wea micro market report - june 2016

1

Micro Market reportLos angeLes & MiaMi

issue #16 07/15/16 for 06/15/16 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 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

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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4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

22

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3© Westside estate Agency

date sales Δ vs previous year Avg. price Δ vs previous year

Jun 2016 25 -7% $7,480,340 +7%

Jun 2015 27 +125% $7,018,352 +31%

Jun 2014 12 0% $5,359,833 +6%

Jun 2010 12 +50% $5,044,841 +14%

Jun 2007 8 baseline $4,427,068 baseline

ytd 2016 141 +4% $5,858,851 -14%

avg. PriCe Per TransaCTion

number of sales

number of sales

number of sales

June 2016

June 2007

H H H H H H H H H H H H H H H H H H H H H H H H H avg. PriCe Per TransaCTion

7,480,340$

H H H H H H H H


4,427,068$

+213% sales

June 2016 vs 2007

+69% PriCe

Pr

ice

in

mil

lio

ns

90210

2007 2010 2014 2015 2016Jun

Jun 2007 2010 2014 2015 2016

0

1

2

3

4

5

6

7

8



number of sales

number of sales

number of sales

June 2016

June 2007


June 2016 vs 2007

Pr

ice

in

mil

lio

ns

90211


not Avail.

+/-0% sales +/-0% PriCe

Jun

Jun


Jun 2016 3 -40% $2,616,667 +13%

Jun 2015 5 +150% $2,321,600 +74%

Jun 2014 2 -50% $1,337,500 -12%

Jun 2010 4 n/A $1,516,750 n/A

Jun 2007 0 baseline n/A baseline

ytd 2016 13 -24% $2,202,346 -4%

2007 2010 2014 2015 2016

2007 2010 2014 2015 2016

$2,616,667

H H H

0.0

0.5

1.0

1.5

2.0

2.5

3.0



number of sales

number of sales

number of sales

June 2016

June 2007

H H H H H H H H H


4,022,278$


2,410,000

+350% sales

June 2016 vs 2007

+67% PriCe

Pr

ice

in

mil

lio

ns

90069

Jun

Jun


Jun 2016 9 -31% $4,022,278 -25%

Jun 2015 13 0% $5,373,462 48%

Jun 2014 13 225% $3,628,692 164%

Jun 2010 4 100% $1,376,000 -43%


ytd 2016 78 +5% $4,071,990 +3%

$

H H

2007 2010 2014 2015 2016

2007 2010 2014 2015 2016

0

1

2

3

4

5

6



number of sales

number of sales

number of sales

June 2016

June 2007

H H H H H H H H H


7,038,278$

H H H H H


8,571,620

+80% sales

June 2016 vs 2007

-18% PriCe

Pr

ice

in

mil

lio

ns

90077

Jun

Jun


Jun 2016 9 -47% $7,038,278 -24%

Jun 2015 17 +113% $9,203,382 -24%

Jun 2014 8 +60% $12,155,000 +782%

Jun 2010 5 0% $1,378,800 -84%


ytd 2016 56 -8% $5,393,366 -28%

2007 2010 2014 2015 2016

2007 2010 2014 2015 2016

$

0

3

6

9

12

15



number of sales

number of sales

number of sales

June 2016

June 2007

H H H H H H H H H H H H H H H H H H H


1,623,947$

H H H H H H H H


1,812,500$

+138% sales

June 2016 vs 2007

-10% PriCe

Pr

ice

in

mil

lio

ns

90046

Jun

Jun


Jun 2016 19 -51% $1,623,947 0%

Jun 2015 39 +105% $1,620,555 -11%

Jun 2014 19 +58% $1,810,947 +62%

Jun 2010 12 +50% $1,119,417 -38%


ytd 2016 148 +4% $1,747,188 -6%

2007 2010 2014 2015 2016

2007 2010 2014 2015 2016

0.0

0.5

1.0

1.5

2.0



number of sales

number of sales

number of sales

June 2016

June 2007

H H H H H H H H H H H H H H H H H


4,066,471$


5,755,583

+183% sales

June 2016 vs 2007

-29% PriCe

Pr

ice

in

mil

lio

ns

90265

Jun

Jun

$

H H H H H H


Jun 2016 17 -15% $4,066,471 -22%

Jun 2015 20 +33% $5,205,100 +120%

Jun 2014 15 +50% $2,364,833 -41%

Jun 2010 10 +67% $4,038,700 -30%


ytd 2016 114 6% $4,573,188 -11%

2007 2010 2014 2015 2016

2007 2010 2014 2015 2016

0

1

2

3

4

5

6



number of sales

number of sales

number of sales

June 2016

June 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


3,240,494$

H H H H H H H H H H H H H


3,651,731$

+146% sales

June 2016 vs 2007

-11% PriCe

Pr

ice

in

mil

lio

ns

90272

Jun

Jun


Jun 2016 32 +10% $3,240,494 +6%

Jun 2015 29 +26% $3,048,879 +7%

Jun 2014 23 +77% $2,841,087 +74%

Jun 2010 13 0% $1,632,846 -55%


ytd 2016 136 +2% $3,312,160 -8%

2007 2010 2014 2015 2016

2007 2010 2014 2015 2016

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

June 2016

June 2007

H H H H H H H H H H H H


3,955,974$


2,474,333

+300% sales

June 2016 vs 2007

+60% PriCe

Pr

ice

in

mil

lio

ns

90024

Jun

Jun

H H H

$


Jun 2016 12 +300% $3,955,974 +43%

Jun 2015 3 -25% $2,768,333 +77%

Jun 2014 4 0% $1,562,250 -12%

Jun 2010 4 33% $1,766,000 -29%


ytd 2016 53 +83% $3,200,589 +13%

2007 2010 2014 2015 2016

2007 2010 2014 2015 2016

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

June 2016

June 2007

H H H H H H H H H H H HH H H H H H H H H H


3,740,364$


3,626,000

+144% sales

June 2016 vs 2007

+3% PriCe

Pr

ice

in

mil

lio

ns

90049

Jun

Jun


Jun 2016 22 -15% $3,740,364 +6%

Jun 2015 26 -13% $3,544,254 +4%

Jun 2014 30 +67% $3,414,683 +58%

Jun 2010 18 +100% $2,165,833 -40%


ytd 2016 135 +3% $3,513,592 -9%

2007 2010 2014 2015 2016

2007 2010 2014 2015 2016

H H H H H H H H 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

June 2016

June 2007

H H


1,124,500$


1,432,500

+200% sales

June 2016 vs 2007

+27% PriCe

Pr

ice

in

mil

lio

ns

90025

Jun

Jun


Jun 2016 6 +50% $1,432,500 -30%

Jun 2015 4 100% $2,057,875 +61%

Jun 2014 2 -67% $1,275,000 +23%

Jun 2010 6 +200% $1,040,667 -7%


ytd 2016 41 +32% $1,405,500 +2%

2007 2010 2014 2015 2016

2007 2010 2014 2015 2016

H H H H H H

$

0.0

0.5

1.0

1.5

2.0

2.5



number of sales

number of sales

number of sales

June 2016

June 2007

H H H H H H H H


5,068,750$


2,657,143

+14% sales

June 2016 vs 2007

+91% PriCe

Pr

ice

in

mil

lio

ns

90402

Jun

Jun

H H H H H H H


Jun 2016 8 +60% $5,068,750 +69%

Jun 2015 5 -17% $2,991,500 -24%

Jun 2014 6 -14% $3,916,333 +52%

Jun 2010 7 0% $2,576,071 -3%


ytd 2016 53 +43% $4,548,698 +13%

2007 2010 2014 2015 2016

2007 2010 2014 2015 2016

$

0

1

2

3

4

5

6



number of sales

number of sales

June 2016

June 2007

H H H


1,156,667$

June 2016 vs 2007

Pr

ice

in

mil

lio

ns

90005

number of sales



Jun

Jun

not Avail.


Jun 2016 3 +50% $1,156,667 -72%

Jun 2015 2 -33% $4,150,000 +277%

Jun 2014 3 n/A $1,101,333 n/A

Jun 2010 0 n/A n/A n/A


ytd 2016 19 -5% $1,708,220 -23%

2007 2010 2014 2015 2016

2007 2010 2014 2015 2016

0

1

2

3

4

5



number of sales

number of sales

number of sales

June 2016

June 2007



1,432,625$

H H H H


1,227,159$

+200% sales

June 2016 vs 2007

+17% PriCe

Pr

ice

in

mil

lio

ns

90027

Jun

Jun


Jun 2016 12 -14% $1,432,625 -29%

Jun 2015 14 -22% $2,018,821 +27%

Jun 2014 18 +500% $1,593,917 +46%

Jun 2010 3 -25% $1,089,333 -11%


ytd 2016 86 +19% $1,634,715 +5%

2007 2010 2014 2015 2016

2007 2010 2014 2015 2016

0.0

0.5

1.0

1.5

2.0

2.5



number of sales

number of sales

number of sales

June 2016

June 2007

H H H H H H H H H H H H H H H H H H H H H H H H H


1,477,772$

H H H H H H H


1,521,714$

+229% sales

June 2016 vs 2007

-3% PriCe

Pr

ice

in

mil

lio

ns

90064

Jun

Jun


Jun 2016 23 +44% $1,477,772 +4%

Jun 2015 16 -38% $1,427,619 -10%

Jun 2014 26 +136% $1,594,346 +69%

Jun 2010 11 +57% $942,182 -38%


ytd 2016 107 +47% $1,688,894 +16%

2007 2010 2014 2015 2016

2007 2010 2014 2015 2016

0.0

0.5

1.0

1.5

2.0



number of sales

number of sales

number of sales

June 2016

June 2007



2,304,125$

H H H H H H H


1,025,643$

+71% sales

June 2016 vs 2007

+125% PriCe

Pr

ice

in

mil

lio

ns

90291

Jun

Jun


Jun 2016 12 -50% $2,304,125 +19%

Jun 2015 24 +14% $1,942,458 -5%

Jun 2014 21 +133% $2,050,253 +149%

Jun 2010 9 +29% $822,056 -20%


ytd 2016 89 +2% $1,901,872 +1%

2007 2010 2014 2015 2016

2007 2010 2014 2015 2016

0.0

0.5

1.0

1.5

2.0

2.5



number of sales

number of sales

number of sales

June 2016

June 2007



June 2016 vs 2007

Pr

ice

in

mil

lio

ns

90292


H H

2,037,500$

not Avail.

Jun

Jun


Jun 2016 2 n/A $2,037,500 n/A

Jun 2015 0 -100% n/A -100%

Jun 2014 4 33% $2,550,275 54%

Jun 2010 3 n/A $1,658,333 n/A


ytd 2016 18 +20% $2,140,472 -10%

2007 2010 2014 2015 2016

2007 2010 2014 2015 2016

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

19

miAmi mArket view

Metro MiaMi overviewavg. PriCe Per TransaCTion

number of sales

number of sales

number of sales

June 2016

June 2007

H H H H H H H H


2,1462,765$

H H H H H H H


1,907,100$

+29% sales

June 2016 vs 2007

+29% PriCe

Pr

ice

in

mil

lio

ns

H = 20

Jun

Jun

H = 20

© Westside estate Agency


Jun 2016 157 -25% $2,462,765 +6%

Jun 2015 208 -7% $2,316,711 +14%

Jun 2014 224 +84% $2,035,285 -11%

Jun 2010 122 0% $2,276,955 +19%


ytd 2016 922 -19% $2,332,325 +1%

2007 2010 2014 2015 2016

2007 2010 2014 2015 2016

0.0

0.5

1.0

1.5

2.0

2.5

20

2007 2010 2014

Year to Date saLes of properties of $1M or More

zip Code sales Average price sales Δ vs ‘07 Average price Δ vs ‘07 sales Δ vs ‘10 Average price Δ vs ‘10

90210 42 $4,912,692 56 33% $4,512,171 -8% 110 96% $5,370,368 19%

90211 5 $1,685,000 8 60% $1,584,875 -6% 14 75% $1,815,000 15%

90069 23 $2,460,391 23 0% $2,049,913 -17% 53 130% $3,731,179 82%

90077 18 $4,613,561 27 50% $1,696,889 -63% 40 48% $8,244,688 386%

90046 35 $2,105,213 53 51% $984,481 -53% 99 87% $1,742,919 77%

90265 41 $5,859,634 34 -17% $4,428,088 -24% 67 97% $3,193,418 -28%

90272 47 $3,385,638 64 36% $2,142,492 -37% 115 80% $3,499,904 63%

90024 16 $2,082,875 12 -25% $1,928,750 -7% 34 183% $5,776,578 199%

90049 41 $3,124,939 70 71% $2,155,193 -31% 87 24% $3,371,922 56%

90025 8 $1,009,625 15 88% $1,058,333 5% 18 20% $1,307,472 24%

90402 16 $2,946,375 26 63% $2,413,712 -18% 30 15% $4,227,783 75%

90005 3 $1,096,667 6 +100% $1,001,333 -9% 13 +117% $1,354,154 +35%

90027 25 $1,245,545 25 0% $1,039,020 -17% 57 128% $1,507,816 45%

90064 36 $1,205,097 43 19% $1,030,256 -15% 85 98% $1,426,574 38%

90291 29 $1,168,741 36 24% $1,012,597 -13% 73 103% $1,780,218 76%

90292 4 $1,947,000 8 100% $1,553,250 -20% 18 125% $1,996,978 29%

miami 736 $1,947,945 536 -27% $2,020,543 +4% 1187 +121% $2,256,710 +12%

21

2015 Δ 2007 vs 20162016

Year to Date saLes of properties of $1M or More

sales Δ vs ‘14 Average price Δ vs ‘14 sales Δ vs ‘15 Average price Δ vs ‘15 sales Average price

136 24% $6,794,566 27% 141 4% $5,858,851 -14% 236% 19%

17 21% $2,291,794 26% 13 -24% $2,202,346 -4% 160% 31%

74 40% $3,949,155 6% 78 5% $4,071,990 3% 239% 66%

61 53% $7,479,598 -9% 56 -8% $5,393,366 -28% 211% 17%

142 43% $1,860,642 7% 148 4% $1,747,188 -6% 323% -17%

108 61% $5,159,983 62% 114 6% $4,573,188 -11% 178% -22%

133 16% $3,616,362 3% 136 2% $3,312,160 -8% 189% -2%

29 -15% $2,842,638 -51% 53 83% $3,200,589 13% 231% 54%

131 51% $3,845,499 14% 135 3% $3,513,592 -9% 229% 12%

31 72% $1,371,792 5% 41 32% $1,405,500 2% 413% 39%

37 23% $4,038,324 -4% 53 43% $4,548,698 13% 231% 54%

20 54% $2,224,700 64% 19 -5% $1,708,220 -23% 533% 56%

72 26% $1,553,006 3% 86 19% $1,634,715 5% 244% 31%

73 -14% $1,457,677 2% 107 47% $1,688,894 16% 197% 40%

87 19% $1,880,282 6% 89 2% $1,901,872 1% 207% 63%

15 -17% $2,365,333 18% 18 20% $2,140,472 -10% 350% 10%

1144 -4% $2,314,923 +3% 922 -19% $2,332,325 +1% +55% +19%

22

Believe it or not, los AnGeles is A BArGAin

i often read reports about real estate so that weA can advise our clientele appropriately. most of the available information applies to all market segments and the nation as a whole. However, i recently came across two reports which clearly indicated that, as expensive as los Angeles seems to be, it is a bargain relative to other metropolitan areas around the country.

the most recent standard and Poor’s/case-shiller 20 city Home index states that the sale price index increased by 5.4% year-to-year in April following a 5.5% gain in march and that home values are just 9.6% below the historic peak of 2007. shrinking inventories, a healthy job market, and historically low interest rates have helped maintain strong demand. the number of total listings has decreased by 5.7% from one year ago. Additionally, home prices rose in All 20 major housing markets, with Boston, charlotte, Denver, Dallas, Portland, san Francisco and seattle reaching record highs. notice that there was no mention of los Angeles in these record increases.

the mark company tracks west coast condominium trends, and they recently reported that the average sale price of new condos measured as price per square foot is as follows: san Francisco $1303; seattle $801; los Angeles $780. the results are similar regarding the sales price of resale condos price per sq ft: san Francisco $1072; seattle $652; los Angeles $564.

Given this data, Angelenos should feel very comfortable with our place in the market. Don’t be afraid to buy.

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 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 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 - june 2016

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