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
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.
SMITH & BERG PARTNERS | 2019 QUARTERLY REPORT2019 QUARTERLY REPORT | SMITH & BERG PARTNERS 7 6
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
SMITH & BERG PARTNERS | 2019 QUARTERLY REPORT2019 QUARTERLY REPORT | SMITH & BERG PARTNERS 9 8
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
-18.5% DOWN FROMJAN - MAR 2018
53
AVERAGESELLING PRICE
JAN - MAR 2019
-15.5% DOWN FROMJAN - MAR 2018
$2,097,890
AVERAGEFOR SALE PRICE
JAN - MAR 2019
-13.4% DOWN FROMJAN - MAR 2018
$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
SMITH & BERG PARTNERS | 2019 QUARTERLY REPORT2019 QUARTERLY REPORT | SMITH & BERG PARTNERS 11 10
TOTALPROPERTIES SOLD
JAN - MAR 2019
-26.3% DOWN FROMJAN - MAR 2018
42
PROPERTIESFOR SALE
JAN - MAR 2019
-8.2% DOWN FROMJAN - MAR 2018
112
AVERAGESELLING PRICE
JAN - MAR 2019
-9.7% DOWN FROMJAN - MAR 2018
$4,009,353
AVERAGEFOR SALE PRICE
JAN - MAR 2019
-12.4% DOWN FROMJAN - MAR 2018
$4,207,939
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
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
Jan - Mar 2019 Jan - Mar 2018 % Change
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
SMITH & BERG PARTNERS | 2019 QUARTERLY REPORT2019 QUARTERLY REPORT | SMITH & BERG PARTNERS 13 12
TOTALPROPERTIES SOLD
JAN - MAR 2019
-50.0% DOWN FROMJAN - MAR 2018
32
PROPERTIESFOR SALE
JAN - MAR 2019
-1.2% DOWN FROMJAN - MAR 2018
170
AVERAGESELLING PRICE
JAN - MAR 2019
+30.2% UP FROMJAN - MAR 2018
$7,015,825
AVERAGEFOR SALE PRICE
JAN - MAR 2019
+36.5% UP FROMJAN - MAR 2018
$7,863,049
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
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
Jan - Mar 2019 Jan - Mar 2018 % Change
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
SMITH & BERG PARTNERS | 2019 QUARTERLY REPORT2019 QUARTERLY REPORT | SMITH & BERG PARTNERS 15 14
TOTALPROPERTIES SOLD
JAN - MAR 2019
-43.8% DOWN FROMJAN - MAR 2018
9
PROPERTIESFOR SALE
JAN - MAR 2019
+3.8% UP FROMJAN - MAR 2018
27
AVERAGESELLING PRICE
JAN - MAR 2019
+27.3% UP FROMJAN - MAR 2018
$2,433,000
AVERAGEFOR SALE PRICE
JAN - MAR 2019
+30.8% UP FROMJAN - MAR 2018
$2,473,416
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
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
Jan - Mar 2019 Jan - Mar 2018 % Change
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
SMITH & BERG PARTNERS | 2019 QUARTERLY REPORT2019 QUARTERLY REPORT | SMITH & BERG PARTNERS 17 16
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
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 Jan - Mar 2018 % Change
TOTALPROPERTIES SOLD
JAN - MAR 2019
-47.7% DOWN FROMJAN - MAR 2018
23
PROPERTIESFOR SALE
JAN - MAR 2019
-5.4% DOWN FROMJAN - MAR 2018
87
AVERAGESELLING PRICE
JAN - MAR 2019
-3.5% DOWN FROMJAN - MAR 2018
$3,941,621
AVERAGEFOR SALE PRICE
JAN - MAR 2019
-2.4% DOWN FROMJAN - MAR 2018
$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
SMITH & BERG PARTNERS | 2019 QUARTERLY REPORT2019 QUARTERLY REPORT | SMITH & BERG PARTNERS 19 18
TOTALPROPERTIES SOLD
JAN - MAR 2019
-34.2% DOWN FROMJAN - MAR 2018
25
PROPERTIESFOR SALE
JAN - MAR 2019
-18.9% DOWN FROMJAN - MAR 2018
73
AVERAGESELLING PRICE
JAN - MAR 2019
-17.3% DOWN FROMJAN - MAR 2018
$2,482,323
AVERAGEFOR SALE PRICE
JAN - MAR 2019
-14.8% DOWN FROMJAN - MAR 2018
$2,584,781
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
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
Jan - Mar 2019 Jan - Mar 2018 % Change
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
SMITH & BERG PARTNERS | 2019 QUARTERLY REPORT2019 QUARTERLY REPORT | SMITH & BERG PARTNERS 21 20
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
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 Jan - Mar 2018 % Change
+25.2% UP FROMJAN - MAR 2018
TOTALPROPERTIES SOLD
JAN - MAR 2019
-33.3% DOWN FROMJAN - MAR 2018
20
PROPERTIESFOR SALE
JAN - MAR 2019
+2.1% UP FROMJAN - MAR 2018
96
AVERAGESELLING PRICE
JAN - MAR 2019
$6,979,450
AVERAGEFOR SALE PRICE
JAN - MAR 2019
+35.5% UP FROMJAN - MAR 2018
$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
SMITH & BERG PARTNERS | 2019 QUARTERLY REPORT2019 QUARTERLY REPORT | SMITH & BERG PARTNERS 25 24
How to Raise Your Home Decor Game in 2019
5 easy ways to make your space POP.
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.
To read full stories visit blog here.
1/22/2019
2/5/20196 Winter Getaways for Adventurous Angelenos
SBP’s 6 fave escapes that take you from LA to the slopes in no time.
To read full stories visit blog here.
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
SMITH & BERG PARTNERS | 2019 QUARTERLY REPORT2019 QUARTERLY REPORT | SMITH & BERG PARTNERS 27 26
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
3/26/2019
The SBP Method of Tidying Up
6 Music Festivals to Get Groovy at This Spring
Take the plunge and purge.
To read full stories visit blog here.
Make room for some good vibes.
To read full stories visit blog here.
2/25/2019
3/18/2019
SMITH & BERG PARTNERS | 2019 QUARTERLY REPORT2019 QUARTERLY REPORT | SMITH & BERG PARTNERS 29 28
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