wea micro market report 1/15/16 for 12/15/15 statistics
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1
Micro Market reportLos angeLes & MiaMi
issue #10 01/15/16 for 12/15/15 statistics
2
Table of ConTenTs
zip Code 90210 - Beverly Hills
zip Code 90211 - 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 90049 - BrentWood
zip Code 90025 - West lA
zip Code 90201/90402 - sAntA moniCA
zip Code 90005 - HAnCoCk pArk
zip Code 90027 - los feliz
zip Code 90064 - CHeviot Hills
zip Code 90291 - veniCe
zip Code 90292 - mArinA del rey
miAmi mArket overvieW
All zip Codes yeAr to dAte sAles
WeA messAge
ABout WeA
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
22
23
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.
3© Westside estate Agency
date sales Δ vs previous year Avg. price Δ vs previous year
deC. 2015 30 +30% $5,871,450 -40%
deC. 2014 23 +15% $9,837,130 +84%
deC. 2010 20 +233% $5,357,891 +17%
deC. 2007 6 baseline $4,590,833 baseline
ytd 2015 304 +28% $6,291,744 +11%
avg. PriCe Per TransaCTion
number of sales
number of sales
number of sales
December 2015
December 2007
H H H H H H H H H H H H H H H H H H H H H H H HH H H H H H
avg. PriCe Per TransaCTion
5,871,450$
H H H H H H
avg. PriCe Per TransaCTion
4,590,833$
+400% sales
December 2015 vs 2007
+28% PriCe
Pr
ice
in
mil
lio
ns
90210
2007 2010 2014 2015
2007 2010 2014 2015
deC.
deC.
0
2
4
6
8
10
4© Westside estate Agency
avg. PriCe Per TransaCTion
number of sales
number of sales
number of sales
December 2015
December 2007
H H
avg. PriCe Per TransaCTion
1,944,000$
December 2015 vs 2007
Pr
ice
in
mil
lio
ns
90211
2007 2010 2014 2015
2007 2010 2014 2015
avg. PriCe Per TransaCTion
$2,039,000
+100% sales -5% PriCe
deC.
deC.
date sales Δ vs previous year Avg. price Δ vs previous year
deC. 2015 2 -33% $1,944,000 +22%
deC. 2014 3 0% $1,595,000 -1%
deC. 2010 3 +200% $1,608,333 -21%
deC. 2007 1 baseline $2,039,000 baseline
ytd 2015 39 +30% $2,155,090 +23%
H
0.0
0.5
1.0
1.5
2.0
2.5
5© Westside estate Agency
avg. PriCe Per TransaCTion
number of sales
number of sales
number of sales
December 2015
December 2007
H H H H H H H H H H H HH H H H H H H
avg. PriCe Per TransaCTion
3,149,211$
avg. PriCe Per TransaCTion
not avail.
+/-0 sales
December 2015 vs 2007
+/-0 PriCe
Pr
ice
in
mil
lio
ns
90069
2007 2010 2014 2015
2007 2010 2014 2015
deC.
deC.
date sales Δ vs previous year Avg. price Δ vs previous year
deC. 2015 19 +19% $3,149,211 -27%
deC. 2014 16 +167% $4,288,125 +129%
deC. 2010 6 0% $1,868,667 0%
deC. 2007 0 baseline n/A baseline
ytd 2015 159 +28% $3,571,060 -2%
0
1
2
3
4
5
6© Westside estate Agency
avg. PriCe Per TransaCTion
number of sales
number of sales
number of sales
December 2015
December 2007
H H H H H H H H H H
avg. PriCe Per TransaCTion
6,331,300$
H H H
avg. PriCe Per TransaCTion
10,725,333$
+233% sales
December 2015 vs 2007
-41% PriCe
Pr
ice
in
mil
lio
ns
90077
2007 2010 2014 2015
2007 2010 2014 2015
deC.
deC.
date sales Δ vs previous year Avg. price Δ vs previous year
deC. 2015 10 -29% $6,331,300 +23%
deC. 2014 14 +133% $5,167,250 +147%
deC. 2010 6 +100% $2,092,333 -80%
deC. 2007 3 baseline $10,725,333 baseline
ytd 2015 129 +34% $5,666,098 -12%
0
2
4
6
8
10
12
7© Westside estate Agency
avg. PriCe Per TransaCTion
number of sales
number of sales
number of sales
December 2015
December 2007
H H H H H H H H H H H H H H H H H H H H H H H HH H H H H H H H Havg. PriCe Per TransaCTion
1,696,974$
H H H H H H H H
avg. PriCe Per TransaCTion
1,658,375$
+313% sales
December 2015 vs 2007
+2% PriCe
Pr
ice
in
mil
lio
ns
90046
2007 2010 2014 2015
2007 2010 2014 2015
deC.
deC.
date sales Δ vs previous year Avg. price Δ vs previous year
deC. 2015 33 +74% $1,696,974 -9%
deC. 2014 19 +58% $1,868,000 +85%
deC. 2010 12 +50% $1,007,375 -39%
deC. 2007 8 baseline $1,658,375 baseline
ytd 2015 329 +33% $1,762,435 -1%
0.0
0.5
1.0
1.5
2.0
8© Westside estate Agency
avg. PriCe Per TransaCTion
number of sales
number of sales
number of sales
December 2015
December 2007
H H H H H H H H H H H H H H H H H H H H H H H HH H
avg. PriCe Per TransaCTion
3,837,500$
avg. PriCe Per TransaCTion
4,679,000
+420% sales
December 2015 vs 2007
-18% PriCe
Pr
ice
in
mil
lio
ns
90265
2007 2010 2014 2015
2007 2010 2014 2015
deC.
deC.
date sales Δ vs previous year Avg. price Δ vs previous year
deC. 2015 26 +13% $3,837,500 +24%
deC. 2014 23 +229% $3,090,870 +57%
deC. 2010 7 +40% $1,968,071 -58%
deC. 2007 5 baseline $4,679,000 baseline
ytd 2015 233 +25% $4,571,121 +21%
$
H H H H H
0
1
2
3
4
5
9© Westside estate Agency
avg. PriCe Per TransaCTion
number of sales
number of sales
number of sales
December 2015
December 2007
H H H H H H H H H H H H H H H H H H H H H H H HH
avg. PriCe Per TransaCTion
3,517,620$
H H H
avg. PriCe Per TransaCTion
5,400,000$
+733% sales
December 2015 vs 2007
-35% PriCe
Pr
ice
in
mil
lio
ns
90272
2007 2010 2014 2015
2007 2010 2014 2015
deC.
deC.
date sales Δ vs previous year Avg. price Δ vs previous year
deC. 2015 25 +92% $3,517,620 +36%
deC. 2014 13 +8% $2,578,724 +69%
deC. 2010 12 +300% $1,530,102 -72%
deC. 2007 3 baseline $5,400,000 baseline
ytd 2015 277 +10% $3,575,797 +8%
0
1
2
3
4
5
6
10© Westside estate Agency
avg. PriCe Per TransaCTion
number of sales
number of sales
number of sales
December 2015
December 2007
H H H H H H H H
avg. PriCe Per TransaCTion
3,394,125$
avg. PriCe Per TransaCTion
3,690,000
+300% sales
December 2015 vs 2007
-8% PriCe
Pr
ice
in
mil
lio
ns
90024
2007 2010 2014 2015
2007 2010 2014 2015
deC.
deC.
date sales Δ vs previous year Avg. price Δ vs previous year
deC. 2015 8 +167% $3,394,125 +72%
deC. 2014 3 -63% $1,970,167 -39%
deC. 2010 8 +300% $3,230,500 -12%
deC. 2007 2 baseline $3,690,000 baseline
ytd 2015 74 -3% $2,908,257 -35%
H H
$
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
11© Westside estate Agency
avg. PriCe Per TransaCTion
number of sales
number of sales
number of sales
December 2015
December 2007
H H H H H H H H H H H HH H H H H H
avg. PriCe Per TransaCTion
6,035,641$
H H H H H H
avg. PriCe Per TransaCTion
1,839,167$
+200% sales
December 2015 vs 2007
+228% PriCe
Pr
ice
in
mil
lio
ns
90049
2007 2010 2014 2015
2007 2010 2014 2015
deC.
deC.
date sales Δ vs previous year Avg. price Δ vs previous year
deC. 2015 18 -33% $6,035,641 +61%
deC. 2014 27 +286% $3,753,852 +84%
deC. 2010 7 +17% $2,041,000 +11%
deC. 2007 6 baseline $1,839,167 baseline
ytd 2015 286 +26% $3,977,613 +22%
0
1
2
3
4
5
6
7
8
12© Westside estate Agency
avg. PriCe Per TransaCTion
number of sales
number of sales
number of sales
December 2015
December 2007
H H H H H H H H H
avg. PriCe Per TransaCTion
1,436,389$
H H H H
avg. PriCe Per TransaCTion
915,750$
+125% sales
December 2015 vs 2007
+57% PriCe
Pr
ice
in
mil
lio
ns
90025
2007 2010 2014 2015
2007 2010 2014 2015
deC.
deC.
date sales Δ vs previous year Avg. price Δ vs previous year
deC. 2015 9 +80% $1,436,389 +8%
deC. 2014 5 +25% $1,328,100 +16%
deC. 2010 4 0% $1,143,125 +25%
deC. 2007 4 baseline $915,750 baseline
ytd 2015 80 +63% $1,394,007 +7%
0.0
0.3
0.6
0.9
1.2
1.5
13© Westside estate Agency
avg. PriCe Per TransaCTion
number of sales
number of sales
number of sales
December 2015
December 2007
H H H H H H H H
avg. PriCe Per TransaCTion
3,710,875$
avg. PriCe Per TransaCTion
4,219,300
+60% sales
December 2015 vs 2007
-12% PriCe
Pr
ice
in
mil
lio
ns
90402
2007 2010 2014 2015
2007 2010 2014 2015
deC.
deC.
date sales Δ vs previous year Avg. price Δ vs previous year
deC. 2015 8 -27% $3,710,875 +16%
deC. 2014 11 +83% $3,206,364 +26%
deC. 2010 6 +20% $2,542,083 -40%
deC. 2007 5 baseline $4,219,300 baseline
ytd 2015 98 +18% $4,194,526 +11%
H H H H H
$
0
1
2
3
4
5
14© Westside estate Agency
avg. PriCe Per TransaCTion
number of sales
number of sales
December 2015
December 2007
H H H H H
avg. PriCe Per TransaCTion
2,229,000$
December 2015 vs 2007
Pr
ice
in
mil
lio
ns
90005
2007 2010 2014 2015
2007 2010 2014 2015
number of sales
avg. PriCe Per TransaCTion
not Avail.
+/-0 sales +/-0% PriCe
deC.
deC.
date sales Δ vs previous year Avg. price Δ vs previous year
deC. 2015 5 +400% $2,229,000 +78%
deC. 2014 1 0% $1,250,000 +9%
deC. 2010 1 0% $1,150,000 0%
deC. 2007 0 baseline n/A baseline
ytd 2015 46 +77% $2,113,630 +43%
0.0
0.5
1.0
1.5
2.0
2.5
15© Westside estate Agency
avg. PriCe Per TransaCTion
number of sales
number of sales
number of sales
December 2015
December 2007
H H H H H H H H H H H HH H H H
avg. PriCe Per TransaCTion
1,602,768$
H H H H
avg. PriCe Per TransaCTion
1,422,500$
+300% sales
December 2015 vs 2007
+13% PriCe
Pr
ice
in
mil
lio
ns
90027
2007 2010 2014 2015
2007 2010 2014 2015
deC.
deC.
date sales Δ vs previous year Avg. price Δ vs previous year
deC. 2015 16 +14% $1,602,768 +24%
deC. 2014 14 +56% $1,293,143 +10%
deC. 2010 9 +125% $1,177,722 -17%
deC. 2007 4 baseline $1,422,500 baseline
ytd 2015 188 +36% $1,600,496 +1%
0.0
0.5
1.0
1.5
2.0
16© Westside estate Agency
avg. PriCe Per TransaCTion
number of sales
number of sales
number of sales
December 2015
December 2007
H H H H H H H H H H H HH H H H H H H
avg. PriCe Per TransaCTion
1,297,789$
H H H H H H H
avg. PriCe Per TransaCTion
1,165,000$
+171% sales
December 2015 vs 2007
+11% PriCe
Pr
ice
in
mil
lio
ns
90064
2007 2010 2014 2015
2007 2010 2014 2015
deC.
deC.
date sales Δ vs previous year Avg. price Δ vs previous year
deC. 2015 19 +6% $1,297,789 -9%
deC. 2014 18 +100% $1,419,278 +16%
deC. 2010 9 +29% $1,227,278 +5%
deC. 2007 7 baseline $1,165,000 baseline
ytd 2015 196 +9% $1,457,761 +5%
0.0
0.3
0.6
0.9
1.2
1.5
17© Westside estate Agency
avg. PriCe Per TransaCTion
number of sales
number of sales
number of sales
December 2015
December 2007
H H H H H H H H H H H HH H H H H
avg. PriCe Per TransaCTion
1,776,206$
H H
avg. PriCe Per TransaCTion
957,500$
+750% sales
December 2015 vs 2007
+86% PriCe
Pr
ice
in
mil
lio
ns
90291
2007 2010 2014 2015
2007 2010 2014 2015
deC.
deC.
date sales Δ vs previous year Avg. price Δ vs previous year
deC. 2015 17 0% $1,776,206 -8%
deC. 2014 17 +42% $1,931,735 +96%
deC. 2010 12 +500% $985,667 +3%
deC. 2007 2 baseline $957,500 baseline
ytd 2015 193 +18% $1,971,158 +9%
0.0
0.5
1.0
1.5
2.0
18© Westside estate Agency
avg. PriCe Per TransaCTion
number of sales
number of sales
number of sales
December 2015
December 2007
avg. PriCe Per TransaCTion
avg. PriCe Per TransaCTion
December 2015 vs 2007
Pr
ice
in
mil
lio
ns
90292
2007 2010 2014 2015
2007 2010 2014 2015 n/a sales n/a PriCe
H H
2,700,000$
not Avail.
deC.
deC.
date sales Δ vs previous year Avg. price Δ vs previous year
deC. 2015 2 +100% $2,700,000 +145%
deC. 2014 1 -67% $1,100,000 +13%
deC. 2010 3 0% $970,000 0%
deC. 2007 0 baseline 0 baseline
ytd 2015 37 +9% $2,361,838 +21%
0.0
0.5
1.0
1.5
2.0
2.5
3.0
19
miAmi mArket view
Metro MiaMi overview
date sales Δ vs previous year Avg. price Δ vs previous year
deC. 2015 131 -25% $2,650,426 +11%
deC. 2014 175 +37% $2,382,631 +19%
deC. 2010 128 +75% $2,000,777 -3%
deC. 2007 73 baseline $2,062,566 baseline
ytd 2015 2041 -7% $2,322,669 +4%
avg. PriCe Per TransaCTion
number of sales
number of sales
number of sales
December 2015
December 2007
H H H H H H H
avg. PriCe Per TransaCTion
2,650,426$
H H H H
avg. PriCe Per TransaCTion
2,062,566$
+79% sales
December 2015 vs 2007
+29% PriCe
Pr
ice
in
mil
lio
ns
2007 2010 2014 2015
2007 2010 2014 2015
H = 20
deC.
deC.
H = 20
0.0
0.5
1.0
1.5
2.0
2.5
3.0
20
2007 2010 2014
zip Code sales Average price sales Δ vs ‘07 Average price Δ vs ‘07 sales Δ vs ‘10
90210 87 $4,810,202 126 45% $4,845,019 1% 237 88%
90211 10 $1,710,502 21 110% $1,507,619 -12% 30 43%
90069 49 $2,533,031 49 0% $2,028,745 -20% 124 153%
90077 49 $3,949,066 53 8% $2,323,236 -41% 96 81%
90046 79 $1,641,999 108 37% $1,019,935 -38% 247 129%
90265 78 $5,097,538 84 8% $4,158,030 -18% 187 123%
90272 93 $3,110,462 136 46% $2,321,535 -25% 251 85%
90024 24 $2,141,292 42 75% $2,456,643 15% 76 81%
90049 84 $3,150,065 130 55% $2,237,075 -29% 227 75%
90025 25 $1,164,780 31 24% $993,871 -15% 49 58%
90402 34 $3,392,338 59 74% $2,562,458 -24% 83 41%
90005 9 $1,744,889 16 78% $925,000 -47% 26 63%
90027 57 $1,320,152 55 -4% $1,035,845 -22% 138 151%
90064 94 $1,304,085 98 4% $1,134,505 -13% 179 83%
90291 51 $1,309,002 87 71% $1,051,897 -20% 163 87%
90292 12 $1,604,375 17 42% $1,498,000 -7% 34 100%
miami 1221 $2,009,454 1021 -16% $1,943,518 -3% 2197 115%
21
Year to Date saLes of properties of $1M or MoreYear to Date saLes of properties of $1M or More
2014 2015 Δ 2007 vs 2015
Average price Δ vs ‘10 sales Δ vs ‘14 Average price Δ vs ‘14 sales Average price
$5,682,089 17% 304 28% $6,291,744 11% 249% 31%
$1,745,950 16% 39 30% $2,155,090 23% 290% 26%
$3,654,863 80% 159 28% $3,571,060 -2% 224% 41%
$6,448,880 178% 129 34% $5,666,098 -12% 163% 43%
$1,774,175 74% 329 33% $1,762,435 -1% 316% 7%
$3,783,073 -9% 233 25% $4,571,121 21% 199% -10%
$3,303,614 42% 277 10% $3,575,797 8% 198% 15%
$4,441,384 81% 74 -3% $2,908,257 -35% 208% 36%
$3,253,283 45% 286 26% $3,977,613 22% 240% 26%
$1,307,541 32% 80 63% $1,394,007 7% 220% 20%
$3,793,436 48% 98 18% $4,194,526 11% 188% 24%
$1,478,481 60% 46 77% $2,113,630 43% 411% 21%
$1,577,839 52% 188 36% $1,600,496 1% 230% 21%
$1,394,691 23% 196 9% $1,457,761 5% 109% 12%
$1,809,325 72% 193 18% $1,971,158 9% 278% 51%
$1,954,062 30% 37 9% $2,361,838 21% 208% 47%
$2,232,913 15% 2041 -7% $2,322,669 4% 67% 16%
22
welcome to 2016
Here we go. we are beginning another new year with grand expectations for a continued strengthening of our real estate market. in looking at our micro report, you can see by your zip code how your area did this year compared to 2014 and also compared to what many considered to be the high water mark of 2007. it is clear that in virtually every community, we are well ahead of 2007 in price, but for me, the biggest surprise is the massive increase in the number of transactions. there has been a sharp increase.
now, let’s look at the 20+m market in 2015. in los Angeles, there were 34 sales at 20m or more, as well as 6 in that category in malibu. many of us wonder where these buyers, who plunked down for these big-ticket items, came from. Here are those numbers…
los Angeles: 27 Americans - 79%4 chinese - 12%2 from the Uk or european countries - 6%1 russian - 3%
malibu:6 Americans – 100%
in adding malibu to the los Angeles numbers, Americans accounted for 82.5% of home sales at 20m or more. since these are statistics, i’ll let you draw your own conclusions as to not only the strength of our market but also where our market comes from.
wishing a happy, healthy and prosperous new year to all.
stephen shapiroCo-Founder, Westside Estate Agency
a message from Weacompare los Angeles real estate brokerages
23
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 cutting-edge of inDecation, 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 in-house
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.
suCCess Built on superior mArket knoWledge. And understAnding our Clients.
24
Beverly Hills office
Westside estate Agency210 north Canon drive Beverly Hills, CA 90210
tel: (310) 247-7770salesBH@WeAhomes.com
malibu office
Westside estate Agency23410 Civic Center Way malibu, CA 90265
tel: (310) 456-1171salesmalibu@WeAhomes.com
Contact us
miami office
Westside estate Agency 2100 ponce de leon Blvd 7th floorCoral gables, fl 33134
tel: (305) 447-1471salesmiami@WeAhomes.com
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