WHAT IS A MARKET WITHIN A MARKET?
Just as the weather is different from Los Feliz to Santa Monica so is the Real Estate climate. While it may be cloudy & overcast in Marina del Rey, at the same exact time, it may be warm & sunny in the Mid Wilshire area. The Real Estate market works the same way. Year-to-year there may be a significant sales increase in Venice while at the same time there is an alarming drop in sales price from the Palms – Mar Vista area even though they are literally blocks from one another.
With our vast years of experience, we at Keller Williams have come to notice that like the need for a sweater by the beach and a T-shirt in the Valley, every market within a market has a very different climate and therefore requires its own set of statistics for you to truly understand what is going on in your neighborhood. Although you can easily access the broad national, state, and/or country trends published by the media, they may not have anything to do with what is occurring in your own backyard. After all, you wouldn’t watch a weather channel report for Seattle to decide if you need an umbrella that day would you?
WHY THIS BENEFITS YOU – OUR CLIENT
Our extensive experience & knowledge has led us to notice that markets within markets may be performing in a different way from one another and from national averages.
With the current stringent lending situation, having knowledge of the specialized market trends for the neighborhood you are contemplating is vital for true success in your transaction.
Don’t be mislead by ideas that are not actual facts. What is in fact occurring in the markets of those areas may be counterintuitive of notions or ideas you may have perceived from national averages. Knowledge is power and knowing all the facts will give you the power to make the most educated choice.
BEL AIR – HOLMBY HILLS
SFR
Q1 2018
Q1 2019
% CHANGE
Median Price ……………………..……. $2,305,000
Median Price ……………………..……. $1,625,000
-29.5%
Average Price per Square Foot ….…
$1,126
Average Price per Square Foot ….…
$705
-37.4%
Properties Sold ……………………….
31
Properties Sold ……………………….
24
-22.6%
Properties Pending Sale ………………
32
Properties Pending Sale ………………
36
12.5%
Properties For Sale …………….……...
204
Properties For Sale …………….……...
210
2.9%
Days on Market (Pending Sale) ….…..
113
Days on Market (Pending Sale) ….…..
62
-44.8%
Percent Under Contract ………….……
15.69%
Percent Under Contract ………….……
17.14%
9.3%
BEVERLY CENTER – MIRACLE MILE
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,810,000
Median Price ……………………..…….$2,200,000
21.5%
Average Price per Square Foot ….…
$794
Average Price per Square Foot ….…
$865
8.9%
Properties Sold ……………………….
43
Properties Sold ……………………….
31
-27.9%
Properties Pending Sale ………………
53
Properties Pending Sale ………………
38
-28.3%
Properties For Sale …………….……...
125
Properties For Sale …………….……...
119
-4.8%
Days on Market (Pending Sale) ….…..
54
Days on Market (Pending Sale) ….…..
53
-2.8%
Percent Under Contract ………….……
42.40%
Percent Under Contract ………….……
31.93%
-24.7%
BEVERLY CENTER – MIRACLE MILE
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $847,500
34.2%
Average Price per Square Foot ….…
$670
0.4%
10
Properties Sold ……………………….
20
100.0%
Properties Pending Sale ………………
21
Properties Pending Sale ………………
30
42.9%
Properties For Sale …………….……...
39
Properties For Sale …………….……...
64
64.1%
Days on Market (Pending Sale) ….…..
32
Days on Market (Pending Sale) ….…..
71
121.4%
Percent Under Contract ………….……
53.85%
Percent Under Contract ………….……
46.88%
-12.9%
Median Price ……………………..…….
$631,575
Average Price per Square Foot ….…
$667
Properties Sold ……………………….
BEVERLY HILLS
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $6,602,500
Median Price ……………………..…….$6,885,000
4.3%
Average Price per Square Foot ….…
$1,700
Average Price per Square Foot ….…
$1,443
-15.1%
Properties Sold ……………………….
32
Properties Sold ……………………….
24
-25.0%
Properties Pending Sale ………………
32
Properties Pending Sale ………………
28
-12.5%
Properties For Sale …………….……...
158
Properties For Sale …………….……...
191
20.9%
Days on Market (Pending Sale) ….…..
68
Days on Market (Pending Sale) ….…..
80
17.4%
Percent Under Contract ………….……
20.25%
Percent Under Contract ………….……
14.66%
-27.6%
BEVERLY HILLS
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $1,232,500
Median Price ……………………..…….$1,215,000
-1.4%
Average Price per Square Foot ….…
$763
Average Price per Square Foot ….…
$816
6.9%
Properties Sold ……………………….
22
Properties Sold ……………………….
14
-36.4%
Properties Pending Sale ………………
28
Properties Pending Sale ………………
23
-17.9%
Properties For Sale …………….……...
73
Properties For Sale …………….……...
76
4.1%
Days on Market (Pending Sale) ….…..
51
Days on Market (Pending Sale) ….…..
67
31.5%
Percent Under Contract ………….……
38.36%
Percent Under Contract ………….……
30.26%
-21.1%
BEVERLY HILLS P.O.
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $2,407,000
Median Price ……………………..…….$2,900,000
20.5%
Average Price per Square Foot ….…
$872
Average Price per Square Foot ….…
$1,110
27.3%
Properties Sold ……………………….
33
Properties Sold ……………………….
17
-48.5%
Properties Pending Sale ………………
40
Properties Pending Sale ………………
23
-42.5%
Properties For Sale …………….……...
221
Properties For Sale …………….……...
209
5.4%
Days on Market (Pending Sale) ….…..
90
Days on Market (Pending Sale) ….…..
93
3.9%
Percent Under Contract ………….……
18.10%
Percent Under Contract ………….……
11%
-39.2%
BEVERLYWOOD
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,527,564
Median Price ……………………..…….$1,550,000
1.5%
Average Price per Square Foot ….…
$752
Average Price per Square Foot ….…
$808
7.4%
Properties Sold ……………………….
28
Properties Sold ……………………….
27
-3.6%
Properties Pending Sale ………………
39
Properties Pending Sale ………………
33
-15.4%
Properties For Sale …………….……...
85
Properties For Sale …………….……...
89
4.7%
Days on Market (Pending Sale) ….…..
44
Days on Market (Pending Sale) ….…..
48
8.7%
Percent Under Contract ………….……
45.88%
Percent Under Contract ………….……
37.08%
-19.2%
BRENTWOOD
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $3,205,000
Median Price ……………………..……. $3,135,000
-2.2%
Average Price per Square Foot ….…
$1,035
Average Price per Square Foot ….…
$1,028
-0.7%
Properties Sold ……………………….
57
Properties Sold ……………………….
47
-17.5%
Properties Pending Sale ………………
58
Properties Pending Sale ………………
57
-1.7%
Properties For Sale …………….……...
236
Properties For Sale …………….……...
224
-5.1%
Days on Market (Pending Sale) ….…..
67
Days on Market (Pending Sale) ….…..
63
-5.6%
Percent Under Contract ………….……
24.58%
Percent Under Contract ………….……
25.45%
3.5%
BRENTWOOD
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $832,000
Median Price ……………………..……. $758,000
-8.9%
Average Price per Square Foot ….…
$667
Average Price per Square Foot ….…
$662
-0.7%
Properties Sold ……………………….
27
Properties Sold ……………………….
28
3.7%
Properties Pending Sale ………………
32
Properties Pending Sale ………………
32
0.0%
Properties For Sale …………….……...
75
Properties For Sale …………….……...
81
8.0%
Days on Market (Pending Sale) ….…..
38
Days on Market (Pending Sale) ….…..
44
15.8%
Percent Under Contract ………….……
42.67%
Percent Under Contract ………….……
39.51%
-7.4%
BURBANK
SFR
Q1 2018
Q1 2019
% CHANGE
Median Price ……………………..……. $912,500
9.0%
Average Price per Square Foot ….…
$547
2.6%
118
Properties Sold ……………………….
102
-13.6%
Properties Pending Sale ………………
117
Properties Pending Sale ………………
118
0.9%
Properties For Sale …………….……...
225
Properties For Sale …………….……...
226
0.4%
Days on Market (Pending Sale) ….…..
31
Days on Market (Pending Sale) ….…..
50
59.9%
Percent Under Contract ………….……
52%
Percent Under Contract ………….……
52.21%
0.4%
Median Price ……………………..…….
$837,500
Average Price per Square Foot ….…
$533
Properties Sold ……………………….
BURBANK
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $537,500
-5.7%
Average Price per Square Foot ….…
$476
6.2%
41
Properties Sold ……………………….
22
-46.3%
Properties Pending Sale ………………
31
Properties Pending Sale ………………
24
22.6%
Properties For Sale …………….……...
62
Properties For Sale …………….……...
48
-22.6%
Days on Market (Pending Sale) ….…..
45
Days on Market (Pending Sale) ….…..
40
-11.2%
Percent Under Contract ………….……
50%
Percent Under Contract ………….……
50%
0.0%
Median Price ……………………..…….
$570,000
Average Price per Square Foot ….…
$448
Properties Sold ……………………….
CALABASAS
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,400,000
Median Price ……………………..…….$1,211,500
-13.5%
Average Price per Square Foot ….…
$485
Average Price per Square Foot ….…
$461
-4.9%
Properties Sold ……………………….
45
Properties Sold ……………………….
37
-17.8%
Properties Pending Sale ………………
70
Properties Pending Sale ………………
54
-22.9%
Properties For Sale …………….……...
198
Properties For Sale …………….……...
175
-11.6%
Days on Market (Pending Sale) ….…..
59
Days on Market (Pending Sale) ….…..
70
18.7%
Percent Under Contract ………….……
35.35%
Percent Under Contract ………….……
30.86%
-12.7%
CALABASAS
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $510,000
Median Price ……………………..……. $562,000
10.2%
Average Price per Square Foot ….…
$397
Average Price per Square Foot ….…
$449
13.1%
Properties Sold ……………………….
12
Properties Sold ……………………….
9
-25.0%
Properties Pending Sale ………………
12
Properties Pending Sale ………………
9
-25.0%
Properties For Sale …………….……...
24
Properties For Sale …………….……...
25
4.2%
Days on Market (Pending Sale) ….…..
25
Days on Market (Pending Sale) ….…..
56
119.0%
Percent Under Contract ………….……
50%
Percent Under Contract ………….……
36%
-28%
CHEVIOT HILLS-RANCH PARK
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $2,010,000
Median Price ……………………..…….$2,289,000
13.9%
Average Price per Square Foot ….…
$896
Average Price per Square Foot ….…
$898
0.2%
Properties Sold ……………………….
16
Properties Sold ……………………….
14
-12.5%
Properties Pending Sale ………………
17
Properties Pending Sale ………………
22
29.4%
Properties For Sale …………….……...
40
Properties For Sale …………….……...
43
7.5%
Days on Market (Pending Sale) ….…..
48
Days on Market (Pending Sale) ….…..
53
9.3%
Percent Under Contract ………….……
42.50%
Percent Under Contract ………….……
51.16%
20.4%
CULVER CITY
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,356,312
Median Price ……………………..…….$1,287,500
-5.1%
Average Price per Square Foot ….…
$838
Average Price per Square Foot ….…
$844
0.7%
Properties Sold ……………………….
38
Properties Sold ……………………….
44
15.8%
Properties Pending Sale ………………
51
Properties Pending Sale ………………
60
17.6%
Properties For Sale …………….……...
97
Properties For Sale …………….……...
111
14.4%
Days on Market (Pending Sale) ….…..
35
Days on Market (Pending Sale) ….…..
36
4.5%
Percent Under Contract ………….……
52.58%
Percent Under Contract ………….……
54.05%
2.8%
CULVER CITY
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $581,000
-0.9%
Average Price per Square Foot ….…
$566
5%
37
Properties Sold ……………………….
34
-8.1%
Properties Pending Sale ………………
34
Properties Pending Sale ………………
38
11.8%
Properties For Sale …………….……...
48
Properties For Sale …………….……...
57
18.8%
Days on Market (Pending Sale) ….…..
18
Days on Market (Pending Sale) ….…..
59
222.9%
Percent Under Contract ………….……
70.83%
Percent Under Contract ………….……
66.67%
-5.9%
Median Price ……………………..…….
$586,000
Average Price per Square Foot ….…
$539
Properties Sold ……………………….
DOWNTOWN
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $366,430
Median Price ……………………..……. $428,000
16.8%
Average Price per Square Foot ….…
$377
Average Price per Square Foot ….…
$330
-12.5%
Properties Sold ……………………….
24
Properties Sold ……………………….
23
-4.2%
Properties Pending Sale ………………
26
Properties Pending Sale ………………
28
7.7%
Properties For Sale …………….……...
85
Properties For Sale …………….……...
82
-3.5%
Days on Market (Pending Sale) ….…..
27
Days on Market (Pending Sale) ….…..
41
48.8%
Percent Under Contract ………….……
30.59%
Percent Under Contract ………….……
34.15%
11.6%
DOWNTOWN
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $610,000
0.0%
Average Price per Square Foot ….…
$703
-1.8%
109
Properties Sold ……………………….
76
-30.3%
Properties Pending Sale ………………
119
Properties Pending Sale ………………
83
-30.3%
Properties For Sale …………….……...
322
Properties For Sale …………….……...
325
0.9%
Days on Market (Pending Sale) ….…..
61
Days on Market (Pending Sale) ….…..
80
31.9%
Percent Under Contract ………….……
36.96%
Percent Under Contract ………….……
25.54%
-30.9%
Median Price ……………………..…….
$610,000
Average Price per Square Foot ….…
$716
Properties Sold ……………………….
ENCINO
SFR
Q1 2018
Q1 2019
% CHANGE
Median Price ……………………..……. $1,535,000
Median Price ……………………..…….$1,433,250
-6.6%
Average Price per Square Foot ….…
$533
Average Price per Square Foot ….…
$549
3.0%
Properties Sold ……………………….
83
Properties Sold ……………………….
78
-6.0%
Properties Pending Sale ………………
98
Properties Pending Sale ………………
82
-16.3%
Properties For Sale …………….……...
305
Properties For Sale …………….……...
303
-0.7%
Days on Market (Pending Sale) ….…..
51
Days on Market (Pending Sale) ….…..
66
29.5%
Percent Under Contract ………….……
32.13%
Percent Under Contract ………….……
27.06%
-15.8%
ENCINO
CONDO
Q1 2018
Q1 2019
% CHANGE
Median Price ……………………..……. $385,000
-7.7%
Average Price per Square Foot ….…
$370
-3.6%
48
Properties Sold ……………………….
36
-25.0%
Properties Pending Sale ………………
48
Properties Pending Sale ………………
40
-16.7%
Properties For Sale …………….……...
86
Properties For Sale …………….……...
95
10.5%
Days on Market (Pending Sale) ….…..
43
Days on Market (Pending Sale) ….…..
64
49.9%
Percent Under Contract ………….……
55.81%
Percent Under Contract ………….……
42.11%
-24.6%
Median Price ……………………..…….
$417,000
Average Price per Square Foot ….…
$384
Properties Sold ……………………….
HANCOCK PARK-WILSHIRE
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,790,000
Median Price ……………………..…….$1,670,950
-6.7%
Average Price per Square Foot ….…
$653
Average Price per Square Foot ….…
$830
27.1%
Properties Sold ……………………….
45
Properties Sold ……………………….
48
6.7%
Properties Pending Sale ………………
60
Properties Pending Sale ………………
65
8.3%
Properties For Sale …………….……...
161
Properties For Sale …………….……...
197
22.4%
Days on Market (Pending Sale) ….…..
59
Days on Market (Pending Sale) ….…..
58
-1.4%
Percent Under Contract ………….……
37.27%
Percent Under Contract ………….……
32.99%
-11.5%
HOLLYWOOD
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,225,000
Median Price ……………………..……. $1,272,500
3.9%
Average Price per Square Foot ….…
$677
Average Price per Square Foot ….…
$828
22.3%
Properties Sold ……………………….
19
Properties Sold ……………………….
14
-26.3%
Properties Pending Sale ………………
23
Properties Pending Sale ………………
22
-4.3%
Properties For Sale …………….……...
73
Properties For Sale …………….……...
79
8.2%
Days on Market (Pending Sale) ….…..
54
Days on Market (Pending Sale) ….…..
62
15.8%
Percent Under Contract ………….……
31.51%
Percent Under Contract ………….……
27.85%
-11.6%
HOLLYWOOD
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $709,000
3.3%
Average Price per Square Foot ….…
$576
2.3%
20
Properties Sold ……………………….
21
5.0%
Properties Pending Sale ………………
27
Properties Pending Sale ………………
27
0.0%
Properties For Sale …………….……...
78
Properties For Sale …………….……...
75
-3.8%
Days on Market (Pending Sale) ….…..
67
Days on Market (Pending Sale) ….…..
79
18.0%
Percent Under Contract ………….……
34.62%
Percent Under Contract ………….……
36%
4.0%
Median Price ……………………..…….
$686,500
Average Price per Square Foot ….…
$563
Properties Sold ……………………….
HOLLYWOOD HILLS EAST
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,383,500
Median Price ……………………..…….$1,357,500
-1.9%
Average Price per Square Foot ….…
$616
Average Price per Square Foot ….…
$684
11.0%
Properties Sold ……………………….
30
Properties Sold ……………………….
32
6.7%
Properties Pending Sale ………………
40
Properties Pending Sale ………………
32
-20.0%
Properties For Sale …………….……...
123
Properties For Sale …………….……...
109
-11.4%
Days on Market (Pending Sale) ….…..
58
Days on Market (Pending Sale) ….…..
42
-27.7%
Percent Under Contract ………….……
32.52%
Percent Under Contract ………….……
29.36%
-9.7%
LOS FELIZ
SFR
Q1 2018
Q1 2019
% CHANGE
Median Price ……………………..……. $1,725,000
Median Price ……………………..…….$1,710,000
-0.9%
Average Price per Square Foot ….…
$737
Average Price per Square Foot ….…
$770
4.5%
Properties Sold ……………………….
45
Properties Sold ……………………….
34
-24.4%
Properties Pending Sale ………………
51
Properties Pending Sale ………………
45
-11.8%
Properties For Sale …………….……...
125
Properties For Sale …………….……...
130
4.0%
Days on Market (Pending Sale) ….…..
50
Days on Market (Pending Sale) ….…..
59
17.5%
Percent Under Contract ………….……
40.80%
Percent Under Contract ………….……
34.62%
-15.2%
LOS FELIZ
CONDO
Q1 2018
Q1 2019
% CHANGE
Median Price ……………………..……. $735,000
Median Price ……………………..……. $640,275
-12.9%
Average Price per Square Foot ….…
$677
Average Price per Square Foot ….…
$570
-15.8%
Properties Sold ……………………….
7
Properties Sold ……………………….
6
-14.3%
Properties Pending Sale ………………
7
Properties Pending Sale ………………
8
14.3%
Properties For Sale …………….……...
10
Properties For Sale …………….……...
14
40.0%
Days on Market (Pending Sale) ….…..
61
Days on Market (Pending Sale) ….…..
51
-15.8%
Percent Under Contract ………….……
70%
Percent Under Contract ………….……
57.14%
-18.4%
MALIBU
SFR
Q1 2018
Q1 2019
% CHANGE
Median Price ……………………..……. $2,475,000
Median Price ……………………..……. $3,252,500
31.4%
Average Price per Square Foot ….…
$848
Average Price per Square Foot ….…
$945
9.1%
Properties Sold ……………………….
37
Properties Sold ……………………….
16
-56.8%
Properties Pending Sale ………………
38
Properties Pending Sale ………………
25
-34.2%
Properties For Sale …………….……...
271
Properties For Sale …………….……...
240
-11.4%
Days on Market (Pending Sale) ….…..
102
Days on Market (Pending Sale) ….…..
91
-11.2%
Percent Under Contract ………….……
14.02%
Percent Under Contract ………….……
10.42%
-25.7%
MALIBU BEACH
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $5,447,614
Median Price ……………………..…….$5,800,000
6.5%
Average Price per Square Foot ….…
$2,064
Average Price per Square Foot ….…
$2,975
44.1%
Properties Sold ……………………….
13
Properties Sold ……………………….
8
-38.5%
Properties Pending Sale ………………
12
Properties Pending Sale ………………
8
-33.3%
Properties For Sale …………….……...
104
Properties For Sale …………….……...
90
-13.5%
Days on Market (Pending Sale) ….…..
184
Days on Market (Pending Sale) ….…..
140
-23.9%
Percent Under Contract ………….……
11.54%
Percent Under Contract ………….……
8.89%
-23.0%
MARINA DEL REY
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,451,550
Median Price ……………………..……. $1,309,980
-9.8%
Average Price per Square Foot ….…
$867
Average Price per Square Foot ….…
$852
-1.7%
Properties Sold ……………………….
19
Properties Sold ……………………….
17
-10.5%
Properties Pending Sale ………………
23
Properties Pending Sale ………………
24
4.3%
Properties For Sale …………….……...
52
Properties For Sale …………….……...
63
21.2%
Days on Market (Pending Sale) ….…..
58
Days on Market (Pending Sale) ….…..
70
20.2%
Percent Under Contract ………….……
44.23%
Percent Under Contract ………….……
38.10%
-13.9%
MARINA DEL REY
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $925,000
-5.6%
Average Price per Square Foot ….…
$725
-5.7%
56
Properties Sold ……………………….
47
-16.1%
Properties Pending Sale ………………
56
Properties Pending Sale ………………
52
-7.1%
Properties For Sale …………….……...
140
Properties For Sale …………….……...
161
15.0%
Days on Market (Pending Sale) ….…..
29
Days on Market (Pending Sale) ….…..
50
73.4%
Percent Under Contract ………….……
40%
Percent Under Contract ………….……
32.30%
-19.3%
Median Price ……………………..…….
$979,500
Average Price per Square Foot ….…
$769
Properties Sold ……………………….
MID LOS ANGELES
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $805,000
7.5%
Average Price per Square Foot ….…
$508
7.6%
90
Properties Sold ……………………….
204
-30%
Properties Pending Sale ………………
97
Properties Pending Sale ………………
79
-18.6%
Properties For Sale …………….……...
221
Properties For Sale …………….……...
63
-7.7%
Days on Market (Pending Sale) ….…..
50
Days on Market (Pending Sale) ….…..
48
-2.8%
Percent Under Contract ………….……
43.89%
Percent Under Contract ………….……
38.73%
-11.8%
Median Price ……………………..…….
$748,500
Average Price per Square Foot ….…
$472
Properties Sold ……………………….
MID WILSHIRE
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,137,500
Median Price ……………………..……. $850,000
-25.3%
Average Price per Square Foot ….…
$528
Average Price per Square Foot ….…
$420
-20.5%
Properties Sold ……………………….
10
Properties Sold ……………………….
7
-30.0%
Properties Pending Sale ………………
12
Properties Pending Sale ………………
9
-25.0%
Properties For Sale …………….……...
42
Properties For Sale …………….……...
56
33.3%
Days on Market (Pending Sale) ….…..
64
Days on Market (Pending Sale) ….…..
48
-25.1%
Percent Under Contract ………….……
28.57%
Percent Under Contract ………….……
16.07%
-43.7%
PACIFIC PALISADES
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $3,285,344
Median Price ……………………..…….$3,080,000
-6.3%
Average Price per Square Foot ….…
$1,142
Average Price per Square Foot ….…
$1,131
-1.0%
Properties Sold ……………………….
46
Properties Sold ……………………….
33
-28.3%
Properties Pending Sale ………………
61
Properties Pending Sale ………………
41
-32.8%
Properties For Sale …………….……...
176
Properties For Sale …………….……...
179
1.7%
Days on Market (Pending Sale) ….…..
58
Days on Market (Pending Sale) ….…..
51
-13.0%
Percent Under Contract ………….……
34.66%
Percent Under Contract ………….……
22.91%
-33.9%
PALMS – MAR VISTA
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,582,500
Median Price ……………………..…….$1,500,000
-5.2%
Average Price per Square Foot ….…
$811
Average Price per Square Foot ….…
$833
2.7%
Properties Sold ……………………….
76
Properties Sold ……………………….
75
-1.3%
Properties Pending Sale ………………
88
Properties Pending Sale ………………
79
-10.2%
Properties For Sale …………….……...
151
Properties For Sale …………….……...
148
-2.0%
Days on Market (Pending Sale) ….…..
37
Days on Market (Pending Sale) ….…..
44
18.7%
Percent Under Contract ………….……
58.28%
Percent Under Contract ………….……
53.38%
-8.4%
PLAYA DEL REY
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..…….$1,700,000
Median Price ……………………..……. $1,645,000
-3.2%
Average Price per Square Foot ….…
$614
Average Price per Square Foot ….…
$644
4.9%
Properties Sold ……………………….
14
Properties Sold ……………………….
18
28.6%
Properties Pending Sale ………………
18
Properties Pending Sale ………………
14
-22.2%
Properties For Sale …………….……...
54
Properties For Sale …………….……...
34
-37.0%
Days on Market (Pending Sale) ….…..
41
Days on Market (Pending Sale) ….…..
83
103.6%
Percent Under Contract ………….……
33.33%
Percent Under Contract ………….……
41.18%
23.5%
PLAYA DEL REY
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $625,000
-0.8%
Average Price per Square Foot ….…
$574
-3.2%
24
Properties Sold ……………………….
23
-4.2%
Properties Pending Sale ………………
26
Properties Pending Sale ………………
26
0.0%
Properties For Sale …………….……...
42
Properties For Sale …………….……...
45
7.1%
Days on Market (Pending Sale) ….…..
29
Days on Market (Pending Sale) ….…..
26
-9.4%
Percent Under Contract ………….……
61.90%
Percent Under Contract ………….……
57.78%
-6.7%
Median Price ……………………..…….
$630,000
Average Price per Square Foot ….…
$593
Properties Sold ……………………….
PLAYA VISTA
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..…….$2,094,500
Median Price ……………………..……. $1,864,250
-11.0%
Average Price per Square Foot ….…
$815
Average Price per Square Foot ….…
$721
-11.5%
Properties Sold ……………………….
4
Properties Sold ……………………….
4
0.0%
Properties Pending Sale ………………
7
Properties Pending Sale ………………
5
-28.6%
Properties For Sale …………….……...
15
Properties For Sale …………….……...
17
13.3%
Days on Market (Pending Sale) ….…..
28
Days on Market (Pending Sale) ….…..
99
250.0%
Percent Under Contract ………….……
46.67%
Percent Under Contract ………….……
26.41%
-37.0%
PLAYA VISTA
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $1,003,500
8.5%
Average Price per Square Foot ….…
$721
-7.0%
13
Properties Sold ……………………….
17
30.8%
Properties Pending Sale ………………
22
Properties Pending Sale ………………
27
22.7%
Properties For Sale …………….……...
39
Properties For Sale …………….……...
68
74.4%
Days on Market (Pending Sale) ….…..
23
Days on Market (Pending Sale) ….…..
50
115.3%
Percent Under Contract ………….……
56.41%
Percent Under Contract ………….……
39.71%
-29.6%
Median Price ……………………..…….
$925,000
Average Price per Square Foot ….…
$775
Properties Sold ……………………….
RESEDA
SFR
Q1 2018
Q1 2019
% CHANGE
Median Price ……………………..……. $530,000
Median Price ……………………..……. $541,000
2.1%
Average Price per Square Foot ….…
$377
Average Price per Square Foot ….…
$392
4.0%
Properties Sold ……………………….
69
Properties Sold ……………………….
65
-5.8%
Properties Pending Sale ………………
75
Properties Pending Sale ………………
78
4.0%
Properties For Sale …………….……...
151
Properties For Sale …………….……...
162
7.3%
Days on Market (Pending Sale) ….…..
40
Days on Market (Pending Sale) ….…..
40
0.0%
Percent Under Contract ………….……
49.67%
Percent Under Contract ………….……
48.15%
-3.1%
RESEDA
CONDO
Q1 2018
Q1 2019
% CHANGE
Median Price ……………………..……. $355,600
Median Price ……………………..……. $377,500
6.2%
Average Price per Square Foot ….…
$286
Average Price per Square Foot ….…
$322
12.6%
Properties Sold ……………………….
18
Properties Sold ……………………….
12
-33.3%
Properties Pending Sale ………………
16
Properties Pending Sale ………………
13
-18.8%
Properties For Sale …………….……...
23
Properties For Sale …………….……...
38
65.2%
Days on Market (Pending Sale) ….…..
29
Days on Market (Pending Sale) ….…..
57
97.2%
Percent Under Contract ………….……
69.57%
Percent Under Contract ………….……
34.21%
-50.8%
SANTA MONICA
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..…….$2,628,444
$2,281,500 Median Price ……………………..…….
-13.2%
Average Price per Square Foot ….…
$1,080
Average Price per Square Foot ….…
$1,192
10.4%
Properties Sold ……………………….
38
Properties Sold ……………………….
36
-5.3%
Properties Pending Sale ………………
45
Properties Pending Sale ………………
46
2.2%
Properties For Sale …………….……...
149
Properties For Sale …………….……...
137
-8.1%
Days on Market (Pending Sale) ….…..
44
Days on Market (Pending Sale) ….…..
67
51.2%
Percent Under Contract ………….……
30.20%
Percent Under Contract ………….……
33.58%
11.2%
SANTA MONICA
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $1,140,000
Median Price ……………………..……. $975,000
-14.5%
Average Price per Square Foot ….…
$975
Average Price per Square Foot ….…
$1,150
17.9%
Properties Sold ……………………….
65
Properties Sold ……………………….
45
-30.8%
Properties Pending Sale ………………
82
Properties Pending Sale ………………
58
-29.3%
Properties For Sale …………….……...
192
Properties For Sale …………….……...
162
-15.6%
Days on Market (Pending Sale) ….…..
43
Days on Market (Pending Sale) ….…..
46
7.5%
Percent Under Contract ………….……
42.71%
Percent Under Contract ………….……
35.80%
-16.2%
SHERMAN OAKS
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,250,000
Median Price ……………………..……. $1,215,000
-2.8%
Average Price per Square Foot ….…
$582
Average Price per Square Foot ….…
$552
-5.2%
Properties Sold ……………………….
133
Properties Sold ……………………….
100
-24.8%
Properties Pending Sale ………………
154
Properties Pending Sale ………………
114
-26.0%
Properties For Sale …………….……...
320
Properties For Sale …………….……...
301
-5.9%
Days on Market (Pending Sale) ….…..
46
Days on Market (Pending Sale) ….…..
64
39.9%
Percent Under Contract ………….……
48.12%
Percent Under Contract ………….……
37.87%
-21.3%
SHERMAN OAKS
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $502,500
-8.1%
Average Price per Square Foot ….…
$412
-0.7%
50
Properties Sold ……………………….
34
-32.0%
Properties Pending Sale ………………
58
Properties Pending Sale ………………
40
-31.0%
Properties For Sale …………….……...
88
Properties For Sale …………….……...
86
-2.3%
Days on Market (Pending Sale) ….…..
31
Days on Market (Pending Sale) ….…..
53
71.7%
Percent Under Contract ………….……
65.91%
Percent Under Contract ………….……
46.51%
-29.4%
Median Price ……………………..…….
$547,000
Average Price per Square Foot ….…
$415
Properties Sold ……………………….
SILVER LAKE – ECHO PARK
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $975,000
6.6%
Average Price per Square Foot ….…
$725
1.7%
79
Properties Sold ……………………….
61
-22.8%
Properties Pending Sale ………………
91
Properties Pending Sale ………………
76
-16.5%
Properties For Sale …………….……...
181
Properties For Sale …………….……...
193
6.6%
Days on Market (Pending Sale) ….…..
49
Days on Market (Pending Sale) ….…..
35
-27.5%
Percent Under Contract ………….……
50.28%
Percent Under Contract ………….……
39.38%
-21.7%
Median Price ……………………..…….
$915,000
Average Price per Square Foot ….…
$713
Properties Sold ……………………….
STUDIO CITY
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,592,500
Median Price ……………………..……. $1,585,000
-0.5%
Average Price per Square Foot ….…
$619
Average Price per Square Foot ….…
$702
13.4%
Properties Sold ……………………….
80
Properties Sold ……………………….
64
-20.0%
Properties Pending Sale ………………
94
Properties Pending Sale ………………
80
-14.9%
Properties For Sale …………….……...
222
Properties For Sale …………….……...
199
-10.4%
Days on Market (Pending Sale) ….…..
45
Days on Market (Pending Sale) ….…..
56
23.8%
Percent Under Contract ………….……
42.34%
Percent Under Contract ………….……
40.20%
-5.1%
STUDIO CITY
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $664,500
7.2%
Average Price per Square Foot ….…
$478
-6.1%
24
Properties Sold ……………………….
24
0.0%
Properties Pending Sale ………………
19
Properties Pending Sale ………………
31
63.2%
Properties For Sale …………….……...
39
Properties For Sale …………….……...
59
51.3%
Days on Market (Pending Sale) ….…..
56
Days on Market (Pending Sale) ….…..
61
8.3%
Percent Under Contract ………….……
48.72%
Percent Under Contract ………….……
52.54%
7.9%
Median Price ……………………..…….
$620,000
Average Price per Square Foot ….…
$509
Properties Sold ……………………….
SUNSET STRIP – HOLLYWOOD HILLS WEST
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,860,000
Median Price ……………………..…….$2,017,000
8.4%
Average Price per Square Foot ….…
$916
Average Price per Square Foot ….…
$965
5.3%
Properties Sold ……………………….
92
Properties Sold ……………………….
73
-20.7%
Properties Pending Sale ………………
108
Properties Pending Sale ………………
85
-21.3%
Properties For Sale …………….……...
544
Properties For Sale …………….……...
485
-10.8%
Days on Market (Pending Sale) ….…..
62
Days on Market (Pending Sale) ….…..
66
6.4%
Percent Under Contract ………….……
19.85%
Percent Under Contract ………….……
17.53%
-11.7%
SUNSET STRIP – HOLLYWOOD HILLS WEST
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $600,500
-3.9%
Average Price per Square Foot ….…
$715
22.9%
19
Properties Sold ……………………….
17
-10.5%
Properties Pending Sale ………………
26
Properties Pending Sale ………………
19
-26.9%
Properties For Sale …………….……...
60
Properties For Sale …………….……...
72
20.0%
Days on Market (Pending Sale) ….…..
59
Days on Market (Pending Sale) ….…..
58
-1.5%
Percent Under Contract ………….……
43.33%
Percent Under Contract ………….……
26.39%
-39.1%
Median Price ……………………..…….
$625,000
Average Price per Square Foot ….…
$582
Properties Sold ……………………….
TOPANGA
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,083,000
Median Price ……………………..…….$1,140,000
5.3%
Average Price per Square Foot ….…
$517
Average Price per Square Foot ….…
$715
38.3%
Properties Sold ……………………….
21
Properties Sold ……………………….
20
-4.8%
Properties Pending Sale ………………
19
Properties Pending Sale ………………
29
52.6%
Properties For Sale …………….……...
94
Properties For Sale …………….……...
87
-7.4%
Days on Market (Pending Sale) ….…..
86
Days on Market (Pending Sale) ….…..
54
-37.9%
Percent Under Contract ………….……
20.21%
Percent Under Contract ………….……
33.33%
64.9%
TARZANA
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,125,000
Median Price ……………………..…….$1,279,500
13.7%
Average Price per Square Foot ….…
$444
Average Price per Square Foot ….…
$434
-2.3%
Properties Sold ……………………….
68
Properties Sold ……………………….
46
-32.4%
Properties Pending Sale ………………
78
Properties Pending Sale ………………
55
-29.5%
Properties For Sale …………….……...
239
Properties For Sale …………….……...
180
-24.7%
Days on Market (Pending Sale) ….…..
53
Days on Market (Pending Sale) ….…..
61
15.5%
Percent Under Contract ………….……
32.64%
Percent Under Contract ………….……
30.56%
-6.4%
TARZANA
CONDO
Q1 2018
Q1 2019
% CHANGE
Median Price ……………………..……. $355,000
2.9%
Average Price per Square Foot ….…
$329
-8.1%
23
Properties Sold ……………………….
15
-34.8%
Properties Pending Sale ………………
34
Properties Pending Sale ………………
22
-35.3%
Properties For Sale …………….……...
58
Properties For Sale …………….……...
49
-15.5%
Days on Market (Pending Sale) ….…..
40
Days on Market (Pending Sale) ….…..
44
9.2%
Percent Under Contract ………….……
58.62%
Percent Under Contract ………….……
44.90%
-23.4%
Median Price ……………………..…….
$345,000
Average Price per Square Foot ….…
$358
Properties Sold ……………………….
VENICE
SFR
Q1 2018
Q1 2019
% CHANGE
Median Price ……………………..…….$2,000,000
Median Price ……………………..……. $2,150,000
7.5%
Average Price per Square Foot ….…
$1,101
Average Price per Square Foot ….…
$1,135
3.1%
Properties Sold ……………………….
43
Properties Sold ……………………….
37
-14.0%
Properties Pending Sale ………………
43
Properties Pending Sale ………………
44
2.3%
Properties For Sale …………….……...
151
Properties For Sale …………….……...
136
-9.9%
Days on Market (Pending Sale) ….…..
54
Days on Market (Pending Sale) ….…..
67
22.6%
Percent Under Contract ………….……
28.48%
Percent Under Contract ………….……
32.35%
13.6%
VENICE
CONDO
Q1 2018
Q1 2019
% CHANGE
Median Price ……………………..……. $1,480,000
Median Price ……………………..…….$1,276,500
-13.8%
Average Price per Square Foot ….…
$861
Average Price per Square Foot ….…
$1,059
23.0%
Properties Sold ……………………….
6
Properties Sold ……………………….
2
-66.7%
Properties Pending Sale ………………
6
Properties Pending Sale ………………
0
-100.0%
Properties For Sale …………….……...
20
Properties For Sale …………….……...
12
-40.0%
Days on Market (Pending Sale) ….…..
230
Days on Market (Pending Sale) ….…..
0
-100.0%
Percent Under Contract ………….……
30.00%
Percent Under Contract ………….……
0.00%
-100.0%
WEST HOLLYWOOD
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,975,000
Median Price ……………………..…….$1,900,000
-3.8%
Average Price per Square Foot ….…
$939
Average Price per Square Foot ….…
$918
-2.2%
Properties Sold ……………………….
29
Properties Sold ……………………….
21
-27.6%
Properties Pending Sale ………………
28
Properties Pending Sale ………………
26
-7.1%
Properties For Sale …………….……...
87
Properties For Sale …………….……...
105
20.7%
Days on Market (Pending Sale) ….…..
48
Days on Market (Pending Sale) ….…..
47
-2.0%
Percent Under Contract ………….……
32.18%
Percent Under Contract ………….……
24.76%
-23.1%
WEST HOLLYWOOD
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $768,000
8.2%
Average Price per Square Foot ….…
$727
5.2%
73
Properties Sold ……………………….
59
-19.2%
Properties Pending Sale ………………
82
Properties Pending Sale ………………
75
-8.5%
Properties For Sale …………….……...
171
Properties For Sale …………….……...
223
30.4%
Days on Market (Pending Sale) ….…..
43
Days on Market (Pending Sale) ….…..
43
0.0%
Percent Under Contract ………….……
47.95%
Percent Under Contract ………….……
33.63%
-29.9%
Median Price ……………………..…….
$710,000
Average Price per Square Foot ….…
$691
Properties Sold ……………………….
WEST LOS ANGELES
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,319,325
Median Price ……………………..…….$1,250,000
-5.3%
Average Price per Square Foot ….…
$894
Average Price per Square Foot ….…
$708
-20.8%
Properties Sold ……………………….
20
Properties Sold ……………………….
17
-15.0%
Properties Pending Sale ………………
22
Properties Pending Sale ………………
17
-22.7%
Properties For Sale …………….……...
63
Properties For Sale …………….……...
54
-14.3%
Days on Market (Pending Sale) ….…..
45
Days on Market (Pending Sale) ….…..
43
-2.9%
Percent Under Contract ………….……
34.92%
Percent Under Contract ………….……
31.48%
-9.8%
WEST LOS ANGELES
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $796,750
-12.6%
Average Price per Square Foot ….…
$614
0.7%
19
Properties Sold ……………………….
20
5.3%
Properties Pending Sale ………………
27
Properties Pending Sale ………………
22
-18.5%
Properties For Sale …………….……...
42
Properties For Sale …………….……...
48
14.3%
Days on Market (Pending Sale) ….…..
25
Days on Market (Pending Sale) ….…..
35
40.6%
Percent Under Contract ………….……
64.29%
Percent Under Contract ………….……
45.83%
-28.7%
Median Price ……………………..…….
$912,000
Average Price per Square Foot ….…
$610
Properties Sold ……………………….
WESTCHESTER
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $1,156,000
Median Price ……………………..…….$1,357,500
17.4%
Average Price per Square Foot ….…
$713
Average Price per Square Foot ….…
$693
-2.8%
Properties Sold ……………………….
70
Properties Sold ……………………….
50
-28.6%
Properties Pending Sale ………………
75
Properties Pending Sale ………………
62
-17.3%
Properties For Sale …………….……...
136
Properties For Sale …………….……...
133
-2.2%
Days on Market (Pending Sale) ….…..
38
Days on Market (Pending Sale) ….…..
49
29.8%
Percent Under Contract ………….……
55.15%
Percent Under Contract ………….……
46.62%
-15.5%
WESTCHESTER
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $490,000
-7.5%
Average Price per Square Foot ….…
$530
-5.0%
7
Properties Sold ……………………….
7
0.0%
Properties Pending Sale ………………
9
Properties Pending Sale ………………
9
0.0%
Properties For Sale …………….……...
15
Properties For Sale …………….……...
14
-6.7%
Days on Market (Pending Sale) ….…..
26
Days on Market (Pending Sale) ….…..
32
22.4%
Percent Under Contract ………….……
60.00%
Percent Under Contract ………….……
64.29%
7.1%
Median Price ……………………..…….
$530,000
Average Price per Square Foot ….…
$558
Properties Sold ……………………….
WESTWOOD – CENTURY CITY
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $2,275,000
Median Price ……………………..…….$1,830,000
-19.6%
Average Price per Square Foot ….…
$886
Average Price per Square Foot ….…
$827
-6.7%
Properties Sold ……………………….
33
Properties Sold ……………………….
21
-36.4%
Properties Pending Sale ………………
39
Properties Pending Sale ………………
36
-7.7%
Properties For Sale …………….……...
105
Properties For Sale …………….……...
105
0.0%
Days on Market (Pending Sale) ….…..
36
Days on Market (Pending Sale) ….…..
40
12.8%
Percent Under Contract ………….……
37.14%
Percent Under Contract ………….……
34.29%
-7.7%
WESTWOOD – CENTURY CITY
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $906,000
-5.6%
Average Price per Square Foot ….…
$807
6.2%
122
Properties Sold ……………………….
88
-27.9%
Properties Pending Sale ………………
138
Properties Pending Sale ………………
105
-23.9%
Properties For Sale …………….……...
319
Properties For Sale …………….……...
323
1.3%
Days on Market (Pending Sale) ….…..
52
Days on Market (Pending Sale) ….…..
54
4.4%
Percent Under Contract ………….……
43.26%
Percent Under Contract ………….……
32.51%
-24.9%
Median Price ……………………..…….
$960,000
Average Price per Square Foot ….…
$760
Properties Sold ……………………….
WINNETKA
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $580,000
1.0%
Average Price per Square Foot ….…
$341
-1.7%
58
Properties Sold ……………………….
53
-8.6%
Properties Pending Sale ………………
69
Properties Pending Sale ………………
69
0.0%
Properties For Sale …………….……...
122
Properties For Sale …………….……...
110
-9.8%
Days on Market (Pending Sale) ….…..
34
Days on Market (Pending Sale) ….…..
48
42.1%
Percent Under Contract ………….……
56.56%
Percent Under Contract ………….……
62.73%
10.9%
Median Price ……………………..…….
$574,375
Average Price per Square Foot ….…
$347
Properties Sold ……………………….
WINNETKA
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $315,500
5.2%
Average Price per Square Foot ….…
$312
-0.6%
9
Properties Sold ……………………….
10
11.1%
Properties Pending Sale ………………
4
Properties Pending Sale ………………
12
200.0%
Properties For Sale …………….……...
14
Properties For Sale …………….……...
26
85.7%
Days on Market (Pending Sale) ….…..
40
Days on Market (Pending Sale) ….…..
74
82.9%
Percent Under Contract ………….……
28.57%
Percent Under Contract ………….……
46.15%
61.5%
Median Price ……………………..…….
$300,000
Average Price per Square Foot ….…
$314
Properties Sold ……………………….
WOODLAND HILLS
Q1 2018
SFR
Q1 2019
% CHANGE
Median Price ……………………..……. $821,000
-6.2%
Average Price per Square Foot ….…
$396
3.4%
147
Properties Sold ……………………….
116
-21.1%
Properties Pending Sale ………………
168
Properties Pending Sale ………………
151
-10.1%
Properties For Sale …………….……...
405
Properties For Sale …………….……...
360
-11.1%
Days on Market (Pending Sale) ….…..
48
Days on Market (Pending Sale) ….…..
51
7.3%
Percent Under Contract ………….……
41.48%
Percent Under Contract ………….……
41.94%
1.1%
Median Price ……………………..…….
$875,000
Average Price per Square Foot ….…
$383
Properties Sold ……………………….
WOODLAND HILLS
Q1 2018
CONDO
Q1 2019
% CHANGE
Median Price ……………………..……. $415,000
-0.6%
Average Price per Square Foot ….…
$427
-2.3%
33
Properties Sold ……………………….
33
0.0%
Properties Pending Sale ………………
41
Properties Pending Sale ………………
34
-17.1%
Properties For Sale …………….……...
60
Properties For Sale …………….……...
79
31.7%
Days on Market (Pending Sale) ….…..
45
Days on Market (Pending Sale) ….…..
64
41.0%
Percent Under Contract ………….……
68.33%
Percent Under Contract ………….……
43.04%
-37.0%
Median Price ……………………..…….
$417,500
Average Price per Square Foot ….…
$437
Properties Sold ……………………….
Glossary of Terms
Median Price: A value that separates the upper half of prices from the lower half of prices. It can be interpreted like an average, however the extreme prices (high and low) don’t hold undue. Average Price per Square Foot: The price per each property divided by their respective square footage then averaged across all properties sold in the area for a given time period. Properties Sold: The number of property transactions that closed and transferred ownership. Properties Pending Sale: The number of properties that entered escrow in preparation for sale.
Properties For Sale: The number of properties on the market and seeking buyers. Days on Market (Pending Sale): The number of days that properties currently in escrow were on the market. Absorption Rate: The rate at which the inventory of home for sale are being sold. Percent Under Contract: The ratio of properties to properties sale.
Disclaimer
The Market Within A Market Report is brought to you by Michael Lewis Marketing Suite, a highend, luxury consulting, brand building, marketing firm located in California and Florida. www.michaellewismarketingsuite.com Information obtained from Broker Metrics and DataQuick. Broker Metrics and DataQuick statistics are subject to change due to individual real estate company reporting disciplines. The information provided herein is from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it.