MICRO MARKET REPORT LOS ANGELES & MIAMI ISSUE #26 7/15/17 FOR Q2 2017 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 THE SALES KEEP ON COMING As we enter the summer season, the results of the year to date sales of high-net-worth homes remain outstanding, and that might be an understatement. As of May 15, 2017, there have been:
• • • • •
202 sales of $5+ million homes compared to 187 by the same time last year 73 sales of $10+ million homes versus 58 by the same time last year 24 sales of $20+ million homes this year versus 8 by the same time last year 11 sales of $30+ million homes this year versus 1 by the same time last year In addition, there are approximately 103 sales currently pending over $5 million
The market under $5m is as strong or stronger than ever before. There are so many multiple offers occurring that it makes our collective heads spin. No one knows how long this will last, but as Los Angeles increasingly becomes a more desirable city to live in and new technology and financial industries continue to relocate here, it looks like the market will remain strong. Also of great interest is where buyers are coming from. Of the sales in excess of $20 million: 17 were purchased by Americans, 4 by Chinese, 1 British, 1 Indonesian, and 1 Scottish. Interestingly, more buyers are either local or from other parts of the United States. This is all good news for our local market, as we are clearly not dependent on buyers coming from outside the United States. 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 2 2017
QTR. AVG.
HHHHHHHHH
7 6
AVG. PRICE PER TRANSACTION
5
$ 4 3
Q2.
2007
2010
2015
2016
2017
7,130,144
QUARTER 2 2007
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHH AVG. PRICE PER TRANSACTION
2017
$
2016 2015 2010 2007
5,979,055
QUARTER 2 2017 vs 2007 +143% SALES
+19% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
QTR. 2 2017
90
17%
$ 7,130,144
6%
QTR. 2 2016
77
-15%
$ 6,699,974
4%
QTR. 2 2015
91
63%
$ 6,417,500
78%
QTR. 2 2010
56
51%
$ 3,606,045
-40%
QTR. 2 2007
37
baseline
$5,979,055
baseline
YTD 2017
146
7%
$ 7,077,315
17%
© Westside Estate Agency
4
90211 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2017
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
Q2.
2007
2010
2015
2016
2017
2,060,769
QUARTER 2 2007
H = 10
NUMBER OF SALES NUMBER OF SALES
H AVG. PRICE PER TRANSACTION
2017 2016 2015 2010 2007
$
1,424,667
QUARTER 2 2017 vs 2007 +117% SALES
+45% PRICE
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2017
13
117%
$ 2,060,769
3%
Q2. 2016
6
-50%
$ 1,991,250
-20%
Q2. 2015
12
100%
$ 2,503,458
58%
Q2. 2010
6
0%
$ 1,584,000
11%
Q2. 2007
6
baseline
$ 1,424,667
baseline
YTD 2017
21
62%
$ 2,371,857
15%
Date
© Westside Estate Agency
5
90069 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2017
QTR. AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
HHHHH 4
AVG. PRICE PER TRANSACTION 3
$
3,110,003
2
Q2.
2007
2010
2015
2016
2017
QUARTER 2 2007
H = 10
NUMBER OF SALES NUMBER OF SALES
HHH AVG. PRICE PER TRANSACTION
2017
$
2016 2015 2010 2007
2,614,038
QUARTER 2 2017 vs 2007 +73% SALES
+19% PRICE
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2017
45
13%
$ 3,110,003
-17%
Q2. 2016
40
3%
$ 3,759,351
-10%
Q2. 2015
39
70%
$ 4,176,359
95%
Q2. 2010
23
-12%
$ 2,144,543
-18%
Q2. 2007
26
baseline
$ 2,614,038
baseline
YTD 2017
81
1%
$ 3,423,736
-22%
Date
© Westside Estate Agency
6
90077 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2017
QTR. AVG.
NUMBER OF SALES
8
PRICE IN MILLIONS
H = 10
HHHHH
7 6
AVG. PRICE PER TRANSACTION
5
$ 4 3
Q2.
2007
2010
2015
2016
2017
5,014,349
QUARTER 2 2007
H = 10
NUMBER OF SALES NUMBER OF SALES
HHH AVG. PRICE PER TRANSACTION
2017 2016 2015 2010 2007
$
5,315,004
QUARTER 2 2017 vs 2007 +72% SALES
-6% PRICE
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2017
43
34%
$ 5,014,349
-13%
Q2. 2016
32
-16%
$ 5,788,813
-22%
Q2. 2015
38
52%
$ 7,410,566
94%
Q2. 2010
25
0%
$ 3,818,220
-28%
Q2. 2007
25
baseline
$ 5,315,004
baseline
YTD 2017
71
27%
$ 5,476,070
0%
Date
© Westside Estate Agency
7
90046 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H = 10
QUARTER 2 2017
QTR. AVG.
HHHHHHHHH 2.0
AVG. PRICE PER TRANSACTION 1.5
$
1.0
Q2.
2007
2010
2015
2016
2017
1,985,864 H = 10
QUARTER 2 2007 NUMBER OF SALES
NUMBER OF SALES
HHHH AVG. PRICE PER TRANSACTION
2017 2016 2015 2010 2007
$
1,647,194
QUARTER 2 2017 vs 2007 +171% SALES
+21% PRICE
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2017
84
24%
$ 1,985,864
12%
Q2. 2016
68
-32%
$ 1,776,949
1%
Q2. 2015
100
150%
$ 1,751,396
49%
Q2. 2010
40
29%
$ 1,173,325
-29%
Q2. 2007
31
baseline
$ 1,647,194
baseline
YTD 2017
149
-1%
$ 2,225,373
26%
Date
© Westside Estate Agency
8
90265 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2017
QTR. AVG.
NUMBER OF SALES
6
PRICE IN MILLIONS
H = 10
HHHHHHH 5
AVG. PRICE PER TRANSACTION 4
$
3
Q2.
2007
2010
2015
2016
2017
5,901,688
QUARTER 2 2007
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHH AVG. PRICE PER TRANSACTION
2017
$
2016 2015 2010 2007
4,633,139
QUARTER 2 2017 vs 2007 +86% SALES
+27% PRICE
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2017
67
8%
$ 5,901,688
42%
Q2. 2016
62
-7%
$ 4,155,306
11%
Q2. 2015
67
81%
$ 3,759,888
-1%
Q2. 2010
37
3%
$ 3,806,703
-18%
Q2. 2007
36
baseline
$4,633,139
baseline
YTD 2017
117
0%
$ 5,217,227
17%
Date
© Westside Estate Agency
9
90272 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
4.0
PRICE IN MILLIONS
H = 10
QUARTER 2 2017
QTR. AVG.
HHHHHHHH 3.5
AVG. PRICE PER TRANSACTION 3.0
$
2.5
Q2.
2007
2010
2015
2016
2017
3,917,127
QUARTER 2 2007
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHH AVG. PRICE PER TRANSACTION
2017
$
2016 2015 2010 2007
3,351,386
QUARTER 2 2017 vs 2007 +80% SALES
+17% PRICE
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2017
79
-1%
$ 3,917,127
12%
Q2. 2016
80
-15%
$ 3,487,341
-2%
Q2. 2015
94
57%
$ 3,564,729
37%
Q2. 2010
60
36%
$ 2,595,533
-23%
Q2. 2007
44
baseline
$3,351,386
baseline
YTD 2017
149
6%
$ 3,856,450
11%
Date
© Westside Estate Agency
10
90024 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2017
QTR. AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
HHH 4 3
AVG. PRICE PER TRANSACTION $
2 1
Q2.
2007
2010
2015
2016
2017
4,391,840
QUARTER 2 2007
H = 10
NUMBER OF SALES NUMBER OF SALES
H AVG. PRICE PER TRANSACTION
2017 2016 2015 2010 2007
$
2,329,900
QUARTER 2 2017 vs 2007 +150% SALES
+88% PRICE
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2017
25
-26%
$ 4,391,840
43%
Q2. 2016
34
100%
$ 3,080,838
14%
Q2. 2015
17
0%
$ 2,691,824
53%
Q2. 2010
17
70%
$ 1,759,147
-24%
Q2. 2007
10
baseline
$2,329,900
baseline
YTD 2017
41
-27%
$ 3,887,915
25%
Date
© Westside Estate Agency
11
90049 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
QUARTER 2 2017
QTR. AVG.
HHHHHHHHH 4 3
AVG. PRICE PER TRANSACTION $
2 1
Q2.
2007
2010
2015
2016
2017
3,660,335
QUARTER 2 2007
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHH 2017 2016 2015 2010 2007
AVG. PRICE PER TRANSACTION $
3,366,348
QUARTER 2 2017 vs 2007 +102% SALES
+9% PRICE
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2017
93
22%
$ 3,660,335
-11%
Q2. 2016
76
-13%
$ 4,127,578
14%
Q2. 2015
87
58%
$ 3,612,733
95%
Q2. 2010
55
20%
$ 1,855,882
-45%
Q2. 2007
46
baseline
$3,366,348
baseline
YTD 2017
159
24%
$ 3,880,507
8%
Date
© Westside Estate Agency
12
90025 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2017
QTR. AVG.
NUMBER OF SALES
2.0
PRICE IN MILLIONS
H = 10
HHH 1.5
AVG. PRICE PER TRANSACTION $
1.0
Q2.
2007
2010
2015
2016
2017
1,790,167
QUARTER 2 2007
H = 10
NUMBER OF SALES NUMBER OF SALES
H AVG. PRICE PER TRANSACTION
2017
$
2016 2015 2010 2007
1,240,375
QUARTER 2 2017 vs 2007 +238% SALES
+44% PRICE
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2017
27
13%
$ 1,790,167
23%
Q2. 2016
24
9%
$ 1,460,688
5%
Q2. 2015
22
83%
$ 1,392,252
32%
Q2. 2010
12
50%
$ 1,052,500
-15%
Q2. 2007
8
baseline
$1,240,375
baseline
YTD 2017
41
2%
$ 1,863,963
29%
Date
© Westside Estate Agency
13
90402 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2017
QTR. AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
HHHH 4
AVG. PRICE PER TRANSACTION 3
$
4,473,944
2
Q2.
2007
2010
2015
2016
2017
QUARTER 2 2007
H = 10
NUMBER OF SALES NUMBER OF SALES
HH AVG. PRICE PER TRANSACTION
2017 2016 2015 2010 2007
$
3,051,225
QUARTER 2 2017 vs 2007 +80% SALES
+47% PRICE
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2017
36
44%
$ 4,473,944
-6%
Q2. 2016
25
0%
$ 4,769,220
23%
Q2. 2015
25
-29%
$ 3,865,600
48%
Q2. 2010
35
75%
$ 2,616,443
-14%
Q2. 2007
20
baseline
$ 3,051,225
baseline
YTD 2017
61
13%
$ 4,117,443
-13%
Date
© Westside Estate Agency
14
90005 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2017
QTR. AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H = 10
HH 2.0
AVG. PRICE PER TRANSACTION 1.5
$
1.0
Q2.
2007
2010
2015
2016
2017
1,797,267
QUARTER 2 2007
H = 10
NUMBER OF SALES NUMBER OF SALES
H 2017 2016 2015 2010 2007
AVG. PRICE PER TRANSACTION $
1,360,000
QUARTER 2 2017 vs 2007 +650% SALES
+32% PRICE
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2017
15
25%
$ 1,797,267
18%
Q2. 2016
12
50%
$ 1,522,667
-33%
Q2. 2015
8
33%
$ 2,283,750
92%
Q2. 2010
6
200%
$ 1,190,000
-13%
Q2. 2007
2
baseline
$ 1,360,000
baseline
YTD 2017
23
10%
$ 2,202,130
32%
Date
© Westside Estate Agency
15
90027 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2017
QTR. AVG.
NUMBER OF SALES
3.0
PRICE IN MILLIONS
H = 10
HHHHHH 2.5 2.0
AVG. PRICE PER TRANSACTION $
1.5 1.0
Q2.
2007
2010
2015
2016
2017
2,646,521
QUARTER 2 2007
H = 10
NUMBER OF SALES NUMBER OF SALES
HHH 2017 2016 2015 2010 2007
AVG. PRICE PER TRANSACTION $
1,490,764
QUARTER 2 2017 vs 2007 +96% SALES
+78% PRICE
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2017
53
10%
$ 2,646,521
78%
Q2. 2016
48
-2%
$ 1,487,250
-3%
Q2. 2015
49
88%
$ 1,531,418
19%
Q2. 2010
26
-4%
$ 1,281,769
-14%
Q2. 2007
27
baseline
$ 1,490,764
baseline
YTD 2017
83
-9%
$ 2,877,044
70%
Date
© Westside Estate Agency
16
90064 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H = 10
QUARTER 2 2017
QTR. AVG.
HHHHHHHH 2.0
AVG. PRICE PER TRANSACTION 1.5
$
1.0
Q2.
2007
2010
2015
2016
2017
2,134,682
QUARTER 2 2007
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHH AVG. PRICE PER TRANSACTION
2017
$
2016 2015 2010 2007
1,254,806
QUARTER 2 2017 vs 2007 +100% SALES
+70% PRICE
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2017
72
29%
$ 2,134,682
15%
Q2. 2016
56
8%
$ 1,859,102
26%
Q2. 2015
52
24%
$ 1,479,354
37%
Q2. 2010
42
17%
$ 1,081,786
-14%
Q2. 2007
36
baseline
$ 1,254,806
baseline
YTD 2017
131
30%
$ 2,154,857
22%
Date
© Westside Estate Agency
17
90291 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
3.5
PRICE IN MILLIONS
H = 10
QUARTER 2 2017
QTR. AVG.
HHHHH
3.0 2.5
AVG. PRICE PER TRANSACTION
2.0
$ 1.5 1.0
Q2.
2007
2010
2015
2016
2017
2,732,920 H = 10
QUARTER 2 2007 NUMBER OF SALES
NUMBER OF SALES
HHHH AVG. PRICE PER TRANSACTION
2017
$
2016 2015 2010 2007
1,274,661
QUARTER 2 2017 vs 2007 +58% SALES
+114% PRICE
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2017
49
-8%
$ 2,732,920
38%
Q2. 2016
53
-7%
$ 1,984,311
-5%
Q2. 2015
57
63%
$ 2,082,912
93%
Q2. 2010
35
13%
$ 1,077,486
-15%
Q2. 2007
31
baseline
$ 1,274,661
baseline
YTD 2017
101
9%
$ 3,421,095
70%
Date
© Westside Estate Agency
18
90292 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2017
QTR. AVG.
NUMBER OF SALES
3.0
PRICE IN MILLIONS
H = 10
HH 2.5 2.0
AVG. PRICE PER TRANSACTION $
1.5 1.0
Q2.
2007
2010
2015
2016
2017
2,668,545
QUARTER 2 2007
H = 10
NUMBER OF SALES NUMBER OF SALES
H AVG. PRICE PER TRANSACTION
2017 2016 2015 2010 2007
$
1,450,875
QUARTER 2 2017 vs 2007 +175% SALES
+84% PRICE
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2017
11
22%
$ 2,668,545
6%
Q2. 2016
9
125%
$ 2,518,778
40%
Q2. 2015
4
-33%
$ 1,797,500
6%
Q2. 2010
6
50%
$ 1,689,333
16%
Q2. 2007
4
baseline
$ 1,450,875
baseline
YTD 2017
21
11%
$ 2,660,048
23%
Date
© Westside Estate Agency
19
90293 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2017
QTR. AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H = 10
HH 2.0
AVG. PRICE PER TRANSACTION 1.5
$
1.0
Q2.
2007
2010
2015
2016
2017
1,897,868
QUARTER 2 2007
H = 10
NUMBER OF SALES NUMBER OF SALES
H 2017 2016 2015 2010 2007
AVG. PRICE PER TRANSACTION $
1,818,500
QUARTER 2 2017 vs 2007 +533% SALES
+4% PRICE
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2017
19
46%
$ 1,897,868
23%
Q2. 2016
13
86%
$ 1,546,692
-28%
Q2. 2015
7
-42%
$ 2,162,571
90%
Q2. 2010
12
300%
$ 1,140,417
-37%
Q2. 2007
3
baseline
$ 1,818,500
baseline
YTD 2017
32
33%
$ 1,825,578
18%
Date
© Westside Estate Agency
20
MIAMI MARKET VIEW
METRO MIAMI OVERVIEW AVG. PRICE PER TRANSACTION YTD AVG.
QTR. AVG.
H = 50
QUARTER 2 2015
2.5
PRICE IN MILLIONS
AVG. NUMBER OF SALES
HHHHHHHHHH AVG. PRICE PER TRANSACTION $
H =50
QUARTER 2 2007
2.0
Q2.
2,261,877
2007
2010
2015
2016
2017
AVG. NUMBER OF SALES
HHHHHHHH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION 2017 2016
$
2,096,321
2015 2010 2007
QUARTER 2 2017 vs 2007 +25% SALES
+8% PRICE
Date
Avg Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
QTR. 2 2017
479
-20%
$2,261,877
-5%
QTR. 2 2016
480
-19%
$2,478,523
4%
QTR. 2 2015
596
-6%
$2,378,229
1%
QTR. 2 2010
274
-28%
$2,264,632
8%
QTR. 2 2007
382
baseline
$2,096,321
baseline
YTD 2017
863
-6%
$2,386,944
0%
© Westside Estate Agency
21
YEAR TO DATE SALES 2007
2010
2015
Zip Code
Sales
Average Price
Sales
Δ vs ‘07
Average Price
Δ vs ‘07
Sales
Δ vs ‘10
Average Price
Δ vs ‘10
90210
67
$ 5,418,060
94
40%
$ 3,903,489
-28%
157
67%
$ 6,394,911
64%
90211
11
$ 1,590,091
10
-9%
$ 1,478,400
-7%
18
80%
$ 2,392,611
62%
90069
40
$ 2,360,875
37
-8%
$ 2,064,432
-13%
80
116%
$ 3,885,963
88%
90077
35
$ 4,264,631
39
11%
$ 3,368,577
-21%
70
79%
$ 7,207,793
114%
90046
58
$ 1,551,552
74
28%
$ 1,095,264
-29%
160
116%
$ 1,879,282
72%
90265
69
$ 5,385,681
55
-20%
$ 3,699,773
-31%
126
129%
$ 4,828,591
31%
90272
77
$ 3,045,162
111
44%
$ 2,590,176
-15%
149
34%
$ 3,623,642
40%
90024
21
$ 2,914,810
27
29%
$ 2,117,907
-27%
30
11%
$ 2,753,850
30%
90049
73
$ 3,217,644
104
42%
$ 2,138,966
-34%
136
31%
$ 3,720,425
74%
90025
15
$ 1,092,400
19
27%
$ 1,051,368
-4%
37
95%
$ 1,344,258
28%
90402
30
$ 3,231,400
50
67%
$ 2,439,330
-25%
41
-18%
$ 4,027,585
65%
90005
4
$ 2,212,500
15
275%
$ 1,240,533
-44%
23
53%
$ 2,244,609
81%
90027
42
$ 1,411,682
45
7%
$ 1,127,444
-20%
82
82%
$ 1,573,152
40%
90064
61
$ 1,173,516
61
0%
$ 1,096,746
-7%
86
41%
$ 1,444,807
32%
90291
50
$ 1,307,590
58
16%
$ 1,064,716
-19%
92
59%
$ 2,017,989
90%
90292
9
$ 1,878,500
12
33%
$ 1,570,417
-16%
17
42%
$ 2,261,176
44%
90293
7
$ 1,585,071
16
129%
$ 1,201,688
-24%
22
38%
$ 1,842,432
53%
Miami
700
$2,019,342
480
-31%
$2,166,257
7%
1128
135%
$2,310,259
7%
PROPERTIES OF $1M OR MORE 2016
Δ 2007 VS 2017
2017
Sales
Δ vs ‘15
Average Price
Δ vs ‘15
Sales
Δ vs ‘16
Average Price
Δ vs ‘16
Sales
Average Price
136
-13%
$ 6,026,121
-6%
146
7%
$ 7,077,315
17%
118%
31%
13
-28%
$ 2,065,577
-14%
21
62%
$ 2,371,857
15%
91%
49%
80
0%
$ 4,393,219
13%
81
1%
$ 3,423,736
-22%
103%
45%
56
-20%
$ 5,490,982
-24%
71
27%
$ 5,476,070
0%
103%
28%
151
-6%
$ 1,765,087
-6%
149
-1%
$ 2,225,373
26%
157%
43%
117
-7%
$ 4,465,403
-8%
117
0%
$ 5,217,227
17%
70%
-3%
140
-6%
$ 3,462,967
-4%
149
6%
$ 3,856,450
11%
94%
27%
56
87%
$ 3,107,776
13%
41
-27%
$ 3,887,915
25%
95%
33%
128
-6%
$ 3,605,066
-3%
159
24%
$ 3,880,507
8%
118%
21%
40
8%
$ 1,449,763
8%
41
2%
$ 1,863,963
29%
173%
71%
54
32%
$ 4,729,870
17%
61
13%
$ 4,117,443
-13%
103%
27%
21
-9%
$ 1,664,080
-26%
23
10%
$ 2,202,130
32%
475%
0%
91
11%
$ 1,692,720
8%
83
-9%
$ 2,877,044
70%
98%
104%
101
17%
$ 1,761,326
22%
131
30%
$ 2,154,857
22%
115%
84%
93
1%
$ 2,007,969
-0%
101
9%
$ 3,421,095
70%
102%
162%
19
12%
$ 2,166,342
-4%
21
11%
$ 2,660,048
23%
133%
42%
24
9%
$ 1,541,771
-16%
32
33%
$ 1,825,578
18%
357%
15%
915
17%
$2,397,218
0%
863
-6%
$2,386,944
0%
23%
18% 23
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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