AAROE MARKET REPORT
03 14
LOS ANGELES COUNTY Condominium Residences
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
CURIOUS ABOUT THE MARKET IN OTHER AREAS OF LOS ANGELES? Just click the publication below for the latest statistics.
AAROE MARKET REPORT
02 14
WESTSIDE LOS ANGELES Single Family Residences
AAROE MARKET REPORT
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SAN FERNANDO VALLEY Single Family Residences
AAROE MARKET REPORT
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SAN GABRIEL VALLEY Single Family Residences
WESTSIDE LOS ANGELES
SAN FERNANDO VALLEY
SAN GABRIEL VALLEY
Single Family Residences
Single Family Residences
Single Family Residences
aaroe.com
TABLE OF CONTENTS LOS ANGELES COUNTY
Beverly Hills
05
Brentwood
07
Culver City
09
Downtown
11
Encino
13
Hollywood
15
Marina Del Rey
17
Mid Wilshire
19
Santa Monica
21
Sherman Oaks
23
Silverlake - Echo Park
25
Studio City
27
West Hollywood
29
Westwood - Century City
31
Glossary
32
BEVERLY HILLS
Nov - Jan 2013
Nov - Jan 2014
% change
Total properties sold
26
17
-34.6%
Average price (sold)
$948,962
$1,587,824
+67.3%
$478
$862
+80.3%
Average days on market (sold)
85
82
-3.5%
Average sold price/list price %
94.0%
94.6%
+0.6%
8
10
+25.0%
36
31
-13.9%
$1,636,525
$1,421,997
-13.1%
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 10 9
8.3
8
6.7
7
5.5
6 5
3.9
3.8
4.2
4
4
2.1
3
2.4
2 1 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Sold listing history 40
32
35
33 30
30
26 23
25 20
27 22
17
17
15 10 5 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published February 2014 based on the data available at the end of January 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
BRENTWOOD
Nov - Jan 2013
Nov - Jan 2014
% change
Total properties sold
37
39
+5.4%
Average price (sold)
$664,202
$772,267
+16.3%
$470
$487
+3.7%
Average days on market (sold)
71
65
-8.5%
Average sold price/list price %
98.6%
98.0%
-0.6%
Total pending properties (at end of period)
17
4
-76.5%
Total properties for sale (at end of period)
28
23
-17.9%
$837,768
$774,248
-7.6%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6
5.1
5 4
3.4
3
2.3
2.2
2.3
2.1
1.8
1.9
1.8
2 1 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Sold listing history 80
64
70
50
42
40 30
55
53
60
39
39
37
30 24
20 10 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published February 2014 based on the data available at the end of January 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
CULVER CITY
Nov - Jan 2013
Nov - Jan 2014
% change
Total properties sold
28
28
+0.00%
Average price (sold)
$349,041
$463,964
+32.9%
$299
$380
+27.0%
Average days on market (sold)
53
55
+3.8%
Average sold price/list price %
101.3%
98.8%
-2.5%
Total pending properties (at end of period)
17
11
-35.3%
Total properties for sale (at end of period)
6
18
+200.0%
$396,583
$437,356
+10.3%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 5
4
3.5
3
1.9 2
1.2
1.2 0.8
1
1
0.9
1.1
0.6
0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Sold listing history 80
63
70 60
51
50 40
41
45 37
33
34 28
28
30 20 10 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published February 2014 based on the data available at the end of January 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
DOWNTOWN
Nov - Jan 2013
Nov - Jan 2014
% change
Total properties sold
91
71
-22.0%
Average price (sold)
$519,500
$556,490
+7.1%
$458
$505
+10.3%
Average days on market (sold)
78
64
-17.9%
Average sold price/list price %
98.1%
98.6%
+0.5%
Total pending properties (at end of period)
43
25
-41.9%
Total properties for sale (at end of period)
54
85
+57.4%
$1,249,691
$706,122
-43.5%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 5
3.9 4
3
3.6
3.3 2.7 2.3
2.3
2
1.8
1.8
2
1
0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Sold listing history 120
89
100 80
69
91
91
96 81
76
71
71
60 40 20 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published February 2014 based on the data available at the end of January 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
ENCINO
Nov - Jan 2013
Nov - Jan 2014
% change
Total properties sold
49
35
-28.6%
Average price (sold)
$316,661
$318,283
+0.5%
$227
$244
+7.3%
Average days on market (sold)
63
59
-6.3%
Average sold price/list price %
98.5%
98.3%
-0.2%
Total pending properties (at end of period)
26
15
-42.3%
Total properties for sale (at end of period)
23
42
+82.6%
$935,536
$330,689
-64.7%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 5
3.6
4
2.9 3
2.8 2
2
1.7 1.3
1.9 1.6
1.4
1
0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Sold listing history 80
60
63
63
70
57
54 49 44
50
43
47 35
40 30 20 10 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published February 2014 based on the data available at the end of January 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
HOLLYWOOD
Nov - Jan 2013
Nov - Jan 2014
% change
Total properties sold
34
23
-32.4%
Average price (sold)
$597,777
$591,022
-1.1%
$434
$480
+10.5%
Average days on market (sold)
107
74
-30.8%
Average sold price/list price %
99.0%
99.0%
+0.00%
Total pending properties (at end of period)
6
11
+83.3%
Total properties for sale (at end of period)
27
33
+22.2%
$671,515
$2,146,503
+219.7%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 10 9
7.9
8.1
8 7 6
5 4.4
5 4
2.5
3
2.5
2.4
4.3
2.8
2 1 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Sold listing history 40
34
34
35
29
30
30
30 25
23
23
19
20
14
15 10 5 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published February 2014 based on the data available at the end of January 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
MARINA DEL REY
Nov - Jan 2013
Nov - Jan 2014
% change
Total properties sold
54
69
+27.8%
Average price (sold)
$714,926
$797,640
+11.6%
$512
$537
+5.0%
Average days on market (sold)
91
66
-27.5%
Average sold price/list price %
95.9%
97.3%
+1.4%
Total pending properties (at end of period)
23
8
-65.2%
Total properties for sale (at end of period)
57
86
+50.9%
$1,264,388
$1,003,012
-20.7%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 8 7
6.4
6.4
6
4.4
4.2
5 4
3.1
3.7
3.2
3.2
3
3 2 1 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Sold listing history 100
86
90 80
80 70
69
70
54
60 50
41
69
56
47
40 30 20 10 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published February 2014 based on the data available at the end of January 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
MID WILSHIRE
Nov - Jan 2013
Nov - Jan 2014
% change
Total properties sold
29
36
+24.1%
Average price (sold)
$371,141
$453,038
+22.1%
$324
$397
+22.5%
Average days on market (sold)
37
76
+105.4%
Average sold price/list price %
99.1%
99.3%
+0.2%
Total pending properties (at end of period)
32
15
-53.1%
Total properties for sale (at end of period)
19
33
+73.7%
$524,395
$465,959
-11.1%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 5
3.9 4
3
3.4 2.9
2.6
2.8
2 1.6
2
1
1
1
0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Sold listing history 60
50 50
41
40
40
38 31
30
29
36
31
30 20 10 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published February 2014 based on the data available at the end of January 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
SANTA MONICA
Nov - Jan 2013
Nov - Jan 2014
% change
Total properties sold
94
85
-9.6%
Average price (sold)
$749,779
$857,796
+14.4%
$623
$718
+15.3%
Average days on market (sold)
90
58
-35.6%
Average sold price/list price %
98.4%
97.7%
-0.7%
Total pending properties (at end of period)
21
24
+14.3%
Total properties for sale (at end of period)
46
51
+10.9%
$1,326,409
$1,546,980
+16.6%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 5
3.8 4
2.6
3
2.3 1.6
2
1.5
1.5
1.6
1.8
1.1 1
0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Sold listing history 140
118 103 94
93
100 80
114
107
120
94 85
68
60 40 20 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published February 2014 based on the data available at the end of January 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
SHERMAN OAKS
Nov - Jan 2013
Nov - Jan 2014
% change
Total properties sold
65
66
+1.5%
Average price (sold)
$353,803
$425,174
+20.2%
$249
$312
+25.5%
Average days on market (sold)
55
50
-9.1%
Average sold price/list price %
99.1%
100.9%
+1.8%
Total pending properties (at end of period)
33
25
-24.2%
Total properties for sale (at end of period)
24
43
+79.2%
$488,341
$411,485
-15.7%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 5
4.2 4
2.8
3
2
1.6
1.5
2
1.9
1.1
1
0.8
1
0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Sold listing history 120
98
91
100
80
76 80
56
65
61
66
58
60 40 20 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published February 2014 based on the data available at the end of January 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
SILVERLAKE - ECHO PARK
Nov - Jan 2013
Nov - Jan 2014
% change
Total properties sold
3
10
+233.3%
Average price (sold)
$559,333
$485,878
-13.1%
$377
$397
+5.3%
Average days on market (sold)
44
60
+36.4%
Average sold price/list price %
98.3%
100.0%
+1.7%
Total pending properties (at end of period)
2
2
+0.00%
Total properties for sale (at end of period)
1
5
+400.0%
$320,100
$565,600
+76.7%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 5
4 4
3
2.4
2.1 2
1.5
1.2
1
1.5
1.3
1
0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Sold listing history 15
10 10
10
9 8
6
7 5
5
5
3
0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published February 2014 based on the data available at the end of January 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
STUDIO CITY
Nov - Jan 2013
Nov - Jan 2014
% change
Total properties sold
30
33
+10.0%
Average price (sold)
$417,203
$530,432
+27.1%
$300
$364
+21.4%
Average days on market (sold)
41
45
+9.8%
Average sold price/list price %
99.1%
98.7%
-0.4%
Total pending properties (at end of period)
12
13
+8.3%
Total properties for sale (at end of period)
13
28
+115.4%
$646,915
$575,968
-11.0%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 4
3.2
3 3
2.5 2.1
2.1 1.7
2
1.6 1.3
1.2
1
0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Sold listing history 80
63
70 60
49
50
35
40
38
37 30
27
33
29
30 20 10 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published February 2014 based on the data available at the end of January 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
WEST HOLLYWOOD
Nov - Jan 2013
Nov - Jan 2014
% change
Total properties sold
73
72
-1.4%
Average price (sold)
$540,731
$757,768
+40.1%
$456
$587
+28.8%
Average days on market (sold)
79
69
-12.7%
Average sold price/list price %
97.4%
97.2%
-0.2%
Total pending properties (at end of period)
26
19
-26.9%
Total properties for sale (at end of period)
40
63
+57.5%
$1,035,260
$743,917
-28.1%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 5
4
3.7 2.9
3
1.9
2.2
2.2
2.4
2.6
1.9
1.6
2
1
0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Sold listing history 140
107
120
98
96 100
80
80
79
73
73
75
72
60 40 20 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published February 2014 based on the data available at the end of January 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
WESTWOOD - CENTURY CITY
Nov - Jan 2013
Nov - Jan 2014
% change
Total properties sold
96
104
+8.3%
Average price (sold)
$870,809
$1,028,644
+18.1%
$490
$621
+26.9%
Average days on market (sold)
95
80
-15.8%
Average sold price/list price %
91.9%
96.8%
+4.9%
Total pending properties (at end of period)
39
45
+15.4%
Total properties for sale (at end of period)
125
160
+28.0%
$1,756,781
$2,199,696
+25.2%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 8 7
6.4
6
4.6
5
4.6 4
4
3.9
3.6
3.7
3.5
2.9
3 2 1 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Sold listing history 180
142
160 140 120
118
126
130
102
151
127 104
96
100 80 60 40 20 0 No v-Jan 12
Feb-A pr 12
M ay-Jul 12
A ug-Oct 12
No v-Jan 13
Feb-A pr 13
M ay-Jul 13
A ug-Oct 13
No v-Jan 14
Copyright John Aaroe Group 2014. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW, CRMLS and/or Co-Op MLS. This report is published February 2014 based on the data available at the end of January 2014. CLAW, CRMLS and/or CoOp MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by CLAW, CRMLS and/or Co-Op MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
GLOSSARY
Total properties sold Number of properties sold during the report period. Average price (sold) Average sales price of properties that closed escrow during the report period. Average price per square foot (sold) Average price per square foot of properties that closed escrow during the report period. Average days on market (sold) Average time properties were on the market for homes that closed escrow during the report period. Average sold price/list price % Average showing the ratio of the actual sold price related to the original asking price of properties sold during the report period. Total pending properties (at end of period) Number of properties that were in escrow at the end of the reporting period. Total properties for sale (at end of period) Number of properties that were for sale at the end of the reporting period. Average price of properties for sale Average price for properties currently on the market. Months’ supply of inventory If no new listings entered the market, this is the number of months it would take to sell all homes for sale at the current pace of sales. Sold listing history The number of homes sold in the reporting period over the past three years.
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B E V E R LY H I L L S
BRENTWOOD
SUNSET STRIP
DOWNTOWN
SHERMAN OAKS
PASA D E N A
John Aaroe Group does not guarantee the accuracy of square footage, lot size, or other information concerning the condition or features of the property provided by the seller or obtained from public records and other sources and the buyer is advised to independently verify the accuracy of that information.