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
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
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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.