WHAT IS A MARKET WITHIN A MARKET? Just as the weather is different from Los Feliz to Santa Monica so is the Real Estate climate. While it may be cloudy & overcast in Marina del Rey, at the same exact time, it may be warm & sunny in the Mid Wilshire area. The Real Estate market works the same way. Year-to-year there may be a significant sales increase in Venice while at the same time there is an alarming drop in sales price from the Palms – Mar Vista area even though they are literally blocks from one another.
With our vast years of experience, we at Keller Williams have come to notice that like the need for a sweater by the beach and a T-shirt in the Valley, every market within a market has a very different
climate and therefore requires its own set of statistics for you to truly understand what is going on in your neighborhood. Although you can easily access the broad national, state, and/or country trends published by the media, they may not have anything to do with what is occurring in your own backyard. After all, you wouldn’t watch a weather channel report for Seattle to decide if you
need an umbrella that day would you?
WHY THIS BENEFITS YOU – OUR CLIENT Our extensive experience & knowledge has led us to notice that markets within markets may be performing in a different way from one another and from national averages.
With the current stringent lending situation, having knowledge of the specialized market trends for the neighborhood you are contemplating is vital for true success in your transaction.
Don’t be mislead by ideas that are not actual facts. What is in fact occurring in the markets of those areas may be counterintuitive of notions or ideas you may have perceived from national averages. Knowledge is power and knowing all the facts will give you the power to make the most educated choice.
BEL AIR – HOMBLY HILLS
SFR
Median Price ……………………..…….
$1,780,000
Median Price ……………………..…….
$1,285,000
-27.8%
Average Price per Square Foot ….…
$802
Average Price per Square Foot ….…
$797
-0.6%
Properties Sold ……………………….
25
Properties Sold ……………………….
29
16.0%
Properties Pending Sale ………………
47
Properties Pending Sale ………………
41
-12.8%
Properties For Sale …………….……...
201
Properties For Sale …………….……...
165
-17.9%
Days on Market (Pending Sale) ….…..
98
Days on Market (Pending Sale) ….…..
83
-15.4%
Percent Under Contract ………….……
23.38%
Percent Under Contract ………….……
24.85%
6.3%
BEVERLY CENTER – MIRACLE MILE
SFR
Median Price ……………………..…….
$835,000
Median Price ……………………..…….
$1,075,000
28.7%
Average Price per Square Foot ….…
$442
Average Price per Square Foot ….…
$554
25.3%
Properties Sold ……………………….
29
Properties Sold ……………………….
31
6.9%
Properties Pending Sale ………………
39
Properties Pending Sale ………………
46
17.9%
Properties For Sale …………….……...
120
Properties For Sale …………….……...
92
-23.3%
Days on Market (Pending Sale) ….…..
38
Days on Market (Pending Sale) ….…..
50
30.9%
Percent Under Contract ………….……
32.50%
Percent Under Contract ………….……
50.00%
53.8%
BEVERLY CENTER – MIRACLE MILE
CONDO
Median Price ……………………..…….
$500,000
Median Price ……………………..…….
$520,000
4.0%
Average Price per Square Foot ….…
$354
Average Price per Square Foot ….…
$396
11.9%
Properties Sold ……………………….
21
Properties Sold ……………………….
15
-28.6%
Properties Pending Sale ………………
17
Properties Pending Sale ………………
15
-11.8%
Properties For Sale …………….……...
49
Properties For Sale …………….……...
32
-34.7%
Days on Market (Pending Sale) ….…..
51
Days on Market (Pending Sale) ….…..
34
-32.6%
Percent Under Contract ………….……
34.69%
Percent Under Contract ………….……
46.88%
35.1%
BEVERLY HILLS
SFR
Median Price ……………………..…….
$4,075,000
Median Price ……………………..…….
$4,521,175
10.9%
Average Price per Square Foot ….…
$931
Average Price per Square Foot ….…
$1,068
14.7%
Properties Sold ……………………….
28
Properties Sold ……………………….
23
-17.9%
Properties Pending Sale ………………
38
Properties Pending Sale ………………
37
-2.6%
Properties For Sale …………….……...
196
Properties For Sale …………….……...
134
-31.6%
Days on Market (Pending Sale) ….…..
106
Days on Market (Pending Sale) ….…..
105
-0.8%
Percent Under Contract ………….……
19.39%
Percent Under Contract ………….……
27.61%
42.4%
BEVERLY HILLS
CONDO
Median Price ……………………..…….
$850,000
Median Price ……………………..…….
$775,000
-8.8%
Average Price per Square Foot ….…
$553
Average Price per Square Foot ….…
$532
-3.8%
Properties Sold ……………………….
25
Properties Sold ……………………….
25
0.0%
Properties Pending Sale ………………
21
Properties Pending Sale ………………
35
66.7%
Properties For Sale …………….……...
121
Properties For Sale …………….……...
77
-36.4%
Days on Market (Pending Sale) ….…..
92
Days on Market (Pending Sale) ….…..
102
11.0%
Percent Under Contract ………….……
17.36%
Percent Under Contract ………….……
45.45%
161.9%
BEVERLY HILLS P.O.
SFR
Median Price ……………………..…….
$1,832,500
Median Price ……………………..…….
$1,775,000
-3.1%
Average Price per Square Foot ….…
$701
Average Price per Square Foot ….…
$619
-11.7%
Properties Sold ……………………….
30
Properties Sold ……………………….
37
23.3%
Properties Pending Sale ………………
42
Properties Pending Sale ………………
46
9.5%
Properties For Sale …………….……...
225
Properties For Sale …………….……...
148
-34.2%
Days on Market (Pending Sale) ….…..
94
Days on Market (Pending Sale) ….…..
65
-30.9%
Percent Under Contract ………….……
18.67%
Percent Under Contract ………….……
31.08%
66.5%
BEVERLYWOOD
SFR
Median Price ……………………..…….
$730,000
Median Price ……………………..…….
$750,000
2.7%
Average Price per Square Foot ….…
$410
Average Price per Square Foot ….…
$483
17.8%
Properties Sold ……………………….
38
Properties Sold ……………………….
29
-23.7%
Properties Pending Sale ………………
42
Properties Pending Sale ………………
33
-21.4%
Properties For Sale …………….……...
107
Properties For Sale …………….……...
54
-49.50%
Days on Market (Pending Sale) ….…..
53
Days on Market (Pending Sale) ….…..
54
0.9%
Percent Under Contract ………….……
39.25%
Percent Under Contract ………….……
61.11%
55.7%
BRENTWOOD
SFR
Median Price ……………………..…….
$2,037,500
Median Price ……………………..…….
$2,158,000
5.9%
Average Price per Square Foot ….…
$640
Average Price per Square Foot ….…
$808
26.2%
Properties Sold ……………………….
38
Properties Sold ……………………….
41
7.9%
Properties Pending Sale ………………
56
Properties Pending Sale ………………
55
-1.8%
Properties For Sale …………….……...
216
Properties For Sale …………….……...
164
-24.1%
Days on Market (Pending Sale) ….…..
68
Days on Market (Pending Sale) ….…..
57
-16.3%
Percent Under Contract ………….……
25.93%
Percent Under Contract ………….……
33.54%
29.4%
BRENTWOOD
CONDO
Median Price ……………………..…….
$680,000
Median Price ……………………..…….
$749,000
10.1%
Average Price per Square Foot ….…
$430
Average Price per Square Foot ….…
$470
9.3%
Properties Sold ……………………….
21
Properties Sold ……………………….
43
104.8%
Properties Pending Sale ………………
31
Properties Pending Sale ………………
53
71.0%
Properties For Sale …………….……...
125
Properties For Sale …………….……...
118
-5.6%
Days on Market (Pending Sale) ….…..
68
Days on Market (Pending Sale) ….…..
43
-37.0%
Percent Under Contract ………….……
24.80%
Percent Under Contract ………….……
44.92%
81.1%
BURBANK
SFR
Median Price ……………………..…….
$430,000
Median Price ……………………..…….
$505,500
17.6%
Average Price per Square Foot ….…
$383
Average Price per Square Foot ….…
$365
-4.7%
Properties Sold ……………………….
2
Properties Sold ……………………….
18
800.0%
Properties Pending Sale ………………
6
Properties Pending Sale ………………
15
150.0%
Properties For Sale …………….……...
22
Properties For Sale …………….……...
27
22.7%
Days on Market (Pending Sale) ….…..
22
Days on Market (Pending Sale) ….…..
36
63.0%
Percent Under Contract ………….……
27.27%
Percent Under Contract ………….……
55.56%
103.7%
BURBANK
CONDO
Median Price ……………………..…….
$NA
Median Price ……………………..…….
$350,000
NA%
Average Price per Square Foot ….…
$NA
Average Price per Square Foot ….…
$260
NA%
Properties Sold ……………………….
NA
Properties Sold ……………………….
2
NA%
Properties Pending Sale ………………
NA
Properties Pending Sale ………………
5
NA%
Properties For Sale …………….……...
1
Properties For Sale …………….……...
8
700.0%
Days on Market (Pending Sale) ….…..
NA
Days on Market (Pending Sale) ….…..
77
NA%
Percent Under Contract ………….……
NA%
Percent Under Contract ………….……
62.50%
NA%
CALABASAS
SFR
Median Price ……………………..…….
$950,000
Median Price ……………………..…….
$1,355,000
42.6%
Average Price per Square Foot ….…
$296
Average Price per Square Foot ….…
$333
12.5%
Properties Sold ……………………….
6
Properties Sold ……………………….
6
0.0%
Properties Pending Sale ………………
8
Properties Pending Sale ………………
8
0.0%
Properties For Sale …………….……...
32
Properties For Sale …………….……...
26
-18.8%
Days on Market (Pending Sale) ….…..
102
Days on Market (Pending Sale) ….…..
48
-52.3%
Percent Under Contract ………….……
102%
Percent Under Contract ………….……
48%
-52.31%
CHEVIOT HILLS-RANCH PARK
SFR
Median Price ……………………..…….
$1,375,000
Median Price ……………………..…….
$1,204,000
-12.4%
Average Price per Square Foot ….…
$487
Average Price per Square Foot ….…
$622
27.7%
Properties Sold ……………………….
14
Properties Sold ……………………….
12
-14.3%
Properties Pending Sale ………………
20
Properties Pending Sale ………………
22
10.0%
Properties For Sale …………….……...
58
Properties For Sale …………….……...
34
-41.4%
Days on Market (Pending Sale) ….…..
37
Days on Market (Pending Sale) ….…..
26
-29.9%
Percent Under Contract ………….……
34.48%
Percent Under Contract ………….……
64.71%
87.6%
CULVER CITY
SFR
Median Price ……………………..…….
$531,500
Median Price ……………………..…….
$726,500
36.7%
Average Price per Square Foot ….…
$406
Average Price per Square Foot ….…
$453
11.6%
Properties Sold ……………………….
28
Properties Sold ……………………….
34
21.4%
Properties Pending Sale ………………
32
Properties Pending Sale ………………
43
34.4%
Properties For Sale …………….……...
84
Properties For Sale …………….……...
66
-21.4%
Days on Market (Pending Sale) ….…..
53
Days on Market (Pending Sale) ….…..
42
-20.7%
Percent Under Contract ………….……
38.10%
Percent Under Contract ………….……
65.15%
71.0%
CULVER CITY
CONDO
Median Price ……………………..…….
$250,000
Median Price ……………………..…….
$323,000
29.2%
Average Price per Square Foot ….…
$278
Average Price per Square Foot ….…
$299
7.6%
Properties Sold ……………………….
42
Properties Sold ……………………….
32
-23.8%
Properties Pending Sale ………………
48
Properties Pending Sale ………………
39
-18.8%
Properties For Sale …………….……...
97
Properties For Sale …………….……...
52
-46.4%
Days on Market (Pending Sale) ….…..
60
Days on Market (Pending Sale) ….…..
34
-43.1%
Percent Under Contract ………….……
49.48%
Percent Under Contract ………….……
75.00%
51.6%
DOWNTOWN
SFR
Median Price ……………………..…….
$160,000
Median Price ……………………..…….
$196,778
23.0%
Average Price per Square Foot ….…
$148
Average Price per Square Foot ….…
$191
29.1%
Properties Sold ……………………….
17
Properties Sold ……………………….
12
-29.4%
Properties Pending Sale ………………
13
Properties Pending Sale ………………
18
38.5%
Properties For Sale …………….……...
54
Properties For Sale …………….……...
32
-40.7%
Days on Market (Pending Sale) ….…..
55
Days on Market (Pending Sale) ….…..
69
23.6%
Percent Under Contract ………….……
24.07%
Percent Under Contract ………….……
56.25%
133.7%
DOWNTOWN
CONDO
Median Price ……………………..…….
$310,000
Median Price ……………………..…….
$450,000
45.2%
Average Price per Square Foot ….…
$403
Average Price per Square Foot ….…
$451
11.9%
Properties Sold ……………………….
73
Properties Sold ……………………….
85
16.4%
Properties Pending Sale ………………
93
Properties Pending Sale ………………
85
-8.6%
Properties For Sale …………….……...
242
Properties For Sale …………….……...
171
-29.3%
Days on Market (Pending Sale) ….…..
73
Days on Market (Pending Sale) ….…..
44
-39.0%
Percent Under Contract ………….……
38.43%
Percent Under Contract ………….……
49.71%
-29.3%
ENCINO
SFR
Median Price ……………………..…….
$959,000
Median Price ……………………..…….
$825,000
-14.0%
Average Price per Square Foot ….…
$393
Average Price per Square Foot ….…
$366
-6.9%
Properties Sold ……………………….
17
Properties Sold ……………………….
17
0.0%
Properties Pending Sale ………………
19
Properties Pending Sale ………………
31
63.2%
Properties For Sale …………….……...
87
Properties For Sale …………….……...
75
-13.8%
Days on Market (Pending Sale) ….…..
75
Days on Market (Pending Sale) ….…..
63
-15.7%
Percent Under Contract ………….……
21.84%
Percent Under Contract ………….……
41.33%
89.3%
ENCINO
CONDO
Median Price ……………………..…….
$310,000
Median Price ……………………..…….
$380,000
22.6%
Average Price per Square Foot ….…
$166
Average Price per Square Foot ….…
$217
30.7%
Properties Sold ……………………….
5
Properties Sold ……………………….
4
-20.0%
Properties Pending Sale ………………
2
Properties Pending Sale ………………
9
350.0%
Properties For Sale …………….……...
13
Properties For Sale …………….……...
18
38.5%
Days on Market (Pending Sale) ….…..
173
Days on Market (Pending Sale) ….…..
59
-66.0%
Percent Under Contract ………….……
15.38%
Percent Under Contract ………….……
50.00%
225.0%
HANCOCK PARK-WILSHIRE
SFR
Median Price ……………………..…….
$800,000
Median Price ……………………..…….
$930,000
16.2%
Average Price per Square Foot ….…
$398
Average Price per Square Foot ….…
$471
18.3%
Properties Sold ……………………….
55
Properties Sold ……………………….
35
-36.4%
Properties Pending Sale ………………
70
Properties Pending Sale ………………
55
-21.4%
Properties For Sale …………….……...
210
Properties For Sale …………….……...
132
-37.1%
Days on Market (Pending Sale) ….…..
67
Days on Market (Pending Sale) ….…..
60
-10.1%
Percent Under Contract ………….……
33.33%
Percent Under Contract ………….……
41.67%
25.0%
HOLLYWOOD
SFR
Median Price ……………………..…….
$450,000
Median Price ……………………..…….
$764,998
70.0%
Average Price per Square Foot ….…
$289
Average Price per Square Foot ….…
$440
52.2%
Properties Sold ……………………….
11
Properties Sold ……………………….
8
-27.3%
Properties Pending Sale ………………
12
Properties Pending Sale ………………
10
-16.7%
Properties For Sale …………….……...
44
Properties For Sale …………….……...
23
-47.7%
Days on Market (Pending Sale) ….…..
49
Days on Market (Pending Sale) ….…..
31
-36.6%
Percent Under Contract ………….……
27.27%
Percent Under Contract ………….……
43.48%
59.4%
HOLLYWOOD
CONDO
Median Price ……………………..…….
$557,500
Median Price ……………………..…….
$633,000
13.5%
Average Price per Square Foot ….…
$394
Average Price per Square Foot ….…
$463
17.5%
Properties Sold ……………………….
8
Properties Sold ……………………….
17
112.5%
Properties Pending Sale ………………
16
Properties Pending Sale ………………
34
112.5%
Properties For Sale …………….……...
95
Properties For Sale …………….……...
62
-34.7%
Days on Market (Pending Sale) ….…..
77
Days on Market (Pending Sale) ….…..
89
15.6%
Percent Under Contract ………….……
16.84%
Percent Under Contract ………….……
54.84%
225.6%
HOLLYWOOD HILLS EAST
SFR
Median Price ……………………..…….
$867,000
Median Price ……………………..…….
$1,021,888
17.9%
Average Price per Square Foot ….…
$498
Average Price per Square Foot ….…
$441
-11.4%
Properties Sold ……………………….
29
Properties Sold ……………………….
29
0.0%
Properties Pending Sale ………………
31
Properties Pending Sale ………………
43
38.7%
Properties For Sale …………….……...
110
Properties For Sale …………….……...
83
-24.5%
Days on Market (Pending Sale) ….…..
62
Days on Market (Pending Sale) ….…..
67
8.4%
Percent Under Contract ………….……
28.18%
Percent Under Contract ………….……
51.81%
83.8%
LOS FELIZ
SFR
Median Price ……………………..…….
$987,000
Median Price ……………………..…….
$1,025,000
3.7%
Average Price per Square Foot ….…
$502
Average Price per Square Foot ….…
$517
3.0%
Properties Sold ……………………….
44
Properties Sold ……………………….
47
6.8%
Properties Pending Sale ………………
49
Properties Pending Sale ………………
55
12.2%
Properties For Sale …………….……...
143
Properties For Sale …………….……...
122
-14.7%
Days on Market (Pending Sale) ….…..
64
Days on Market (Pending Sale) ….…..
50
-20.9%
Percent Under Contract ………….……
34.27%
Percent Under Contract ………….……
45.08%
31.6%
LOS FELIZ
CONDO
Median Price ……………………..…….
$389,500
Median Price ……………………..…….
$421,000
8.1%
Average Price per Square Foot ….…
$363
Average Price per Square Foot ….…
$364
0.3%
Properties Sold ……………………….
8
Properties Sold ……………………….
4
-50.0%
Properties Pending Sale ………………
10
Properties Pending Sale ………………
6
-40.0%
Properties For Sale …………….……...
25
Properties For Sale …………….……...
8
-68.0%
Days on Market (Pending Sale) ….…..
41
Days on Market (Pending Sale) ….…..
21
-49.2%
Percent Under Contract ………….……
40.00%
Percent Under Contract ………….……
75.00%
87.5%
MALIBU
SFR
Median Price ……………………..…….
$1,350,000
Median Price ……………………..…….
$1,600,000
18.5%
Average Price per Square Foot ….…
$741
Average Price per Square Foot ….…
$583
3.2%
Properties Sold ……………………….
35
Properties Sold ……………………….
39
21.9%
Properties Pending Sale ………………
40
Properties Pending Sale ………………
47
42.4%
Properties For Sale …………….……...
330
Properties For Sale …………….……...
229
-27.8%
Days on Market (Pending Sale) ….…..
176
Days on Market (Pending Sale) ….…..
124
26.1%
Percent Under Contract ………….……
12.12%
Percent Under Contract ………….……
20.52%
97.2%
MALIBU BEACH
SFR
Median Price ……………………..…….
$5,295,000
Median Price ……………………..…….
$5,850,000
10.5%
Average Price per Square Foot ….…
$1,556
Average Price per Square Foot ….…
$2,107
35.4%
Properties Sold ……………………….
8
Properties Sold ……………………….
6
-25.0%
Properties Pending Sale ………………
14
Properties Pending Sale ………………
11
-21.4%
Properties For Sale …………….……...
121
Properties For Sale …………….……...
102
-15.7%
Days on Market (Pending Sale) ….…..
208
Days on Market (Pending Sale) ….…..
136
-34.6%
Percent Under Contract ………….……
11.57%
Percent Under Contract ………….……
10.78%
-6.8%
MARINA DEL REY
SFR
Median Price ……………………..…….
$1,215,000
Median Price ……………………..…….
$1,735,000
42.8%
Average Price per Square Foot ….…
$405
Average Price per Square Foot ….…
$553
36.5%
Properties Sold ……………………….
7
Properties Sold ……………………….
9
28.6%
Properties Pending Sale ………………
11
Properties Pending Sale ………………
15
36.4%
Properties For Sale …………….……...
42
Properties For Sale …………….……...
33
-21.4%
Days on Market (Pending Sale) ….…..
63
Days on Market (Pending Sale) ….…..
70
11.1%
Percent Under Contract ………….……
26.19%
Percent Under Contract ………….……
45.45%
73.6%
MARINA DEL REY
CONDO
Median Price ……………………..…….
$510,000
Median Price ……………………..…….
$611,500
19.9%
Average Price per Square Foot ….…
$376
Average Price per Square Foot ….…
$459
22.1%
Properties Sold ……………………….
41
Properties Sold ……………………….
55
34.1%
Properties Pending Sale ………………
54
Properties Pending Sale ………………
66
22.2%
Properties For Sale …………….……...
246
Properties For Sale …………….……...
166
-32.5%
Days on Market (Pending Sale) ….…..
106
Days on Market (Pending Sale) ….…..
65
-38.5%
Percent Under Contract ………….……
21.95%
Percent Under Contract ………….……
39.76%
81.1%
MID LOS ANGELES
SFR
Median Price ……………………..…….
$301,000
Median Price ……………………..…….
$368,250
22.3%
Average Price per Square Foot ….…
$236
Average Price per Square Foot ….…
$241
2.1%
Properties Sold ……………………….
30
Properties Sold ……………………….
50
66.7%
Properties Pending Sale ………………
50
Properties Pending Sale ………………
65
30.0%
Properties For Sale …………….……...
152
Properties For Sale …………….……...
95
-37.5%
Days on Market (Pending Sale) ….…..
80
Days on Market (Pending Sale) ….…..
44
-44.2%
Percent Under Contract ………….……
%32.89
Percent Under Contract ………….……
68.42%
108.0%
MID WILSHIRE
SFR
Median Price ……………………..…….
$430,000
Median Price ……………………..…….
$445,000
3.5%
Average Price per Square Foot ….…
$208
Average Price per Square Foot ….…
$261
25.5%
Properties Sold ……………………….
2
Properties Sold ……………………….
7
250.0%
Properties Pending Sale ………………
6
Properties Pending Sale ………………
8
33.3%
Properties For Sale …………….……...
34
Properties For Sale …………….……...
27
-20.6%
Days on Market (Pending Sale) ….…..
7
Days on Market (Pending Sale) ….…..
43
527.4%
Percent Under Contract ………….……
17.65%
Percent Under Contract ………….……
29.63%
67.9%
PACIFIC PALISADES
SFR
Median Price ……………………..…….
$1,792,500
Median Price ……………………..…….
$2,359,000
31.6%
Average Price per Square Foot ….…
$655
Average Price per Square Foot ….…
$872
33.1%
Properties Sold ……………………….
46
Properties Sold ……………………….
51
10.9%
Properties Pending Sale ………………
58
Properties Pending Sale ………………
74
27.6%
Properties For Sale …………….……...
218
Properties For Sale …………….……...
171
-21.6%
Days on Market (Pending Sale) ….…..
80
Days on Market (Pending Sale) ….…..
67
-16.6%
Percent Under Contract ………….……
26.61%
Percent Under Contract ………….……
43.27%
62.7%
PALMS – MAR VISTA
SFR
Median Price ……………………..…….
$750,000
Median Price ……………………..…….
$835,500
11.4%
Average Price per Square Foot ….…
$446
Average Price per Square Foot ….…
$544
24.2%
Properties Sold ……………………….
49
Properties Sold ……………………….
57
16.3%
Properties Pending Sale ………………
58
Properties Pending Sale ………………
74
27.6%
Properties For Sale …………….……...
140
Properties For Sale …………….……...
119
-15.0%
Days on Market (Pending Sale) ….…..
67
Days on Market (Pending Sale) ….…..
32
-52.8%
Percent Under Contract ………….……
41.43%
Percent Under Contract ………….……
62.18%
50.1%
SANTA MONICA
SFR
Median Price ……………………..…….
$1,735,150
Median Price ……………………..…….
$1,610,625
-7.2%
Average Price per Square Foot ….…
$784
Average Price per Square Foot ….…
$896
14.3%
Properties Sold ……………………….
50
Properties Sold ……………………….
38
-24.0%
Properties Pending Sale ………………
58
Properties Pending Sale ………………
52
-10.3%
Properties For Sale …………….……...
181
Properties For Sale …………….……...
122
-32.6%
Days on Market (Pending Sale) ….…..
46
Days on Market (Pending Sale) ….…..
43
-5.6%
Percent Under Contract ………….……
32.04%
Percent Under Contract ………….……
42.62%
33.0%
SANTA MONICA
CONDO
Median Price ……………………..…….
$671,500
Median Price ……………………..…….
$745,000
10.9%
Average Price per Square Foot ….…
$659
Average Price per Square Foot ….…
$675
2.4%
Properties Sold ……………………….
74
Properties Sold ……………………….
74
0.0%
Properties Pending Sale ………………
100
Properties Pending Sale ………………
115
15.0%
Properties For Sale …………….……...
278
Properties For Sale …………….……...
171
-38.5%
Days on Market (Pending Sale) ….…..
66
Days on Market (Pending Sale) ….…..
53
-19.9%
Percent Under Contract ………….……
35.97%
Percent Under Contract ………….……
67.25%
87.0%
SHERMAN OAKS
SFR
Median Price ……………………..…….
$753,750
Median Price ……………………..…….
$790,000
4.8%
Average Price per Square Foot ….…
$379
Average Price per Square Foot ….…
$407
7.4%
Properties Sold ……………………….
32
Properties Sold ……………………….
29
-9.4%
Properties Pending Sale ………………
36
Properties Pending Sale ………………
45
25.0%
Properties For Sale …………….……...
118
Properties For Sale …………….……...
91
-22.9%
Days on Market (Pending Sale) ….…..
63
Days on Market (Pending Sale) ….…..
52
-16.7%
Percent Under Contract ………….……
30.51%
Percent Under Contract ………….……
49.45%
62.1%
SHERMAN OAKS
CONDO
Median Price ……………………..…….
$312,000
Median Price ……………………..…….
$316,500
1.4%
Average Price per Square Foot ….…
$216
Average Price per Square Foot ….…
$249
15.3%
Properties Sold ……………………….
13
Properties Sold ……………………….
16
23.1%
Properties Pending Sale ………………
17
Properties Pending Sale ………………
18
5.9%
Properties For Sale …………….……...
37
Properties For Sale …………….……...
25
-32.4%
Days on Market (Pending Sale) ….…..
72
Days on Market (Pending Sale) ….…..
110
51.8%
Percent Under Contract ………….……
45.95%
Percent Under Contract ………….……
72.00%
56.7%
SILVER LAKE – ECHO PARK
SFR
Median Price ……………………..…….
$601,000
Median Price ……………………..…….
$641,000
6.7%
Average Price per Square Foot ….…
$420
Average Price per Square Foot ….…
$441
5.0%
Properties Sold ……………………….
53
Properties Sold ……………………….
58
9.4%
Properties Pending Sale ………………
60
Properties Pending Sale ………………
72
20.0%
Properties For Sale …………….……...
146
Properties For Sale …………….……...
104
-28.8%
Days on Market (Pending Sale) ….…..
60
Days on Market (Pending Sale) ….…..
47
-21.3%
Percent Under Contract ………….……
41.10%
Percent Under Contract ………….……
69.23%
68.5%
STUDIO CITY
SFR
Median Price ……………………..…….
$799,500
Median Price ……………………..…….
$1,170,000
46.3%
Average Price per Square Foot ….…
$382
Average Price per Square Foot ….…
$451
18.1%
Properties Sold ……………………….
24
Properties Sold ……………………….
31
29.2%
Properties Pending Sale ………………
40
Properties Pending Sale ………………
36
-10.0%
Properties For Sale …………….……...
114
Properties For Sale …………….……...
68
-40.4%
Days on Market (Pending Sale) ….…..
51
Days on Market (Pending Sale) ….…..
58
14.8%
Percent Under Contract ………….……
35.09%
Percent Under Contract ………….……
52.94%
50.9%
STUDIO CITY
CONDO
Median Price ……………………..…….
$522,500
Median Price ……………………..…….
$449,500
-14.0%
Average Price per Square Foot ….…
$274
Average Price per Square Foot ….…
$358
30.7%
Properties Sold ……………………….
6
Properties Sold ……………………….
10
66.7%
Properties Pending Sale ………………
10
Properties Pending Sale ………………
14
40.0%
Properties For Sale …………….……...
25
Properties For Sale …………….……...
27
8.0%
Days on Market (Pending Sale) ….…..
86
Days on Market (Pending Sale) ….…..
70
-18.3%
Percent Under Contract ………….……
40.00%
Percent Under Contract ………….……
51.85%
29.6%
SUNSET STRIP – HOLLYWOOD HILLS WEST
SFR
Median Price ……………………..…….
$1,244,250
Median Price ……………………..…….
$1,432,500
15.1%
Average Price per Square Foot ….…
$555
Average Price per Square Foot ….…
$678
22.2%
Properties Sold ……………………….
66
Properties Sold ……………………….
84
27.3%
Properties Pending Sale ………………
94
Properties Pending Sale ………………
112
19.1%
Properties For Sale …………….……...
423
Properties For Sale …………….……...
307
-27.4%
Days on Market (Pending Sale) ….…..
74
Days on Market (Pending Sale) ….…..
80
8.2%
Percent Under Contract ………….……
22.22%
Percent Under Contract ………….……
36.48%
64.2%
SUNSET STRIP – HOLLYWOOD HILLS WEST
CONDO
Median Price ……………………..…….
$369,500
Median Price ……………………..…….
$402,500
8.9%
Average Price per Square Foot ….…
$767
Average Price per Square Foot ….…
$592
-22.8%
Properties Sold ……………………….
12
Properties Sold ……………………….
24
100.0%
Properties Pending Sale ………………
13
Properties Pending Sale ………………
21
61.5%
Properties For Sale …………….……...
51
Properties For Sale …………….……...
41
-19.6%
Days on Market (Pending Sale) ….…..
81
Days on Market (Pending Sale) ….…..
55
-31.6%
Percent Under Contract ………….……
25.49%
Percent Under Contract ………….……
51.22%
100.9%
TOPANGA
SFR
Median Price ……………………..…….
$600,000
Median Price ……………………..…….
$760,000
26.7%
Average Price per Square Foot ….…
$398
Average Price per Square Foot ….…
$460
15.6%
Properties Sold ……………………….
13
Properties Sold ……………………….
17
30.8%
Properties Pending Sale ………………
16
Properties Pending Sale ………………
27
68.8%
Properties For Sale …………….……...
83
Properties For Sale …………….……...
77
-7.2%
Days on Market (Pending Sale) ….…..
160
Days on Market (Pending Sale) ….…..
87
-45.8%
Percent Under Contract ………….……
19.28%
Percent Under Contract ………….……
35.06%
81.9%
TOPANGA
CONDO
Median Price ……………………..…….
$NA
Median Price ……………………..…….
$275,000
NA%
Average Price per Square Foot ….…
$NA
Average Price per Square Foot ….…
$216
NA%
Properties Sold ……………………….
NA
Properties Sold ……………………….
1
NA%
Properties Pending Sale ………………
1
Properties Pending Sale ………………
1
0.0%
Properties For Sale …………….……...
2
Properties For Sale …………….……...
2
0.0%
Days on Market (Pending Sale) ….…..
14
Days on Market (Pending Sale) ….…..
319
2,178.6%
Percent Under Contract ………….……
50.0%
Percent Under Contract ………….……
50.0%
0.0%
VENICE
SFR
Median Price ……………………..…….
$978,500
Median Price ……………………..…….
$1,250,000
27.7%
Average Price per Square Foot ….…
$617
Average Price per Square Foot ….…
$811
31.4%
Properties Sold ……………………….
24
Properties Sold ……………………….
37
54.2%
Properties Pending Sale ………………
39
Properties Pending Sale ………………
46
17.9%
Properties For Sale …………….……...
152
Properties For Sale …………….……...
102
-32.9%
Days on Market (Pending Sale) ….…..
74
Days on Market (Pending Sale) ….…..
42
-43.9%
Percent Under Contract ………….……
25.66%
Percent Under Contract ………….……
45.10%
75.8%
VENICE
CONDO
Median Price ……………………..…….
$930,000
Median Price ……………………..…….
$1,387,500
49.2%
Average Price per Square Foot ….…
$510
Average Price per Square Foot ….…
$731
43.3%
Properties Sold ……………………….
10
Properties Sold ……………………….
4
-60.0%
Properties Pending Sale ………………
10
Properties Pending Sale ………………
7
-30.0%
Properties For Sale …………….……...
47
Properties For Sale …………….……...
18
-61.7%
Days on Market (Pending Sale) ….…..
129
Days on Market (Pending Sale) ….…..
69
-46.6%
Percent Under Contract ………….……
21.28%
Percent Under Contract ………….……
38.89%
82.8%
WEST HOLLYWOOD
SFR
Median Price ……………………..…….
$935,000
Median Price ……………………..…….
$1,312,500
40.4%
Average Price per Square Foot ….…
$626
Average Price per Square Foot ….…
$725
15.8%
Properties Sold ……………………….
19
Properties Sold ……………………….
26
36.8%
Properties Pending Sale ………………
22
Properties Pending Sale ………………
38
72.7%
Properties For Sale …………….……...
86
Properties For Sale …………….……...
72
-16.3%
Days on Market (Pending Sale) ….…..
64
Days on Market (Pending Sale) ….…..
62
-3.0%
Percent Under Contract ………….……
25.58%
Percent Under Contract ………….……
52.78%
106.3%
WEST HOLLYWOOD
CONDO
Median Price ……………………..…….
$400,000
Median Price ……………………..…….
$540,000
35.0%
Average Price per Square Foot ….…
$400
Average Price per Square Foot ….…
$457
14.2%
Properties Sold ……………………….
71
Properties Sold ……………………….
75
5.6%
Properties Pending Sale ………………
79
Properties Pending Sale ………………
87
10.1%
Properties For Sale …………….……...
253
Properties For Sale …………….……...
171
-32.4%
Days on Market (Pending Sale) ….…..
78
Days on Market (Pending Sale) ….…..
40
-48.8%
Percent Under Contract ………….……
31.23%
Percent Under Contract ………….……
50.88%
62.9%
WEST LOS ANGELES
SFR
Median Price ……………………..…….
$695,000
Median Price ……………………..…….
$703,500
1.2%
Average Price per Square Foot ….…
$455
Average Price per Square Foot ….…
$466
2.4%
Properties Sold ……………………….
12
Properties Sold ……………………….
26
116.7%
Properties Pending Sale ………………
11
Properties Pending Sale ………………
26
136.4%
Properties For Sale …………….……...
47
Properties For Sale …………….……...
37
-21.3%
Days on Market (Pending Sale) ….…..
38
Days on Market (Pending Sale) ….…..
59
55.6%
Percent Under Contract ………….……
23.40%
Percent Under Contract ………….……
70.27%
200.2%
WESTCHESTER
SFR
Median Price ……………………..…….
$552,500
Median Price ……………………..…….
$710,000
28.5%
Average Price per Square Foot ….…
$384
Average Price per Square Foot ….…
$405
5.5%
Properties Sold ……………………….
47
Properties Sold ……………………….
41
-12.8%
Properties Pending Sale ………………
55
Properties Pending Sale ………………
54
-1.8%
Properties For Sale …………….……...
109
Properties For Sale …………….……...
85
-22.0%
Days on Market (Pending Sale) ….…..
46
Days on Market (Pending Sale) ….…..
43
-5.6%
Percent Under Contract ………….……
50.46%
Percent Under Contract ………….……
63.53%
25.9%
WESTCHESTER
CONDO
Median Price ……………………..…….
$275,000
Median Price ……………………..…….
$315,500
14.7%
Average Price per Square Foot ….…
$256
Average Price per Square Foot ….…
$289
12.9%
Properties Sold ……………………….
8
Properties Sold ……………………….
4
-50.0%
Properties Pending Sale ………………
7
Properties Pending Sale ………………
7
0.0%
Properties For Sale …………….……...
27
Properties For Sale …………….……...
9
-66.7%
Days on Market (Pending Sale) ….…..
162
Days on Market (Pending Sale) ….…..
129
-20.2%
Percent Under Contract ………….……
25.93%
Percent Under Contract ………….……
77.78%
200.0%
WESTWOOD – CENTURY CITY
SFR
Median Price ……………………..…….
$1,257,500
Median Price ……………………..…….
$1,250,000
-0.6%
Average Price per Square Foot ….…
$607
Average Price per Square Foot ….…
$630
3.8%
Properties Sold ……………………….
38
Properties Sold ……………………….
19
-50.0%
Properties Pending Sale ………………
48
Properties Pending Sale ………………
39
-18.8%
Properties For Sale …………….……...
129
Properties For Sale …………….……...
69
-46.5%
Days on Market (Pending Sale) ….…..
35
Days on Market (Pending Sale) ….…..
26
-25.7%
Percent Under Contract ………….……
37.21%
Percent Under Contract ………….……
56.52%
51.9%
WESTWOOD – CENTURY CITY
CONDO
Median Price ……………………..…….
$595,000
Median Price ……………………..…….
$630,000
5.9%
Average Price per Square Foot ….…
$475
Average Price per Square Foot ….…
$478
0.6%
Properties Sold ……………………….
114
Properties Sold ……………………….
95
-6.7%
Properties Pending Sale ………………
142
Properties Pending Sale ………………
141
-0.7%
Properties For Sale …………….……...
501
Properties For Sale …………….……...
347
-30.7%
Days on Market (Pending Sale) ….…..
92
Days on Market (Pending Sale) ….…..
72
-21.8%
Percent Under Contract ………….……
28.34%
Percent Under Contract ………….……
40.63%
43.4%
Glossary of Terms Median Price: A value that separates the upper half of prices from the lower half of prices. It can be interpreted like an average, however the extreme prices (high and low) don’t hold undue. Average Price per Square Foot: The price per each property divided by their respective square footage then averaged across all properties sold in the area for a given time period. Properties Sold: The number of property transactions that closed and transferred ownership. Properties Pending Sale: The number of properties that entered escrow in preparation for sale.
Properties For Sale: The number of properties on the market and seeking buyers. Days on Market (Pending Sale): The number of days that properties currently in escrow were on the market. Absorption Rate: The rate at which the inventory of home for sale are being sold. Percent Under Contract: The ratio of properties to properties sale.
Disclaimer The Market Within A Market Report is brought to you by Regional Marketing Director, Michael Lewis. Information obtained from Broker Metrics and DataQuick. Broker Metrics and DataQuick statistics are subject to change due to individual real estate company reporting disciplines. The information provided herein is from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. For More Information, Contact: Michael Lewis Regional Marketing Director Keller Williams Realty 11812 San Vicente Blvd. Suite 100 Los Angeles, CA 90049 m.lewis@kw.com