Los Angeles County Condo market report April 2014.

Page 1

AAROE MARKET REPORT

04 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


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AAROE MARKET REPORT

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WESTSIDE LOS ANGELES Single Family Residences

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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

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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

Silver Lake - Echo Park

25

Studio City

27

West Hollywood

29

Westwood - Century City

31

Glossary

32



BEVERLY HILLS

Dec - Feb 2013

Dec - Feb 2014

% change

Total properties sold

27

21

-22.2%

Average price (sold)

$910,426

$1,494,810

+64.2%

$480

$815

+70.0%

Average days on market (sold)

87

81

-6.9%

Average sold price/list price %

94.2%

95.5%

+1.3%

Total pending properties (at end of period)

10

9

-10.0%

Total properties for sale (at end of period)

30

32

+6.7%

$1,612,117

$1,518,088

-5.8%

Average price per square foot (sold)

Average price of properties for sale

Months’ supply of inventory 8

6.8

7

5.8

6

5.2 4.7

5 4

4.6 3.3

3.1

3

3

1.6

2 1 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 14

Sold listing history 45

37

40

32

35

29

25

27

27

30

20

21

20

18

20 15 10 5 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 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 March 2014 based on the data available at the end of February 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

Dec - Feb 2013

Dec - Feb 2014

% change

Total properties sold

36

39

+8.3%

Average price (sold)

$730,753

$792,036

+8.4%

$479

$492

+2.7%

Average days on market (sold)

69

59

-14.5%

Average sold price/list price %

99.0%

98.8%

-0.2%

Total pending properties (at end of period)

20

8

-60.0%

Total properties for sale (at end of period)

36

34

-5.6%

$919,094

$826,256

-10.1%

Average price per square foot (sold)

Average price of properties for sale

Months’ supply of inventory 8 7

6.6

6 5 4

3

2.9

3

2.2

2.3

2

1.8

2.3

2.6

2 1 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 14

Sold listing history 80

64

70

61

60 50

41

35

40 30

44

43

39

36

20

20 10 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 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 March 2014 based on the data available at the end of February 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

Dec - Feb 2013

Dec - Feb 2014

% change

Total properties sold

33

28

-15.2%

Average price (sold)

$370,914

$454,625

+22.6%

$305

$379

+24.2%

Average days on market (sold)

64

51

-20.3%

Average sold price/list price %

100.6%

99.0%

-1.6%

Total pending properties (at end of period)

17

11

-35.3%

Total properties for sale (at end of period)

9

19

+111.1%

$555,222

$466,963

-15.9%

Average price per square foot (sold)

Average price of properties for sale

Months’ supply of inventory 3

2

1.9 2

1.6

1.5 1

0.9

0.9

0.8

1

0.5

0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 14

Sold listing history 80

67 70 60 50

52 39

37

40

31

41

39 33

28

30 20 10 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 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 March 2014 based on the data available at the end of February 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

Dec - Feb 2013

Dec - Feb 2014

% change

Total properties sold

95

75

-21.1%

Average price (sold)

$541,577

$535,238

-1.2%

$475

$482

+1.4%

Average days on market (sold)

79

69

-12.7%

Average sold price/list price %

97.7%

98.5%

+0.8%

Total pending properties (at end of period)

37

37

+0.00%

Total properties for sale (at end of period)

47

76

+61.7%

$1,381,506

$796,604

-42.3%

Average price per square foot (sold)

Average price of properties for sale

Months’ supply of inventory 5

4.1 4

3.4 3

2.9 3

2.4

2.1 1.8

2

1.9 1.5

1

0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 14

Sold listing history 120

97 100

79 80

95

91

84

82 75

71

66

60 40 20 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 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 March 2014 based on the data available at the end of February 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

Dec - Feb 2013

Dec - Feb 2014

% change

Total properties sold

51

37

-27.5%

Average price (sold)

$311,497

$371,768

+19.3%

$224

$276

+23.2%

Average days on market (sold)

65

65

+0.00%

Average sold price/list price %

99.0%

98.5%

-0.5%

Total pending properties (at end of period)

31

13

-58.1%

Total properties for sale (at end of period)

24

44

+83.3%

$871,592

$350,715

-59.8%

Average price per square foot (sold)

Average price of properties for sale

Months’ supply of inventory 5

4

3

3.4 2.4

3.6

2.7 2.3

2

2

1.4

1.5

1.4

1

0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12 **

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 14

Sold listing history 80 70

61

58

56

60

45

50

53

51

50

47 37

40 30 20 10 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 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 March 2014 based on the data available at the end of February 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. ** Interpolated data point. Actual data value not available.



HOLLYWOOD

Dec - Feb 2013

Dec - Feb 2014

% change

Total properties sold

26

17

-34.6%

Average price (sold)

$632,093

$616,618

-2.4%

$448

$485

+8.3%

Average days on market (sold)

95

89

-6.3%

Average sold price/list price %

98.8%

99.0%

+0.2%

Total pending properties (at end of period)

9

20

+122.2%

Total properties for sale (at end of period)

24

34

+41.7%

$657,496

$2,135,021

+224.7%

Average price per square foot (sold)

Average price of properties for sale

Months’ supply of inventory 40 35

31.8

30 25 20 15 10

5.7

3.8

5

2.5

2.8

1.7

4

6 3.6

0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 14

Sold listing history 45

39

38

40 35 30 25

28

26

25

29

20 17

20 15 10

5

5 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 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 March 2014 based on the data available at the end of February 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

Dec - Feb 2013

Dec - Feb 2014

% change

Total properties sold

52

70

+34.6%

Average price (sold)

$689,729

$807,556

+17.1%

$508

$529

+4.1%

Average days on market (sold)

79

81

+2.5%

Average sold price/list price %

96.3%

97.2%

+0.9%

Total pending properties (at end of period)

18

15

-16.7%

Total properties for sale (at end of period)

59

86

+45.8%

$1,255,161

$1,030,848

-17.9%

Average price per square foot (sold)

Average price of properties for sale

Months’ supply of inventory 9 8

7.4

7

5.6

6

4.8

5 4

2.8

3.1

3.7

3.4

3.7

3.5

3 2 1 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 14

Sold listing history 120 100

88

80 60

81

55

70

69

64

59

52

42

40 20 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 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 March 2014 based on the data available at the end of February 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

Dec - Feb 2013

Dec - Feb 2014

% change

Total properties sold

31

30

-3.2%

Average price (sold)

$367,981

$463,600

+26.0%

$322

$377

+17.0%

Average days on market (sold)

32

79

+146.9%

Average sold price/list price %

99.6%

97.5%

-2.1%

Total pending properties (at end of period)

33

12

-63.6%

Total properties for sale (at end of period)

23

37

+60.9%

$470,023

$487,193

+3.7%

Average price per square foot (sold)

Average price of properties for sale

Months’ supply of inventory 5

4.3 3.7

4

2.9 3

2.9

2.5 2.2

2.1 1.8

2

0.6

1

0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 14

Sold listing history 60

47

50 40

41 32

31

32

43

43

31

30

30 20 10 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 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 March 2014 based on the data available at the end of February 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

Dec - Feb 2013

Dec - Feb 2014

% change

Total properties sold

88

74

-15.9%

Average price (sold)

$842,805

$949,108

+12.6%

$669

$763

+13.9%

Average days on market (sold)

79

58

-26.6%

Average sold price/list price %

98.7%

97.8%

-0.9%

Total pending properties (at end of period)

29

32

+10.3%

Total properties for sale (at end of period)

38

70

+84.2%

$1,509,263

$1,586,459

+5.1%

Average price per square foot (sold)

Average price of properties for sale

Months’ supply of inventory 6 5

4.7

4

2.8 3

2.1 1.7

2

1.9

1.9 1.4

1.3

1

1 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 14

Sold listing history 160

126

140

115

120

102

95

100

106

101

88 74

80

63

60 40 20 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 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 March 2014 based on the data available at the end of February 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

Dec - Feb 2013

Dec - Feb 2014

% change

Total properties sold

58

57

-1.7%

Average price (sold)

$340,759

$424,985

+24.7%

$246

$311

+26.5%

Average days on market (sold)

45

51

+13.3%

Average sold price/list price %

99.5%

100.0%

+0.5%

Total pending properties (at end of period)

40

23

-42.5%

Total properties for sale (at end of period)

29

54

+86.2%

$404,686

$452,105

+11.7%

Average price per square foot (sold)

Average price of properties for sale

Months’ supply of inventory 5

4

3.6

3

2.8

2.5

2

1.2

1.5 1.1

1.1

1.3

1.6

1

0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12 **

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 14

Sold listing history 120

95 100

85

80

61

83

80 71

65

58

57

60 40 20 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 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 March 2014 based on the data available at the end of February 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. ** Interpolated data point. Actual data value not available.



SILVER LAKE - ECHO PARK

Dec - Feb 2013

Dec - Feb 2014

% change

Total properties sold

3

8

+166.7%

Average price (sold)

$438,667

$554,848

+26.5%

$380

$394

+3.7%

Average days on market (sold)

31

50

+61.3%

Average sold price/list price %

102.2%

100.4%

-1.8%

Total pending properties (at end of period)

6

3

-50.0%

Total properties for sale (at end of period)

2

5

+150.0%

$484,000

$472,600

-2.4%

Average price per square foot (sold)

Average price of properties for sale

Months’ supply of inventory 15

12

10

5

3 1.2

1.5

2

1.8

2.4

1.9

0.3

0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 14

Sold listing history 15

12 10 9

10

8

8 5

5

3

3

2

0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 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 March 2014 based on the data available at the end of February 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

Dec - Feb 2013

Dec - Feb 2014

% change

Total properties sold

24

38

+58.3%

Average price (sold)

$462,875

$545,776

+17.9%

$325

$376

+15.8%

Average days on market (sold)

55

44

-20.0%

Average sold price/list price %

100.3%

99.0%

-1.3%

Total pending properties (at end of period)

13

11

-15.4%

Total properties for sale (at end of period)

17

39

+129.4%

$608,956

$577,018

-5.2%

Average price per square foot (sold)

Average price of properties for sale

Months’ supply of inventory 5

4

3.6 3.1

3.1

3

2.1 1.6

2

1.7

1.8

1.7

1.3

1

0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12 **

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 14

Sold listing history 70

59

60

45

50

40

39

40

39

38

35

28 24

30 20 10 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 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 March 2014 based on the data available at the end of February 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. ** Interpolated data point. Actual data value not available.



WEST HOLLYWOOD

Dec - Feb 2013

Dec - Feb 2014

% change

Total properties sold

77

77

+0.00%

Average price (sold)

$586,446

$655,565

+11.8%

$469

$546

+16.4%

Average days on market (sold)

65

61

-6.2%

Average sold price/list price %

97.8%

98.2%

+0.4%

Total pending properties (at end of period)

20

11

-45.0%

Total properties for sale (at end of period)

50

62

+24.0%

$857,036

$852,540

-0.5%

Average price per square foot (sold)

Average price of properties for sale

Months’ supply of inventory 5

3.9 4

3

2.5

2.5 2

2

2.5 2.1

1.9

2.4

2

1

0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 14

Sold listing history 140

110

120 100 80

83

89 72

70

77

84

83

77

60 40 20 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 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 March 2014 based on the data available at the end of February 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

Dec - Feb 2013

Dec - Feb 2014

% change

Total properties sold

98

97

-1.0%

Average price (sold)

$894,475

$1,082,778

+21.1%

$498

$638

+28.1%

Average days on market (sold)

85

86

+1.2%

Average sold price/list price %

92.1%

96.9%

+4.8%

Total pending properties (at end of period)

41

40

-2.4%

Total properties for sale (at end of period)

124

173

+39.5%

$1,557,489

$2,455,149

+57.6%

Average price per square foot (sold)

Average price of properties for sale

Months’ supply of inventory 7

6 5.4

6 5

4.3 3.6

4

3.5

3.8

3.6

3.9 3.3

3 2 1 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 14

Sold listing history 200 180

159

160

131

140 120

137

131

128 114

104

98

97

100 80 60 40 20 0 Dec-Feb 12

M ar-M ay 12

Jun-A ug 12

Sep-No v 12

Dec-Feb 13

M ar-M ay 13

Jun-A ug 13

Sep-No v 13

Dec-Feb 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 March 2014 based on the data available at the end of February 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.


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