MICRO MARKET REPORT LOS ANGELES & MIAMI ISSUE #43 5/16/22 FOR Q1 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 FIRST QUARTER OF 2022 IS IN THE BOOKS! The results of the first quarter confirm that the market remains robust. Sales of high-priced homes have exceeded those that occurred during the same period in 2021. In fact, closed transactions above $20M are up OVER 100%. Most buyers continue to be American, so our market is dominated by either those moving to Los Angeles from other cities or states or those moving up in price. The more modestly priced homes in the $1-3M range are smoking hot, with many receiving offers from dozens of buyers or more. These houses are trading much higher than the asking prices and closing quickly. This portends well for the continuation of demand given that for each house sold there are countless buyers who didn’t prevail but are still in the market to buy. Additionally, they are likely to increase their future offers so as not to lose another bidding war. Thus far, the increase in interest rates has had no effect on sales. Conversely, there are many ultra-high-priced homes that remain on the market for extended periods because the asking prices are too aspirational and fail to attract buyers. We have seen some of these go to auction and fetch a fraction of their asking price. Based on the current results, we believe the market will continue to be strong in the near term.
Stephen Shapiro Co-Founder, Westside Estate Agency
3
90210 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
613
$
MILLION
1.12
+83%
NUMBER OF SALES • Q1
6.45
MILLION
BILLION
Q1 2022
Q1 2021
$
11.2
$
MILLION Q1 2022
Q1 2021
+74%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
MEDIAN PRICE
12
150
10
120
8
90
6
60
4
30
2
0
0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q1 2022
100
5.3%
$11,223,940 / $7,840,000
74% / 51%
Q1 2021
95
20.3%
$6,458,939 / $5,198,500
6% / 9%
Q1 2020
79
54.9%
$6,114,329 / $4,750,000
-17% / -19%
Q1 2019
51
baseline
$7,394,701 / $5,900,000
baseline
100
5.3%
$11,223,940 / $7,840,000
74% / 51%
Date
YTD 2022
© Westside Estate Agency
4
90211 90210 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
27.2
$
MILLION
36.2 +33%
NUMBER OF SALES • Q1
3.03
MILLION
MILLION
Q1 2022
Q1 2021
$
3.29
$
MILLION Q1 2022
Q1 2021
+9%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
MEDIAN PRICE
3.5
15
3.0
12
2.5
9
2.0
6
1.5 1.0
3
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
Q1 2022
11
22.2%
$3,294,409 / $3,240,000
9% / 23%
Q1 2021
9
-40%
$3,033,056 / $2,626,000
16% / 3%
Q1 2020
15
150%
$2,621,300 / $2,538,500
0% / 5%
Q1 2019
6
baseline
$2,626,583 / $2,427,000
baseline
YTD 2022
11
22.2%
$3,294,409 / $3,240,000
9% / 23%
Date
© Westside Estate Agency
5
90212 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
12.4
$
MILLION
19.3
+56%
NUMBER OF SALES • Q1
2.48
MILLION
MILLION
Q1 2022
Q1 2021
$
3.87
$
MILLION Q1 2022
Q1 2021
+56%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
MEDIAN PRICE
4.5 4.0
10
3.5
8
3.0 2.5
6
2.0 1.5
2
1.0 0.0
0
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q1 2022
5
0%
$3,874,100 / $3,295,000
56% / 23%
Q1 2021
5
-16.7%
$2,484,000 / $2,670,000
-27% / -23%
Q1 2020
6
20%
$3,403,250 / $3,455,000
44% / 22%
Q1 2019
5
baseline
$2,368,400 / $2,830,000
baseline
YTD 2022
5
0%
$3,874,100 / $3,295,000
56% / 23%
Date
© Westside Estate Agency
6
90069 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
251
$
MILLION
211
-16%
NUMBER OF SALES • Q1
5.02
MILLION
MILLION
Q1 2022
Q1 2021
$
4.23
$
MILLION Q1 2022
Q1 2021
-16%
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
Q1 2022
50
0%
$4,236,680 / $3,594,000
-16% / 3%
Q1 2021
50
31.6%
$5,021,560 / $3,500,000
-24% / 9%
Q1 2020
38
18.8%
$6,627,342 / $3,212,500
51% / 17%
Q1 2019
32
baseline
$4,402,821 / $2,737,500
baseline
YTD 2022
50
0%
$4,236,680 / $3,594,000
-16% / 3%
Date
© Westside Estate Agency
7
90077 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
185
$
MILLION
300
+62%
NUMBER OF SALES • Q1
4.75
MILLION
MILLION
Q1 2022
Q1 2021
$
7.7
$
MILLION Q1 2022
Q1 2021
+62%
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
Q1 2022
39
0%
$7,702,372 / $4,050,000
62% / 75%
Q1 2021
39
105.3%
$4,759,051 / $2,315,000
-37% / 8%
Q1 2020
19
-13.6%
$7,597,395 / $2,150,000
39% / 23%
Q1 2019
22
baseline
$5,457,890 / $1,750,000
baseline
YTD 2022
39
0%
$7,702,372 / $4,050,000
62% / 75%
Date
© Westside Estate Agency
8
90046 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
226
$
MILLION
207
$
MILLION
MILLION
Q1 2022
Q1 2021
-8%
NUMBER OF SALES • Q1
2.18
2.47
$
MILLION Q1 2022
Q1 2021
+13%
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
2021
2020
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q1 2022
84
-19.2%
$2,473,780 / $2,208,000
13% / 20%
Q1 2021
104
62.5%
$2,180,928 / $1,846,750
7% / -1%
Q1 2020
64
25.5%
$2,045,672 / $1,860,000
-14% / 8%
Q1 2019
51
baseline
$2,387,608 / $1,720,000
baseline
YTD 2022
84
-19.2%
$2,473,780 / $2,208,000
13% / 20%
Date
© Westside Estate Agency
9
90265 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
598
$
MILLION
566
-5%
NUMBER OF SALES • Q1
7.03
+2%
AVG/MEDIAN PRICES • 12 MONTH ROLLING
100
10
80
8
60
6
40
4
20
2
0
0
2020
MILLION Q1 2022
Q1 2021
AVG PRICE
2019
7.17
$
MILLION
MILLION
Q1 2022
Q1 2021
$
2021
2022
2019
MEDIAN PRICE
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q1 2022
79
-7.1%
$7,176,198 / $4,100,000
2% / -1%
Q1 2021
85
66.7%
$7,037,863 / $4,150,000
84% / 66%
Q1 2020
51
64.5%
$3,819,343 / $2,500,000
-9% / -25%
Q1 2019
31
baseline
$4,204,758 / $3,325,000
baseline
YTD 2022
79
-7.1%
$7,176,198 / $4,100,000
2% / -1%
Date
© Westside Estate Agency
10
90272 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
516
$
MILLION
409
5.24
MILLION Q1 2022
Q1 2021
-21%
NUMBER OF SALES • Q1
4.78
$
MILLION
MILLION
Q1 2022
Q1 2021
$
+10%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
MEDIAN PRICE
6
120
5
100
4
80
3
60
2
40
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
Q1 2022
78
-27.8%
$5,244,138 / $4,190,000
10% / 13%
Q1 2021
108
116%
$4,786,009 / $3,699,500
-1% / 2%
Q1 2020
50
11.1%
$4,842,701 / $3,617,750
10% / -12%
Q1 2019
45
baseline
$4,405,078 / $4,116,500
baseline
YTD 2022
78
-27.8%
$5,244,138 / $4,190,000
10% / 13%
Date
© Westside Estate Agency
11
90024 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
80.1
$
MILLION
99.8 +24%
NUMBER OF SALES • Q1
3.64
MILLION
MILLION
Q1 2022
Q1 2021
$
3.83
$
MILLION Q1 2022
Q1 2021
5%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
MEDIAN PRICE
4
35 30
3
25 20
2
15 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
Q1 2022
26
18.2%
$3,839,692 / $3,689,000
5% / 28%
Q1 2021
22
10%
$3,644,932 / $2,887,500
3% / -3%
Q1 2020
20
66.7%
$3,544,000 / $2,971,500
22% / -2%
Q1 2019
12
baseline
$2,900,083 / $3,019,000
baseline
YTD 2022
26
18.2%
$3,839,692 / $3,689,000
5% / 28%
Date
© Westside Estate Agency
12
90049 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
441
$
MILLION
436
5.82
MILLION Q1 2022
Q1 2021
-1%
NUMBER OF SALES • Q1
4.41
$
MILLION
MILLION
Q1 2022
Q1 2021
$
+32%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
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
Q1 2022
75
-25%
$5,825,579 / $3,750,000
32% / 7%
Q1 2021
100
78.6%
$4,415,237 / $3,492,500
-6% / -2%
Q1 2020
56
-6.7%
$4,719,834 / $3,575,000
5% / 14%
Q1 2019
60
baseline
$4,487,020 / $3,128,000
baseline
YTD 2022
75
-25%
$5,825,579 / $3,750,000
32% / 7%
Date
© Westside Estate Agency
13
90025 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
33.9
$
MILLION
22.8
-33%
NUMBER OF SALES • Q1
2.42
MILLION
MILLION
Q1 2022
Q1 2021
$
2.28
$
MILLION Q1 2022
Q1 2021
-6%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
MEDIAN PRICE
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
Q1 2022
10
-28.6%
$2,281,800 / $2,150,000
-6% / -8%
Q1 2021
14
180%
$2,422,000 / $2,340,250
55% / 46%
Q1 2020
5
-50%
$1,565,800 / $1,600,000
14% / 18%
Q1 2019
10
baseline
$1,369,450 / $1,359,500
baseline
YTD 2022
10
-28.6%
$2,281,800 / $2,150,000
-6% / -8%
Date
© Westside Estate Agency
14
90402 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
160
$
MILLION
221
5.99
MILLION Q1 2022
Q1 2021
+38%
NUMBER OF SALES • Q1
4.87
$
MILLION
MILLION
Q1 2022
Q1 2021
$
+23%
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
Q1 2022
37
12.1%
$5,994,959 / $6,010,000
23% / 37%
Q1 2021
33
106.3%
$4,874,652 / $4,375,000
8% / 1%
Q1 2020
16
14.3%
$4,532,438 / $4,326,000
8% / 4%
Q1 2019
14
baseline
$4,205,143 / $4,153,500
baseline
YTD 2022
37
12.2%
$5,994,959 / $6,010,000
23% / 37%
Date
© Westside Estate Agency
15
90005 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
44.9
$
MILLION
15.5
-66%
NUMBER OF SALES • Q1
3.1
2.8
$
MILLION
MILLION
Q1 2022
Q1 2021
$
MILLION Q1 2022
Q1 2021
10%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
MEDIAN PRICE
3.5
18
3.0
15
2.5
12
2.0
9
1.5
6
1.0
3
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
Q1 2022
5
-68.8%
$3,100,200 / $2,421,000
10% / 30%
Q1 2021
16
128.6%
$2,809,719 / $1,859,000
97% / 31%
Q1 2020
7
0%
$1,429,429 / $1,420,000
2% / -15%
Q1 2019
7
baseline
$1,406,929 / $1,662,500
baseline
YTD 2022
5
-68.8%
$3,100,200 / $2,421,000
10% / 30%
Date
© Westside Estate Agency
16
90027 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
123
$
MILLION
92.4 -25%
NUMBER OF SALES • Q1
2.28
MILLION
MILLION
Q1 2022
Q1 2021
$
2.88
$
MILLION Q1 2022
Q1 2021
26%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
MEDIAN PRICE
3.0
60
2.5 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
Q1 2022
32
-40.7%
$2,887,943 / $2,350,500
26% / 23%
Q1 2021
54
38.5%
$2,286,102 / $1,907,500
17% / 5%
Q1 2020
39
39.3%
$1,953,131 / $1,825,000
11% / 19%
Q1 2019
28
baseline
$1,753,089 / $1,530,000
baseline
YTD 2022
32
-40.7%
$2,887,943 / $2,350,500
26% / 23%
Date
© Westside Estate Agency
17
90064 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
116
$
MILLION
146
26%
NUMBER OF SALES • Q1
2.19
MILLION
MILLION
Q1 2022
Q1 2021
$
+19%
AVG/MEDIAN PRICES • 12 MONTH ROLLING
60
3.0
50
2.5
40
2.0
30
1.5
20
1.0
10
0.5
0
0.0
2020
MILLION Q1 2022
Q1 2021
AVG PRICE
2019
2.61
$
2021
2022
2019
MEDIAN PRICE
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q1 2022
56
5.7%
$2,613,330 / $2,133,000
19% / 8%
Q1 2021
53
6%
$2,194,708 / $1,980,000
-1% / -1%
Q1 2020
50
0%
$2,212,640 / $2,002,500
4% / 24%
Q1 2019
50
baseline
$2,118,420 / $1,610,000
baseline
YTD 2022
56
5.7%
$2,613,330 / $2,133,000
19% / 8%
Date
© Westside Estate Agency
18
90291 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
131
$
MILLION
182
$
MILLION
MILLION
Q1 2022
Q1 2021
+39%
NUMBER OF SALES • Q1
2.15
3.4
$
MILLION Q1 2022
Q1 2021
+60%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
70
MEDIAN PRICE
3.5
60
3.0
50
2.5
40
2.0
30
1.5
20
1.0
10
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
Q1 2022
53
-13.1%
$3,446,636 / $2,725,000
60% / 43%
Q1 2021
61
45.2%
$2,156,867 / $1,901,000
-8% / -21%
Q1 2020
42
23.5%
$2,339,435 / $2,400,000
-12% / 19%
Q1 2019
34
baseline
$2,649,809 / $2,008,750
baseline
YTD 2022
53
-13.1%
$3,446,636 / $2,725,000
60% / 43%
Date
© Westside Estate Agency
19
90292 AVG. PRICE PER TRANSACTION
SALES VOLUME
$
34
$
MILLION
27.3
$
MILLION
MILLION
Q1 2022
Q1 2021
-20%
NUMBER OF SALES • Q1
2.26
3.03
$
MILLION Q1 2022
Q1 2021
+34%
AVG/MEDIAN PRICES • 12 MONTH ROLLING AVG PRICE
15
3.5 3.0
10
2.0
5
1.0
0
0.0
MEDIAN PRICE
2.5 1.5 0.5
2019
2020
2021
2022
2019
2020
2021
2022
Sales
Δ vs Previous Year
Avg. Price / Median Price
Δ vs Previous Year
Q1 2022
9
-40%
$3,034,020 / $3,000,000
34% / 30%
Q1 2021
15
66.7%
$2,269,500 / $2,300,000
-20% / -8%
Q1 2020
9
350%
$2,841,919 / $2,500,000
19% / 5%
Q1 2019
2
baseline
$2,380,000 / $2,380,000
baseline
YTD 2022
9
-40%
$3,034,020 / $3,000,000
34% / 30%
Date
© Westside Estate Agency
20
METRO MIAMI OVERVIEW AVG. PRICE PER TRANSACTION
SALES VOLUME
$
3.73
$
BILLION
4.42 +18%
NUMBER OF SALES • Q1
2.92
MILLION
BILLION
Q1 2022
Q1 2021
$
2.87
$
MILLION Q1 2022
Q1 2021
-2%
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
Q1 2022
1,542
21%
$2,866,946 / $1,805,000
-2% / 0%
Q1 2021
1,279
184%
$2,918,260 / $1,800,000
17% / 11%
Q1 2020
451
17%
$2,500,742 / $1,625,000
-7% / -7%
Q1 2019
386
baseline
$2,702,027 / $1,742,500
baseline
YTD 2022
1,542
21%
$2,866,946 / $1,805,000
-2% / 0%
© 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
51
$7,394,701
79
54.9%
$6,114,329
-17%
90211
6
$2,626,583
15
150%
$2,621,300
0%
90212
5
$2,368,400
6
20%
$3,403,250
44%
90069
32
$4,402,821
38
18.8%
$6,627,342
51%
90077
22
$5,457,890
19
-13.6%
$7,597,395
39%
90046
51
$2,387,608
64
25.5%
$2,045,672
-14%
90265
31
$4,204,758
51
64.5%
$3,819,343
-9%
90272
45
$4,405,078
50
11.1%
$4,842,701
10%
90024
12
$2,900,083
20
66.7%
$3,544,000
22%
90049
60
$4,487,020
56
-6.7%
$4,719,843
5%
90025
10
$1,369,450
5
-50%
$1,565,800
14%
90402
14
$4,205,143
16
14.3%
$4,532,438
8%
90005
7
$1,406,929
7
0%
$1,429,429
2%
90027
28
$1,753,089
39
39.3%
$1,953,131
11%
90064
50
$2,118,420
50
0%
$2,212,640
4%
90291
34
$2,649,809
42
23.5%
$2,339,435
-12%
90292
2
$2,380,000
9
350%
$2,841,919
19%
Miami
386
$2,702,027
451
17%
$2,500,742
-7%
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
95
20.3%
$6,458,939
6%
100
5.3%
$11,223,940
74%
9
-40%
$3,033,056
16%
11
22.2%
$3,294,409
9%
5
-16.7%
$2,484,000
-27%
5
0%
$3,874,100
56%
50
31.6%
$5,021,560
-24%
50
0%
$4,236,680
-16%
39
105.3%
$4,759,051
-37%
39
0%
$7,702,372
62%
104
62.5%
$2,180,928
7%
84
-19.2%
$2,473,780
13%
85
66.7%
$7,037,863
84%
79
-7.1%
$7,176,198
2%
108
116%
$4,786,009
-1%
78
-27.8%
$5,244,138
10%
22
10%
$3,644,932
3%
26
18.2%
$3,839,692
5%
100
78.6%
$4,415,237
-6%
75
-25%
$5,825,579
32%
14
180%
$2,422,000
55%
10
-28.6%
$2,281,800
-6%
33
106.3%
$4,874,652
8%
37
12.1%
$5,994,959
23%
16
128.6%
$2,809,719
97%
5
-68.8%
$3,100,200
10%
54
38.5%
$2,286,102
17%
32
-40.7%
$2,887,943
26%
53
6%
$2,194,708
-1%
56
5.7%
$2,613,330
19%
61
45.2%
$2,156,867
-8%
53
-13.1%
$3,446,636
60%
15
66.7%
$2,269,500
-20%
9
-40%
$3,034,020
34%
1,279
184%
$2,918,260
17%
1,542
21%
$2,866,946
-2%
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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