LA County Real Estate Market Report - March 2012

Page 1


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 – HOMBLY HILLS

SFR

Median Price ……………………..…….

$1,117,500

Median Price ……………………..…….

$2,622,000

134.6%

Average Price per Square Foot ….…

$552

Average Price per Square Foot ….…

$850

54.0%

Properties Sold ……………………….

8.0

Properties Sold ……………………….

15.0

87.5%

Properties Pending Sale ………………

17.0

Properties Pending Sale ………………

19.0

11.8%

Properties For Sale …………….……...

178.0

Properties For Sale …………….……...

137.0

-23.0%

Days on Market (Pending Sale) ….…..

98.2

Days on Market (Pending Sale) ….…..

91.7

-6.6%

Month’s supply of Inventory……….…

8.6

Month’s supply of Inventory……….…

5.3

-38.5%

Percent Under Contract ………….……

9.55%

Percent Under Contract ………….……

13.87%

45.2%


BEVERLY CENTER – MIRACLE MILE

SFR

Median Price ……………………..…….

$932,000

Median Price ……………………..…….

$772,000

-17.1%

Average Price per Square Foot ….…

$489

Average Price per Square Foot ….…

$436

-10.8%

Properties Sold ……………………….

11.0

Properties Sold ……………………….

12.0

9.1%

Properties Pending Sale ………………

14.0

Properties Pending Sale ………………

22.0

57.1%

Properties For Sale …………….……...

106.0

Properties For Sale …………….……...

72.0

-32.1%

Days on Market (Pending Sale) ….…..

48.1

Days on Market (Pending Sale) ….…..

46.8

-2.8%

Month’s supply of Inventory……….…

5.6

Month’s supply of Inventory……….…

2.0

64.6%

Percent Under Contract ………….……

13.21%

Percent Under Contract ………….……

30.56%

131.3%


BEVERLY CENTER – MIRACLE MILE

CONDO

Median Price ……………………..…….

$605,000

Median Price ……………………..…….

$545,000

-9.9%

Average Price per Square Foot ….…

$377

Average Price per Square Foot ….…

$388

2.9%

Properties Sold ……………………….

8.0

Properties Sold ……………………….

8.0

0.0%

Properties Pending Sale ………………

4.0

Properties Pending Sale ………………

1.0

-75.0%

Properties For Sale …………….……...

41.0

Properties For Sale …………….……...

27.0

-34.1%

Days on Market (Pending Sale) ….…..

132.0

Days on Market (Pending Sale) ….…..

127.0

-3.8%

Month’s supply of Inventory……….…

7.8

Month’s supply of Inventory……….…

19.0

145.2%

Percent Under Contract ………….……

9.76%

Percent Under Contract ………….……

3.7%

-62.0%


BEVERLY HILLS

SFR

Median Price ……………………..…….

$2,942,500

Median Price ……………………..…….

$4,050,000

37.6%

Average Price per Square Foot ….…

$858

Average Price per Square Foot ….…

$950

10.7%

Properties Sold ……………………….

14.0

Properties Sold ……………………….

19.0

35.7%

Properties Pending Sale ………………

8.0

Properties Pending Sale ………………

16.0

100.0%

Properties For Sale …………….……...

148.0

Properties For Sale …………….……...

124.0

-16.2%

Days on Market (Pending Sale) ….…..

128.1

Days on Market (Pending Sale) ….…..

137.6

7.4%

Month’s supply of Inventory……….…

15.6

Month’s supply of Inventory……….…

5.8

-9.9%

Percent Under Contract ………….……

5.41%

Percent Under Contract ………….……

12.90%

138.7%


BEVERLY HILLS

CONDO

Median Price ……………………..…….

$830,00

Median Price ……………………..…….

$835,000

0.6%

Average Price per Square Foot ….…

$754

Average Price per Square Foot ….…

$677

-10.2%

Properties Sold ……………………….

9.0

Properties Sold ……………………….

11.0

22.2%

Properties Pending Sale ………………

6.0

Properties Pending Sale ………………

9.0

50.0%

Properties For Sale …………….……...

107.0

Properties For Sale …………….……...

80.0

-25.2%

Days on Market (Pending Sale) ….…..

146.8

Days on Market (Pending Sale) ….…..

85.7

-41.7%

Month’s supply of Inventory……….…

14.0

Month’s supply of Inventory……….…

6.6

-53.2%

Percent Under Contract ………….……

5.61%

Percent Under Contract ………….……

11.25%

100.6%


BEVERLY HILLS P.O.

SFR

Median Price ……………………..…….

$2,221,250

Median Price ……………………..…….

$1,775,000

-20.1%

Average Price per Square Foot ….…

$618

Average Price per Square Foot ….…

$549

-11.2%

Properties Sold ……………………….

12.0

Properties Sold ……………………….

11.0

-8.3%

Properties Pending Sale ………………

19.0

Properties Pending Sale ………………

24.0

26.3%

Properties For Sale …………….……...

183.0

Properties For Sale …………….……...

144.0

-21.3%

Days on Market (Pending Sale) ….…..

96.5

Days on Market (Pending Sale) ….…..

92.3

-4.3%

Month’s supply of Inventory……….…

7.8

Month’s supply of Inventory……….…

3.9

-50.1%

Percent Under Contract ………….……

10.38%

Percent Under Contract ………….……

16.67%

60.5%


BEVERLYWOOD

SFR

Median Price ……………………..…….

$639,500

Median Price ……………………..…….

$795,000

24.3%

Average Price per Square Foot ….…

$393

Average Price per Square Foot ….…

$442

12.5%

Properties Sold ……………………….

2.0

Properties Sold ……………………….

13.0

550.0%

Properties Pending Sale ………………

11.0

Properties Pending Sale ………………

12.0

9.1%

Properties For Sale …………….……...

88.0

Properties For Sale …………….……...

52.0

-40.9%

Days on Market (Pending Sale) ….…..

49.5

Days on Market (Pending Sale) ….…..

25.1

-49.4%

Month’s supply of Inventory……….…

6.5

Month’s supply of Inventory……….…

2.8

-57.4%

Percent Under Contract ………….……

12.50%

Percent Under Contract ………….……

23.08%

84.6%


BRENTWOOD

SFR

Median Price ……………………..…….

$1,675,000

Median Price ……………………..…….

$1,685,000

0.6%

Average Price per Square Foot ….…

$964

Average Price per Square Foot ….…

$656

-32.0%

Properties Sold ……………………….

13.0

Properties Sold ……………………….

17.0

30.8%

Properties Pending Sale ………………

19.0

Properties Pending Sale ………………

17.0

-10.5%

Properties For Sale …………….……...

163.0

Properties For Sale …………….……...

138.0

-15.3%

Days on Market (Pending Sale) ….…..

47.9

Days on Market (Pending Sale) ….…..

78.9

64.8%

Month’s supply of Inventory……….…

6.7

Month’s supply of Inventory……….…

5.7

-14.6%

Percent Under Contract ………….……

11.66%

Percent Under Contract ………….……

12.32%

5.7%


BRENTWOOD

CONDO

Median Price ……………………..…….

$845,000

Median Price ……………………..…….

$842,000

-0.4%

Average Price per Square Foot ….…

$469

Average Price per Square Foot ….…

$451

-3.8%

Properties Sold ……………………….

7.0

Properties Sold ……………………….

10.0

42.9%

Properties Pending Sale ………………

17.0

Properties Pending Sale ………………

20.0

17.6%

Properties For Sale …………….……...

139.0

Properties For Sale …………….……...

83.0

-40.3%

Days on Market (Pending Sale) ….…..

120.4

Days on Market (Pending Sale) ….…..

72.8

-39.6%

Month’s supply of Inventory……….…

6.6

Month’s supply of Inventory……….…

2.4

-64.3%

Percent Under Contract ………….……

12.23%

Percent Under Contract ………….……

24.10%

97.0%


BURBANK

SFR

Median Price ……………………..…….

$482,000

Median Price ……………………..…….

$471,500

-2.2%

Average Price per Square Foot ….…

$358.22

Average Price per Square Foot ….…

$331.89

-7.4%

Properties Sold ……………………….

47

Properties Sold ……………………….

52

10.6%

Properties Pending Sale ………………

NA

Properties Pending Sale ………………

93

NA%

Properties For Sale …………….……...

NA

Properties For Sale …………….……...

NA

NA%

Days on Market (Pending Sale) ….…..

84

Days on Market (Pending Sale) ….…..

75

-10.7%

Month’s supply of Inventory……….…

NA

Month’s supply of Inventory……….…

NA

NA%

Percent Under Contract ………….……

NA%

Percent Under Contract ………….……

NA%

NA%


BURBANK

CONDO

Median Price ……………………..…….

$312,000

Median Price ……………………..…….

$277,000

-11.2%

Average Price per Square Foot ….…

$256.40

Average Price per Square Foot ….…

$231.85

-9.6%

Properties Sold ……………………….

16

Properties Sold ……………………….

13

18.8%

Properties Pending Sale ………………

NA

Properties Pending Sale ………………

44

NA%

Properties For Sale …………….……...

NA

Properties For Sale …………….……...

NA

NA%

Days on Market (Pending Sale) ….…..

NA

Days on Market (Pending Sale) ….…..

NA

NA%

Month’s supply of Inventory……….…

NA

Month’s supply of Inventory……….…

NA

NA%

Percent Under Contract ………….……

NA%

Percent Under Contract ………….……

NA %

NA%


CALABASAS

SFR

Median Price ……………………..…….

$815,000

Median Price ……………………..…….

$950,000

16.6%

Average Price per Square Foot ….…

$279

Average Price per Square Foot ….…

$304

9.0%

Properties Sold ……………………….

5.0

Properties Sold ……………………….

19.0

280.0%

Properties Pending Sale ………………

3.0

Properties Pending Sale ………………

60.0

1,900.0%

Properties For Sale …………….……...

37.0

Properties For Sale …………….……...

100.0

170.3%

Days on Market (Pending Sale) ….…..

123.0

Days on Market (Pending Sale) ….…..

114.0

-7.3%

Month’s supply of Inventory……….…

10.7

Month’s supply of Inventory……….…

NA

NA%

Percent Under Contract ………….……

8.11%

Percent Under Contract ………….……

NA%

NA%


CALABASAS

CONDO

Median Price ……………………..…….

$256,500

Median Price ……………………..…….

$387,000

50.9%

Average Price per Square Foot ….…

$243

Average Price per Square Foot ….…

$234

-3.7%

Properties Sold ……………………….

1.0

Properties Sold ……………………….

3.0

200.0%

Properties Pending Sale ………………

NA

Properties Pending Sale ………………

14.0

NA%

Properties For Sale …………….……...

2.0

Properties For Sale …………….……...

10.0

400.0%

Days on Market (Pending Sale) ….…..

NA

Days on Market (Pending Sale) ….…..

151.0

NA%

Month’s supply of Inventory……….…

NA

Month’s supply of Inventory……….…

NA

NA%

Percent Under Contract ………….……

NA%

Percent Under Contract ………….……

NA%

NA%


CHEVIOT HILLS-RANCH PARK

SFR

Median Price ……………………..…….

$1,147,750

Median Price ……………………..…….

$1,412,500

23.1%

Average Price per Square Foot ….…

$475

Average Price per Square Foot ….…

$460

-3.2%

Properties Sold ……………………….

12.0

Properties Sold ……………………….

8.0

-33.3%

Properties Pending Sale ………………

8.0

Properties Pending Sale ………………

8.0

0.0%

Properties For Sale …………….……...

35.0

Properties For Sale …………….……...

31.0

-11.4%

Days on Market (Pending Sale) ….…..

38.9

Days on Market (Pending Sale) ….…..

29.1

-25.1%

Month’s supply of Inventory……….…

3.1

Month’s supply of Inventory……….…

2.1

-32.0%

Percent Under Contract ………….……

22.86%

Percent Under Contract ………….……

25.81%

12.9%


CULVER CITY

SFR

Median Price ……………………..…….

$695,000

Median Price ……………………..…….

$538,000

-22.6%

Average Price per Square Foot ….…

$461

Average Price per Square Foot ….…

$498

8.0%

Properties Sold ……………………….

5.0

Properties Sold ……………………….

9.0

80.0%

Properties Pending Sale ………………

12.0

Properties Pending Sale ………………

13.0

8.3%

Properties For Sale …………….……...

62.0

Properties For Sale …………….……...

50.0

-19.4%

Days on Market (Pending Sale) ….…..

47.2

Days on Market (Pending Sale) ….…..

61.0

29.3%

Month’s supply of Inventory……….…

3.8

Month’s supply of Inventory……….…

2.3

-38.5%

Percent Under Contract ………….……

19.35%

Percent Under Contract ………….……

26.0%

34.3%


CULVER CITY

CONDO

Median Price ……………………..…….

$335,000

Median Price ……………………..…….

$275,000

-17.9%

Average Price per Square Foot ….…

$294

Average Price per Square Foot ….…

$269

-8.5%

Properties Sold ……………………….

12.0

Properties Sold ……………………….

19.0

58.3%

Properties Pending Sale ………………

10.0

Properties Pending Sale ………………

15.0

50.0%

Properties For Sale …………….……...

90.0

Properties For Sale …………….……...

52.0

-42.2%

Days on Market (Pending Sale) ….…..

97.5

Days on Market (Pending Sale) ….…..

52.3

-46.4%

Month’s supply of Inventory……….…

7.0

Month’s supply of Inventory……….…

2.1

-69.5%

Percent Under Contract ………….……

11.11%

Percent Under Contract ………….……

28.85%

159.6%


DOWNTOWN

SFR

Median Price ……………………..…….

$193,500

Median Price ……………………..…….

$135,000

-30.2%

Average Price per Square Foot ….…

$133

Average Price per Square Foot ….…

$119

-10.5%

Properties Sold ……………………….

4.0

Properties Sold ……………………….

6.0

50.0%

Properties Pending Sale ………………

4.0

Properties Pending Sale ………………

6.0

50.0%

Properties For Sale …………….……...

43.0

Properties For Sale …………….……...

33.0

-23.3%

Days on Market (Pending Sale) ….…..

76.0

Days on Market (Pending Sale) ….…..

45.3

-40.4%

Month’s supply of Inventory……….…

8.5

Month’s supply of Inventory……….…

3.2

-62.7%

Percent Under Contract ………….……

9.30%

Percent Under Contract ………….……

18.18%

95.5%


DOWNTOWN

CONDO

Median Price ……………………..…….

$336,000

Median Price ……………………..…….

$400,000

19.0%

Average Price per Square Foot ….…

$311

Average Price per Square Foot ….…

$404

29.9%

Properties Sold ……………………….

34.0

Properties Sold ……………………….

25.0

-26.5%

Properties Pending Sale ………………

18.0

Properties Pending Sale ………………

41.0

127.8%

Properties For Sale …………….……...

230.0

Properties For Sale …………….……...

128.0

-44.3%

Days on Market (Pending Sale) ….…..

101.6

Days on Market (Pending Sale) ….…..

40.0

-60.7%

Month’s supply of Inventory……….…

10.2

Month’s supply of Inventory……….…

1.8

-82.6%

Percent Under Contract ………….……

7.83%

Percent Under Contract ………….……

32.03%

309.3%


ENCINO

SFR

Median Price ……………………..…….

$829,000

Median Price ……………………..…….

$750,000

-9.5%

Average Price per Square Foot ….…

$375

Average Price per Square Foot ….…

$325

-13.3%

Properties Sold ……………………….

5.0

Properties Sold ……………………….

35.0

600.0%

Properties Pending Sale ………………

1.0

Properties Pending Sale ………………

109.0

10,800.0%

Properties For Sale …………….……...

78.0

Properties For Sale …………….……...

75.0

-3.8%

Days on Market (Pending Sale) ….…..

3.0

Days on Market (Pending Sale) ….…..

71.0

2,266.7%

Month’s supply of Inventory……….…

73.0

Month’s supply of Inventory……….…

NA

NA%

Percent Under Contract ………….……

1.28%

Percent Under Contract ………….……

NA%

NA%


ENCINO

CONDO

Median Price ……………………..…….

$175,000

Median Price ……………………..…….

$283,500

62.0%

Average Price per Square Foot ….…

$166

Average Price per Square Foot ….…

$186

12.0%

Properties Sold ……………………….

1.0

Properties Sold ……………………….

16.0

1500.0%

Properties Pending Sale ………………

1.0

Properties Pending Sale ………………

53.0

5,200.0%

Properties For Sale …………….……...

21.0

Properties For Sale …………….……...

33.0

57.1%

Days on Market (Pending Sale) ….…..

49.0

Days on Market (Pending Sale) ….…..

95.0

93.9%

Month’s supply of Inventory……….…

18.0

Month’s supply of Inventory……….…

NA

NA%

Percent Under Contract ………….……

4.76%

Percent Under Contract ………….……

NA%

NA%


GLENDALE

SFR

Median Price ……………………..…….

$628,000

Median Price ……………………..…….

$543,500

-13.5%

Average Price per Square Foot ….…

$328.94

Average Price per Square Foot ….…

$305.39

-7.2%

Properties Sold ……………………….

47

Properties Sold ……………………….

48

2.1%

Properties Pending Sale ………………

NA

Properties Pending Sale ………………

54

NA%

Properties For Sale …………….……...

NA

Properties For Sale …………….……...

NA

NA%

Days on Market (Pending Sale) ….…..

80

Days on Market (Pending Sale) ….…..

85

6.3%

Month’s supply of Inventory……….…

NA

Month’s supply of Inventory……….…

NA

NA%

Percent Under Contract ………….……

NA%

Percent Under Contract ………….……

NA%

NA%


GLENDALE

CONDO

Median Price ……………………..…….

$288,000

Median Price ……………………..…….

$255,000

-11.5%

Average Price per Square Foot ….…

$246.35

Average Price per Square Foot ….…

$214.22

-13.0%

Properties Sold ……………………….

40

Properties Sold ……………………….

32

-20.0%

Properties Pending Sale ………………

NA

Properties Pending Sale ………………

38

NA%

Properties For Sale …………….……...

NA

Properties For Sale …………….……...

NA

NA%

Days on Market (Pending Sale) ….…..

78

Days on Market (Pending Sale) ….…..

82

5.1%

Month’s supply of Inventory……….…

NA

Month’s supply of Inventory……….…

NA

NA%

Percent Under Contract ………….……

NA%

Percent Under Contract ………….……

NA%

NA%


HANCOCK PARK-WILSHIRE

SFR

Median Price ……………………..…….

$900,000

Median Price ……………………..…….

$817,000

-9.2%

Average Price per Square Foot ….…

$433

Average Price per Square Foot ….…

$358

-17.3%

Properties Sold ……………………….

15.0

Properties Sold ……………………….

18.0

20.0%

Properties Pending Sale ………………

21.0

Properties Pending Sale ………………

31.0

47.6%

Properties For Sale …………….……...

148.0

Properties For Sale …………….……...

126.0

-14.9%

Days on Market (Pending Sale) ….…..

43.5

Days on Market (Pending Sale) ….…..

53.8

23.6%

Month’s supply of Inventory……….…

5.7

Month’s supply of Inventory……….…

2.3

-59.4%

Percent Under Contract ………….……

14.19%

Percent Under Contract ………….……

24.6%

73.4%


HOLLYWOOD

SFR

Median Price ……………………..…….

$427,000

Median Price ……………………..…….

$338,500

-20.8%

Average Price per Square Foot ….…

$184

Average Price per Square Foot ….…

$317

72.3%

Properties Sold ……………………….

4.0

Properties Sold ……………………….

5.0

25.0%

Properties Pending Sale ………………

4.0

Properties Pending Sale ………………

7.0

75.0%

Properties For Sale …………….……...

23.0

Properties For Sale …………….……...

20.0

-13.0%

Days on Market (Pending Sale) ….…..

57.2

Days on Market (Pending Sale) ….…..

57.1

-0.2%

Month’s supply of Inventory……….…

4.5

Month’s supply of Inventory……….…

1.6

-65.1%

Percent Under Contract ………….……

17.39%

Percent Under Contract ………….……

35.0%

101.2%


HOLLYWOOD

CONDO

Median Price ……………………..…….

$282,000

Median Price ……………………..…….

$506,500

79.6%

Average Price per Square Foot ….…

$319

Average Price per Square Foot ….…

$376

17.9%

Properties Sold ……………………….

10.0

Properties Sold ……………………….

6.0

-40.0%

Properties Pending Sale ………………

10.0

Properties Pending Sale ………………

7.0

-30.0%

Properties For Sale …………….……...

83.0

Properties For Sale …………….……...

60.0

-27.7%

Days on Market (Pending Sale) ….…..

94.4

Days on Market (Pending Sale) ….…..

61.9

-34.5%

Month’s supply of Inventory……….…

7.0

Month’s supply of Inventory……….…

7.3

4.1%

Percent Under Contract ………….……

12.05%

Percent Under Contract ………….……

11.67%

-3.2%


HOLLYWOOD HILLS EAST

SFR

Median Price ……………………..…….

$792,500

Median Price ……………………..…….

$1,130,000

42.6%

Average Price per Square Foot ….…

$392

Average Price per Square Foot ….…

$454

15.8%

Properties Sold ……………………….

10.0

Properties Sold ……………………….

9.0

-10.0%

Properties Pending Sale ………………

12.0

Properties Pending Sale ………………

16.0

33.3%

Properties For Sale …………….……...

95.0

Properties For Sale …………….……...

73.0

-23.2%

Days on Market (Pending Sale) ….…..

57.6

Days on Market (Pending Sale) ….…..

53.6

-6.9%

Month’s supply of Inventory……….…

6.1

Month’s supply of Inventory……….…

2.7

-55.8%

Percent Under Contract ………….……

12.63%

Percent Under Contract ………….……

21.92%

73.5%


LOS FELIZ

SFR

Median Price ……………………..…….

$975,000

Median Price ……………………..…….

$929,000

-4.7%

Average Price per Square Foot ….…

$486

Average Price per Square Foot ….…

$520

7.0%

Properties Sold ……………………….

13.0

Properties Sold ……………………….

21.0

61.5%

Properties Pending Sale ………………

19.0

Properties Pending Sale ………………

12.0

-36.8%

Properties For Sale …………….……...

97.0

Properties For Sale …………….……...

75.0

-22.7%

Days on Market (Pending Sale) ….…..

27.8

Days on Market (Pending Sale) ….…..

61.7

121.9%

Month’s supply of Inventory……….…

3.4

Month’s supply of Inventory……….…

3.9

16.3%

Percent Under Contract ………….……

19.59%

Percent Under Contract ………….……

16.0%

-18.3%


LOS FELIZ

CONDO

Median Price ……………………..…….

$378,000

Median Price ……………………..…….

$368,000

-2.6%

Average Price per Square Foot ….…

$358

Average Price per Square Foot ….…

$357

-0.3%

Properties Sold ……………………….

3.0

Properties Sold ……………………….

4.0

33.3%

Properties Pending Sale ………………

3.0

%

Properties For Sale …………….……...

12.0

0.0%

Days on Market (Pending Sale) ….…..

Days on Market (Pending Sale) ….…..

75.0

%

Month’s supply of Inventory……….…

Month’s supply of Inventory……….…

3.0

%

Percent Under Contract ………….……

25.0%

%

Properties Pending Sale ……………… Properties For Sale …………….……...

Percent Under Contract ………….……

12.0

%


MALIBU

SFR

Median Price ……………………..…….

$1,200,000

Median Price ……………………..…….

$1,218,750

1.6%

Average Price per Square Foot ….…

$716

Average Price per Square Foot ….…

$504

-29.6%

Properties Sold ……………………….

11.0

Properties Sold ……………………….

14.0

27.3%

Properties Pending Sale ………………

11.0

Properties Pending Sale ………………

13.0

18.2%

Properties For Sale …………….……...

283.0

Properties For Sale …………….……...

224.0

-20.8%

Days on Market (Pending Sale) ….…..

129.4

Days on Market (Pending Sale) ….…..

91.0

-29.7%

Month’s supply of Inventory……….…

23.0

Month’s supply of Inventory……….…

14.2

-38.5%

Percent Under Contract ………….……

3.89%

Percent Under Contract ………….……

5.8%

49.3%


MALIBU BEACH

SFR

Median Price ……………………..…….

$5,184,000

Median Price ……………………..…….

$5,250,000

1.3%

Average Price per Square Foot ….…

$1,415

Average Price per Square Foot ….…

$1,812

28.1%

Properties Sold ……………………….

3.0

Properties Sold ……………………….

5.0

66.7%

Properties Pending Sale ………………

2.0

Properties Pending Sale ………………

9.0

350.0%

Properties For Sale …………….……...

112.0

Properties For Sale …………….……...

90.0

-19.6%

Days on Market (Pending Sale) ….…..

154.5

Days on Market (Pending Sale) ….…..

218.6

41.5%

Month’s supply of Inventory……….…

48.0

Month’s supply of Inventory……….…

7.8

-83.8%

Percent Under Contract ………….……

1.79%

Percent Under Contract ………….……

10.0%

460.0%


MARINA DEL REY

SFR

Median Price ……………………..…….

$1,398,500

Median Price ……………………..…….

$

%

Average Price per Square Foot ….…

$424

Average Price per Square Foot ….…

$

%

Properties Sold ……………………….

2.0

Properties Sold ……………………….

Properties Pending Sale ………………

4.0

Properties Pending Sale ………………

8.0

100.0%

Properties For Sale …………….……...

40.0

Properties For Sale …………….……...

37.0

-7.5%

Days on Market (Pending Sale) ….…..

60.8

Days on Market (Pending Sale) ….…..

46.2

-23.9%

Month’s supply of Inventory……….…

8.2

Month’s supply of Inventory……….…

3.0

-63.6%

Percent Under Contract ………….……

10.0%

Percent Under Contract ………….……

21.62%

116.2%

%


MARINA DEL REY

CONDO

Median Price ……………………..…….

$635,000

Median Price ……………………..…….

$509,000

-19.8%

Average Price per Square Foot ….…

$500

Average Price per Square Foot ….…

$403

-19.4%

Properties Sold ……………………….

22.0

Properties Sold ……………………….

15.0

-31.8%

Properties Pending Sale ………………

17.0

Properties Pending Sale ………………

22.0

29.4%

Properties For Sale …………….……...

219.0

Properties For Sale …………….……...

162.0

-26.0%

Days on Market (Pending Sale) ….…..

72.4

Days on Market (Pending Sale) ….…..

58.9

-18.7%

Month’s supply of Inventory……….…

10.8

Month’s supply of Inventory……….…

4.9

-54.8%

Percent Under Contract ………….……

7.76%

Percent Under Contract ………….……

13.58%

74.9%


MID LOS ANGELES

SFR

Median Price ……………………..…….

$265,000

Median Price ……………………..…….

$231,100

-12.8%

Average Price per Square Foot ….…

$221

Average Price per Square Foot ….…

$236

6.8%

Properties Sold ……………………….

18.0

Properties Sold ……………………….

11.0

-38.9%

Properties Pending Sale ………………

18.0

Properties Pending Sale ………………

31.0

72.2%

Properties For Sale …………….……...

138.0

Properties For Sale …………….……...

101.0

-26.8%

Days on Market (Pending Sale) ….…..

59.4

Days on Market (Pending Sale) ….…..

59.7

0.5%

Month’s supply of Inventory……….…

5.8

Month’s supply of Inventory……….…

1.8

-68.2%

Percent Under Contract ………….……

13.04%

Percent Under Contract ………….……

30.69%

135.3%


MID WILSHIRE

SFR

Median Price ……………………..…….

$500,000

Median Price ……………………..…….

$400,000

-20.0%

Average Price per Square Foot ….…

$266

Average Price per Square Foot ….…

$293

10.2%

Properties Sold ……………………….

3.0

Properties Sold ……………………….

1.0

-66.7%

Properties Pending Sale ………………

1.0

Properties Pending Sale ………………

4.0

300.0%

Properties For Sale …………….……...

33.0

Properties For Sale …………….……...

24.0

-27.3%

Days on Market (Pending Sale) ….…..

63.0

Days on Market (Pending Sale) ….…..

8.8

-86.1%

Month’s supply of Inventory……….…

29.0

Month’s supply of Inventory……….…

4.0

-86.2%

Percent Under Contract ………….……

3.03%

Percent Under Contract ………….……

16.67%

450.0%


NORTHRIDGE

SFR

Median Price ……………………..…….

$380,000

Median Price ……………………..…….

$400,000

5.3%

Average Price per Square Foot ….…

$220

Average Price per Square Foot ….…

$209

-5.0%

Properties Sold ……………………….

1.0

Properties Sold ……………………….

4.0

300.0%

Properties Pending Sale ………………

6.0

%

Properties For Sale …………….……...

25.0

-35.9%

Days on Market (Pending Sale) ….…..

Days on Market (Pending Sale) ….…..

68.0

%

Month’s supply of Inventory……….…

Month’s supply of Inventory……….…

2.3

%

Percent Under Contract ………….……

24.0%

%

Properties Pending Sale ……………… Properties For Sale …………….……...

Percent Under Contract ………….……

39.0

%


NORTHRIDGE

CONDO

Median Price ……………………..…….

$375,000

Median Price ……………………..…….

$278,000

-25.9%

Average Price per Square Foot ….…

$245

Average Price per Square Foot ….…

$178

-27.3%

Properties Sold ……………………….

2.0

Properties Sold ……………………….

3.0

50.0%

Properties Pending Sale ………………

1.0

Properties Pending Sale ………………

1.0

0.0%

Properties For Sale …………….……...

8.0

Properties For Sale …………….……...

3.0

-62.5%

Days on Market (Pending Sale) ….…..

43.0

Days on Market (Pending Sale) ….…..

308.0

616.3%

Month’s supply of Inventory……….…

6.0

Month’s supply of Inventory……….…

1.0

-83.3%

Percent Under Contract ………….……

12.5%

Percent Under Contract ………….……

33.33%

166.7%


PACIFIC PALISADES

SFR

Median Price ……………………..…….

$2,020,500

Median Price ……………………..…….

$1,629,000

-19.4%

Average Price per Square Foot ….…

$699

Average Price per Square Foot ….…

$576

-17.6%

Properties Sold ……………………….

22.0

Properties Sold ……………………….

19.0

-13.6%

Properties Pending Sale ………………

34.0

Properties Pending Sale ………………

30.0

-11.8%

Properties For Sale …………….……...

191.0

Properties For Sale …………….……...

150.0

-21.5%

Days on Market (Pending Sale) ….…..

59.0

Days on Market (Pending Sale) ….…..

61.4

4.1%

Month’s supply of Inventory……….…

4.0

Month’s supply of Inventory……….…

3.2

-20.6%

Percent Under Contract ………….……

17.8%

Percent Under Contract ………….……

20.0%

12.4%


PALMS – MAR VISTA

SFR

Median Price ……………………..…….

$816,000

Median Price ……………………..…….

$846,500

3.7%

Average Price per Square Foot ….…

$450

Average Price per Square Foot ….…

$482

7.1%

Properties Sold ……………………….

21.0

Properties Sold ……………………….

16.0

-23.8%

Properties Pending Sale ………………

28.0

Properties Pending Sale ………………

21.0

-25.0%

Properties For Sale …………….……...

112.0

Properties For Sale …………….……...

75.0

-33.0%

Days on Market (Pending Sale) ….…..

42.3

Days on Market (Pending Sale) ….…..

42.3

0.0%

Month’s supply of Inventory……….…

2.7

Month’s supply of Inventory……….…

2.1

-21.1%

Percent Under Contract ………….……

25.0%

Percent Under Contract ………….……

28.0%

12.0%


SANTA MONICA

SFR

Median Price ……………………..…….

$1,500,000

Median Price ……………………..…….

$1,711,500

14.1%

Average Price per Square Foot ….…

$743

Average Price per Square Foot ….…

$740

-0.4%

Properties Sold ……………………….

21.0

Properties Sold ……………………….

21.0

0.0%

Properties Pending Sale ………………

19.0

Properties Pending Sale ………………

21.0

10.5%

Properties For Sale …………….……...

120.0

Properties For Sale …………….……...

110.0

-8.3%

Days on Market (Pending Sale) ….…..

78.9

Days on Market (Pending Sale) ….…..

34.0

-56.9%

Month’s supply of Inventory……….…

4.9

Month’s supply of Inventory……….…

3.5

-29.0%

Percent Under Contract ………….……

15.83%

Percent Under Contract ………….……

19.09%

20.6%


SANTA MONICA

CONDO

Median Price ……………………..…….

$667,500

Median Price ……………………..…….

$655,500

-1.8%

Average Price per Square Foot ….…

$526

Average Price per Square Foot ….…

$563

7.0%

Properties Sold ……………………….

34.0

Properties Sold ……………………….

34.0

0.0%

Properties Pending Sale ………………

31.0

Properties Pending Sale ………………

46.0

48.4%

Properties For Sale …………….……...

232.0

Properties For Sale …………….……...

165.0

-28.9%

Days on Market (Pending Sale) ….…..

67.3

Days on Market (Pending Sale) ….…..

52.3

-22.2%

Month’s supply of Inventory……….…

5.7

Month’s supply of Inventory……….…

2.1

-62.9%

Percent Under Contract ………….……

13.36%

Percent Under Contract ………….……

27.88%

108.6%


SHERMAN OAKS

SFR

Median Price ……………………..…….

$615,000

Median Price ……………………..…….

$640,000

4.1%

Average Price per Square Foot ….…

$416

Average Price per Square Foot ….…

$315

-24.3%

Properties Sold ……………………….

9.0

Properties Sold ……………………….

45.0

400.0%

Properties Pending Sale ………………

11.0

Properties Pending Sale ………………

105.0

854.5%

Properties For Sale …………….……...

105.0

Properties For Sale …………….……...

134.0

27.6%

Days on Market (Pending Sale) ….…..

32.2

Days on Market (Pending Sale) ….…..

94.0

191.9%

Month’s supply of Inventory……….…

7.5

Month’s supply of Inventory……….…

NA

NA%

Percent Under Contract ………….……

10.48%

Percent Under Contract ………….……

NA%

NA%


SHERMAN OAKS

CONDO

Median Price ……………………..…….

$311,000

Median Price ……………………..…….

$305,000

-1.9%

Average Price per Square Foot ….…

$243

Average Price per Square Foot ….…

$233

-4.1%

Properties Sold ……………………….

5.0

Properties Sold ……………………….

21.0

320.0%

Properties Pending Sale ………………

5.0

Properties Pending Sale ………………

73.0

1360.0%

Properties For Sale …………….……...

39.0

Properties For Sale …………….……...

53.0

35.9%

Days on Market (Pending Sale) ….…..

75.0

Days on Market (Pending Sale) ….…..

96.0

28.0%

Month’s supply of Inventory……….…

6.2

Month’s supply of Inventory……….…

NA

NA%

Percent Under Contract ………….……

12.82%

Percent Under Contract ………….……

NA%

NA%


SILVER LAKE – ECHO PARK

SFR

Median Price ……………………..…….

$634,000

Median Price ……………………..…….

$625,000

-1.4%

Average Price per Square Foot ….…

$353

Average Price per Square Foot ….…

$432

22.4%

Properties Sold ……………………….

18.0

Properties Sold ……………………….

23.0

27.8%

Properties Pending Sale ………………

15.0

Properties Pending Sale ………………

23.0

53.3%

Properties For Sale …………….……...

107.0

Properties For Sale …………….……...

79.0

-26.2%

Days on Market (Pending Sale) ….…..

46.5

Days on Market (Pending Sale) ….…..

68.0

46.2%

Month’s supply of Inventory……….…

5.6

Month’s supply of Inventory……….…

2.1

-62.0%

Percent Under Contract ………….……

14.02%

Percent Under Contract ………….……

29.11%

107.7%


SIMI VALLEY

SFR

Median Price ……………………..…….

$

Median Price ……………………..…….

$

%

Average Price per Square Foot ….…

$

Average Price per Square Foot ….…

$

%

Properties Sold ……………………….

Properties Sold ……………………….

%

Properties Pending Sale ………………

Properties Pending Sale ………………

%

Properties For Sale …………….……...

Properties For Sale …………….……...

%

Days on Market (Pending Sale) ….…..

Days on Market (Pending Sale) ….…..

%

Month’s supply of Inventory……….…

Month’s supply of Inventory……….…

%

Percent Under Contract ………….……

%

Percent Under Contract ………….……

%

%


SIMI VALLEY

CONDO

Median Price ……………………..…….

$

Median Price ……………………..…….

$

%

Average Price per Square Foot ….…

$

Average Price per Square Foot ….…

$

%

Properties Sold ……………………….

Properties Sold ……………………….

%

Properties Pending Sale ………………

Properties Pending Sale ………………

%

Properties For Sale …………….……...

Properties For Sale …………….……...

%

Days on Market (Pending Sale) ….…..

Days on Market (Pending Sale) ….…..

%

Month’s supply of Inventory……….…

Month’s supply of Inventory……….…

%

Percent Under Contract ………….……

%

Percent Under Contract ………….……

%

%


STUDIO CITY

SFR

Median Price ……………………..…….

$1,115,000

Median Price ……………………..…….

$730,250

-34.5%

Average Price per Square Foot ….…

$383

Average Price per Square Foot ….…

$380

-0.8%

Properties Sold ……………………….

7.0

Properties Sold ……………………….

24.0

242.9%

Properties Pending Sale ………………

12.0

Properties Pending Sale ………………

59.0

391.7%

Properties For Sale …………….……...

83.0

Properties For Sale …………….……...

77.0

-7.2%

Days on Market (Pending Sale) ….…..

77.6

Days on Market (Pending Sale) ….…..

91.0

17.3%

Month’s supply of Inventory……….…

5.0

Month’s supply of Inventory……….…

NA

NA%

Percent Under Contract ………….……

14.46%

Percent Under Contract ………….……

NA%

NA%


STUDIO CITY

CONDO

Median Price ……………………..…….

$473,500

Median Price ……………………..…….

$477,000

0.7%

Average Price per Square Foot ….…

$323

Average Price per Square Foot ….…

$282

-12.7%

Properties Sold ……………………….

2.0

Properties Sold ……………………….

11.0

450.0%

Properties Pending Sale ………………

6.0

Properties Pending Sale ………………

37.0

516.7%

Properties For Sale …………….……...

33.0

Properties For Sale …………….……...

20.0

-39.4%

Days on Market (Pending Sale) ….…..

58.2

Days on Market (Pending Sale) ….…..

86.0

47.8%

Month’s supply of Inventory……….…

4.3

Month’s supply of Inventory……….…

NA

NA%

Percent Under Contract ………….……

18.18%

Percent Under Contract ………….……

NA%

NA%


SUNSET STRIP – HOLLYWOOD HILLS WEST

SFR

Median Price ……………………..…….

$1,035,000

Median Price ……………………..…….

$1,051,500

1.6%

Average Price per Square Foot ….…

$527

Average Price per Square Foot ….…

$551

4.6%

Properties Sold ……………………….

39.0

Properties Sold ……………………….

30.0

-23.1%

Properties Pending Sale ………………

30.0

Properties Pending Sale ………………

44.0

46.7%

Properties For Sale …………….……...

349.0

Properties For Sale …………….……...

266.0

-23.8%

Days on Market (Pending Sale) ….…..

83.0

Days on Market (Pending Sale) ….…..

67.7

-18.4%

Month’s supply of Inventory……….…

9.2

Month’s supply of Inventory……….…

4.1

-55.7%

Percent Under Contract ………….……

8.60%

Percent Under Contract ………….……

16.54%

92.4%


SUNSET STRIP – HOLLYWOOD HILLS WEST

CONDO

Median Price ……………………..…….

$595,000

Median Price ……………………..…….

$494,000

-17.1%

Average Price per Square Foot ….…

$359

Average Price per Square Foot ….…

$525

46.2%

Properties Sold ……………………….

2.0

Properties Sold ……………………….

4.0

100.0%

Properties Pending Sale ………………

7.0

Properties Pending Sale ………………

8.0

14.3%

Properties For Sale …………….……...

55.0

Properties For Sale …………….……...

33.0

-40.0%

Days on Market (Pending Sale) ….…..

57.7

Days on Market (Pending Sale) ….…..

93.1

61.4%

Month’s supply of Inventory……….…

6.3

Month’s supply of Inventory……….…

2.6

-58.2%

Percent Under Contract ………….……

12.73%

Percent Under Contract ………….……

24.24%

90.5%


TOPANGA

SFR

Median Price ……………………..…….

$580,000

Median Price ……………………..…….

$702,500

21.1%

Average Price per Square Foot ….…

$288

Average Price per Square Foot ….…

$433

50.3%

Properties Sold ……………………….

2.0

Properties Sold ……………………….

6.0

200.0%

Properties Pending Sale ………………

7.0

Properties Pending Sale ………………

9.0

28.6%

Properties For Sale …………….……...

72.0

Properties For Sale …………….……...

60.0

-16.7%

Days on Market (Pending Sale) ….…..

51.1

Days on Market (Pending Sale) ….…..

96.0

87.7%

Month’s supply of Inventory……….…

8.6

Month’s supply of Inventory……….…

5.0

-41.7%

Percent Under Contract ………….……

9.72%

Percent Under Contract ………….……

15.00%

54.3%


TOPANGA

CONDO

Median Price ……………………..…….

$

Median Price ……………………..…….

$

%

Average Price per Square Foot ….…

$

Average Price per Square Foot ….…

$

%

Properties Sold ……………………….

Properties Sold ……………………….

%

Properties Pending Sale ………………

Properties Pending Sale ………………

%

Properties For Sale …………….……...

Properties For Sale …………….……...

Days on Market (Pending Sale) ….…..

Days on Market (Pending Sale) ….…..

%

Month’s supply of Inventory……….…

Month’s supply of Inventory……….…

%

Percent Under Contract ………….……

%

Percent Under Contract ………….……

1.0

%

%

%


VENICE

SFR

Median Price ……………………..…….

$840,000

Median Price ……………………..…….

$1,000,000

19.0%

Average Price per Square Foot ….…

$679

Average Price per Square Foot ….…

$589

-13.3%

Properties Sold ……………………….

17.0

Properties Sold ……………………….

9.0

-47.1%

Properties Pending Sale ………………

18.0

Properties Pending Sale ………………

23.0

27.8%

Properties For Sale …………….……...

125.0

Properties For Sale …………….……...

103.0

-17.6%

Days on Market (Pending Sale) ….…..

78.9

Days on Market (Pending Sale) ….…..

70.9

-10.2%

Month’s supply of Inventory……….…

5.2

Month’s supply of Inventory……….…

2.4

-52.9%

Percent Under Contract ………….……

14.40%

Percent Under Contract ………….……

22.33%

55.1%


VENICE

CONDO

Median Price ……………………..…….

$582,000

Median Price ……………………..…….

$1,125,000

93.3%

Average Price per Square Foot ….…

$570

Average Price per Square Foot ….…

$498

-12.6%

Properties Sold ……………………….

2.0

Properties Sold ……………………….

4.0

100.0%

Properties Pending Sale ………………

2.0

Properties Pending Sale ………………

5.0

150.0%

Properties For Sale …………….……...

33.0

Properties For Sale …………….……...

26.0

-21.2%

Days on Market (Pending Sale) ….…..

88.0

Days on Market (Pending Sale) ….…..

127.4

44.8%

Month’s supply of Inventory……….…

11.5

Month’s supply of Inventory……….…

3.2

-72.2%

Percent Under Contract ………….……

6.06%

Percent Under Contract ………….……

15.38%

153.8%


WEST HOLLYWOOD

SFR

Median Price ……………………..…….

$916,250

Median Price ……………………..…….

$1,168,000

27.5%

Average Price per Square Foot ….…

$602

Average Price per Square Foot ….…

$561

-6.8%

Properties Sold ……………………….

8.0

Properties Sold ……………………….

7.0

12.5%

Properties Pending Sale ………………

10.0

Properties Pending Sale ………………

7.0

-30.0%

Properties For Sale …………….……...

64.0

Properties For Sale …………….……...

43.0

-32.8%

Days on Market (Pending Sale) ….…..

80.8

Days on Market (Pending Sale) ….…..

77.7

-3.8%

Month’s supply of Inventory……….…

5.2

Month’s supply of Inventory……….…

4.3

-17.6%

Percent Under Contract ………….……

15.62%

Percent Under Contract ………….……

16.28%

4.2%


WEST HOLLYWOOD

CONDO

Median Price ……………………..…….

$543,000

Median Price ……………………..…….

$399,950

-26.3%

Average Price per Square Foot ….…

$403

Average Price per Square Foot ….…

$444

10.2%

Properties Sold ……………………….

37.0

Properties Sold ……………………….

30.0

-18.9%

Properties Pending Sale ………………

31.0

Properties Pending Sale ………………

34.0

9.7%

Properties For Sale …………….……...

258.0

Properties For Sale …………….……...

163.0

-36.8%

Days on Market (Pending Sale) ….…..

110.4

Days on Market (Pending Sale) ….…..

62.8

-43.1%

Month’s supply of Inventory……….…

6.6

Month’s supply of Inventory……….…

2.9

-55.3%

Percent Under Contract ………….……

12.02%

Percent Under Contract ………….……

20.86%

73.6%


WEST LOS ANGELES

SFR

Median Price ……………………..…….

$535,000

Median Price ……………………..…….

$690,000

29.0%

Average Price per Square Foot ….…

$394

Average Price per Square Foot ….…

$400

1.5%

Properties Sold ……………………….

5.0

Properties Sold ……………………….

5.0

0.0%

Properties Pending Sale ………………

4.0

Properties Pending Sale ………………

3.0

-25.0%

Properties For Sale …………….……...

48.0

Properties For Sale …………….……...

30.0

-37.5%

Days on Market (Pending Sale) ….…..

117.2

Days on Market (Pending Sale) ….…..

8.0

-93.2%

Month’s supply of Inventory……….…

8.8

Month’s supply of Inventory……….…

7.7

-12.4%

Percent Under Contract ………….……

8.33%

Percent Under Contract ………….……

10.0%

20.0%


WESTWOOD – CENTURY CITY

SFR

Median Price ……………………..…….

$1,515,000

Median Price ……………………..…….

$1,207,500

-20.3%

Average Price per Square Foot ….…

$653

Average Price per Square Foot ….…

$563

-13.8%

Properties Sold ……………………….

13.0

Properties Sold ……………………….

16.0

23.1%

Properties Pending Sale ………………

9.0

Properties Pending Sale ………………

25.0

177.8%

Properties For Sale …………….……...

77.0

Properties For Sale …………….……...

79.0

2.6%

Days on Market (Pending Sale) ….…..

30.7

Days on Market (Pending Sale) ….…..

27.7

-9.6%

Month’s supply of Inventory……….…

7.1

Month’s supply of Inventory……….…

1.7

-75.8%

Percent Under Contract ………….……

11.69%

Percent Under Contract ………….……

31.65%

170.7%


WESTWOOD – CENTURY CITY

CONDO

Median Price ……………………..…….

$606,250

Median Price ……………………..…….

$612,500

1.0%

Average Price per Square Foot ….…

$498

Average Price per Square Foot ….…

$525

5.4%

Properties Sold ……………………….

36.0

Properties Sold ……………………….

46.0

27.8%

Properties Pending Sale ………………

32.0

Properties Pending Sale ………………

58.0

81.2%

Properties For Sale …………….……...

418.0

Properties For Sale …………….……...

319.0

-23.7%

Days on Market (Pending Sale) ….…..

81.5

Days on Market (Pending Sale) ….…..

80.2

-1.6%

Month’s supply of Inventory……….…

10.9

Month’s supply of Inventory……….…

3.7

-65.8%

Percent Under Contract ………….……

7.66%

Percent Under Contract ………….……

18.18%

137.5%


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 Regional Marketing Director, Michael Lewis.

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. For More Information, Contact: Michael Lewis Regional Marketing Director Keller Williams Realty 11812 San Vicente Blvd. Suite 100 Los Angeles, CA 90049 m.lewis@kw.com


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