Condominium Residences | July 2013
Agent Profile: Ramiro Rivas
Ramiro Rivas is a life time resident of the City of Pasadena, and has extensive knowledge of San Gabriel Valley and Los Angeles real estate. With a design background from the world-renowned Art Center College of Design in Pasadena, he brings his creative and energetic personality into every transaction. Ramiro has been active and involved in Real Estate investments, as well as civic and neighborhood associations for over 15 years. While emphasizing hands-on client relationships and integrating the full spectrum of cutting-edge and internet technology, Ramiro delivers a powerful dimension to client services with up-to-the-minute, reliable information. Together with the John Aaroe Group, Ramiro Rivas and his real estate team are committed to meeting your personal, financial and life-style goals while maintaining a life time business relationship based on trust, value and performance. DRE #01406511 Professional Standards: • Specializing in Pasadena, Altadena, San Marino, La Canada Flintridge, South Pasadena, and Los Angeles Properties. • Dedicated to the Integrity of the Real Estate Profession. • Full Service Representation for Buyers, Sellers, and Short Sale Home Owners. • Member of the Pasadena-Foothills Association of Realtors and the National Association of Realtors.
Agent Profile: Erica Rivas
Erica Rivas’ extensive knowledge of Pasadena and the surrounding Los Angeles communities has allowed her to get to know every aspect of the San Gabriel Valley as well as a familiarization with all of Southern California. Having been born and raised in the area, she takes pride in Pasadena and the many wonderful surrounding communities. Her motivation coupled with her understanding of the neighborhoods has allowed her to successfully work in real estate. Erica comes from a fresh generation raised on the cusp of the newest technology. We are in an age now where business is done primarily through the computer, especially in real estate, as buyer’s are doing the greatest amount of their property searches on the internet. Erica’s extensive education and knowledge of computer technology has allowed her to market a home to its full potential. A creative ability that stems from an experience with marketing and advertising allows her to be original in marketing a home which will generate vast awareness of a listing and getting it the attention it deserves. Additionally, Erica Rivas has found find that excellent communication is crucial to being an efficient and competent Realtor®. The way to ultimately determine a client’s wants and needs is through proper communication and will successfully do so by asking the right questions, listening with genuine concern, and acting upon their wants and needs. Being forthcoming and communicative will serve to determine and clarify everything is being done correctly to ensure that the client’s interests are satisfied. DRE#01788685
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table of contents Los Angeles County | Condominium Residences
Beverly Hills
05
Brentwood
07
Culver City
09
Downtown
11
Hollywood
13
Marina Del Rey
15
Mid Wilshire
17
Santa Monica
19
Silverlake - Echo Park
21
West Hollywood
23
Westwood - Century City
25
Glossary 26
BEVERLY HILLS
Mar - May 2012
Mar - May 2013
% change
Total properties sold
30
35
+16.7%
Average price (sold)
$1,822,193
$1,303,966
-28.4%
$841
$663
-21.2%
Average days on market (sold)
91
111
+22.0%
Average sold price/list price %
89.6%
91.6%
+2.0%
8
13
+62.5%
45
20
-55.6%
$1,745,009
$1,675,050
-4.0%
Average price per square foot (sold)
Total pending properties (at end of period) Total properties for sale (at end of period) Average price of properties for sale
Months’ supply of inventory 15
9.6
9.8
10.1
10
6.8 5.8 4.5 5
3.3
3.1
1.7 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Sold listing history 45 40 35
30
35
32 27
30 25
19
20
20
20 17
20 15 10 5 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Copyright John Aaroe Group 2013. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or ITECH MLS. This report is published June 2013 based on the data available at the end of May 2013. CLAW, CRMLS and/or ITECH MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or ITECH MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
BRENTWOOD
Mar - May 2012
Mar - May 2013
% change
Total properties sold
41
60
+46.3%
Average price (sold)
$666,183
$800,224
+20.1%
$425
$500
+17.5%
Average days on market (sold)
61
61
+0.00%
Average sold price/list price %
97.2%
99.9%
+2.7%
Total pending properties (at end of period)
14
18
+28.6%
Total properties for sale (at end of period)
40
42
+5.0%
$741,629
$947,427
+27.7%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 8
6.6
7 6
5.5
5
3.7
4
4
3
2.9
3
2.2
2.3
2.1
2 1 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Sold listing history 70
60
60
48 50 40
41
37
44 35
33
30
36
20
20 10 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Copyright John Aaroe Group 2013. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or ITECH MLS. This report is published June 2013 based on the data available at the end of May 2013. CLAW, CRMLS and/or ITECH MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or ITECH MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
CULVER CITY
Mar - May 2012
Mar - May 2013
% change
Total properties sold
52
38
-26.9%
Average price (sold)
$308,137
$385,124
+25.0%
$269
$338
+25.4%
Average days on market (sold)
54
43
-20.4%
Average sold price/list price %
97.3%
101.1%
+3.8%
Total pending properties (at end of period)
16
26
+62.5%
Total properties for sale (at end of period)
16
12
-25.0%
$357,784
$578,250
+61.6%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6
4.9 5
3.8
4
4 3
1.8
1.5
2
1
0.9
0.8
0.9
1 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Sold listing history 60
52
50 40
41 33
38
37
34
33
31 25
30 20 10 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Copyright John Aaroe Group 2013. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or ITECH MLS. This report is published June 2013 based on the data available at the end of May 2013. CLAW, CRMLS and/or ITECH MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or ITECH MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
DOWNTOWN
Mar - May 2012
Mar - May 2013
% change
Total properties sold
80
91
+13.8%
Average price (sold)
$476,552
$683,516
+43.4%
$411
$510
+24.0%
Average days on market (sold)
47
75
+59.6%
Average sold price/list price %
99.5%
96.5%
-3.0%
Total pending properties (at end of period)
61
38
-37.7%
Total properties for sale (at end of period)
62
59
-4.8%
$948,892
$1,276,542
+34.5%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 5
4
3.5
3.8
4.1
2.8
3
2.3
2.1 1.7
2
1.9 1.5
1
0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Sold listing history 120 100
99
93 81 73
80
93 84
80
91
59 60 40 20 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Copyright John Aaroe Group 2013. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or ITECH MLS. This report is published June 2013 based on the data available at the end of May 2013. CLAW, CRMLS and/or ITECH MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or ITECH MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
HOLLYWOOD
Mar - May 2012
Mar - May 2013
% change
Total properties sold
20
35
+75.0%
Average price (sold)
$547,700
$603,200
+10.1%
$378
$451
+19.5%
Average days on market (sold)
92
103
+12.0%
Average sold price/list price %
96.6%
99.3%
+2.7%
Total pending properties (at end of period)
17
16
-5.9%
Total properties for sale (at end of period)
38
22
-42.1%
$722,521
$3,078,727
+326.1%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 40
31.8
35 30 25 20 15 10
3.8
5.5
5.7
5.5
3.8
5
2.5
2.8
1.9
0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Sold listing history 45
38
40
35
35
28
30 25
26
25 20
20
20
13
15 10
5
5 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Copyright John Aaroe Group 2013. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or ITECH MLS. This report is published June 2013 based on the data available at the end of May 2013. CLAW, CRMLS and/or ITECH MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or ITECH MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
MARINA DEL REY
Mar - May 2012
Mar - May 2013
% change
Total properties sold
57
66
+15.8%
Average price (sold)
$650,852
$845,399
+29.9%
$426
$518
+21.6%
Average days on market (sold)
90
80
-11.1%
Average sold price/list price %
97.5%
98.6%
+1.1%
Total pending properties (at end of period)
32
17
-46.9%
Total properties for sale (at end of period)
102
86
-15.7%
$969,496
$1,141,470
+17.7%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 9
7.8 7.2
8
6.2
7
6.6 5.4
6 5
3.9
4
2.8
3.1
3.2
3 2 1 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Sold listing history 120
88
100 80
65 56
57
57 49
60
66 55
43
40 20 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Copyright John Aaroe Group 2013. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or ITECH MLS. This report is published June 2013 based on the data available at the end of May 2013. CLAW, CRMLS and/or ITECH MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or ITECH MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
MID WILSHIRE
Mar - May 2012
Mar - May 2013
% change
Total properties sold
48
37
-22.9%
Average price (sold)
$290,399
$386,970
+33.3%
$263
$352
+33.7%
Average days on market (sold)
37
55
+48.6%
Average sold price/list price %
98.4%
99.9%
+1.5%
Total pending properties (at end of period)
43
33
-23.3%
Total properties for sale (at end of period)
9
39
+333.3%
$406,989
$533,134
+31.0%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 15
9.7 10
5
3.2
3.2
3.2
2.5
2.1
1.6
2
0.6 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Sold listing history 70
55
60
48 50
41 36
40
32
31
35
34
37
30 20 10 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Copyright John Aaroe Group 2013. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or ITECH MLS. This report is published June 2013 based on the data available at the end of May 2013. CLAW, CRMLS and/or ITECH MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or ITECH MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
SANTA MONICA
Mar - May 2012
Mar - May 2013
% change
Total properties sold
103
111
+7.8%
Average price (sold)
$862,432
$916,192
+6.2%
$619
$686
+10.7%
Average days on market (sold)
62
61
-1.6%
Average sold price/list price %
96.9%
98.6%
+1.7%
Total pending properties (at end of period)
37
29
-21.6%
Total properties for sale (at end of period)
70
39
-44.3%
$1,051,531
$1,220,615
+16.1%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6 5
4.3
4.6
4.7
4.7
4 3
2
1.7
2
1.9 1.3
1.1
1 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Sold listing history 160
128
140 120 100
111
103 88
95
84 71
80
88
63
60 40 20 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Copyright John Aaroe Group 2013. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or ITECH MLS. This report is published June 2013 based on the data available at the end of May 2013. CLAW, CRMLS and/or ITECH MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or ITECH MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
SILVERLAKE - ECHO PARK
Mar - May 2012
Mar - May 2013
% change
Total properties sold
10
3
-70.0%
Average price (sold)
$447,825
$567,000
+26.6%
$335
$384
+14.7%
Average days on market (sold)
91
60
-34.1%
Average sold price/list price %
96.9%
99.4%
+2.5%
Total pending properties (at end of period)
6
6
+0.00%
Total properties for sale (at end of period)
4
3
-25.0%
$474,975
$559,967
+17.9%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 15
12
10
8.4
4.1
5
3
2.4
1.5
1.2
2
0.3
0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Sold listing history 15
10 10
10
9 8
8 5
5
3
3
2
0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Copyright John Aaroe Group 2013. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or ITECH MLS. This report is published June 2013 based on the data available at the end of May 2013. CLAW, CRMLS and/or ITECH MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or ITECH MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
WEST HOLLYWOOD
Mar - May 2012
Mar - May 2013
% change
Total properties sold
83
79
-4.8%
Average price (sold)
$472,929
$584,666
+23.6%
$451
$488
+8.2%
Average days on market (sold)
76
55
-27.6%
Average sold price/list price %
95.8%
100.3%
+4.5%
Total pending properties (at end of period)
43
27
-37.2%
Total properties for sale (at end of period)
56
70
+25.0%
$791,927
$780,539
-1.4%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6 5
4.7
4.9
4.9 3.9
4
2.7
2.5
3
2
2
1.9
2 1 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Sold listing history 120 100
91
89 76
80
83
89 72
70
78
79
60 40 20 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Copyright John Aaroe Group 2013. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or ITECH MLS. This report is published June 2013 based on the data available at the end of May 2013. CLAW, CRMLS and/or ITECH MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or ITECH MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
WESTWOOD - CENTURY CITY
Mar - May 2012
Mar - May 2013
% change
Total properties sold
132
129
-2.3%
Average price (sold)
$784,973
$824,340
+5.0%
$473
$478
+1.1%
Average days on market (sold)
76
83
+9.2%
Average sold price/list price %
93.4%
95.4%
+2.0%
Total pending properties (at end of period)
37
46
+24.3%
Total properties for sale (at end of period)
189
156
-17.5%
$1,919,653
$1,887,827
-1.7%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 10 9
7.9
8
8.5 7.5
7
5.9
6
4.3
5
3.6
4
3.5
3.8
3.6
3 2 1 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Sold listing history 160
132
140 120
128
129 115
96
105
103
97
92
100 80 60 40 20 0 M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Dec-Feb 13
M ar-M ay 13
Copyright John Aaroe Group 2013. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or ITECH MLS. This report is published June 2013 based on the data available at the end of May 2013. CLAW, CRMLS and/or ITECH MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or ITECH MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.