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 ……………………..…….
$2,032,540
Median Price ……………………..…….
$3,158,300
55.4%
Average Price per Square Foot ….…
$901
Average Price per Square Foot ….…
$964
7.0%
Properties Sold ……………………….
48
Properties Sold ……………………….
29
-39.6%
Properties Pending Sale ………………
45
Properties Pending Sale ………………
34
-24.4%
Properties For Sale …………….……...
182
Properties For Sale …………….……...
170
-6.6%
Days on Market (Pending Sale) ….…..
94
Days on Market (Pending Sale) ….…..
86
-8.5%
Percent Under Contract ………….……
24.73%
Percent Under Contract ………….……
20.00%
-19.1%
BEVERLY CENTER – MIRACLE MILE
SFR
Median Price ……………………..…….
$1,150,000
Median Price ……………………..…….
$1,272,500
10.7%
Average Price per Square Foot ….…
$583
Average Price per Square Foot ….…
$662
13.6%
Properties Sold ……………………….
70
Properties Sold ……………………….
50
-28.6%
Properties Pending Sale ………………
69
Properties Pending Sale ………………
55
-20.3%
Properties For Sale …………….……...
117
Properties For Sale …………….……...
120
2.6%
Days on Market (Pending Sale) ….…..
53
Days on Market (Pending Sale) ….…..
40
-24.1%
Percent Under Contract ………….……
58.97%
Percent Under Contract ………….……
45.83%
-22.3%
BEVERLY CENTER – MIRACLE MILE
CONDO
Median Price ……………………..…….
$508,000
Median Price ……………………..…….
$630,500
24.1%
Average Price per Square Foot ….…
$461
Average Price per Square Foot ….…
$499
8.2%
Properties Sold ……………………….
12
Properties Sold ……………………….
27
125.0%
Properties Pending Sale ………………
20
Properties Pending Sale ………………
25
25.0%
Properties For Sale …………….……...
42
Properties For Sale …………….……...
61
45.2%
Days on Market (Pending Sale) ….…..
73
Days on Market (Pending Sale) ….…..
43
-40.7%
Percent Under Contract ………….……
47.62%
Percent Under Contract ………….……
40.98%
-13.9%
BEVERLY HILLS
SFR
Median Price ……………………..…….
$4,225,000
Median Price ……………………..…….
$4,943,875
17.0%
Average Price per Square Foot ….…
$983
Average Price per Square Foot ….…
$1,240
26.1%
Properties Sold ……………………….
46
Properties Sold ……………………….
44
-4.3%
Properties Pending Sale ………………
46
Properties Pending Sale ………………
40
-13.0%
Properties For Sale …………….……...
165
Properties For Sale …………….……...
142
-13.9%
Days on Market (Pending Sale) ….…..
72
Days on Market (Pending Sale) ….…..
51
-28.6%
Percent Under Contract ………….……
27.88%
Percent Under Contract ………….……
28.17%
1.0%
BEVERLY HILLS
CONDO
Median Price ……………………..…….
$920,000
Median Price ……………………..…….
$999,000
8.5%
Average Price per Square Foot ….…
$719
Average Price per Square Foot ….…
$623
-13.4%
Properties Sold ……………………….
36
Properties Sold ……………………….
35
-2.8%
Properties Pending Sale ………………
30
Properties Pending Sale ………………
36
20.0%
Properties For Sale …………….……...
79
Properties For Sale …………….……...
92
16.5%
Days on Market (Pending Sale) ….…..
85
Days on Market (Pending Sale) ….…..
68
-20.5%
Percent Under Contract ………….……
37.97%
Percent Under Contract ………….……
39.13%
3.0%
BEVERLY HILLS P.O.
SFR
Median Price ……………………..…….
$2,227,500
Median Price ……………………..…….
$2,152,500
-4.7%
Average Price per Square Foot ….…
$679
Average Price per Square Foot ….…
$758
11.6%
Properties Sold ……………………….
40
Properties Sold ……………………….
38
-5.0%
Properties Pending Sale ………………
37
Properties Pending Sale ………………
37
0.0%
Properties For Sale …………….……...
172
Properties For Sale …………….……...
182
5.8%
Days on Market (Pending Sale) ….…..
78
Days on Market (Pending Sale) ….…..
73
-5.9%
Percent Under Contract ………….……
21.51%
Percent Under Contract ………….……
20.33%
-5.5%
BEVERLYWOOD
SFR
Median Price ……………………..…….
$807,000
Median Price ……………………..…….
$910,000
12.8%
Average Price per Square Foot ….…
$490
Average Price per Square Foot ….…
$595
21.4%
Properties Sold ……………………….
44
Properties Sold ……………………….
51
15.9%
Properties Pending Sale ………………
40
Properties Pending Sale ………………
52
30.0%
Properties For Sale …………….……...
86
Properties For Sale …………….……...
111
29.1%
Days on Market (Pending Sale) ….…..
56
Days on Market (Pending Sale) ….…..
45
-19.5%
Percent Under Contract ………….……
46.51%
Percent Under Contract ………….……
46.85%
0.7%
BRENTWOOD
SFR
Median Price ……………………..…….
$2,400,000
Median Price ……………………..…….
$2,785,000
16.0%
Average Price per Square Foot ….…
$849
Average Price per Square Foot ….…
$998
17.6%
Properties Sold ……………………….
77
Properties Sold ……………………….
63
-18.2%
Properties Pending Sale ………………
79
Properties Pending Sale ………………
68
-13.9%
Properties For Sale …………….……...
192
Properties For Sale …………….……...
181
-5.7%
Days on Market (Pending Sale) ….…..
55
Days on Market (Pending Sale) ….…..
64
16.1%
Percent Under Contract ………….……
41.15%
Percent Under Contract ………….……
37.57%
-8.7%
BRENTWOOD
CONDO
Median Price ……………………..…….
$682,500
Median Price ……………………..…….
$708,000
3.7%
Average Price per Square Foot ….…
$505
Average Price per Square Foot ….…
$510
1.0%
Properties Sold ……………………….
68
Properties Sold ……………………….
54
-20.6%
Properties Pending Sale ………………
67
Properties Pending Sale ………………
57
-14.9%
Properties For Sale …………….……...
138
Properties For Sale …………….……...
140
1.4%
Days on Market (Pending Sale) ….…..
53
Days on Market (Pending Sale) ….…..
43
-18.4%
Percent Under Contract ………….……
48.55%
Percent Under Contract ………….……
40.71%
-16.1%
BURBANK
SFR
Median Price ……………………..…….
$639,900
Median Price ……………………..…….
$624,450
-1.9%
Average Price per Square Foot ….…
$404
Average Price per Square Foot ….…
$420
4.0%
Properties Sold ……………………….
7
Properties Sold ……………………….
18
157.1%
Properties Pending Sale ………………
16
Properties Pending Sale ………………
20
25.0%
Properties For Sale …………….……...
29
Properties For Sale …………….……...
34
17.2%
Days on Market (Pending Sale) ….…..
41
Days on Market (Pending Sale) ….…..
37
-10.0%
Percent Under Contract ………….……
55.17%
Percent Under Contract ………….……
58.82%
6.6%
BURBANK
CONDO
Median Price ……………………..…….
$350,000
Median Price ……………………..…….
$390,000
11.4%
Average Price per Square Foot ….…
$326
Average Price per Square Foot ….…
$362
11.0%
Properties Sold ……………………….
5
Properties Sold ……………………….
6
20.0%
Properties Pending Sale ………………
4
Properties Pending Sale ………………
8
100.0%
Properties For Sale …………….……...
15
Properties For Sale …………….……...
16
6.7%
Days on Market (Pending Sale) ….…..
43
Days on Market (Pending Sale) ….…..
28
-36.1%
Percent Under Contract ………….……
26.67%
Percent Under Contract ………….……
50.00%
87.5%
CALABASAS
SFR
Median Price ……………………..…….
$960,000
Median Price ……………………..…….
$1,620,000
68.8%
Average Price per Square Foot ….…
$377
Average Price per Square Foot ….…
$399
5.8%
Properties Sold ……………………….
13
Properties Sold ……………………….
8
-38.5%
Properties Pending Sale ………………
12
Properties Pending Sale ………………
7
-41.7%
Properties For Sale …………….……...
35
Properties For Sale …………….……...
26
-25.7%
Days on Market (Pending Sale) ….…..
79
Days on Market (Pending Sale) ….…..
58
-27.0%
Percent Under Contract ………….……
34.29%
Percent Under Contract ………….……
26.92%
-21.5%
CHEVIOT HILLS-RANCH PARK
SFR
Median Price ……………………..…….
$1,430,500
Median Price ……………………..…….
$1,665,000
16.4%
Average Price per Square Foot ….…
$616
Average Price per Square Foot ….…
$724
17.5%
Properties Sold ……………………….
28
Properties Sold ……………………….
26
-7.1%
Properties Pending Sale ………………
27
Properties Pending Sale ………………
24
-11.1%
Properties For Sale …………….……...
50
Properties For Sale …………….……...
43
-14.0%
Days on Market (Pending Sale) ….…..
33
Days on Market (Pending Sale) ….…..
32
-1.3%
Percent Under Contract ………….……
54.00%
Percent Under Contract ………….……
55.81%
3.4%
CULVER CITY
SFR
Median Price ……………………..…….
$810,000
Median Price ……………………..…….
$875,000
8.0%
Average Price per Square Foot ….…
$511
Average Price per Square Foot ….…
$578
13.1%
Properties Sold ……………………….
43
Properties Sold ……………………….
49
14.0%
Properties Pending Sale ………………
60
Properties Pending Sale ………………
40
-33.3%
Properties For Sale …………….……...
105
Properties For Sale …………….……...
75
-28.6%
Days on Market (Pending Sale) ….…..
34
Days on Market (Pending Sale) ….…..
27
-20.2%
Percent Under Contract ………….……
57.14%
Percent Under Contract ………….……
53.33%
-6.7%
CULVER CITY
CONDO
Median Price ……………………..…….
$375,000
Median Price ……………………..…….
$410,000
9.3%
Average Price per Square Foot ….…
$349
Average Price per Square Foot ….…
$403
15.5%
Properties Sold ……………………….
51
Properties Sold ……………………….
48
-5.9%
Properties Pending Sale ………………
59
Properties Pending Sale ………………
57
-3.4%
Properties For Sale …………….……...
85
Properties For Sale …………….……...
98
15.3%
Days on Market (Pending Sale) ….…..
32
Days on Market (Pending Sale) ….…..
31
-2.8%
Percent Under Contract ………….……
69.41%
Percent Under Contract ………….……
58.16%
-16.2%
DOWNTOWN
SFR
Median Price ……………………..…….
$276,500
Median Price ……………………..…….
$235,000
-15.0%
Average Price per Square Foot ….…
$179
Average Price per Square Foot ….…
$195
8.9%
Properties Sold ……………………….
12
Properties Sold ……………………….
15
25.0%
Properties Pending Sale ………………
5
Properties Pending Sale ………………
16
220.0%
Properties For Sale …………….……...
33
Properties For Sale …………….……...
42
27.3%
Days on Market (Pending Sale) ….…..
45
Days on Market (Pending Sale) ….…..
42
-7.8%
Percent Under Contract ………….……
15.15%
Percent Under Contract ………….……
38.10%
151.4%
DOWNTOWN
CONDO
Median Price ……………………..…….
$544,500
Median Price ……………………..…….
$565,000
3.8%
Average Price per Square Foot ….…
$547
Average Price per Square Foot ….…
$540
-1.3%
Properties Sold ……………………….
90
Properties Sold ……………………….
110
22.2%
Properties Pending Sale ………………
76
Properties Pending Sale ………………
121
59.2%
Properties For Sale …………….……...
200
Properties For Sale …………….……...
261
30.5%
Days on Market (Pending Sale) ….…..
49
Days on Market (Pending Sale) ….…..
54
9.4%
Percent Under Contract ………….……
38.00%
Percent Under Contract ………….……
46.36%
22.0%
ENCINO
SFR
Median Price ……………………..…….
$1,100,000
Median Price ……………………..…….
$1,225,000
11.4%
Average Price per Square Foot ….…
$412
Average Price per Square Foot ….…
$449
9.0%
Properties Sold ……………………….
32
Properties Sold ……………………….
22
-31.2%
Properties Pending Sale ………………
34
Properties Pending Sale ………………
40
17.6%
Properties For Sale …………….……...
96
Properties For Sale …………….……...
121
26.0%
Days on Market (Pending Sale) ….…..
55
Days on Market (Pending Sale) ….…..
48
-14.0%
Percent Under Contract ………….……
35.42%
Percent Under Contract ………….……
33.06%
-6.7%
ENCINO
CONDO
Median Price ……………………..…….
$285,000
Median Price ……………………..…….
$305,000
7.0%
Average Price per Square Foot ….…
$236
Average Price per Square Foot ….…
$237
0.4%
Properties Sold ……………………….
5
Properties Sold ……………………….
7
40.0%
Properties Pending Sale ………………
11
Properties Pending Sale ………………
13
18.2%
Properties For Sale …………….……...
24
Properties For Sale …………….……...
28
16.7%
Days on Market (Pending Sale) ….…..
17
Days on Market (Pending Sale) ….…..
34
95.5%
Percent Under Contract ………….……
45.83%
Percent Under Contract ………….……
46.43%
1.3%
HANCOCK PARK-WILSHIRE
SFR
Median Price ……………………..…….
$1,184,500
Median Price ……………………..…….
$1,299,000
9.7%
Average Price per Square Foot ….…
$545
Average Price per Square Foot ….…
$606
11.2%
Properties Sold ……………………….
70
Properties Sold ……………………….
63
-10.0%
Properties Pending Sale ………………
78
Properties Pending Sale ………………
73
-6.4%
Properties For Sale …………….……...
184
Properties For Sale …………….……...
180
-2.2%
Days on Market (Pending Sale) ….…..
51
Days on Market (Pending Sale) ….…..
48
-4.7%
Percent Under Contract ………….……
42.39%
Percent Under Contract ………….……
40.56%
-4.3%
HOLLYWOOD
SFR
Median Price ……………………..…….
$475,000
Median Price ……………………..…….
$1,102,500
132.1%
Average Price per Square Foot ….…
$526
Average Price per Square Foot ….…
$561
6.7%
Properties Sold ……………………….
11
Properties Sold ……………………….
19
72.7%
Properties Pending Sale ………………
17
Properties Pending Sale ………………
22
29.4%
Properties For Sale …………….……...
37
Properties For Sale …………….……...
43
16.2%
Days on Market (Pending Sale) ….…..
82
Days on Market (Pending Sale) ….…..
62
-23.9%
Percent Under Contract ………….……
45.92%
Percent Under Contract ………….……
51.16%
11.4%
HOLLYWOOD
CONDO
Median Price ……………………..…….
$560,000
Median Price ……………………..…….
$575,000
2.7%
Average Price per Square Foot ….…
$458
Average Price per Square Foot ….…
$545
19.0%
Properties Sold ……………………….
37
Properties Sold ……………………….
49
25.6%
Properties Pending Sale ………………
30
Properties Pending Sale ………………
42
40.0%
Properties For Sale …………….……...
68
Properties For Sale …………….……...
88
29.4%
Days on Market (Pending Sale) ….…..
85
Days on Market (Pending Sale) ….…..
66
-22.4%
Percent Under Contract ………….……
44.12%
Percent Under Contract ………….……
47.73%
8.2%
HOLLYWOOD HILLS EAST
SFR
Median Price ……………………..…….
$940,000
Median Price ……………………..…….
$1,115,000
18.6%
Average Price per Square Foot ….…
$478
Average Price per Square Foot ….…
$550
15.1%
Properties Sold ……………………….
49
Properties Sold ……………………….
32
-34.7%
Properties Pending Sale ………………
37
Properties Pending Sale ………………
38
2.7%
Properties For Sale …………….……...
114
Properties For Sale …………….……...
102
-10.5%
Days on Market (Pending Sale) ….…..
65
Days on Market (Pending Sale) ….…..
53
-18.5%
Percent Under Contract ………….……
32.46%
Percent Under Contract ………….……
37.25%
14.8%
LOS FELIZ
SFR
Median Price ……………………..…….
$1,036,450
Median Price ……………………..…….
$1,370,000
32.2%
Average Price per Square Foot ….…
$537
Average Price per Square Foot ….…
$655
22.0%
Properties Sold ……………………….
61
Properties Sold ……………………….
58
-4.9%
Properties Pending Sale ………………
76
Properties Pending Sale ………………
66
-13.2%
Properties For Sale …………….……...
156
Properties For Sale …………….……...
156
0.0%
Days on Market (Pending Sale) ….…..
52
Days on Market (Pending Sale) ….…..
40
-23.8%
Percent Under Contract ………….……
48.72%
Percent Under Contract ………….……
42.31%
-13.2%
LOS FELIZ
CONDO
Median Price ……………………..…….
$432,500
Median Price ……………………..…….
$495,000
14.5%
Average Price per Square Foot ….…
$430
Average Price per Square Foot ….…
$450
4.7%
Properties Sold ……………………….
4
Properties Sold ……………………….
7
75.0%
Properties Pending Sale ………………
4
Properties Pending Sale ………………
7
75.0%
Properties For Sale …………….……...
7
Properties For Sale …………….……...
12
71.4%
Days on Market (Pending Sale) ….…..
28
Days on Market (Pending Sale) ….…..
33
18.3%
Percent Under Contract ………….……
57.14%
Percent Under Contract ………….……
58.33%
2.1%
MALIBU
SFR
Median Price ……………………..…….
$1,980,000
Median Price ……………………..…….
$2,475,000
25.0%
Average Price per Square Foot ….…
$683
Average Price per Square Foot ….…
$758
11.0%
Properties Sold ……………………….
39
Properties Sold ……………………….
43
10.3%
Properties Pending Sale ………………
45
Properties Pending Sale ………………
42
-6.7%
Properties For Sale …………….……...
288
Properties For Sale …………….……...
269
-6.6%
Days on Market (Pending Sale) ….…..
165
Days on Market (Pending Sale) ….…..
121
-26.5%
Percent Under Contract ………….……
15.62%
Percent Under Contract ………….……
15.61%
-0.1%
MALIBU BEACH
SFR
Median Price ……………………..…….
$4,025,000
Median Price ……………………..…….
$5,165,625
28.3%
Average Price per Square Foot ….…
$1,812
Average Price per Square Foot ….…
$1,756
-3.1%
Properties Sold ……………………….
13
Properties Sold ……………………….
8
-38.5%
Properties Pending Sale ………………
9
Properties Pending Sale ………………
10
11.1%
Properties For Sale …………….……...
110
Properties For Sale …………….……...
98
-10.9%
Days on Market (Pending Sale) ….…..
126
Days on Market (Pending Sale) ….…..
151
19.4%
Percent Under Contract ………….……
8.18%
Percent Under Contract ………….……
10.20%
24.7%
MARINA DEL REY
SFR
Median Price ……………………..…….
$1,767,500
Median Price ……………………..…….
$1,727,500
-2.3%
Average Price per Square Foot ….…
$558
Average Price per Square Foot ….…
$593
6.3%
Properties Sold ……………………….
12
Properties Sold ……………………….
20
66.7%
Properties Pending Sale ………………
12
Properties Pending Sale ………………
12
0.0%
Properties For Sale …………….……...
33
Properties For Sale …………….……...
34
3.0%
Days on Market (Pending Sale) ….…..
85
Days on Market (Pending Sale) ….…..
53
-37.7%
Percent Under Contract ………….……
36.36%
Percent Under Contract ………….……
35.29%
-2.9%
MARINA DEL REY
CONDO
Median Price ……………………..…….
$729,250
Median Price ……………………..…….
$782,500
7.3%
Average Price per Square Foot ….…
$499
Average Price per Square Foot ….…
$559
12.0%
Properties Sold ……………………….
72
Properties Sold ……………………….
84
16.7%
Properties Pending Sale ………………
78
Properties Pending Sale ………………
91
16.7%
Properties For Sale …………….……...
207
Properties For Sale …………….……...
217
4.8%
Days on Market (Pending Sale) ….…..
73
Days on Market (Pending Sale) ….…..
71
-2.5%
Percent Under Contract ………….……
37.68%
Percent Under Contract ………….……
41.94%
11.3%
MID LOS ANGELES
SFR
Median Price ……………………..…….
$470,000
Median Price ……………………..…….
$557,750
18.47%
Average Price per Square Foot ….…
$298
Average Price per Square Foot ….…
$330
10.7%
Properties Sold ……………………….
59
Properties Sold ……………………….
48
-18.6%
Properties Pending Sale ………………
52
Properties Pending Sale ………………
51
-1.9%
Properties For Sale …………….……...
117
Properties For Sale …………….……...
114
-2.6%
Days on Market (Pending Sale) ….…..
35
Days on Market (Pending Sale) ….…..
43
22.5%
Percent Under Contract ………….……
44.44%
Percent Under Contract ………….……
44.74%
0.7%
MID WILSHIRE
SFR
Median Price ……………………..…….
$466,250
Median Price ……………………..…….
$695,000
49.1%
Average Price per Square Foot ….…
$295
Average Price per Square Foot ….…
$356
20.7%
Properties Sold ……………………….
6
Properties Sold ……………………….
6
0.0%
Properties Pending Sale ………………
4
Properties Pending Sale ………………
15
275.0%
Properties For Sale …………….……...
30
Properties For Sale …………….……...
37
23.3%
Days on Market (Pending Sale) ….…..
24
Days on Market (Pending Sale) ….…..
37
54.7%
Percent Under Contract ………….……
13.33%
Percent Under Contract ………….……
40.54%
204.1%
PACIFIC PALISADES
SFR
Median Price ……………………..…….
$2,085,000
Median Price ……………………..…….
$2,569,000
23.2%
Average Price per Square Foot ….…
$803
Average Price per Square Foot ….…
$896
11.6%
Properties Sold ……………………….
100
Properties Sold ……………………….
86
-14.0%
Properties Pending Sale ………………
105
Properties Pending Sale ………………
110
4.8%
Properties For Sale …………….……...
233
Properties For Sale …………….……...
214
-8.2%
Days on Market (Pending Sale) ….…..
67
Days on Market (Pending Sale) ….…..
58
-13.1%
Percent Under Contract ………….……
45.06%
Percent Under Contract ………….……
51.40%
14.1%
PALMS – MAR VISTA
SFR
Median Price ……………………..…….
$880,000
Median Price ……………………..…….
$1,040,000
18.2%
Average Price per Square Foot ….…
$557
Average Price per Square Foot ….…
$667
19.7%
Properties Sold ……………………….
86
Properties Sold ……………………….
75
-12.8%
Properties Pending Sale ………………
89
Properties Pending Sale ………………
85
-4.5%
Properties For Sale …………….……...
133
Properties For Sale …………….……...
148
11.3%
Days on Market (Pending Sale) ….…..
38
Days on Market (Pending Sale) ….…..
30
-21.5%
Percent Under Contract ………….……
66.92%
Percent Under Contract ………….……
57.43%
-14.2%
SANTA MONICA
SFR
Median Price ……………………..…….
$2,105,000
Median Price ……………………..…….
$1,840,000
-12.6%
Average Price per Square Foot ….…
$902
Average Price per Square Foot ….…
$948
5.1%
Properties Sold ……………………….
72
Properties Sold ……………………….
60
-16.7%
Properties Pending Sale ………………
73
Properties Pending Sale ………………
74
1.4%
Properties For Sale …………….……...
156
Properties For Sale …………….……...
150
-3.8%
Days on Market (Pending Sale) ….…..
50
Days on Market (Pending Sale) ….…..
50
0.3%
Percent Under Contract ………….……
46.79%
Percent Under Contract ………….……
49.33%
5.4%
SANTA MONICA
CONDO
Median Price ……………………..…….
$733,125
Median Price ……………………..…….
$920,000
25.5%
Average Price per Square Foot ….…
$685
Average Price per Square Foot ….…
$840
22.6%
Properties Sold ……………………….
107
Properties Sold ……………………….
127
18.7%
Properties Pending Sale ………………
93
Properties Pending Sale ………………
131
40.9%
Properties For Sale …………….……...
184
Properties For Sale …………….……...
251
36.4%
Days on Market (Pending Sale) ….…..
45
Days on Market (Pending Sale) ….…..
41
-8.5%
Percent Under Contract ………….……
50.54%
Percent Under Contract ………….……
52.19%
3.3%
SHERMAN OAKS
SFR
Median Price ……………………..…….
$929,000
Median Price ……………………..…….
$905,000
-2.6%
Average Price per Square Foot ….…
$459
Average Price per Square Foot ….…
$465
1.3%
Properties Sold ……………………….
59
Properties Sold ……………………….
59
0.0%
Properties Pending Sale ………………
67
Properties Pending Sale ………………
73
9.0%
Properties For Sale …………….……...
136
Properties For Sale …………….……...
160
17.6%
Days on Market (Pending Sale) ….…..
52
Days on Market (Pending Sale) ….…..
43
-17.4%
Percent Under Contract ………….……
49.26%
Percent Under Contract ………….……
45.62%
-7.4%
SHERMAN OAKS
CONDO
Median Price ……………………..…….
$440,000
Median Price ……………………..…….
$395,000
-10.2%
Average Price per Square Foot ….…
$286
Average Price per Square Foot ….…
$328
14.7%
Properties Sold ……………………….
13
Properties Sold ……………………….
25
92.3%
Properties Pending Sale ………………
22
Properties Pending Sale ………………
21
-4.5%
Properties For Sale …………….……...
45
Properties For Sale …………….……...
67
48.9%
Days on Market (Pending Sale) ….…..
40
Days on Market (Pending Sale) ….…..
45
12.0%
Percent Under Contract ………….……
48.89%
Percent Under Contract ………….……
31.34%
-35.9%
SILVER LAKE – ECHO PARK
SFR
Median Price ……………………..…….
$739,000
Median Price ……………………..…….
$850,000
15.0%
Average Price per Square Foot ….…
$517
Average Price per Square Foot ….…
$569
10.1%
Properties Sold ……………………….
67
Properties Sold ……………………….
73
9.0%
Properties Pending Sale ………………
67
Properties Pending Sale ………………
75
11.9%
Properties For Sale …………….……...
114
Properties For Sale …………….……...
133
16.7%
Days on Market (Pending Sale) ….…..
41
Days on Market (Pending Sale) ….…..
38
-8.8%
Percent Under Contract ………….……
58.77%
Percent Under Contract ………….……
56.39%
-4.1%
STUDIO CITY
SFR
Median Price ……………………..…….
$899,000
Median Price ……………………..…….
$1,350,000
50.2%
Average Price per Square Foot ….…
$497
Average Price per Square Foot ….…
$553
11.3%
Properties Sold ……………………….
35
Properties Sold ……………………….
51
45.7%
Properties Pending Sale ………………
40
Properties Pending Sale ………………
56
40.0%
Properties For Sale …………….……...
105
Properties For Sale …………….……...
124
18.1%
Days on Market (Pending Sale) ….…..
50
Days on Market (Pending Sale) ….…..
44
-12.1%
Percent Under Contract ………….……
38.10%
Percent Under Contract ………….……
45.16%
18.5%
STUDIO CITY
CONDO
Median Price ……………………..…….
$457,750
Median Price ……………………..…….
$565,000
23.4%
Average Price per Square Foot ….…
$328
Average Price per Square Foot ….…
$383
16.8%
Properties Sold ……………………….
16
Properties Sold ……………………….
17
6.2%
Properties Pending Sale ………………
24
Properties Pending Sale ………………
21
-12.5%
Properties For Sale …………….……...
43
Properties For Sale …………….……...
46
7.0%
Days on Market (Pending Sale) ….…..
52
Days on Market (Pending Sale) ….…..
52
0.0%
Percent Under Contract ………….……
55.81%
Percent Under Contract ………….……
45.65%
-18.2%
SUNSET STRIP – HOLLYWOOD HILLS WEST
SFR
Median Price ……………………..…….
$1,462,500
Median Price ……………………..…….
$1,699,000
16.2%
Average Price per Square Foot ….…
$763
Average Price per Square Foot ….…
$764
0.1%
Properties Sold ……………………….
139
Properties Sold ……………………….
101
-27.3%
Properties Pending Sale ………………
140
Properties Pending Sale ………………
114
-18.6%
Properties For Sale …………….……...
396
Properties For Sale …………….……...
384
-3.0%
Days on Market (Pending Sale) ….…..
56
Days on Market (Pending Sale) ….…..
67
20.5%
Percent Under Contract ………….……
35.35%
Percent Under Contract ………….……
29.69%
-16.0%
SUNSET STRIP – HOLLYWOOD HILLS WEST
CONDO
Median Price ……………………..…….
$412,500
Median Price ……………………..…….
$439,800
6.6%
Average Price per Square Foot ….…
$646
Average Price per Square Foot ….…
$618
-4.3%
Properties Sold ……………………….
20
Properties Sold ……………………….
25
25.0%
Properties Pending Sale ………………
20
Properties Pending Sale ………………
23
15.0%
Properties For Sale …………….……...
40
Properties For Sale …………….……...
62
55.0%
Days on Market (Pending Sale) ….…..
57
Days on Market (Pending Sale) ….…..
55
-4.1%
Percent Under Contract ………….……
50.00%
Percent Under Contract ………….……
37.10%
-25.8%
TOPANGA
SFR
Median Price ……………………..…….
$1,125,000
Median Price ……………………..…….
$1,067,500
-5.1%
Average Price per Square Foot ….…
$494
Average Price per Square Foot ….…
$567
14.8%
Properties Sold ……………………….
27
Properties Sold ……………………….
30
11.1%
Properties Pending Sale ………………
32
Properties Pending Sale ………………
27
-15.6%
Properties For Sale …………….……...
82
Properties For Sale …………….……...
88
7.3%
Days on Market (Pending Sale) ….…..
98
Days on Market (Pending Sale) ….…..
75
-24.1%
Percent Under Contract ………….……
39.02%
Percent Under Contract ………….……
30.68%
-21.4%
VENICE
SFR
Median Price ……………………..…….
$1,512,500
Median Price ……………………..…….
$1,612,500
6.6%
Average Price per Square Foot ….…
$883
Average Price per Square Foot ….…
$891
0.9%
Properties Sold ……………………….
52
Properties Sold ……………………….
58
11.5%
Properties Pending Sale ………………
58
Properties Pending Sale ………………
58
0.0%
Properties For Sale …………….……...
128
Properties For Sale …………….……...
113
-11.7%
Days on Market (Pending Sale) ….…..
63
Days on Market (Pending Sale) ….…..
35
-43.8%
Percent Under Contract ………….……
45.31%
Percent Under Contract ………….……
51.33%
13.3%
VENICE
CONDO
Median Price ……………………..…….
$1,145,000
Median Price ……………………..…….
$1,164,250
1.7%
Average Price per Square Foot ….…
$651
Average Price per Square Foot ….…
$831
27.6%
Properties Sold ……………………….
25
Properties Sold ……………………….
14
-44.0%
Properties Pending Sale ………………
20
Properties Pending Sale ………………
12
-40.0%
Properties For Sale …………….……...
33
Properties For Sale …………….……...
38
15.2%
Days on Market (Pending Sale) ….…..
46
Days on Market (Pending Sale) ….…..
60
30.0%
Percent Under Contract ………….……
60.61%
Percent Under Contract ………….……
31.58%
-47.9%
WEST HOLLYWOOD
SFR
Median Price ……………………..…….
$1,125,000
Median Price ……………………..…….
$1,269,813
12.9%
Average Price per Square Foot ….…
$742
Average Price per Square Foot ….…
$770
3.8%
Properties Sold ……………………….
37
Properties Sold ……………………….
33
-10.8%
Properties Pending Sale ………………
36
Properties Pending Sale ………………
30
-16.7%
Properties For Sale …………….……...
77
Properties For Sale …………….……...
73
-5.2%
Days on Market (Pending Sale) ….…..
40
Days on Market (Pending Sale) ….…..
35
-12.7%
Percent Under Contract ………….……
46.75%
Percent Under Contract ………….……
41.10%
-12.1%
WEST HOLLYWOOD
CONDO
Median Price ……………………..…….
$502,500
Median Price ……………………..…….
$632,500
25.9%
Average Price per Square Foot ….…
$482
Average Price per Square Foot ….…
$559
16.0%
Properties Sold ……………………….
92
Properties Sold ……………………….
90
-2.2%
Properties Pending Sale ………………
98
Properties Pending Sale ………………
100
2.0%
Properties For Sale …………….……...
234
Properties For Sale …………….……...
234
0.0%
Days on Market (Pending Sale) ….…..
48
Days on Market (Pending Sale) ….…..
49
1.1%
Percent Under Contract ………….……
41.88%
Percent Under Contract ………….……
42.74%
2.0%
WEST LOS ANGELES
SFR
Median Price ……………………..…….
$785,000
Median Price ……………………..…….
$880,000
12.1%
Average Price per Square Foot ….…
$591
Average Price per Square Foot ….…
$598
1.2%
Properties Sold ……………………….
19
Properties Sold ……………………….
25
31.6%
Properties Pending Sale ………………
17
Properties Pending Sale ………………
29
70.6%
Properties For Sale …………….……...
38
Properties For Sale …………….……...
58
52.6%
Days on Market (Pending Sale) ….…..
30
Days on Market (Pending Sale) ….…..
34
12.5%
Percent Under Contract ………….……
44.74%
Percent Under Contract ………….……
50.00%
11.8%
WESTCHESTER
SFR
Median Price ……………………..…….
$752,500
Median Price ……………………..…….
$801,750
6.5%
Average Price per Square Foot ….…
$462
Average Price per Square Foot ….…
$495
7.1%
Properties Sold ……………………….
68
Properties Sold ……………………….
62
-8.8%
Properties Pending Sale ………………
78
Properties Pending Sale ………………
82
5.1%
Properties For Sale …………….……...
118
Properties For Sale …………….……...
140
18.6%
Days on Market (Pending Sale) ….…..
37
Days on Market (Pending Sale) ….…..
36
-5.2%
Percent Under Contract ………….……
66.10%
Percent Under Contract ………….……
58.57%
-11.4%
WESTCHESTER
CONDO
Median Price ……………………..…….
$386,990
Median Price ……………………..…….
$408,000
5.4%
Average Price per Square Foot ….…
$307
Average Price per Square Foot ….…
$356
16.0%
Properties Sold ……………………….
7
Properties Sold ……………………….
5
-28.6%
Properties Pending Sale ………………
5
Properties Pending Sale ………………
4
-20.0%
Properties For Sale …………….……...
9
Properties For Sale …………….……...
10
11.1%
Days on Market (Pending Sale) ….…..
79
Days on Market (Pending Sale) ….…..
93
18.0%
Percent Under Contract ………….……
55.56%
Percent Under Contract ………….……
40.00%
-28.0%
WESTWOOD – CENTURY CITY
SFR
Median Price ……………………..…….
$1,351,250
Median Price ……………………..…….
$1,610,000
19.1%
Average Price per Square Foot ….…
$671
Average Price per Square Foot ….…
$746
11.2%
Properties Sold ……………………….
58
Properties Sold ……………………….
45
-22.4%
Properties Pending Sale ………………
46
Properties Pending Sale ………………
56
21.7%
Properties For Sale …………….……...
99
Properties For Sale …………….……...
120
21.2%
Days on Market (Pending Sale) ….…..
39
Days on Market (Pending Sale) ….…..
39
0.6%
Percent Under Contract ………….……
46.46%
Percent Under Contract ………….……
46.67%
0.4%
WESTWOOD – CENTURY CITY
CONDO
Median Price ……………………..…….
$675,000
Median Price ……………………..…….
$754,000
11.7%
Average Price per Square Foot ….…
$493
Average Price per Square Foot ….…
$658
33.5%
Properties Sold ……………………….
147
Properties Sold ……………………….
123
-16.3%
Properties Pending Sale ………………
133
Properties Pending Sale ………………
136
2.3%
Properties For Sale …………….……...
426
Properties For Sale …………….……...
453
6.3%
Days on Market (Pending Sale) ….…..
63
Days on Market (Pending Sale) ….…..
69
9.5%
Percent Under Contract ………….……
31.22%
Percent Under Contract ………….……
30.02%
-3.8%
WOODLAND HILLS
SFR
Median Price ……………………..…….
$650,000
Median Price ……………………..…….
$675,000
3.8%
Average Price per Square Foot ….…
$291
Average Price per Square Foot ….…
$324
11.3%
Properties Sold ……………………….
19
Properties Sold ……………………….
21
10.5%
Properties Pending Sale ………………
16
Properties Pending Sale ………………
21
31.2%
Properties For Sale …………….……...
45
Properties For Sale …………….……...
71
57.8%
Days on Market (Pending Sale) ….…..
69
Days on Market (Pending Sale) ….…..
62
-10.8%
Percent Under Contract ………….……
35.56%
Percent Under Contract ………….……
29.58%
-16.8%
WOODLAND HILLS
CONDO
Median Price ……………………..…….
$325,000
Median Price ……………………..…….
$322,500
-0.8%
Average Price per Square Foot ….…
$300
Average Price per Square Foot ….…
$343
14.3%
Properties Sold ……………………….
15
Properties Sold ……………………….
7
-53.3%
Properties Pending Sale ………………
15
Properties Pending Sale ………………
10
-33.3%
Properties For Sale …………….……...
23
Properties For Sale …………….……...
18
-21.7%
Days on Market (Pending Sale) ….…..
25
Days on Market (Pending Sale) ….…..
28
13.3%
Percent Under Contract ………….……
65.22%
Percent Under Contract ………….……
55.56%
-14.8%
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.