MARKET UPDATE: LOS ANGELES 3-Month Ending August 2013
Market Area Pgs. Featured Listings 2-3 Bel Air - Holmby Hills 4-5 Beverly Center - Miracle Mile 6-7 Beverly Hills 8-9 Beverly Hills Post Office 10-11 Beverlywood 12-13 Brentwood 14-15 Cheviot Hills - Rancho Park 16-17 Culver City 18-19 Downtown Los Angeles 20-21 Eagle Rock 22-23 Hancock Park 24-25 Hollywood 26-27 Hollywood Hills East 28-29 Los Feliz 30-31 Malibu 32-33
Market Area Pgs. Malibu Beach 34-35 Marina Del Rey 36-37 Mid Los Angeles 38-39 Mid Wilshire 40-41 Mount Washington 42-43 Pacific Palisades 44-45 Palms - Mar Vista 46-47 Playa Del Rey 48-49 Playa Vista 50-51 Santa Monica 52-53 Silverlake - Echo Park 54-55 Sunset Strip - Hollywood Hills 56-57 Venice 58-59 West Hollywood 60-61 West Los Angeles 62-63 Westwood - Century City 64-65
To view our listings please visit sothebyshomes.com/losangeles
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES | SANTA MONICA | SUNSET STRIP Operated by Sotheby’s International Realty, Inc.
BEL AIR | web: 0026627 | $8,200,000 BEVERLY HILLS BROKERAGE | Drew Mandile, Brooke Knapp 310.786.1803
BRENTWOOD | web: 0354993 | $5,825,000 BRENTWOOD BROKERAGE | Steven Moritz 310.871.3636
MALIBU | web: 0172599 | $3,980,000 MALIBU BROKERAGE | Audrey Ruth 310.924.4282, Barrie Livingstone 310.779.0310
WEST HOLLYWOOD | web: 0307760 | $2,500,000 SUNSET STRIP BROKERAGE | Ben Bacal 310.717.5522
Celebrated Reputation Centuries-old. Globally recognized. Associated with treasured possessions.
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES PASADENA | SANTA MONICA | SUNSET STRIP Operated by Sotheby’s International Realty, Inc.
BEVERLY HILLS | web: 0026820 | $4,695,000 BEVERLY HILLS BROKERAGE | Jodi Korn Radoff 310.717.9700
ENCINO | web: 0026782 | $4,395,000 BEVERLY HILLS BROKERAGE | Barry Sloane 310.786.1844, Marc Silver 310.809.4656
BEVERLY HILLS | web: 0343340 | $2,195,000 PACIFIC PALISADES BROKERAGE | Enzo Ricciardelli 310.255.5467
PASADENA | web: 0285239 | $2,188,000 LOS FELIZ BROKERAGE | Julie A. Mollo 323.459.2789
Visit us online to browse all of our exquisite homes at sothebyshomes.com/losangeles
BEL AIR - HOLMBY HILLS
SINGLE FAMILY HOME SALES
Bel Air is encompassed by a prestigious and well-known pocket of Los Angeles known as the Golden Triangle, including Bel Air, Beverly Hills and Holmby Hills. Bel Air real estate is tucked along the foothills of a section of the Santa Monica Mountains on the north side and borders UCLA and Sunset Boulevard to the south. Bel Air is approx. 12 miles from Downtown LA, minutes from the 405 freeway and close to the quaint Bel Air Hotel, yet it provides a feeling of serenity and ever sought-after escape from metropolitan life. Homes vary from original ranch style and modest one half stories to mansions with gorgeous views of the canyon and city lights. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $4,234,315 $1,086.40
< $1M $776,606 $444.98
$1M - $3M $1,941,748 $646.28
> $3M $9,746,533 $1,505.40
Average Sold Price
$4,096,173
$772,063
$1,899,317
$9,384,000
Average Sold Price per Square Foot
$1,449.40
$1,050.95
$442.38
$632.16
Total SFH Sold
47
8
24
15
Total SFH for Sale at End of Period
82
3
29
50
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
5.2
1.1
3.6
10.0
97%
99%
98%
96%
ALL
< $1M
$1M - $3M
> $3M
$2,523,893
$793,580
$1,823,056
$6,068,333
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
$614.47
$469.74
$544.95
$784.04
$2,389,017
$794,300
$1,740,000
$5,665,000 $716.79
$578.31
$470.17
$520.12
Total SFH Sold
29
5
18
6
Total SFH for Sale at End of Period
105
10
32
63
Average Sold Price per Square Foot
Average Monthly Supply of Inventory
10.9
6.0
5.3
31.5
Average Sold Price/Original List Price Ratio
95%
100%
95%
93%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
68%
-2%
7%
61%
Average List Price per Square Foot
77%
-5%
19%
92%
Average Sold Price
71%
-3%
9%
66%
Average Sold Price per Square Foot
82%
-6%
22%
102%
Total SFH Sold
62%
60%
33%
150%
Total SFH for Sale at End of Period
-22%
-70%
-9%
-21%
Average Monthly Supply of Inventory
-52%
-81%
-32%
-68%
2%
-1%
2%
3%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
4
BEL AIR - HOLMBY HILLS
CONDOMINIUM SALES BEL AIR - HOLMBY HILLS MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 12, more than 11 in August 2012 and 29% lower than the 17 sales closed last month. This means August 2013 sales were less than last month, but greater than same month prior year. The Average List Price for August 2013 was $6,054,158, compared to $1,714,182 for August 2012 and $3,566,762 for July 2013. That represents a 70% increase from last month. For JUN - AUG 2013, the Average List Price is a strong 68% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $5,869,384, compared to the JUN - AUG 2013 Average Sales Price of $4,096,173. These results mean the Sale Price is trending up. Comparing August 2013 to last month saw a 69% increase in Average Sale Price, and a 253% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013
ALL $$-
< $1M $$-
$1M - $3M $$-
> $3M $$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
3
-
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average List Price Average List Price per Square Foot
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$647,000
$647,000
$-
$-
Average List Price per Square Foot
$324.39
$324.39
$-
$-
Average Sold Price
$628,500
$628,500
$-
$-
Average Sold Price per Square Foot
$315.12
$315.12
$-
$-
Total Condos Sold
2
2
-
-
Total Condos for Sale at End of Period
2
2
-
-
3.0
3.0
-
-
97%
97%
0%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
-100%
-100%
0%
0%
Average List Price per Square Foot
-100%
-100%
0%
0%
Average Sold Price
-100%
-100%
0%
0%
Average Sold Price per Square Foot
-100%
-100%
0%
0%
Total Condos Sold
-100%
-100%
0%
0%
50%
-100%
0%
0%
Average Monthly Supply of Inventory
-100%
-100%
0%
0%
Average Sold Price/Original List Price Ratio
-100%
-100%
0%
0%
Total Condos for Sale at End of Period
(Source: MLS/CLAW)
5
BEVERLY CENTER - MIRACLE MILE
SINGLE FAMILY HOME SALES
The Beverly Center-Miracle Mile area of Los Angeles, known for its original Spanish two-story homes, duplexes and single-family homes, borders the Mid Los Angeles and Fairfax Districts as well as Hancock Park.The many original Spanish two-story homes, duplexes and single-family homes make up one of the cityâ&#x20AC;&#x2122;s most densely populated and commercial sections.The area is home to the world-famous Los Angeles County Museum of Modern Art (LACMA), the La Brea Tar Pits and the Petersen Automotive Museum, which all make up Museum Row. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $1,273,703 $627.58
< $1M $752,324 $516.55
$1M - $3M $1,500,956 $669.82
> $3M $3,400,000 $-
Average Sold Price
$1,262,341
$760,810
$1,479,020
$3,400,000
$622.22
$522.38
$660.21
$-
Total SFH Sold
74
25
48
1
Total SFH for Sale at End of Period
26
5
21
-
Average Monthly Supply of Inventory
1.1
0.6
1.3
-
99%
101%
99%
100%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
ALL
< $1M
$1M - $3M
> $3M
$1,083,775
$744,464
$1,577,318
$-
$481.57
$418.10
$553.15
$-
$1,063,111
$738,536
$1,535,219
$$-
$472.96
$414.29
$539.11
Total SFH Sold
54
32
22
-
Total SFH for Sale at End of Period
42
17
25
-
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.3
1.6
3.4
-
98%
99%
97%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
18%
1%
-5%
0%
Average List Price per Square Foot
30%
24%
21%
0%
Average Sold Price
19%
3%
-4%
0%
Average Sold Price per Square Foot
32%
26%
22%
0%
Total SFH Sold
37%
-22%
118%
0%
Total SFH for Sale at End of Period
-38%
-71%
-16%
0%
Average Monthly Supply of Inventory
-55%
-62%
-62%
0%
1%
2%
1%
0%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
6
BEVERLY CENTER - MIRACLE MILE
CONDOMINIUM SALES
BEVERLY CENTER - MIRACLE MILE MARKET OVERVIEW - AUGUST August 2013 Single Family Home sales were 28, more than 23 in August 2012 and 33% more than the 21 sales closed last month. This means August 2013 sales were greater than both last month and the same month prior year. The Average List Price for August 2013 was $1,115,300, compared to $1,200,707 for August 2012 and $1,453,281 for July 2013. That represents a 23% decrease from last month. For JUN - AUG 2013, the Average List Price is a strong 18% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $1,119,076, compared to the JUN - AUG 2013 Average Sales Price of $1,262,341. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 21% decrease in Average Sale Price, and a 4% decrease compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $656,567 $472.24
< $1M $625,645 $478.01
$1M - $3M $1,275,000 $422.19
> $3M $$-
Average Sold Price
$654,643
$624,375
$1,260,000
$-
Average Sold Price per Square Foot
$470.85
$477.04
$417.22
$-
Total Condos Sold
21
20
1
-
Total Condos for Sale at End of Period
26
-
-
-
Average Monthly Supply of Inventory
3.7
-
-
-
100%
100%
99%
0%
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$576,412
$576,412
$-
$-
Average List Price per Square Foot
$427.11
$427.11
$-
$-
Average Sold Price
$561,266
$561,266
$-
$-
Average Sold Price per Square Foot
$415.88
$415.88
$-
$-
Total Condos Sold
26
26
-
-
Total Condos for Sale at End of Period
18
15
3
-
Average Monthly Supply of Inventory
2.1
1.7
-
-
97%
97%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
14%
9%
0%
0%
Average List Price per Square Foot
11%
12%
0%
0%
Average Sold Price
17%
11%
0%
0%
Average Sold Price per Square Foot
13%
15%
0%
0%
Total Condos Sold
-19%
-23%
0%
0%
Total Condos for Sale at End of Period
44%
-100%
-100%
0%
Average Monthly Supply of Inventory
79%
-100%
0%
0%
Average Sold Price/Original List Price Ratio
2%
2%
0%
0%
(Source: MLS/CLAW)
7
BEVERLY HILLS
SINGLE FAMILY HOME SALES Beverly Hill, located within the Golden Triangle, is nestle up against the foothills of the Santa Monica Mountains on the north side. Beverly Hills is bordered by Westwood Village and Century City on the west,West Hollywood and Fairfax District on the east, and Los Angeles City and the 10 freeway on the South. Rodeo Drive between Wilshire Boulevard and Sunset Boulevard include not only the ultimate shopping mecca, but an area of large homes referred to as the Flats,.The blocks were designed by landscape architect William D. Cook, with large lots and wide curving streets lined with palm, eucalyptus and acacia trees and a three-block 80-foot-wide park running along Santa Monica Boulevard. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $5,100,579 $1,203.92
< $1M $$-
$1M - $3M $1,927,442 $809.94
> $3M $6,885,469 $1,310.51
Average Sold Price
$4,856,468
$-
$1,955,886
$6,488,046
Average Sold Price per Square Foot
$1,233.86
$1,144.35
$-
$813.52
Total SFH Sold
50
-
18
32
Total SFH for Sale at End of Period
70
-
15
55
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
4.2
-
2.5
5.2
95%
0%
101%
94%
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
ALL
< $1M
$1M - $3M
> $3M
$4,255,575
$-
$2,098,059
$5,850,261
$896.95
$-
$698.25
$975.29
$4,046,625
$-
$2,044,474
$5,526,475
$851.43
$-
$672.26
$922.07
Total SFH Sold
40
-
17
23
Total SFH for Sale at End of Period
102
-
20
82
Average Monthly Supply of Inventory
7.7
-
3.5
10.7
95%
0%
97%
94%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
20%
0%
-8%
18%
Average List Price per Square Foot
34%
0%
16%
34%
Average Sold Price
20%
0%
-4%
17%
Average Sold Price per Square Foot
34%
0%
21%
34%
Total SFH Sold
25%
0%
6%
39%
Total SFH for Sale at End of Period
-31%
0%
-25%
-33%
Average Monthly Supply of Inventory
-45%
0%
-29%
-52%
0%
0%
4%
0%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
8
BEVERLY HILLS
CONDOMINIUM SALES BEVERLY HILLS MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 24, more than 12 in August 2012 and 71% more than the 14 sales closed last month. This means August 2013 sales were greater than both last month and the same month prior year. The Average List Price for August 2013 was $5,934,958, compared to $3,880,000 for August 2012 and $4,900,857 for July 2013. That represents a 21% increase from last month. For JUN - AUG 2013, the Average List Price is a strong 20% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $5,609,873, compared to the JUN - AUG 2013 Average Sales Price of $4,856,468. These results mean the Sale Price is trending up. Comparing August 2013 to last month saw a 23% increase in Average Sale Price, and a 52% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $1,565,897 $878.66
< $1M $767,364 $498.41
$1M - $3M $1,473,800 $715.09
> $3M $10,580,000 $2,819.45
Average Sold Price
$1,417,725
$757,683
$1,359,000
$8,825,000
$795.52
$492.12
$659.39
$2,351.77
Total Condos Sold
29
22
5
2
Total Condos for Sale at End of Period
32
-
-
-
Average Monthly Supply of Inventory
3.3
-
-
-
91%
99%
92%
83%
ALL
< $1M
$1M - $3M
> $3M
$1,606,735
$715,778
$1,293,333
$6,556,250
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
$741.11
$411.26
$565.39
$1,684.65
$1,520,221
$684,722
$1,227,708
$6,157,500
$701.80
$395.07
$536.70
$1,582.19
Total Condos Sold
34
18
12
4
Total Condos for Sale at End of Period
42
17
20
5
Average Monthly Supply of Inventory
3.7
2.8
5.0
3.8
95%
96%
95%
94%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
-3%
7%
14%
61%
Average List Price per Square Foot
19%
21%
26%
67%
Average Sold Price
-7%
11%
11%
43%
Average Sold Price per Square Foot
13%
25%
23%
49%
Total Condos Sold
-15%
22%
-58%
-50%
Total Condos for Sale at End of Period
-24%
-100%
-100%
-100%
Average Monthly Supply of Inventory
-11%
-100%
-100%
-100%
Average Sold Price/Original List Price Ratio
-4%
3%
-3%
-11%
(Source: MLS/CLAW)
9
BEVERLY HILLS POST OFFICE
SINGLE FAMILY HOME SALES
Beverly Hills Post Office is home to grand estates, mansions and large traditional homes as well as some of the most celebrated gated communities in the area, including Mulholland Estates,The Summit, Beverly Ridge Estates and perhaps the most famous, Beverly Park. Lying outside of the City of Beverly Hills limits, Beverly Hills Post Office is part of Los Angeles, but is assigned to use the postal services of Beverly Hills, which started in the early 1960s.Within the area some of the most desired grand estates, mansions and large traditional homes in all of Southern California can be found. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $2,942,103 $764.12
< $1M $729,241 $385.97
$1M - $3M $2,057,964 $709.43
> $3M $6,480,333 $900.12
Average Sold Price
$2,858,862
$699,069
$2,033,494
$6,224,583 $871.95
$746.43
$370.00
$701.22
Total SFH Sold
48
8
28
12
Total SFH for Sale at End of Period
80
3
39
38
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
5.0
1.1
4.2
9.5
97%
96%
99%
96%
ALL
< $1M
$1M - $3M
> $3M
$2,264,839
$706,465
$2,010,500
$4,917,857
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
$700.03
$429.40
$642.76
$953.88
$2,159,829
$699,875
$1,924,672
$4,634,603 $905.55
$669.46
$425.39
$614.75
Total SFH Sold
39
8
24
7
Total SFH for Sale at End of Period
94
7
46
41
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
7.2
2.6
5.8
17.6
95%
99%
96%
94%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
30%
3%
2%
32%
Average List Price per Square Foot
9%
-10%
10%
-6%
Average Sold Price
32%
0%
6%
34%
Average Sold Price per Square Foot
11%
-13%
14%
-4%
Total SFH Sold
23%
0%
17%
71%
Total SFH for Sale at End of Period
-15%
-57%
-15%
-7%
Average Monthly Supply of Inventory
-31%
-57%
-27%
-46%
2%
-3%
3%
2%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
10
BEVERLY HILLS POST OFFICE
CONDOMINIUM SALES BEVERLY HILLS POST OFFICE MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 14, more than 12 in August 2012 and 30% lower than the 20 sales closed last month. This means August 2013 sales were less than last month, but greater than same month prior year. The Average List Price for August 2013 was $2,120,171, compared to $2,638,167 for August 2012 and $3,594,550 for July 2013. That represents a 41% decrease from last month. For JUN - AUG 2013, the Average List Price is a strong 30% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $2,089,035, compared to the JUN - AUG 2013 Average Sales Price of $2,858,862. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 40% decrease in Average Sale Price, and a 17% decrease compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013
ALL $$-
< $1M $$-
$1M - $3M $$-
> $3M $$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
-
-
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average List Price Average List Price per Square Foot
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$-
$-
$-
$-
Average List Price per Square Foot
$-
$-
$-
$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
-
-
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
0%
0%
0%
0%
Average List Price per Square Foot
0%
0%
0%
0%
Average Sold Price
0%
0%
0%
0%
Average Sold Price per Square Foot
0%
0%
0%
0%
Total Condos Sold
0%
0%
0%
0%
Total Condos for Sale at End of Period
0%
0%
0%
0%
Average Monthly Supply of Inventory
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio
0%
0%
0%
0%
(Source: MLS/CLAW)
11
BEVERLYWOOD
SINGLE FAMILY HOME SALES Beverlywood is an upscale neighborhood in Los Angeles strategically placed near the heart of one of the world’s largest cities, and is the ideal home for anyone from couples raising families to retirees.The community is friendly and features treelined streets, lush green parks, fancy storefronts, sidewalk delis and cozy cafes for its residents. Almost all of Beverlywood’s inhabitants live in single-family homes built between the 1920s and the 1950s, with the oldest homes in the areas near Beverly Hills. Beverlywood residents enjoy an upscale community of homes constructed from 1920s through the 1950s. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $961,398 $486.70
< $1M $702,909 $453.09
$1M - $3M $1,589,499 $555.31
> $3M $3,800,000 $433.30
Average Sold Price
$958,494
$706,223
$1,610,516
$3,182,400
Average Sold Price per Square Foot
$362.87
$484.95
$454.85
$562.65
Total SFH Sold
60
45
14
1
Total SFH for Sale at End of Period
34
15
18
1
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.7
1.0
3.9
3.0
100%
100%
101%
84%
SFH JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$947,265
$703,693
$1,629,267
$-
Average List Price per Square Foot
$473.18
$430.40
$538.37
$-
Average Sold Price
$925,849
$688,450
$1,590,567
$-
Average Sold Price per Square Foot
$-
$462.40
$420.62
$526.09
Total SFH Sold
57
42
15
-
Total SFH for Sale at End of Period
33
26
6
1
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.7
1.9
1.2
-
98%
98%
98%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
1%
0%
-2%
0%
Average List Price per Square Foot
3%
5%
3%
0%
Average Sold Price
4%
3%
1%
0%
Average Sold Price per Square Foot
5%
8%
7%
0%
Total SFH Sold
5%
7%
-7%
0% 0%
Total SFH for Sale at End of Period
3%
-42%
200%
Average Monthly Supply of Inventory
-2%
-46%
221%
0%
Average Sold Price/Original List Price Ratio
2%
3%
3%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
12
BEVERLYWOOD
CONDOMINIUM SALES BEVERLYWOOD MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 14, less than 18 in August 2012 and 26% lower than the 19 sales closed last month. This means August 2013 sales were lower than both last month and same month prior year. The Average List Price for August 2013 was $888,786, compared to $1,104,722 for August 2012 and $1,043,153 for July 2013. That represents a 15% decrease from last month. For JUN - AUG 2013, the Average List Price is 1% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $905,463, compared to the JUN - AUG 2013 Average Sales Price of $958,494. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 14% decrease in Average Sale Price, and a 16% decrease compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $625,475 $430.19
< $1M $581,507 $428.99
$1M - $3M $1,285,000 $438.57
> $3M $$-
Average Sold Price
$623,859
$579,783
$1,285,000
$-
Average Sold Price per Square Foot
$429.08
$427.72
$438.57
$-
Total Condos Sold
16
15
1
-
Total Condos for Sale at End of Period
10
-
-
-
Average Monthly Supply of Inventory
1.9
-
-
-
100%
100%
100%
0%
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$489,458
$489,458
$-
$-
Average List Price per Square Foot
$358.62
$358.62
$-
$-
Average Sold Price
$482,346
$482,346
$-
$-
Average Sold Price per Square Foot
$353.41
$353.41
$-
$-
Total Condos Sold
13
13
-
-
Total Condos for Sale at End of Period
17
17
-
-
Average Monthly Supply of Inventory
3.9
3.9
-
-
99%
99%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
28%
19%
0%
0%
Average List Price per Square Foot
20%
20%
0%
0%
Average Sold Price
29%
20%
0%
0%
Average Sold Price per Square Foot
21%
21%
0%
0%
Total Condos Sold
23%
15%
0%
0%
Total Condos for Sale at End of Period
-41%
-100%
0%
0%
Average Monthly Supply of Inventory
-52%
-100%
0%
0%
1%
1%
0%
0%
Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
13
BRENTWOOD
SINGLE FAMILY HOME SALES Brentwood is one of the wealthiest areas of Los Angeles, populated by affluent professionals, political figures and celebrities. Known for its Spanish-style homes, condos and traditional homes, Brentwood has prosperous commercial districts along each of its major east-west thoroughfares,Wilshire Boulevard, San Vicente Boulevard and Sunset Boulevard.The Spanish-style and traditional-style homes as well as the condos of Brentwood are located at the base of the Santa Monica Mountains. Brentwood was once part of the Rancho San Vicente y Santa Monica, a Mexican land-grant ranch sold off in pieces by the Sepulveda family after the Mexican-American War.
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $3,114,481 $853.17
< $1M $$-
$1M - $3M $1,995,538 $765.31
> $3M $5,269,481 $943.54
Average Sold Price
$3,054,911
$-
$1,948,487
$5,185,802 $927.35
$835.18
$-
$745.56
Total SFH Sold
79
-
52
27
Total SFH for Sale at End of Period
67
1
34
32
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.5
-
2.0
3.6
98%
0%
98%
98%
ALL
< $1M
$1M - $3M
> $3M
$2,962,806
$893,500
$1,856,822
$7,288,118
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
$841.08
$721.44
$612.68
$1,209.85
$2,840,820
$854,750
$1,802,803
$6,910,657
$805.91
$690.15
$594.69
$1,147.19
Total SFH Sold
80
4
59
17
Total SFH for Sale at End of Period
77
3
39
35
Average Monthly Supply of Inventory
2.9
2.3
2.0
6.2
96%
96%
97%
95%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
5%
-100%
7%
-28%
Average List Price per Square Foot
1%
-100%
25%
-22%
Average Sold Price
8%
-100%
8%
-25%
Average Sold Price per Square Foot
4%
-100%
25%
-19%
Total SFH Sold
-1%
-100%
-12%
59%
Total SFH for Sale at End of Period
-13%
-67%
-13%
-9%
Average Monthly Supply of Inventory
-12%
-100%
-1%
-42%
2%
-100%
1%
4%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
14
BRENTWOOD
CONDOMINIUM SALES BRENTWOOD MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 24, less than 26 in August 2012 and 14% lower than the 28 sales closed last month. This means August 2013 sales were lower than both last month and same month prior year. The Average List Price for August 2013 was $2,797,875, compared to $3,503,885 for August 2012 and $3,646,214 for July 2013. That represents a 23% decrease from last month. For JUN - AUG 2013, the Average List Price is 5% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $2,798,156, compared to the JUN - AUG 2013 Average Sales Price of $3,054,911. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 19% decrease in Average Sale Price, and a 20% decrease compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $723,292 $495.14
< $1M $657,473 $486.83
$1M - $3M $1,436,333 $540.45
> $3M $$-
Average Sold Price
$726,354
$661,564
$1,428,250
$-
Average Sold Price per Square Foot
$497.29
$489.93
$537.41
$-
Total Condos Sold
71
65
6
-
Total Condos for Sale at End of Period
40
-
-
-
Average Monthly Supply of Inventory
1.7
-
-
-
100%
101%
99%
0%
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$715,861
$645,701
$1,435,000
$-
Average List Price per Square Foot
$452.49
$432.51
$574.98
$-
Average Sold Price
$700,175
$635,253
$1,365,625
$-
Average Sold Price per Square Foot
$442.58
$425.52
$547.18
$-
Total Condos Sold
45
41
4
-
Total Condos for Sale at End of Period
37
32
5
-
Average Monthly Supply of Inventory
2.5
2.3
3.8
-
98%
98%
95%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
1%
2%
0%
0%
Average List Price per Square Foot
9%
13%
-6%
0%
Average Sold Price
4%
4%
5%
0%
Average Sold Price per Square Foot
12%
15%
-2%
0%
Total Condos Sold
58%
59%
50%
0%
Total Condos for Sale at End of Period Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
15
8%
-100%
-100%
0%
-31%
-100%
-100%
0%
3%
2%
4%
0%
CHEVIOT HILLS - RANCHO PARK
SINGLE FAMILY HOME SALES
Cheviot Hills and Rancho Park are both situated within a short drive of Fox Studios and Sony Studios. Cheviot Hills provides excellent views of much of the Los Angeles. Cheviot Hillsâ&#x20AC;&#x2122; gently rolling hills are reminiscent of the Cheviot Hills area of Scotland, which is how the area got its name. Rancho Park, though a small residential neighborhood in West Los Angeles, is one of the few districts in Los Angeles where fall foliage can be seen. Nestled between Westwood and Cheviot Hills, Rancho Park is mostly filled with single-family homes and tree-lined streets. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $1,652,341 $622.26
< $1M $614,450 $488.43
$1M - $3M $1,573,429 $603.66
> $3M $3,795,000 $801.06
Average Sold Price
$1,644,728
$620,000
$1,580,046
$3,575,000
$619.39
$492.85
$606.19
$754.62
Total SFH Sold
32
2
28
2
Total SFH for Sale at End of Period
10
1
9
-
Average Monthly Supply of Inventory
0.9
1.5
1.0
-
100%
101%
100%
94%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
ALL
< $1M
$1M - $3M
> $3M
$1,481,329
$939,500
$1,589,695
$-
$528.34
$430.32
$544.34
$-
$1,438,517
$945,750
$1,537,070
$$-
$513.22
$433.18
$526.28
Total SFH Sold
24
4
20
-
Total SFH for Sale at End of Period
17
7
9
1
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.1
5.3
1.4
-
97%
101%
97%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
12%
-35%
-1%
0%
Average List Price per Square Foot
18%
14%
11%
0%
Average Sold Price
14%
-34%
3%
0%
Average Sold Price per Square Foot
21%
14%
15%
0%
Total SFH Sold
33%
-50%
40%
0%
Total SFH for Sale at End of Period
-41%
-86%
0%
-100%
Average Monthly Supply of Inventory
-56%
-71%
-29%
0%
3%
0%
4%
0%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
16
CHEVIOT HILLS - RANCHO PARK
CONDOMINIUM SALES
CHEVIOT HILLS - RANCHO PARK MARKET OVERVIEW - AUGUST August 2013 Single Family Home sales were 10, which equals 10 in August 2012 and 43% more than the 7 sales closed last month. This means August 2013 sales were greater than last month but matched the same month prior year. The Average List Price for August 2013 was $1,386,400, compared to $1,299,790 for August 2012 and $2,303,286 for July 2013. That represents a 40% decrease from last month. For JUN - AUG 2013, the Average List Price is 12% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $1,421,950, compared to the JUN - AUG 2013 Average Sales Price of $1,644,728. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 36% decrease in Average Sale Price, but a 10% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013
ALL $$-
< $1M $$-
$1M - $3M $$-
> $3M $$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
-
-
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average List Price Average List Price per Square Foot
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$-
$-
$-
$-
Average List Price per Square Foot
$-
$-
$-
$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
-
-
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
0%
0%
0%
0%
Average List Price per Square Foot
0%
0%
0%
0%
Average Sold Price
0%
0%
0%
0%
Average Sold Price per Square Foot
0%
0%
0%
0%
Total Condos Sold
0%
0%
0%
0%
Total Condos for Sale at End of Period
0%
0%
0%
0%
Average Monthly Supply of Inventory
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio
0%
0%
0%
0%
(Source: MLS/CLAW)
17
CULVER CITY
SINGLE FAMILY HOME SALES Charming Culver City, with its condos and traditional and Spanish-style homes, is a town of galleries, shops, cafes and entrepreneurial businesses. Culver City has been a focal point for motion picture studios since the 1920s and more recently for television production, having been home to MGM Studios, the Culver Studios and now Sony Picture Entertainment. Home of the Kirk Douglas Theatre, Helms Bakeries and the Culver Hotel, Culver Cityâ&#x20AC;&#x2122;s condos, traditional homes and Spanish-style homes offer a combination of urban living and small town charm. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $813,021 $475.44
< $1M $747,589 $475.01
$1M - $3M $1,181,818 $476.92
> $3M $$-
Average Sold Price
$831,175
$767,029
$1,192,727
$-
Average Sold Price per Square Foot
$-
$486.03
$487.36
$481.33
Total SFH Sold
73
62
11
-
Total SFH for Sale at End of Period
27
21
6
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.1
1.0
1.6
-
102%
103%
101%
0%
SFH JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$702,730
$684,917
$1,059,000
$-
Average List Price per Square Foot
$442.97
$441.32
$465.56
$-
Average Sold Price
$700,084
$681,855
$1,064,667
$-
Average Sold Price per Square Foot
$-
$441.30
$439.34
$468.05
Total SFH Sold
63
60
3
-
Total SFH for Sale at End of Period
45
42
3
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.1
2.1
3.0
-
100%
100%
101%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
16%
9%
12%
0%
Average List Price per Square Foot
7%
8%
2%
0%
Average Sold Price
19%
12%
12%
0%
Average Sold Price per Square Foot
10%
11%
3%
0%
Total SFH Sold
16%
3%
267%
0%
Total SFH for Sale at End of Period
-40%
-50%
100%
0%
Average Monthly Supply of Inventory
-48%
-52%
-45%
0%
3%
3%
0%
0%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
18
CULVER CITY
CONDOMINIUM SALES CULVER CITY MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 28, more than 23 in August 2012 and 8% more than the 26 sales closed last month. This means August 2013 sales were greater than both last month and the same month prior year. The Average List Price for August 2013 was $878,518, compared to $734,261 for August 2012 and $782,231 for July 2013. That represents a 12% increase from last month. For JUN - AUG 2013, the Average List Price is a strong 16% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $894,825, compared to the JUN - AUG 2013 Average Sales Price of $831,175. These results mean the Sale Price is trending up. Comparing August 2013 to last month saw a 13% increase in Average Sale Price, and a 22% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $402,923 $349.55
< $1M $402,923 $349.55
$1M - $3M $$-
> $3M $$-
Average Sold Price
$414,592
$414,592
$-
$-
Average Sold Price per Square Foot
$359.67
$359.67
$-
$-
Total Condos Sold
83
83
-
-
Total Condos for Sale at End of Period
16
-
-
-
Average Monthly Supply of Inventory
0.6
-
-
-
103%
103%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$292,564
$292,564
$-
$-
Average List Price per Square Foot
$285.77
$285.77
$-
$-
Average Sold Price
$289,647
$289,647
$-
$-
Average Sold Price per Square Foot
$283.08
$283.08
$-
$-
Total Condos Sold
46
46
-
-
Total Condos for Sale at End of Period
16
16
-
-
Average Monthly Supply of Inventory
1.0
1.0
-
-
99%
99%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
38%
38%
0%
0%
Average List Price per Square Foot
22%
22%
0%
0%
Average Sold Price
43%
43%
0%
0%
Average Sold Price per Square Foot
27%
27%
0%
0%
Total Condos Sold
80%
80%
0%
0%
Total Condos for Sale at End of Period Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
19
0%
-100%
0%
0%
-45%
-100%
0%
0%
4%
4%
0%
0%
DOWNTOWN LOS ANGELES
SINGLE FAMILY HOME SALES
Downtown Los Angeles offers urban living with its condos and lofts, and its central business district with skyscrapers, multinational corporations, popular art institutions, public art displays, sightseeing opportunities, sports facilities and shopping. Home to world-famous establishments like The Walt Disney Concert Hall, Staples Center, Cathedral of our Lady of the Angels and the University of Southern California, Downtown Los Angeles borders Lincoln Heights and the LA River to the east, Hollywood to the north, the Santa Monica Freeway to the south, and the Harbor Freeway to the west. Perfect for those seeking condos and lofts. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $258,581 $170.67
< $1M $258,581 $170.67
$1M - $3M $$-
> $3M $$-
Average Sold Price
$266,468
$266,468
$-
$-
Average Sold Price per Square Foot
$-
$175.88
$175.88
$-
Total SFH Sold
32
32
-
-
Total SFH for Sale at End of Period
32
31
-
1
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
3.0
2.9
-
-
103%
103%
0%
0%
SFH JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$171,729
$171,729
$-
$-
Average List Price per Square Foot
$132.38
$132.38
$-
$-
Average Sold Price
$174,677
$174,677
$-
$-
Average Sold Price per Square Foot
$-
$134.76
$134.76
$-
Total SFH Sold
43
43
-
-
Total SFH for Sale at End of Period
32
32
-
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.2
2.2
-
-
102%
102%
0%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
51%
51%
0%
0%
Average List Price per Square Foot
29%
29%
0%
0%
Average Sold Price
53%
53%
0%
0%
Average Sold Price per Square Foot
31%
31%
0%
0%
Total SFH Sold
-26%
-26%
0%
0% 0%
Total SFH for Sale at End of Period
0%
-3%
0%
Average Monthly Supply of Inventory
34%
30%
0%
0%
Average Sold Price/Original List Price Ratio
1%
1%
0%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
20
DOWNTOWN LOS ANGELES
CONDOMINIUM SALES DOWNTOWN LOS ANGELES MARKET OVERVIEW - AUGUST
August 2013 Condominium sales were 38, less than 45 in August 2012 and 15% more than the 33 sales closed last month. This means August 2013 sales were greater than last month, but less then same month prior year. The Average List Price for August 2013 was $530,071, compared to $453,297 for August 2012 and $541,721 for July 2013. That represents a 2% decrease from last month. For JUN - AUG 2013, the Average List Price is a strong 16% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $517,658, compared to the JUN - AUG 2013 Average Sales Price of $548,229. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 4% decrease in Average Sale Price, but a 19% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $557,994 $511.96
< $1M $484,739 $472.27
$1M - $3M $1,803,333 $831.28
> $3M $$-
Average Sold Price
$548,229
$481,380
$1,684,667
$-
Average Sold Price per Square Foot
$503.01
$468.99
$776.58
$-
Total Condos Sold
108
102
6
-
Total Condos for Sale at End of Period
112
-
-
-
Average Monthly Supply of Inventory
3.1
-
-
-
98%
99%
93%
0%
ALL
< $1M
$1M - $3M
> $3M
$482,002
$381,439
$1,765,357
$4,270,000
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012 Average List Price Average List Price per Square Foot
$420.27
$357.44
$795.97
$1,034.15
Average Sold Price
$467,462
$376,200
$1,661,429
$3,700,000
Average Sold Price per Square Foot
$407.83
$352.91
$749.11
$896.10
Total Condos Sold
135
127
7
1
Total Condos for Sale at End of Period
83
61
19
3
Average Monthly Supply of Inventory
1.8
1.4
8.1
9.0
97%
99%
94%
87%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
16%
27%
2%
-100%
Average List Price per Square Foot
22%
32%
4%
-100%
Average Sold Price
17%
28%
1%
-100%
Average Sold Price per Square Foot
23%
33%
4%
-100%
Total Condos Sold
-20%
-20%
-14%
-100%
Total Condos for Sale at End of Period
35%
-100%
-100%
-100%
Average Monthly Supply of Inventory
69%
-100%
-100%
-100%
Average Sold Price/Original List Price Ratio
1%
1%
-1%
-100%
(Source: MLS/CLAW)
21
EAGLE ROCK
SINGLE FAMILY HOME SALES Eagle Rock, a neighborhood of architectural and historic homes, is bordered by Glendale on the north and west, Highland Park to the southeast, Glassell Park to the southwest, and Pasadena and South Pasadena on the east. At certain times of the day on the northern edge of Eagle Rock, an enormous boulder projects a bird-shaped shadow resembling an eagle in flight, giving the city its name. Since the 1920s, artists, writers and filmmakers have moved to the architectural and historic homes of Eagle Rock, with Craftsman, Georgian, Art Deco and Mission Revival styles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $562,617 $401.25
< $1M $562,617 $401.25
$1M - $3M $$-
> $3M $$-
Average Sold Price
$576,438
$576,438
$-
$-
Average Sold Price per Square Foot
$-
$410.79
$410.79
$-
Total SFH Sold
54
54
-
-
Total SFH for Sale at End of Period
27
24
3
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.5
1.3
-
-
102%
102%
0%
0%
SFH JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$496,898
$496,898
$-
$-
Average List Price per Square Foot
$329.96
$329.96
$-
$-
Average Sold Price
$506,787
$506,787
$-
$-
Average Sold Price per Square Foot
$-
$336.53
$336.53
$-
Total SFH Sold
52
52
-
-
Total SFH for Sale at End of Period
31
29
1
1
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.8
1.7
-
-
102%
102%
0%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
13%
13%
0%
0%
Average List Price per Square Foot
22%
22%
0%
0%
Average Sold Price
14%
14%
0%
0%
Average Sold Price per Square Foot
22%
22%
0%
0%
Total SFH Sold
4%
4%
0%
0%
Total SFH for Sale at End of Period
-13%
-17%
200%
-100%
Average Monthly Supply of Inventory
-16%
-20%
0%
0%
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
22
EAGLE ROCK
CONDOMINIUM SALES EAGLE ROCK MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 20, more than 9 in August 2012 and 5% lower than the 21 sales closed last month. This means August 2013 sales were less than last month, but greater than same month prior year. The Average List Price for August 2013 was $577,133, compared to $513,667 for August 2012 and $563,429 for July 2013. That represents a 2% increase from last month. For JUN AUG 2013, the Average List Price is 13% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $592,550, compared to the JUN - AUG 2013 Average Sales Price of $576,438. These results mean the Sale Price is trending up. Comparing August 2013 to last month saw a 4% increase in Average Sale Price, and a 14% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013
ALL $$-
< $1M $$-
$1M - $3M $$-
> $3M $$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
1
-
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average List Price Average List Price per Square Foot
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$-
$-
$-
$-
Average List Price per Square Foot
$-
$-
$-
$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
-
-
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
0%
0%
0%
0%
Average List Price per Square Foot
0%
0%
0%
0%
Average Sold Price
0%
0%
0%
0%
Average Sold Price per Square Foot
0%
0%
0%
0%
Total Condos Sold
0%
0%
0%
0%
Total Condos for Sale at End of Period
0%
0%
0%
0%
Average Monthly Supply of Inventory
0%
0%
0%
0%
Average Sold Price/Original List Price Ratio
0%
0%
0%
0%
(Source: MLS/CLAW)
23
SINGLE FAMILY HOME SALES
HANCOCK PARK
Hancock Park is a historic neighborhood in Los Angeles, which was developed in the 1920s by the Hancock family with profits earned from oil drilling.The residential community is centrally located in the city and is bound by Wilshire Boulevard, Melrose Avenue, Higland Avenue and Rossmore Avenue. Unusual for most LA neighborhoods, residences in Hancock Park tend to be set back from the street, most power and telephone lines are buried, and fences are a rarity. It is located near both the Wilshire Country Club and the Los Angeles Tennis Club. Hancock Park continues to be one of the most desirable areas in all of Southern California to live. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $1,463,669 $518.29
< $1M $765,021 $391.46
$1M - $3M $1,631,724 $544.84
> $3M $3,412,111 $633.87
Average Sold Price
$1,465,958
$783,756
$1,618,756
$3,415,000 $634.40
$519.22
$401.05
$540.56
Total SFH Sold
80
34
37
9
Total SFH for Sale at End of Period
59
16
31
12
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.2
1.4
2.5
4.0
100%
102%
99%
100%
ALL
< $1M
$1M - $3M
> $3M
$1,213,107
$718,665
$1,601,607
$4,179,667
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
$457.32
$373.63
$486.64
$651.48
$1,174,005
$715,423
$1,539,909
$3,873,333 $603.73
$442.58
$371.95
$467.89
Total SFH Sold
71
40
28
3
Total SFH for Sale at End of Period
60
24
26
10
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.5
1.8
2.8
10.0
97%
100%
96%
93%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
21%
6%
2%
-18%
Average List Price per Square Foot
13%
5%
12%
-3%
Average Sold Price
25%
10%
5%
-12%
Average Sold Price per Square Foot
17%
8%
16%
5%
Total SFH Sold
13%
-15%
32%
200%
Total SFH for Sale at End of Period
-2%
-33%
19%
20%
Average Monthly Supply of Inventory
-13%
-22%
-10%
-60%
3%
3%
3%
8%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
24
CONDOMINIUM SALES
HANCOCK PARK
HANCOCK PARK MARKET OVERVIEW - AUGUST August 2013 Single Family Home sales were 24, less than 32 in August 2012 and 14% lower than the 28 sales closed last month. This means August 2013 sales were lower than both last month and same month prior year. The Average List Price for August 2013 was $1,423,450, compared to $1,178,956 for August 2012 and $1,461,600 for July 2013. That represents a 3% decrease from last month. For JUN - AUG 2013, the Average List Price is a strong 21% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $1,402,403, compared to the JUN - AUG 2013 Average Sales Price of $1,465,958. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 6% decrease in Average Sale Price, but a 22% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $498,319 $412.87
< $1M $455,312 $398.24
$1M - $3M $1,595,000 $563.60
> $3M $$-
Average Sold Price
$492,423
$451,165
$1,544,500
$-
Average Sold Price per Square Foot
$407.99
$394.61
$545.76
$-
Total Condos Sold
53
51
2
-
Total Condos for Sale at End of Period
55
-
-
-
Average Monthly Supply of Inventory
3.1
-
-
-
99%
99%
97%
0%
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$393,371
$362,015
$1,239,975
$-
Average List Price per Square Foot
$300.07
$279.54
$661.67
$-
Average Sold Price
$389,172
$358,122
$1,227,500
$-
Average Sold Price per Square Foot
$296.89
$276.55
$655.02
$-
Total Condos Sold
56
54
2
-
Total Condos for Sale at End of Period
23
22
1
-
Average Monthly Supply of Inventory
1.2
1.2
1.5
-
99%
99%
99%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
27%
26%
29%
0%
Average List Price per Square Foot
38%
42%
-15%
0%
Average Sold Price
27%
26%
26%
0%
Average Sold Price per Square Foot
37%
43%
-17%
0%
Total Condos Sold
-5%
-6%
0%
0%
Total Condos for Sale at End of Period
139%
-100%
-100%
0%
Average Monthly Supply of Inventory
153%
-100%
-100%
0%
0%
0%
-2%
0%
Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
25
HOLLYWOOD
SINGLE FAMILY HOME SALES Hollywood puts you right in one of the most desirable districts of Los Angeles real estate. Hollywood’s fame is rooted in its cultural identity, peerless entertainment industry and historical significance as the origin of American cinema. Hollywood is consistently the host of major events such as the Academy Awards and is the paramount tourist attraction with Hollywood Boulevard, the Walk of Fame and the Hollywood Bowl. From the red carpet to Hollywood’s 130-acre national park, Runyon Canyon, this vibrant community radiates its authentic prestige. Hollywood homes and estates are some of the most luxurious in all of California. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $657,048 $422.98
< $1M $634,633 $409.08
$1M - $3M $1,195,000 $709.62
> $3M $$-
Average Sold Price
$656,568
$633,925
$1,200,000
$-
Average Sold Price per Square Foot
$-
$422.32
$408.25
$712.59
Total SFH Sold
25
24
1
-
Total SFH for Sale at End of Period
22
17
5
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.6
2.1
15.0
-
100%
100%
100%
0%
SFH JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$643,633
$471,360
$1,505,000
$-
Average List Price per Square Foot
$352.64
$275.86
$625.09
$-
Average Sold Price
$641,683
$469,353
$1,503,333
$-
Average Sold Price per Square Foot
$-
$351.58
$274.69
$624.39
Total SFH Sold
18
15
3
-
Total SFH for Sale at End of Period
16
14
2
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.7
2.8
2.0
-
100%
100%
100%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
2%
35%
-21%
0%
Average List Price per Square Foot
20%
48%
14%
0%
Average Sold Price
2%
35%
-20%
0%
Average Sold Price per Square Foot
20%
49%
14%
0%
Total SFH Sold
39%
60%
-67%
0% 0%
Total SFH for Sale at End of Period
38%
21%
150%
Average Monthly Supply of Inventory
-1%
-24%
650%
0%
Average Sold Price/Original List Price Ratio
0%
0%
1%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
26
HOLLYWOOD
CONDOMINIUM SALES HOLLYWOOD MARKET OVERVIEW - AUGUST
August 2013 Condominium sales were 13, more than 10 in August 2012 and 30% more than the 10 sales closed last month. This means August 2013 sales were greater than both last month and the same month prior year. The Average List Price for August 2013 was $617,523, compared to $493,490 for August 2012 and $525,800 for July 2013. That represents a 17% increase from last month. For JUN - AUG 2013, the Average List Price is 13% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $615,692, compared to the JUN - AUG 2013 Average Sales Price of $584,879. These results mean the Sale Price is trending up. Comparing August 2013 to last month saw a 16% increase in Average Sale Price, and a 26% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $585,236 $455.19
< $1M $546,897 $435.68
$1M - $3M $1,179,500 $663.20
> $3M $$-
Average Sold Price
$584,879
$546,516
$1,179,500
$-
Average Sold Price per Square Foot
$454.91
$435.37
$663.20
$-
Total Condos Sold
33
31
2
-
Total Condos for Sale at End of Period
40
-
-
-
Average Monthly Supply of Inventory
3.6
-
-
-
100%
100%
100%
0%
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$520,068
$520,068
$-
$-
Average List Price per Square Foot
$387.49
$387.49
$-
$-
Average Sold Price
$508,721
$508,721
$-
$-
Average Sold Price per Square Foot
$379.04
$379.04
$-
$-
Total Condos Sold
28
28
-
-
Total Condos for Sale at End of Period
40
39
1
-
Average Monthly Supply of Inventory
4.3
4.2
-
-
98%
98%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
13%
5%
0%
0%
Average List Price per Square Foot
17%
12%
0%
0%
Average Sold Price
15%
7%
0%
0%
Average Sold Price per Square Foot
20%
15%
0%
0%
Total Condos Sold
18%
11%
0%
0%
Total Condos for Sale at End of Period Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
27
0%
-100%
-100%
0%
-15%
-100%
0%
0%
2%
2%
0%
0%
HOLLYWOOD HILLS EAST
SINGLE FAMILY HOME SALES
Hollywood Hills real estate means breathtaking homes in a sought-after neighborhood of Los Angeles. It is located overlooking the city in the southeastern Santa Monica Mountains. High above the city, the views of Downtown Los Angeles and the Pacific, and the calm and serenity that can be found there make the Hills a draw for many celebrities and non-celebrities alike. A number of Hollywood Hills homes can be found on the Bird Streets above the Sunset Strip, Laurel Canyon and Beachwood Canyon. Mulholland Drive, famed on its own, can be found along the top of the Hills. Homes here can range from Mid-Century masterpieces to stunning modern Architectural to traditional hillside. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $1,130,338 $492.42
< $1M $823,686 $458.37
$1M - $3M $1,355,350 $488.57
> $3M $5,523,000 $767.08
Average Sold Price
$1,139,332
$820,366
$1,393,800
$5,300,000 $736.11
$496.11
$456.52
$502.45
Total SFH Sold
50
29
20
1
Total SFH for Sale at End of Period
39
9
27
3
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.3
0.9
4.1
9.0
101%
100%
103%
96%
SFH JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
$1,015,904
$759,360
$1,528,993
$-
Average List Price per Square Foot
$436.64
$371.59
$521.27
$-
Average Sold Price
$984,444
$738,650
$1,476,033
$-
Average Sold Price per Square Foot
$-
Average List Price
$423.55
$362.31
$503.22
Total SFH Sold
45
30
15
-
Total SFH for Sale at End of Period
57
18
36
3
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
3.8
1.8
7.2
-
97%
97%
97%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
11%
8%
-11%
0%
Average List Price per Square Foot
13%
23%
-6%
0%
Average Sold Price
16%
11%
-6%
0%
Average Sold Price per Square Foot
17%
26%
0%
0%
Total SFH Sold
11%
-3%
33%
0%
Total SFH for Sale at End of Period
-32%
-50%
-25%
0%
Average Monthly Supply of Inventory
-38%
-48%
-44%
0%
4%
2%
7%
0%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
28
HOLLYWOOD HILLS EAST
CONDOMINIUM SALES HOLLYWOOD HILLS EAST MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 19, more than 18 in August 2012 and 138% more than the 8 sales closed last month. This means August 2013 sales were greater than both last month and the same month prior year. The Average List Price for August 2013 was $1,192,105, compared to $945,306 for August 2012 and $1,089,000 for July 2013. That represents a 9% increase from last month. For JUN - AUG 2013, the Average List Price is 11% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $1,175,400, compared to the JUN - AUG 2013 Average Sales Price of $1,139,332. These results mean the Sale Price is trending up. Comparing August 2013 to last month saw a 7% increase in Average Sale Price, and a 26% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $416,317 $363.75
< $1M $416,317 $363.75
$1M - $3M $$-
> $3M $$-
Average Sold Price
$425,397
$425,397
$-
$-
Average Sold Price per Square Foot
$371.69
$371.69
$-
$-
Total Condos Sold
10
10
-
-
Total Condos for Sale at End of Period
6
-
-
-
1.8
-
-
-
102%
102%
0%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$331,125
$331,125
$-
$-
Average List Price per Square Foot
$276.07
$276.07
$-
$-
Average Sold Price
$330,683
$330,683
$-
$-
Average Sold Price per Square Foot
$275.70
$275.70
$-
$-
Total Condos Sold
12
12
-
-
Total Condos for Sale at End of Period
13
13
-
-
Average Monthly Supply of Inventory
3.3
3.3
-
-
100%
100%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
26%
26%
0%
0%
Average List Price per Square Foot
32%
32%
0%
0%
Average Sold Price
29%
29%
0%
0%
Average Sold Price per Square Foot
35%
35%
0%
0%
Total Condos Sold
-17%
-17%
0%
0%
Total Condos for Sale at End of Period
-54%
-100%
0%
0%
Average Monthly Supply of Inventory
-45%
-100%
0%
0%
2%
2%
0%
0%
Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
29
LOS FELIZ
SINGLE FAMILY HOME SALES Richly immersed with history dating back to the nineteenth century, Los Feliz is located just south of the Santa Monica Mountains and is adjacent to Hollywood.The area features the Griffith Observatory, the Greek Theatre, and the Los Angeles Zoo. Los Feliz homes offer a welcoming and cohesive community recognized for its chic sophistication. Historic and noted homes can be found throughout Los Feliz, which has an enclave of celebrity residents. Los Feliz is known for its grand Spanish estates, charming California bungalows and many original craftsman homes. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $1,182,192 $554.50
< $1M $719,274 $529.77
$1M - $3M $1,548,613 $545.50
> $3M $3,999,500 $837.24
Average Sold Price
$1,179,730
$722,968
$1,546,826
$3,837,500 $803.33
$553.34
$532.49
$544.88
Total SFH Sold
93
47
44
2
Total SFH for Sale at End of Period
41
13
21
7
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.3
0.8
1.4
10.5
100%
101%
100%
96%
ALL
< $1M
$1M - $3M
> $3M
$1,194,330
$671,400
$1,628,833
$7,500,000
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
$511.49
$420.49
$527.27
$916.42
$1,183,414
$680,048
$1,610,126
$7,050,000
$506.83
$426.29
$521.22
$861.44
Total SFH Sold
57
32
24
1
Total SFH for Sale at End of Period
60
26
25
9
Average Monthly Supply of Inventory
3.2
2.4
3.1
27.0
99%
101%
99%
94%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
-1%
7%
-5%
-47%
Average List Price per Square Foot
8%
26%
3%
-9%
Average Sold Price
0%
6%
-4%
-46%
Average Sold Price per Square Foot
9%
25%
5%
-7%
Total SFH Sold
63%
47%
83%
100%
Total SFH for Sale at End of Period
-32%
-50%
-16%
-22%
Average Monthly Supply of Inventory
-58%
-66%
-54%
-61%
1%
-1%
1%
2%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
30
LOS FELIZ
CONDOMINIUM SALES LOS FELIZ MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 31, more than 21 in August 2012 and 6% lower than the 33 sales closed last month. This means August 2013 sales were less than last month, but greater than same month prior year. The Average List Price for August 2013 was $1,080,339, compared to $1,173,381 for August 2012 and $1,250,864 for July 2013. That represents a 14% decrease from last month. For JUN - AUG 2013, the Average List Price is 1% lower than JUN - AUG 2012. Average Sales Price for August 2013 was $1,066,389, compared to the JUN - AUG 2013 Average Sales Price of $1,179,730. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 15% decrease in Average Sale Price, and a 8% decrease compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $406,611 $374.30
< $1M $406,611 $374.30
$1M - $3M $$-
> $3M $$-
Average Sold Price
$415,722
$415,722
$-
$-
Average Sold Price per Square Foot
$382.68
$382.68
$-
$-
Total Condos Sold
9
9
-
-
Total Condos for Sale at End of Period
3
-
-
-
1.0
-
-
-
102%
102%
0%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$494,971
$494,971
$-
$-
Average List Price per Square Foot
$342.24
$342.24
$-
$-
Average Sold Price
$491,057
$491,057
$-
$-
Average Sold Price per Square Foot
$339.53
$339.53
$-
$-
Total Condos Sold
7
7
-
-
Total Condos for Sale at End of Period
6
6
-
-
2.6
2.6
-
-
99%
99%
0%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
-18%
-18%
0%
0%
9%
9%
0%
0%
Average Sold Price
-15%
-15%
0%
0%
Average Sold Price per Square Foot
13%
13%
0%
0%
Total Condos Sold
29%
29%
0%
0%
Total Condos for Sale at End of Period
-50%
-100%
0%
0%
Average Monthly Supply of Inventory
-61%
-100%
0%
0%
3%
3%
0%
0%
Average List Price Average List Price per Square Foot
Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
31
MALIBU
SINGLE FAMILY HOME SALES Few names can evoke visions of beach living and casual elegance as readily as Malibu, California. Embracing nearly 27 miles of gorgeous California coastline, Malibu has long been home to some of the most influential people in the world.The terrain varies widely, and some of Malibu’s famous beaches and surf spots include Surfrider Beach, Zuma Beach and Le Carrillo Beach. Ocean-side dining, boutique shops and gorgeous beaches combine to create the unique lifestyle that exemplifies living in a Malibu home. Sotheby’s International Realty, Inc provides some breathtaking Malibu properties with oceanfront and spectacular beach views. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $2,633,687 $755.41
< $1M $885,900 $435.33
$1M - $3M $1,877,726 $642.83
> $3M $5,610,085 $960.90
Average Sold Price
$2,510,943
$882,000
$1,808,180
$5,280,119 $904.38
$720.36
$433.42
$619.59
Total SFH Sold
55
7
35
13
Total SFH for Sale at End of Period
182
11
75
96
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
9.9
4.7
6.4
22.2
95%
100%
96%
94%
ALL
< $1M
$1M - $3M
> $3M
$2,220,459
$879,530
$1,768,591
$4,555,500
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
$693.86
$428.20
$535.20
$1,106.62
$2,040,640
$822,700
$1,628,858
$4,164,500
$637.67
$400.54
$492.91
$1,011.64
Total SFH Sold
42
10
22
10
Total SFH for Sale at End of Period
168
12
90
66
Average Monthly Supply of Inventory
12.0
3.6
12.3
19.8
Average Sold Price/Original List Price Ratio
92%
94%
92%
91%
> $3M
Average Sold Price per Square Foot
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
Average List Price
19%
1%
6%
23%
Average List Price per Square Foot
9%
2%
20%
-13%
Average Sold Price
23%
7%
11%
27%
Average Sold Price per Square Foot
13%
8%
26%
-11%
Total SFH Sold
31%
-30%
59%
30%
Total SFH for Sale at End of Period Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
8%
-8%
-17%
45%
-17%
31%
-48%
12%
4%
6%
5%
3% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
32
MALIBU
CONDOMINIUM SALES MALIBU MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 14, more than 9 in August 2012 and 36% lower than the 22 sales closed last month. This means August 2013 sales were less than last month, but greater than same month prior year. The Average List Price for August 2013 was $1,962,450, compared to $1,853,556 for August 2012 and $2,690,391 for July 2013. That represents a 27% decrease from last month. For JUN - AUG 2013, the Average List Price is a strong 19% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $1,918,500, compared to the JUN - AUG 2013 Average Sales Price of $2,510,943. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 25% decrease in Average Sale Price, but a 13% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $777,415 $501.53
< $1M $640,140 $497.12
$1M - $3M $1,235,000 $509.35
> $3M $$-
Average Sold Price
$738,762
$613,140
$1,157,500
$-
Average Sold Price per Square Foot
$476.60
$476.15
$477.39
$-
Total Condos Sold
13
10
3
-
Total Condos for Sale at End of Period
19
-
-
-
Average Monthly Supply of Inventory
4.4
-
-
-
95%
96%
94%
0%
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$644,083
$644,083
$-
$-
Average List Price per Square Foot
$426.97
$426.97
$-
$-
Average Sold Price
$624,000
$624,000
$-
$-
Average Sold Price per Square Foot
$413.66
$413.66
$-
$-
Total Condos Sold
6
6
-
-
Total Condos for Sale at End of Period
27
16
11
-
Average Monthly Supply of Inventory
13.5
8.0
-
-
Average Sold Price/Original List Price Ratio
97%
97%
0%
0%
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
21%
-1%
0%
0%
Average List Price per Square Foot
17%
16%
0%
0%
Average Sold Price
18%
-2%
0%
0%
Average Sold Price per Square Foot
15%
15%
0%
0%
Total Condos Sold
117%
67%
0%
0%
Total Condos for Sale at End of Period
-30%
-100%
-100%
0%
Average Monthly Supply of Inventory
-68%
-100%
0%
0%
Average Sold Price/Original List Price Ratio
-2%
-1%
0%
0%
(Source: MLS/CLAW)
33
MALIBU BEACH
SINGLE FAMILY HOME SALES Where the majestic Pacific meets golden sands, Malibu Beach is conveniently located within short drives of Santa Monica, Beverly Hills and Los Angeles International Airport.The areaâ&#x20AC;&#x2122;s beachfront properties, vineyards and ranches are the destination for some of the most influential people, seeking a unique supply of Malibu Beach real estate. Malibu Beach offers the best of the best, from luxurious beachfront properties on the sand to extraordinary estates, mansions, vineyards, and ranches on the bluffs overlooking the Pacific Ocean and lining the hillsides with views of the Channel Islands offshore. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $5,906,667 $2,295.79
< $1M $$-
$1M - $3M $2,273,750 $1,240.73
> $3M $7,723,125 $2,495.41
Average Sold Price
$5,597,875
$-
$2,180,313
$7,306,656
Average Sold Price per Square Foot
$2,353.12
$2,161.51
$-
$1,148.82
Total SFH Sold
12
-
4
8
Total SFH for Sale at End of Period
69
-
8
61
Average Monthly Supply of Inventory
17.3
-
6.0
22.9
Average Sold Price/Original List Price Ratio
95%
0%
96%
95%
SFH JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
$5,214,077
$-
$2,357,800
$6,999,250
Average List Price per Square Foot
$1,840.26
$-
$1,590.23
$1,902.49
Average Sold Price
$4,782,212
$-
$2,140,000
$6,433,594
Average Sold Price per Square Foot
$1,752.92
Average List Price
$1,687.07
$-
$1,422.51
Total SFH Sold
13
-
5
8
Total SFH for Sale at End of Period
87
-
10
77
Average Monthly Supply of Inventory
20.1
-
6.0
28.9
Average Sold Price/Original List Price Ratio
92%
0%
91%
92%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
13%
0%
-4%
10%
Average List Price per Square Foot
25%
0%
-22%
31%
Average Sold Price
17%
0%
2%
14%
Average Sold Price per Square Foot
28%
0%
-19%
34%
Total SFH Sold
-8%
0%
-20%
0%
Total SFH for Sale at End of Period
-21%
0%
-20%
-21%
Average Monthly Supply of Inventory
-14%
0%
0%
-21%
3%
0%
6%
3%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
34
MALIBU BEACH
CONDOMINIUM SALES MALIBU BEACH MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 4, less than 5 in August 2012 and is equal to the 4 sales closed last month. This means August 2013 sales matched last month but were less than same month prior year. The Average List Price for August 2013 was $9,596,250, compared to $2,888,000 for August 2012 and $4,173,750 for July 2013. That represents a 130% increase from last month. For JUN - AUG 2013, the Average List Price is 13% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $9,137,063, compared to the JUN - AUG 2013 Average Sales Price of $5,597,875. These results mean the Sale Price is trending up. Comparing August 2013 to last month saw a 132% increase in Average Sale Price, and a 253% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $868,533 $865.94
< $1M $764,725 $821.95
$1M - $3M $1,699,000 $1,072.60
> $3M $$-
Average Sold Price
$831,222
$743,250
$1,535,000
$-
Average Sold Price per Square Foot
$828.74
$798.87
$969.07
$-
Total Condos Sold
9
8
1
-
Total Condos for Sale at End of Period
13
-
-
-
Average Monthly Supply of Inventory
4.3
-
-
-
96%
97%
90%
0%
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$913,375
$636,714
$2,850,000
$-
Average List Price per Square Foot
$870.40
$632.20
$2,118.96
$-
Average Sold Price
$833,125
$595,000
$2,500,000
$-
Average Sold Price per Square Foot
$-
$793.92
$590.78
$1,858.74
Total Condos Sold
8
7
1
-
Total Condos for Sale at End of Period
13
8
4
1
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
4.9
3.4
12.0
-
91%
93%
88%
0%
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
-5%
20%
-40%
0%
Average List Price per Square Foot
-1%
30%
-49%
0%
Average Sold Price
0%
25%
-39%
0%
Average Sold Price per Square Foot
4%
35%
-48%
0%
Total Condos Sold
13%
14%
0%
0%
Total Condos for Sale at End of Period Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
35
0%
-100%
-100%
-100%
-11%
-100%
-100%
0%
5%
4%
3%
0%
MARINA DEL REY
SINGLE FAMILY HOME SALES With its blue waters and gleaming boats, sitting in the worldâ&#x20AC;&#x2122;s largest manmade smallcraft harbor, Marina del Rey is an oasis of leisure and elegance in sunny Southern California. Offering relaxing and beautiful views of the Pacific, Marina del Rey is home to both estates and beach condominiums, and has access to boating, sailing, fishing and a variety of water sports. Marina Del Rey is conveniently located five miles from Los Angeles International Airport and just minutes from the San Diego and Marina freeways. Adjacent to Venice Beach and Santa Monica, Marina Del Rey is also close to major shopping malls, movie theaters, Hollywood, Beverly Hills and Downtown Los Angeles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $1,474,292 $559.59
< $1M $804,375 $457.68
$1M - $3M $1,809,250 $588.73
> $3M $$-
Average Sold Price
$1,444,708
$809,750
$1,762,188
$$-
$548.36
$460.74
$573.42
Total SFH Sold
12
4
8
-
Total SFH for Sale at End of Period
15
2
6
7
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
3.8
1.5
2.3
-
98%
101%
97%
0%
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
ALL
< $1M
$1M - $3M
> $3M
$1,372,841
$712,413
$1,959,889
$-
$503.97
$495.55
$506.75
$-
$1,301,235
$695,500
$1,839,667
$$-
$477.68
$483.78
$475.67
Total SFH Sold
17
8
9
-
Total SFH for Sale at End of Period
14
1
8
5
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.5
0.4
2.7
-
95%
98%
94%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
7%
13%
-8%
0%
Average List Price per Square Foot
11%
-8%
16%
0%
Average Sold Price
11%
16%
-4%
0%
Average Sold Price per Square Foot
15%
-5%
21%
0%
Total SFH Sold
-29%
-50%
-11%
0% 40%
Total SFH for Sale at End of Period
7%
100%
-25%
Average Monthly Supply of Inventory
52%
300%
-16%
0%
Average Sold Price/Original List Price Ratio
3%
3%
4%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
36
MARINA DEL REY
CONDOMINIUM SALES MARINA DEL REY MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 4, less than 8 in August 2012 and 33% lower than the 6 sales closed last month. This means August 2013 sales were lower than both last month and same month prior year. The Average List Price for August 2013 was $1,376,875, compared to $1,562,250 for August 2012 and $1,439,833 for July 2013. That represents a 4% decrease from last month. For JUN - AUG 2013, the Average List Price is 7% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $1,347,500, compared to the JUN - AUG 2013 Average Sales Price of $1,444,708. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 5% decrease in Average Sale Price, and a 7% decrease compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $894,872 $572.81
< $1M $673,800 $461.90
$1M - $3M $1,644,100 $854.39
> $3M $3,375,000 $1,084.86
Average Sold Price
$869,393
$664,497
$1,557,200
$3,300,000
Average Sold Price per Square Foot
$556.34
$455.49
$809.23
$1,060.75
Total Condos Sold
100
79
20
1
Total Condos for Sale at End of Period
102
-
-
-
Average Monthly Supply of Inventory
3.1
-
-
-
97%
99%
95%
98%
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$656,281
$584,309
$1,376,000
$-
Average List Price per Square Foot
$412.28
$371.88
$735.13
$-
Average Sold Price
$631,098
$564,208
$1,300,000
$-
Average Sold Price per Square Foot
$-
$396.80
$359.54
$694.53
Total Condos Sold
99
90
9
-
Total Condos for Sale at End of Period
96
62
32
2
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.9
2.1
10.7
-
96%
97%
94%
0%
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
36%
15%
19%
0%
Average List Price per Square Foot
39%
24%
16%
0%
Average Sold Price
38%
18%
20%
0%
Average Sold Price per Square Foot
40%
27%
17%
0%
Total Condos Sold
1%
-12%
122%
0%
Total Condos for Sale at End of Period
6%
-100%
-100%
-100%
Average Monthly Supply of Inventory
5%
-100%
-100%
0%
Average Sold Price/Original List Price Ratio
1%
2%
0%
0%
(Source: MLS/CLAW)
37
MID LOS ANGELES
SINGLE FAMILY HOME SALES Mid Los Angeles is a district in Los Angeles, California, known for its Spanish-style and traditional residences, as well as duplex properties. 2.5 miles south of Hollywood and 3.5 miles west of downtown Los Angeles, Mid Los Angeles contains Brookside, Crestview, Fremont Place, Lafayette Square, Little Ethiopia, Picfair Village and Victoria Park. Mid Los Angeles is a great neighborhood, centrally located, great commercial and recreational opportunities and close to all. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $427,097 $266.16
< $1M $399,124 $257.96
$1M - $3M $1,229,000 $378.04
> $3M $$-
Average Sold Price
$437,485
$409,781
$1,231,667
$-
Average Sold Price per Square Foot
$-
$272.63
$264.85
$378.86
Total SFH Sold
89
86
3
-
Total SFH for Sale at End of Period
93
85
8
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
3.1
3.0
8.0
-
102%
103%
100%
0%
SFH JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$328,366
$328,366
$-
$-
Average List Price per Square Foot
$209.55
$209.55
$-
$-
Average Sold Price
$326,752
$326,752
$-
$-
Average Sold Price per Square Foot
$-
$208.52
$208.52
$-
Total SFH Sold
108
108
-
-
Total SFH for Sale at End of Period
69
69
-
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.9
1.9
-
-
100%
100%
0%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
30%
22%
0%
0%
Average List Price per Square Foot
27%
23%
0%
0%
Average Sold Price
34%
25%
0%
0%
Average Sold Price per Square Foot
31%
27%
0%
0%
Total SFH Sold
-18%
-20%
0%
0% 0%
Total SFH for Sale at End of Period
35%
23%
0%
Average Monthly Supply of Inventory
64%
55%
0%
0%
Average Sold Price/Original List Price Ratio
3%
3%
0%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
38
MID LOS ANGELES
CONDOMINIUM SALES MID LOS ANGELES MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 33, less than 39 in August 2012 and 10% more than the 30 sales closed last month. This means August 2013 sales were greater than last month, but less then same month prior year. The Average List Price for August 2013 was $379,467, compared to $317,023 for August 2012 and $458,387 for July 2013. That represents a 17% decrease from last month. For JUN - AUG 2013, the Average List Price is a strong 30% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $386,015, compared to the JUN - AUG 2013 Average Sales Price of $437,485. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 19% decrease in Average Sale Price, but a 23% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $258,280 $299.63
< $1M $258,280 $299.63
$1M - $3M $$-
> $3M $$-
Average Sold Price
$255,800
$255,800
$-
$-
Average Sold Price per Square Foot
$296.75
$296.75
$-
$-
Total Condos Sold
5
5
-
-
Total Condos for Sale at End of Period
3
-
-
-
1.8
-
-
-
99%
99%
0%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$255,880
$255,880
$-
$-
Average List Price per Square Foot
$218.14
$218.14
$-
$-
Average Sold Price
$249,000
$249,000
$-
$-
Average Sold Price per Square Foot
$212.28
$212.28
$-
$-
Total Condos Sold
5
5
-
-
Total Condos for Sale at End of Period
7
7
-
-
4.2
4.2
-
-
97%
97%
0%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
1%
1%
0%
0%
Average List Price per Square Foot
37%
37%
0%
0%
Average Sold Price
3%
3%
0%
0%
Average Sold Price per Square Foot
40%
40%
0%
0%
Total Condos Sold
0%
0%
0%
0%
Total Condos for Sale at End of Period
-57%
-100%
0%
0%
Average Monthly Supply of Inventory
-57%
-100%
0%
0%
2%
2%
0%
0%
Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
39
MID WILSHIRE
SINGLE FAMILY HOME SALES Mid Wilshire, also known as Midtown, contains neighborhoods like Hancock Park, Windsor Square, Carthay Circle and Lafayette Square. Mid Wilshire offers some of Los Angeles’s most magnificent residential architecture, primarily in traditional city neighborhood settings. Mid Wilshire contains Little Ethiopia, Miracle Mile, Park La Brea, Park Mile and Wilshire Vista, all known for the area’s stunning residential architecture. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $472,250 $252.10
< $1M $472,250 $252.10
$1M - $3M $$-
> $3M $$-
Average Sold Price
$509,375
$509,375
$-
$-
Average Sold Price per Square Foot
$-
$271.92
$271.92
$-
Total SFH Sold
8
8
-
-
Total SFH for Sale at End of Period
18
15
3
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
6.8
5.6
-
-
108%
108%
0%
0%
SFH JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$386,188
$386,188
$-
$-
Average List Price per Square Foot
$209.22
$209.22
$-
$-
Average Sold Price
$395,853
$395,853
$-
$-
Average Sold Price per Square Foot
$-
$214.45
$214.45
$-
Total SFH Sold
17
17
-
-
Total SFH for Sale at End of Period
7
5
2
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.2
0.9
-
-
103%
103%
0%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
22%
22%
0%
0%
Average List Price per Square Foot
20%
20%
0%
0%
Average Sold Price
29%
29%
0%
0%
Average Sold Price per Square Foot
27%
27%
0%
0%
Total SFH Sold
-53%
-53%
0%
0%
Total SFH for Sale at End of Period
157%
200%
50%
0%
Average Monthly Supply of Inventory
446%
538%
0%
0%
5%
5%
0%
0%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
40
MID WILSHIRE
CONDOMINIUM SALES MID WILSHIRE MARKET OVERVIEW - AUGUST
August 2013 Condominium sales were 17, more than 11 in August 2012 and 26% lower than the 23 sales closed last month. This means August 2013 sales were less than last month, but greater than same month prior year. The Average List Price for August 2013 was $364,324, compared to $466,545 for August 2012 and $409,161 for July 2013. That represents a 11% decrease from last month. For JUN - AUG 2013, the Average List Price is a strong 18% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $361,059, compared to the JUN - AUG 2013 Average Sales Price of $427,903. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 12% decrease in Average Sale Price, and a 20% decrease compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $428,965 $373.14
< $1M $403,678 $360.13
$1M - $3M $1,845,000 $651.94
> $3M $$-
Average Sold Price
$427,903
$402,598
$1,845,000
$-
Average Sold Price per Square Foot
$372.57
$359.53
$651.94
$-
Total Condos Sold
57
56
1
-
Total Condos for Sale at End of Period
77
-
-
-
Average Monthly Supply of Inventory
4.1
-
-
-
100%
100%
100%
0%
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$363,641
$363,641
$-
$-
Average List Price per Square Foot
$318.34
$318.34
$-
$-
Average Sold Price
$356,984
$356,984
$-
$-
Average Sold Price per Square Foot
$312.51
$312.51
$-
$-
Total Condos Sold
50
50
-
-
Total Condos for Sale at End of Period
35
34
1
-
Average Monthly Supply of Inventory
2.1
2.0
-
-
98%
98%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
18%
11%
0%
0%
Average List Price per Square Foot
17%
13%
0%
0%
Average Sold Price
20%
13%
0%
0%
Average Sold Price per Square Foot
19%
15%
0%
0%
Total Condos Sold
14%
12%
0%
0%
Total Condos for Sale at End of Period
120%
-100%
-100%
0%
Average Monthly Supply of Inventory
93%
-100%
0%
0%
Average Sold Price/Original List Price Ratio
2%
2%
0%
0%
(Source: MLS/CLAW)
41
MOUNT WASHINGTON
SINGLE FAMILY HOME SALES
Founded in 1909, Mount Washington is located on the eastside of Los Angeles neighboring Glassell Park, Eagle Rock, Highland Park and Montecito Heights and its close proximity to both Pasadena and Downtown Los Angeles have made it popular for homebuyers. It is known for the many 1950s and 1960s modernist homes that can be found here. Recently the area has become a more affordable alternative to the more pricey Westside. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $592,115 $367.15
< $1M $561,412 $363.19
$1M - $3M $1,052,667 $402.24
> $3M $$-
Average Sold Price
$612,452
$582,838
$1,056,667
$-
Average Sold Price per Square Foot
$-
$379.76
$377.05
$403.77
Total SFH Sold
48
45
3
-
Total SFH for Sale at End of Period
31
28
3
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.9
1.9
3.0
-
103%
104%
100%
0%
SFH JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$483,769
$458,759
$1,059,000
$-
Average List Price per Square Foot
$312.95
$311.20
$331.25
$-
Average Sold Price
$495,165
$461,259
$1,275,000
$-
Average Sold Price per Square Foot
$-
$320.43
$312.92
$398.81
Total SFH Sold
48
46
2
-
Total SFH for Sale at End of Period
23
21
2
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.4
1.4
3.0
-
102%
101%
120%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
22%
22%
-1%
0%
Average List Price per Square Foot
17%
17%
21%
0%
Average Sold Price
24%
26%
-17%
0%
Average Sold Price per Square Foot
19%
20%
1%
0%
Total SFH Sold
0%
-2%
50%
0% 0%
Total SFH for Sale at End of Period
35%
33%
50%
Average Monthly Supply of Inventory
35%
36%
0%
0%
Average Sold Price/Original List Price Ratio
1%
3%
-17%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
42
MOUNT WASHINGTON
CONDOMINIUM SALES MOUNT WASHINGTON MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 21, more than 13 in August 2012 and 40% more than the 15 sales closed last month. This means August 2013 sales were greater than both last month and the same month prior year. The Average List Price for August 2013 was $563,179, compared to $470,000 for August 2012 and $619,593 for July 2013. That represents a 9% decrease from last month. For JUN - AUG 2013, the Average List Price is a strong 22% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $580,652, compared to the JUN - AUG 2013 Average Sales Price of $612,452. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 10% decrease in Average Sale Price, but a 23% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013
ALL $$-
< $1M $$-
$1M - $3M $$-
> $3M $$-
Average Sold Price
$-
$-
$-
$-
Average Sold Price per Square Foot
$-
$-
$-
$-
Total Condos Sold
-
-
-
-
Total Condos for Sale at End of Period
-
-
-
-
Average Monthly Supply of Inventory
-
-
-
-
0%
0%
0%
0%
Average List Price Average List Price per Square Foot
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$223,300
$223,300
$-
$-
Average List Price per Square Foot
$226.93
$226.93
$-
$-
Average Sold Price
$217,967
$217,967
$-
$-
Average Sold Price per Square Foot
$221.51
$221.51
$-
$-
Total Condos Sold
3
3
-
-
Total Condos for Sale at End of Period
-
-
-
-
Average Monthly Supply of Inventory
-
-
-
-
98%
98%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
-100%
-100%
0%
0%
Average List Price per Square Foot
-100%
-100%
0%
0%
Average Sold Price
-100%
-100%
0%
0%
Average Sold Price per Square Foot
-100%
-100%
0%
0%
Total Condos Sold
-100%
-100%
0%
0%
Total Condos for Sale at End of Period
0%
0%
0%
0%
Average Monthly Supply of Inventory
0%
0%
0%
0%
-100%
-100%
0%
0%
Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
43
PACIFIC PALISADES
SINGLE FAMILY HOME SALES Among Los Angelesâ&#x20AC;&#x2122; most desired neighborhoods, Pacific Palisades sits against a stunning backdrop with views of the Santa Monica mountains, the Pacific Coast, and several canyons that run between them. Pacific Palisades is home to the wellknown J. Paul Getty Villa museum and beautiful parks offering sporting activities and breathtaking views including Topanga Canyon State Park,Will Rogers State Historic Park and Polo Club, and Rustin Canyon Park, as well as community events such as the annual parade and fireworks display. Pacific Palisades offers sophisticated traditional estates, dramatic architectural residences, custom-built properties and inviting homes close to Palisades Village. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $2,930,407 $856.06
< $1M $$-
$1M - $3M $2,047,270 $733.28
> $3M $6,205,375 $1,075.54
Average Sold Price
$2,837,380
$-
$2,019,720
$5,869,536 $1,012.07
$826.77
$-
$723.11
Total SFH Sold
113
-
89
24
Total SFH for Sale at End of Period
62
-
26
36
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.6
-
0.9
4.5
97%
0%
99%
95%
ALL
< $1M
$1M - $3M
> $3M
$2,370,942
$922,571
$1,837,934
$4,643,842
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
$745.89
$687.61
$676.16
$869.06
$2,332,858
$913,000
$1,819,712
$4,530,438
$734.65
$680.47
$669.97
$848.92
Total SFH Sold
88
7
62
19
Total SFH for Sale at End of Period
89
-
45
44
Average Monthly Supply of Inventory
3.0
-
2.2
6.9
98%
99%
99%
98%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
24%
-100%
11%
34%
Average List Price per Square Foot
15%
-100%
8%
24%
Average Sold Price
22%
-100%
11%
30%
Average Sold Price per Square Foot
13%
-100%
8%
19%
Total SFH Sold
28%
-100%
44%
26%
Total SFH for Sale at End of Period
-30%
0%
-42%
-18%
Average Monthly Supply of Inventory
-46%
0%
-60%
-35%
Average Sold Price/Original List Price Ratio
-2%
-100%
0%
-3% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
44
PACIFIC PALISADES
CONDOMINIUM SALES PACIFIC PALISADES MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 40, more than 27 in August 2012 and 8% more than the 37 sales closed last month. This means August 2013 sales were greater than both last month and the same month prior year. The Average List Price for August 2013 was $2,769,900, compared to $2,457,481 for August 2012 and $2,291,270 for July 2013. That represents a 21% increase from last month. For JUN - AUG 2013, the Average List Price is a strong 24% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $2,674,638, compared to the JUN - AUG 2013 Average Sales Price of $2,837,380. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 16% increase in Average Sale Price, and a 11% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $949,951 $553.44
< $1M $741,679 $454.77
$1M - $3M $1,412,778 $741.01
> $3M $$-
Average Sold Price
$948,762
$740,454
$1,411,667
$-
Average Sold Price per Square Foot
$552.75
$454.02
$740.43
$-
Total Condos Sold
29
20
9
-
Total Condos for Sale at End of Period
17
-
-
-
Average Monthly Supply of Inventory
1.8
-
-
-
100%
100%
100%
0%
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$602,499
$562,352
$1,285,000
$-
Average List Price per Square Foot
$446.66
$435.10
$556.76
$-
Average Sold Price
$571,971
$535,029
$1,200,000
$-
Average Sold Price per Square Foot
$424.03
$413.96
$519.93
$-
Total Condos Sold
18
17
1
-
Total Condos for Sale at End of Period
14
8
6
-
Average Monthly Supply of Inventory
2.3
1.4
18.0
-
95%
95%
93%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
58%
32%
10%
0%
Average List Price per Square Foot
24%
5%
33%
0%
Average Sold Price
66%
38%
18%
0%
Average Sold Price per Square Foot
30%
10%
42%
0%
Total Condos Sold
61%
18%
800%
0%
Total Condos for Sale at End of Period
21%
-100%
-100%
0%
Average Monthly Supply of Inventory
-25%
-100%
-100%
0%
5%
5%
7%
0%
Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
45
PALMS - MAR VISTA
SINGLE FAMILY HOME SALES Adjacent to Culver City and minutes from the ocean and UCLA is the community of Palms – Mar Vista. Named after its magnificent views of the ocean along its hilly border near Santa Monica, Palms – Mar Vista is one of the oldest communities in Los Angeles and one of the least dense in all of West Los Angeles. Palms – Mar Vista is full of homes built during the 1920s and 1930s as well as an abundance of wonderfully preserved mid-century modern architecture.Those seeking 1920s homes, 1930s homes and mid-century modern architecture can also enjoy the area’s Mar Vista Park, covering an entire city block with a new recreation center and roller hockey rink. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $960,153 $559.05
< $1M $763,938 $561.71
$1M - $3M $1,346,636 $556.03
> $3M $$-
Average Sold Price
$983,619
$784,974
$1,374,891
$-
Average Sold Price per Square Foot
$-
$572.29
$576.31
$567.73
Total SFH Sold
98
65
33
-
Total SFH for Sale at End of Period
49
25
24
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.5
1.2
2.2
-
102%
103%
102%
0%
SFH JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$829,580
$687,174
$1,244,929
$-
Average List Price per Square Foot
$487.53
$481.91
$496.73
$-
Average Sold Price
$842,354
$691,872
$1,281,260
$-
Average Sold Price per Square Foot
$-
$496.73
$487.07
$512.53
Total SFH Sold
94
70
24
-
Total SFH for Sale at End of Period
42
28
14
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.3
1.2
1.8
-
102%
101%
103%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
16%
11%
8%
0%
Average List Price per Square Foot
15%
17%
12%
0%
Average Sold Price
17%
13%
7%
0%
Average Sold Price per Square Foot
15%
18%
11%
0%
Total SFH Sold
4%
-7%
38%
0% 0%
Total SFH for Sale at End of Period
17%
-11%
71%
Average Monthly Supply of Inventory
12%
-4%
25%
0%
Average Sold Price/Original List Price Ratio
1%
2%
-1%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
46
PALMS - MAR VISTA
CONDOMINIUM SALES PALMS - MAR VISTA MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 37, more than 27 in August 2012 and 19% more than the 31 sales closed last month. This means August 2013 sales were greater than both last month and the same month prior year. The Average List Price for August 2013 was $963,756, compared to $789,574 for August 2012 and $983,142 for July 2013. That represents a 2% decrease from last month. For JUN - AUG 2013, the Average List Price is a strong 16% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $989,233, compared to the JUN - AUG 2013 Average Sales Price of $983,619. These results mean the Sale Price is trending up. Comparing August 2013 to last month saw a 2% decrease in Average Sale Price, but a 24% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $459,053 $411.80
< $1M $459,053 $411.80
$1M - $3M $$-
> $3M $$-
Average Sold Price
$471,929
$471,929
$-
$-
Average Sold Price per Square Foot
$423.36
$423.36
$-
$-
Total Condos Sold
34
34
-
-
Total Condos for Sale at End of Period
21
-
-
-
Average Monthly Supply of Inventory
1.9
-
-
-
103%
103%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$375,290
$375,290
$-
$-
Average List Price per Square Foot
$315.91
$315.91
$-
$-
Average Sold Price
$375,023
$375,023
$-
$-
Average Sold Price per Square Foot
$315.69
$315.69
$-
$-
Total Condos Sold
39
39
-
-
Total Condos for Sale at End of Period
20
20
-
-
Average Monthly Supply of Inventory
1.5
1.5
-
-
100%
100%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
22%
22%
0%
0%
Average List Price per Square Foot
30%
30%
0%
0%
Average Sold Price
26%
26%
0%
0%
Average Sold Price per Square Foot
34%
34%
0%
0%
Total Condos Sold
-13%
-13%
0%
0%
Total Condos for Sale at End of Period
5%
-100%
0%
0%
Average Monthly Supply of Inventory
20%
-100%
0%
0%
Average Sold Price/Original List Price Ratio
3%
3%
0%
0%
(Source: MLS/CLAW)
47
PLAYA DEL REY
SINGLE FAMILY HOME SALES Playa Del Rey is a bedroom community along the beach, south and adjacent to the Marina Del Rey harbor channel. Its early history dates back to a land grant in 1839 from the Mexican governor.Today Playa Del Rey real estate includes a mix of 1920’s homes, beach cottages from the 1940’s and multi-million dollar elegant new houses. Only 10 minutes from Los Angeles International Airport, Playa Del Rey also is home to Dockweiler Beach Park, a popular short term camping area for recreational vehicles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $1,194,455 $484.64
< $1M $841,750 $518.48
$1M - $3M $1,396,000 $473.98
> $3M $$-
Average Sold Price
$1,174,318
$820,000
$1,376,786
$$-
$476.47
$505.08
$467.45
Total SFH Sold
11
4
7
-
Total SFH for Sale at End of Period
15
1
12
2
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
4.1
0.8
5.1
-
98%
97%
99%
0%
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
ALL
< $1M
$1M - $3M
> $3M
$1,084,972
$809,792
$1,635,333
$-
$446.73
$381.99
$536.82
$-
$1,070,000
$821,750
$1,566,500
$$-
$440.56
$387.63
$514.22
Total SFH Sold
18
12
6
-
Total SFH for Sale at End of Period
9
2
4
3
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.5
0.5
2.0
-
99%
101%
96%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
10%
4%
-15%
0%
Average List Price per Square Foot
8%
36%
-12%
0%
Average Sold Price
10%
0%
-12%
0%
8%
30%
-9%
0%
-39%
-67%
17%
0%
Total SFH for Sale at End of Period
67%
-50%
200%
-33%
Average Monthly Supply of Inventory
173%
50%
157%
0%
0%
-4%
3%
0%
Average Sold Price per Square Foot Total SFH Sold
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
48
PLAYA DEL REY
CONDOMINIUM SALES PLAYA DEL REY MARKET OVERVIEW - AUGUST
August 2013 Condominium sales were 18, more than 17 in August 2012 and 64% more than the 11 sales closed last month. This means August 2013 sales were greater than both last month and the same month prior year. The Average List Price for August 2013 was $424,383, compared to $437,159 for August 2012 and $453,909 for July 2013. That represents a 7% decrease from last month. For JUN - AUG 2013, the Average List Price is 9% lower than JUN - AUG 2012. Average Sales Price for August 2013 was $436,994, compared to the JUN - AUG 2013 Average Sales Price of $442,925. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 5% decrease in Average Sale Price, but a 2% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $431,577 $386.69
< $1M $431,577 $386.69
$1M - $3M $$-
> $3M $$-
Average Sold Price
$442,925
$442,925
$-
$-
Average Sold Price per Square Foot
$396.85
$396.85
$-
$-
Total Condos Sold
44
44
-
-
Total Condos for Sale at End of Period
23
-
-
-
Average Monthly Supply of Inventory
1.6
-
-
-
103%
103%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$472,253
$350,625
$1,469,600
$-
Average List Price per Square Foot
$395.15
$323.75
$694.98
$-
Average Sold Price
$458,835
$344,107
$1,399,600
$-
Average Sold Price per Square Foot
$383.92
$317.74
$661.87
$-
Total Condos Sold
46
41
5
-
Total Condos for Sale at End of Period
13
12
1
-
Average Monthly Supply of Inventory
0.8
0.9
0.6
-
97%
98%
95%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
-9%
23%
-100%
0%
Average List Price per Square Foot
-2%
19%
-100%
0%
Average Sold Price
-3%
29%
-100%
0%
Average Sold Price per Square Foot
3%
25%
-100%
0%
Total Condos Sold
-4%
7%
-100%
0%
Total Condos for Sale at End of Period
77%
-100%
-100%
0%
Average Monthly Supply of Inventory
85%
-100%
-100%
0%
Average Sold Price/Original List Price Ratio
6%
5%
-100%
0%
(Source: MLS/CLAW)
49
PLAYA VISTA
SINGLE FAMILY HOME SALES Playa Vista, bordered by Marina Del Rey, Loyola Marymount University and Westchester, was recognized in1998 as one of the most technologically advanced communities ever planned and has led the nation as an early model for sustainable development.With a range of properties from luxury to affordable, Playa Vista features an array of parks, recreational amenities and a wildlife preserve. Playa Vista is a fully connected community with complete broadband and telecommunications capabilities and is home to gaming giants Electronic Arts and the architectural firm of Frank Gehry.The area features a mix of luxury and affordable housing, office and commercial space.
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $1,340,500 $408.07
< $1M $$-
$1M - $3M $1,340,500 $408.07
> $3M $$-
Average Sold Price
$1,332,750
$-
$1,332,750
$$-
$405.71
$-
$405.71
Total SFH Sold
4
-
4
-
Total SFH for Sale at End of Period
3
-
3
-
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.3
-
2.3
-
99%
0%
99%
0%
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
ALL
< $1M
$1M - $3M
> $3M
$1,296,000
$939,000
$1,415,000
$-
$384.57
$395.20
$382.29
$-
$1,197,875
$881,500
$1,303,333
$$-
$355.45
$371.00
$352.13
Total SFH Sold
4
1
3
-
Total SFH for Sale at End of Period
2
-
2
-
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.5
-
2.0
-
92%
94%
92%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
3%
-100%
-5%
0%
Average List Price per Square Foot
6%
-100%
7%
0%
Average Sold Price
11%
-100%
2%
0%
Average Sold Price per Square Foot
14%
-100%
15%
0%
Total SFH Sold
0%
-100%
33%
0% 0%
Total SFH for Sale at End of Period
50%
0%
50%
Average Monthly Supply of Inventory
50%
0%
13%
0%
Average Sold Price/Original List Price Ratio
8%
-100%
8%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
50
PLAYA VISTA
CONDOMINIUM SALES PLAYA VISTA MARKET OVERVIEW - AUGUST
August 2013 Condominium sales were 23, more than 14 in August 2012 and 77% more than the 13 sales closed last month. This means August 2013 sales were greater than both last month and the same month prior year. The Average List Price for August 2013 was $649,630, compared to $477,214 for August 2012 and $691,808 for July 2013. That represents a 6% decrease from last month. For JUN - AUG 2013, the Average List Price is a strong 26% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $652,200, compared to the JUN - AUG 2013 Average Sales Price of $669,820. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 7% decrease in Average Sale Price, but a 37% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $663,302 $409.66
< $1M $642,955 $415.45
$1M - $3M $1,202,500 $343.08
> $3M $$-
Average Sold Price
$669,820
$649,058
$1,220,000
$-
Average Sold Price per Square Foot
$414.08
$419.81
$348.07
$-
Total Condos Sold
55
53
2
-
Total Condos for Sale at End of Period
21
-
-
-
Average Monthly Supply of Inventory
1.1
-
-
-
101%
101%
101%
0%
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$527,625
$494,461
$1,207,495
$-
Average List Price per Square Foot
$351.53
$350.46
$360.82
$-
Average Sold Price
$521,945
$489,723
$1,182,500
$-
Average Sold Price per Square Foot
$347.75
$347.10
$353.35
$-
Total Condos Sold
43
41
2
-
Total Condos for Sale at End of Period
14
13
1
-
Average Monthly Supply of Inventory
1.0
1.0
1.5
-
99%
99%
98%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
26%
30%
0%
0%
Average List Price per Square Foot
17%
19%
-5%
0%
Average Sold Price
28%
33%
3%
0%
Average Sold Price per Square Foot
19%
21%
-1%
0%
Total Condos Sold
28%
29%
0%
0%
Total Condos for Sale at End of Period
50%
-100%
-100%
0%
Average Monthly Supply of Inventory
17%
-100%
-100%
0%
Average Sold Price/Original List Price Ratio
2%
2%
4%
0%
(Source: MLS/CLAW)
51
SANTA MONICA
SINGLE FAMILY HOME SALES Santa Monica offers more than simply a home.There are fishing and yacht clubs and exquisite fine dining right in your own backyard. Santa Monica is located on the Westside of Los Angeles and is comprised of 8.3 square miles of vibrant commercial districts, neighboring residential communities and a terrific public school system. Centered on three miles of wide, white, sandy beaches, Santa Monica has become a popular international destination, with many attractions such as The Santa Monica pier, Third Street Promenade, Main Street, and the ultra chic Montana Avenue. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $2,550,278 $971.80
< $1M $869,000 $886.73
$1M - $3M $1,727,038 $865.44
> $3M $4,508,375 $1,092.89
Average Sold Price
$2,587,534
$864,500
$1,802,097
$4,465,625 $1,083.84
$986.45
$882.14
$901.62
Total SFH Sold
79
2
53
24
Total SFH for Sale at End of Period
47
6
23
18
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.8
9.0
1.3
2.3
101%
99%
104%
99%
ALL
< $1M
$1M - $3M
> $3M
$2,200,969
$845,306
$1,791,083
$4,630,733
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
$799.62
$803.56
$743.27
$878.38
$2,182,782
$835,438
$1,791,594
$4,558,800
$797.05
$793.43
$744.12
$872.91
Total SFH Sold
67
16
36
15
Total SFH for Sale at End of Period
58
8
29
21
Average Monthly Supply of Inventory
2.6
1.5
2.4
4.2
99%
99%
100%
98%
> $3M
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
Average List Price
16%
3%
-4%
-3%
Average List Price per Square Foot
22%
10%
16%
24%
Average Sold Price
19%
3%
1%
-2%
Average Sold Price per Square Foot
24%
11%
21%
24%
Total SFH Sold
18%
-88%
47%
60%
Total SFH for Sale at End of Period
-19%
-25%
-21%
-14%
Average Monthly Supply of Inventory
-31%
500%
-46%
-46%
2%
1%
4%
1%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
52
SANTA MONICA
CONDOMINIUM SALES SANTA MONICA MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 28, more than 22 in August 2012 and 8% more than the 26 sales closed last month. This means August 2013 sales were greater than both last month and the same month prior year. The Average List Price for August 2013 was $2,275,857, compared to $2,213,091 for August 2012 and $2,941,385 for July 2013. That represents a 23% decrease from last month. For JUN - AUG 2013, the Average List Price is a strong 16% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $2,311,038, compared to the JUN - AUG 2013 Average Sales Price of $2,587,534. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 23% decrease in Average Sale Price, but a 4% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $902,229 $629.45
< $1M $682,217 $541.60
$1M - $3M $1,368,500 $793.44
> $3M $4,295,000 $-
Average Sold Price
$932,996
$708,254
$1,412,750
$4,295,000
Average Sold Price per Square Foot
$652.45
$563.19
$819.10
$-
Total Condos Sold
110
79
30
1
Total Condos for Sale at End of Period
62
-
-
-
Average Monthly Supply of Inventory
1.7
-
-
-
103%
104%
103%
100%
ALL
< $1M
$1M - $3M
> $3M
$789,981
$600,388
$1,349,394
$2,995,000
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012 Average List Price Average List Price per Square Foot
$565.18
$491.41
$727.88
$988.78
Average Sold Price
$781,091
$593,092
$1,328,757
$3,200,000
Average Sold Price per Square Foot
$559.07
$485.81
$715.93
$1,056.45
Total Condos Sold
143
109
33
1
Total Condos for Sale at End of Period
87
59
25
3
Average Monthly Supply of Inventory
1.8
1.6
2.3
9.0
99%
99%
98%
107%
> $3M
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
Average List Price
14%
14%
1%
43%
Average List Price per Square Foot
11%
10%
9%
-100%
Average Sold Price
19%
19%
6%
34%
Average Sold Price per Square Foot
17%
16%
14%
-100%
Total Condos Sold
-23%
-28%
-9%
0%
Total Condos for Sale at End of Period
-29%
-100%
-100%
-100%
Average Monthly Supply of Inventory
-7%
-100%
-100%
-100%
Average Sold Price/Original List Price Ratio
5%
5%
5%
-6%
(Source: MLS/CLAW)
53
SILVERLAKE - ECHO PARK
SINGLE FAMILY HOME SALES
The hilly neighborhood of Silverlake can be found east of Hollywood and northwest of Downtown Los Angeles. Silverlake is the home of its namesake reservoir and its reputable music scene.The community is both socioeconomically and ethnically diverse bringing it tremendous character. Echo Park is one of Los Angeles’ most long-established neighborhoods, finding its origin in the late 1880’s. Its rolling hills and steep bluffs enrich this prime location featuring Craftsman-style homes, Spanish-style bungalows, and modern architecture.This Eastside enclave is the home to the annual Lotus Festival, the Cuban Festival, and historic Filipinotown as well as many famous residents. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $694,110 $500.54
< $1M $621,446 $480.90
$1M - $3M $1,249,000 $591.03
> $3M $$-
Average Sold Price
$717,354
$646,317
$1,259,818
$-
Average Sold Price per Square Foot
$-
$517.18
$500.03
$596.15
Total SFH Sold
95
84
11
-
Total SFH for Sale at End of Period
56
47
9
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.8
1.7
2.5
-
103%
104%
101%
0%
SFH JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$668,006
$595,869
$1,389,375
$-
Average List Price per Square Foot
$398.56
$375.50
$528.18
$-
Average Sold Price
$667,282
$594,948
$1,390,625
$-
Average Sold Price per Square Foot
$-
$397.40
$374.04
$528.65
Total SFH Sold
88
80
8
-
Total SFH for Sale at End of Period
42
37
5
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.4
1.4
1.9
-
100%
100%
100%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
4%
4%
-10%
0%
Average List Price per Square Foot
26%
28%
12%
0%
Average Sold Price
8%
9%
-9%
0%
Average Sold Price per Square Foot
30%
34%
13%
0%
Total SFH Sold
8%
5%
38%
0% 0%
Total SFH for Sale at End of Period
33%
27%
80%
Average Monthly Supply of Inventory
24%
21%
31%
0%
Average Sold Price/Original List Price Ratio
3%
4%
1%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
54
SILVERLAKE - ECHO PARK
CONDOMINIUM SALES SILVERLAKE - ECHO PARK MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 34, more than 24 in August 2012 and 17% more than the 29 sales closed last month. This means August 2013 sales were greater than both last month and the same month prior year. The Average List Price for August 2013 was $715,791, compared to $663,392 for August 2012 and $653,507 for July 2013. That represents a 10% increase from last month. For JUN AUG 2013, the Average List Price is 4% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $723,929, compared to the JUN - AUG 2013 Average Sales Price of $717,354. These results mean the Sale Price is trending up. Comparing August 2013 to last month saw a 7% increase in Average Sale Price, and a 10% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $444,294 $377.88
< $1M $444,294 $377.88
$1M - $3M $$-
> $3M $$-
Average Sold Price
$439,506
$439,506
$-
$-
Average Sold Price per Square Foot
$373.81
$373.81
$-
$-
Total Condos Sold
16
16
-
-
Total Condos for Sale at End of Period
8
-
-
-
1.5
-
-
-
99%
99%
0%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$361,525
$361,525
$-
$-
Average List Price per Square Foot
$290.01
$290.01
$-
$-
Average Sold Price
$358,667
$358,667
$-
$-
Average Sold Price per Square Foot
$289.62
$289.62
$-
$-
Total Condos Sold
12
12
-
-
Total Condos for Sale at End of Period
8
8
-
-
2.0
2.0
-
-
99%
99%
0%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
23%
23%
0%
0%
Average List Price per Square Foot
30%
30%
0%
0%
Average Sold Price
23%
23%
0%
0%
Average Sold Price per Square Foot
29%
29%
0%
0%
Total Condos Sold
33%
33%
0%
0%
Total Condos for Sale at End of Period Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
55
0%
-100%
0%
0%
-25%
-100%
0%
0%
0%
0%
0%
0%
SUNSET STRIP - HOLLYWOOD HILLS
SINGLE FAMILY HOME SALES
The Sunset Strip is the world famous stretch of Sunset Boulevard in West Hollwood that stretches from Hollywood to Beverly Hills.The Strip, which includes Sunset Plaza, is known for its famous collection of shops and boutiques, cafes and restaurants, rock joints, and night clubs. It is easily idenifiable with its colorful collection of billboards and is located at the base of the Hollywood Hills and is just below the famed “Bird Streets” – from Blue Jay,Tanager and Thrush Ways to Nightingale, and Kinglet Drives - a favorite area of A-List celebrities from Hollywood stars to the most well known international music acts to call home. Many celebrities enjoy the amazing cities views they get perched among the hills. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $1,822,269 $658.60
< $1M $788,666 $522.66
$1M - $3M $1,748,795 $622.16
> $3M $4,662,813 $893.70
Average Sold Price
$1,770,918
$794,881
$1,724,735
$4,331,469 $835.60
$643.71
$527.39
$615.18
Total SFH Sold
138
38
84
16
Total SFH for Sale at End of Period
184
19
106
59
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
4.0
1.5
3.8
11.1
97%
101%
99%
93%
ALL
< $1M
$1M - $3M
> $3M
$1,901,019
$733,399
$1,731,150
$5,264,316
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
$629.43
$423.02
$568.03
$967.11
$1,773,167
$721,086
$1,649,332
$4,711,368
$585.78
$416.69
$540.89
$851.07
Total SFH Sold
125
46
60
19
Total SFH for Sale at End of Period
184
29
91
64
Average Monthly Supply of Inventory
4.4
1.9
4.6
10.1
93%
98%
95%
89%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
-4%
8%
1%
-11%
Average List Price per Square Foot
5%
24%
10%
-8%
Average Sold Price
0%
10%
5%
-8%
Average Sold Price per Square Foot
10%
27%
14%
-2%
Total SFH Sold
10%
-17%
40%
-16% -8%
Total SFH for Sale at End of Period
0%
-34%
16%
Average Monthly Supply of Inventory
-9%
-21%
-17%
9%
Average Sold Price/Original List Price Ratio
4%
3%
4%
4% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
56
CONDOMINIUM SALES
SUNSET STRIP - HOLLYWOOD HILLS
SUNSET STRIP - HOLLYWOOD HILLS MARKET OVERVIEW - AUGUST August 2013 Single Family Home sales were 49, more than 45 in August 2012 and 40% more than the 35 sales closed last month. This means August 2013 sales were greater than both last month and the same month prior year. The Average List Price for August 2013 was $1,856,233, compared to $1,952,882 for August 2012 and $1,646,994 for July 2013. That represents a 13% increase from last month. For JUN - AUG 2013, the Average List Price is 4% lower than JUN - AUG 2012. Average Sales Price for August 2013 was $1,754,714, compared to the JUN - AUG 2013 Average Sales Price of $1,770,918. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 7% increase in Average Sale Price, but a 1% decrease compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $483,421 $418.66
< $1M $483,421 $418.66
$1M - $3M $$-
> $3M $$-
Average Sold Price
$485,653
$485,653
$-
$-
Average Sold Price per Square Foot
$420.59
$420.59
$-
$-
Total Condos Sold
19
19
-
-
Total Condos for Sale at End of Period
22
-
-
-
Average Monthly Supply of Inventory
3.5
-
-
-
100%
100%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$486,238
$380,600
$2,599,000
$-
Average List Price per Square Foot
$394.38
$311.33
$1,237.03
$-
Average Sold Price
$478,511
$371,937
$2,610,000
$-
Average Sold Price per Square Foot
$-
$389.59
$305.55
$1,242.27
Total Condos Sold
21
20
1
-
Total Condos for Sale at End of Period
22
12
7
3
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
3.1
1.8
21.0
-
98%
98%
100%
0%
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
-1%
27%
-100%
0%
Average List Price per Square Foot
6%
34%
-100%
0%
Average Sold Price
1%
31%
-100%
0%
Average Sold Price per Square Foot
8%
38%
-100%
0%
-10%
-5%
-100%
0%
Total Condos for Sale at End of Period
0%
-100%
-100%
-100%
Average Monthly Supply of Inventory
11%
-100%
-100%
0%
Average Sold Price/Original List Price Ratio
2%
3%
-100%
0%
Total Condos Sold
(Source: MLS/CLAW)
57
VENICE
SINGLE FAMILY HOME SALES Venice is a beachfront district on the Westside of Los Angeles, California, known for its bungalows, cottages, condos and oceanfront properties. A short walk from some of the finest and trendiest beachside restaurants and bars in Los Angeles,Venice offers surfing, kayaking, boating, biking, boogie boarding and outdoor summer concerts.The famous Venice Beach Strip and Muscle Beach are a short walk away.With its variety of bungalows, cottages, condos and oceanfront listings,Venice is an ideal retreat for family, friends or couples, for work or play, and is one of Los Angelesâ&#x20AC;&#x2122;s most sought-after neighborhoods. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $1,555,459 $846.34
< $1M $894,292 $771.66
$1M - $3M $1,559,549 $855.21
> $3M $4,133,333 $864.41
Average Sold Price
$1,540,128
$895,292
$1,547,467
$3,999,600 $836.44
$838.42
$772.52
$849.18
Total SFH Sold
64
12
49
3
Total SFH for Sale at End of Period
43
5
33
5
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.0
1.3
2.0
5.0
99%
100%
99%
97%
ALL
< $1M
$1M - $3M
> $3M
$1,301,079
$799,997
$1,591,311
$5,595,000
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
$696.63
$638.39
$733.42
$583.12
$1,272,349
$799,633
$1,554,884
$5,000,000
$682.02
$643.45
$716.63
$521.10
Total SFH Sold
68
30
37
1
Total SFH for Sale at End of Period
41
12
26
3
Average Monthly Supply of Inventory
1.8
1.2
2.1
9.0
98%
100%
98%
89%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
20%
12%
-2%
-26%
Average List Price per Square Foot
21%
21%
17%
48%
Average Sold Price
21%
12%
0%
-20%
Average Sold Price per Square Foot
23%
20%
18%
61%
Total SFH Sold
-6%
-60%
32%
200%
Total SFH for Sale at End of Period
5%
-58%
27%
67%
Average Monthly Supply of Inventory
11%
4%
-4%
-44%
Average Sold Price/Original List Price Ratio
1%
0%
2%
8% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
58
VENICE
CONDOMINIUM SALES VENICE MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 23, less than 29 in August 2012 and 10% more than the 21 sales closed last month. This means August 2013 sales were greater than last month, but less then same month prior year. The Average List Price for August 2013 was $1,574,522, compared to $1,379,707 for August 2012 and $1,460,352 for July 2013. That represents a 8% increase from last month. For JUN - AUG 2013, the Average List Price is a strong 20% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $1,578,974, compared to the JUN - AUG 2013 Average Sales Price of $1,540,128. These results mean the Sale Price is trending up. Comparing August 2013 to last month saw a 10% increase in Average Sale Price, and a 17% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $1,321,389 $689.88
< $1M $881,167 $605.89
$1M - $3M $1,304,364 $631.46
> $3M $4,150,000 $1,370.09
Average Sold Price
$1,304,000
$860,333
$1,287,273
$4,150,000
$680.80
$591.57
$623.18
$1,370.09
Total Condos Sold
18
6
11
1
Total Condos for Sale at End of Period
13
-
-
-
Average Monthly Supply of Inventory
2.2
-
-
-
99%
98%
99%
100%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$746,725
$619,967
$1,127,000
$-
Average List Price per Square Foot
$556.84
$562.50
$547.75
$-
Average Sold Price
$728,850
$603,717
$1,104,250
$-
Average Sold Price per Square Foot
$543.51
$547.75
$536.70
$-
Total Condos Sold
8
6
2
-
Total Condos for Sale at End of Period
12
8
4
-
Average Monthly Supply of Inventory
4.5
4.0
6.0
-
98%
97%
98%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
77%
42%
16%
0%
Average List Price per Square Foot
24%
8%
15%
0%
Average Sold Price
79%
43%
17%
0%
Average Sold Price per Square Foot
25%
8%
16%
0%
Total Condos Sold
125%
0%
450%
0%
Total Condos for Sale at End of Period Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
59
8%
-100%
-100%
0%
-52%
-100%
-100%
0%
1%
0%
1%
0%
WEST HOLLYWOOD
SINGLE FAMILY HOME SALES West Hollywood is a thriving, diverse community on the leading edge of culture, entertainment, and design - and is home to the internationally reknown Pacific Design Center. Minutes away is the Hollywood Bowl,The Greek Theatre, and The Getty Center.The uniquely compact city boasts the Sunset Strip, Santa Monica Boulevard, Robertson, and Melrose; truly Los Angelesâ&#x20AC;&#x2122; Mecca for fashion, fine dining, unparalleled nightlife, and the world-renowned entertainment industry. Incorporated in 1984,West Hollywood has been instrumental since its start in achieving cultural, environmental, and political breakthroughs. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $1,299,002 $697.31
< $1M $872,837 $648.36
$1M - $3M $1,548,423 $733.00
> $3M $4,449,000 $706.64
Average Sold Price
$1,280,952
$879,873
$1,534,577
$4,000,000 $635.32
$688.32
$655.00
$728.02
Total SFH Sold
29
15
13
1
Total SFH for Sale at End of Period
29
4
24
1
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
3.0
0.8
5.5
3.0
99%
101%
99%
90%
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
ALL
< $1M
$1M - $3M
> $3M
$1,114,700
$762,982
$1,541,786
$-
$628.36
$515.58
$733.44
$-
$1,065,946
$732,776
$1,470,509
$$-
$599.91
$494.64
$697.98
Total SFH Sold
31
17
14
-
Total SFH for Sale at End of Period
35
17
15
3
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
3.4
3.0
3.2
-
96%
96%
95%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
17%
14%
0%
0%
Average List Price per Square Foot
11%
26%
0%
0%
Average Sold Price
20%
20%
4%
0%
Average Sold Price per Square Foot
15%
32%
4%
0%
Total SFH Sold
-6%
-12%
-7%
0%
Total SFH for Sale at End of Period
-17%
-76%
60%
-67%
Average Monthly Supply of Inventory
-11%
-73%
72%
0%
3%
5%
4%
0%
Average Sold Price/Original List Price Ratio
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
60
WEST HOLLYWOOD
CONDOMINIUM SALES WEST HOLLYWOOD MARKET OVERVIEW - AUGUST
August 2013 Condominium sales were 40, more than 29 in August 2012 and 22% lower than the 51 sales closed last month. This means August 2013 sales were less than last month, but greater than same month prior year. The Average List Price for August 2013 was $602,835, compared to $571,221 for August 2012 and $602,510 for July 2013. That represents a 0% increase from last month. For JUN AUG 2013, the Average List Price is 10% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $605,421, compared to the JUN - AUG 2013 Average Sales Price of $579,087. These results mean the Sale Price is trending up. Comparing August 2013 to last month saw a 1% increase in Average Sale Price, and a 9% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $579,570 $505.65
< $1M $522,108 $484.82
$1M - $3M $1,120,667 $623.14
> $3M $$-
Average Sold Price
$579,087
$522,140
$1,115,333
$-
Average Sold Price per Square Foot
$505.23
$484.85
$620.18
$-
Total Condos Sold
125
113
12
-
Total Condos for Sale at End of Period
83
-
-
-
Average Monthly Supply of Inventory
2.0
-
-
-
100%
100%
100%
0%
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$525,767
$471,567
$1,245,857
$-
Average List Price per Square Foot
$428.64
$404.57
$603.07
$-
Average Sold Price
$507,522
$460,658
$1,130,143
$-
Average Sold Price per Square Foot
$-
$413.86
$395.48
$547.06
Total Condos Sold
100
93
7
-
Total Condos for Sale at End of Period
68
59
8
1
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.0
1.9
3.4
-
97%
98%
91%
0%
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
10%
11%
-10%
0%
Average List Price per Square Foot
18%
20%
3%
0%
Average Sold Price
14%
13%
-1%
0%
Average Sold Price per Square Foot
22%
23%
13%
0%
Total Condos Sold
25%
22%
71%
0%
Total Condos for Sale at End of Period
22%
-100%
-100%
-100%
Average Monthly Supply of Inventory
-2%
-100%
-100%
0%
Average Sold Price/Original List Price Ratio
4%
2%
10%
0%
(Source: MLS/CLAW)
61
WEST LOS ANGELES
SINGLE FAMILY HOME SALES Surrounded by Santa Monica, Beverly Hills, the ocean and the Santa Monica Mountains is the city of West Los Angeles, known for its 1920s, mid-century and contemporary architecture.With its rolling hills and proximity to the ocean,West Los Angeles was originally developed as an upscale community and is still considered one of the most desirable areas to live in Los Angeles today.With its central location between Los Angeles and the ocean,West Los Angeles has attracted a diverse range of commercial development to add to its 1920s through mid-century and contemporary architecture. The area is also home to some of the worldâ&#x20AC;&#x2122;s finest shopping along the famous Wilshire Boulevard. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $846,385 $584.48
< $1M $765,218 $613.04
$1M - $3M $1,306,333 $506.20
> $3M $$-
Average Sold Price
$870,650
$789,441
$1,330,833
$-
Average Sold Price per Square Foot
$-
$601.24
$632.45
$515.69
Total SFH Sold
20
17
3
-
Total SFH for Sale at End of Period
16
12
4
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
2.4
2.1
4.0
-
103%
103%
102%
0%
SFH JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$583,076
$583,076
$-
$-
Average List Price per Square Foot
$472.14
$472.14
$-
$-
Average Sold Price
$568,129
$568,129
$-
$-
Average Sold Price per Square Foot
$-
$460.04
$460.04
$-
Total SFH Sold
21
21
-
-
Total SFH for Sale at End of Period
13
11
2
-
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.9
1.6
-
-
97%
97%
0%
0%
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
45%
31%
0%
0%
Average List Price per Square Foot
24%
30%
0%
0%
Average Sold Price
53%
39%
0%
0%
Average Sold Price per Square Foot
31%
37%
0%
0%
Total SFH Sold
-5%
-19%
0%
0% 0%
Total SFH for Sale at End of Period
23%
9%
100%
Average Monthly Supply of Inventory
29%
35%
0%
0%
Average Sold Price/Original List Price Ratio
6%
6%
0%
0% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
62
WEST LOS ANGELES
CONDOMINIUM SALES WEST LOS ANGLES MARKET OVERVIEW - AUGUST
August 2013 Single Family Home sales were 6, more than 4 in August 2012 and 14% lower than the 7 sales closed last month. This means August 2013 sales were less than last month, but greater than same month prior year. The Average List Price for August 2013 was $826,983, compared to $437,000 for August 2012 and $1,015,986 for July 2013. That represents a 19% decrease from last month. For JUN - AUG 2013, the Average List Price is a strong 45% higher than JUN - AUG 2012. Average Sales Price for August 2013 was $857,583, compared to the JUN - AUG 2013 Average Sales Price of $870,650. These results mean the Sale Price is trending down. Comparing August 2013 to last month saw a 18% decrease in Average Sale Price, but a 93% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $640,906 $430.06
< $1M $611,255 $424.74
$1M - $3M $1,144,983 $485.16
> $3M $$-
Average Sold Price
$658,257
$631,096
$1,120,000
$-
Average Sold Price per Square Foot
$441.70
$438.53
$474.58
$-
Total Condos Sold
54
51
3
-
Total Condos for Sale at End of Period
34
-
-
-
Average Monthly Supply of Inventory
1.9
-
-
-
103%
103%
98%
0%
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$520,983
$520,983
$-
$-
Average List Price per Square Foot
$380.56
$380.56
$-
$-
Average Sold Price
$510,210
$510,210
$-
$-
Average Sold Price per Square Foot
$373.13
$373.13
$-
$-
Total Condos Sold
44
44
-
-
Total Condos for Sale at End of Period
50
49
1
-
Average Monthly Supply of Inventory
3.4
3.3
-
-
98%
98%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
23%
17%
0%
0%
Average List Price per Square Foot
13%
12%
0%
0%
Average Sold Price
29%
24%
0%
0%
Average Sold Price per Square Foot
18%
18%
0%
0%
Total Condos Sold
23%
16%
0%
0%
Total Condos for Sale at End of Period
-32%
-100%
-100%
0%
Average Monthly Supply of Inventory
-45%
-100%
0%
0%
5%
5%
0%
0%
Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
63
WESTWOOD - CENTURY CITY
SINGLE FAMILY HOME SALES
Westwood is a neighborhood in the northern central portion of the Westside of Los Angeles, California, known for its condos, townhomes, California bungalows and singlefamily homes.Westwood is the home of the University of California, Los Angeles (UCLA), and is also a center for movie-going on the Westside and the site of many movie premieres. Century City is a 176-acre commercial and residential district on the Westside of the city of Los Angeles. Century City is also an important business center. Many law firms and executives, particularly those with ties to the film, television and music industries, have offices there. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $1,767,440 $710.71
< $1M $817,667 $573.67
$1M - $3M $1,546,256 $671.44
> $3M $4,857,500 $913.19
Average Sold Price
$1,793,359
$899,833
$1,599,737
$4,544,938 $854.43
$719.99
$631.31
$693.82
Total SFH Sold
50
3
43
4
Total SFH for Sale at End of Period
29
-
23
6
Average Sold Price per Square Foot
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
1.7
-
1.6
4.5
101%
110%
103%
94%
ALL
< $1M
$1M - $3M
> $3M
$1,571,964
$834,463
$1,514,726
$5,495,000
SFH JUN - AUG 2012 Average List Price Average List Price per Square Foot Average Sold Price
$634.01
$529.57
$592.64
$1,146.22
$1,555,941
$807,213
$1,504,667
$5,422,500
$627.54
$512.27
$588.71
$1,131.10
Total SFH Sold
44
8
34
2
Total SFH for Sale at End of Period
28
4
17
7
Average Monthly Supply of Inventory
1.9
1.5
1.5
10.5
99%
97%
99%
99%
Average Sold Price per Square Foot
Average Sold Price/Original List Price Ratio
SFH AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
12%
-2%
2%
-12%
Average List Price per Square Foot
12%
8%
13%
-20%
Average Sold Price
15%
11%
6%
-16%
Average Sold Price per Square Foot
15%
23%
18%
-24%
Total SFH Sold
14%
-63%
26%
100%
Total SFH for Sale at End of Period
4%
-100%
35%
-14%
Average Monthly Supply of Inventory
-9%
-100%
7%
-57%
Average Sold Price/Original List Price Ratio
3%
14%
4%
-5% (Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
64
WESTWOOD - CENTURY CITY
CONDOMINIUM SALES
WESTWOOD - CENTURY CITY MARKET OVERVIEW - AUGUST August 2013 Condominium sales were 68, more than 52 in August 2012 and 28% more than the 53 sales closed last month. This means August 2013 sales were greater than both last month and the same month prior year. The Average List Price for August 2013 was $1,016,331, compared to $1,026,676 for August 2012 and $869,643 for July 2013. That represents a 17% increase from last month. For JUN - AUG 2013, the Average List Price is 0% lower than JUN - AUG 2012. Average Sales Price for August 2013 was $1,006,547, compared to the JUN - AUG 2013 Average Sales Price of $870,896. These results mean the Sale Price is trending up. Comparing August 2013 to last month saw a 18% increase in Average Sale Price, and a 5% increase compared to same month prior year.
CONDOMINUMS (CONDOS) JUN - AUG 2013 Average List Price Average List Price per Square Foot
ALL $885,291 $542.93
< $1M $623,427 $445.18
$1M - $3M $1,845,955 $685.60
> $3M $5,038,000 $1,130.05
Average Sold Price
$870,896
$620,184
$1,777,136
$4,906,200
Average Sold Price per Square Foot
$534.05
$442.88
$660.04
$1,100.49
Total Condos Sold
187
160
22
5
Total Condos for Sale at End of Period
191
-
-
-
Average Monthly Supply of Inventory
3.1
-
-
-
98%
99%
96%
97%
ALL
< $1M
$1M - $3M
> $3M
$881,102
$567,322
$1,872,462
$4,108,333
Average Sold Price/Original List Price Ratio
CONDOS JUN - AUG 2012 Average List Price Average List Price per Square Foot
$512.48
$387.25
$710.02
$1,229.06
Average Sold Price
$831,456
$553,361
$1,718,731
$3,616,667
Average Sold Price per Square Foot
$1,081.97
$483.60
$377.72
$651.73
Total Condos Sold
142
113
26
3
Total Condos for Sale at End of Period
181
98
59
24
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
3.8
2.6
6.8
24.0
94%
98%
92%
88%
CONDOS AUG/AUG COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
0%
10%
-1%
23%
Average List Price per Square Foot
6%
15%
-3%
-8%
Average Sold Price
5%
12%
3%
36%
Average Sold Price per Square Foot
10%
17%
1%
2%
Total Condos Sold
32%
42%
-15%
67%
Total Condos for Sale at End of Period Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
65
6%
-100%
-100%
-100%
-20%
-100%
-100%
-100%
4%
2%
5%
11%