Condominium Residences | January 2013
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
Sep - Nov 2011
Sep - Nov 2012
% change
Total properties sold
25
36
+44.0%
Average price (sold)
$290,420
$318,678
+9.7%
$270
$285
+5.6%
Average days on market (sold)
71
44
-38.0%
Average sold price/list price %
95.7%
99.9%
+4.2%
Total pending properties (at end of period)
16
25
+56.3%
Total properties for sale (at end of period)
41
12
-70.7%
$310,528
$448,283
+44.4%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 7
5.8 6
4.9 5
4.1
3.8
4
4 3
1.8
1.5
2
1
0.9 1 0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Sold listing history 60
52
50 40
41 33
32
30
36
34
31 25
24
20 10 0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published December 2012 based on the data available at the end of November 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
Sep - Nov 2011
Sep - Nov 2012
% change
Total properties sold
59
82
+39.0%
Average price (sold)
$411,730
$465,020
+12.9%
$373
$444
+18.9%
Average days on market (sold)
50
84
+68.0%
Average sold price/list price %
97.5%
98.8%
+1.3%
Total pending properties (at end of period)
62
62
+0.00%
Total properties for sale (at end of period)
81
60
-25.9%
$695,149
$1,266,365
+82.2%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 8 7
6.1
6
4.9
5
3.6
4
3.8
4.1 2.8
3
2.3
2.2 1.7
2 1 0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Sold listing history 120
80
99
92
100
74
81
81 73
82
80
59 60 40 20 0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published December 2012 based on the data available at the end of November 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
Sep - Nov 2011
Sep - Nov 2012
% change
Total properties sold
28
38
+35.7%
Average price (sold)
$414,970
$549,520
+32.4%
$355
$396
+11.5%
Average days on market (sold)
97
116
+19.6%
Average sold price/list price %
97.5%
98.8%
+1.3%
Total pending properties (at end of period)
8
16
+100.0%
Total properties for sale (at end of period)
51
32
-37.3%
$644,585
$627,716
-2.6%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 40
31.8
35 30 25 20 15
9.6
8.8
10
3.8
5.5
5.7
5.5
3.8
5
2.5
0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Sold listing history 45
38
40 35
28
30
25
25 20
20
20 16 13
15
13
10
5
5 0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published December 2012 based on the data available at the end of November 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
Sep - Nov 2011
Sep - Nov 2012
% change
Total properties sold
49
64
+30.6%
Average price (sold)
$631,872
$757,452
+19.9%
$397
$461
+16.2%
Average days on market (sold)
64
101
+57.8%
Average sold price/list price %
98.4%
97.1%
-1.3%
Total pending properties (at end of period)
18
23
+27.8%
Total properties for sale (at end of period)
108
67
-38.0%
$892,954
$1,234,701
+38.3%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 10 9
8
8
7.8 6.8
7.2 6.2
7
6.6 5.4
6 5 4
2.8
3.1
3 2 1 0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Sold listing history 120 100
88
80
56 60
54
56
64
57
57 49
43
40 20 0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published December 2012 based on the data available at the end of November 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
Sep - Nov 2011
Sep - Nov 2012
% change
Total properties sold
36
35
-2.8%
Average price (sold)
$279,820
$327,717
+17.1%
$249
$299
+20.1%
Average days on market (sold)
49
45
-8.2%
Average sold price/list price %
97.3%
99.5%
+2.2%
Total pending properties (at end of period)
43
38
-11.6%
Total properties for sale (at end of period)
39
19
-51.3%
$411,974
$513,884
+24.7%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 20
15
13.6
8.7
10
9.7
3.2
5
3.2
2.5
2.1 0.6
1.6
0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Sold listing history 70
55
60
48 44
50 40
41 36
32
32
31
35
30 20 10 0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published December 2012 based on the data available at the end of November 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
Sep - Nov 2011
Sep - Nov 2012
% change
Total properties sold
71
94
+32.4%
Average price (sold)
$785,405
$792,457
+0.9%
$567
$620
+9.3%
Average days on market (sold)
63
74
+17.5%
Average sold price/list price %
96.2%
98.0%
+1.8%
Total pending properties (at end of period)
27
18
-33.3%
Total properties for sale (at end of period)
111
61
-45.0%
$990,409
$1,148,693
+16.0%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 7 6
5.4 5
5
4.3
4.6
4.8
4.7
4 3
2
2
1.7
1.9
1 0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Sold listing history 160
128
140 120 100
103 80
81
88
94
84 71
80
63
60 40 20 0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published December 2012 based on the data available at the end of November 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
Sep - Nov 2011
Sep - Nov 2012
% change
Total properties sold
8
8
+0.00%
Average price (sold)
$420,438
$467,375
+11.2%
$359
$361
+0.6%
Average days on market (sold)
67
118
+76.1%
Average sold price/list price %
97.2%
96.9%
-0.3%
Total pending properties (at end of period)
2
-
-
Total properties for sale (at end of period)
11
4
-63.6%
$369,081
$449,475
+21.8%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 15
12
10
8.4 6
5
4.1
3.8 2.4
1.5
1.2 0.3 0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Sold listing history 15
10
10
9
10
5
8
4
5
8
5 2
0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published December 2012 based on the data available at the end of November 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
Sep - Nov 2011
Sep - Nov 2012
% change
Total properties sold
76
72
-5.3%
Average price (sold)
$462,332
$479,682
+3.8%
$384
$427
+11.3%
Average days on market (sold)
76
66
-13.2%
Average sold price/list price %
95.7%
97.9%
+2.2%
Total pending properties (at end of period)
27
32
+18.5%
Total properties for sale (at end of period)
125
61
-51.2%
$596,041
$967,870
+62.4%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 10 9
8.1
8
6.5
7 6
4.7
4.9
4.9
5
3.9
4
2
3
2
2.5
2 1 0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Sold listing history 120
91
100 80
89
83 76
75 63
89 72
70
60 40 20 0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published December 2012 based on the data available at the end of November 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
Sep - Nov 2011
Sep - Nov 2012
% change
Total properties sold
92
111
+20.7%
Average price (sold)
$716,729
$807,565
+12.7%
$457
$477
+4.5%
Average days on market (sold)
68
117
+72.1%
Average sold price/list price %
93.1%
94.0%
+0.9%
Total pending properties (at end of period)
47
40
-14.9%
Total properties for sale (at end of period)
261
133
-49.0%
$1,618,910
$1,790,609
+10.6%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 15
10.8 10
8
7.9
8.5 7.5 5.9 4.3
5
3.6
3.6
0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Sold listing history 160
132
140 120
88
100 80
96
128 111
105
103 92
68
60 40 20 0 Sep-No v 10
Dec-Feb 11
M ar-M ay 11
Jun-A ug 11
Sep-No v 11
Dec-Feb 12
M ar-M ay 12
Jun-A ug 12
Sep-No v 12
Copyright John Aaroe Group 2012. Statistics generated by Real Data Strategies, Inc. using data supplied by CLAW. This report is published December 2012 based on the data available at the end of November 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.