wea micro market report 1/15/16 for 12/15/15 statistics

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

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4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

22

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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


5,871,450$

H H H H H H


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



number of sales

number of sales

number of sales

December 2015

December 2007

H H


1,944,000$


Pr

ice

in

mil

lio

ns

90211

2007 2010 2014 2015

2007 2010 2014 2015


$2,039,000

+100% sales -5% PriCe

deC.

deC.


deC. 2015 2 -33% $1,944,000 +22%

deC. 2014 3 0% $1,595,000 -1%

deC. 2010 3 +200% $1,608,333 -21%


ytd 2015 39 +30% $2,155,090 +23%

H

0.0

0.5

1.0

1.5

2.0

2.5



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


3,149,211$


not avail.

+/-0 sales


+/-0 PriCe

Pr

ice

in

mil

lio

ns

90069

2007 2010 2014 2015

2007 2010 2014 2015

deC.

deC.


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



number of sales

number of sales

number of sales

December 2015

December 2007

H H H H H H H H H H


6,331,300$

H H H


10,725,333$

+233% sales


-41% PriCe

Pr

ice

in

mil

lio

ns

90077

2007 2010 2014 2015

2007 2010 2014 2015

deC.

deC.


deC. 2015 10 -29% $6,331,300 +23%

deC. 2014 14 +133% $5,167,250 +147%

deC. 2010 6 +100% $2,092,333 -80%


ytd 2015 129 +34% $5,666,098 -12%

0

2

4

6

8

10

12



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


1,658,375$

+313% sales


+2% PriCe

Pr

ice

in

mil

lio

ns

90046

2007 2010 2014 2015

2007 2010 2014 2015

deC.

deC.


deC. 2015 33 +74% $1,696,974 -9%

deC. 2014 19 +58% $1,868,000 +85%

deC. 2010 12 +50% $1,007,375 -39%


ytd 2015 329 +33% $1,762,435 -1%

0.0

0.5

1.0

1.5

2.0



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


3,837,500$


4,679,000

+420% sales


-18% PriCe

Pr

ice

in

mil

lio

ns

90265

2007 2010 2014 2015

2007 2010 2014 2015

deC.

deC.


deC. 2015 26 +13% $3,837,500 +24%

deC. 2014 23 +229% $3,090,870 +57%

deC. 2010 7 +40% $1,968,071 -58%


ytd 2015 233 +25% $4,571,121 +21%

$

H H H H H

0

1

2

3

4

5



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


3,517,620$

H H H


5,400,000$

+733% sales


-35% PriCe

Pr

ice

in

mil

lio

ns

90272

2007 2010 2014 2015

2007 2010 2014 2015

deC.

deC.


deC. 2015 25 +92% $3,517,620 +36%

deC. 2014 13 +8% $2,578,724 +69%

deC. 2010 12 +300% $1,530,102 -72%


ytd 2015 277 +10% $3,575,797 +8%

0

1

2

3

4

5

6



number of sales

number of sales

number of sales

December 2015

December 2007

H H H H H H H H


3,394,125$


3,690,000

+300% sales


-8% PriCe

Pr

ice

in

mil

lio

ns

90024

2007 2010 2014 2015

2007 2010 2014 2015

deC.

deC.


deC. 2015 8 +167% $3,394,125 +72%

deC. 2014 3 -63% $1,970,167 -39%

deC. 2010 8 +300% $3,230,500 -12%


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



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


6,035,641$

H H H H H H


1,839,167$

+200% sales


+228% PriCe

Pr

ice

in

mil

lio

ns

90049

2007 2010 2014 2015

2007 2010 2014 2015

deC.

deC.


deC. 2015 18 -33% $6,035,641 +61%

deC. 2014 27 +286% $3,753,852 +84%

deC. 2010 7 +17% $2,041,000 +11%


ytd 2015 286 +26% $3,977,613 +22%

0

1

2

3

4

5

6

7

8



number of sales

number of sales

number of sales

December 2015

December 2007

H H H H H H H H H


1,436,389$

H H H H


915,750$

+125% sales


+57% PriCe

Pr

ice

in

mil

lio

ns

90025

2007 2010 2014 2015

2007 2010 2014 2015

deC.

deC.


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



number of sales

number of sales

number of sales

December 2015

December 2007

H H H H H H H H


3,710,875$


4,219,300

+60% sales


-12% PriCe

Pr

ice

in

mil

lio

ns

90402

2007 2010 2014 2015

2007 2010 2014 2015

deC.

deC.


deC. 2015 8 -27% $3,710,875 +16%

deC. 2014 11 +83% $3,206,364 +26%

deC. 2010 6 +20% $2,542,083 -40%


ytd 2015 98 +18% $4,194,526 +11%

H H H H H

$

0

1

2

3

4

5



number of sales

number of sales

December 2015

December 2007

H H H H H


2,229,000$


Pr

ice

in

mil

lio

ns

90005

2007 2010 2014 2015

2007 2010 2014 2015

number of sales


not Avail.

+/-0 sales +/-0% PriCe

deC.

deC.


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



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


1,602,768$

H H H H


1,422,500$

+300% sales


+13% PriCe

Pr

ice

in

mil

lio

ns

90027

2007 2010 2014 2015

2007 2010 2014 2015

deC.

deC.


deC. 2015 16 +14% $1,602,768 +24%

deC. 2014 14 +56% $1,293,143 +10%

deC. 2010 9 +125% $1,177,722 -17%


ytd 2015 188 +36% $1,600,496 +1%

0.0

0.5

1.0

1.5

2.0



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


1,297,789$

H H H H H H H


1,165,000$

+171% sales


+11% PriCe

Pr

ice

in

mil

lio

ns

90064

2007 2010 2014 2015

2007 2010 2014 2015

deC.

deC.


deC. 2015 19 +6% $1,297,789 -9%

deC. 2014 18 +100% $1,419,278 +16%

deC. 2010 9 +29% $1,227,278 +5%


ytd 2015 196 +9% $1,457,761 +5%

0.0

0.3

0.6

0.9

1.2

1.5



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


1,776,206$

H H


957,500$

+750% sales


+86% PriCe

Pr

ice

in

mil

lio

ns

90291

2007 2010 2014 2015

2007 2010 2014 2015

deC.

deC.


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



number of sales

number of sales

number of sales

December 2015

December 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.


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


deC. 2015 131 -25% $2,650,426 +11%

deC. 2014 175 +37% $2,382,631 +19%

deC. 2010 128 +75% $2,000,777 -3%


ytd 2015 2041 -7% $2,322,669 +4%


number of sales

number of sales

number of sales

December 2015

December 2007

H H H H H H H


2,650,426$

H H H H


2,062,566$

+79% sales


+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

http://www.weahomes.com/LABJ.pdf

http://www.weahomes.com/LABJ.pdf

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) [email protected]

malibu office

Westside estate Agency23410 Civic Center Way malibu, CA 90265


Contact us

miami office

Westside estate Agency 2100 ponce de leon Blvd 7th floorCoral gables, fl 33134


wea micro market report 1/15/16 for 12/15/15 statistics

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