2nd Quarter 2015 Market Within A Market Report by Michael Lewis

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 â&#x20AC;&#x201C; 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 wouldnâ&#x20AC;&#x2122;t watch a weather channel report for Seattle to decide if you

need an umbrella that day would you?

WHY THIS BENEFITS YOU â&#x20AC;&#x201C; 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.

Donâ&#x20AC;&#x2122;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 ……………………..…….

$2,856,900

Median Price ……………………..…….

$2,475,000

-13.4%

Average Price per Square Foot ….…

$963

Average Price per Square Foot ….…

$1,137

18.1%

Properties Sold ……………………….

30.0%

Properties Pending Sale ………………

34.2%

Properties For Sale …………….……...

186

Properties For Sale …………….……...

183

-1.6%

Days on Market (Pending Sale) ….…..

-36.8%

Percent Under Contract ………….……

20.43%

Percent Under Contract ………….……

27.87%

36.4%

BEVERLY CENTER – MIRACLE MILE

SFR

Median Price ……………………..…….

$1,272,500

Median Price ……………………..…….

$1,452,125

14.1%

Average Price per Square Foot ….…

$662

Average Price per Square Foot ….…

$637

-3.8%

Properties Sold ……………………….

12.0%

Properties Pending Sale ………………

7.3%

Properties For Sale …………….……...

129

Properties For Sale …………….……...

116

-10.17%

Days on Market (Pending Sale) ….…..

-36.9%

Percent Under Contract ………….……

42.64%

Percent Under Contract ………….……

50.86%

19.3%

BEVERLY CENTER – MIRACLE MILE CONDO

Median Price ……………………..…….

$640,250

Median Price ……………………..…….

$627,500

-2.0%

Average Price per Square Foot ….…

$487

Average Price per Square Foot ….…

$496

1.8%

Properties Sold ……………………….

-26.7%

Properties Pending Sale ………………

-11.1%

Properties For Sale …………….……...

-20.3%

Days on Market (Pending Sale) ….…..

-61.2%

Percent Under Contract ………….……

39.13%

Percent Under Contract ………….……

43.64%

11.5%

BEVERLY HILLS

SFR

Median Price ……………………..…….

$3,875,000

Median Price ……………………..…….

$4,775,000

23.2%

Average Price per Square Foot ….…

$1,209

Average Price per Square Foot ….…

$1,344

11.2%

Properties Sold ……………………….

11.8%

Properties Pending Sale ………………

26.1%

Properties For Sale …………….……...

159

Properties For Sale …………….……...

136

-14.5%

Days on Market (Pending Sale) ….…..

9.5%

Percent Under Contract ………….……

28.93%

Percent Under Contract ………….……

42.65%

47.4%

BEVERLY HILLS

CONDO

Median Price ……………………..…….

$970,000

Median Price ……………………..…….

$1,065,000

9.8%

Average Price per Square Foot ….…

$619

Average Price per Square Foot ….…

$633

2.3%

Properties Sold ……………………….

-5.7%

Properties Pending Sale ………………

2.9%

Properties For Sale …………….……...

-8.3%

Days on Market (Pending Sale) ….…..

-1.8%

Percent Under Contract ………….……

35.42%

Percent Under Contract ………….……

39.77%

12.3%

BEVERLY HILLS P.O.

SFR

Median Price ……………………..…….

$2,152,500

Median Price ……………………..…….

$2,700,000

25.4%

Average Price per Square Foot ….…

$804

Average Price per Square Foot ….…

$863

7.3%

Properties Sold ……………………….

-20.5%

Properties Pending Sale ………………

21.1%

Properties For Sale …………….……...

202

Properties For Sale …………….……...

208

3.0%

Days on Market (Pending Sale) ….…..

-9.6%

Percent Under Contract ………….……

18.81%

Percent Under Contract ………….……

22.12%

17.6%

BEVERLYWOOD

SFR

Median Price ……………………..…….

$910,00

Median Price ……………………..…….

$969,000

6.5%

Average Price per Square Foot ….…

$586

Average Price per Square Foot ….…

$620

5.8%

Properties Sold ……………………….

-7.3%

Properties Pending Sale ………………

6.8%

Properties For Sale …………….……...

141

Properties For Sale …………….……...

111

-21.3%

Days on Market (Pending Sale) ….…..

-43.6%

Percent Under Contract ………….……

41.84%

Percent Under Contract ………….……

56.76%

35.6%

BRENTWOOD

SFR

Median Price ……………………..…….

$2,775,000

Median Price ……………………..…….

$2,832,500

2.1%

Average Price per Square Foot ….…

$971

Average Price per Square Foot ….…

$926

-4.6%

Properties Sold ……………………….

-4.3%

Properties Pending Sale ………………

-11.9%

Properties For Sale …………….……...

203

Properties For Sale …………….……...

205

1.0%

Days on Market (Pending Sale) ….…..

-28.6%

Percent Under Contract ………….……

33.00%

Percent Under Contract ………….……

28.78%

-12.8%

BRENTWOOD

CONDO

Median Price ……………………..…….

$635,000

Median Price ……………………..…….

$784,500

23.5%

Average Price per Square Foot ….…

$505

Average Price per Square Foot ….…

$550

8.9%

Properties Sold ……………………….

1.9%

Properties Pending Sale ………………

16.4%

Properties For Sale …………….……...

140

Properties For Sale …………….……...

130

-7.1%

Days on Market (Pending Sale) ….…..

-6.2%

Percent Under Contract ………….……

39.29%

Percent Under Contract ………….……

49.23%

25.3%

BURBANK

SFR

Median Price ……………………..…….

$647,000

Median Price ……………………..…….

$682,000

5.4%

Average Price per Square Foot ….…

$401

Average Price per Square Foot ….…

$445

11.0%

Properties Sold ……………………….

135

Properties Sold ……………………….

157

16.3%

Properties Pending Sale ………………

148

Properties Pending Sale ………………

162

9.5%

Properties For Sale …………….……...

307

Properties For Sale …………….……...

307

0.0%

Days on Market (Pending Sale) ….…..

-24.2%

Percent Under Contract ………….……

48.21%

Percent Under Contract ………….……

52.77%

9.5%

BURBANK

CONDO

Median Price ……………………..…….

$397,000

Median Price ……………………..…….

$438,000

10.3%

Average Price per Square Foot ….…

$331

Average Price per Square Foot ….…

$355

7.3%

Properties Sold ……………………….

33.3%

Properties Pending Sale ………………

60.7%

Properties For Sale …………….……...

-26.4%

Days on Market (Pending Sale) ….…..

-22.9%

Percent Under Contract ………….……

32.18%

Percent Under Contract ………….……

70.31%

118.5%

CALABASAS

SFR

Median Price ……………………..…….

$1,008,000

Median Price ……………………..…….

$1,262,500

25.2%

Average Price per Square Foot ….…

$406

Average Price per Square Foot ….…

$453

11.6%

Properties Sold ……………………….

-1.3%

Properties Pending Sale ………………

16.5%

Properties For Sale …………….……...

238

Properties For Sale …………….……...

262

10.1%

Days on Market (Pending Sale) ….…..

-22.0%

Percent Under Contract ………….……

33.19%

Percent Under Contract ………….……

35.11%

5.8%

CALABASAS

CONDO

Median Price ……………………..…….

$395,000

Median Price ……………………..…….

$420,000

6.3%

Average Price per Square Foot ….…

$372

Average Price per Square Foot ….…

$344

-7.5%

Properties Sold ……………………….

-9.1%

Properties Pending Sale ………………

42.9%

Properties For Sale …………….……...

16.7%

Days on Market (Pending Sale) ….…..

7.9%

Percent Under Contract ………….……

38.89%

Percent Under Contract ………….……

47.62%

22.4%

CHEVIOT HILLS-RANCH PARK

SFR

Median Price ……………………..…….

$1,660,000

Median Price ……………………..…….

$1,630,500

-1.8%

Average Price per Square Foot ….…

$730

Average Price per Square Foot ….…

$741

1.5%

Properties Sold ……………………….

-18.5%

Properties Pending Sale ………………

-8.3%

Properties For Sale …………….……...

6.8%

Days on Market (Pending Sale) ….…..

-6.9%

Percent Under Contract ………….……

54.55%

Percent Under Contract ………….……

46.81%

-14.2%

CULVER CITY

SFR

Median Price ……………………..…….

$862,500

Median Price ……………………..…….

$978,500

13.4%

Average Price per Square Foot ….…

$569

Average Price per Square Foot ….…

$630

10.7%

Properties Sold ……………………….

-17.2%

Properties Pending Sale ………………

23.8%

Properties For Sale …………….……...

107

15.1%

Days on Market (Pending Sale) ….…..

-18.7%

Percent Under Contract ………….……

45.16%

Percent Under Contract ………….……

48.60%

7.6%

CULVER CITY

CONDO

Median Price ……………………..…….

$391,500

Median Price ……………………..…….

$435,000

11.1%

Average Price per Square Foot ….…

$390

Average Price per Square Foot ….…

$423

8.5%

Properties Sold ……………………….

17.0%

Properties Pending Sale ………………

3.6%

Properties For Sale …………….……...

113

Properties For Sale …………….……...

-29.2%

Days on Market (Pending Sale) ….…..

-19.3%

Percent Under Contract ………….……

48.67%

Percent Under Contract ………….……

71.25%

46.4%

DOWNTOWN

SFR

Median Price ……………………..…….

$250,000

Median Price ……………………..…….

$295,000

18.0%

Average Price per Square Foot ….…

$200

Average Price per Square Foot ….…

$246

23.0%

Properties Sold ……………………….

-31.0%

Properties Pending Sale ………………

20.8%

Properties For Sale …………….……...

-5.3%

Days on Market (Pending Sale) ….…..

-1.9%

Percent Under Contract ………….……

25.53%

Percent Under Contract ………….……

32.58%

27.6%

DOWNTOWN

CONDO

Median Price ……………………..…….

$557,500

Median Price ……………………..…….

$603,000

8.2%

Average Price per Square Foot ….…

$535

Average Price per Square Foot ….…

$605

13.1%

Properties Sold ……………………….

134

Properties Sold ……………………….

124

-7.5%

Properties Pending Sale ………………

134

Properties Pending Sale ………………

117

-12.7%

Properties For Sale …………….……...

332

Properties For Sale …………….……...

279

-16.0%

Days on Market (Pending Sale) ….…..

-14.4%

Percent Under Contract ………….……

40.36%

Percent Under Contract ………….……

41.94%

3.9%

ENCINO

SFR

Median Price ……………………..…….

$1,000,000

Median Price ……………………..…….

$1,151,500

15.2%

Average Price per Square Foot ….…

$435

Average Price per Square Foot ….…

$463

6.4%

Properties Sold ……………………….

119

Properties Sold ……………………….

127

6.7%

Properties Pending Sale ………………

129

Properties Pending Sale ………………

140

8.5%

Properties For Sale …………….……...

370

Properties For Sale …………….……...

363

-1.9%

Days on Market (Pending Sale) ….…..

-6.0%

Percent Under Contract ………….……

34.86%

Percent Under Contract ………….……

38.57%

10.6%

ENCINO

CONDO

Median Price ……………………..…….

$330,000

Median Price ……………………..…….

$335,000

1.5%

Average Price per Square Foot ….…

$252

Average Price per Square Foot ….…

$283

12.3%

Properties Sold ……………………….

26.5%

Properties Pending Sale ………………

83.9%

Properties For Sale …………….……...

116

17.2%

Days on Market (Pending Sale) ….…..

-6.6%

Percent Under Contract ………….……

31.31%

Percent Under Contract ………….……

49.14%

56.9%

HANCOCK PARK-WILSHIRE

SFR

Median Price ……………………..…….

$1,290,000

Median Price ……………………..…….

$1,290,000

0.0%

Average Price per Square Foot ….…

$600

Average Price per Square Foot ….…

$649

8.2%

Properties Sold ……………………….

14.5%

Properties Pending Sale ………………

-1.2%

Properties For Sale …………….……...

222

Properties For Sale …………….……...

205

-7.7%

Days on Market (Pending Sale) ….…..

-28.0%

Percent Under Contract ………….……

36.04%

Percent Under Contract ………….……

38.54%

6.9%

HOLLYWOOD

SFR

Median Price ……………………..…….

$1,040,000

Median Price ……………………..…….

$850,000

-18.3%

Average Price per Square Foot ….…

$553

Average Price per Square Foot ….…

$591

6.9%

Properties Sold ……………………….

0.0%

Properties Pending Sale ………………

-10.0%

Properties For Sale …………….……...

-15.4%

Days on Market (Pending Sale) ….…..

-35.4%

Percent Under Contract ………….……

38.46%

Percent Under Contract ………….……

40.91%

6.4%

HOLLYWOOD

CONDO

Median Price ……………………..…….

$575,000

Median Price ……………………..…….

$585,388

1.8%

Average Price per Square Foot ….…

$549

Average Price per Square Foot ….…

$541

-1.5%

Properties Sold ……………………….

-48.9%

Properties Pending Sale ………………

-35.9%

Properties For Sale …………….……...

-32.5%

Days on Market (Pending Sale) ….…..

-34.7%

Percent Under Contract ………….……

46.99%

Percent Under Contract ………….……

44.64%

-5.0%

HOLLYWOOD HILLS EAST

SFR

Median Price ……………………..…….

$1,103,325

Median Price ……………………..…….

$1,304,000

18.2%

Average Price per Square Foot ….…

$547

Average Price per Square Foot ….…

$580

6.0%

Properties Sold ……………………….

0.0%

Properties Pending Sale ………………

4.8%

Properties For Sale …………….……...

124

Properties For Sale …………….……...

124

0.0%

Days on Market (Pending Sale) ….…..

-18.5%

Percent Under Contract ………….……

33.87%

Percent Under Contract ………….……

35.48%

4.8%

LOS FELIZ

SFR

Median Price ……………………..…….

$1,201,000

Median Price ……………………..…….

$1,247,550

3.9%

Average Price per Square Foot ….…

$632

Average Price per Square Foot ….…

$641

1.4%

Properties Sold ……………………….

-18.3%

Properties Pending Sale ………………

-28.7%

Properties For Sale …………….……...

196

Properties For Sale …………….……...

145

-26.0%

Days on Market (Pending Sale) ….…..

-15.1%

Percent Under Contract ………….……

40.82%

Percent Under Contract ………….……

39.31%

-3.7%

LOS FELIZ

CONDO

Median Price ……………………..…….

$510,000

Median Price ……………………..…….

$559,950

9.8%

Average Price per Square Foot ….…

$448

Average Price per Square Foot ….…

$508

13.4%

Properties Sold ……………………….

-33.3%

Properties Pending Sale ………………

-37.5%

Properties For Sale …………….……...

-41.2%

Days on Market (Pending Sale) ….…..

-29.6%

Percent Under Contract ………….……

47.06%

Percent Under Contract ………….……

50.00%

6.3%

MALIBU

SFR

Median Price ……………………..…….

$2,200,000

Median Price ……………………..…….

$2,325,000

5.7%

Average Price per Square Foot ….…

$741

Average Price per Square Foot ….…

$795

7.3%

Properties Sold ……………………….

-2.1%

Properties Pending Sale ………………

-7.0%

Properties For Sale …………….……...

309

Properties For Sale …………….……...

270

-12.6%

Days on Market (Pending Sale) ….…..

129

Days on Market (Pending Sale) ….…..

106

-17.6%

Percent Under Contract ………….……

13.92%

Percent Under Contract ………….……

14.81%

6.5%

MALIBU BEACH

SFR

Median Price ……………………..…….

$4,731,250

Median Price ……………………..…….

$5,175,000

9.4%

Average Price per Square Foot ….…

$1,709

Average Price per Square Foot ….…

$1,944

13.8%

Properties Sold ……………………….

11.1%

Properties Pending Sale ………………

0.0%

Properties For Sale …………….……...

109

Properties For Sale …………….……...

-14.7%

Days on Market (Pending Sale) ….…..

160

Days on Market (Pending Sale) ….…..

157

-2.4%

Percent Under Contract ………….……

11.01%

Percent Under Contract ………….……

12.90%

17.2%

MARINA DEL REY

SFR

Median Price ……………………..…….

$1,720,000

Median Price ……………………..…….

$1,312,500

-23.7%

Average Price per Square Foot ….…

$599

Average Price per Square Foot ….…

$739

23.4%

Properties Sold ……………………….

-56.5%

Properties Pending Sale ………………

-38.5%

Properties For Sale …………….……...

-11.1%

Days on Market (Pending Sale) ….…..

-56.5%

Percent Under Contract ………….……

36.11%

Percent Under Contract ………….……

25%

-30.8%

MARINA DEL REY

CONDO

Median Price ……………………..…….

$845,000

Median Price ……………………..…….

$838,000

-0.8%

Average Price per Square Foot ….…

$581

Average Price per Square Foot ….…

$650

11.9%

Properties Sold ……………………….

-11.4%

Properties Pending Sale ………………

-16.7%

Properties For Sale …………….……...

211

Properties For Sale …………….……...

166

-21.3%

Days on Market (Pending Sale) ….…..

-8.4%

Percent Under Contract ………….……

36.97%

Percent Under Contract ………….……

39.16%

5.9%

MID LOS ANGELES

SFR

Median Price ……………………..…….

$481,000

Median Price ……………………..…….

$517,500

7.6%

Average Price per Square Foot ….…

$310

Average Price per Square Foot ….…

$352

13.5%

Properties Sold ……………………….

4.5%

Properties Pending Sale ………………

114

16.3%

Properties For Sale …………….……...

265

Properties For Sale …………….……...

245

-7.5%

Days on Market (Pending Sale) ….…..

-10.7%

Percent Under Contract ………….……

36.98%

Percent Under Contract ………….……

46.53%

25.8%

MID WILSHIRE

SFR

Median Price ……………………..…….

$685,000

Median Price ……………………..…….

$780,000

13.9%

Average Price per Square Foot ….…

$326

Average Price per Square Foot ….…

$390

19.6%

Properties Sold ……………………….

10.0%

Properties Pending Sale ………………

-25.0%

Properties For Sale …………….……...

-33.9%

Days on Market (Pending Sale) ….…..

-4.2%

Percent Under Contract ………….……

25.81%

Percent Under Contract ………….……

29.27%

13.4%

PACIFIC PALISADES

SFR

Median Price ……………………..…….

$2,550,000

Median Price ……………………..…….

$2,534,500

-0.6%

Average Price per Square Foot ….…

$890

Average Price per Square Foot ….…

$1,039

16.7%

Properties Sold ……………………….

4.4%

Properties Pending Sale ………………

114

Properties Pending Sale ………………

-27.2%

Properties For Sale …………….……...

226

Properties For Sale …………….……...

213

-5.8%

Days on Market (Pending Sale) ….…..

-31.0%

Percent Under Contract ………….……

50.44%

Percent Under Contract ………….……

38.97%

-22.7%

PALMS – MAR VISTA

SFR

Median Price ……………………..…….

$980,000

Median Price ……………………..…….

$1,160,000

18.4%

Average Price per Square Foot ….…

$662

Average Price per Square Foot ….…

$716

8.2%

Properties Sold ……………………….

6.7%

Properties Pending Sale ………………

116

17.2%

Properties For Sale …………….……...

186

Properties For Sale …………….……...

175

-5.9%

Days on Market (Pending Sale) ….…..

-10.8%

Percent Under Contract ………….……

53.23%

Percent Under Contract ………….……

66.29%

24.5%

SANTA MONICA

SFR

Median Price ……………………..…….

$1,840,00

Median Price ……………………..…….

$2,287,000

24.3%

Average Price per Square Foot ….…

$951

Average Price per Square Foot ….…

$1,101

15.8%

Properties Sold ……………………….

1.5%

Properties Pending Sale ………………

7.5%

Properties For Sale …………….……...

169

Properties For Sale …………….……...

170

0.6%

Days on Market (Pending Sale) ….…..

-41.2%

Percent Under Contract ………….……

47.34%

Percent Under Contract ………….……

50.59%

6.9%

SANTA MONICA

CONDO

Median Price ……………………..…….

$900,000

Median Price ……………………..…….

$1,060,000

17.8%

Average Price per Square Foot ….…

$897

Average Price per Square Foot ….…

$939

4.7%

Properties Sold ……………………….

101

Properties Sold ……………………….

-5.9%

Properties Pending Sale ………………

109

12.4%

Properties For Sale …………….……...

221

Properties For Sale …………….……...

237

7.2%

Days on Market (Pending Sale) ….…..

-11.5%

Percent Under Contract ………….……

43.89%

Percent Under Contract ………….……

45.99%

4.8%

SHERMAN OAKS

SFR

Median Price ……………………..…….

$937,500

Median Price ……………………..…….

$1,090,00

16.3%

Average Price per Square Foot ….…

$446

Average Price per Square Foot ….…

$493

10.5%

Properties Sold ……………………….

175

Properties Sold ……………………….

163

-6.9%

Properties Pending Sale ………………

178

Properties Pending Sale ………………

176

-1.1%

Properties For Sale …………….……...

423

Properties For Sale …………….……...

400

-5.4%

Days on Market (Pending Sale) ….…..

-25.4%

Percent Under Contract ………….……

42.08%

Percent Under Contract ………….……

44.00%

4.6%

SHERMAN OAKS

CONDO

Median Price ……………………..…….

$389,950

Median Price ……………………..…….

$425,000

9.0%

Average Price per Square Foot ….…

$317

Average Price per Square Foot ….…

$331

4.4%

Properties Sold ……………………….

19.6%

Properties Pending Sale ………………

57.4%

Properties For Sale …………….……...

152

Properties For Sale …………….……...

137

-9.9%

Days on Market (Pending Sale) ….…..

-17.9%

Percent Under Contract ………….……

35.53%

Percent Under Contract ………….……

62.04%

74.6%

SILVER LAKE – ECHO PARK

SFR

Median Price ……………………..…….

$825,000

Median Price ……………………..…….

$817,500

-0.9%

Average Price per Square Foot ….…

$538

Average Price per Square Foot ….…

$574

6.7%

Properties Sold ……………………….

-18.7%

Properties Pending Sale ………………

-8.0%

Properties For Sale …………….……...

198

Properties For Sale …………….……...

174

-12.1%

Days on Market (Pending Sale) ….…..

-12.4%

Percent Under Contract ………….……

43.94%

Percent Under Contract ………….……

45.98%

4.6%

STUDIO CITY

SFR

Median Price ……………………..…….

$1,200,000

Median Price ……………………..…….

$1,200,000

0.0%

Average Price per Square Foot ….…

$545

Average Price per Square Foot ….…

$561

2.9%

Properties Sold ……………………….

105

Properties Sold ……………………….

-13.3%

Properties Pending Sale ………………

105

Properties Pending Sale ………………

101

-3.8%

Properties For Sale …………….……...

259

Properties For Sale …………….……...

242

-6.6%

Days on Market (Pending Sale) ….…..

-8.4%

Percent Under Contract ………….……

40.54%

Percent Under Contract ………….……

41.74%

2.9%

STUDIO CITY

CONDO

Median Price ……………………..…….

$480,000

Median Price ……………………..…….

$549,500

14.5%

Average Price per Square Foot ….…

$373

Average Price per Square Foot ….…

$414

11.0%

Properties Sold ……………………….

72.7%

Properties Pending Sale ………………

38.7%

Properties For Sale …………….……...

4.7%

Days on Market (Pending Sale) ….…..

-33.3%

Percent Under Contract ………….……

36.05%

Percent Under Contract ………….……

47.78%

32.5%

SUNSET STRIP – HOLLYWOOD HILLS WEST

SFR

Median Price ……………………..…….

$1,699,00

Median Price ……………………..…….

$1,750,000

3.0%

Average Price per Square Foot ….…

$761

Average Price per Square Foot ….…

$899

18.1%

Properties Sold ……………………….

111

Properties Sold ……………………….

115

3.6%

Properties Pending Sale ………………

122

Properties Pending Sale ………………

126

3.3%

Properties For Sale …………….……...

457

Properties For Sale …………….……...

471

3.1%

Days on Market (Pending Sale) ….…..

-19.0%

Percent Under Contract ………….……

26.70%

Percent Under Contract ………….……

26.75%

0.2%

SUNSET STRIP – HOLLYWOOD HILLS WEST

CONDO

Median Price ……………………..…….

$462,500

Median Price ……………………..…….

$488,888

5.7%

Average Price per Square Foot ….…

$651

Average Price per Square Foot ….…

$469

-28.0%

Properties Sold ……………………….

-16.7%

Properties Pending Sale ………………

3.8%

Properties For Sale …………….……...

-18.6%

Days on Market (Pending Sale) ….…..

-11.2%

Percent Under Contract ………….……

37.14%

Percent Under Contract ………….……

47.37%

27.5%

TOPANGA

SFR

Median Price ……………………..…….

$977,500

Median Price ……………………..…….

$880,000

-10.0%

Average Price per Square Foot ….…

$560

Average Price per Square Foot ….…

$503

-10.2%

Properties Sold ……………………….

-26.5%

Properties Pending Sale ………………

-27.6%

Properties For Sale …………….……...

103

Properties For Sale …………….……...

112

8.7%

Days on Market (Pending Sale) ….…..

-21.6%

Percent Under Contract ………….……

28.16%

Percent Under Contract ………….……

18.75%

-33.4%

VENICE

SFR

Median Price ……………………..…….

$1,600,000

Median Price ……………………..…….

$2,015,00

25.9%

Average Price per Square Foot ….…

$906

Average Price per Square Foot ….…

$1,002

10.6%

Properties Sold ……………………….

-14.1%

Properties Pending Sale ………………

-3.2%

Properties For Sale …………….……...

126

Properties For Sale …………….……...

143

13.5%

Days on Market (Pending Sale) ….…..

15.4%

Percent Under Contract ………….……

49.21%

Percent Under Contract ………….……

41.96%

-14.7%

VENICE

CONDO

Median Price ……………………..…….

$1,100,650

Median Price ……………………..…….

$1,383,000

25.7%

Average Price per Square Foot ….…

$804

Average Price per Square Foot ….…

$690

-14.2%

Properties Sold ……………………….

-20.0%

Properties Pending Sale ………………

-10.0%

Properties For Sale …………….……...

-19.4%

Days on Market (Pending Sale) ….…..

141

106.3%

Percent Under Contract ………….……

27.78%

Percent Under Contract ………….……

31.03%

11.7%

WEST HOLLYWOOD

SFR

Median Price ……………………..…….

$1,253,260

Median Price ……………………..…….

$1,590,500

26.9%

Average Price per Square Foot ….…

$762

Average Price per Square Foot ….…

$827

8.5%

Properties Sold ……………………….

-2.9%

Properties Pending Sale ………………

-10.3%

Properties For Sale …………….……...

-1.2%

Days on Market (Pending Sale) ….…..

-35.4%

Percent Under Contract ………….……

35.80%

Percent Under Contract ………….……

32.50%

-9.2%

WEST HOLLYWOOD

CONDO

Median Price ……………………..…….

$602,500

Median Price ……………………..…….

$610,000

1.2%

Average Price per Square Foot ….…

$559

Average Price per Square Foot ….…

$605

8.2%

Properties Sold ……………………….

103

12.0%

Properties Pending Sale ………………

109

11.2%

Properties For Sale …………….……...

238

Properties For Sale …………….……...

227

-4.6%

Days on Market (Pending Sale) ….…..

-2.3%

Percent Under Contract ………….……

41.18%

Percent Under Contract ………….……

48.02%

16.6%

WEST LOS ANGELES

SFR

Median Price ……………………..…….

$880,000

Median Price ……………………..…….

$930,775

5.8%

Average Price per Square Foot ….…

$573

Average Price per Square Foot ….…

$624

8.9%

Properties Sold ……………………….

-17.1%

Properties Pending Sale ………………

0.0%

Properties For Sale …………….……...

-11.3%

Days on Market (Pending Sale) ….…..

10.1%

Percent Under Contract ………….……

50.70%

Percent Under Contract ………….……

57.14%

12.7%

WEST LOS ANGELES

CONDO

Median Price ……………………..…….

$620,000

Median Price ……………………..…….

$675,000

8.9%

Average Price per Square Foot ….…

$476

Average Price per Square Foot ….…

$498

4.6%

Properties Sold ……………………….

28.2%

Properties Pending Sale ………………

12.8%

Properties For Sale …………….……...

-20.2%

Days on Market (Pending Sale) ….…..

-3.2%

Percent Under Contract ………….……

41.49%

Percent Under Contract ………….……

58.67%

41.40%

WESTCHESTER

SFR

Median Price ……………………..…….

$811,000

Median Price ……………………..…….

$930,000

14.7%

Average Price per Square Foot ….…

$495

Average Price per Square Foot ….…

$568

14.7%

Properties Sold ……………………….

-3.7%

Properties Pending Sale ………………

-15.3%

Properties For Sale …………….……...

175

Properties For Sale …………….……...

126

-28.0%

Days on Market (Pending Sale) ….…..

-36.5%

Percent Under Contract ………….……

56.00%

Percent Under Contract ………….……

65.87%

17.6%

WESTCHESTER

CONDO

Median Price ……………………..…….

$399,000

Median Price ……………………..…….

$467,500

17.2%

Average Price per Square Foot ….…

$354

Average Price per Square Foot ….…

$396

11.9%

Properties Sold ……………………….

-9.1%

Properties Pending Sale ………………

12.5%

Properties For Sale …………….……...

-23.8%

Days on Market (Pending Sale) ….…..

-46.8%

Percent Under Contract ………….……

38.10%

Percent Under Contract ………….……

56.25%

47.7%

WESTWOOD – CENTURY CITY

SFR

Median Price ……………………..…….

$1,610,000

Median Price ……………………..…….

$1,685,000

4.7%

Average Price per Square Foot ….…

$746

Average Price per Square Foot ….…

$771

3.4%

Properties Sold ……………………….

-15.6%

Properties Pending Sale ………………

-35.1%

Properties For Sale …………….……...

126

Properties For Sale …………….……...

104

-17.5%

Days on Market (Pending Sale) ….…..

-47.3%

Percent Under Contract ………….……

45.24%

Percent Under Contract ………….……

35.58%

-21.4%

WESTWOOD – CENTURY CITY

CONDO

Median Price ……………………..…….

$729,000

Median Price ……………………..…….

$765,000

4.9%

Average Price per Square Foot ….…

$657

Average Price per Square Foot ….…

$623

-5.2%

Properties Sold ……………………….

135

Properties Sold ……………………….

153

13.3%

Properties Pending Sale ………………

139

Properties Pending Sale ………………

158

13.7%

Properties For Sale …………….……...

482

Properties For Sale …………….……...

444

-7.9%

Days on Market (Pending Sale) ….…..

-15.0%

Percent Under Contract ………….……

28.84%

Percent Under Contract ………….……

35.59%

23.4%

WOODLAND HILLS

SFR

Median Price ……………………..…….

$685,000

Median Price ……………………..…….

$735,000

7.3%

Average Price per Square Foot ….…

$313

Average Price per Square Foot ….…

$332

6.1%

Properties Sold ……………………….

197

Properties Sold ……………………….

187

-5.1%

Properties Pending Sale ………………

185

Properties Pending Sale ………………

216

16.8%

Properties For Sale …………….……...

488

Properties For Sale …………….……...

484

-0.8%

Days on Market (Pending Sale) ….…..

-25.0%

Percent Under Contract ………….……

37.91%

Percent Under Contract ………….……

44.63%

17.7%

WOODLAND HILLS

CONDO

Median Price ……………………..…….

$346,500

Median Price ……………………..…….

$384,000

10.8%

Average Price per Square Foot ….…

$356

Average Price per Square Foot ….…

$353

-0.8%

Properties Sold ……………………….

65.4%

Properties Pending Sale ………………

79.2%

Properties For Sale …………….……...

23.7%

Days on Market (Pending Sale) ….…..

-33.0%

Percent Under Contract ………….……

40.68%

Percent Under Contract ………….……

58.90%

44.80%

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) donâ&#x20AC;&#x2122;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.