Condominium Residences | August 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
Apr - Jun 2012
Apr - Jun 2013
% change
Total properties sold
29
35
+20.7%
Average price (sold)
$2,031,710
$1,387,961
-31.7%
$841
$725
-13.7%
Average days on market (sold)
110
103
-6.4%
Average sold price/list price %
90.3%
90.9%
+0.6%
Total pending properties (at end of period)
7
11
+57.1%
Total properties for sale (at end of period)
49
25
-49.0%
$1,609,663
$1,504,335
-6.5%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 20
13.4
15
10 10
7
6.2
5.1 3.1
5
3.8
2.9
2.1
0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Sold listing history 45 40
35
35
29
30 25
31
25 20
20
23
25
18 15
15 10 5 0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 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 July 2013 based on the data available at the end of June 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
Apr - Jun 2012
Apr - Jun 2013
% change
Total properties sold
43
67
+55.8%
Average price (sold)
$627,165
$798,808
+27.4%
$430
$511
+18.8%
Average days on market (sold)
58
52
-10.3%
Average sold price/list price %
97.2%
99.8%
+2.6%
Total pending properties (at end of period)
17
19
+11.8%
Total properties for sale (at end of period)
36
31
-13.9%
$728,008
$1,013,124
+39.2%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6
5
4.9 5
3.9 4
3.2 2.8
2.5
3
2.3
2.3
2
1.4
1 0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Sold listing history 80
67 70 60
54 43
50
44
38
40
43 35
28
30
21
20 10 0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 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 July 2013 based on the data available at the end of June 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
Apr - Jun 2012
Apr - Jun 2013
% change
Total properties sold
44
50
+13.6%
Average price (sold)
$306,292
$410,748
+34.1%
$283
$355
+25.2%
Average days on market (sold)
39
33
-15.4%
Average sold price/list price %
97.9%
103.2%
+5.3%
Total pending properties (at end of period)
22
23
+4.5%
Total properties for sale (at end of period)
10
12
+20.0%
$446,150
$571,250
+28.0%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6
4.6
5 4
3.7 2.9
3
1.9 2
1.1 0.7
1
0.8
0.9
0.7
0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Sold listing history 60
50 50
42
44
38 40
34
34
33
29
31
30 20 10 0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 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 July 2013 based on the data available at the end of June 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
Apr - Jun 2012
Apr - Jun 2013
% change
Total properties sold
80
88
+10.0%
Average price (sold)
$559,764
$710,422
+26.9%
$442
$548
+24.1%
Average days on market (sold)
41
57
+39.0%
Average sold price/list price %
98.1%
96.2%
-1.9%
Total pending properties (at end of period)
68
31
-54.4%
Total properties for sale (at end of period)
47
75
+59.6%
$846,987
$1,176,635
+38.9%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6 5
4.5 3.9
4 3
2.4
2.6
2.6 1.8
1.8 2
1.7
1.7
1 0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Sold listing history 120
98
97
100
78
78
80
73
86
80
88
65
60 40 20 0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 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 July 2013 based on the data available at the end of June 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
Apr - Jun 2012
Apr - Jun 2013
% change
Total properties sold
22
39
+77.3%
Average price (sold)
$512,964
$611,013
+19.1%
$370
$475
+28.4%
Average days on market (sold)
65
93
+43.1%
Average sold price/list price %
97.5%
99.6%
+2.1%
Total pending properties (at end of period)
17
10
-41.2%
Total properties for sale (at end of period)
37
25
-32.4%
$728,589
$2,822,156
+287.3%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 25
18
20
15
11.2
10
4.5
5
4.6
2.8
5
2.1
3.2
1.9
0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Sold listing history 50
41
45
39
40
30
35
26
30
22
25 20
18
16 12
15
8
10 5 0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 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 July 2013 based on the data available at the end of June 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
Apr - Jun 2012
Apr - Jun 2013
% change
Total properties sold
72
71
-1.4%
Average price (sold)
$654,408
$843,314
+28.9%
$436
$511
+17.3%
Average days on market (sold)
77
79
+2.6%
Average sold price/list price %
97.6%
98.4%
+0.8%
Total pending properties (at end of period)
31
19
-38.7%
Total properties for sale (at end of period)
96
86
-10.4%
$1,015,933
$1,148,206
+13.0%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 10 9
8.1 7.1
8 7
6
5.7
6 5
4
4
2.9
2.9
3.3
3.6
3 2 1 0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Sold listing history 90
72
80
77 71 63
70 60
55
56
56 47
50
41
40 30 20 10 0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 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 July 2013 based on the data available at the end of June 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
Apr - Jun 2012
Apr - Jun 2013
% change
Total properties sold
42
44
+4.8%
Average price (sold)
$291,064
$417,727
+43.5%
$266
$373
+40.4%
Average days on market (sold)
35
48
+37.1%
Average sold price/list price %
98.3%
99.5%
+1.2%
Total pending properties (at end of period)
44
30
-31.8%
Total properties for sale (at end of period)
22
32
+45.5%
$450,336
$511,332
+13.5%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 8 7
6.4
6 5 4
3.1
3.2 2.3
3
1.4
2
1.6
1.2
2.2
1.5
1 0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Sold listing history 60 50
47
49 44
42 38
40
31
29
33
31
30 20 10 0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 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 July 2013 based on the data available at the end of June 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
Apr - Jun 2012
Apr - Jun 2013
% change
Total properties sold
109
103
-5.5%
Average price (sold)
$896,975
$927,776
+3.4%
$664
$688
+3.6%
Average days on market (sold)
54
53
-1.9%
Average sold price/list price %
97.2%
99.6%
+2.4%
Total pending properties (at end of period)
33
25
-24.2%
Total properties for sale (at end of period)
82
41
-50.0%
$1,010,570
$1,129,339
+11.8%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 7 6
5.4 4.6
5
3.5
4
3.6
3
2.3 1.6
2
1.1
1.1
1.2
1 0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Sold listing history 160 140
122
120 100
109
109 78
82
80
73
103 77
74
60 40 20 0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 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 July 2013 based on the data available at the end of June 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
Apr - Jun 2012
Apr - Jun 2013
% change
Total properties sold
12
6
-50.0%
Average price (sold)
$421,729
$482,717
+14.5%
$310
$343
+10.6%
Average days on market (sold)
88
68
-22.7%
Average sold price/list price %
99.4%
97.2%
-2.2%
Total pending properties (at end of period)
3
3
+0.00%
Total properties for sale (at end of period)
2
4
+100.0%
$415,000
$515,500
+24.2%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6
5.1
5
4 4
3 3
2.7 2 1.5
2
0.8
0.5
1
0.8
0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Sold listing history 15
12 9
10
8
8 7
6 4
5
4
3
0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 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 July 2013 based on the data available at the end of June 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
Apr - Jun 2012
Apr - Jun 2013
% change
Total properties sold
88
91
+3.4%
Average price (sold)
$464,924
$556,524
+19.7%
$415
$487
+17.4%
Average days on market (sold)
70
52
-25.7%
Average sold price/list price %
96.1%
100.6%
+4.5%
Total pending properties (at end of period)
39
29
-25.6%
Total properties for sale (at end of period)
52
75
+44.2%
$799,693
$809,483
+1.2%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 7 6
5.6 5
5 4
3.3
3.5 2.5
3
2.5 2
1.8
1.8
2 1 0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Sold listing history 120 100
90
88 80
78
80
91
88
71
67
75
60 40 20 0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 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 July 2013 based on the data available at the end of June 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
Apr - Jun 2012
Apr - Jun 2013
% change
Total properties sold
127
144
+13.4%
Average price (sold)
$750,297
$842,447
+12.3%
$458
$494
+8.0%
Average days on market (sold)
76
79
+3.9%
Average sold price/list price %
94.3%
95.6%
+1.3%
39
46
+17.9%
170
164
-3.5%
$1,879,347
$1,932,967
+2.9%
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
8.6
9
7.7
8
6.3
7
5.1
6 5
4
3.4
4
3.1
3.7
3.4
3 2 1 0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 13
Sold listing history 180
144
160
127
140
114
120 100
129
90
102
112
103
98
80 60 40 20 0 A pr-Jun 11
Jul-Sep 11
Oct-Dec 11
Jan-M ar 12
A pr-Jun 12
Jul-Sep 12
Oct-Dec 12
Jan-M ar 13
A pr-Jun 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 July 2013 based on the data available at the end of June 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.