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
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $2,150,000
Median Price ……………………..……. $2,550,000
18.6%
Average Price per Square Foot ….…
$1,398
Average Price per Square Foot ….…
$1,104
-21.0%
Properties Sold ……………………….
41
Properties Sold ……………………….
55
34.1%
Properties Pending Sale ………………
35
Properties Pending Sale ………………
51
45.7%
Properties For Sale …………….……...
258
Properties For Sale …………….……...
260
0.8%
Days on Market (Pending Sale) ….…..
62
Days on Market (Pending Sale) ….…..
79
28.3%
Percent Under Contract ………….……
13.57%
Percent Under Contract ………….……
19.62%
44.6%
BEVERLY CENTER – MIRACLE MILE
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,727,500
Median Price ……………………..…….$1,713,500
-0.8%
Average Price per Square Foot ….…
$818
Average Price per Square Foot ….…
$845
3.3%
Properties Sold ……………………….
52
Properties Sold ……………………….
56
7.7%
Properties Pending Sale ………………
47
Properties Pending Sale ………………
57
21.3%
Properties For Sale …………….……...
120
Properties For Sale …………….……...
157
30.8%
Days on Market (Pending Sale) ….…..
46
Days on Market (Pending Sale) ….…..
41
-11.0%
Percent Under Contract ………….……
39.17%
Percent Under Contract ………….……
36.31%
-7.3%
BEVERLY CENTER – MIRACLE MILE
Q2 2018
CONDO
Q2 2019
% CHANGE
Median Price ……………………..……. $795,000
-4.8%
Average Price per Square Foot ….…
$619
0.2%
25
Properties Sold ……………………….
35
40.0%
Properties Pending Sale ………………
20
Properties Pending Sale ………………
29
45.0%
Properties For Sale …………….……...
50
Properties For Sale …………….……...
55
10.0%
Days on Market (Pending Sale) ….…..
33
Days on Market (Pending Sale) ….…..
47
45.8%
Percent Under Contract ………….……
40.00%
Percent Under Contract ………….……
52.73%
31.8%
Median Price ……………………..…….
$835,000
Average Price per Square Foot ….…
$618
Properties Sold ……………………….
BEVERLY HILLS
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $5,685,000
Median Price ……………………..…….$5,555,500
-2.3%
Average Price per Square Foot ….…
$1,514
Average Price per Square Foot ….…
$1,672
10.4%
Properties Sold ……………………….
25
Properties Sold ……………………….
38
52.0%
Properties Pending Sale ………………
25
Properties Pending Sale ………………
40
60.0%
Properties For Sale …………….……...
181
Properties For Sale …………….……...
243
34.3%
Days on Market (Pending Sale) ….…..
59
Days on Market (Pending Sale) ….…..
60
1.8%
Percent Under Contract ………….……
13.81%
Percent Under Contract ………….……
16.46%
19.2%
BEVERLY HILLS
CONDO
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,255,000
Median Price ……………………..…….$1,440,000
14.7%
Average Price per Square Foot ….…
$764
Average Price per Square Foot ….…
$796
4.2%
Properties Sold ……………………….
31
Properties Sold ……………………….
31
0.0%
Properties Pending Sale ………………
29
Properties Pending Sale ………………
25
-13.8%
Properties For Sale …………….……...
76
Properties For Sale …………….……...
93
22.4%
Days on Market (Pending Sale) ….…..
29
Days on Market (Pending Sale) ….…..
44
53.7%
Percent Under Contract ………….……
38.16%
Percent Under Contract ………….……
26.88%
-29.6%
BEVERLY HILLS P.O.
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $2,802,500
Median Price ……………………..…….$2,560,000
-8.7%
Average Price per Square Foot ….…
$1,012
Average Price per Square Foot ….…
$837
-17.3%
Properties Sold ……………………….
44
Properties Sold ……………………….
36
-18.2%
Properties Pending Sale ………………
45
Properties Pending Sale ………………
47
4.4%
Properties For Sale …………….……...
256
Properties For Sale …………….……...
251
-2.0%
Days on Market (Pending Sale) ….…..
84
Days on Market (Pending Sale) ….…..
54
-35.6%
Percent Under Contract ………….……
17.58%
Percent Under Contract ………….……
18.73%
6.5%
BEVERLYWOOD
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,527,000
Median Price ……………………..…….$1,500,000
-1.8%
Average Price per Square Foot ….…
$817
Average Price per Square Foot ….…
$810
-0.9%
Properties Sold ……………………….
51
Properties Sold ……………………….
35
-31.4%
Properties Pending Sale ………………
51
Properties Pending Sale ………………
35
-31.4%
Properties For Sale …………….……...
102
Properties For Sale …………….……...
93
-8.8%
Days on Market (Pending Sale) ….…..
38
Days on Market (Pending Sale) ….…..
38
0.00%
Percent Under Contract ………….……
50.00%
Percent Under Contract ………….……
37.63%
-24.7%
BRENTWOOD
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $3,075,000
Median Price ……………………..……. $3,100,000
0.8%
Average Price per Square Foot ….…
$1,081
Average Price per Square Foot ….…
$1,195
10.5%
Properties Sold ……………………….
59
Properties Sold ……………………….
69
16.9%
Properties Pending Sale ………………
75
Properties Pending Sale ………………
69
-8.0%
Properties For Sale …………….……...
273
Properties For Sale …………….……...
299
9.5%
Days on Market (Pending Sale) ….…..
58
Days on Market (Pending Sale) ….…..
64
9.5%
Percent Under Contract ………….……
27.47%
Percent Under Contract ………….……
23.08%
-16.0%
BRENTWOOD
CONDO
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $976,425
Median Price ……………………..……. $1,002,500
2.7%
Average Price per Square Foot ….…
$667
Average Price per Square Foot ….…
$693
3.9%
Properties Sold ……………………….
42
Properties Sold ……………………….
40
-4.8%
Properties Pending Sale ………………
49
Properties Pending Sale ………………
44
-10.2%
Properties For Sale …………….……...
99
Properties For Sale …………….……...
119
20.2%
Days on Market (Pending Sale) ….…..
40
Days on Market (Pending Sale) ….…..
34
-14.4%
Percent Under Contract ………….……
49.49%
Percent Under Contract ………….……
36.97%
-25.3%
BURBANK
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $882,500
1.3%
Average Price per Square Foot ….…
$560
0.5%
138
Properties Sold ……………………….
132
-4.3%
Properties Pending Sale ………………
158
Properties Pending Sale ………………
153
-3.2%
Properties For Sale …………….……...
287
Properties For Sale …………….……...
269
-6.3%
Days on Market (Pending Sale) ….…..
29
Days on Market (Pending Sale) ….…..
36
25.5%
Percent Under Contract ………….……
55.05%
Percent Under Contract ………….……
56.88%
3.3%
Median Price ……………………..…….
$871,000
Average Price per Square Foot ….…
$557
Properties Sold ……………………….
BURBANK
Q2 2018
CONDO
Q2 2019
% CHANGE
Median Price ……………………..……. $557,000
-5.4%
Average Price per Square Foot ….…
$444
-3.5%
33
Properties Sold ……………………….
27
-18.2%
Properties Pending Sale ………………
43
Properties Pending Sale ………………
30
-30.2%
Properties For Sale …………….……...
69
Properties For Sale …………….……...
56
-18.8%
Days on Market (Pending Sale) ….…..
40
Days on Market (Pending Sale) ….…..
29
-25.8%
Percent Under Contract ………….……
62.32%
Percent Under Contract ………….……
53.57%
-14.0%
Median Price ……………………..…….
$589,000
Average Price per Square Foot ….…
$460
Properties Sold ……………………….
CALABASAS
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,440,000
Median Price ……………………..…….$1,310,000
-9.0%
Average Price per Square Foot ….…
$472
Average Price per Square Foot ….…
$503
6.6%
Properties Sold ……………………….
81
Properties Sold ……………………….
78
-3.7%
Properties Pending Sale ………………
65
Properties Pending Sale ………………
83
27.7%
Properties For Sale …………….……...
213
Properties For Sale …………….……...
247
16.0%
Days on Market (Pending Sale) ….…..
67
Days on Market (Pending Sale) ….…..
62
-7.2%
Percent Under Contract ………….……
30.52%
Percent Under Contract ………….……
33.60%
10.1%
CALABASAS
CONDO
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $555,000
Median Price ……………………..……. $484,500
-12.7%
Average Price per Square Foot ….…
$392
Average Price per Square Foot ….…
$539
37.5%
Properties Sold ……………………….
13
Properties Sold ……………………….
8
-38.5%
Properties Pending Sale ………………
13
Properties Pending Sale ………………
11
-15.4%
Properties For Sale …………….……...
33
Properties For Sale …………….……...
26
-21.2%
Days on Market (Pending Sale) ….…..
61
Days on Market (Pending Sale) ….…..
67
9.3%
Percent Under Contract ………….……
39.39%
Percent Under Contract ………….……
42.31%
7.4%
CHEVIOT HILLS-RANCH PARK
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $2,500,000
Median Price ……………………..…….$2,377,886
-4.9%
Average Price per Square Foot ….…
$865
Average Price per Square Foot ….…
$871
0.7%
Properties Sold ……………………….
22
Properties Sold ……………………….
25
13.6%
Properties Pending Sale ………………
29
Properties Pending Sale ………………
23
-20.7%
Properties For Sale …………….……...
55
Properties For Sale …………….……...
45
-18.2%
Days on Market (Pending Sale) ….…..
33
Days on Market (Pending Sale) ….…..
41
25.3%
Percent Under Contract ………….……
52.73%
Percent Under Contract ………….……
51.11%
-3.1%
CULVER CITY
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,309,000
Median Price ……………………..…….$1,290,000
-1.5%
Average Price per Square Foot ….…
$826
Average Price per Square Foot ….…
$832
0.7%
Properties Sold ……………………….
64
Properties Sold ……………………….
75
17.2%
Properties Pending Sale ………………
70
Properties Pending Sale ………………
85
21.4%
Properties For Sale …………….……...
129
Properties For Sale …………….……...
160
24.0%
Days on Market (Pending Sale) ….…..
35
Days on Market (Pending Sale) ….…..
33
-4.1%
Percent Under Contract ………….……
54.26%
Percent Under Contract ………….……
53.12%
-2.1%
CULVER CITY
Q2 2018
CONDO
Q2 2019
% CHANGE
Median Price ……………………..……. $585,000
3.1%
Average Price per Square Foot ….…
$578
-2.0%
34
Properties Sold ……………………….
45
32.4%
Properties Pending Sale ………………
33
Properties Pending Sale ………………
42
27.3%
Properties For Sale …………….……...
55
Properties For Sale …………….……...
60
9.1%
Days on Market (Pending Sale) ….…..
30
Days on Market (Pending Sale) ….…..
29
-3.4%
Percent Under Contract ………….……
60.00%
Percent Under Contract ………….……
70.00%
16.7%
Median Price ……………………..…….
$567,500
Average Price per Square Foot ….…
$590
Properties Sold ……………………….
DOWNTOWN
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $410,000
Median Price ……………………..……. $445,500
8.7%
Average Price per Square Foot ….…
$374
Average Price per Square Foot ….…
$400
7.0%
Properties Sold ……………………….
23
Properties Sold ……………………….
27
17.4%
Properties Pending Sale ………………
24
Properties Pending Sale ………………
34
41.7%
Properties For Sale …………….……...
89
Properties For Sale …………….……...
91
2.2%
Days on Market (Pending Sale) ….…..
27
Days on Market (Pending Sale) ….…..
40
47.5%
Percent Under Contract ………….……
26.97%
Percent Under Contract ………….……
37.36%
38.6%
DOWNTOWN
Q2 2018
CONDO
Q2 2019
% CHANGE
Median Price ……………………..……. $639,500
-0.5%
Average Price per Square Foot ….…
$662
-0.3%
118
Properties Sold ……………………….
82
-30.5%
Properties Pending Sale ………………
113
Properties Pending Sale ………………
88
-22.1%
Properties For Sale …………….……...
318
Properties For Sale …………….……...
432
35.8%
Days on Market (Pending Sale) ….…..
49
Days on Market (Pending Sale) ….…..
62
26.1%
Percent Under Contract ………….……
35.53%
Percent Under Contract ………….……
20.37%
-42.7%
Median Price ……………………..…….
$642,500
Average Price per Square Foot ….…
$664
Properties Sold ……………………….
ENCINO
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,415,000
Median Price ……………………..…….$1,397,500
-1.2%
Average Price per Square Foot ….…
$582
Average Price per Square Foot ….…
$550
-5.5%
Properties Sold ……………………….
121
Properties Sold ……………………….
126
4.1%
Properties Pending Sale ………………
125
Properties Pending Sale ………………
151
20.8%
Properties For Sale …………….……...
373
Properties For Sale …………….……...
410
9.9%
Days on Market (Pending Sale) ….…..
52
Days on Market (Pending Sale) ….…..
51
-1.6%
Percent Under Contract ………….……
33.51%
Percent Under Contract ………….……
36.83%
9.9%
ENCINO
CONDO
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $359,500
-4.8%
Average Price per Square Foot ….…
$377
-2.6%
44
Properties Sold ……………………….
60
36.4%
Properties Pending Sale ………………
41
Properties Pending Sale ………………
64
56.1%
Properties For Sale …………….……...
95
Properties For Sale …………….……...
129
35.8%
Days on Market (Pending Sale) ….…..
37
Days on Market (Pending Sale) ….…..
45
20.8%
Percent Under Contract ………….……
43.16%
Percent Under Contract ………….……
49.61%
15.0%
Median Price ……………………..…….
$377,500
Average Price per Square Foot ….…
$387
Properties Sold ……………………….
HANCOCK PARK-WILSHIRE
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,709,500
Median Price ……………………..…….$1,655,000
-3.2%
Average Price per Square Foot ….…
$770
Average Price per Square Foot ….…
$792
2.9%
Properties Sold ……………………….
80
Properties Sold ……………………….
64
-20.0%
Properties Pending Sale ………………
82
Properties Pending Sale ………………
72
-12.2%
Properties For Sale …………….……...
190
Properties For Sale …………….……...
249
31.1%
Days on Market (Pending Sale) ….…..
50
Days on Market (Pending Sale) ….…..
36
-27.5%
Percent Under Contract ………….……
43.16%
Percent Under Contract ………….……
28.92%
-33.0%
HOLLYWOOD
Q2 2018
SFR
Q2 2019
% CHANGE
Median Price ……………………..……. $1,227,500
23.2%
Average Price per Square Foot ….…
$679
-1.9%
32
Properties Sold ……………………….
27
-15.6%
Properties Pending Sale ………………
34
Properties Pending Sale ………………
25
-26.5%
Properties For Sale …………….……...
81
Properties For Sale …………….……...
86
6.2%
Days on Market (Pending Sale) ….…..
35
Days on Market (Pending Sale) ….…..
55
59.9%
Percent Under Contract ………….……
41.98%
Percent Under Contract ………….……
29.07%
-30.7%
Median Price ……………………..…….
$996,500
Average Price per Square Foot ….…
$692
Properties Sold ……………………….
HOLLYWOOD
Q2 2018
CONDO
Q2 2019
% CHANGE
Median Price ……………………..……. $707,500
-4.1%
Average Price per Square Foot ….…
$578
-6.2%
39
Properties Sold ……………………….
28
-28.2%
Properties Pending Sale ………………
42
Properties Pending Sale ………………
27
-35.7%
Properties For Sale …………….……...
100
Properties For Sale …………….……...
72
-28.0%
Days on Market (Pending Sale) ….…..
52
Days on Market (Pending Sale) ….…..
72
38.5%
Percent Under Contract ………….……
42.00%
Percent Under Contract ………….……
37.50%
-10.7%
Median Price ……………………..…….
$738,000
Average Price per Square Foot ….…
$616
Properties Sold ……………………….
HOLLYWOOD HILLS EAST
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,503,750
Median Price ……………………..…….$1,475,872
-1.9%
Average Price per Square Foot ….…
$709
Average Price per Square Foot ….…
$718
1.3%
Properties Sold ……………………….
48
Properties Sold ……………………….
38
-20.8%
Properties Pending Sale ………………
50
Properties Pending Sale ………………
47
-6.0%
Properties For Sale …………….……...
130
Properties For Sale …………….……...
138
6.2%
Days on Market (Pending Sale) ….…..
46
Days on Market (Pending Sale) ….…..
44
-2.8%
Percent Under Contract ………….……
38.46%
Percent Under Contract ………….……
34.06%
-11.4%
LOS FELIZ
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,902,500
Median Price ……………………..…….$1,950,000
2.5%
Average Price per Square Foot ….…
$750
Average Price per Square Foot ….…
$887
18.3%
Properties Sold ……………………….
60
Properties Sold ……………………….
49
-18.3%
Properties Pending Sale ………………
49
Properties Pending Sale ………………
50
2.0%
Properties For Sale …………….……...
125
Properties For Sale …………….……...
158
26.4%
Days on Market (Pending Sale) ….…..
41
Days on Market (Pending Sale) ….…..
37
-10.5%
Percent Under Contract ………….……
39.20%
Percent Under Contract ………….……
31.65%
-19.3%
LOS FELIZ
CONDO
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $610,000
Median Price ……………………..……. $665,000
9.0%
Average Price per Square Foot ….…
$682
Average Price per Square Foot ….…
$635
-6.9%
Properties Sold ……………………….
3
Properties Sold ……………………….
11
266.7%
Properties Pending Sale ………………
4
Properties Pending Sale ………………
11
175.0%
Properties For Sale …………….……...
10
Properties For Sale …………….……...
17
70.0%
Days on Market (Pending Sale) ….…..
23
Days on Market (Pending Sale) ….…..
53
131.8%
Percent Under Contract ………….……
40.00%
Percent Under Contract ………….……
64.71%
61.8%
MALIBU
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $3,382,500
Median Price ……………………..……. $2,300,000
-32.0%
Average Price per Square Foot ….…
$1,046
Average Price per Square Foot ….…
$1,029
-1.6%
Properties Sold ……………………….
46
Properties Sold ……………………….
23
-50.0%
Properties Pending Sale ………………
48
Properties Pending Sale ………………
27
-43.8%
Properties For Sale …………….……...
331
Properties For Sale …………….……...
239
-27.8%
Days on Market (Pending Sale) ….…..
72
Days on Market (Pending Sale) ….…..
83
14.7%
Percent Under Contract ………….……
14.50%
Percent Under Contract ………….……
11.30%
-22.1%
MALIBU BEACH
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $7,975,000
Median Price ……………………..…….$6,700,000
-16.0%
Average Price per Square Foot ….…
$3,230
Average Price per Square Foot ….…
$3,286
1.7%
Properties Sold ……………………….
17
Properties Sold ……………………….
9
-47.1%
Properties Pending Sale ………………
16
Properties Pending Sale ………………
6
-62.5%
Properties For Sale …………….……...
111
Properties For Sale …………….……...
94
-15.3%
Days on Market (Pending Sale) ….…..
168
Days on Market (Pending Sale) ….…..
113
-32.6%
Percent Under Contract ………….……
14.41%
Percent Under Contract ………….……
6.38%
-55.7%
MARINA DEL REY
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,488,000
Median Price ……………………..……. $1,215,000
-18.3%
Average Price per Square Foot ….…
$802
Average Price per Square Foot ….…
$878
9.5%
Properties Sold ……………………….
22
Properties Sold ……………………….
25
13.6%
Properties Pending Sale ………………
19
Properties Pending Sale ………………
21
10.5%
Properties For Sale …………….……...
66
Properties For Sale …………….……...
76
15.2%
Days on Market (Pending Sale) ….…..
39
Days on Market (Pending Sale) ….…..
42
6.3%
Percent Under Contract ………….……
28.79%
Percent Under Contract ………….……
27.63%
-4.0%
MARINA DEL REY
CONDO
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,050,000
Median Price ……………………..……. $973,000
-7.3%
Average Price per Square Foot ….…
$761
Average Price per Square Foot ….…
$699
-8.1%
Properties Sold ……………………….
48
Properties Sold ……………………….
61
27.1%
Properties Pending Sale ………………
56
Properties Pending Sale ………………
61
8.9%
Properties For Sale …………….……...
164
Properties For Sale …………….……...
170
3.7%
Days on Market (Pending Sale) ….…..
40
Days on Market (Pending Sale) ….…..
47
15.5%
Percent Under Contract ………….……
34.15%
Percent Under Contract ………….……
35.88%
5.1%
MID LOS ANGELES
Q2 2018
SFR
Q2 2019
% CHANGE
Median Price ……………………..……. $895,000
9.4%
Average Price per Square Foot ….…
$561
16.1%
115
Properties Sold ……………………….
107
-7.0%
Properties Pending Sale ………………
105
Properties Pending Sale ………………
127
21.0%
Properties For Sale …………….……...
229
Properties For Sale …………….……...
279
21.8%
Days on Market (Pending Sale) ….…..
28
Days on Market (Pending Sale) ….…..
30
4.3%
Percent Under Contract ………….……
45.85%
Percent Under Contract ………….……
45.52%
-0.7%
Median Price ……………………..…….
$818,000
Average Price per Square Foot ….…
$483
Properties Sold ……………………….
MID WILSHIRE
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,000,000
Median Price ……………………..……. $935,000
-6.5%
Average Price per Square Foot ….…
$537
Average Price per Square Foot ….…
$556
3.5%
Properties Sold ……………………….
11
Properties Sold ……………………….
11
0.0%
Properties Pending Sale ………………
13
Properties Pending Sale ………………
12
-7.7%
Properties For Sale …………….……...
50
Properties For Sale …………….……...
52
4.0%
Days on Market (Pending Sale) ….…..
66
Days on Market (Pending Sale) ….…..
79
20.5%
Percent Under Contract ………….……
26.00%
Percent Under Contract ………….……
23.08%
-11.2%
PACIFIC PALISADES
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $3,350,000
Median Price ……………………..…….$2,810,000
-16.1%
Average Price per Square Foot ….…
$1,185
Average Price per Square Foot ….…
$1,083
-8.6%
Properties Sold ……………………….
67
Properties Sold ……………………….
47
-29.9%
Properties Pending Sale ………………
64
Properties Pending Sale ………………
69
7.8%
Properties For Sale …………….……...
187
Properties For Sale …………….……...
253
35.3%
Days on Market (Pending Sale) ….…..
50
Days on Market (Pending Sale) ….…..
45
-10.1%
Percent Under Contract ………….……
34.22%
Percent Under Contract ………….……
27.27%
-20.3%
PALMS – MAR VISTA
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,585,000
Median Price ……………………..…….$1,580,000
-0.3%
Average Price per Square Foot ….…
$862
Average Price per Square Foot ….…
$863
0.1%
Properties Sold ……………………….
89
Properties Sold ……………………….
83
-6.7%
Properties Pending Sale ………………
89
Properties Pending Sale ………………
90
1.1%
Properties For Sale …………….……...
185
Properties For Sale …………….……...
179
-3.2%
Days on Market (Pending Sale) ….…..
32
Days on Market (Pending Sale) ….…..
39
23.6%
Percent Under Contract ………….……
48.11%
Percent Under Contract ………….……
50.28%
4.5%
PLAYA DEL REY
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..…….$1,587,500
Median Price ……………………..……. $2,200,000
38.6%
Average Price per Square Foot ….…
$595
Average Price per Square Foot ….…
$661
11.1%
Properties Sold ……………………….
20
Properties Sold ……………………….
9
-55.0%
Properties Pending Sale ………………
17
Properties Pending Sale ………………
8
-52.9%
Properties For Sale …………….……...
55
Properties For Sale …………….……...
40
-27.3%
Days on Market (Pending Sale) ….…..
43
Days on Market (Pending Sale) ….…..
51
19.8%
Percent Under Contract ………….……
30.91%
Percent Under Contract ………….……
20.00%
-35.3%
PLAYA DEL REY
Q2 2018
CONDO
Q2 2019
% CHANGE
Median Price ……………………..……. $700,000
2.8%
Average Price per Square Foot ….…
$591
-6.6%
36
Properties Sold ……………………….
28
-22.2%
Properties Pending Sale ………………
40
Properties Pending Sale ………………
34
-15.0%
Properties For Sale …………….……...
60
Properties For Sale …………….……...
59
-1.7%
Days on Market (Pending Sale) ….…..
21
Days on Market (Pending Sale) ….…..
29
34.2%
Percent Under Contract ………….……
66.67%
Percent Under Contract ………….……
57.63%
-13.6%
Median Price ……………………..…….
$680,775
Average Price per Square Foot ….…
$633
Properties Sold ……………………….
PLAYA VISTA
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..…….$2,735,000
Median Price ……………………..……. $2,387,500
-12.7%
Average Price per Square Foot ….…
$759
Average Price per Square Foot ….…
$800
5.4%
Properties Sold ……………………….
7
Properties Sold ……………………….
6
-14.3%
Properties Pending Sale ………………
6
Properties Pending Sale ………………
5
-16.7%
Properties For Sale …………….……...
19
Properties For Sale …………….……...
28
47.4%
Days on Market (Pending Sale) ….…..
25
Days on Market (Pending Sale) ….…..
139
460.5%
Percent Under Contract ………….……
31.58%
Percent Under Contract ………….……
17.86%
-43.5%
PLAYA VISTA
CONDO
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,015,000
Median Price ……………………..……. $950,000
-6.4%
Average Price per Square Foot ….…
$734
Average Price per Square Foot ….…
$716
-2.5%
Properties Sold ……………………….
29
Properties Sold ……………………….
31
6.9%
Properties Pending Sale ………………
28
Properties Pending Sale ………………
30
7.1%
Properties For Sale …………….……...
51
Properties For Sale …………….……...
89
74.5%
Days on Market (Pending Sale) ….…..
32
Days on Market (Pending Sale) ….…..
30
-7.3%
Percent Under Contract ………….……
54.90%
Percent Under Contract ………….……
33.71%
-38.6%
RESEDA
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $545,000
Median Price ……………………..……. $575,000
5.5%
Average Price per Square Foot ….…
$372
Average Price per Square Foot ….…
$392
5.4%
Properties Sold ……………………….
86
Properties Sold ……………………….
95
10.5%
Properties Pending Sale ………………
83
Properties Pending Sale ………………
86
3.6%
Properties For Sale …………….……...
188
Properties For Sale …………….……...
161
-14.4%
Days on Market (Pending Sale) ….…..
36
Days on Market (Pending Sale) ….…..
37
4.4%
Percent Under Contract ………….……
44.15%
Percent Under Contract ………….……
53.42%
21.0%
RESEDA
CONDO
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $389,000
Median Price ……………………..……. $350,000
-10.0%
Average Price per Square Foot ….…
$332
Average Price per Square Foot ….…
$306
-7.8%
Properties Sold ……………………….
15
Properties Sold ……………………….
17
13.3%
Properties Pending Sale ………………
17
Properties Pending Sale ………………
21
23.5%
Properties For Sale …………….……...
29
Properties For Sale …………….……...
40
37.9%
Days on Market (Pending Sale) ….…..
28
Days on Market (Pending Sale) ….…..
31
13.0%
Percent Under Contract ………….……
58.62%
Percent Under Contract ………….……
52.50%
-10.4%
SANTA MONICA
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..…….$3,075,000
$2,600,000 Median Price ……………………..…….
-15.4%
Average Price per Square Foot ….…
$1,200
Average Price per Square Foot ….…
$1,330
10.8%
Properties Sold ……………………….
65
Properties Sold ……………………….
51
-21.5%
Properties Pending Sale ………………
63
Properties Pending Sale ………………
55
-12.7%
Properties For Sale …………….……...
182
Properties For Sale …………….……...
208
14.3%
Days on Market (Pending Sale) ….…..
41
Days on Market (Pending Sale) ….…..
51
24.9%
Percent Under Contract ………….……
34.62%
Percent Under Contract ………….……
26.44%
-23.6%
SANTA MONICA
CONDO
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,086,000
Median Price ……………………..…….$1,073,500
-1.2%
Average Price per Square Foot ….…
$985
Average Price per Square Foot ….…
$1,044
6.0%
Properties Sold ……………………….
95
Properties Sold ……………………….
64
-32.6%
Properties Pending Sale ………………
99
Properties Pending Sale ………………
63
-36.4%
Properties For Sale …………….……...
211
Properties For Sale …………….……...
211
0.0%
Days on Market (Pending Sale) ….…..
38
Days on Market (Pending Sale) ….…..
41
6.7%
Percent Under Contract ………….……
46.92%
Percent Under Contract ………….……
29.86%
-36.4%
SHERMAN OAKS
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,260,500
Median Price ……………………..……. $1,284,201
1.9%
Average Price per Square Foot ….…
$593
Average Price per Square Foot ….…
$586
-1.2%
Properties Sold ……………………….
167
Properties Sold ……………………….
177
6.0%
Properties Pending Sale ………………
169
Properties Pending Sale ………………
208
23.1%
Properties For Sale …………….……...
398
Properties For Sale …………….……...
491
23.4%
Days on Market (Pending Sale) ….…..
45
Days on Market (Pending Sale) ….…..
36
-20.0%
Percent Under Contract ………….……
42.46%
Percent Under Contract ………….……
42.36%
-0.2%
SHERMAN OAKS
Q2 2018
CONDO
Q2 2019
% CHANGE
Median Price ……………………..……. $530,000
-2.8%
Average Price per Square Foot ….…
$428
0.7%
55
Properties Sold ……………………….
65
18.2%
Properties Pending Sale ………………
57
Properties Pending Sale ………………
69
21.1%
Properties For Sale …………….……...
109
Properties For Sale …………….……...
160
46.8%
Days on Market (Pending Sale) ….…..
33
Days on Market (Pending Sale) ….…..
43
29.6%
Percent Under Contract ………….……
52.29%
Percent Under Contract ………….……
43.12%
-17.5%
Median Price ……………………..…….
$545,000
Average Price per Square Foot ….…
$425
Properties Sold ……………………….
SILVER LAKE – ECHO PARK
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,048,500
Median Price ……………………..…….$1,113,250
6.2%
Average Price per Square Foot ….…
$756
Average Price per Square Foot ….…
$750
-0.8
Properties Sold ……………………….
82
Properties Sold ……………………….
94
14.6%
Properties Pending Sale ………………
82
Properties Pending Sale ………………
103
25.6%
Properties For Sale …………….……...
197
Properties For Sale …………….……...
245
24.4%
Days on Market (Pending Sale) ….…..
35
Days on Market (Pending Sale) ….…..
34
-2.9%
Percent Under Contract ………….……
41.62%
Percent Under Contract ………….……
42.04%
1.0%
STUDIO CITY
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,486,500
Median Price ……………………..……. $1,794,998
20.8%
Average Price per Square Foot ….…
$649
Average Price per Square Foot ….…
$657
1.2%
Properties Sold ……………………….
88
Properties Sold ……………………….
94
6.8%
Properties Pending Sale ………………
89
Properties Pending Sale ………………
100
12.4%
Properties For Sale …………….……...
265
Properties For Sale …………….……...
268
1.1%
Days on Market (Pending Sale) ….…..
49
Days on Market (Pending Sale) ….…..
47
-4.1%
Percent Under Contract ………….……
33.58%
Percent Under Contract ………….……
37.31%
11.1%
STUDIO CITY
Q2 2018
CONDO
Q2 2019
% CHANGE
Median Price ……………………..……. $638,000
-7.8%
Average Price per Square Foot ….…
$477
-5.2%
24
Properties Sold ……………………….
27
12.5%
Properties Pending Sale ………………
32
Properties Pending Sale ………………
28
-12.5%
Properties For Sale …………….……...
65
Properties For Sale …………….……...
73
12.3%
Days on Market (Pending Sale) ….…..
30
Days on Market (Pending Sale) ….…..
31
3.4%
Percent Under Contract ………….……
49.23%
Percent Under Contract ………….……
38.36%
-22.1%
Median Price ……………………..…….
$692,000
Average Price per Square Foot ….…
$503
Properties Sold ……………………….
SUNSET STRIP – HOLLYWOOD HILLS WEST
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,800,000
Median Price ……………………..…….$1,800,000
0.0%
Average Price per Square Foot ….…
$927
Average Price per Square Foot ….…
$887
-4.3%
Properties Sold ……………………….
128
Properties Sold ……………………….
111
-13.3%
Properties Pending Sale ………………
119
Properties Pending Sale ………………
120
0.8%
Properties For Sale …………….……...
584
Properties For Sale …………….……...
637
9.1%
Days on Market (Pending Sale) ….…..
63
Days on Market (Pending Sale) ….…..
71
12.6%
Percent Under Contract ………….……
20.38%
Percent Under Contract ………….……
18.84%
-7.5%
SUNSET STRIP – HOLLYWOOD HILLS WEST
Q2 2018
CONDO
Q2 2019
% CHANGE
Median Price ……………………..……. $680,000
7.0%
Average Price per Square Foot ….…
$928
54.7%
30
Properties Sold ……………………….
20
-33.3%
Properties Pending Sale ………………
29
Properties Pending Sale ………………
19
-34.5%
Properties For Sale …………….……...
62
Properties For Sale …………….……...
82
32.3%
Days on Market (Pending Sale) ….…..
43
Days on Market (Pending Sale) ….…..
39
-8.1%
Percent Under Contract ………….……
46.77%
Percent Under Contract ………….……
23.17%
-50.5%
Median Price ……………………..…….
$635,500
Average Price per Square Foot ….…
$600
Properties Sold ……………………….
TOPANGA
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,205,000
Median Price ……………………..…….$1,400,000
16.2%
Average Price per Square Foot ….…
$721
Average Price per Square Foot ….…
$670
-7.1%
Properties Sold ……………………….
39
Properties Sold ……………………….
29
-25.6%
Properties Pending Sale ………………
38
Properties Pending Sale ………………
30
-21.1%
Properties For Sale …………….……...
98
Properties For Sale …………….……...
102
4.1%
Days on Market (Pending Sale) ….…..
69
Days on Market (Pending Sale) ….…..
50
-27.3%
Percent Under Contract ………….……
38.78%
Percent Under Contract ………….……
29.41%
-24.1%
TARZANA
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,187,500
Median Price ……………………..…….$1,100,000
-7.4%
Average Price per Square Foot ….…
$451
Average Price per Square Foot ….…
$416
-7.8%
Properties Sold ……………………….
69
Properties Sold ……………………….
71
2.9%
Properties Pending Sale ………………
86
Properties Pending Sale ………………
83
-3.5%
Properties For Sale …………….……...
267
Properties For Sale …………….……...
255
-4.5%
Days on Market (Pending Sale) ….…..
58
Days on Market (Pending Sale) ….…..
55
-6.1%
Percent Under Contract ………….……
32.21%
Percent Under Contract ………….……
32.55%
1.1%
TARZANA
CONDO
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $349,900
0.3%
Average Price per Square Foot ….…
$341
2.7%
65
Properties Sold ……………………….
31
-27.9%
Properties Pending Sale ………………
31
Properties Pending Sale ………………
39
25.8%
Properties For Sale …………….……...
43
Properties For Sale …………….……...
83
27.7%
Days on Market (Pending Sale) ….…..
33
Days on Market (Pending Sale) ….…..
43
31.1%
Percent Under Contract ………….……
47.69%
Percent Under Contract ………….……
46.99%
-1.5%
Median Price ……………………..…….
$349,000
Average Price per Square Foot ….…
$332
Properties Sold ……………………….
VENICE
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..…….$2,360,250
Median Price ……………………..……. $2,052,500
-13.0%
Average Price per Square Foot ….…
$1,191
Average Price per Square Foot ….…
$1,094
-8.1%
Properties Sold ……………………….
56
Properties Sold ……………………….
40
-28.6%
Properties Pending Sale ………………
61
Properties Pending Sale ………………
42
-31.1%
Properties For Sale …………….……...
185
Properties For Sale …………….……...
204
10.3%
Days on Market (Pending Sale) ….…..
56
Days on Market (Pending Sale) ….…..
36
-35.1%
Percent Under Contract ………….……
32.97%
Percent Under Contract ………….……
20.59%
-37.6%
VENICE
CONDO
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,710,000
Median Price ……………………..…….$1,367,500
-20.0%
Average Price per Square Foot ….…
$976
Average Price per Square Foot ….…
$909
-6.9%
Properties Sold ……………………….
5
Properties Sold ……………………….
6
20.0%
Properties Pending Sale ………………
3
Properties Pending Sale ………………
8
166.7%
Properties For Sale …………….……...
14
Properties For Sale …………….……...
24
71.4%
Days on Market (Pending Sale) ….…..
67
Days on Market (Pending Sale) ….…..
39
-40.9%
Percent Under Contract ………….……
21.43%
Percent Under Contract ………….……
33.33%
55.6%
WEST HOLLYWOOD
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,660,000
Median Price ……………………..…….$1,816,000
9.4%
Average Price per Square Foot ….…
$1,022
Average Price per Square Foot ….…
$810
-20.7%
Properties Sold ……………………….
35
Properties Sold ……………………….
34
-2.9%
Properties Pending Sale ………………
39
Properties Pending Sale ………………
30
-23.1%
Properties For Sale …………….……...
117
Properties For Sale …………….……...
136
16.2%
Days on Market (Pending Sale) ….…..
38
Days on Market (Pending Sale) ….…..
39
4.1%
Percent Under Contract ………….……
33.33%
Percent Under Contract ………….……
22.06%
-33.8%
WEST HOLLYWOOD
Q2 2018
CONDO
Q2 2019
% CHANGE
Median Price ……………………..……. $750,750
-4.4%
Average Price per Square Foot ….…
$751
1.1%
84
Properties Sold ……………………….
82
-2.4%
Properties Pending Sale ………………
91
Properties Pending Sale ………………
88
-3.3%
Properties For Sale …………….……...
198
Properties For Sale …………….……...
237
19.7%
Days on Market (Pending Sale) ….…..
40
Days on Market (Pending Sale) ….…..
47
17.3%
Percent Under Contract ………….……
45.96%
Percent Under Contract ………….……
37.13%
-19.2%
Median Price ……………………..…….
$785,500
Average Price per Square Foot ….…
$743
Properties Sold ……………………….
WEST LOS ANGELES
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,666,000
Median Price ……………………..…….$1,325,000
-20.5%
Average Price per Square Foot ….…
$750
Average Price per Square Foot ….…
$771
2.8%
Properties Sold ……………………….
28
Properties Sold ……………………….
31
10.7%
Properties Pending Sale ………………
30
Properties Pending Sale ………………
30
0.0%
Properties For Sale …………….……...
82
Properties For Sale …………….……...
69
-15.9%
Days on Market (Pending Sale) ….…..
41
Days on Market (Pending Sale) ….…..
66
62.0%
Percent Under Contract ………….……
36.59%
Percent Under Contract ………….……
43.48%
18.8%
WEST LOS ANGELES
Q2 2018
CONDO
Q2 2019
% CHANGE
Median Price ……………………..……. $850,000
-3.1%
Average Price per Square Foot ….…
$654
-0.6%
34
Properties Sold ……………………….
25
-26.5%
Properties Pending Sale ………………
33
Properties Pending Sale ………………
40
21.2%
Properties For Sale …………….……...
62
Properties For Sale …………….……...
72
16.1%
Days on Market (Pending Sale) ….…..
25
Days on Market (Pending Sale) ….…..
25
0.0%
Percent Under Contract ………….……
53.23%
Percent Under Contract ………….……
55.56%
4.4%
Median Price ……………………..…….
$877,500
Average Price per Square Foot ….…
$658
Properties Sold ……………………….
WESTCHESTER
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $1,300,500
Median Price ……………………..…….$1,260,000
-3.1%
Average Price per Square Foot ….…
$706
Average Price per Square Foot ….…
$668
-5.4%
Properties Sold ……………………….
98
Properties Sold ……………………….
84
-14.3%
Properties Pending Sale ………………
94
Properties Pending Sale ………………
91
-3.2%
Properties For Sale …………….……...
173
Properties For Sale …………….……...
189
9.2%
Days on Market (Pending Sale) ….…..
27
Days on Market (Pending Sale) ….…..
36
30.1%
Percent Under Contract ………….……
54.34%
Percent Under Contract ………….……
48.15%
-11.4%
WESTCHESTER
Q2 2018
CONDO
Q2 2019
% CHANGE
Median Price ……………………..……. $482,500
-12.7%
Average Price per Square Foot ….…
$468
-8.4%
12
Properties Sold ……………………….
5
-58.3%
Properties Pending Sale ………………
9
Properties Pending Sale ………………
9
0.0%
Properties For Sale …………….……...
13
Properties For Sale …………….……...
26
100.0%
Days on Market (Pending Sale) ….…..
51
Days on Market (Pending Sale) ….…..
42
-17.6%
Percent Under Contract ………….……
69.23%
Percent Under Contract ………….……
34.62%
-50.0%
Median Price ……………………..…….
$552,500
Average Price per Square Foot ….…
$511
Properties Sold ……………………….
WESTWOOD – CENTURY CITY
SFR
Q2 2018
Q2 2019
% CHANGE
Median Price ……………………..……. $2,223,500
Median Price ……………………..…….$2,175,960
-2.1%
Average Price per Square Foot ….…
$925
Average Price per Square Foot ….…
$967
4.5%
Properties Sold ……………………….
50
Properties Sold ……………………….
50
0.0%
Properties Pending Sale ………………
48
Properties Pending Sale ………………
49
2.1%
Properties For Sale …………….……...
108
Properties For Sale …………….……...
129
19.4%
Days on Market (Pending Sale) ….…..
56
Days on Market (Pending Sale) ….…..
35
-37.7%
Percent Under Contract ………….……
44.44%
Percent Under Contract ………….……
37.98%
-14.5%
WESTWOOD – CENTURY CITY
Q2 2018
CONDO
Q2 2019
% CHANGE
Median Price ……………………..……. $940,674
-4.5%
Average Price per Square Foot ….…
$793
5.3%
131
Properties Sold ……………………….
112
-14.5%
Properties Pending Sale ………………
139
Properties Pending Sale ………………
122
-12.2%
Properties For Sale …………….……...
345
Properties For Sale …………….……...
422
22.3%
Days on Market (Pending Sale) ….…..
38
Days on Market (Pending Sale) ….…..
41
7.4%
Percent Under Contract ………….……
40.29%
Percent Under Contract ………….……
28.91%
-28.2%
Median Price ……………………..…….
$985,000
Average Price per Square Foot ….…
$753
Properties Sold ……………………….
WINNETKA
Q2 2018
SFR
Q2 2019
% CHANGE
Median Price ……………………..……. $602,500
1.3%
Average Price per Square Foot ….…
$353
-0.3%
83
Properties Sold ……………………….
70
-15.7%
Properties Pending Sale ………………
72
Properties Pending Sale ………………
72
0.0%
Properties For Sale …………….……...
128
Properties For Sale …………….……...
127
-0.8%
Days on Market (Pending Sale) ….…..
36
Days on Market (Pending Sale) ….…..
40
10.5%
Percent Under Contract ………….……
56.25%
Percent Under Contract ………….……
56.69%
0.8%
Median Price ……………………..…….
$595,000
Average Price per Square Foot ….…
$354
Properties Sold ……………………….
WINNETKA
Q2 2018
CONDO
Q2 2019
% CHANGE
Median Price ……………………..……. $327,000
8.5%
Average Price per Square Foot ….…
$314
4.3%
6
Properties Sold ……………………….
16
166.7%
Properties Pending Sale ………………
12
Properties Pending Sale ………………
13
8.3%
Properties For Sale …………….……...
26
Properties For Sale …………….……...
31
19.2%
Days on Market (Pending Sale) ….…..
49
Days on Market (Pending Sale) ….…..
79
59.7%
Percent Under Contract ………….……
46.15%
Percent Under Contract ………….……
41.94%
-9.1%
Median Price ……………………..…….
$301,500
Average Price per Square Foot ….…
$301
Properties Sold ……………………….
WOODLAND HILLS
Q2 2018
SFR
Q2 2019
% CHANGE
Median Price ……………………..……. $896,000
5.4%
Average Price per Square Foot ….…
$423
2.9%
207
Properties Sold ……………………….
196
-5.3%
Properties Pending Sale ………………
213
Properties Pending Sale ………………
217
1.9%
Properties For Sale …………….……...
503
Properties For Sale …………….……...
508
1.0%
Days on Market (Pending Sale) ….…..
46
Days on Market (Pending Sale) ….…..
48
4.2%
Percent Under Contract ………….……
42.35%
Percent Under Contract ………….……
42.72%
0.9%
Median Price ……………………..…….
$850,000
Average Price per Square Foot ….…
$411
Properties Sold ……………………….
WOODLAND HILLS
Q2 2018
CONDO
Q2 2019
% CHANGE
Median Price ……………………..……. $422,500
-2.0%
Average Price per Square Foot ….…
$432
-0.7%
43
Properties Sold ……………………….
33
-23.3%
Properties Pending Sale ………………
34
Properties Pending Sale ………………
39
14.7%
Properties For Sale …………….……...
59
Properties For Sale …………….……...
102
72.9%
Days on Market (Pending Sale) ….…..
36
Days on Market (Pending Sale) ….…..
50
40.1%
Percent Under Contract ………….……
57.63%
Percent Under Contract ………….……
38.24%
-33.7%
Median Price ……………………..…….
$431,000
Average Price per Square Foot ….…
$435
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.