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 ……………………..…….
$1,975,000
Median Price ……………………..…….
$2,385,000
20.8%
Average Price per Square Foot ….…
$855
Average Price per Square Foot ….…
$990
15.8%
Properties Sold ……………………….
39
Properties Sold ……………………….
45
15.4%
Properties Pending Sale ………………
35
Properties Pending Sale ………………
42
20.0%
Properties For Sale …………….……...
163
Properties For Sale …………….……...
170
4.3%
Days on Market (Pending Sale) ….…..
151
Days on Market (Pending Sale) ….…..
92
-38.9%
Percent Under Contract ………….……
21.47%
Percent Under Contract ………….……
24.71%
15.1%
BEVERLY CENTER – MIRACLE MILE
SFR
Median Price ……………………..…….
$1,218,000
Median Price ……………………..…….
$1,380,000
13.3%
Average Price per Square Foot ….…
$585
Average Price per Square Foot ….…
$656
12.1%
Properties Sold ……………………….
42
Properties Sold ……………………….
39
-7.1%
Properties Pending Sale ………………
47
Properties Pending Sale ………………
56
19.1%
Properties For Sale …………….……...
115
Properties For Sale …………….……...
110
-4.3%
Days on Market (Pending Sale) ….…..
49
Days on Market (Pending Sale) ….…..
51
4.8%
Percent Under Contract ………….……
40.87%
Percent Under Contract ………….……
50.94%
24.6%
BEVERLY CENTER – MIRACLE MILE
CONDO
Median Price ……………………..…….
$584,500
Median Price ……………………..…….
$679,250
16.2%
Average Price per Square Foot ….…
$537
Average Price per Square Foot ….…
$506
-5.8%
Properties Sold ……………………….
18
Properties Sold ……………………….
24
33.3%
Properties Pending Sale ………………
25
Properties Pending Sale ………………
29
16.0%
Properties For Sale …………….……...
53
Properties For Sale …………….……...
59
11.3%
Days on Market (Pending Sale) ….…..
79
Days on Market (Pending Sale) ….…..
57
-28.6%
Percent Under Contract ………….……
47.17%
Percent Under Contract ………….……
49.15%
4.2%
BEVERLY HILLS
SFR
Median Price ……………………..…….
$5,325,000
Median Price ……………………..…….
$4,700,000
-11.7%
Average Price per Square Foot ….…
$1,202
Average Price per Square Foot ….…
$1,536
27.8%
Properties Sold ……………………….
33
Properties Sold ……………………….
34
3.0%
Properties Pending Sale ………………
45
Properties Pending Sale ………………
48
6.7%
Properties For Sale …………….……...
153
Properties For Sale …………….……...
144
-5.9%
Days on Market (Pending Sale) ….…..
82
Days on Market (Pending Sale) ….…..
75
-8.0%
Percent Under Contract ………….……
29.41%
Percent Under Contract ………….……
33.33%
13.3%
BEVERLY HILLS
CONDO
Median Price ……………………..…….
$1,225,000
Median Price ……………………..…….
$1,170,000
-4.5%
Average Price per Square Foot ….…
$713
Average Price per Square Foot ….…
$669
-6.2%
Properties Sold ……………………….
23
Properties Sold ……………………….
32
39.1%
Properties Pending Sale ………………
28
Properties Pending Sale ………………
37
32.1%
Properties For Sale …………….……...
87
Properties For Sale …………….……...
90
3.4%
Days on Market (Pending Sale) ….…..
68
Days on Market (Pending Sale) ….…..
96
42.2%
Percent Under Contract ………….……
32.18%
Percent Under Contract ………….……
41.11%
27.7%
BEVERLY HILLS P.O.
SFR
Median Price ……………………..…….
$2,415,000
Median Price ……………………..…….
$1,734,000
-28.2%
Average Price per Square Foot ….…
$818
Average Price per Square Foot ….…
$731
-10.6%
Properties Sold ……………………….
34
Properties Sold ……………………….
28
-17.6%
Properties Pending Sale ………………
43
Properties Pending Sale ………………
41
-4.7%
Properties For Sale …………….……...
185
Properties For Sale …………….……...
206
11.4%
Days on Market (Pending Sale) ….…..
100
Days on Market (Pending Sale) ….…..
94
-5.3%
Percent Under Contract ………….……
23.24%
Percent Under Contract ………….……
19.90%
-14.4%
BEVERLYWOOD
SFR
Median Price ……………………..…….
$847,500
Median Price ……………………..…….
$895,000
5.6%
Average Price per Square Foot ….…
$528
Average Price per Square Foot ….…
$592
12.1%
Properties Sold ……………………….
42
Properties Sold ……………………….
45
7.1%
Properties Pending Sale ………………
54
Properties Pending Sale ………………
52
-3.7%
Properties For Sale …………….……...
131
Properties For Sale …………….……...
86
-34.4%
Days on Market (Pending Sale) ….…..
49
Days on Market (Pending Sale) ….…..
45
-8.2%
Percent Under Contract ………….……
41.22%
Percent Under Contract ………….……
60.47%
46.7%
BRENTWOOD
SFR
Median Price ……………………..…….
$2,530,000
Median Price ……………………..…….
$2,800,000
10.7%
Average Price per Square Foot ….…
$957
Average Price per Square Foot ….…
$876
-8.5%
Properties Sold ……………………….
33
Properties Sold ……………………….
33
0.0%
Properties Pending Sale ………………
47
Properties Pending Sale ………………
51
8.5%
Properties For Sale …………….……...
171
Properties For Sale …………….……...
168
-1.8%
Days on Market (Pending Sale) ….…..
67
Days on Market (Pending Sale) ….…..
52
-23.3%
Percent Under Contract ………….……
27.49%
Percent Under Contract ………….……
30.36%
10.4%
BRENTWOOD
CONDO
Median Price ……………………..…….
$738,000
Median Price ……………………..…….
$735,000
-0.4%
Average Price per Square Foot ….…
$515
Average Price per Square Foot ….…
$538
4.5%
Properties Sold ……………………….
35
Properties Sold ……………………….
41
17.1%
Properties Pending Sale ………………
49
Properties Pending Sale ………………
47
-4.1%
Properties For Sale …………….……...
129
Properties For Sale …………….……...
109
-15.5%
Days on Market (Pending Sale) ….…..
62
Days on Market (Pending Sale) ….…..
64
4.2%
Percent Under Contract ………….……
37.98%
Percent Under Contract ………….……
43.12%
13.5%
BURBANK
SFR
Median Price ……………………..…….
$635,000
Median Price ……………………..…….
$649,500
2.3%
Average Price per Square Foot ….…
$405
Average Price per Square Foot ….…
$427
5.4%
Properties Sold ……………………….
136
Properties Sold ……………………….
108
-20.6%
Properties Pending Sale ………………
148
Properties Pending Sale ………………
150
1.4%
Properties For Sale …………….……...
278
Properties For Sale …………….……...
280
0.7%
Days on Market (Pending Sale) ….…..
54
Days on Market (Pending Sale) ….…..
43
-20.0%
Percent Under Contract ………….……
53.24%
Percent Under Contract ………….……
53.57%
0.6%
BURBANK
CONDO
Median Price ……………………..…….
$415,000
Median Price ……………………..…….
$459,750
10.8%
Average Price per Square Foot ….…
$329
Average Price per Square Foot ….…
$336
2.1%
Properties Sold ……………………….
30
Properties Sold ……………………….
28
-6.7%
Properties Pending Sale ………………
39
Properties Pending Sale ………………
39
0.0%
Properties For Sale …………….……...
95
Properties For Sale …………….……...
71
-25.3%
Days on Market (Pending Sale) ….…..
60
Days on Market (Pending Sale) ….…..
62
3.5%
Percent Under Contract ………….……
41.05%
Percent Under Contract ………….……
54.93%
33.8%
CALABASAS
SFR
Median Price ……………………..…….
$1,350,000
Median Price ……………………..…….
$1,199,000
-11.2%
Average Price per Square Foot ….…
$398
Average Price per Square Foot ….…
$430
8.0%
Properties Sold ……………………….
43
Properties Sold ……………………….
43
0.0%
Properties Pending Sale ………………
52
Properties Pending Sale ………………
61
17.3%
Properties For Sale …………….……...
187
Properties For Sale …………….……...
196
4.8%
Days on Market (Pending Sale) ….…..
87
Days on Market (Pending Sale) ….…..
75
-13.3%
Percent Under Contract ………….……
27.81%
Percent Under Contract ………….……
31.12%
11.9%
CALABASAS
CONDO
Median Price ……………………..…….
$416,000
Median Price ……………………..…….
$402,000
-3.4%
Average Price per Square Foot ….…
$312
Average Price per Square Foot ….…
$340
9.0%
Properties Sold ……………………….
5
Properties Sold ……………………….
15
200.0%
Properties Pending Sale ………………
9
Properties Pending Sale ………………
18
100.0%
Properties For Sale …………….……...
17
Properties For Sale …………….……...
24
41.2%
Days on Market (Pending Sale) ….…..
78
Days on Market (Pending Sale) ….…..
69
-11.5%
Percent Under Contract ………….……
52.94%
Percent Under Contract ………….……
75.00%
41.7%
CHEVIOT HILLS-RANCH PARK
SFR
Median Price ……………………..…….
$1,951,800
Median Price ……………………..…….
$1,455,000
-25.5%
Average Price per Square Foot ….…
$625
Average Price per Square Foot ….…
$724
15.8%
Properties Sold ……………………….
11
Properties Sold ……………………….
19
72.7%
Properties Pending Sale ………………
16
Properties Pending Sale ………………
16
0.0%
Properties For Sale …………….……...
33
Properties For Sale …………….……...
32
-3.0%
Days on Market (Pending Sale) ….…..
30
Days on Market (Pending Sale) ….…..
54
79.8%
Percent Under Contract ………….……
48.48%
Percent Under Contract ………….……
50.00%
3.1%
CULVER CITY
SFR
Median Price ……………………..…….
$740,000
Median Price ……………………..…….
$950,000
28.4%
Average Price per Square Foot ….…
$520
Average Price per Square Foot ….…
$601
15.6%
Properties Sold ……………………….
31
Properties Sold ……………………….
42
35.5%
Properties Pending Sale ………………
48
Properties Pending Sale ………………
56
16.7%
Properties For Sale …………….……...
85
Properties For Sale …………….……...
97
14.1%
Days on Market (Pending Sale) ….…..
51
Days on Market (Pending Sale) ….…..
42
-17.7%
Percent Under Contract ………….……
56.47%
Percent Under Contract ………….……
57.73%
2.2%
CULVER CITY
CONDO
Median Price ……………………..…….
$385,500
Median Price ……………………..…….
$420,000
8.9%
Average Price per Square Foot ….…
$379
Average Price per Square Foot ….…
$399
5.3%
Properties Sold ……………………….
28
Properties Sold ……………………….
53
89.3%
Properties Pending Sale ………………
40
Properties Pending Sale ………………
66
65.0%
Properties For Sale …………….……...
82
Properties For Sale …………….……...
94
14.6%
Days on Market (Pending Sale) ….…..
50
Days on Market (Pending Sale) ….…..
37
-24.7%
Percent Under Contract ………….……
48.78%
Percent Under Contract ………….……
70.21%
43.9%
DOWNTOWN
SFR
Median Price ……………………..…….
$235,000
Median Price ……………………..…….
$307,000
30.6%
Average Price per Square Foot ….…
$183
Average Price per Square Foot ….…
$239
30.6%
Properties Sold ……………………….
30
Properties Sold ……………………….
28
-6.7%
Properties Pending Sale ………………
25
Properties Pending Sale ………………
36
44.0%
Properties For Sale …………….……...
96
Properties For Sale …………….……...
80
-16.7%
Days on Market (Pending Sale) ….…..
53
Days on Market (Pending Sale) ….…..
60
11.6%
Percent Under Contract ………….……
26.04%
Percent Under Contract ………….……
45.00%
72.8%
DOWNTOWN
CONDO
Median Price ……………………..…….
$514,000
Median Price ……………………..…….
$560,000
8.9%
Average Price per Square Foot ….…
$508
Average Price per Square Foot ….…
$586
15.4%
Properties Sold ……………………….
112
Properties Sold ……………………….
101
-9.8%
Properties Pending Sale ………………
126
Properties Pending Sale ………………
147
16.7%
Properties For Sale …………….……...
305
Properties For Sale …………….……...
191
-4.6%
Days on Market (Pending Sale) ….…..
71
Days on Market (Pending Sale) ….…..
56
-21.3%
Percent Under Contract ………….……
41.31%
Percent Under Contract ………….……
50.52%
22.3%
ENCINO
SFR
Median Price ……………………..…….
$1,099,500
Median Price ……………………..…….
$1,005,500
-8.5%
Average Price per Square Foot ….…
$407
Average Price per Square Foot ….…
$436
7.1%
Properties Sold ……………………….
82
Properties Sold ……………………….
84
2.4%
Properties Pending Sale ………………
87
Properties Pending Sale ………………
131
50.6%
Properties For Sale …………….……...
311
Properties For Sale …………….……...
349
12.2%
Days on Market (Pending Sale) ….…..
67
Days on Market (Pending Sale) ….…..
49
-26.9%
Percent Under Contract ………….……
27.97%
Percent Under Contract ………….……
37.54%
34.2%
ENCINO
CONDO
Median Price ……………………..…….
$391,000
Median Price ……………………..…….
$317,000
-18.9%
Average Price per Square Foot ….…
$278
Average Price per Square Foot ….…
$279
0.4%
Properties Sold ……………………….
24
Properties Sold ……………………….
38
58.3%
Properties Pending Sale ………………
27
Properties Pending Sale ………………
42
55.6%
Properties For Sale …………….……...
79
Properties For Sale …………….……...
113
43.0%
Days on Market (Pending Sale) ….…..
60
Days on Market (Pending Sale) ….…..
60
0.0%
Percent Under Contract ………….……
34.18%
Percent Under Contract ………….……
37.17%
8.8%
HANCOCK PARK-WILSHIRE
SFR
Median Price ……………………..…….
$1,243,500
Median Price ……………………..…….
$1,260,000
1.3%
Average Price per Square Foot ….…
$586
Average Price per Square Foot ….…
$602
2.7%
Properties Sold ……………………….
62
Properties Sold ……………………….
61
-1.6%
Properties Pending Sale ………………
65
Properties Pending Sale ………………
79
21.5%
Properties For Sale …………….……...
196
Properties For Sale …………….……...
180
-8.2%
Days on Market (Pending Sale) ….…..
65
Days on Market (Pending Sale) ….…..
42
-35.7%
Percent Under Contract ………….……
33.16%
Percent Under Contract ………….……
43.89%
32.3%
HOLLYWOOD
SFR
Median Price ……………………..…….
$800,000
Median Price ……………………..…….
$998,212
24.8%
Average Price per Square Foot ….…
$546
Average Price per Square Foot ….…
$681
24.7%
Properties Sold ……………………….
9
Properties Sold ……………………….
20
122.2%
Properties Pending Sale ………………
17
Properties Pending Sale ………………
22
29.4%
Properties For Sale …………….……...
62
Properties For Sale …………….……...
72
16.1%
Days on Market (Pending Sale) ….…..
71
Days on Market (Pending Sale) ….…..
48
-32.2%
Percent Under Contract ………….……
27.42%
Percent Under Contract ………….……
30.56%
11.4%
HOLLYWOOD
CONDO
Median Price ……………………..…….
$560,000
Median Price ……………………..…….
$610,000
8.9%
Average Price per Square Foot ….…
$454
Average Price per Square Foot ….…
$555
22.2%
Properties Sold ……………………….
19
Properties Sold ……………………….
19
0.0%
Properties Pending Sale ………………
35
Properties Pending Sale ………………
26
-25.7%
Properties For Sale …………….……...
103
Properties For Sale …………….……...
62
-39.8%
Days on Market (Pending Sale) ….…..
59
Days on Market (Pending Sale) ….…..
53
-10.3%
Percent Under Contract ………….……
33.98%
Percent Under Contract ………….……
41.94%
23.4%
HOLLYWOOD HILLS EAST
SFR
Median Price ……………………..…….
$1,255,000
Median Price ……………………..…….
$1,135,000
-9.6%
Average Price per Square Foot ….…
$537
Average Price per Square Foot ….…
$536
-0.2%
Properties Sold ……………………….
27
Properties Sold ……………………….
26
-3.7%
Properties Pending Sale ………………
29
Properties Pending Sale ………………
40
37.9%
Properties For Sale …………….……...
101
Properties For Sale …………….……...
93
-7.9%
Days on Market (Pending Sale) ….…..
80
Days on Market (Pending Sale) ….…..
85
6.4%
Percent Under Contract ………….……
28.71%
Percent Under Contract ………….……
43.01%
49.8%
LOS FELIZ
SFR
Median Price ……………………..…….
$1,005,000
Median Price ……………………..…….
$1,350,000
34.3%
Average Price per Square Foot ….…
$604
Average Price per Square Foot ….…
$598
-1.0%
Properties Sold ……………………….
54
Properties Sold ……………………….
47
-13.0%
Properties Pending Sale ………………
58
Properties Pending Sale ………………
60
3.4%
Properties For Sale …………….……...
165
Properties For Sale …………….……...
126
-23.6%
Days on Market (Pending Sale) ….…..
46
Days on Market (Pending Sale) ….…..
56
21.2%
Percent Under Contract ………….……
35.15%
Percent Under Contract ………….……
47.62%
35.5%
LOS FELIZ
CONDO
Median Price ……………………..…….
$499,000
Median Price ……………………..…….
$494,500
-0.9%
Average Price per Square Foot ….…
$475
Average Price per Square Foot ….…
$531
11.8%
Properties Sold ……………………….
5
Properties Sold ……………………….
12
140.0%
Properties Pending Sale ………………
8
Properties Pending Sale ………………
10
25.0%
Properties For Sale …………….……...
10
Properties For Sale …………….……...
16
60.0%
Days on Market (Pending Sale) ….…..
40
Days on Market (Pending Sale) ….…..
28
-30.9%
Percent Under Contract ………….……
80.00%
Percent Under Contract ………….……
62.50%
-21.9%
MALIBU
SFR
Median Price ……………………..…….
$1,870,000
Median Price ……………………..…….
$2,084,625
11.5%
Average Price per Square Foot ….…
$675
Average Price per Square Foot ….…
$688
1.9%
Properties Sold ……………………….
37
Properties Sold ……………………….
39
5.4%
Properties Pending Sale ………………
43
Properties Pending Sale ………………
45
4.7%
Properties For Sale …………….……...
268
Properties For Sale …………….……...
250
-6.7%
Days on Market (Pending Sale) ….…..
163
Days on Market (Pending Sale) ….…..
145
-11.2%
Percent Under Contract ………….……
16.04%
Percent Under Contract ………….……
18.00%
12.2%
MALIBU BEACH
SFR
Median Price ……………………..…….
$6,300,000
Median Price ……………………..…….
$3,850,000
-38.9%
Average Price per Square Foot ….…
$2,302
Average Price per Square Foot ….…
$1,909
-17.1%
Properties Sold ……………………….
11
Properties Sold ……………………….
7
-36.4%
Properties Pending Sale ………………
10
Properties Pending Sale ………………
8
-20.0%
Properties For Sale …………….……...
105
Properties For Sale …………….……...
95
-9.5%
Days on Market (Pending Sale) ….…..
191
Days on Market (Pending Sale) ….…..
224
17.5%
Percent Under Contract ………….……
9.52%
Percent Under Contract ………….……
8.42%
-11.6%
MARINA DEL REY
SFR
Median Price ……………………..…….
$1,670,000
Median Price ……………………..…….
$2,150,000
28.7%
Average Price per Square Foot ….…
$533
Average Price per Square Foot ….…
$630
18.2%
Properties Sold ……………………….
12
Properties Sold ……………………….
15
25.0%
Properties Pending Sale ………………
22
Properties Pending Sale ………………
17
-22.7%
Properties For Sale …………….……...
47
Properties For Sale …………….……...
28
-40.4%
Days on Market (Pending Sale) ….…..
48
Days on Market (Pending Sale) ….…..
57
18.7%
Percent Under Contract ………….……
46.81%
Percent Under Contract ………….……
60.71%
29.7%
MARINA DEL REY
CONDO
Median Price ……………………..…….
$727,450
Median Price ……………………..…….
$859,500
18.2%
Average Price per Square Foot ….…
$520
Average Price per Square Foot ….…
$593
14.0%
Properties Sold ……………………….
54
Properties Sold ……………………….
50
-7.4%
Properties Pending Sale ………………
59
Properties Pending Sale ………………
66
11.9%
Properties For Sale …………….……...
197
Properties For Sale …………….……...
167
-15.2%
Days on Market (Pending Sale) ….…..
75
Days on Market (Pending Sale) ….…..
72
-4.3%
Percent Under Contract ………….……
29.95%
Percent Under Contract ………….……
39.52%
32.0%
MID LOS ANGELES
SFR
Median Price ……………………..…….
$438,500
Median Price ……………………..…….
$475,000
8.3%
Average Price per Square Foot ….…
$287
Average Price per Square Foot ….…
$304
5.9%
Properties Sold ……………………….
86
Properties Sold ……………………….
85
-1.2%
Properties Pending Sale ………………
89
Properties Pending Sale ………………
106
19.1%
Properties For Sale …………….……...
254
Properties For Sale …………….……...
236
-7.1%
Days on Market (Pending Sale) ….…..
61
Days on Market (Pending Sale) ….…..
53
-14.1%
Percent Under Contract ………….……
35.04%
Percent Under Contract ………….……
44.92%
28.2%
MID WILSHIRE
SFR
Median Price ……………………..…….
$545,000
Median Price ……………………..…….
$575,000
5.5%
Average Price per Square Foot ….…
$381
Average Price per Square Foot ….…
$307
-19.4%
Properties Sold ……………………….
3
Properties Sold ……………………….
12
300.0%
Properties Pending Sale ………………
7
Properties Pending Sale ………………
17
142.9%
Properties For Sale …………….……...
40
Properties For Sale …………….……...
52
30.0%
Days on Market (Pending Sale) ….…..
105
Days on Market (Pending Sale) ….…..
50
-52.2%
Percent Under Contract ………….……
17.50%
Percent Under Contract ………….……
32.69%
86.8%
PACIFIC PALISADES
SFR
Median Price ……………………..…….
$2,562,500
Median Price ……………………..…….
$3,100,000
21.0%
Average Price per Square Foot ….…
$860
Average Price per Square Foot ….…
$914
6.3%
Properties Sold ……………………….
64
Properties Sold ……………………….
57
-10.9%
Properties Pending Sale ………………
78
Properties Pending Sale ………………
82
5.1%
Properties For Sale …………….……...
204
Properties For Sale …………….……...
197
-3.4%
Days on Market (Pending Sale) ….…..
59
Days on Market (Pending Sale) ….…..
59
0.0%
Percent Under Contract ………….……
38.24%
Percent Under Contract ………….……
41.62%
8.9%
PALMS – MAR VISTA
SFR
Median Price ……………………..…….
$1,025,000
Median Price ……………………..…….
$1,104,000
7.7%
Average Price per Square Foot ….…
$615
Average Price per Square Foot ….…
$671
9.1%
Properties Sold ……………………….
67
Properties Sold ……………………….
61
-9.0%
Properties Pending Sale ………………
81
Properties Pending Sale ………………
83
2.5%
Properties For Sale …………….……...
148
Properties For Sale …………….……...
144
-2.7%
Days on Market (Pending Sale) ….…..
46
Days on Market (Pending Sale) ….…..
45
-4.0%
Percent Under Contract ………….……
54.73%
Percent Under Contract ………….……
57.64%
5.3%
SANTA MONICA
SFR
Median Price ……………………..…….
$1,939,500
Median Price ……………………..…….
$2,300,000
18.6%
Average Price per Square Foot ….…
$969
Average Price per Square Foot ….…
$1,070
10.4%
Properties Sold ……………………….
36
Properties Sold ……………………….
42
16.7%
Properties Pending Sale ………………
47
Properties Pending Sale ………………
53
12.8%
Properties For Sale …………….……...
133
Properties For Sale …………….……...
132
-0.8%
Days on Market (Pending Sale) ….…..
66
Days on Market (Pending Sale) ….…..
36
-45.0%
Percent Under Contract ………….……
35.34%
Percent Under Contract ………….……
40.15%
13.6%
SANTA MONICA
CONDO
Median Price ……………………..…….
$654,000
Median Price ……………………..…….
$790,000
20.8%
Average Price per Square Foot ….…
$761
Average Price per Square Foot ….…
$899
18.1%
Properties Sold ……………………….
59
Properties Sold ……………………….
83
40.7%
Properties Pending Sale ………………
89
Properties Pending Sale ………………
93
4.5%
Properties For Sale …………….……...
198
Properties For Sale …………….……...
197
-0.5%
Days on Market (Pending Sale) ….…..
67
Days on Market (Pending Sale) ….…..
50
-25.3%
Percent Under Contract ………….……
44.95%
Percent Under Contract ………….……
47.21%
5.0%
SHERMAN OAKS
SFR
Median Price ……………………..…….
$850,000
Median Price ……………………..…….
$932,500
9.7%
Average Price per Square Foot ….…
$435
Average Price per Square Foot ….…
$467
7.4%
Properties Sold ……………………….
126
Properties Sold ……………………….
116
-7.9%
Properties Pending Sale ………………
141
Properties Pending Sale ………………
157
11.3%
Properties For Sale …………….……...
377
Properties For Sale …………….……...
369
-2.1%
Days on Market (Pending Sale) ….…..
58
Days on Market (Pending Sale) ….…..
53
-9.8%
Percent Under Contract ………….……
37.40%
Percent Under Contract ………….……
42.55%
13.8%
SHERMAN OAKS
CONDO
Median Price ……………………..…….
$423,000
Median Price ……………………..…….
$449,500
6.3%
Average Price per Square Foot ….…
$309
Average Price per Square Foot ….…
$339
9.7%
Properties Sold ……………………….
42
Properties Sold ……………………….
70
66.7%
Properties Pending Sale ………………
43
Properties Pending Sale ………………
84
95.3%
Properties For Sale …………….……...
126
Properties For Sale …………….……...
144
14.3%
Days on Market (Pending Sale) ….…..
53
Days on Market (Pending Sale) ….…..
45
-16.1%
Percent Under Contract ………….……
34.13%
Percent Under Contract ………….……
58.33%
70.9%
SILVER LAKE – ECHO PARK
SFR
Median Price ……………………..…….
$725,000
Median Price ……………………..…….
$755,000
4.1%
Average Price per Square Foot ….…
$503
Average Price per Square Foot ….…
$571
13.5%
Properties Sold ……………………….
65
Properties Sold ……………………….
75
15.4%
Properties Pending Sale ………………
82
Properties Pending Sale ………………
101
23.2%
Properties For Sale …………….……...
181
Properties For Sale …………….……...
196
8.3%
Days on Market (Pending Sale) ….…..
46
Days on Market (Pending Sale) ….…..
48
4.7%
Percent Under Contract ………….……
45.30%
Percent Under Contract ………….……
51.53%
13.7%
STUDIO CITY
SFR
Median Price ……………………..…….
$1,140,000
Median Price ……………………..…….
$1,173,500
2.9%
Average Price per Square Foot ….…
$485
Average Price per Square Foot ….…
$545
12.4%
Properties Sold ……………………….
66
Properties Sold ……………………….
56
-15.2%
Properties Pending Sale ………………
81
Properties Pending Sale ………………
93
14.8%
Properties For Sale …………….……...
221
Properties For Sale …………….……...
207
-6.3%
Days on Market (Pending Sale) ….…..
69
Days on Market (Pending Sale) ….…..
59
-15.0%
Percent Under Contract ………….……
36.65%
Percent Under Contract ………….……
44.93%
22.6%
STUDIO CITY
CONDO
Median Price ……………………..…….
$506,250
Median Price ……………………..…….
$506,250
0.0%
Average Price per Square Foot ….…
$381
Average Price per Square Foot ….…
$391
2.6%
Properties Sold ……………………….
24
Properties Sold ……………………….
32
33.3%
Properties Pending Sale ………………
26
Properties Pending Sale ………………
39
50.0%
Properties For Sale …………….……...
84
Properties For Sale …………….……...
89
6.0%
Days on Market (Pending Sale) ….…..
61
Days on Market (Pending Sale) ….…..
54
-10.1%
Percent Under Contract ………….……
30.95%
Percent Under Contract ………….……
43.82%
41.6%
SUNSET STRIP – HOLLYWOOD HILLS WEST
SFR
Median Price ……………………..…….
$1,527,500
Median Price ……………………..…….
$1,700,000
11.3%
Average Price per Square Foot ….…
$725
Average Price per Square Foot ….…
$866
19.4%
Properties Sold ……………………….
100
Properties Sold ……………………….
93
-7.0%
Properties Pending Sale ………………
120
Properties Pending Sale ………………
114
-5.0%
Properties For Sale …………….……...
417
Properties For Sale …………….……...
422
1.2%
Days on Market (Pending Sale) ….…..
95
Days on Market (Pending Sale) ….…..
57
Percent Under Contract ………….……
28.78%
Percent Under Contract ………….……
27.01%
-40.1% -6.1%
SUNSET STRIP – HOLLYWOOD HILLS WEST
CONDO
Median Price ……………………..…….
$464,750
Median Price ……………………..…….
$560,000
20.5%
Average Price per Square Foot ….…
$612
Average Price per Square Foot ….…
$932
52.3%
Properties Sold ……………………….
14
Properties Sold ……………………….
21
50.0%
Properties Pending Sale ………………
19
Properties Pending Sale ………………
28
47.4%
Properties For Sale …………….……...
57
Properties For Sale …………….……...
57
0.0%
Days on Market (Pending Sale) ….…..
72
Days on Market (Pending Sale) ….…..
73
1.1%
Percent Under Contract ………….……
33.33%
Percent Under Contract ………….……
49.12%
47.4%
TOPANGA
SFR
Median Price ……………………..…….
$825,000
Median Price ……………………..…….
$921,800
11.7%
Average Price per Square Foot ….…
$539
Average Price per Square Foot ….…
$457
-15.2%
Properties Sold ……………………….
19
Properties Sold ……………………….
15
-21.1%
Properties Pending Sale ………………
29
Properties Pending Sale ………………
30
3.4%
Properties For Sale …………….……...
92
Properties For Sale …………….……...
91
-1.1%
Days on Market (Pending Sale) ….…..
77
Days on Market (Pending Sale) ….…..
97
25.4%
Percent Under Contract ………….……
31.52%
Percent Under Contract ………….……
32.97%
4.6%
VENICE
SFR
Median Price ……………………..…….
$1,350,000
Median Price ……………………..…….
$1,499,000
11.0%
Average Price per Square Foot ….…
$941
Average Price per Square Foot ….…
$1,008
7.1%
Properties Sold ……………………….
46
Properties Sold ……………………….
39
-15.2%
Properties Pending Sale ………………
51
Properties Pending Sale ………………
46
-9.8%
Properties For Sale …………….……...
109
Properties For Sale …………….……...
115
5.5%
Days on Market (Pending Sale) ….…..
49
Days on Market (Pending Sale) ….…..
62
27.0%
Percent Under Contract ………….……
46.79%
Percent Under Contract ………….……
40.00%
-14.5%
VENICE
CONDO
Median Price ……………………..…….
$930,000
Median Price ……………………..…….
$1,077,000
15.8%
Average Price per Square Foot ….…
$673
Average Price per Square Foot ….…
$748
11.1%
Properties Sold ……………………….
7
Properties Sold ……………………….
8
14.3%
Properties Pending Sale ………………
8
Properties Pending Sale ………………
6
-25.0%
Properties For Sale …………….……...
16
Properties For Sale …………….……...
24
50.0%
Days on Market (Pending Sale) ….…..
68
Days on Market (Pending Sale) ….…..
42
-37.6%
Percent Under Contract ………….……
50.00%
Percent Under Contract ………….……
25.00%
-50.0%
WEST HOLLYWOOD
SFR
Median Price ……………………..…….
$1,077,884
Median Price ……………………..…….
$1,600,000
48.4%
Average Price per Square Foot ….…
$660
Average Price per Square Foot ….…
$762
15.5%
Properties Sold ……………………….
29
Properties Sold ……………………….
35
20.7%
Properties Pending Sale ………………
28
Properties Pending Sale ………………
43
53.6%
Properties For Sale …………….……...
68
Properties For Sale …………….……...
89
30.9%
Days on Market (Pending Sale) ….…..
76
Days on Market (Pending Sale) ….…..
51
-33.2%
Percent Under Contract ………….……
41.18%
Percent Under Contract ………….……
48.31%
17.3%
WEST HOLLYWOOD
CONDO
Median Price ……………………..…….
$594,500
Median Price ……………………..…….
$613,000
3.1%
Average Price per Square Foot ….…
$539
Average Price per Square Foot ….…
$574
6.5%
Properties Sold ……………………….
80
Properties Sold ……………………….
88
10.0%
Properties Pending Sale ………………
96
Properties Pending Sale ………………
112
16.7%
Properties For Sale …………….……...
222
Properties For Sale …………….……...
235
5.9%
Days on Market (Pending Sale) ….…..
56
Days on Market (Pending Sale) ….…..
58
2.9%
Percent Under Contract ………….……
43.24%
Percent Under Contract ………….……
47.66%
10.2%
WEST LOS ANGELES
SFR
Median Price ……………………..…….
$835,000
Median Price ……………………..…….
$920,000
10.2%
Average Price per Square Foot ….…
$588
Average Price per Square Foot ….…
$637
8.3%
Properties Sold ……………………….
18
Properties Sold ……………………….
19
5.6%
Properties Pending Sale ………………
24
Properties Pending Sale ………………
19
-20.8%
Properties For Sale …………….……...
57
Properties For Sale …………….……...
54
-5.3%
Days on Market (Pending Sale) ….…..
35
Days on Market (Pending Sale) ….…..
48
37.7%
Percent Under Contract ………….……
42.11%
Percent Under Contract ………….……
35.19%
-16.4%
WEST LOS ANGELES
CONDO
Median Price ……………………..…….
$571,000
Median Price ……………………..…….
$613,750
7.5%
Average Price per Square Foot ….…
$447
Average Price per Square Foot ….…
$482
7.8%
Properties Sold ……………………….
36
Properties Sold ……………………….
42
16.7%
Properties Pending Sale ………………
43
Properties Pending Sale ………………
47
9.3%
Properties For Sale …………….……...
79
Properties For Sale …………….……...
80
1.3%
Days on Market (Pending Sale) ….…..
52
Days on Market (Pending Sale) ….…..
53
3.3%
Percent Under Contract ………….……
54.43%
Percent Under Contract ………….……
58.75%
7.9%
WESTCHESTER
SFR
Median Price ……………………..…….
$800,000
Median Price ……………………..…….
$864,000
8.0%
Average Price per Square Foot ….…
$480
Average Price per Square Foot ….…
$529
10.2%
Properties Sold ……………………….
55
Properties Sold ……………………….
52
-5.5%
Properties Pending Sale ………………
70
Properties Pending Sale ………………
63
-10.0%
Properties For Sale …………….……...
130
Properties For Sale …………….……...
102
-21.5%
Days on Market (Pending Sale) ….…..
40
Days on Market (Pending Sale) ….…..
44
11.2%
Percent Under Contract ………….……
53.85%
Percent Under Contract ………….……
61.76%
14.7%
WESTCHESTER
CONDO
Median Price ……………………..…….
$339,000
Median Price ……………………..…….
$399,000
17.7%
Average Price per Square Foot ….…
$370
Average Price per Square Foot ….…
$380
2.7%
Properties Sold ……………………….
7
Properties Sold ……………………….
3
-57.1%
Properties Pending Sale ………………
9
Properties Pending Sale ………………
7
-22.2%
Properties For Sale …………….……...
24
Properties For Sale …………….……...
12
-50.0%
Days on Market (Pending Sale) ….…..
86
Days on Market (Pending Sale) ….…..
67
-21.3%
Percent Under Contract ………….……
37.50%
Percent Under Contract ………….……
58.33%
55.6%
WESTWOOD – CENTURY CITY
SFR
Median Price ……………………..…….
$1,726,900
Median Price ……………………..…….
$1,700,000
-1.6%
Average Price per Square Foot ….…
$744
Average Price per Square Foot ….…
$816
9.7%
Properties Sold ……………………….
28
Properties Sold ……………………….
25
-10.7%
Properties Pending Sale ………………
34
Properties Pending Sale ………………
39
14.7%
Properties For Sale …………….……...
77
Properties For Sale …………….……...
80
3.9%
Days on Market (Pending Sale) ….…..
46
Days on Market (Pending Sale) ….…..
45
-2.1%
Percent Under Contract ………….……
44.16%
Percent Under Contract ………….……
48.75%
10.4%
WESTWOOD – CENTURY CITY
CONDO
Median Price ……………………..…….
$740,000
Median Price ……………………..…….
$755,000
2.0%
Average Price per Square Foot ….…
$625
Average Price per Square Foot ….…
$587
-6.1%
Properties Sold ……………………….
114
Properties Sold ……………………….
105
-7.9%
Properties Pending Sale ………………
141
Properties Pending Sale ………………
138
-2.1%
Properties For Sale …………….……...
444
Properties For Sale …………….……...
413
-7.0%
Days on Market (Pending Sale) ….…..
84
Days on Market (Pending Sale) ….…..
77
-8.6%
Percent Under Contract ………….……
31.76%
Percent Under Contract ………….……
33.41%
5.2%
WOODLAND HILLS
SFR
Median Price ……………………..…….
$650,000
Median Price ……………………..…….
$700,000
7.7%
Average Price per Square Foot ….…
$322
Average Price per Square Foot ….…
$315
-2.2%
Properties Sold ……………………….
114
Properties Sold ……………………….
155
36.0%
Properties Pending Sale ………………
155
Properties Pending Sale ………………
205
32.3%
Properties For Sale …………….……...
429
Properties For Sale …………….……...
449
4.7%
Days on Market (Pending Sale) ….…..
62
Days on Market (Pending Sale) ….…..
62
0.0%
Percent Under Contract ………….……
36.13%
Percent Under Contract ………….……
45.66%
26.4%
WOODLAND HILLS
CONDO
Median Price ……………………..…….
$329,000
Median Price ……………………..…….
$345,000
4.9%
Average Price per Square Foot ….…
$354
Average Price per Square Foot ….…
$350
-1.1%
Properties Sold ……………………….
19
Properties Sold ……………………….
25
31.6%
Properties Pending Sale ………………
28
Properties Pending Sale ………………
43
53.6%
Properties For Sale …………….……...
54
Properties For Sale …………….……...
66
22.2%
Days on Market (Pending Sale) ….…..
58
Days on Market (Pending Sale) ….…..
62
7.0%
Percent Under Contract ………….……
51.85%
Percent Under Contract ………….……
65.15%
25.6%
Glossary of Terms
Median Price: A value that separates the upper half of prices from the lower half of prices. It can be interpreted like an average, however the extreme prices (high and low) don’t hold undue. Average Price per Square Foot: The price per each property divided by their respective square footage then averaged across all properties sold in the area for a given time period. Properties Sold: The number of property transactions that closed and transferred ownership. Properties Pending Sale: The number of properties that entered escrow in preparation for sale.
Properties For Sale: The number of properties on the market and seeking buyers. Days on Market (Pending Sale): The number of days that properties currently in escrow were on the market. Absorption Rate: The rate at which the inventory of home for sale are being sold. Percent Under Contract: The ratio of properties to properties sale.
Disclaimer
The Market Within A Market Report is brought to you by Michael Lewis Marketing Suite, a highend, luxury consulting, brand building, marketing firm located in California and Florida. www.michaellewismarketingsuite.com Information obtained from Broker Metrics and DataQuick. Broker Metrics and DataQuick statistics are subject to change due to individual real estate company reporting disciplines. The information provided herein is from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it.