MICRO MARKET REPORT LOS ANGELES & MIAMI ISSUE #34 07/17/19 FOR Q2 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
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 SUMMER IS UPON US As the summer began, so did a flurry of big deals, albeit at what appears to be discounted prices. Upon further reflection, it is clear that most of them are not actually discounted prices. Rather, the initial listing prices were aspirational. When reduced to a more realistic value, these homes seem to sell. The time has come for real estate agents to act responsibly by sharing market conditions with sellers rather than simply listing homes at the price the seller wants without providing them knowledge of the market. It is our job to educate our clients. Most sellers are selling one house after owning it for an extended period of time. In contrast, real estate agents are studying the market, viewing properties, and tracking asking prices versus selling prices on a daily basis. Therefore, we must share this information with our sellers and do our best to list their homes at realistic prices. Speculative houses are a different story. In Los Angeles, they have been built in numbers far exceeding the available pool of buyers. Builders of these speculative homes need to understand that their profit will be far less than what it was when the number of buyers exceeded the number of available houses. The truth will prevail, and seasoned, competent agents must lead the way to responsible pricing.
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 2019
QTR. AVG.
HHHHHHHH 7
AVG. PRICE PER TRANSACTION 6
$
5
Q2.
2015
2016
2017
2018
2019
6,774,957
QUARTER 2 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
5,532,984
QUARTER 2 2019 vs 2018 +14% SALES
+22% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
73
14%
$6,774,957
22%
Q2. 2018
64
-28%
$5,532,984
-21%
Q2. 2017
89
16%
$7,041,944
5%
Q2. 2016
77
-16%
$6,699,974
4%
Q2. 2015
92
baseline
$6,411,875
baseline
YTD 2019
124
-2%
$7,029,852
25%
Date
© Westside Estate Agency
4
90211 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2019
QTR. AVG.
NUMBER OF SALES
3.5
PRICE IN MILLIONS
H =1
HHHHHHHHHH 3.0
AVG. PRICE PER TRANSACTION 2.5
$
2.0
Q2.
2015
2016
2017
2018
2019
2,782,200
QUARTER 2 2018
H =1
NUMBER OF SALES NUMBER OF SALES
HHHHHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
3,049,714
QUARTER 2 2019 vs 2018 +43% SALES
-9% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
10
43%
$2,782,200
-9%
Q2. 2018
7
-46%
$3,049,714
48%
Q2. 2017
13
160%
$2,060,769
-14%
Q2. 2016
5
-58%
$2,389,500
-5%
Q2. 2015
12
baseline
$2,503,458
baseline
YTD 2019
16
33%
$2,723,844
1%
Date
© Westside Estate Agency
5
90069 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2019
QTR. AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
HHHH 4
AVG. PRICE PER TRANSACTION $
3,851,486
3
Q2.
2015
2016
2017
2018
2019
QUARTER 2 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
3,707,852
QUARTER 2 2019 vs 2018
2015
-20% SALES
+4% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
35
-20%
$3,851,486
4%
Q2. 2018
44
0%
$3,707,852
17%
Q2. 2017
44
10%
$3,179,932
-15%
Q2. 2016
40
5%
$3,759,351
-10%
Q2. 2015
38
baseline
$4,195,474
baseline
YTD 2019
67
-8%
$4,114,810
4%
Date
© Westside Estate Agency
6
90077 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2019
QTR. AVG.
NUMBER OF SALES
8
PRICE IN MILLIONS
H = 10
HHHHH 7 6
AVG. PRICE PER TRANSACTION $
5 4
Q2.
2015
2016
2017
2018
2019
4,014,500
QUARTER 2 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
6,449,815
QUARTER 2 2019 vs 2018 +22% SALES
-38% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
45
22%
$4,014,500
-38%
Q2. 2018
37
-14%
$6,449,815
29%
Q2. 2017
43
34%
$5,014,349
-13%
Q2. 2016
32
-14%
$5,788,813
-24%
Q2. 2015
37
baseline
$7,609,500
baseline
YTD 2019
67
22%
$4,488,449
-38%
Date
© Westside Estate Agency
7
90046 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H = 10
QUARTER 2 2019
QTR. AVG.
HHHHHHHHH 2.0
AVG. PRICE PER TRANSACTION $
1.5
Q2.
2015
2016
2017
2018
2019
1,978,476 H = 10
QUARTER 2 2018 NUMBER OF SALES
NUMBER OF SALES
HHHHHHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
2,204,114
QUARTER 2 2019 vs 2018
2015
1% SALES
-10% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
84
1%
$1,978,476
-10%
Q2. 2018
83
1%
$2,204,114
8%
Q2. 2017
82
21%
$2,033,422
14%
Q2. 2016
68
-32%
$1,776,949
1%
Q2. 2015
100
baseline
$1,751,396
baseline
YTD 2019
135
-2%
$2,133,037
-3%
Date
© Westside Estate Agency
8
90265 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
8
PRICE IN MILLIONS
H = 10
QUARTER 2 2019
QTR. AVG.
HHHHH
7 6
AVG. PRICE PER TRANSACTION
5
$ 4 3
Q2.
2015
2016
2017
2018
2019
4,747,223 H = 10
QUARTER 2 2018 NUMBER OF SALES
NUMBER OF SALES
HHHHHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
6,808,514
QUARTER 2 2019 vs 2018
2015
-35% SALES
-30% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
47
-35%
$4,747,223
-30%
Q2. 2018
72
7%
$6,808,514
15%
Q2. 2017
67
8%
$5,901,688
42%
Q2. 2016
62
-7%
$4,155,306
11%
Q2. 2015
67
baseline
$3,759,888
baseline
YTD 2019
78
-35%
$4,531,628
-32%
Date
© Westside Estate Agency
9
90272 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2019
QTR. AVG.
NUMBER OF SALES
6
PRICE IN MILLIONS
H = 10
HHHHH 5
AVG. PRICE PER TRANSACTION 4
$
3,288,384
3
Q2.
2015
2016
2017
2018
2019
QUARTER 2 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
5,319,667
QUARTER 2 2019 vs 2018 -28% SALES
-38% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
50
-28%
$3,288,384
-38%
Q2. 2018
69
-13%
$5,319,667
36%
Q2. 2017
79
-1%
$3,917,127
12%
Q2. 2016
80
-15%
$3,487,341
-2%
Q2T. 2015
94
baseline
$3,564,729
baseline
YTD 2019
95
-24%
$3,817,344
-27%
Date
© Westside Estate Agency
10
90024 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2019
QTR. AVG.
NUMBER OF SALES
5
PRICE IN MILLIONS
H = 10
HHH 4
AVG. PRICE PER TRANSACTION 3
$
2
Q2.
2015
2016
2017
2018
2019
2,680,413
QUARTER 2 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
4,472,325
QUARTER 2 2019 vs 2018 15% SALES
-40% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
23
15%
$2,680,413
-40%
Q2. 2018
20
-20%
$4,472,325
2%
Q2. 2017
25
-26%
$4,391,840
43%
Q2. 2016
34
100%
$3,080,838
14%
Q2. 2015
17
baseline
$2,691,824
baseline
YTD 2019
35
-10%
$2,755,729
-32%
Date
© Westside Estate Agency
11
90049 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
6
PRICE IN MILLIONS
H = 10
QUARTER 2 2019
QTR. AVG.
HHHHHHHHH 5
AVG. PRICE PER TRANSACTION 4
$
3
Q2.
2015
2016
2017
2018
2019
5,517,608
QUARTER 2 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
5,078,471
QUARTER 2 2019 vs 2018
2015
28% SALES
9% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
88
28%
$5,517,608
9%
Q2. 2018
69
-26%
$5,078,471
39%
Q2. 2017
93
22%
$3,660,335
-11%
Q2. 2016
76
-14%
$4,127,578
15%
Q2. 2015
88
baseline
$3,593,839
baseline
YTD 2019
148
2%
$5,099,802
5%
Date
© Westside Estate Agency
12
90025 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2019
QTR. AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H = 10
HHH 2.0
AVG. PRICE PER TRANSACTION 1.5
$
2,275,523
1.0
Q2.
2015
2016
2017
2018
2019
QUARTER 2 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
1,841,625
QUARTER 2 2019 vs 2018
2015
-8% SALES
24% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
22
-8%
$2,275,523
24%
Q2. 2018
24
-11%
$1,841,625
3%
Q2. 2017
27
13%
$1,790,167
23%
Q2. 2016
24
9%
$1,460,688
5%
Q2. 2015
22
baseline
$1,392,252
baseline
YTD 2019
32
-18%
$1,992,375
14%
Date
© Westside Estate Agency
13
90402 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2019
QTR. AVG.
NUMBER OF SALES
6
PRICE IN MILLIONS
H = 10
HHH 5
AVG. PRICE PER TRANSACTION 4
$
5,889,182
3
Q2.
2015
2016
2017
2018
2019
QUARTER 2 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
4,164,914
QUARTER 2 2019 vs 2018 -24% SALES
41% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
22
-24%
$5,889,182
41%
Q2. 2018
29
-19%
$4,164,914
-7%
Q2. 2017
36
44%
$4,473,944
-6%
Q2. 2016
25
0%
$4,769,220
23%
Q2. 2015
25
baseline
$3,865,600
baseline
YTD 2019
36
-14%
$5,234,278
20%
Date
© Westside Estate Agency
14
90005 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
4.0
PRICE IN MILLIONS
H =1
QUARTER 2 2019
QTR. AVG.
HHHHHHHHH
3.5 3.0
AVG. PRICE PER TRANSACTION
2.5
$ 2.0 1.5
Q2.
2015
2016
2017
2018
2019
1,993,611
QUARTER 2 2018
H =1
NUMBER OF SALES NUMBER OF SALES
HHHHHHHHHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
2,870,818
QUARTER 2 2019 vs 2018 -18% SALES
-31% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
9
-18%
$1,993,611
-31%
Q2. 2018
11
-27%
$2,870,818
60%
Q2. 2017
15
25%
$1,797,267
18%
Q2. 2016
12
50%
$1,522,667
-33%
Q2. 2015
8
baseline
$2,283,750
baseline
YTD 2019
16
-11%
$1,736,938
-54%
Date
© Westside Estate Agency
15
90027 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2019
QTR. AVG.
NUMBER OF SALES
3.0
PRICE IN MILLIONS
H = 10
HHHHH 2.5 2.0
AVG. PRICE PER TRANSACTION $
1.5 1.0
Q2.
2015
2016
2017
2018
2019
2,049,671
QUARTER 2 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
2,230,842
QUARTER 2 2019 vs 2018
2015
-24% SALES
-8% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
41
-24%
$2,049,671
-8%
Q2. 2018
54
2%
$2,230,842
-16%
Q2. 2017
53
10%
$2,646,521
78%
Q2. 2016
48
-2%
$1,487,250
-3%
Q2. 2015
49
baseline
$1,531,418
baseline
YTD 2019
69
-23%
$1,929,319
-10%
Date
© Westside Estate Agency
16
90064 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H = 10
QUARTER 2 2019
QTR. AVG.
HHHHHHHH 2.0
AVG. PRICE PER TRANSACTION 1.5
$
1.0
Q2.
2015
2016
2017
2018
2019
2,030,662
QUARTER 2 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
2,017,098
QUARTER 2 2019 vs 2018
2015
+31% SALES
+1% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
80
31%
$2,030,662
1%
Q2. 2018
61
-15%
$2,017,098
-6%
Q2. 2017
72
29%
$2,134,682
15%
Q2. 2016
56
8%
$1,859,102
26%
Q2. 2015
52
baseline
$1,479,354
baseline
YTD 2019
130
27%
$2,064,415
3%
Date
© Westside Estate Agency
17
90291 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2019
QTR. AVG.
NUMBER OF SALES
3.5
PRICE IN MILLIONS
H = 10
HHHHH 3.0
AVG. PRICE PER TRANSACTION 2.5
$
2.0
Q2.
2015
2016
2017
2018
2019
2,278,109
QUARTER 2 2018
H = 10
NUMBER OF SALES NUMBER OF SALES
HHHHHH AVG. PRICE PER TRANSACTION
2019
$
2018 2017 2016
2,225,202
QUARTER 2 2019 vs 2018
2015
-12% SALES
2% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
46
-12%
$2,278,109
2%
Q2. 2018
52
6%
$2,225,202
-19%
Q2. 2017
49
-6%
$2,732,920
35%
Q2. 2016
52
-9%
$2,022,471
-3%
Q2. 2015
57
baseline
$2,082,912
baseline
YTD 2019
80
-10%
$2,436,081
9%
Date
© Westside Estate Agency
18
90292 AVG. PRICE PER TRANSACTION YTD AVG.
NUMBER OF SALES
3.0
PRICE IN MILLIONS
H =1
QUARTER 2 2019
QTR. AVG.
HHHHHHHHHHH 2.5
AVG. PRICE PER TRANSACTION 2.0
$
1.5
Q2.
2015
2016
2017
2018
2019
2,365,182 H =1
QUARTER 2 2018 NUMBER OF SALES
NUMBER OF SALES
HHHHHHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
2,724,688
QUARTER 2 2019 vs 2018 38% SALES
-13% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
11
38%
$2,365,182
-13%
Q2. 2018
8
-27%
$2,724,688
2%
Q2. 2017
11
22%
$2,668,545
6%
Q2. 2016
9
125%
$2,518,778
40%
Q2. 2015
4
baseline
$1,797,500
baseline
YTD 2019
13
-35%
$2,367,462
-4%
Date
© Westside Estate Agency
19
90293 AVG. PRICE PER TRANSACTION YTD AVG.
QUARTER 2 2019
QTR. AVG.
NUMBER OF SALES
2.5
PRICE IN MILLIONS
H =5
HH 2.0
AVG. PRICE PER TRANSACTION $
1.5
Q2.
2015
2016
2017
2018
2019
1,842,714
QUARTER 2 2018
H =5
NUMBER OF SALES NUMBER OF SALES
HHHH 2019 2018 2017 2016 2015
AVG. PRICE PER TRANSACTION $
1,997,647
QUARTER 2 2019 vs 2018 -59% SALES
-8% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
7
-59%
$1,842,714
-8%
Q2. 2018
17
-11%
$1,997,647
5%
Q2. 2017
19
46%
$1,897,868
23%
Q2. 2016
13
86%
$1,546,692
-28%
Q2. 2015
7
baseline
$2,162,571
baseline
YTD 2019
26
-21%
$1,669,981
-10%
Date
© Westside Estate Agency
20
MIAMI MARKET VIEW
METRO MIAMI OVERVIEW AVG. PRICE PER TRANSACTION YTD AVG.
QTR. AVG.
PRICE IN MILLIONS
H = 100
QUARTER 2 2019
3.0
AVG. NUMBER OF SALES
HHHHHH AVG. PRICE PER TRANSACTION
2.5
$
H =100
QUARTER 2 2018
2.0
Q2.
2,706,418
2015
2016
2017
2018
2019
AVG. NUMBER OF SALES
HHHHHHH
NUMBER OF SALES
AVG. PRICE PER TRANSACTION 2019
$
2018
2,451,254
2017
QUARTER 2 2019 vs 2018
2016 2015
-11% SALES
+10% PRICE
Sales
Δ vs Previous Year
Avg. Price
Δ vs Previous Year
Q2. 2019
545
-11%
$2,706,418
10%
Q2. 2018
612
19%
$2,451,254
10%
Q2. 2017
515
7%
$2,233,529
-10%
Q2. 2016
480
-19%
$2,478,523
4%
Q2. 2015
595
baseline
$2,378,192
baseline
YTD 2019
931
-13%
$2,451,254
-1%
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
158
$6,391,778
135
-15%
$6,070,278
-5%
144
7%
$6,897,972
14%
90211
18
$2,392,611
12
-33%
$2,237,708
-6%
21
75%
$2,371,857
6%
90069
79
$3,891,481
80
1%
$4,393,219
13%
80
0%
$3,466,119
-21%
90077
69
$7,311,529
56
-19%
$5,490,982
-25%
71
27%
$5,476,070
0%
90046
160
$1,879,282
151
-6%
$1,765,087
-6%
146
-3%
$2,253,312
28%
90265
126
$4,828,591
117
-7%
$4,465,403
-8%
116
-1%
$5,254,639
18%
90272
149
$3,623,642
139
-7%
$3,487,880
-4%
148
6%
$3,864,669
11%
90024
30
$2,753,850
56
87%
$3,107,776
13%
41
-27%
$3,887,915
25%
90049
137
$3,707,502
128
-7%
$3,605,066
-3%
159
24%
$3,880,507
8%
90025
37
$1,344,258
40
8%
$1,449,763
8%
41
2%
$1,863,963
29%
90402
41
$4,027,585
54
32%
$4,729,870
17%
61
13%
$4,117,443
-13%
90005
23
$2,244,609
21
-9%
$1,664,080
-26%
23
10%
$2,202,130
32%
90027
82
$1,573,152
91
11%
$1,692,720
8%
83
-9%
$2,877,044
70%
90064
86
$1,444,807
101
17%
$1,761,326
22%
131
30%
$2,154,857
22%
90291
92
$2,017,989
92
0%
$2,029,795
1%
101
10%
$3,421,095
69%
90292
17
$2,261,176
19
12%
$2,166,342
-4%
21
11%
$2,660,048
23%
90293
22
$1,842,432
24
9%
$1,541,771
-16%
32
33%
$1,825,578
18%
Miami
1099
$2,386,242
915
-17%
$2,397,218
0%
904
-1%
$2,367,270
-1%
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
126
-13%
$5,633,242
-18%
124
-2%
$7,029,852
25%
12
-43%
$2,706,000
14%
16
33%
$2,723,844
1%
73
-9%
$3,959,959
14%
67
-8%
$4,114,810
4%
55
-23%
$7,252,667
32%
67
22%
$4,488,449
-38%
138
-5%
$2,206,845
-2%
135
-2%
$2,133,037
-3%
120
3%
$6,711,533
28%
78
-35%
$4,531,628
-32%
125
-16%
$5,231,059
35%
95
-24%
$3,817,344
-27%
39
-5%
$4,039,415
4%
35
-10%
$2,755,729
-32%
145
-9%
$4,867,248
25%
148
2%
$5,099,802
5%
39
-5%
$1,748,090
-6%
32
-18%
$1,992,375
14%
42
-31%
$4,351,500
6%
36
-14%
$5,234,278
20%
18
-22%
$3,749,667
70%
16
-11%
$1,736,938
-54%
90
8%
$2,153,733
-25%
69
-23%
$1,929,319
-10%
102
-22%
$1,998,265
-7%
130
27%
$2,064,415
3%
89
-12%
$2,233,090
-35%
80
-10%
$2,436,081
9%
20
-5%
$2,473,403
-7%
13
-35%
$2,367,462
-4%
33
3%
$1,858,939
2%
26
-21%
$1,669,981
-10%
1070
18%
$2,472,615
4%
931
-13%
$2,451,254
-1%
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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