MICRO MARKET REPORT LOS ANGELES & MIAMI ISSUE #33 04/15/19 FOR Q1 2019 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
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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 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.
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Compare Los Angeles Real Estate Brokerages
A MESSAGE FROM WEA SO, YOU ASK, HOW’S THE MARKET? People ask me about the real estate market about 10 times per day and I am still trying to figure out the appropriate answer. One thing is certain, we do not have a 2008 crisis where the subprime loan market resulted in massive foreclosures. Today, we have the most liquidity in the history of the world and almost all sellers have substantial equity in their homes. However, most of this liquidity is in the hands of private funds who have turned into real estate lenders as return on deposited funds are negligible and banks are still reluctant to make home loans to individuals. Additionally, we are now also experiencing the result of the new tax laws which only allow Californians to deduct $10k of our property taxes and none of the previously deductible State of California income tax of 13.3%. This absolutely makes buyers think long and hard about whether they want to purchase a home. In looking at the statistics presented in this quarterly report, we see that they are all over the place and not at all consistent from one zip code to another. For example, in the 90210 area of Beverly Hills, the number of transactions compared to 2018 were down 18% but the average sale price was up 29%. In the Bel Air zip code of 90077, transactions were up 22% but the average sale price was down 39%. In the Malibu zip code of 90265, sales were down 35% and the average sale price was also down 36%. Many of these negative statistics might be attributed to both the disastrous fires and the extraordinary winter rains. I can confidently assert that aspirational pricing is now a thing of the past and there is an overabundance of speculative homes in the market, especially in the Bird streets of 90069 and the Trousdale area of 90210. It seems that a motivated seller who listens to their broker as to the real value versus what that seller would like will result in a sale. Check your zip code in our report to see the market performance in the first quarter of 2019 vs. 2018. Additionally, the report includes stats going back to 2015 to track the market’s longer performance.
Stephen Shapiro Co-Founder, Westside Estate Agency
3
90210 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 1 2019
QTR. AVG.
NUMBER OF SALES
8
PRICE IN MILLIONS
H = 10
HHHHHH 7
AVG. PRICE PER TRANSACTION $
6
5
Q1.
2015
2016
2017
2018
2019
7,394,701
QUARTER 1 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
5,736,734
QUARTER 1 2019 vs 2018 -18% SALES
+29% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
51
-18%
$7,394,701
29%
Q1. 2018
62
13%
$5,736,734
-14%
Q1. 2017
55
-5%
$6,665,000
27%
Q1. 2016
58
-12%
$5,234,302
-18%
Q1. 2015
66
baseline
$6,363,765
baseline
YTD 2019
51
-18%
$7,394,701
29%
Date
© Westside Estate Agency
4
90211 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 1 2019
QTR. AVG.
NUMBER OF SALES
3.0
PRICE IN MILLIONS
H =1
HHHHHH 2.5
AVG. PRICE PER TRANSACTION $
2.0
Q1.
2015
2016
2017
2018
2019
2,626,583
QUARTER 1 2018
H =1
NUMBER OF SALES NUMBER OF SALES
HHHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
2,224,800
QUARTER 1 2019 vs 2018 +20% SALES
+18% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
6
20%
$2,626,583
18%
Q1. 2018
5
-38%
$2,224,800
-23%
Q1. 2017
8
14%
$2,877,375
35%
Q1. 2016
7
17%
$2,129,286
-2%
Q1. 2015
6
baseline
$2,170,917
baseline
YTD 2019
6
20%
$2,626,583
18%
Date
© Westside Estate Agency
5
90069 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 1 2019
QTR. AVG.
NUMBER OF SALES
6
PRICE IN MILLIONS
H = 10
HHHH 5
AVG. PRICE PER TRANSACTION 4
$
3
Q1.
2015
2016
2017
2018
2019
4,402,821
QUARTER 1 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
4,342,466
QUARTER 1 2019 vs 2018 +10% SALES
+1% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
32
10%
$4,402,821
1%
Q1. 2018
29
-19%
$4,342,466
14%
Q1. 2017
36
-10%
$3,815,903
-24%
Q1. 2016
40
-2%
$5,027,088
39%
Q1. 2015
41
baseline
$3,609,732
baseline
YTD 2019
32
10%
$4,402,821
1%
Date
© Westside Estate Agency
6
90077 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 1 2019
QTR. AVG.
NUMBER OF SALES
10
PRICE IN MILLIONS
H = 10
HHH 8
AVG. PRICE PER TRANSACTION 6
$
4
Q1.
2015
2016
2017
2018
2019
5,457,890
QUARTER 1 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
8,902,972
QUARTER 1 2019 vs 2018 +22% SALES
-39% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
22
22%
$5,457,890
-39%
Q1. 2018
18
-36%
$8,902,972
44%
Q1. 2017
28
17%
$6,185,143
21%
Q1. 2016
24
-25%
$5,093,875
-27%
Q1. 2015
32
baseline
$6,967,000
baseline
YTD 2019
22
22%
$5,457,890
-39%
Date
© Westside Estate Agency
7
90046 AVG. PRICE PER TRANSACTION
PRICE IN MILLIONS
YTD AVG.
QUARTER 1 2019
QTR. AVG.
H = 10
NUMBER OF SALES
3.0
HHHHHH 2.5
AVG. PRICE PER TRANSACTION $
2.0
1.5
Q1.
2015
2016
2017
2018
2019
2,387,608
QUARTER 1 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
2,210,966
QUARTER 1 2019 vs 2018 -7% SALES
+8% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
51
-7%
$2,387,608
8%
Q1. 2018
55
-14%
$2,210,966
-13%
Q1. 2017
64
-23%
$2,535,047
44%
Q1. 2016
83
38%
$1,755,369
-16%
Q1. 2015
60
baseline
$2,092,425
baseline
YTD 2019
51
-7%
$2,387,608
8%
Date
© Westside Estate Agency
8
90265 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 1 2019
QTR. AVG.
NUMBER OF SALES
8
PRICE IN MILLIONS
H = 10
HHHH 7 6
AVG. PRICE PER TRANSACTION $
5 4
Q1.
2015
2016
2017
2018
2019
4,204,758
QUARTER 1 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
6,566,063
QUARTER 1 2019 vs 2018 -35% SALES
-36% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
31
-35%
$4,204,758
-36%
Q1. 2018
48
-2%
$6,566,063
50%
Q1. 2017
49
-11%
$4,369,898
-9%
Q1. 2016
55
-7%
$4,814,965
-20%
Q1. 2015
59
baseline
$6,042,203
baseline
YTD 2019
31
-35%
$4,204,758
-36%
Date
© Westside Estate Agency
9
90272 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
6
PRICE IN MILLIONS
H = 10
QUARTER 1 2019
QTR. AVG.
HHHHH
5
AVG. PRICE PER TRANSACTION $
4
3
Q1.
2015
2016
2017
2018
2019
4,405,078 H = 10
QUARTER 1 2018 NUMBER OF SALES
NUMBER OF SALES
HHHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
5,121,882
QUARTER 1 2019 vs 2018
2015
-20% SALES
-14% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
45
-20%
$4,405,078
-14%
Q1. 2018
56
-19%
$5,121,882
35%
Q1. 2017
69
17%
$3,804,609
9%
Q1. 2016
59
7%
$3,488,610
-6%
Q1T. 2015
55
baseline
$3,724,331
baseline
YTD 2019
45
-20%
$4,405,078
-14%
Date
© Westside Estate Agency
10
90024 AVG. PRICE PER TRANSACTION
PRICE IN MILLIONS
YTD AVG.
QUARTER 1 2019
QTR. AVG.
H = 10
NUMBER OF SALES
4.0
HH 3.5
AVG. PRICE PER TRANSACTION $
3.0
2.5
Q1.
2015
2016
2017
2018
2019
2,900,083
QUARTER 1 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
3,583,720
QUARTER 1 2019 vs 2018 -37% SALES
-19% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
12
-37%
$2,900,083
-19%
Q1. 2018
19
19%
$3,583,720
16%
Q1. 2017
16
-27%
$3,100,531
-2%
Q1. 2016
22
69%
$3,149,407
11%
Q1. 2015
13
baseline
$2,834,962
baseline
YTD 2019
12
-37%
$2,900,083
-19%
Date
© Westside Estate Agency
11
90049 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
QUARTER 1 2019
QTR. AVG.
HHHHHH
4
AVG. PRICE PER TRANSACTION $
3
2
Q1.
2015
2016
2017
2018
2019
4,487,020 H = 10
QUARTER 1 2018 NUMBER OF SALES
NUMBER OF SALES
HHHHHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
4,675,480
QUARTER 1 2019 vs 2018
2015
-21% SALES
-4% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
60
-21%
$4,487,020
-4%
Q1. 2018
76
15%
$4,675,480
12%
Q1. 2017
66
27%
$4,190,750
47%
Q1. 2016
52
6%
$2,841,394
-27%
Q1. 2015
49
baseline
$3,911,633
baseline
YTD 2019
60
-21%
$4,487,020
-4%
Date
© Westside Estate Agency
12
90025 AVG. PRICE PER TRANSACTION
PRICE IN MILLIONS
YTD AVG.
QUARTER 1 2019
QTR. AVG.
NUMBER OF SALES
2.0
HH AVG. PRICE PER TRANSACTION
1.5
$
1.0
Q1.
H =5
2015
2016
2017
2018
2019
1,369,450
QUARTER 1 2018
H =5
NUMBER OF SALES NUMBER OF SALES
HHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
1,598,433
QUARTER 1 2019 vs 2018
2015
-33% SALES
-14% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
10
-33%
$1,369,450
-14%
Q1. 2018
15
7%
$1,598,433
-20%
Q1. 2017
14
-13%
$2,006,286
40%
Q1. 2016
16
7%
$1,433,375
13%
Q1. 2015
15
baseline
$1,273,867
baseline
YTD 2019
10
-33%
$1,369,450
-14%
Date
© Westside Estate Agency
13
90402 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 1 2019
QTR. AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H =5
HHH 4
AVG. PRICE PER TRANSACTION $
3
Q1.
2015
2016
2017
2018
2019
4,205,143
QUARTER 1 2018
H =5
NUMBER OF SALES NUMBER OF SALES
HHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
4,767,731
QUARTER 1 2019 vs 2018
2015
+8% SALES
-12% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
14
8%
$4,205,143
-12%
Q1. 2018
13
-48%
$4,767,731
32%
Q1. 2017
25
-14%
$3,604,080
-23%
Q1. 2016
29
81%
$4,695,948
10%
Q1. 2015
16
baseline
$4,280,688
baseline
YTD 2019
14
8%
$4,205,143
-12%
Date
© Westside Estate Agency
14
90005 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 1 2019
QTR. AVG.
NUMBER OF SALES
6
PRICE IN MILLIONS
H =1
HHHHHHH 5 4
AVG. PRICE PER TRANSACTION
3
$
2 1
Q1.
2015
2016
2017
2018
2019
1,406,929
QUARTER 1 2018
H =1
NUMBER OF SALES NUMBER OF SALES
HHHHHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
5,130,714
QUARTER 1 2019 vs 2018 0% SALES
-73% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
7
0%
$1,406,929
-73%
Q1. 2018
7
-13%
$5,130,714
73%
Q1. 2017
8
-11%
$2,961,250
60%
Q1. 2016
9
-40%
$1,852,631
-17%
Q1. 2015
15
baseline
$2,223,733
baseline
YTD 2019
7
0%
$1,406,929
-73%
Date
© Westside Estate Agency
15
90027 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 1 2019
QTR. AVG.
NUMBER OF SALES
3.5
PRICE IN MILLIONS
H = 10
HHH 3.0
AVG. PRICE PER TRANSACTION
2.5
$
2.0 1.5
Q1.
2015
2016
2017
2018
2019
1,753,089
QUARTER 1 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
2,038,069
QUARTER 1 2019 vs 2018 -22% SALES
-14% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
28
-22%
$1,753,089
-14%
Q1. 2018
36
20%
$2,038,069
-38%
Q1. 2017
30
-30%
$3,284,303
71%
Q1. 2016
43
30%
$1,922,081
18%
Q1. 2015
33
baseline
$1,635,121
baseline
YTD 2019
28
-22%
$1,753,089
-14%
Date
© Westside Estate Agency
16
90064 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 1 2019
QTR. AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H = 10
HHHHH 2.0
AVG. PRICE PER TRANSACTION 1.5
$
1.0
Q1.
2015
2016
2017
2018
2019
2,118,420
QUARTER 1 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
1,970,244
QUARTER 1 2019 vs 2018 +22% SALES
+8% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
50
22%
$2,118,420
8%
Q1. 2018
41
-31%
$1,970,244
-10%
Q1. 2017
59
31%
$2,179,476
33%
Q1. 2016
45
32%
$1,639,649
18%
Q1. 2015
34
baseline
$1,391,971
baseline
YTD 2019
50
22%
$2,118,420
8%
Date
© Westside Estate Agency
17
90291 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 1 2019
QTR. AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
HHHH 4 3
AVG. PRICE PER TRANSACTION $
2 1
Q1.
2015
2016
2017
2018
2019
2,649,809
QUARTER 1 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
2,244,176
QUARTER 1 2019 vs 2018 -8% SALES
+18% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
34
-8%
$2,649,809
18%
Q1. 2018
37
-29%
$2,244,176
-45%
Q1. 2017
52
30%
$4,069,567
100%
Q1. 2016
40
14%
$2,039,315
7%
Q1. 2015
35
baseline
$1,912,257
baseline
YTD 2019
34
-8%
$2,649,809
18%
Date
© Westside Estate Agency
18
90292 AVG. PRICE PER TRANSACTION
PRICE IN MILLIONS
YTD AVG.
QUARTER 1 2019
QTR. AVG.
H =1
NUMBER OF SALES
3.0
HH 2.5
AVG. PRICE PER TRANSACTION 2.0
$
1.5
Q1.
2015
2016
2017
2018
2019
2,380,000
QUARTER 1 2018
H =5
NUMBER OF SALES NUMBER OF SALES
HHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
2,305,880
QUARTER 1 2019 vs 2018 -83% SALES
+3% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
2
-83%
$2,380,000
3%
Q1. 2018
12
20%
$2,305,880
-13%
Q1. 2017
10
0%
$2,650,700
43%
Q1. 2016
10
-23%
$1,849,150
-23%
Q1. 2015
13
baseline
$2,403,846
baseline
YTD 2019
2
-83%
$2,380,000
3%
Date
© Westside Estate Agency
19
90293 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
2.0
PRICE IN MILLIONS
H =5
QUARTER 1 2019
QTR. AVG.
HHHH AVG. PRICE PER TRANSACTION $ 1.5
Q1.
2015
2016
2017
2018
2019
1,606,342 H =5
QUARTER 1 2018 NUMBER OF SALES
NUMBER OF SALES
HHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
1,711,563
QUARTER 1 2019 vs 2018 +19% SALES
-6% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
19
19%
$1,606,342
-6%
Q1. 2018
16
23%
$1,711,563
0%
Q1. 2017
13
18%
$1,719,923
12%
Q1. 2016
11
-27%
$1,535,955
-9%
Q1. 2015
15
baseline
$1,693,033
baseline
YTD 2019
19
19%
$1,606,342
-6%
Date
© Westside Estate Agency
20
MIAMI MARKET VIEW
METRO MIAMI OVERVIEW AVG. PRICE PER TRANSACTION YTD AVG.
QTR. AVG.
3.0
PRICE IN MILLIONS
H = 50
QUARTER 1 2019 AVG. NUMBER OF SALES
HHHHHHHH AVG. PRICE PER TRANSACTION 2.5
$
H =50
QUARTER 1 2018
2.0
Q1.
2,732,346
2015
2016
2017
2018
2019
AVG. NUMBER OF SALES
HHHHHHHHHH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION 2019 2018
$
2,347,689
2017 2016 2015
QUARTER 1 2019 vs 2018 -28% SALES
+14% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q1. 2019
363
-21%
$2,732,346
16%
Q1. 2018
458
18%
$2,347,689
-8%
Q1. 2017
389
-11%
$2,544,330
10%
Q1. 2016
435
-14%
$2,307,504
-4%
Q1. 2015
504
baseline
$2,395,744
baseline
YTD 2019
363
-21%
$2,732,346
16%
Date
© Westside Estate Agency
21
YEAR TO DATE SALES 2015
2016
2017
Zip Code
Sales
Average Price
Sales
Δ vs ‘15
Average Price
Δ vs ‘15
Sales
Δ vs ‘16
Average Price
Δ vs ‘16
90210
66
$6,363,765
58
-12%
$5,234,302
-18%
55
-5%
$6,665,000
27%
90211
6
$2,170,917
7
17%
$2,129,286
-2%
8
14%
$2,877,375
35%
90069
41
$3,609,732
40
-2%
$5,027,088
39%
36
-10%
$3,815,903
-24%
90077
32
$6,967,000
24
-25%
$5,093,875
-27%
28
17%
$6,185,143
21%
90046
60
$2,092,425
83
38%
$1,755,369
-16%
64
-23%
$2,535,047
44%
90265
59
$6,042,203
55
-7%
$4,814,965
-20%
49
-11%
$4,369,898
-9%
90272
55
$3,724,331
59
7%
$3,488,610
-6%
69
17%
$3,804,609
9%
90024
13
$2,834,962
22
69%
$3,149,407
11%
16
-27%
$3,100,531
-2%
90049
49
$3,911,633
52
6%
$2,841,394
-27%
66
27%
$4,190,750
47%
90025
15
$1,273,867
16
7%
$1,433,375
13%
14
-13%
$2,006,286
40%
90402
16
$4,280,688
29
81%
$4,695,948
10%
25
-14%
$3,604,080
-23%
90005
15
$2,223,733
9
-40%
$1,852,631
-17%
8
-11%
$2,961,250
60%
90027
33
$1,635,121
43
30%
$1,922,081
18%
30
-30%
$3,284,303
71%
90064
34
$1,391,971
45
32%
$1,639,649
18%
59
31%
$2,179,476
33%
90291
35
$1,912,257
40
14%
$2,039,315
7%
52
30%
$4,069,567
100%
90292
13
$2,403,846
10
-23%
$1,849,150
-23%
10
0%
$2,650,700
43%
90293
15
$1,693,033
11
-27%
$1,535,955
-9%
13
18%
$1,719,923
12%
Miami
504
$2,395,744
435
-14%
$2,307,504
-4%
389
-11%
$2,544,330
10%
PROPERTIES OF $1M OR MORE 2018
2019
Sales
Δ vs ‘17
Average Price
Δ vs ‘17
Sales
Δ vs ‘18
Average Price
Δ vs ‘18
62
13%
$5,736,734
-14%
51
-18%
$7,394,701
29%
5
-38%
$2,224,800
-23%
6
20%
$2,626,583
18%
29
-19%
$4,342,466
14%
32
10%
$4,402,821
1%
18
-36%
$8,902,972
44%
22
22%
$5,457,890
-39%
55
-14%
$2,210,966
-13%
51
-7%
$2,387,608
8%
48
-2%
$6,566,063
50%
31
-35%
$4,204,758
-36%
56
-19%
$5,121,882
35%
45
-20%
$4,405,078
-14%
19
19%
$3,583,720
16%
12
-37%
$2,900,083
-19%
76
15%
$4,675,480
12%
60
-21%
$4,487,020
-4%
15
7%
$1,598,433
-20%
10
-33%
$1,369,450
-14%
13
-48%
$4,767,731
32%
14
8%
$4,205,143
-12%
7
-13%
$5,130,714
73%
7
0%
$1,406,929
-73%
36
20%
$2,038,069
-38%
28
-22%
$1,753,089
-14%
41
-31%
$1,970,244
-10%
50
22%
$2,118,420
8%
37
-29%
$2,244,176
-45%
34
-8%
$2,649,809
18%
12
20%
$2,305,880
-13%
2
-83%
$2,380,000
3%
16
23%
$1,711,563
0%
19
19%
$1,606,342
-6%
458
18%
$2,347,689
-8%
363
-21%
$2,732,346
16%
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 2017. 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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