WEA MESSAGE
ZIP CODE 90210 - BEVERLY HILLS
ZIP CODE 90211 - BEVERLY HILLS
ZIP CODE 90212 - BEVERLY HILLS
ZIP CODE 90069 - SUNSET STRIP
ZIP CODE 90077 - BEL AIR
ZIP CODE 90046 - WEST HOLLYWOOD
ZIP CODE 90265 - MALIBU
ZIP CODE 90272 - PACIFIC PALISADES
ZIP CODE 90024 - WESTWOOD
ZIP CODE 90292 - MARINA DEL REY
ZIP CODE 90049 - BRENTWOOD
ZIP CODE 90025 - WEST LA
ZIP CODE 90402 - SANTA MONICA
ZIP CODE 90027 - LOS FELIZ
ZIP CODE 90064 - CHEVIOT HILLS
ZIP CODE 90291 - VENICE
ZIP CODES YEAR TO DATE SALES
A MESSAGE FROM WEA
WAR, MAYOR, GOVERNOR, BILLIONAIRE TAX, FIRE REBUILD, INSURANCE
Need we say more? These are all issues that dovetail into the real estate market. We have rounded the corner into a buyer’s market and it’s critical that sellers understand this. Aspirational pricing is not appropriate right now as the buyers are very aware of current market conditions. Despite a significant number of $20 Million+ sales, a closer look at original asking prices and time on market is often needed to fully appreciate the final closing price. Some houses selling in the $20 Million+ price range started in the high 30’s and 40’s before finally trading after years of languishing on the market. It makes you wonder - if they’d priced it right from the start, would it have sold faster and for more money?
While we’re seeing some promising construction activity in the Palisades and Altadena, the numbers are only in the hundreds - far short of the multiple thousands needed for a meaningful rebuild. Malibu’s coastline is doing far worse with virtually no construction underway. Remember the 2018 Woolsey fires? There are still more than 40% of those burned-out lots that have yet to be built nearly 8-years later. This is a tragedy that will haunt us for years.
The good news is that the market has historically rebounded - and when it does, it often comes back stronger than before. So, if you’re planning on buying a house to live in for 5+ years, I have great confidence (and experience) that the value will exceed what you pay today. Regardless of multiple headwinds, Los Angeles continues to have incredible weather, 300-days of sunshine, the Pacific Ocean, mountains, and beautiful deserts that can’t be replicated elsewhere.
It is very hard to find a house you love, so when you do, hope that you have a good real estate agent/advisor that can make the best deal for you.
Stephen Shapiro Co-Founder, Westside Estate Agency
4.70
8.43
3.42
2.56
6.89
3.16
5.05
4.29
4.24
2.47
3.78
4.15
4.20
2.81
4.24
8.31
2.92
4.24
6.41
3.71
2.25
4.58
4.15
4.91
3.42
5.56
2.52
5.35
2.77
PROPERTIES OF $1M OR MORE
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.
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 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 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 a sense, every WEA client is also a client of Stephen’s and Kurt’s. Which only makes sense, as it’s with these two, that the WEA story began.
Westside Estate Agency
460 North Canon Drive Beverly Hills, CA 90210
310.247.7770
SalesBH@WEAhomes.com
Westside Estate Agency 3900 Cross Creek Rd #5 Malibu, CA 90265
310.456.1171
SalesMalibu@WEAhomes.com
