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 ……………………..…….
$1,510,000
Median Price ……………………..…….
$1,925,000
27.5%
Average Price per Square Foot ….…
$628
Average Price per Square Foot ….…
$962
53.2%
Properties Sold ……………………….
35
Properties Sold ……………………….
34
-2.9%
Properties Pending Sale ………………
34
Properties Pending Sale ………………
47
38.2%
Properties For Sale …………….……...
188
Properties For Sale …………….……...
185
-1.6%
Days on Market (Pending Sale) ….…..
85
Days on Market (Pending Sale) ….…..
74
-12.1%
Percent Under Contract ………….……
18.09%
Percent Under Contract ………….……
25.41%
40.5%
BEVERLY CENTER – MIRACLE MILE
SFR
Median Price ……………………..…….
$920,000
Median Price ……………………..…….
$1,170,000
27.2%
Average Price per Square Foot ….…
$498
Average Price per Square Foot ….…
$612
22.9%
Properties Sold ……………………….
56
Properties Sold ……………………….
59
5.4%
Properties Pending Sale ………………
59
Properties Pending Sale ………………
63
6.8%
Properties For Sale …………….……...
119
Properties For Sale …………….……...
104
-12.6%
Days on Market (Pending Sale) ….…..
69
Days on Market (Pending Sale) ….…..
52
-24.9%
Percent Under Contract ………….……
49.58%
Percent Under Contract ………….……
60.58%
22.2%
BEVERLY CENTER – MIRACLE MILE
CONDO
Median Price ……………………..…….
$544,500
Median Price ……………………..…….
$639,000
17.4%
Average Price per Square Foot ….…
$422
Average Price per Square Foot ….…
$446
5.7%
Properties Sold ……………………….
22
Properties Sold ……………………….
19
-13.6%
Properties Pending Sale ………………
19
Properties Pending Sale ………………
30
57.9%
Properties For Sale …………….……...
53
Properties For Sale …………….……...
66
24.5%
Days on Market (Pending Sale) ….…..
44
Days on Market (Pending Sale) ….…..
35
-19.0%
Percent Under Contract ………….……
35.85%
Percent Under Contract ………….……
45.45%
26.8%
BEVERLY HILLS
SFR
Median Price ……………………..…….
$3,425,000
Median Price ……………………..…….
$4,762,500
39.1%
Average Price per Square Foot ….…
$898
Average Price per Square Foot ….…
$1,094
21.8%
Properties Sold ……………………….
36
Properties Sold ……………………….
48
33.3%
Properties Pending Sale ………………
46
Properties Pending Sale ………………
43
-6.5%
Properties For Sale …………….……...
193
Properties For Sale …………….……...
172
-10.9%
Days on Market (Pending Sale) ….…..
98
Days on Market (Pending Sale) ….…..
70
-29.4%
Percent Under Contract ………….……
23.83%
Percent Under Contract ………….……
25.00%
4.9%
BEVERLY HILLS
CONDO
Median Price ……………………..…….
$946,680
Median Price ……………………..…….
$843,900
-10.9%
Average Price per Square Foot ….…
$764
Average Price per Square Foot ….…
$735
-3.8%
Properties Sold ……………………….
31
Properties Sold ……………………….
23
-25.8%
Properties Pending Sale ………………
33
Properties Pending Sale ………………
23
-30.3%
Properties For Sale …………….……...
104
Properties For Sale …………….……...
73
-29.8%
Days on Market (Pending Sale) ….…..
109
Days on Market (Pending Sale) ….…..
50
-53.7%
Percent Under Contract ………….……
31.73%
Percent Under Contract ………….……
31.51%
-0.7%
BEVERLY HILLS P.O.
SFR
Median Price ……………………..…….
$1,925,000
Median Price ……………………..…….
$2,125,000
10.4%
Average Price per Square Foot ….…
$594
Average Price per Square Foot ….…
$739
24.4%
Properties Sold ……………………….
37
Properties Sold ……………………….
47
27.0%
Properties Pending Sale ………………
39
Properties Pending Sale ………………
49
25.6%
Properties For Sale …………….……...
182
Properties For Sale …………….……...
207
13.7%
Days on Market (Pending Sale) ….…..
111
Days on Market (Pending Sale) ….…..
66
-40.4%
Percent Under Contract ………….……
21.43%
Percent Under Contract ………….……
23.67%
10.5%
BEVERLYWOOD
SFR
Median Price ……………………..…….
$775,000
Median Price ……………………..…….
$955,000
23.2%
Average Price per Square Foot ….…
$457
Average Price per Square Foot ….…
$519
13.6%
Properties Sold ……………………….
54
Properties Sold ……………………….
37
-31.5%
Properties Pending Sale ………………
38
Properties Pending Sale ………………
48
26.3%
Properties For Sale …………….……...
93
Properties For Sale …………….……...
94
1.1%
Days on Market (Pending Sale) ….…..
49
Days on Market (Pending Sale) ….…..
45
-9.3%
Percent Under Contract ………….……
40.86%
Percent Under Contract ………….……
51.06%
25.0%
BRENTWOOD
SFR
Median Price ……………………..…….
$1,850,000
Median Price ……………………..…….
$2,355,000
27.3%
Average Price per Square Foot ….…
$892
Average Price per Square Foot ….…
$843
-5.5%
Properties Sold ……………………….
65
Properties Sold ……………………….
59
-9.2%
Properties Pending Sale ………………
62
Properties Pending Sale ………………
53
-14.5%
Properties For Sale …………….……...
200
Properties For Sale …………….……...
169
-15.5%
Days on Market (Pending Sale) ….…..
81
Days on Market (Pending Sale) ….…..
63
-21.9%
Percent Under Contract ………….……
31.00%
Percent Under Contract ………….……
31.36%
1.2%
BRENTWOOD
CONDO
Median Price ……………………..…….
$641,500
Median Price ……………………..…….
$686,000
6.9%
Average Price per Square Foot ….…
$439
Average Price per Square Foot ….…
$509
15.9%
Properties Sold ……………………….
44
Properties Sold ……………………….
58
31.8%
Properties Pending Sale ………………
39
Properties Pending Sale ………………
51
30.8%
Properties For Sale …………….……...
110
Properties For Sale …………….……...
119
8.2%
Days on Market (Pending Sale) ….…..
73
Days on Market (Pending Sale) ….…..
45
-38.4%
Percent Under Contract ………….……
35.45%
Percent Under Contract ………….……
42.86%
20.9%
BURBANK
SFR
Median Price ……………………..…….
$503,000
Median Price ……………………..…….
$644,450
28.1%
Average Price per Square Foot ….…
$345
Average Price per Square Foot ….…
$404
17.1%
Properties Sold ……………………….
15
Properties Sold ……………………….
6
-60.0%
Properties Pending Sale ………………
14
Properties Pending Sale ………………
17
21.4%
Properties For Sale …………….……...
31
Properties For Sale …………….……...
26
-16.1%
Days on Market (Pending Sale) ….…..
65
Days on Market (Pending Sale) ….…..
38
-42.0%
Percent Under Contract ………….……
45.16%
Percent Under Contract ………….……
65.38%
44.8%
BURBANK
CONDO
Median Price ……………………..…….
$315,000
Median Price ……………………..…….
$425,950
35.2%
Average Price per Square Foot ….…
$237
Average Price per Square Foot ….…
$304
28.3%
Properties Sold ……………………….
7
Properties Sold ……………………….
6
-14.3%
Properties Pending Sale ………………
6
Properties Pending Sale ………………
10
66.7%
Properties For Sale …………….……...
8
Properties For Sale …………….……...
14
75.0%
Days on Market (Pending Sale) ….…..
30
Days on Market (Pending Sale) ….…..
40
36.5%
Percent Under Contract ………….……
75.00%
Percent Under Contract ………….……
71.43%
-4.8%
CALABASAS
SFR
Median Price ……………………..…….
$790,000
Median Price ……………………..…….
$1,027,500
30.1%
Average Price per Square Foot ….…
$346
Average Price per Square Foot ….…
$366
5.8%
Properties Sold ……………………….
7
Properties Sold ……………………….
8
14.3%
Properties Pending Sale ………………
4
Properties Pending Sale ………………
10
150.0%
Properties For Sale …………….……...
29
Properties For Sale …………….……...
31
6.9%
Days on Market (Pending Sale) ….…..
82
Days on Market (Pending Sale) ….…..
65
-21.7%
Percent Under Contract ………….……
13.79%
Percent Under Contract ………….……
32.26%
133.9%
CHEVIOT HILLS-RANCH PARK
SFR
Median Price ……………………..…….
$1,355,000
Median Price ……………………..…….
$1,385,000
3.7%
Average Price per Square Foot ….…
$489
Average Price per Square Foot ….…
$640
30.9%
Properties Sold ……………………….
15
Properties Sold ……………………….
24
60.0%
Properties Pending Sale ………………
13
Properties Pending Sale ………………
24
84.6%
Properties For Sale …………….……...
39
Properties For Sale …………….……...
38
-2.6%
Days on Market (Pending Sale) ….…..
61
Days on Market (Pending Sale) ….…..
45
-26.1%
Percent Under Contract ………….……
33.33%
Percent Under Contract ………….……
63.16%
89.5%
CULVER CITY
SFR
Median Price ……………………..…….
$722,500
Median Price ……………………..…….
$817,500
13.1%
Average Price per Square Foot ….…
$458
Average Price per Square Foot ….…
$516
12.7%
Properties Sold ……………………….
56
Properties Sold ……………………….
64
14.3%
Properties Pending Sale ………………
53
Properties Pending Sale ………………
54
1.9%
Properties For Sale …………….……...
109
Properties For Sale …………….……...
96
-11.9%
Days on Market (Pending Sale) ….…..
54
Days on Market (Pending Sale) ….…..
37
-31.2%
Percent Under Contract ………….……
48.62%
Percent Under Contract ………….……
56.25%
15.7%
CULVER CITY
CONDO
Median Price ……………………..…….
$280,000
Median Price ……………………..…….
$409,000
46.1%
Average Price per Square Foot ….…
$287
Average Price per Square Foot ….…
$360
25.4%
Properties Sold ……………………….
34
Properties Sold ……………………….
63
85.3%
Properties Pending Sale ………………
34
Properties Pending Sale ………………
48
41.2%
Properties For Sale …………….……...
68
Properties For Sale …………….……...
76
11.8%
Days on Market (Pending Sale) ….…..
52
Days on Market (Pending Sale) ….…..
32
-38.8%
Percent Under Contract ………….……
50.00%
Percent Under Contract ………….……
63.16%
26.3%
DOWNTOWN
SFR
Median Price ……………………..…….
$135,000
Median Price ……………………..…….
$225,000
66.7%
Average Price per Square Foot ….…
$135
Average Price per Square Foot ….…
$158
17.0%
Properties Sold ……………………….
20
Properties Sold ……………………….
11
-45.0%
Properties Pending Sale ………………
12
Properties Pending Sale ………………
18
50.0%
Properties For Sale …………….……...
48
Properties For Sale …………….……...
44
-8.3%
Days on Market (Pending Sale) ….…..
50
Days on Market (Pending Sale) ….…..
40
-20.0%
Percent Under Contract ………….……
25.00%
Percent Under Contract ………….……
40.91%
63.6%
DOWNTOWN
CONDO
Median Price ……………………..…….
$403,500
Median Price ……………………..…….
$511,250
26.7%
Average Price per Square Foot ….…
$423
Average Price per Square Foot ….…
$521
23.2%
Properties Sold ……………………….
98
Properties Sold ……………………….
74
-24.5%
Properties Pending Sale ………………
77
Properties Pending Sale ………………
76
-1.3%
Properties For Sale …………….……...
202
Properties For Sale …………….……...
244
20.8%
Days on Market (Pending Sale) ….…..
70
Days on Market (Pending Sale) ….…..
49
-30.5%
Percent Under Contract ………….……
38.12%
Percent Under Contract ………….……
31.15%
-18.3%
ENCINO
SFR
Median Price ……………………..…….
$770,000
Median Price ……………………..…….
$1,112,000
44.44%
Average Price per Square Foot ….…
$328
Average Price per Square Foot ….…
$403
22.9%
Properties Sold ……………………….
15
Properties Sold ……………………….
23
53.3%
Properties Pending Sale ………………
14
Properties Pending Sale ………………
28
100.0%
Properties For Sale …………….……...
80
Properties For Sale …………….……...
97
21.2%
Days on Market (Pending Sale) ….…..
63
Days on Market (Pending Sale) ….…..
46
-27.8%
Percent Under Contract ………….……
17.50%
Percent Under Contract ………….……
28.87%
64.9%
ENCINO
CONDO
Median Price ……………………..…….
$190,000
Median Price ……………………..…….
$316,500
66.66%
Average Price per Square Foot ….…
$198
Average Price per Square Foot ….…
$235
18.7%
Properties Sold ……………………….
5
Properties Sold ……………………….
14
180.0%
Properties Pending Sale ………………
9
Properties Pending Sale ………………
11
22.2%
Properties For Sale …………….……...
19
Properties For Sale …………….……...
20
5.3%
Days on Market (Pending Sale) ….…..
37
Days on Market (Pending Sale) ….…..
45
19.4%
Percent Under Contract ………….……
47.37%
Percent Under Contract ………….……
55.00%
16.1%
HANCOCK PARK-WILSHIRE
SFR
Median Price ……………………..…….
$925,000
Median Price ……………………..…….
$1,140,000
23.2%
Average Price per Square Foot ….…
$462
Average Price per Square Foot ….…
$523
13.2%
Properties Sold ……………………….
65
Properties Sold ……………………….
69
6.2%
Properties Pending Sale ………………
64
Properties Pending Sale ………………
74
15.6%
Properties For Sale …………….……...
162
Properties For Sale …………….……...
185
14.2%
Days on Market (Pending Sale) ….…..
79
Days on Market (Pending Sale) ….…..
45
-42.6%
Percent Under Contract ………….……
39.51%
Percent Under Contract ………….……
40.00%
1.3%
HOLLYWOOD
SFR
Median Price ……………………..…….
$651,500
Median Price ……………………..…….
$674,000
3.5%
Average Price per Square Foot ….…
$432
Average Price per Square Foot ….…
$417
-3.5%
Properties Sold ……………………….
10
Properties Sold ……………………….
18
80.0%
Properties Pending Sale ………………
18
Properties Pending Sale ………………
14
-22.2%
Properties For Sale …………….……...
33
Properties For Sale …………….……...
35
6.1%
Days on Market (Pending Sale) ….…..
50
Days on Market (Pending Sale) ….…..
33
-34.0%
Percent Under Contract ………….……
54.55%
Percent Under Contract ………….……
40.00%
-26.7%
HOLLYWOOD
CONDO
Median Price ……………………..…….
$537,000
Median Price ……………………..…….
$595,000
10.8%
Average Price per Square Foot ….…
$388
Average Price per Square Foot ….…
$471
21.4%
Properties Sold ……………………….
30
Properties Sold ……………………….
25
-16.7%
Properties Pending Sale ………………
30
Properties Pending Sale ………………
32
6.7%
Properties For Sale …………….……...
95
Properties For Sale …………….……...
87
-8.4%
Days on Market (Pending Sale) ….…..
128
Days on Market (Pending Sale) ….…..
52
-59.2%
Percent Under Contract ………….……
31.58%
Percent Under Contract ………….……
36.78%
16.5%
HOLLYWOOD HILLS EAST
SFR
Median Price ……………………..…….
$925,000
Median Price ……………………..…….
$1,002,500
8.4%
Average Price per Square Foot ….…
$434
Average Price per Square Foot ….…
$521
20.0%
Properties Sold ……………………….
37
Properties Sold ……………………….
37
0.0%
Properties Pending Sale ………………
44
Properties Pending Sale ………………
47
6.8%
Properties For Sale …………….……...
121
Properties For Sale …………….……...
113
-6.6%
Days on Market (Pending Sale) ….…..
81
Days on Market (Pending Sale) ….…..
56
-31.2%
Percent Under Contract ………….……
36.36%
Percent Under Contract ………….……
41.59%
14.4%
LOS FELIZ
SFR
Median Price ……………………..…….
$1,050,000
Median Price ……………………..…….
$1,193,00
13.6%
Average Price per Square Foot ….…
$530
Average Price per Square Foot ….…
$563
6.2%
Properties Sold ……………………….
51
Properties Sold ……………………….
66
29.4%
Properties Pending Sale ………………
54
Properties Pending Sale ………………
49
-9.3%
Properties For Sale …………….……...
148
Properties For Sale …………….……...
117
-20.9%
Days on Market (Pending Sale) ….…..
60
Days on Market (Pending Sale) ….…..
65
7.9%
Percent Under Contract ………….……
36.49%
Percent Under Contract ………….……
41.88%
14.8%
LOS FELIZ
CONDO
Median Price ……………………..…….
$483,750
Median Price ……………………..…….
$446,500
-7.7%
Average Price per Square Foot ….…
$357
Average Price per Square Foot ….…
$452
26.6%
Properties Sold ……………………….
8
Properties Sold ……………………….
5
-37.5%
Properties Pending Sale ………………
6
Properties Pending Sale ………………
5
-16.7%
Properties For Sale …………….……...
13
Properties For Sale …………….……...
8
-38.5%
Days on Market (Pending Sale) ….…..
96
Days on Market (Pending Sale) ….…..
28
-71.2%
Percent Under Contract ………….……
46.15%
Percent Under Contract ………….……
62.50%
35.4%
MALIBU
SFR
Median Price ……………………..…….
$1,927,500
Median Price ……………………..…….
$1,793,000
-7.0%
Average Price per Square Foot ….…
$605
Average Price per Square Foot ….…
$688
13.7%
Properties Sold ……………………….
37
Properties Sold ……………………….
45
21.6%
Properties Pending Sale ………………
47
Properties Pending Sale ………………
51
8.5%
Properties For Sale …………….……...
278
Properties For Sale …………….……...
298
7.2%
Days on Market (Pending Sale) ….…..
152
Days on Market (Pending Sale) ….…..
128
-16.0%
Percent Under Contract ………….……
16.91%
Percent Under Contract ………….……
17.11%
1.2%
MALIBU BEACH
SFR
Median Price ……………………..…….
$5,300,000
Median Price ……………………..…….
$5,528,750
4.3%
Average Price per Square Foot ….…
$2,104
Average Price per Square Foot ….…
$2,386
13.4%
Properties Sold ……………………….
15
Properties Sold ……………………….
10
-33.3%
Properties Pending Sale ………………
13
Properties Pending Sale ………………
10
-23.1%
Properties For Sale …………….……...
121
Properties For Sale …………….……...
100
-17.4%
Days on Market (Pending Sale) ….…..
134
Days on Market (Pending Sale) ….…..
206
53.9%
Percent Under Contract ………….……
10.74%
Percent Under Contract ………….……
10.00%
-6.9%
MARINA DEL REY
SFR
Median Price ……………………..…….
$1,370,000
Median Price ……………………..…….
$1,250,000
-8.8%
Average Price per Square Foot ….…
$483
Average Price per Square Foot ….…
$506
4.8%
Properties Sold ……………………….
16
Properties Sold ……………………….
9
-43.8%
Properties Pending Sale ………………
10
Properties Pending Sale ………………
10
0.0%
Properties For Sale …………….……...
33
Properties For Sale …………….……...
33
0.0%
Days on Market (Pending Sale) ….…..
77
Days on Market (Pending Sale) ….…..
44
-43.1%
Percent Under Contract ………….……
30.30%
Percent Under Contract ………….……
30.30%
0.0%
MARINA DEL REY
CONDO
Median Price ……………………..…….
$610,000
Median Price ……………………..…….
$775,000
27.0%
Average Price per Square Foot ….…
$419
Average Price per Square Foot ….…
$581
38.7%
Properties Sold ……………………….
77
Properties Sold ……………………….
75
-2.6%
Properties Pending Sale ………………
60
Properties Pending Sale ………………
66
10.0%
Properties For Sale …………….……...
202
Properties For Sale …………….……...
222
9.9%
Days on Market (Pending Sale) ….…..
87
Days on Market (Pending Sale) ….…..
88
1.0%
Percent Under Contract ………….……
29.70%
Percent Under Contract ………….……
29.73%
0.1%
MID LOS ANGELES
SFR
Median Price ……………………..…….
$322,000
Median Price ……………………..…….
$460,000
42.9%
Average Price per Square Foot ….…
$212
Average Price per Square Foot ….…
$307
44.8%
Properties Sold ……………………….
43
Properties Sold ……………………….
38
-11.6%
Properties Pending Sale ………………
47
Properties Pending Sale ………………
55
17.0%
Properties For Sale …………….……...
98
Properties For Sale …………….……...
132
34.7%
Days on Market (Pending Sale) ….…..
56
Days on Market (Pending Sale) ….…..
43
-22.5%
Percent Under Contract ………….……
47.96%
Percent Under Contract ………….……
41.67%
-13.1%
MID WILSHIRE
SFR
Median Price ……………………..…….
$415,000
Median Price ……………………..…….
$500,000
20.5%
Average Price per Square Foot ….…
$211
Average Price per Square Foot ….…
$280
32.7%
Properties Sold ……………………….
11
Properties Sold ……………………….
9
-18.2%
Properties Pending Sale ………………
12
Properties Pending Sale ………………
13
8.3%
Properties For Sale …………….……...
27
Properties For Sale …………….……...
38
40.7%
Days on Market (Pending Sale) ….…..
73
Days on Market (Pending Sale) ….…..
29
-60.6%
Percent Under Contract ………….……
44.44%
Percent Under Contract ………….……
34.21%
-23.0%
PACIFIC PALISADES
SFR
Median Price ……………………..…….
$2,125,000
Median Price ……………………..…….
$2,200,000
3.5%
Average Price per Square Foot ….…
$759
Average Price per Square Foot ….…
$769
1.3%
Properties Sold ……………………….
83
Properties Sold ……………………….
99
19.3%
Properties Pending Sale ………………
66
Properties Pending Sale ………………
86
30.3%
Properties For Sale …………….……...
229
Properties For Sale …………….……...
199
-13.1%
Days on Market (Pending Sale) ….…..
72
Days on Market (Pending Sale) ….…..
59
-17.4%
Percent Under Contract ………….……
28.82%
Percent Under Contract ………….……
43.22%
49.99%
PALMS – MAR VISTA
SFR
Median Price ……………………..…….
$765,000
Median Price ……………………..…….
$928,000
21.3%
Average Price per Square Foot ….…
$501
Average Price per Square Foot ….…
$576
15.0%
Properties Sold ……………………….
86
Properties Sold ……………………….
78
-9.3%
Properties Pending Sale ………………
81
Properties Pending Sale ………………
83
2.5%
Properties For Sale …………….……...
147
Properties For Sale …………….……...
146
-0.7%
Days on Market (Pending Sale) ….…..
58
Days on Market (Pending Sale) ….…..
34
-42.1%
Percent Under Contract ………….……
55.10%
Percent Under Contract ………….……
56.85%
3.2%
SANTA MONICA
SFR
Median Price ……………………..…….
$1,725,000
Median Price ……………………..…….
$2,200,000
27.5%
Average Price per Square Foot ….…
$763
Average Price per Square Foot ….…
$1,039
36.2%
Properties Sold ……………………….
67
Properties Sold ……………………….
65
-3.0%
Properties Pending Sale ………………
63
Properties Pending Sale ………………
70
11.1%
Properties For Sale …………….……...
171
Properties For Sale …………….……...
153
-10.5%
Days on Market (Pending Sale) ….…..
70
Days on Market (Pending Sale) ….…..
40
-43.0%
Percent Under Contract ………….……
36.84%
Percent Under Contract ………….……
45.75%
24.2%
SANTA MONICA
CONDO
Median Price ……………………..…….
$712,500
Median Price ……………………..…….
$849,000
19.2%
Average Price per Square Foot ….…
$583
Average Price per Square Foot ….…
$667
14.4%
Properties Sold ……………………….
122
Properties Sold ……………………….
107
-12.3%
Properties Pending Sale ………………
104
Properties Pending Sale ………………
112
7.7%
Properties For Sale …………….……...
233
Properties For Sale …………….……...
199
-14.6%
Days on Market (Pending Sale) ….…..
64
Days on Market (Pending Sale) ….…..
39
-38.7%
Percent Under Contract ………….……
44.64%
Percent Under Contract ………….……
56.28%
26.1%
SHERMAN OAKS
SFR
Median Price ……………………..…….
$775,000
Median Price ……………………..…….
$870,000
12.3%
Average Price per Square Foot ….…
$374
Average Price per Square Foot ….…
$449
20.1%
Properties Sold ……………………….
53
Properties Sold ……………………….
67
26.4%
Properties Pending Sale ………………
46
Properties Pending Sale ………………
57
23.9%
Properties For Sale …………….……...
128
Properties For Sale …………….……...
131
2.3%
Days on Market (Pending Sale) ….…..
52
Days on Market (Pending Sale) ….…..
44
-15.7%
Percent Under Contract ………….……
35.94%
Percent Under Contract ………….……
43.51%
21.1%
SHERMAN OAKS
CONDO
Median Price ……………………..…….
$314,850
Median Price ……………………..…….
$407,000
29.3%
Average Price per Square Foot ….…
$246
Average Price per Square Foot ….…
$324
31.7%
Properties Sold ……………………….
12
Properties Sold ……………………….
20
66.7%
Properties Pending Sale ………………
14
Properties Pending Sale ………………
21
50.0%
Properties For Sale …………….……...
32
Properties For Sale …………….……...
35
9.4%
Days on Market (Pending Sale) ….…..
7
Days on Market (Pending Sale) ….…..
48
-31.2%
Percent Under Contract ………….……
43.75%
Percent Under Contract ………….……
60.00%
37.1%
SILVER LAKE – ECHO PARK
SFR
Median Price ……………………..…….
$649,500
Median Price ……………………..…….
$719,000
10.7%
Average Price per Square Foot ….…
$449
Average Price per Square Foot ….…
$523
16.5%
Properties Sold ……………………….
54
Properties Sold ……………………….
67
24.1%
Properties Pending Sale ………………
50
Properties Pending Sale ………………
73
46.0%
Properties For Sale …………….……...
106
Properties For Sale …………….……...
137
29.2%
Days on Market (Pending Sale) ….…..
58
Days on Market (Pending Sale) ….…..
32
-44.7%
Percent Under Contract ………….……
47.17%
Percent Under Contract ………….……
53.28%
13.0%
STUDIO CITY
SFR
Median Price ……………………..…….
$832,500
Median Price ……………………..…….
$1,150,000
38.1%
Average Price per Square Foot ….…
$418
Average Price per Square Foot ….…
$511
22.2%
Properties Sold ……………………….
31
Properties Sold ……………………….
51
64.5%
Properties Pending Sale ………………
28
Properties Pending Sale ………………
49
75.0%
Properties For Sale …………….……...
82
Properties For Sale …………….……...
116
41.5%
Days on Market (Pending Sale) ….…..
59
Days on Market (Pending Sale) ….…..
50
-14.7%
Percent Under Contract ………….……
34.15%
Percent Under Contract ………….……
42.24%
23.7%
STUDIO CITY
CONDO
Median Price ……………………..…….
$358,500
Median Price ……………………..…….
$538,000
50.1%
Average Price per Square Foot ….…
$261
Average Price per Square Foot ….…
$371
42.1%
Properties Sold ……………………….
12
Properties Sold ……………………….
20
66.7%
Properties Pending Sale ………………
10
Properties Pending Sale ………………
18
80.0%
Properties For Sale …………….……...
28
Properties For Sale …………….……...
45
60.7%
Days on Market (Pending Sale) ….…..
88
Days on Market (Pending Sale) ….…..
41
-53.3%
Percent Under Contract ………….……
35.71%
Percent Under Contract ………….……
40.00%
12.0%
SUNSET STRIP – HOLLYWOOD HILLS WEST
SFR
Median Price ……………………..…….
$1,300,000
Median Price ……………………..…….
$1,425,000
9.6%
Average Price per Square Foot ….…
$606
Average Price per Square Foot ….…
$675
11.4%
Properties Sold ……………………….
97
Properties Sold ……………………….
100
3.1%
Properties Pending Sale ………………
102
Properties Pending Sale ………………
108
5.9%
Properties For Sale …………….……...
409
Properties For Sale …………….……...
407
-0.5%
Days on Market (Pending Sale) ….…..
85
Days on Market (Pending Sale) ….…..
56
-33.9%
Percent Under Contract ………….……
24.94%
Percent Under Contract ………….……
26.54%
6.4%
SUNSET STRIP – HOLLYWOOD HILLS WEST
CONDO
Median Price ……………………..…….
$477,500
Median Price ……………………..…….
$545,000
14.1%
Average Price per Square Foot ….…
$725
Average Price per Square Foot ….…
$574
-20.8%
Properties Sold ……………………….
18
Properties Sold ……………………….
21
16.7%
Properties Pending Sale ………………
23
Properties Pending Sale ………………
20
-13.0%
Properties For Sale …………….……...
57
Properties For Sale …………….……...
52
-8.8%
Days on Market (Pending Sale) ….…..
55
Days on Market (Pending Sale) ….…..
48
-12.1%
Percent Under Contract ………….……
40.35%
Percent Under Contract ………….……
38.46%
-4.7%
TOPANGA
SFR
Median Price ……………………..…….
$765,500
Median Price ……………………..…….
$839,250
9.6%
Average Price per Square Foot ….…
$401
Average Price per Square Foot ….…
$417
4.0%
Properties Sold ……………………….
16
Properties Sold ……………………….
30
87.5%
Properties Pending Sale ………………
21
Properties Pending Sale ………………
21
0.0%
Properties For Sale …………….……...
78
Properties For Sale …………….……...
74
-5.1%
Days on Market (Pending Sale) ….…..
127
Days on Market (Pending Sale) ….…..
90
-29.2%
Percent Under Contract ………….……
26.92%
Percent Under Contract ………….……
28.38%
5.4%
VENICE
SFR
Median Price ……………………..…….
$1,100,000
Median Price ……………………..…….
$1,375,000
25.0%
Average Price per Square Foot ….…
$662
Average Price per Square Foot ….…
$819
23.7%
Properties Sold ……………………….
60
Properties Sold ……………………….
61
1.7%
Properties Pending Sale ………………
55
Properties Pending Sale ………………
68
23.6%
Properties For Sale …………….……...
134
Properties For Sale …………….……...
133
-0.7%
Days on Market (Pending Sale) ….…..
69
Days on Market (Pending Sale) ….…..
50
-28.0%
Percent Under Contract ………….……
41.04%
Percent Under Contract ………….……
51.13%
24.6%
VENICE
CONDO
Median Price ……………………..…….
$884,900
Median Price ……………………..…….
$1,162,500
31.4%
Average Price per Square Foot ….…
$554
Average Price per Square Foot ….…
$697
25.8%
Properties Sold ……………………….
4
Properties Sold ……………………….
12
200.0%
Properties Pending Sale ………………
10
Properties Pending Sale ………………
13
30.0%
Properties For Sale …………….……...
28
Properties For Sale …………….……...
34
21.4%
Days on Market (Pending Sale) ….…..
100
Days on Market (Pending Sale) ….…..
51
-49.0%
Percent Under Contract ………….……
35.71%
Percent Under Contract ………….……
38.24%
7.1%
WEST HOLLYWOOD
SFR
Median Price ……………………..…….
$1,025,000
Median Price ……………………..…….
$1,025,000
0.0%
Average Price per Square Foot ….…
$585
Average Price per Square Foot ….…
$656
12.1%
Properties Sold ……………………….
32
Properties Sold ……………………….
23
-28.1%
Properties Pending Sale ………………
29
Properties Pending Sale ………………
22
-24.1%
Properties For Sale …………….……...
70
Properties For Sale …………….……...
79
12.9%
Days on Market (Pending Sale) ….…..
67
Days on Market (Pending Sale) ….…..
42
-37.0%
Percent Under Contract ………….……
41.43%
Percent Under Contract ………….……
27.85%
-32.8%
WEST HOLLYWOOD
CONDO
Median Price ……………………..…….
$469,000
Median Price ……………………..…….
$512,500
9.3%
Average Price per Square Foot ….…
$429
Average Price per Square Foot ….…
$523
21.9%
Properties Sold ……………………….
88
Properties Sold ……………………….
14
15.9%
Properties Pending Sale ………………
66
Properties Pending Sale ………………
34
51.5%
Properties For Sale …………….……...
197
Properties For Sale …………….……...
42
21.3%
Days on Market (Pending Sale) ….…..
56
Days on Market (Pending Sale) ….…..
52
-7.8%
Percent Under Contract ………….……
33.50%
Percent Under Contract ………….……
41.84%
24.9%
WEST LOS ANGELES
SFR
Median Price ……………………..…….
$629,500
Median Price ……………………..…….
$852,500
35.4%
Average Price per Square Foot ….…
$479
Average Price per Square Foot ….…
$590
23.2%
Properties Sold ……………………….
16
Properties Sold ……………………….
20
25.0%
Properties Pending Sale ………………
12
Properties Pending Sale ………………
26
116.7%
Properties For Sale …………….……...
35
Properties For Sale …………….……...
50
42.9%
Days on Market (Pending Sale) ….…..
71
Days on Market (Pending Sale) ….…..
34
-51.5%
Percent Under Contract ………….……
34.29%
Percent Under Contract ………….……
52.00%
51.7%
WESTCHESTER
SFR
Median Price ……………………..…….
$667,000
Median Price ……………………..…….
$777,250
16..5%
Average Price per Square Foot ….…
$429
Average Price per Square Foot ….…
$471
9.8%
Properties Sold ……………………….
57
Properties Sold ……………………….
85
49.1%
Properties Pending Sale ………………
62
Properties Pending Sale ………………
77
24.2%
Properties For Sale …………….……...
114
Properties For Sale …………….……...
109
-4.4%
Days on Market (Pending Sale) ….…..
50
Days on Market (Pending Sale) ….…..
35
-28.8%
Percent Under Contract ………….……
54.39%
Percent Under Contract ………….……
70.64%
29.9%
WESTCHESTER
CONDO
Median Price ……………………..…….
$258,750
Median Price ……………………..…….
$439,990
70.0%
Average Price per Square Foot ….…
$285
Average Price per Square Foot ….…
$377
32.3%
Properties Sold ……………………….
12
Properties Sold ……………………….
3
-75.0%
Properties Pending Sale ………………
9
Properties Pending Sale ………………
6
-33.3%
Properties For Sale …………….……...
24
Properties For Sale …………….……...
14
-41.7%
Days on Market (Pending Sale) ….…..
115
Days on Market (Pending Sale) ….…..
49
-57.2%
Percent Under Contract ………….……
37.50%
Percent Under Contract ………….……
42.86%
14.3%
WESTWOOD – CENTURY CITY
SFR
Median Price ……………………..…….
$1,277,630
Median Price ……………………..…….
$1,610,000
26.0%
Average Price per Square Foot ….…
$656
Average Price per Square Foot ….…
$733
11.7%
Properties Sold ……………………….
46
Properties Sold ……………………….
35
-23.9%
Properties Pending Sale ………………
47
Properties Pending Sale ………………
40
-14.9%
Properties For Sale …………….……...
111
Properties For Sale …………….……...
99
-10.8%
Days on Market (Pending Sale) ….…..
75
Days on Market (Pending Sale) ….…..
38
-50.0%
Percent Under Contract ………….……
42.34%
Percent Under Contract ………….……
40.40%
-4.6%
WESTWOOD – CENTURY CITY
CONDO
Median Price ……………………..…….
$599,000
Median Price ……………………..…….
$691,000
15.4%
Average Price per Square Foot ….…
$474
Average Price per Square Foot ….…
$593
25.1%
Properties Sold ……………………….
129
Properties Sold ……………………….
153
18.6%
Properties Pending Sale ………………
119
Properties Pending Sale ………………
162
36.1%
Properties For Sale …………….……...
397
Properties For Sale …………….……...
460
15.9%
Days on Market (Pending Sale) ….…..
92
Days on Market (Pending Sale) ….…..
62
-32.9%
Percent Under Contract ………….……
29.97%
Percent Under Contract ………….……
35.22%
17.5%
Glossary of Terms Median Price: A value that separates the upper half of prices from the lower half of prices. It can be interpreted like an average, however the extreme prices (high and low) don’t hold undue. Average Price per Square Foot: The price per each property divided by their respective square footage then averaged across all properties sold in the area for a given time period. Properties Sold: The number of property transactions that closed and transferred ownership. Properties Pending Sale: The number of properties that entered escrow in preparation for sale.
Properties For Sale: The number of properties on the market and seeking buyers. Days on Market (Pending Sale): The number of days that properties currently in escrow were on the market. Absorption Rate: The rate at which the inventory of home for sale are being sold. Percent Under Contract: The ratio of properties to properties sale.
Disclaimer The Market Within A Market Report is brought to you by Regional Marketing Director, Michael Lewis. Information obtained from Broker Metrics and DataQuick. Broker Metrics and DataQuick statistics are subject to change due to individual real estate company reporting disciplines. The information provided herein is from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it. For More Information, Contact: Michael Lewis Regional Marketing Director Keller Williams Realty 11812 San Vicente Blvd. Suite 100 Los Angeles, CA 90049 m.lewis@kw.com