QUARTERLY LOS ANGELES REAL ESTATE MARKET REPORT R W I … · 4/10/2019 · staircase illuminated by stunning skylights, the home opens into the state-of-the-art chef’s kitchen

23 24 29Stats onStacks Q1

Tacos &Tequila

Honors &Highlights

A look at Smith & Berg Partners’ success for Q1 2019

Highlights fromQ1 2019

Gold stars received in Q1 2019

F. RON SMITH | DAVID BERG NATHAN STADLER | SEWIT ESHETU | TREVOR EDMOND RICK TORRES | ROBERT MORTON | BRANDON SMITH

Q 12019

REAL ESTATE MARKET REPORT WE

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QUARTERLY LOS ANGELES

SMITH & BERG PARTNERS | 2019 QUARTERLY REPORT2019 QUARTERLY REPORT | SMITH & BERG PARTNERS 3 2

Meet Our Team

11740 San Vicente Blvd Suite 203Los Angeles, CA 90049

Address

Website

F. RONSMITH

DAVIDBERG

NATHANSTADLER

COURTNEYWELSH

TREVOREDMOND

YVETTELOPEZ

ROBERTMORTON

SEWITESHETU

RICKTORRES

BRANDON SMITH

HANNAHPILKINGTON

A leading Westside team atsmithandberg.com

http://smithandberg.com/

SMITH & BERG PARTNERS | 2019 QUARTERLY REPORT 5

TABLE OFCONTENTS

08 23

24 29

FeaturedNeighborhoods

Stats onStacks Q4

Tacos &Tequila

Honors &Highlights

Westwood 08

Brentwood 10

Beverly Hills 12

Cheviot Hills 14

Pacific Palisades 16

Santa Monica 18

Bel Air 20

59 open houses held, 26 homes sold. Check out our epic stats on stack.

Real estate trends, L.A. happenings, tacos, tequila and all sorts of goodness—on the blog now.

Gold stars all around.


Q1 2019LOS ANGELES SALESBY TOP 7 MARKETS:SINGLE FAMILY RESIDENCES,AVERAGE SOLD PRICE

BRENTWOOD

$4,009,353

SANTA MONICA

$2,482,323

CHEVIOT HILLS

$2,433,000

PACIFICPALISADES

$3,941,621

BEL AIR

$6,979,450

WESTWOOD

$2,097,890

BEVERLY HILLS

$7,015,825


Total properties sold

Average price (sold)

Average priceper square foot (sold)

Average dayson market (sold)

Average sold price/list price %

Total propertiesfor sale (at end of period)

Average price ofproperties for sale

16

$2,097,890

$860

96

96%

53

$2,175,805

33

$2,481,440

$927

74

98%

65

$2,511,517

-51.5%

-15.5%

-7.2%

+29.7%

-2.0%

-18.5%

-13.4%

First Quarter 2019: Westwood Market

Jan - Mar 2019 Jan - Mar 2018 % Change

TOTALPROPERTIES SOLD

JAN - MAR 2019

-51.5% DOWN FROMJAN - MAR 2018

16

PROPERTIESFOR SALE

JAN - MAR 2019


53

AVERAGESELLING PRICE

JAN - MAR 2019


$2,097,890

AVERAGEFOR SALE PRICE

JAN - MAR 2019


$2,175,805

Featured Home10655 Rochester Avenue, Westwood

Set in the coveted neighborhood of Westwood, this five-bedroom estate enjoys an airy open floor plan replete with hardwood floors and elegant contemporary finishes throughout. Through the foyer, numerous bright windows fill the large living room and formal dining area with abundant natural light. Flowing beyond a grand, upward staircase illuminated by stunning skylights, the home opens into the state-of-the-art chef’s kitchen complete with a gorgeous kitchen island, top-tier appliances and an adjoining dining area. Here, an adjacent living space features a fireplace, bar area and French glass doors that open to the home’s outdoor oasis. A true haven to revel in Los Angeles sunshine, the lush backyard area enjoys a shaded lounge with a TV, fireplace and heaters as well as a pool, spa and groomed lawn space ideal for entertaining. Upstairs, the second-floor features three en suite bedrooms and a master suite complete with beautiful vaulted ceilings, dual closets, a spa-like bath and its own balcony.

WESTWOOD



JAN - MAR 2019


42

PROPERTIESFOR SALE

JAN - MAR 2019


112


JAN - MAR 2019


$4,009,353


JAN - MAR 2019


$4,207,939








42

$4,009,353

$980

113

95%

112

$4,207,939

57

$4,440,925

$1,020

109

92%

122

$4,801,346

-26.3%

-9.7%

-3.9%

+3.7%

+3.3%

-8.2%

-12.4%

First Quarter 2019: Brentwood Market


Featured Home1116 South Carmelina Avenue, Brentwood

This brand new Modern Traditional masterpiece exudes casual yet refined sophistication in a prime Brentwood locale. Through the two-story foyer, an open floor plan abounds throughout, commencing in the home office with a grand fireplace and patio, flowing onward into the adjacent dining and living rooms, both inundated with a wealth of natural light. Just beyond lies the expansive great room and fireplace, replete with white oak floors, and state-of-the-art chef’s kitchen, featuring top-tier appliances and designer finishes. Here, floor-to-ceiling glass sliding doors open to a large covered patio, backyard and pool. The home features six bedrooms, including the luxe master retreat with its own living space, fireplace, patio and remarkable spa-like bath with dual toilets and sinks, ample closet space and custom tile designs. Complete with all the luxuries one desires, this Brentwood abode sets a new benchmark for simultaneously elegant and laid-back California living.

BRENTWOOD



JAN - MAR 2019


32

PROPERTIESFOR SALE

JAN - MAR 2019


170


JAN - MAR 2019

+30.2% UP FROMJAN - MAR 2018

$7,015,825


JAN - MAR 2019


$7,863,049








32

$7,015,825

$1,213

130

90%

170

$7,863,049

64

$5,390,071

$1,230

120

93%

172

$5,759,410

-50.0%

+30.2%

-1.4%

+8.3%

-3.2%

-1.2%

+36.5%

First Quarter 2019: Beverly Hills Market


Featured Home325 South Linden Drive, Beverly Hills

Welcome to a real estate trifecta: a unique opportunity, tremendous potential and a desirable Beverly Hills location. This jewel offers a great opportunity to move into the existing home, remodel to your liking or build your dream estate. The existing home is a quaint and charming Traditional with hardwood floors throughout. The lot is 6,375 square feet with mature landscaping, a pool and offers the possibility to expand the second story with an addition.

BEVERLY HILLS



JAN - MAR 2019


9

PROPERTIESFOR SALE

JAN - MAR 2019


27


JAN - MAR 2019


$2,433,000


JAN - MAR 2019


$2,473,416








9

$2,433,000

$836

74

98%

27

$2,473,416

16

$1,911,333

$946

76

101%

26

$1,890,416

-43.8%

+27.3%

-11.6%

-2.6%

-3.0%

+3.8%

+30.8%

First Quarter 2019: Chevoit Hills Market


Featured Home3234 Woodbine Street, Los Angeles Represented Buyers

A unique blend of traditional and contemporary design, this custom home is located within the prestigious Cheviot Hills Country Club Estates. The gourmet chef’s kitchen offers Wolf appliances, side-by-side Sub-Zero freezer and fridge, an abundance of cabinet space and an oversized center island overlooking the family room with a fireplace. Additional amenities include surround sound, Nest and a temperature-controlled wine chiller. The stunning master suite upstairs boasts soaring ceilings, fireplace, ample closet space with built-ins and a luxurious master bath accentuated by marble vanities, soaking tub and a massive shower. Entertain in the grand formal living room with accordion style doors opening to the backyard, offering the perfect indoor/outdoor lifestyle. Host unforgettable pool parties with a sparkling pool and spa with water features, loge with surround sound, a built-in barbecue and yard ideal for dining al fresco.

CHEVIOT HILLS









23

$3,941,621

$1,296

106

97%

87

$4,049,795

44

$4,084,156

$1,234

93

98%

92

$4,148,007

-47.7%

-3.5%

+5.0%

+14.0%

-1.0%

-5.4%

-2.4%

First Quarter 2019: Pacific Palisades Market



JAN - MAR 2019


23

PROPERTIESFOR SALE

JAN - MAR 2019


87


JAN - MAR 2019


$3,941,621


JAN - MAR 2019


$4,049,795

Featured Home781 Ranch Lane,Pacific Palisades

Nestled within Rustic Canyon, this home boasts architectural and territorial superiority on a coveted double lot. Contemporary yet tastefully rustic in design, the home offers an expansive floor plan that commences amongst the great room, featuring a vaulted wood beam ceiling, adjacent dining area and encompassing glass French doors, and thus flows into the state-of-the-art kitchen and large living room. Beyond the interior lies an incredibly verdant oasis, complete with a large patio, built-in barbecue and bar, multiple lounge areas, a serene stone pool, infinity spa and a far-reaching yard, embraced by mature trees for a retreat where both relaxing and entertaining are made simple. Secluded yet set within a prime Pacific Palisades locale, this home epitomizes naturally modern California living.

PACIFICPALISADES



JAN - MAR 2019


25

PROPERTIESFOR SALE

JAN - MAR 2019


73


JAN - MAR 2019


$2,482,323


JAN - MAR 2019


$2,584,781








25

$2,482,323

$1,208

96

96%

73

$2,584,781

38

$3,001,887

$1,190

75

99%

90

$3,035,419

-34.2%

-17.3%

+1.5%

+28.0%

-3.0%

-18.9%

-14.8%

First Quarter 2019: Santa Monica Market


Featured Home1705 Ocean Avenue #206, Santa Monica

Experience Ocean Avenue living at its best. Close to Santa Monica beach pier, this one bedroom condominium was built by award-winning developer Related in conjunction with renowned architect Marmol Radziner. It provides a secure setting and clean elements of beach living with all the benefits of a cosmopolitan background. The kitchen has quartzite counters, oak cabinetry and Thermador stainless steel appliances. The master provides ocean breezes and views, in addition to a walk-in closet and spacious, therapeutic master bath. There is a 24/7 concierge, a storage locker, two-car underground parking and fully equipped fitness center. Entertain in the Residents-only Skybridge Lounge with a gourmet kitchen, fireplace and barbecue. The international neighborhood offers access to incredible restaurants, shops, Tongva Park and the beach.

SANTA MONICA









20

$6,979,450

$783

150

89%

96

$8,175,924

30

$5,576,520

$1,013

148

93%

94

$6,034,701

-33.3%

+25.2%

-22.7%

+1.4%

-4.3%

+2.1%

+35.5%

First Quarter 2019: Bel Air Market




JAN - MAR 2019


20

PROPERTIESFOR SALE

JAN - MAR 2019


96


JAN - MAR 2019

$6,979,450


JAN - MAR 2019


$8,175,924

Featured Home2066 Roscomare Road, Bel Air

Perched in the hills of Bel Air, this three bedroom estate is situated up from the street and tucked away amid lush landscape. Featuring a beautifully open, airy layout accented with abundant natural light, the home opens to a living room complete with vaulted ceilings, hardwood floors and fireplace. Here, glass sliding doors open to a large, sunny patio ideal for barbecues, entertaining and soaking in the fresh air. Adjoining the living room, the bright kitchen offers large windows that flaunt views of the surrounding greenery and leads to a washer and dryer as well as an additional glass door to the outdoor sanctuary. Flowing from the living space, a hallway leads to three bedrooms—including the master suite—as well as a full bath. The master bedroom affords a full bath, spacious closet and large windows that welcome generous daylight.

BEL AIR

2019 QUARTERLY REPORT | SMITH & BERG PARTNERS 22


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To read full stories visit blog here.

8 LA Restaurants Worth Getting in the Car For

Take a bite out of SBP’s ultimatefoodie guide.


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2/5/20196 Winter Getaways for Adventurous Angelenos

SBP’s 6 fave escapes that take you from LA to the slopes in no time.


Tacos &Tequila

When the Smith & Berg Partners team combines tacos and tequila (collectively our two favorite things) there’s an outpour of ideas both prolific and nonsensical. This is where the blog comes in. Here, you can read up on what’s catching our interest as of late—whether that be epic new developments in L.A. or the best sushi spots in town—and join the cult-favorite Tacos & Tequila train. Stay tuned because there’s definitely more where that came from.

1/8/2019

To read full stories visit:smithandberg.com/tacos-tequila

http://smithandberg.com/tacos-tequila/2019/01/22/how-to-raise-your-home-decor-game-in-2019-2/

http://smithandberg.com/tacos-tequila/2019/02/05/8-la-restaurants-worth-getting-in-the-car-for/

http://smithandberg.com/tacos-tequila/2019/01/08/hello-world/

http://smithandberg.com/tacos-tequila/


SBP’s Top 4 Travel Destinations in the U.S.for 2019

Hit the road and experience the best of America.

To read full stories visitblog here.

SBP’s 10 Favorite Home Products You Can Buyon Amazon Right Now

Have the prime of your life.

To read full stories visitblog here.

2/12/2019

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The SBP Method of Tidying Up

6 Music Festivals to Get Groovy at This Spring

Take the plunge and purge.


Make room for some good vibes.


2/25/2019

3/18/2019

http://smithandberg.com/tacos-tequila/2019/03/26/sbps-top-4-travel-destinations-in-the-u-s-for-2019/

http://smithandberg.com/tacos-tequila/2019/02/12/10-favorite-home-products-you-can-buy-on-amazon-right-now/

http://smithandberg.com/tacos-tequila/2019/02/25/the-sbp-method-of-tidying-up/

http://smithandberg.com/tacos-tequila/2019/03/18/6-music-festivals-to-get-groovy-at-this-spring/


HONORS & HIGHLIGHTS

2019• 2019 Variety Magazine Showbiz Real Estate Elite

• Top 1% Compass California

• REAL Trends & Wall Street Journal’s Top 250 in the Nation

• Ranked as one of America’s Best Real Estate Teams by REAL Trends

• The Real Deal’s 2019 Top Selling Luxury Real Estate Agents

smithandberg.com A leading Westside team at

http://smithandberg.com/

QUARTERLY LOS ANGELES REAL ESTATE MARKET REPORT R W I … · 4/10/2019 · staircase illuminated by stunning skylights, the home opens into the state-of-the-art chef’s kitchen

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