Condominium Residences | November 2012
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table of contents Los Angeles County | Condominium Residences
Culver City
05
Downtown
07
Hollywood
09
Marina Del Rey
11
Mid Wilshire
13
Santa Monica
15
Silverlake - Echo Park
17
West Hollywood
19
Westwood - Century City
21
Glossary 22
CULVER CITY
Jul - Sep 2011
Jul - Sep 2012
% change
Total properties sold
29
33
+13.8%
Average price (sold)
$325,698
$305,239
-6.3%
$285
$287
+0.9%
Average days on market (sold)
66
82
+24.2%
Average sold price/list price %
97.5%
98.6%
+1.1%
Total pending properties (at end of period)
13
22
+69.2%
Total properties for sale (at end of period)
44
13
-70.5%
$337,285
$372,300
+10.4%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6
4.8 5
4.2
4.6
4.2 3.7
4
2.9 3
2 2
1.2 0.7
1 0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Sold listing history 60 50 40
41
38
35
44
34 29
33
29 25
30 20 10 0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published October 2012 based on the data available at the end of September 2012. CLAW does not guarantee or is not in any way responsible for their accuracy. Data maintained by CLAW may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
DOWNTOWN
Jul - Sep 2011
Jul - Sep 2012
% change
Total properties sold
78
98
+25.6%
Average price (sold)
$383,699
$487,034
+26.9%
$366
$441
+20.6%
Average days on market (sold)
60
83
+38.3%
Average sold price/list price %
95.0%
97.7%
+2.7%
49
49
+0.00%
102
59
-42.2%
$675,601
$1,216,293
+80.0%
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 7 6
5.5 5
4.6
5
3.9
3.9
4
2.4
3
2.6 1.8
1.8
2 1 0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Sold listing history 120
98 100
84
82
87 77
78
80
73
80
65
60 40 20 0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published October 2012 based on the data available at the end of September 2012. CLAW does not guarantee or is not in any way responsible for their accuracy. Data maintained by CLAW may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
HOLLYWOOD
Jul - Sep 2011
Jul - Sep 2012
% change
Total properties sold
12
29
+141.7%
Average price (sold)
$326,137
$527,379
+61.7%
$346
$386
+11.6%
Average days on market (sold)
72
93
+29.2%
Average sold price/list price %
94.4%
98.5%
+4.1%
7
13
+85.7%
45
28
-37.8%
$601,530
$615,179
+2.3%
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 25
18
20
15
11.2 7.8
10
7.6
5
5
4.6
4.5
2.9
5
0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Sold listing history 35
29 30
26
26 22
25
18
20
15
16 12
15
8
10 5 0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published October 2012 based on the data available at the end of September 2012. CLAW does not guarantee or is not in any way responsible for their accuracy. Data maintained by CLAW may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
MARINA DEL REY
Jul - Sep 2011
Jul - Sep 2012
% change
Total properties sold
56
77
+37.5%
Average price (sold)
$774,696
$682,782
-11.9%
$508
$430
-15.2%
Average days on market (sold)
62
103
+66.1%
Average sold price/list price %
101.1%
96.8%
-4.3%
Total pending properties (at end of period)
27
32
+18.5%
Total properties for sale (at end of period)
112
74
-33.9%
$950,878
$1,236,985
+30.1%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 10
8.1
9 8
7.4
7.1
7 6.3
7
6
5.9
6 5
4
4
2.9
3 2 1 0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Sold listing history 90
72
80 70 60
77
65 56
53
55
56 46
50
41
40 30 20 10 0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published October 2012 based on the data available at the end of September 2012. CLAW does not guarantee or is not in any way responsible for their accuracy. Data maintained by CLAW may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
MID WILSHIRE
Jul - Sep 2011
Jul - Sep 2012
% change
Total properties sold
49
31
-36.7%
Average price (sold)
$296,748
$350,202
+18.0%
$268
$300
+11.9%
Average days on market (sold)
63
61
-3.2%
Average sold price/list price %
97.3%
98.6%
+1.3%
Total pending properties (at end of period)
50
38
-24.0%
Total properties for sale (at end of period)
51
12
-76.5%
$421,769
$451,292
+7.0%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 15
10.5 10
7.6 6.2 4.8 5
3.2
3.1
1.4
1.6
1.2
0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Sold listing history 90 80
74
70 60
47
50
48
49
39
38
40
42 31
29
30 20 10 0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published October 2012 based on the data available at the end of September 2012. CLAW does not guarantee or is not in any way responsible for their accuracy. Data maintained by CLAW may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
SANTA MONICA
Jul - Sep 2011
Jul - Sep 2012
% change
Total properties sold
82
122
+48.8%
Average price (sold)
$779,752
$798,887
+2.5%
$566
$647
+14.2%
Average days on market (sold)
89
68
-23.6%
Average sold price/list price %
95.2%
98.9%
+3.7%
Total pending properties (at end of period)
24
18
-25.0%
Total properties for sale (at end of period)
127
65
-48.8%
$862,579
$1,027,155
+19.1%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 7 6
5.4
5.2
4.6
4.5
5
4 3.5
4
3.6
3
2.3 1.6
2 1 0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Sold listing history 160 140 120
122 109 96
100
79
82
78
82
73
74
80 60 40 20 0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published October 2012 based on the data available at the end of September 2012. CLAW does not guarantee or is not in any way responsible for their accuracy. Data maintained by CLAW may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
SILVERLAKE - ECHO PARK
Jul - Sep 2011
Jul - Sep 2012
% change
Total properties sold
8
8
+0.00%
Average price (sold)
$319,475
$407,750
+27.6%
$276
$347
+25.7%
Average days on market (sold)
57
118
+107.0%
Average sold price/list price %
98.1%
96.8%
-1.3%
Total pending properties (at end of period)
5
-
-
Total properties for sale (at end of period)
8
2
-75.0%
$409,893
$397,550
-3.0%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 15
9
10
5.1 5
4 2.7
3
3
2.7 0.5
0.8
0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Sold listing history 15
12
10
9
9 8
8
7 5 5
3
3
0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published October 2012 based on the data available at the end of September 2012. CLAW does not guarantee or is not in any way responsible for their accuracy. Data maintained by CLAW may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
WEST HOLLYWOOD
Jul - Sep 2011
Jul - Sep 2012
% change
Total properties sold
80
85
+6.3%
Average price (sold)
$492,868
$530,853
+7.7%
$414
$439
+6.1%
Average days on market (sold)
96
75
-21.9%
Average sold price/list price %
95.6%
97.0%
+1.4%
Total pending properties (at end of period)
29
23
-20.7%
Total properties for sale (at end of period)
148
72
-51.4%
$569,246
$858,654
+50.8%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 9 8
7.6
7
5.8
6
5.4
5.6 5
5
3.3
4
3.5 2.5
3
1.8
2 1 0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Sold listing history 120
90
100 80
72
75
81
88 80
78
85
71
60 40 20 0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published October 2012 based on the data available at the end of September 2012. CLAW does not guarantee or is not in any way responsible for their accuracy. Data maintained by CLAW may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
WESTWOOD - CENTURY CITY
Jul - Sep 2011
Jul - Sep 2012
% change
Total properties sold
102
127
+24.5%
Average price (sold)
$893,344
$819,497
-8.3%
$517
$479
-7.5%
Average days on market (sold)
75
111
+48.0%
Average sold price/list price %
92.6%
93.8%
+1.2%
Total pending properties (at end of period)
42
33
-21.4%
Total properties for sale (at end of period)
262
147
-43.9%
$1,430,869
$1,688,024
+18.0%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 15
12.5 9.6 8.6
10
7.7 6.7
6.3 5.1 4
5
3.5
0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Sold listing history 160
128
140
127
114 120
102 92
100 80
103
90 75
66
60 40 20 0 Jul-Sep 10
Oct-Dec 10
Jan-M ar 11
A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published October 2012 based on the data available at the end of September 2012. CLAW does not guarantee or is not in any way responsible for their accuracy. Data maintained by CLAW may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.