Condominium Residences | November 2013
Curious about the market in other areas of Los Angeles? Just click the publication below for the latest statistics.
J O H N
A AR O E
aaroe Market report
aaroe Market report - san fernando valley
aaroe Market report - San Gabriel Valley
Single Family residences
single family residences | august 2012
Single Family residences | august 2012
G R O U P
Westside Single Family Residences
J O H N
A A RO E
GRO UP
J O H N
A A RO E
San Fernando Valley Single Family Residences
GRO UP
J O H N
A A RO E
GRO UP
J O H N
A A RO E
G R O U P
San Gabriel Valley Single Family Residences
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
Sherman Oaks
21
Silverlake - Echo Park
23
Studio City
25
West Hollywood
27
Westwood - Century City
29
Glossary 30
BEVERLY HILLS
Jul - Sep 2012
Jul - Sep 2013
% change
Total properties sold
31
23
-25.8%
Average price (sold)
$1,635,619
$1,346,083
-17.7%
$787
$763
-3.1%
Average days on market (sold)
111
62
-44.1%
Average sold price/list price %
95.6%
91.5%
-4.1%
Total pending properties (at end of period)
10
7
-30.0%
Total properties for sale (at end of period)
32
28
-12.5%
$1,695,122
$2,027,054
+19.6%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 20
15
13.4
10
7
6.2
5.1
5
3.8
3.1
2.9
3.7 2.1
0 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
Jul-Sep 13
Sold listing history 45 40
35
35
29
30
31
25
23
25 20
25
23
18 15
15 10 5 0 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
Jul-Sep 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 October 2013 based on the data available at the end of September 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
Jul - Sep 2012
Jul - Sep 2013
% change
Total properties sold
44
58
+31.8%
Average price (sold)
$706,109
$760,610
+7.7%
$439
$514
+16.9%
Average days on market (sold)
62
55
-11.3%
Average sold price/list price %
98.3%
100.2%
+1.9%
Total pending properties (at end of period)
13
8
-38.5%
Total properties for sale (at end of period)
34
37
+8.8%
$785,468
$756,597
-3.7%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6
5
4.9 5 4
3.3 2.6
3
2.8 2.3
2.3
1.9 2
1.4
1 0 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
Jul-Sep 13
Sold listing history 80
67 70
58
60 50
42
38
44
43 35
40
27
30
21
20 10 0 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
Jul-Sep 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 October 2013 based on the data available at the end of September 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
Jul - Sep 2012
Jul - Sep 2013
% change
Total properties sold
33
65
+97.0%
Average price (sold)
$305,088
$431,465
+41.4%
$291
$358
+23.1%
Average days on market (sold)
82
49
-40.2%
Average sold price/list price %
98.6%
101.5%
+2.9%
Total pending properties (at end of period)
22
10
-54.5%
Total properties for sale (at end of period)
13
14
+7.7%
$372,300
$508,357
+36.5%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6 5
4.6
4
3 3
2 2
1.2 0.8
0.7
1
0.9
0.7
0.6
0 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
Jul-Sep 13
Sold listing history 80
65
70 60
50
50 40
41 29
44
33
33
33
31
30 20 10 0 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
Jul-Sep 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 October 2013 based on the data available at the end of September 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
Jul - Sep 2012
Jul - Sep 2013
% change
Total properties sold
97
75
-22.7%
Average price (sold)
$487,622
$591,617
+21.3%
$442
$519
+17.3%
Average days on market (sold)
83
50
-39.8%
Average sold price/list price %
97.7%
96.8%
-0.9%
Total pending properties (at end of period)
49
30
-38.8%
Total properties for sale (at end of period)
59
103
+74.6%
$1,216,293
$703,556
-42.2%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 5
4.1
4 4
3
2.4
2.7
2.5 1.8
2
1.8
1.7
1.7
1
0 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
Jul-Sep 13
Sold listing history 120
97
98
100
87 77
80
89
79 65
75
70
60 40 20 0 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
Jul-Sep 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 October 2013 based on the data available at the end of September 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
Jul - Sep 2012
Jul - Sep 2013
% change
Total properties sold
30
25
-16.7%
Average price (sold)
$531,033
$650,460
+22.5%
$388
$471
+21.5%
Average days on market (sold)
103
79
-23.3%
Average sold price/list price %
98.4%
99.4%
+1.0%
Total pending properties (at end of period)
13
13
+0.00%
Total properties for sale (at end of period)
28
42
+50.0%
$615,179
$1,903,214
+209.4%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 25
18
20
15
11.2
10
5
4.6
5 2.8
5
2.1
3.2
1.9
0 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
Jul-Sep 13
Sold listing history 50
41
45
39
40 35
30 26
30
25 22
25 20 15
18 12 8
10 5 0 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
Jul-Sep 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 October 2013 based on the data available at the end of September 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
Jul - Sep 2012
Jul - Sep 2013
% change
Total properties sold
77
77
+0.00%
Average price (sold)
$682,782
$931,756
+36.5%
$430
$599
+39.3%
Average days on market (sold)
103
89
-13.6%
Average sold price/list price %
96.8%
96.9%
+0.1%
Total pending properties (at end of period)
32
15
-53.1%
Total properties for sale (at end of period)
74
100
+35.1%
$1,236,985
$1,064,769
-13.9%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 9
7.3
8 7
6.1
6.1
6 5
4.1
4
3
2.9
3.5
3.6
3.9
3 2 1 0 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
Jul-Sep 13
Sold listing history 90
77
80 70 60
72
71
77
61 55
53 44
50
40
40 30 20 10 0 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
Jul-Sep 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 October 2013 based on the data available at the end of September 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
Jul - Sep 2012
Jul - Sep 2013
% change
Total properties sold
31
39
+25.8%
Average price (sold)
$350,202
$419,933
+19.9%
$300
$374
+24.6%
Average days on market (sold)
61
45
-26.2%
Average sold price/list price %
98.6%
99.0%
+0.4%
Total pending properties (at end of period)
38
24
-36.8%
Total properties for sale (at end of period)
12
61
+408.3%
$451,292
$499,403
+10.7%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6
4.7
5 4
3.2
3.3 2.5
3 2
1.4
2
1.7
1.6 1.2
1 0 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
Jul-Sep 13
Sold listing history 60
48
47
50
38
41
40
39 31
28
29
29
30 20 10 0 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
Jul-Sep 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 October 2013 based on the data available at the end of September 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
Jul - Sep 2012
Jul - Sep 2013
% change
Total properties sold
121
113
-6.6%
Average price (sold)
$799,642
$948,392
+18.6%
$648
$706
+9.0%
Average days on market (sold)
68
49
-27.9%
Average sold price/list price %
98.9%
102.9%
+4.0%
Total pending properties (at end of period)
18
13
-27.8%
Total properties for sale (at end of period)
65
58
-10.8%
$1,027,155
$1,116,007
+8.7%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6
4.8 5
3.5
4
3.6
3
2.3 1.6
2
1.1
1.1
1.2
1.5
1 0 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
Jul-Sep 13
Sold listing history 140
121
100
109
107
120
80
80
73
106
113
77
74
60 40 20 0 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
Jul-Sep 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 October 2013 based on the data available at the end of September 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.
SHERMAN OAKS
Jul - Sep 2012
Jul - Sep 2013
% change
Total properties sold
84
90
+7.1%
Average price (sold)
$346,608
$411,690
+18.8%
$246
$309
+25.4%
Average days on market (sold)
100
40
-60.0%
Average sold price/list price %
97.4%
101.9%
+4.5%
Total pending properties (at end of period)
47
36
-23.4%
Total properties for sale (at end of period)
33
36
+9.1%
$478,594
$484,946
+1.3%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 7 6
5.5
5 4
3.3
3.2
3
1.6
2
1.6
1.2
1
1.2
0.4
1 0 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
Jul-Sep 13
Sold listing history 120 100 80
90
84 66
75
71
74
75 59
59 60 40 20 0 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
Jul-Sep 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 October 2013 based on the data available at the end of September 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
Jul - Sep 2012
Jul - Sep 2013
% change
Total properties sold
8
8
+0.00%
Average price (sold)
$407,750
$479,912
+17.7%
$347
$419
+20.7%
Average days on market (sold)
118
47
-60.2%
Average sold price/list price %
96.8%
100.5%
+3.7%
Total pending properties (at end of period)
-
2
-
Total properties for sale (at end of period)
2
4
+100.0%
$397,550
$394,450
-0.8%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 5
4 4
3 2.7
3
2 1.5
2
1
0.5
1.5
0.8
0.8
0 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
Jul-Sep 13
Sold listing history 15
12
10
9 8
8
8 6 4
5
4
3
0 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
Jul-Sep 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 October 2013 based on the data available at the end of September 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.
STUDIO CITY
Jul - Sep 2012
Jul - Sep 2013
% change
Total properties sold
38
47
+23.7%
Average price (sold)
$509,784
$499,855
-1.9%
$320
$344
+7.7%
Average days on market (sold)
83
42
-49.4%
Average sold price/list price %
95.6%
100.1%
+4.5%
Total pending properties (at end of period)
16
14
-12.5%
Total properties for sale (at end of period)
33
37
+12.1%
$655,761
$590,751
-9.9%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 6
4.9 5 4 3
2.4
2.6
2.4
2.2
2
1.2
1.2
0.7
1
0.8
0 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
Jul-Sep 13
Sold listing history 60
50 50 40
41 37 32
47
38 32
31
30
30 20 10 0 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
Jul-Sep 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 October 2013 based on the data available at the end of September 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
Jul - Sep 2012
Jul - Sep 2013
% change
Total properties sold
88
105
+19.3%
Average price (sold)
$538,608
$607,031
+12.7%
$442
$524
+18.7%
Average days on market (sold)
75
63
-16.0%
Average sold price/list price %
96.9%
99.7%
+2.8%
Total pending properties (at end of period)
23
14
-39.1%
Total properties for sale (at end of period)
72
84
+16.7%
$858,654
$833,511
-2.9%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 7 6
5.6
5 4
3.3
3.5 2.5
3
2
1.8
2.4
2.4
1.8
2 1 0 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
Jul-Sep 13
Sold listing history 140 120 100
105 79
88 78
80
92
88 75
71
66
60 40 20 0 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
Jul-Sep 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 October 2013 based on the data available at the end of September 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
Jul - Sep 2012
Jul - Sep 2013
% change
Total properties sold
128
155
+21.1%
Average price (sold)
$815,517
$1,003,040
+23.0%
$478
$597
+24.9%
Average days on market (sold)
110
65
-40.9%
Average sold price/list price %
93.8%
97.6%
+3.8%
Total pending properties (at end of period)
33
44
+33.3%
Total properties for sale (at end of period)
147
189
+28.6%
$1,688,024
$1,916,542
+13.5%
Average price per square foot (sold)
Average price of properties for sale
Months’ supply of inventory 9
7.7
8
6.6
7 6
5.1
5
4
3.7
3.4
4
3.1
3.4
3.7
3 2 1 0 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
Jul-Sep 13
Sold listing history 180
155 143
160
126
140 120
128
114 102
112
99
98
100 80 60 40 20 0 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
Jul-Sep 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 October 2013 based on the data available at the end of September 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.