4,615,214 / $4,306,500
40% / 37%
Q2 2021
11
175%
$3,306,955 / $3,144,500
11% / 6%
Q2 2020
4
-20%
$2,974,750 / $2,956,500
10% / 12%
Q2 2019
5
baseline
$2,694,200 / $2,650,000
baseline
YTD 2022
12
-25%
$4,306,417 / $4,125,000
41% / 31%
Date
© Westside Estate Agency
6
90069 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
235
$
MILLION
159
-32%
NUMBER OF SALES • Q2
4.18
4.4
$
MILLION
MILLION
Q2 2022
Q2 2021
$
MILLION Q2 2022
Q2 2021
-6%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
75
MEDIAN PRICE
8
60
6
45 4
30 15
2
0
0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
38
-28.3%
$4,187,706 / $3,575,000
-6% / 18%
Q2 2021
53
253.3%
$4,445,245 / $3,039,500
-25% / -32%
Q2 2020
15
-57.1%
$5,928,900 / $4,500,000
54% / 55%
Q2 2019
35
baseline
$3,851,486 / $2,900,000
baseline
YTD 2022
88
-14.6%
$4,215,532 / $3,577,500
-11% / 12%
Date
© Westside Estate Agency
7
90077 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
319
$
MILLION
185
-42%
NUMBER OF SALES • Q2
6.03
MILLION
MILLION
Q2 2022
Q2 2021
$
7.13
$
MILLION Q2 2022
Q2 2021
+18%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
60
MEDIAN PRICE
8 7 6 5 4 3 2 1 0
50 40 30 20 10 0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
26
-50.9%
$7,130,846 / $4,997,500
18% / 65%
Q2 2021
53
103.8%
$6,037,274 / $3,025,000
-22% / 30%
Q2 2020
26
-42.2%
$7,697,827 / $2,331,500
92% / 6%
Q2 2019
45
baseline
$4,014,500 / $2,200,000
baseline
YTD 2022
65
-29.3%
$7,473,762 / $4,220,000
36% / 62%
Date
© Westside Estate Agency
8
90046 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
240
$
MILLION
208
$
MILLION
MILLION
Q2 2022
Q2 2021
-13%
NUMBER OF SALES • Q2
2.26
2.7
$
MILLION Q2 2022
Q2 2021
+20%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
MEDIAN PRICE
3.0
120
2.5
100
2.0
80
1.5
60
1.0
40 20
0.5
0
0.0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
77
-27.4%
$2,710,545 / $2,400,000
20% / 16%
Q2 2021
106
140.9%
$2,267,071 / $2,068,500
2% / 23%
Q2 2020
44
-47.6%
$2,227,659 / $1,675,000
13% / -7%
Q2 2019
84
baseline
$1,978,476 / $1,797,500
baseline
YTD 2022
161
-23.3%
$2,587,016 / $2,325,000
16% / 20%
Date
© Westside Estate Agency
9
90265 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
694
$
MILLION
477
-31%
NUMBER OF SALES • Q2
6.74
100
10
80
8
60
6
40
4
20
2
0
0
2021
-9%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
2020
MILLION Q2 2022
Q2 2021
120
2019
6.11
$
MILLION
MILLION
Q2 2022
Q2 2021
$
2022
2019
MEDIAN PRICE
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
78
-24.3%
$6,116,060 / $4,512,500
-9% / -7%
Q2 2021
103
157.5%
$6,740,806 / $4,850,000
27% / 87%
Q2 2020
40
-14.9%
$5,307,563 / $2,592,000
12% / -6%
Q2 2019
47
baseline
$4,747,223 / $2,750,000
baseline
YTD 2022
157
-16.5%
$6,649,505 / $4,450,000
-3% / -2%
Date
© Westside Estate Agency
10
90272 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
550
$
MILLION
495
6.69
MILLION Q2 2022
Q2 2021
-10%
NUMBER OF SALES • Q2
4.59
$
MILLION
MILLION
Q2 2022
Q2 2021
$
+46%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
MEDIAN PRICE
7 120
6
100
5
80
4
60
3
40
2
20
1 0
0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
74
-38.3%
$6,697,611 / $5,217,750
46% / 32%
Q2 2021
120
155.3%
$4,591,329 / $3,955,750
14% / 20%
Q2 2020
47
-6%
$4,044,330 / $3,300,000
23% / 21%
Q2 2019
50
baseline
$3,288,384 / $2,731,000
baseline
YTD 2022
152
-33.3%
$5,951,750 / $4,525,000
27% / 18%
Date
© Westside Estate Agency
11
90024 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
158
$
MILLION
106
-33%
NUMBER OF SALES • Q2
4.93
MILLION
MILLION
Q2 2022
Q2 2021
$
3.79
$
MILLION Q2 2022
Q2 2021
-23%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
MEDIAN PRICE
5
35
4
30 25
3
20 15
2
10
1
5
0
0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
28
-12.5%
$3,797,875 / $3,477,500
-23% / 5%
Q2 2021
32
220%
$4,938,906 / $3,319,000
62% / 24%
Q2 2020
10
-56.5%
$3,055,650 / $2,683,250
14% / 17%
Q2 2019
23
baseline
$2,680,413 / $2,300,000
baseline
YTD 2022
54
0%
$3,818,009 / $3,614,250
-13% / 22%
Date
© Westside Estate Agency
12
90049 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
707
$
MILLION
633
MILLION Q2 2022
Q2 2021
-10%
NUMBER OF SALES • Q2
6.15
5.7
$
MILLION
MILLION
Q2 2022
Q2 2021
$
8%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
140
MEDIAN PRICE
7
120
6
100
5
80
4
60
3
40
2 1
20
0
0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
103
-16.9%
$6,154,749 / $3,976,500
8% / -13%
Q2 2021
124
148%
$5,702,101 / $4,545,250
8% / 35%
Q2 2020
50
-43.2%
$5,268,700 / $3,375,000
-5% / 1%
Q2 2019
88
baseline
$5,517,608 / $3,357,500
baseline
YTD 2022
178
-20.5%
$6,016,054 / $3,850,000
17% / -3%
Date
© Westside Estate Agency
13
90025 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
60.5
$
MILLION
66.3 10%
NUMBER OF SALES • Q2
2.24
MILLION
MILLION
Q2 2022
Q2 2021
$
2.55
$
MILLION Q2 2022
Q2 2021
14%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
30
MEDIAN PRICE
3.0
25
2.5
20
2.0
15
1.5 10
1.0
5
0.5
0
0.0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
26
-3.7%
$2,551,885 / $1,925,000
14% / -4%
Q2 2021
27
350%
$2,242,981 / $2,000,000
33% / 33%
Q2 2020
6
-72.7%
$1,680,667 / $1,507,000
-26% / -31%
Q2 2019
22
baseline
$2,275,523 / $2,195,000
baseline
YTD 2022
36
-12.2%
$2,476,861 / $1,953,250
7% / -6%
Date
© Westside Estate Agency
14
90402 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
333
$
MILLION
215
6.15
MILLION Q2 2022
Q2 2021
-36%
NUMBER OF SALES • Q2
5.96
$
MILLION
MILLION
Q2 2022
Q2 2021
$
+3%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
60
MEDIAN PRICE
7
50
6 5 4 3
40 30 20
2
10
1
0
0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
35
-37.5%
$6,152,929 / $5,500,000
3% / 28%
Q2 2021
56
194.7%
$5,964,063 / $4,287,000
18% / 2%
Q2 2020
19
-13.6%
$5,065,447 / $4,206,500
-14% / -21%
Q2 2019
22
baseline
$5,889,182 / $5,300,000
baseline
YTD 2022
72
-19.1%
$6,071,750 / $5,970,000
9% / 38%
Date
© Westside Estate Agency
15
90005 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
19.6
$
MILLION
28.7
46%
NUMBER OF SALES • Q2
2.18
MILLION
MILLION
Q2 2022
Q2 2021
$
3.18
$
MILLION Q2 2022
Q2 2021
65%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
MEDIAN PRICE
18 15
4
12
3
9
2
6
1
3 0
0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
8
-11.1%
$3,594,750 / $3,187,500
65% / 63%
Q2 2021
9
50%
$2,182,111 / $1,950,000
82% / 34%
Q2 2020
6
-33.3%
$1,196,167 / $1,452,500
-40% / -3%
Q2 2019
9
baseline
$1,993,611 / $1,500,000
baseline
YTD 2022
13
-48%
$3,404,538 / $3,025,000
32% / 63%
Date
© Westside Estate Agency
16
90027 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
152
$
MILLION
122
-20%
NUMBER OF SALES • Q2
2.58
MILLION
MILLION
Q2 2022
Q2 2021
$
3.14
$
MILLION Q2 2022
Q2 2021
22%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
MEDIAN PRICE
60
4 40
3 2
20
1 0
0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
39
-33.9%
$3,141,808 / $3,190,000
22% / 37%
Q2 2021
59
118.5%
$2,582,271 / $2,325,000
13% / 31%
Q2 2020
27
-34.1%
$2,287,870 / $1,775,000
12% / 2%
Q2 2019
41
baseline
$2,049,671 / $1,741,500
baseline
YTD 2022
71
-37.2%
$3,027,390 / $2,725,000
24% / 32%
Date
© Westside Estate Agency
17
90064 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
169
$
MILLION
132
-22%
NUMBER OF SALES • Q2
2.14
MILLION
MILLION
Q2 2022
Q2 2021
$
2.5
$
MILLION Q2 2022
Q2 2021
+17%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
80
MEDIAN PRICE
3.0 2.5
60
2.0 40
1.5 1.0
20
0.5 0
0.0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
53
-32.9%
$2,505,142 / $2,355,000
17% / 26%
Q2 2021
79
139.4%
$2,147,892 / $1,865,000
-9% / -7%
Q2 2020
33
-58.8%
$2,364,106 / $2,005,000
16% / 16%
Q2 2019
80
baseline
$2,030,662 / $1,731,500
baseline
YTD 2022
109
-17.4%
$2,560,725 / $2,200,000
18% / 16%
Date
© Westside Estate Agency
18
90291 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
186
$
MILLION
217
$
MILLION
MILLION
Q2 2022
Q2 2021
+16%
NUMBER OF SALES • Q2
2.59
2.71
$
MILLION Q2 2022
Q2 2021
+5%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
80
MEDIAN PRICE
3.5 3.0
60
2.5 40
2.0 1.5
20
1.0 0.5
0
0.0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
80
11.1%
$2,713,032 / $2,550,000
5% / 16%
Q2 2021
72
132.3%
$2,592,167 / $2,200,000
13% / 13%
Q2 2020
31
-32.6%
$2,298,565 / $1,950,000
1% / 0%
Q2 2019
46
baseline
$2,278,109 / $1,946,250
baseline
YTD 2022
133
0%
$3,005,370 / $2,600,000
26% / 25%
Date
© Westside Estate Agency
19
90292 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
58.9
$
MILLION
47.2
$
MILLION
MILLION
Q2 2022
Q2 2021
-20%
NUMBER OF SALES • Q2
2.68
2.95
$
MILLION Q2 2022
Q2 2021
+10%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
MEDIAN PRICE
3.5 3.0
25 20
2.5 2.0
15
1.5
10
1.0
5
0.5
0
0.0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
16
-27.3%
$2,952,250 / $3,078,250
10% / 21%
Q2 2021
22
340%
$2,681,659 / $2,548,000
26% / 3%
Q2 2020
5
-54.5%
$2,133,400 / $2,475,000
-10% / 6%
Q2 2019
11
baseline
$2,365,182 / $2,333,000
baseline
YTD 2022
25
-32.4%
$2,981,687 / $3,000,000
19% / 21%
Date
© Westside Estate Agency
20
METRO MIAMI OVERVIEW AVG. PRICE PER TRANSACTION
SALES VOLUME
$
5.63
$
BILLION
4.73 -16%
NUMBER OF SALES • Q2
2.78
2.9
$
MILLION
BILLION
Q2 2022
Q2 2021
$
MILLION Q2 2022
Q2 2021
-4%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
MEDIAN PRICE
3.0
2000
2.5
1500
2.0 1.5
1000
1.0
500
0.5 0.0
0
2019
2020
2021
2022
2019
2020
2021
2022
Date
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q2 2022
1,706
-12%
$2,780,213 / $1,680,000
-4% / -7%
Q2 2021
1,937
468%
$2,906,717 / $1,800,000
14% / 16%
Q2 2020
341
-39%
$2,553,252 / $1,555,000
1% / -1%
Q2 2019
563
baseline
$2,517,728 / $1,565,000
baseline
3,254
1%
$2,820,172 / $1,727,500
-4% / -4%
YTD 2022
© Westside Estate Agency
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YEAR TO DATE SALES 2020
2019 Zip Code
Sales
Average Price
Sales
Δ vs ‘19
Average Price
Δ vs ‘19
90210
124
$7,029,852
116
-6.5%
$8,679,888
23%
90211
16
$2,723,844
19
18.8%
$2,588,053
-5%
90212
10
$2,531,300
10
0%
$3,132,850
24%
90069
67
$4,114,810
53
-20.9%
$6,429,670
56%
90077
67
$4,488,449
45
-32.8%
$7,655,422
71%
90046
135
$2,133,037
108
-20%
$2,119,815
-1%
90265
78
$4,531,628
91
16.7%
$4,473,505
-1%
90272
95
$3,817,344
97
2.1%
$4,455,861
17%
90024
35
$2,755,729
30
-14.3%
$3,381,217
23%
90049
148
$5,099,802
106
-28.4%
$4,978,133
-2%
90025
32
$1,992,375
11
-65.6%
$1,628,455
-18%
90402
36
$5,234,278
35
-2.8%
$4,821,786
-8%
90005
16
$1,736,938
13
-18.8%
$1,321,769
-24%
90027
69
$1,929,319
66
-4.3%
$2,090,070
8%
90064
130
$2,064,415
83
-36.2%
$2,272,861
10%
90291
80
$2,436,081
73
-8.8%
$2,322,079
-5%
90292
13
$2,367,462
14
7.7%
$2,588,877
9%
Miami
949
$2,436,383
792
-17%
$2,382,052
-2%
PROPERTIES OF $1M OR MORE 2021
2022
Sales
Δ vs ‘20
Average Price
Δ vs ‘20
Sales
Δ vs ‘21
Average Price
Δ vs ‘21
218
87.9%
$7,507,955
-14%
176
-19.3%
$9,667,847
29%
31
63.2%
$3,051,694
18%
23
-25.8%
$3,199,087
5%
16
60%
$3,049,781
-3%
12
-25%
$4,306,417
41%
103
94.3%
$4,725,010
-27%
88
-14.6%
$4,215,532
-11%
92
104.4%
$5,495,418
-28%
65
-29.3%
$7,473,762
36%
210
94.4%
$2,224,409
5%
161
-23.3%
$2,587,016
16%
188
106.6%
$6,875,114
54%
157
-16.5%
$6,649,505
-3%
228
135.1%
$4,683,546
5%
152
-33.3%
$5,951,750
27%
54
80%
$4,411,731
30%
54
0%
$3,818,009
-13%
224
111.3%
$5,127,608
3%
178
-20.5%
$6,016,054
17%
41
272.7%
$2,304,110
41%
36
-12.2%
$2,476,861
7%
89
154.3%
$5,560,124
15%
72
-19.1%
$6,071,750
9%
25
92.3%
$2,583,780
95%
13
-48%
$3,404,538
32%
113
71.2%
$2,440,739
17%
71
-37.2%
$3,027,390
24%
132
59%
$2,166,689
-5%
109
-17.4%
$2,560,725
18%
133
82.2%
$2,392,518
3%
133
0%
$3,005,370
26%
37
164.3%
$2,514,568
-3%
25
-32.4%
$2,981,687
19%
3,216
306%
$2,911,308
22%
3,254
1%
$2,820,172
-3%
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 2018. 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 3900 Cross Creek Rd #5 Malibu, CA 90265
Westside Estate Agency 2980 Macfarlane Road Miami, FL 33133 s
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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