WEA News

WEA in The Hollywood Reporter: Hollywood’s Top 25 Real Estate Agents

Shaky foreign markets haven’t rocked L.A.’s residential home prices (yet), as the town’s most sought-after brokers continue to cater to stars and log record-breaking sales in markets from “blue chip” Beverly Hills to Hancock Park.

Los Angeles’ white-hot luxury home market shows no signs of cooling. The average luxury home sales price in the city grew 10.5 percent — to $7.4 million — during the second quarter of 2015, while the average number of days on the market fell 11 percent (to 88 days), according to real estate brokerage Douglas Elliman. Witness record-setting sales in some of the hottest markets — with many buyers paying al cash. “It’s a healthy market, and there’s no better place to invest,” says John Aaroe Group’s Aaron Kirman, one of THR‘s top 25 agents — presented here in alphabetical order — selected for their client rosters and killer deals.

Kurt Rappaport

After selling the landmark Fleur de Lys for $102 million in 2014,Rappaport continued to close some of L.A.’s most notable deals this year. He brokered the deal that allowed Steve Wynn to buy Guess jeans co-founder Maurice Marciano’s nearly 3-acre Beverly Hills estate for an estimated $48 million. He also sold Bea Arthur’s Brentwood estate toFrank Marshall and Kathleen Kennedy for nearly $15 million in August and represented former L.A. Mayor Antonio Villaraigosa in his Hollywood Hills purchase.

Stephen Shapiro

One of the nation’s top agents since the1980s, the co-founder and partner of Westside Estate Agency says this year has been one of his best. In June, he sold LoriLoughlin and Mossimo Giannulli a Bel Air house that once belonged to Charles Bronson for $14 million. His “one-on-one formula” is the key, Shapiro says. “I don’t operate like the other brokers, where I take dozens of listings. I just work with the clients I’ve had for years and their referrals.” He adds, “The great thing is learning we are in a really envious position as successful real estate brokers because we’re dealing with people who are far more successful than us. I use it as an opportunity to learn how these people operate and try to utilize that in my daily business deals.”

Click here to read the article on The Hollywood Reporter.