WHAT IS A MARKET WITHIN A MARKET? Just as the weather is different from Los Feliz to Santa Monica so is the Real Estate climate. While it may be cloudy & overcast in Marina del Rey, at the same exact time, it may be warm & sunny in the Mid Wilshire area. The Real Estate market works the same way. Year-to-year there may be a significant sales increase in Venice while at the same time there is an alarming drop in sales price from the Palms – Mar Vista area even though they are literally blocks from one another.
With our vast years of experience, we at Keller Williams have come to notice that like the need for a sweater by the beach and a T-shirt in the Valley, every market within a market has a very different
climate and therefore requires its own set of statistics for you to truly understand what is going on in your neighborhood. Although you can easily access the broad national, state, and/or country trends published by the media, they may not have anything to do with what is occurring in your own backyard. After all, you wouldn’t watch a weather channel report for Seattle to decide if you
need an umbrella that day would you?
WHY THIS BENEFITS YOU – OUR CLIENT Our extensive experience & knowledge has led us to notice that markets within markets may be performing in a different way from one another and from national averages.
With the current stringent lending situation, having knowledge of the specialized market trends for the neighborhood you are contemplating is vital for true success in your transaction.
Don’t be mislead by ideas that are not actual facts. What is in fact occurring in the markets of those areas may be counterintuitive of notions or ideas you may have perceived from national averages. Knowledge is power and knowing all the facts will give you the power to make the most educated choice.
BEL AIR – HOLMBY HILLS
SFR
Median Price ……………………..…….
$1,300,000
Median Price ……………………..…….
$1,990,000
53.1%
Average Price per Square Foot ….…
$861
Average Price per Square Foot ….…
$904
5.0%
Properties Sold ……………………….
31
Properties Sold ……………………….
32
3.2%
Properties Pending Sale ………………
38
Properties Pending Sale ………………
34
-10.5%
Properties For Sale …………….……...
171
Properties For Sale …………….……...
147
-14.0%
Days on Market (Pending Sale) ….…..
80
Days on Market (Pending Sale) ….…..
156
95.7%
Percent Under Contract ………….……
22.22%
Percent Under Contract ………….……
23.13%
4.1%
BEVERLY CENTER – MIRACLE MILE
SFR
Median Price ……………………..…….
$1,075,000
Median Price ……………………..…….
$1,242,500
15.6%
Average Price per Square Foot ….…
$554
Average Price per Square Foot ….…
$594
7.2%
Properties Sold ……………………….
31
Properties Sold ……………………….
40
29.0%
Properties Pending Sale ………………
43
Properties Pending Sale ………………
48
11.6%
Properties For Sale …………….……...
93
Properties For Sale …………….……...
109
17.2%
Days on Market (Pending Sale) ….…..
58
Days on Market (Pending Sale) ….…..
40
-31.9%
Percent Under Contract ………….……
46.24%
Percent Under Contract ………….……
44.04%
-4.8%
BEVERLY CENTER – MIRACLE MILE
CONDO
Median Price ……………………..…….
$507,500
Median Price ……………………..…….
$570,000
12.3%
Average Price per Square Foot ….…
$395
Average Price per Square Foot ….…
$550
39.2%
Properties Sold ……………………….
16
Properties Sold ……………………….
15
-6.2%
Properties Pending Sale ………………
14
Properties Pending Sale ………………
25
78.6%
Properties For Sale …………….……...
34
Properties For Sale …………….……...
47
38.2%
Days on Market (Pending Sale) ….…..
35
Days on Market (Pending Sale) ….…..
68
95.2%
Percent Under Contract ………….……
41.18%
Percent Under Contract ………….……
53.19%
29.2%
BEVERLY HILLS
SFR
Median Price ……………………..…….
$4,521,175
Median Price ……………………..…….
$5,325,000
17.8%
Average Price per Square Foot ….…
$1,066
Average Price per Square Foot ….…
$1,202
12.8%
Properties Sold ……………………….
25
Properties Sold ……………………….
33
32.0%
Properties Pending Sale ………………
34
Properties Pending Sale ………………
44
29.4%
Properties For Sale …………….……...
140
Properties For Sale …………….……...
134
-4.3%
Days on Market (Pending Sale) ….…..
113
Days on Market (Pending Sale) ….…..
73
-35.5%
Percent Under Contract ………….……
24.29%
Percent Under Contract ………….……
32.84%
35.2%
BEVERLY HILLS
CONDO
Median Price ……………………..…….
$775,000
Median Price ……………………..…….
$1,095,000
41.3%
Average Price per Square Foot ….…
$532
Average Price per Square Foot ….…
$754
41.7%
Properties Sold ……………………….
25
Properties Sold ……………………….
22
-12.0%
Properties Pending Sale ………………
31
Properties Pending Sale ………………
27
-12.9%
Properties For Sale …………….……...
79
Properties For Sale …………….……...
81
2.5%
Days on Market (Pending Sale) ….…..
99
Days on Market (Pending Sale) ….…..
74
-25.5%
Percent Under Contract ………….……
39.24%
Percent Under Contract ………….……
33.33%
-15.1%
BEVERLY HILLS P.O.
SFR
Median Price ……………………..…….
$1,775,000
Median Price ……………………..…….
$2,435,000
37.2%
Average Price per Square Foot ….…
$619
Average Price per Square Foot ….…
$832
34.4%
Properties Sold ……………………….
37
Properties Sold ……………………….
31
-16.2%
Properties Pending Sale ………………
43
Properties Pending Sale ………………
41
-4.7%
Properties For Sale …………….……...
152
Properties For Sale …………….……...
162
6.6%
Days on Market (Pending Sale) ….…..
78
Days on Market (Pending Sale) ….…..
91
16.5%
Percent Under Contract ………….……
28.29%
Percent Under Contract ………….……
25.31%
-10.5%
BEVERLYWOOD
SFR
Median Price ……………………..…….
$720,000
Median Price ……………………..…….
$892,500
24.0%
Average Price per Square Foot ….…
$471
Average Price per Square Foot ….…
$543
15.3%
Properties Sold ……………………….
31
Properties Sold ……………………….
34
9.7%
Properties Pending Sale ………………
32
Properties Pending Sale ………………
52
62.5%
Properties For Sale …………….……...
58
Properties For Sale …………….……...
101
74.1%
Days on Market (Pending Sale) ….…..
57
Days on Market (Pending Sale) ….…..
41
-29.4%
Percent Under Contract ………….……
55.17%
Percent Under Contract ………….……
51.49%
-6.7%
BRENTWOOD
SFR
Median Price ……………………..…….
$2,158,000
Median Price ……………………..…….
$2,600,000
20.5%
Average Price per Square Foot ….…
$806
Average Price per Square Foot ….…
$965
19.7%
Properties Sold ……………………….
43
Properties Sold ……………………….
31
-27.9%
Properties Pending Sale ………………
57
Properties Pending Sale ………………
42
-26.3%
Properties For Sale …………….……...
166
Properties For Sale …………….……...
150
-9.6%
Days on Market (Pending Sale) ….…..
63
Days on Market (Pending Sale) ….…..
52
-18.1%
Percent Under Contract ………….……
34.34%
Percent Under Contract ………….……
28.00%
-18.5%
BRENTWOOD
CONDO
Median Price ……………………..…….
$749,000
Median Price ……………………..…….
$825,000
10.1%
Average Price per Square Foot ….…
$470
Average Price per Square Foot ….…
$508
8.1%
Properties Sold ……………………….
43
Properties Sold ……………………….
33
-23.3%
Properties Pending Sale ………………
52
Properties Pending Sale ………………
47
-9.6%
Properties For Sale …………….……...
118
Properties For Sale …………….……...
124
5.1%
Days on Market (Pending Sale) ….…..
55
Days on Market (Pending Sale) ….…..
51
-6.1%
Percent Under Contract ………….……
44.07%
Percent Under Contract ………….……
37.90%
-14.0%
BURBANK
SFR
Median Price ……………………..…….
$516,000
Median Price ……………………..…….
$723,000
40.1%
Average Price per Square Foot ….…
$383
Average Price per Square Foot ….…
$430
12.3%
Properties Sold ……………………….
19
Properties Sold ……………………….
13
-31.6%
Properties Pending Sale ………………
15
Properties Pending Sale ………………
17
13.3%
Properties For Sale …………….……...
32
Properties For Sale …………….……...
36
12.5%
Days on Market (Pending Sale) ….…..
46
Days on Market (Pending Sale) ….…..
37
-20.4%
Percent Under Contract ………….……
46.88%
Percent Under Contract ………….……
47.22%
0.7%
BURBANK
CONDO
Median Price ……………………..…….
$375,000
Median Price ……………………..…….
$398,000
6.1%
Average Price per Square Foot ….…
$274
Average Price per Square Foot ….…
$372
35.8%
Properties Sold ……………………….
3
Properties Sold ……………………….
7
133.3%
Properties Pending Sale ………………
3
Properties Pending Sale ………………
11
266.7%
Properties For Sale …………….……...
8
Properties For Sale …………….……...
20
150.0%
Days on Market (Pending Sale) ….…..
37
Days on Market (Pending Sale) ….…..
51
37.3%
Percent Under Contract ………….……
37.50%
Percent Under Contract ………….……
55.00%
46.7%
CALABASAS
SFR
Median Price ……………………..…….
$1,355,000
Median Price ……………………..…….
$1,832,500
35.2%
Average Price per Square Foot ….…
$333
Average Price per Square Foot ….…
$310
-6.9%
Properties Sold ……………………….
6
Properties Sold ……………………….
2
-66.7%
Properties Pending Sale ………………
7
Properties Pending Sale ………………
9
28.6%
Properties For Sale …………….……...
28
Properties For Sale …………….……...
28
0.0%
Days on Market (Pending Sale) ….…..
65
Days on Market (Pending Sale) ….…..
118
80.5%
Percent Under Contract ………….……
25.00%
Percent Under Contract ………….……
32.14%
28.6%
CALABASAS
CONDO
Median Price ……………………..…….
$245,000
Median Price ……………………..…….
$452,000
84.5%
Average Price per Square Foot ….…
$193
Average Price per Square Foot ….…
$302
56.5%
Properties Sold ……………………….
3
Properties Sold ……………………….
1
-66.7%
Properties Pending Sale ………………
2
Properties Pending Sale ………………
1
-50.0%
Properties For Sale …………….……...
2
Properties For Sale …………….……...
4
100.0%
Days on Market (Pending Sale) ….…..
17
Days on Market (Pending Sale) ….…..
52
205.9%
Percent Under Contract ………….……
100.00%
Percent Under Contract ………….……
25.00%
-75.0%
CHEVIOT HILLS-RANCH PARK
SFR
Median Price ……………………..…….
$1,204,000
Median Price ……………………..…….
$1,800,000
49.5%
Average Price per Square Foot ….…
$622
Average Price per Square Foot ….…
$673
8.2%
Properties Sold ……………………….
12
Properties Sold ……………………….
9
-25.0%
Properties Pending Sale ………………
21
Properties Pending Sale ………………
16
-23.8%
Properties For Sale …………….……...
36
Properties For Sale …………….……...
31
-13.9%
Days on Market (Pending Sale) ….…..
30
Days on Market (Pending Sale) ….…..
22
-25.4%
Percent Under Contract ………….……
58.33%
Percent Under Contract ………….……
51.61%
-11.5%
CULVER CITY
SFR
Median Price ……………………..…….
$734,000
Median Price ……………………..…….
$740,000
0.8%
Average Price per Square Foot ….…
$449
Average Price per Square Foot ….…
$532
18.5%
Properties Sold ……………………….
34
Properties Sold ……………………….
27
-20.6%
Properties Pending Sale ………………
37
Properties Pending Sale ………………
41
10.8%
Properties For Sale …………….……...
67
Properties For Sale …………….……...
60
-10.4%
Days on Market (Pending Sale) ….…..
46
Days on Market (Pending Sale) ….…..
47
2.0%
Percent Under Contract ………….……
55.22%
Percent Under Contract ………….……
68.33%
23.7%
CULVER CITY
CONDO
Median Price ……………………..…….
$323,000
Median Price ……………………..…….
$390,000
20.7%
Average Price per Square Foot ….…
$299
Average Price per Square Foot ….…
$380
27.1%
Properties Sold ……………………….
32
Properties Sold ……………………….
31
-3.1%
Properties Pending Sale ………………
34
Properties Pending Sale ………………
44
29.4%
Properties For Sale …………….……...
53
Properties For Sale …………….……...
78
47.2%
Days on Market (Pending Sale) ….…..
54
Days on Market (Pending Sale) ….…..
34
-37.0%
Percent Under Contract ………….……
64.15%
Percent Under Contract ………….……
56.41%
-12.1%
DOWNTOWN
SFR
Median Price ……………………..…….
$185,000
Median Price ……………………..…….
$220,000
18.9%
Average Price per Square Foot ….…
$190
Average Price per Square Foot ….…
$172
-9.5%
Properties Sold ……………………….
15
Properties Sold ……………………….
15
0.0%
Properties Pending Sale ………………
18
Properties Pending Sale ………………
16
-11.1%
Properties For Sale …………….……...
31
Properties For Sale …………….……...
42
35.5%
Days on Market (Pending Sale) ….…..
74
Days on Market (Pending Sale) ….…..
45
-39.4%
Percent Under Contract ………….……
58.06%
Percent Under Contract ………….……
38.10%
-34.4%
DOWNTOWN
CONDO
Median Price ……………………..…….
$447,500
Median Price ……………………..…….
$540,000
20.7%
Average Price per Square Foot ….…
$447
Average Price per Square Foot ….…
$520
16.3%
Properties Sold ……………………….
88
Properties Sold ……………………….
89
1.1%
Properties Pending Sale ………………
84
Properties Pending Sale ………………
102
21.4%
Properties For Sale …………….……...
180
Properties For Sale …………….……...
241
33.9%
Days on Market (Pending Sale) ….…..
55
Days on Market (Pending Sale) ….…..
60
10.4%
Percent Under Contract ………….……
46.67%
Percent Under Contract ………….……
42.32%
-9.3%
ENCINO
SFR
Median Price ……………………..…….
$825,000
Median Price ……………………..…….
$927,618
12.4%
Average Price per Square Foot ….…
$366
Average Price per Square Foot ….…
$388
6.0%
Properties Sold ……………………….
17
Properties Sold ……………………….
17
0.0%
Properties Pending Sale ………………
30
Properties Pending Sale ………………
25
-16.7%
Properties For Sale …………….……...
80
Properties For Sale …………….……...
91
13.8%
Days on Market (Pending Sale) ….…..
83
Days on Market (Pending Sale) ….…..
64
-23.2%
Percent Under Contract ………….……
37.50%
Percent Under Contract ………….……
27.47%
-26.7%
ENCINO
CONDO
Median Price ……………………..…….
$380,000
Median Price ……………………..…….
$425,000
11.8%
Average Price per Square Foot ….…
$217
Average Price per Square Foot ….…
$298
37.3%
Properties Sold ……………………….
4
Properties Sold ……………………….
5
25.0%
Properties Pending Sale ………………
8
Properties Pending Sale ………………
7
-12.5%
Properties For Sale …………….……...
19
Properties For Sale …………….……...
18
-5.3%
Days on Market (Pending Sale) ….…..
95
Days on Market (Pending Sale) ….…..
47
-50.4%
Percent Under Contract ………….……
42.11%
Percent Under Contract ………….……
38.89%
-7.6%
HANCOCK PARK-WILSHIRE
SFR
Median Price ……………………..…….
$929,000
Median Price ……………………..…….
$1,375,000
48.0%
Average Price per Square Foot ….…
$464
Average Price per Square Foot ….…
$590
27.2%
Properties Sold ……………………….
36
Properties Sold ……………………….
55
52.8%
Properties Pending Sale ………………
49
Properties Pending Sale ………………
65
32.7%
Properties For Sale …………….……...
142
Properties For Sale …………….……...
154
8.5%
Days on Market (Pending Sale) ….…..
69
Days on Market (Pending Sale) ….…..
60
-12.2%
Percent Under Contract ………….……
34.51%
Percent Under Contract ………….……
42.21%
22.3%
HOLLYWOOD
SFR
Median Price ……………………..…….
$764,998
Median Price ……………………..…….
$927,500
21.2%
Average Price per Square Foot ….…
$440
Average Price per Square Foot ….…
$562
27.7%
Properties Sold ……………………….
8
Properties Sold ……………………….
4
-50.0%
Properties Pending Sale ………………
9
Properties Pending Sale ………………
8
-11.1%
Properties For Sale …………….……...
26
Properties For Sale …………….……...
27
3.8%
Days on Market (Pending Sale) ….…..
38
Days on Market (Pending Sale) ….…..
71
84.7%
Percent Under Contract ………….……
34.62%
Percent Under Contract ………….……
29.63%
-14.4%
HOLLYWOOD
CONDO
Median Price ……………………..…….
$625,000
Median Price ……………………..…….
$557,500
-10.8%
Average Price per Square Foot ….…
$461
Average Price per Square Foot ….…
$462
0.2%
Properties Sold ……………………….
18
Properties Sold ……………………….
18
0.0%
Properties Pending Sale ………………
32
Properties Pending Sale ………………
38
18.8%
Properties For Sale …………….……...
65
Properties For Sale …………….……...
104
60.0%
Days on Market (Pending Sale) ….…..
92
Days on Market (Pending Sale) ….…..
61
-33.5%
Percent Under Contract ………….……
49.23%
Percent Under Contract ………….……
36.54%
-25.8%
HOLLYWOOD HILLS EAST
SFR
Median Price ……………………..…….
$1,021,888
Median Price ……………………..…….
$1,310,000
28.2%
Average Price per Square Foot ….…
$441
Average Price per Square Foot ….…
$560
27.0%
Properties Sold ……………………….
29
Properties Sold ……………………….
23
-20.7%
Properties Pending Sale ………………
41
Properties Pending Sale ………………
23
-43.9%
Properties For Sale …………….……...
88
Properties For Sale …………….……...
75
-14.8%
Days on Market (Pending Sale) ….…..
79
Days on Market (Pending Sale) ….…..
66
-16.8%
Percent Under Contract ………….……
46.59%
Percent Under Contract ………….……
30.67%
-34.2%
LOS FELIZ
SFR
Median Price ……………………..…….
$1,037,500
Median Price ……………………..…….
$1,062,500
2.4%
Average Price per Square Foot ….…
$506
Average Price per Square Foot ….…
$615
21.5%
Properties Sold ……………………….
50
Properties Sold ……………………….
46
-8.0%
Properties Pending Sale ………………
55
Properties Pending Sale ………………
51
-7.3%
Properties For Sale …………….……...
130
Properties For Sale …………….……...
130
0.0%
Days on Market (Pending Sale) ….…..
57
Days on Market (Pending Sale) ….…..
43
-25.0%
Percent Under Contract ………….……
42.31%
Percent Under Contract ………….……
39.23%
-7.3%
LOS FELIZ
CONDO
Median Price ……………………..…….
$421,000
Median Price ……………………..…….
$499,000
18.5%
Average Price per Square Foot ….…
$364
Average Price per Square Foot ….…
$475
30.5%
Properties Sold ……………………….
4
Properties Sold ……………………….
5
25.0%
Properties Pending Sale ………………
5
Properties Pending Sale ………………
7
40.0%
Properties For Sale …………….……...
8
Properties For Sale …………….……...
9
12.5%
Days on Market (Pending Sale) ….…..
22
Days on Market (Pending Sale) ….…..
38
75.6%
Percent Under Contract ………….……
62.50%
Percent Under Contract ………….……
77.78%
24.4%
MALIBU
SFR
Median Price ……………………..…….
$1,600,000
Median Price ……………………..…….
$1,942,500
21.4%
Average Price per Square Foot ….…
$583
Average Price per Square Foot ….…
$715
22.6%
Properties Sold ……………………….
39
Properties Sold ……………………….
30
-23.1%
Properties Pending Sale ………………
42
Properties Pending Sale ………………
42
0.0%
Properties For Sale …………….……...
238
Properties For Sale …………….……...
240
0.8%
Days on Market (Pending Sale) ….…..
130
Days on Market (Pending Sale) ….…..
150
15.7%
Percent Under Contract ………….……
17.65%
Percent Under Contract ………….……
17.50%
-0.8%
MALIBU BEACH
SFR
Median Price ……………………..…….
$8,750,000
Median Price ……………………..…….
$6,332,500
-27.6%
Average Price per Square Foot ….…
$2,469
Average Price per Square Foot ….…
$2,394
-3.0%
Properties Sold ……………………….
10
Properties Sold ……………………….
10
0.0%
Properties Pending Sale ………………
16
Properties Pending Sale ………………
10
-37.5%
Properties For Sale …………….……...
103
Properties For Sale …………….……...
95
-7.8%
Days on Market (Pending Sale) ….…..
143
Days on Market (Pending Sale) ….…..
202
41.1%
Percent Under Contract ………….……
15.53%
Percent Under Contract ………….……
10.53%
-32.2%
MARINA DEL REY
SFR
Median Price ……………………..…….
$1,667,500
Median Price ……………………..…….
$1,715,000
2.8%
Average Price per Square Foot ….…
$559
Average Price per Square Foot ….…
$535
-4.3%
Properties Sold ……………………….
10
Properties Sold ……………………….
11
10.0%
Properties Pending Sale ………………
16
Properties Pending Sale ………………
21
31.2%
Properties For Sale …………….……...
36
Properties For Sale …………….……...
43
19.4%
Days on Market (Pending Sale) ….…..
72
Days on Market (Pending Sale) ….…..
51
-29.0%
Percent Under Contract ………….……
44.44%
Percent Under Contract ………….……
48.84%
9.9%
MARINA DEL REY
CONDO
Median Price ……………………..…….
$608,250
Median Price ……………………..…….
$719,900
18.4%
Average Price per Square Foot ….…
$459
Average Price per Square Foot ….…
$521
13.5%
Properties Sold ……………………….
56
Properties Sold ……………………….
59
5.4%
Properties Pending Sale ………………
62
Properties Pending Sale ………………
69
11.3%
Properties For Sale …………….……...
173
Properties For Sale …………….……...
203
17.3%
Days on Market (Pending Sale) ….…..
79
Days on Market (Pending Sale) ….…..
69
-12.8%
Percent Under Contract ………….……
35.84%
Percent Under Contract ………….……
33.99%
-5.2%
MID LOS ANGELES
SFR
Median Price ……………………..…….
$368,250
Median Price ……………………..…….
$460,000
24.9%
Average Price per Square Foot ….…
$241
Average Price per Square Foot ….…
$308
27.8%
Properties Sold ……………………….
50
Properties Sold ……………………….
45
-10.0%
Properties Pending Sale ………………
58
Properties Pending Sale ………………
50
-13.8%
Properties For Sale …………….……...
98
Properties For Sale …………….……...
118
20.4%
Days on Market (Pending Sale) ….…..
46
Days on Market (Pending Sale) ….…..
54
17.3%
Percent Under Contract ………….……
59.18%
Percent Under Contract ………….……
42.37%
-28.4%
MID WILSHIRE
SFR
Median Price ……………………..…….
$445,000
Median Price ……………………..…….
$545,000
22.5%
Average Price per Square Foot ….…
$261
Average Price per Square Foot ….…
$387
48.3%
Properties Sold ……………………….
7
Properties Sold ……………………….
1
-85.7%
Properties Pending Sale ………………
7
Properties Pending Sale ………………
4
-42.9%
Properties For Sale …………….……...
28
Properties For Sale …………….……...
19
-32.1%
Days on Market (Pending Sale) ….…..
58
Days on Market (Pending Sale) ….…..
9
-84.0%
Percent Under Contract ………….……
25.00%
Percent Under Contract ………….……
21.05%
-15.8%
PACIFIC PALISADES
SFR
Median Price ……………………..…….
$2,359,000
Median Price ……………………..…….
$2,768,950
17.4%
Average Price per Square Foot ….…
$872
Average Price per Square Foot ….…
$882
1.1%
Properties Sold ……………………….
51
Properties Sold ……………………….
58
13.7%
Properties Pending Sale ………………
71
Properties Pending Sale ………………
77
8.5%
Properties For Sale …………….……...
173
Properties For Sale …………….……...
189
9.2%
Days on Market (Pending Sale) ….…..
75
Days on Market (Pending Sale) ….…..
56
-25.1%
Percent Under Contract ………….……
41.04%
Percent Under Contract ………….……
40.74%
-0.7%
PALMS – MAR VISTA
SFR
Median Price ……………………..…….
$833,000
Median Price ……………………..…….
$1,125,000
35.1%
Average Price per Square Foot ….…
$556
Average Price per Square Foot ….…
$611
9.9%
Properties Sold ……………………….
59
Properties Sold ……………………….
53
-10.2%
Properties Pending Sale ………………
68
Properties Pending Sale ………………
67
-1.5%
Properties For Sale …………….……...
119
Properties For Sale …………….……...
112
-5.9%
Days on Market (Pending Sale) ….…..
50
Days on Market (Pending Sale) ….…..
33
-34.7%
Percent Under Contract ………….……
57.14%
Percent Under Contract ………….……
59.82%
4.7%
SANTA MONICA
SFR
Median Price ……………………..…….
$1,600,000
Median Price ……………………..…….
$1,939,500
21.2%
Average Price per Square Foot ….…
$896
Average Price per Square Foot ….…
$934
4.2%
Properties Sold ……………………….
39
Properties Sold ……………………….
34
-12.8%
Properties Pending Sale ………………
53
Properties Pending Sale ………………
50
-5.7%
Properties For Sale …………….……...
126
Properties For Sale …………….……...
121
-4.0%
Days on Market (Pending Sale) ….…..
57
Days on Market (Pending Sale) ….…..
54
-5.5%
Percent Under Contract ………….……
42.06%
Percent Under Contract ………….……
41.32%
-1.8%
SANTA MONICA
CONDO
Median Price ……………………..…….
$725,000
Median Price ……………………..…….
$730,000
0.7%
Average Price per Square Foot ….…
$673
Average Price per Square Foot ….…
$712
5.8%
Properties Sold ……………………….
77
Properties Sold ……………………….
69
-10.4%
Properties Pending Sale ………………
112
Properties Pending Sale ………………
115
2.7%
Properties For Sale …………….……...
180
Properties For Sale …………….……...
214
18.9%
Days on Market (Pending Sale) ….…..
63
Days on Market (Pending Sale) ….…..
55
-13.3%
Percent Under Contract ………….……
62.22%
Percent Under Contract ………….……
53.74%
-13.6%
SHERMAN OAKS
SFR
Median Price ……………………..…….
$789,000
Median Price ……………………..…….
$920,000
16.7%
Average Price per Square Foot ….…
$406
Average Price per Square Foot ….…
$431
6.2%
Properties Sold ……………………….
31
Properties Sold ……………………….
48
54.8%
Properties Pending Sale ………………
44
Properties Pending Sale ………………
56
27.3%
Properties For Sale …………….……...
100
Properties For Sale …………….……...
135
35.0%
Days on Market (Pending Sale) ….…..
58
Days on Market (Pending Sale) ….…..
50
-12.3%
Percent Under Contract ………….……
44.00%
Percent Under Contract ………….……
41.48%
-5.7%
SHERMAN OAKS
CONDO
Median Price ……………………..…….
$316,500
Median Price ……………………..…….
$426,000
34.6%
Average Price per Square Foot ….…
$249
Average Price per Square Foot ….…
$316
26.9%
Properties Sold ……………………….
16
Properties Sold ……………………….
17
6.2%
Properties Pending Sale ………………
16
Properties Pending Sale ………………
21
31.2%
Properties For Sale …………….……...
27
Properties For Sale …………….……...
51
88.9%
Days on Market (Pending Sale) ….…..
116
Days on Market (Pending Sale) ….…..
29
-75.3%
Percent Under Contract ………….……
59.26%
Percent Under Contract ………….……
41.18%
-30.5%
SILVER LAKE – ECHO PARK
SFR
Median Price ……………………..…….
$639,000
Median Price ……………………..…….
$823,500
28.9%
Average Price per Square Foot ….…
$440
Average Price per Square Foot ….…
$538
22.3%
Properties Sold ……………………….
59
Properties Sold ……………………….
40
-32.2%
Properties Pending Sale ………………
67
Properties Pending Sale ………………
62
-7.5%
Properties For Sale …………….……...
106
Properties For Sale …………….……...
115
8.5%
Days on Market (Pending Sale) ….…..
54
Days on Market (Pending Sale) ….…..
39
-27.9%
Percent Under Contract ………….……
63.21%
Percent Under Contract ………….……
53.91%
-14.7%
STUDIO CITY
SFR
Median Price ……………………..…….
$1,170,000
Median Price ……………………..…….
$1,275,000
9.0%
Average Price per Square Foot ….…
$443
Average Price per Square Foot ….…
$497
12.2%
Properties Sold ……………………….
33
Properties Sold ……………………….
29
-12.1%
Properties Pending Sale ………………
34
Properties Pending Sale ………………
33
-2.9%
Properties For Sale …………….……...
71
Properties For Sale …………….……...
94
32.4%
Days on Market (Pending Sale) ….…..
55
Days on Market (Pending Sale) ….…..
60
9.5%
Percent Under Contract ………….……
47.89%
Percent Under Contract ………….……
35.11%
-26.7%
STUDIO CITY
CONDO
Median Price ……………………..…….
$449,500
Median Price ……………………..…….
$565,000
25.7%
Average Price per Square Foot ….…
$358
Average Price per Square Foot ….…
$382
6.7%
Properties Sold ……………………….
10
Properties Sold ……………………….
12
20.0%
Properties Pending Sale ………………
12
Properties Pending Sale ………………
17
41.7%
Properties For Sale …………….……...
28
Properties For Sale …………….……...
48
71.4%
Days on Market (Pending Sale) ….…..
78
Days on Market (Pending Sale) ….…..
41
-47.9%
Percent Under Contract ………….……
42.86%
Percent Under Contract ………….……
35.42%
-17.4%
SUNSET STRIP – HOLLYWOOD HILLS WEST
SFR
Median Price ……………………..…….
$1,425,000
Median Price ……………………..…….
$1,617,500
13.5%
Average Price per Square Foot ….…
$675
Average Price per Square Foot ….…
$748
10.8%
Properties Sold ……………………….
87
Properties Sold ……………………….
89
2.3%
Properties Pending Sale ………………
104
Properties Pending Sale ………………
114
9.6%
Properties For Sale …………….……...
326
Properties For Sale …………….……...
368
12.9%
Days on Market (Pending Sale) ….…..
89
Days on Market (Pending Sale) ….…..
81
-8.9%
Percent Under Contract ………….……
31.90%
Percent Under Contract ………….……
30.98%
-2.9%
SUNSET STRIP – HOLLYWOOD HILLS WEST
CONDO
Median Price ……………………..…….
$402,500
Median Price ……………………..…….
$513,750
27.6%
Average Price per Square Foot ….…
$592
Average Price per Square Foot ….…
$616
4.1%
Properties Sold ……………………….
24
Properties Sold ……………………….
14
-41.7%
Properties Pending Sale ………………
21
Properties Pending Sale ………………
19
-9.5%
Properties For Sale …………….……...
43
Properties For Sale …………….……...
51
18.6%
Days on Market (Pending Sale) ….…..
61
Days on Market (Pending Sale) ….…..
60
-1.4%
Percent Under Contract ………….……
48.84%
Percent Under Contract ………….……
37.25%
-23.7%
TOPANGA
SFR
Median Price ……………………..…….
$760,000
Median Price ……………………..…….
$825,000
8.6%
Average Price per Square Foot ….…
$460
Average Price per Square Foot ….…
$553
20.2%
Properties Sold ……………………….
17
Properties Sold ……………………….
17
0.0%
Properties Pending Sale ………………
24
Properties Pending Sale ………………
27
12.5%
Properties For Sale …………….……...
81
Properties For Sale …………….……...
75
-7.4%
Days on Market (Pending Sale) ….…..
112
Days on Market (Pending Sale) ….…..
59
-47.5%
Percent Under Contract ………….……
29.63%
Percent Under Contract ………….……
36.00%
21.5%
VENICE
SFR
Median Price ……………………..…….
$1,245,000
Median Price ……………………..…….
$1,355,000
8.8%
Average Price per Square Foot ….…
$808
Average Price per Square Foot ….…
$948
17.3%
Properties Sold ……………………….
38
Properties Sold ……………………….
42
10.5%
Properties Pending Sale ………………
45
Properties Pending Sale ………………
47
4.4%
Properties For Sale …………….……...
109
Properties For Sale …………….……...
97
-11.0%
Days on Market (Pending Sale) ….…..
48
Days on Market (Pending Sale) ….…..
48
0.2%
Percent Under Contract ………….……
41.28%
Percent Under Contract ………….……
48.45%
17.4%
VENICE
CONDO
Median Price ……………………..…….
$1,387,500
Median Price ……………………..…….
$1,054,500
-24.0%
Average Price per Square Foot ….…
$731
Average Price per Square Foot ….…
$724
-1.0%
Properties Sold ……………………….
4
Properties Sold ……………………….
8
100.0%
Properties Pending Sale ………………
8
Properties Pending Sale ………………
12
50.0%
Properties For Sale …………….……...
21
Properties For Sale …………….……...
20
-4.8%
Days on Market (Pending Sale) ….…..
118
Days on Market (Pending Sale) ….…..
63
-46.6%
Percent Under Contract ………….……
38.10%
Percent Under Contract ………….……
60.00%
57.5%
WEST HOLLYWOOD
SFR
Median Price ……………………..…….
$1,300,000
Median Price ……………………..…….
$1,077,884
-17.1%
Average Price per Square Foot ….…
$712
Average Price per Square Foot ….…
$660
-7.3%
Properties Sold ……………………….
29
Properties Sold ……………………….
29
0.0%
Properties Pending Sale ………………
37
Properties Pending Sale ………………
29
-21.6%
Properties For Sale …………….……...
72
Properties For Sale …………….……...
65
-9.7%
Days on Market (Pending Sale) ….…..
72
Days on Market (Pending Sale) ….…..
62
-14.7%
Percent Under Contract ………….……
51.39%
Percent Under Contract ………….……
44.62%
-13.2%
WEST HOLLYWOOD
CONDO
Median Price ……………………..…….
$540,000
Median Price ……………………..…….
$630,000
16.7%
Average Price per Square Foot ….…
$457
Average Price per Square Foot ….…
$555
21.4%
Properties Sold ……………………….
75
Properties Sold ……………………….
71
-5.3%
Properties Pending Sale ………………
82
Properties Pending Sale ………………
91
11.0%
Properties For Sale …………….……...
182
Properties For Sale …………….……...
203
11.5%
Days on Market (Pending Sale) ….…..
47
Days on Market (Pending Sale) ….…..
45
-4.5%
Percent Under Contract ………….……
45.05%
Percent Under Contract ………….……
44.83%
-0.5%
WEST LOS ANGELES
SFR
Median Price ……………………..…….
$699,500
Median Price ……………………..…….
$820,000
17.2%
Average Price per Square Foot ….…
$465
Average Price per Square Foot ….…
$575
23.7%
Properties Sold ……………………….
26
Properties Sold ……………………….
15
-42.3%
Properties Pending Sale ………………
26
Properties Pending Sale ………………
18
-30.8%
Properties For Sale …………….……...
39
Properties For Sale …………….……...
39
0.0%
Days on Market (Pending Sale) ….…..
60
Days on Market (Pending Sale) ….…..
27
-55.5%
Percent Under Contract ………….……
66.67%
Percent Under Contract ………….……
46.15%
-30.8%
WESTCHESTER
SFR
Median Price ……………………..…….
$710,000
Median Price ……………………..…….
$892,500
25.7%
Average Price per Square Foot ….…
$405
Average Price per Square Foot ….…
$466
15.1%
Properties Sold ……………………….
41
Properties Sold ……………………….
36
-12.2%
Properties Pending Sale ………………
52
Properties Pending Sale ………………
46
-11.5%
Properties For Sale …………….……...
87
Properties For Sale …………….……...
87
0.0%
Days on Market (Pending Sale) ….…..
57
Days on Market (Pending Sale) ….…..
29
-49.2%
Percent Under Contract ………….……
59.77%
Percent Under Contract ………….……
52.87%
-11.5%
WESTCHESTER
CONDO
Median Price ……………………..…….
$276,000
Median Price ……………………..…….
$474,500
71.9%
Average Price per Square Foot ….…
$271
Average Price per Square Foot ….…
$379
39.9%
Properties Sold ……………………….
5
Properties Sold ……………………….
4
-20.0%
Properties Pending Sale ………………
6
Properties Pending Sale ………………
5
-16.7%
Properties For Sale …………….……...
9
Properties For Sale …………….……...
15
66.7%
Days on Market (Pending Sale) ….…..
142
Days on Market (Pending Sale) ….…..
48
-65.8%
Percent Under Contract ………….……
66.67%
Percent Under Contract ………….……
33.33%
-50.0%
WESTWOOD – CENTURY CITY
SFR
Median Price ……………………..…….
$1,250,000
Median Price ……………………..…….
$1,750,000
40.0%
Average Price per Square Foot ….…
$630
Average Price per Square Foot ….…
$732
16.2%
Properties Sold ……………………….
19
Properties Sold ……………………….
23
21.1%
Properties Pending Sale ………………
38
Properties Pending Sale ………………
31
-18.4%
Properties For Sale …………….……...
71
Properties For Sale …………….……...
68
-4.2%
Days on Market (Pending Sale) ….…..
34
Days on Market (Pending Sale) ….…..
43
29.1%
Percent Under Contract ………….……
53.52%
Percent Under Contract ………….……
45.59%
-14.8%
WESTWOOD – CENTURY CITY
CONDO
Median Price ……………………..…….
$629,638
Median Price ……………………..…….
$742,000
17.8%
Average Price per Square Foot ….…
$477
Average Price per Square Foot ….…
$622
30.4%
Properties Sold ……………………….
98
Properties Sold ……………………….
113
15.3%
Properties Pending Sale ………………
131
Properties Pending Sale ………………
138
5.3%
Properties For Sale …………….……...
356
Properties For Sale …………….……...
419
17.7%
Days on Market (Pending Sale) ….…..
78
Days on Market (Pending Sale) ….…..
81
3.8%
Percent Under Contract ………….……
36.80%
Percent Under Contract ………….……
32.94%
-10.5%
Glossary of Terms Median Price: A value that separates the upper half of prices from the lower half of prices. It can be interpreted like an average, however the extreme prices (high and low) don’t hold undue. Average Price per Square Foot: The price per each property divided by their respective square footage then averaged across all properties sold in the area for a given time period. Properties Sold: The number of property transactions that closed and transferred ownership. Properties Pending Sale: The number of properties that entered escrow in preparation for sale.
Properties For Sale: The number of properties on the market and seeking buyers. Days on Market (Pending Sale): The number of days that properties currently in escrow were on the market. Absorption Rate: The rate at which the inventory of home for sale are being sold. Percent Under Contract: The ratio of properties to properties sale.
Disclaimer The Market Within A Market Report is brought to you by Regional Marketing Director, Michael Lewis. Information obtained from Broker Metrics and DataQuick. Broker Metrics and DataQuick statistics are subject to change due to individual real estate company reporting disciplines. The information provided herein is from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it.