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 – HOMBLY HILLS
SFR
Median Price ……………………..…….
$1,477,500
Median Price ……………………..…….
$1,751,000
18.5%
Average Price per Square Foot ….…
$642
Average Price per Square Foot ….…
$733
14.2%
Properties Sold ……………………….
6.0
Properties Sold ……………………….
4.0
- 33.3%
Properties Pending Sale ………………
9.0
Properties Pending Sale ………………
14.0
55.6%
Properties For Sale …………….……...
169.0
Properties For Sale …………….……...
128.0
- 24.3%
Days on Market (Pending Sale) ….…..
40.7
Days on Market (Pending Sale) ….…..
99.1
143.6%
Month’s supply of Inventory……….…
16.1
Month’s supply of Inventory……….…
6.9
-57.0%
Percent Under Contract ………….……
5.33%
Percent Under Contract ………….……
10.94%
105.4%
BEVERLY CENTER – MIRACLE MILE
SFR
Median Price ……………………..…….
$1,007,500
Median Price ……………………..…….
$825,000
-18.1%
Average Price per Square Foot ….…
$558
Average Price per Square Foot ….…
$461
-17.4%
Properties Sold ……………………….
8.0
Properties Sold ……………………….
9.0
12.5%
Properties Pending Sale ………………
5.0
Properties Pending Sale ………………
18.0
260.0%
Properties For Sale …………….……...
89.0
Properties For Sale …………….……...
73.0
- 18.0%
Days on Market (Pending Sale) ….…..
43.0
Days on Market (Pending Sale) ….…..
42.9
- 0.3%
Month’s supply of Inventory……….…
15.4
Month’s supply of Inventory……….…
2.4
- 84.1%
Percent Under Contract ………….……
5.62%
Percent Under Contract ………….……
24.66%
338.9%
BEVERLY CENTER – MIRACLE MILE
CONDO
Median Price ……………………..…….
$511,000
Median Price ……………………..…….
$477,000
-6.7%
Average Price per Square Foot ….…
$344
Average Price per Square Foot ….…
$371
7.8%
Properties Sold ……………………….
5.0
Properties Sold ……………………….
5.0
0.0%
Properties Pending Sale ………………
6.0
Properties Pending Sale ………………
10.0
66.7%
Properties For Sale …………….……...
48.0
Properties For Sale …………….……...
29.0
- 39.6%
Days on Market (Pending Sale) ….…..
56.3
Days on Market (Pending Sale) ….…..
64.2
14.0%
Month’s supply of Inventory……….…
5.8
Month’s supply of Inventory……….…
1.7
-70.9%
Percent Under Contract ………….……
12.50%
Percent Under Contract ………….……
34.48%
175.9%
BEVERLY HILLS
SFR
Median Price ……………………..…….
$1,947,500
Median Price ……………………..…….
$2,862,000
47.0%
Average Price per Square Foot ….…
$767
Average Price per Square Foot ….…
$817
6.5%
Properties Sold ……………………….
8.0
Properties Sold ……………………….
5.0
- 37.5%
Properties Pending Sale ………………
16.0
Properties Pending Sale ………………
15.0
- 6.2%
Properties For Sale …………….……...
147.0
Properties For Sale …………….……...
113.0
- 23.1%
Days on Market (Pending Sale) ….…..
94.5
Days on Market (Pending Sale) ….…..
71.1
-24.8%
Month’s supply of Inventory……….…
7.4
Month’s supply of Inventory……….…
5.4
-27.4%
Percent Under Contract ………….……
10.88%
Percent Under Contract ………….……
13.27%
22.0%
BEVERLY HILLS
CONDO
Median Price ……………………..…….
$717,000
Median Price ……………………..…….
$1,160,000
61.8%
Average Price per Square Foot ….…
$397
Average Price per Square Foot ….…
$503
26.7%
Properties Sold ……………………….
6.0
Properties Sold ……………………….
7.0
16.7%
Properties Pending Sale ………………
7.0
Properties Pending Sale ………………
9.0
28.6%
Properties For Sale …………….……...
104.0
Properties For Sale …………….……...
72.0
- 30.8%
Days on Market (Pending Sale) ….…..
159.4
Days on Market (Pending Sale) ….…..
121.2
-24.0%
Month’s supply of Inventory……….…
12.9
Month’s supply of Inventory……….…
5.3
-58.5%
Percent Under Contract ………….……
6.73%
Percent Under Contract ………….……
12.50%
85.7%
BEVERLY HILLS P.O.
SFR
Median Price ……………………..…….
$1,356,500
Median Price ……………………..…….
$1,850,000
36.4%
Average Price per Square Foot ….…
$744
Average Price per Square Foot ….…
$946
27.2%
Properties Sold ……………………….
4.0
Properties Sold ……………………….
9.0
125.0%
Properties Pending Sale ………………
11.0
Properties Pending Sale ………………
21.0
90.9%
Properties For Sale …………….……...
177.0
Properties For Sale …………….……...
148.0
-16.4%
Days on Market (Pending Sale) ….…..
102.5
Days on Market (Pending Sale) ….…..
133.9
30.7%
Month’s supply of Inventory……….…
14.0
Month’s supply of Inventory……….…
4.8
-65.6%
Percent Under Contract ………….……
6.21%
Percent Under Contract ………….……
14.19%
128.3%
BEVERLYWOOD
SFR
Median Price ……………………..…….
$645,000
Median Price ……………………..…….
$722,500
12.0%
Average Price per Square Foot ….…
$442
Average Price per Square Foot ….…
$406
-8.1%
Properties Sold ……………………….
5.0
Properties Sold ……………………….
12.0
140.0%
Properties Pending Sale ………………
9.0
Properties Pending Sale ………………
17.0
88.9%
Properties For Sale …………….……...
75.0
Properties For Sale …………….……...
58.0
-22.7%
Days on Market (Pending Sale) ….…..
76.6
Days on Market (Pending Sale) ….…..
58.2
-24.0%
Month’s supply of Inventory……….…
6.6
Month’s supply of Inventory……….…
1.9
-71.3%
Percent Under Contract ………….……
12.00%
Percent Under Contract ………….……
29.31%
144.3%
BRENTWOOD
SFR
Median Price ……………………..…….
$1,260,000
Median Price ……………………..…….
$2,187,500
73.6%
Average Price per Square Foot ….…
$593
Average Price per Square Foot ….…
$610
2.9%
Properties Sold ……………………….
11.0
Properties Sold ……………………….
12.0
9.1%
Properties Pending Sale ………………
12.0
Properties Pending Sale ………………
24.0
100.0%
Properties For Sale …………….……...
151.0
Properties For Sale …………….……...
129.0
-14.6%
Days on Market (Pending Sale) ….…..
99.0
Days on Market (Pending Sale) ….…..
59.7
-39.7%
Month’s supply of Inventory……….…
10.7
Month’s supply of Inventory……….…
3.9
Percent Under Contract ………….……
7.95%
Percent Under Contract ………….……
18.60%
-63.3% 134.1%
BRENTWOOD
CONDO
Median Price ……………………..…….
$542,600
Median Price ……………………..…….
$585,000
7.8%
Average Price per Square Foot ….…
$436
Average Price per Square Foot ….…
$399
-8.5%
Properties Sold ……………………….
8.0
Properties Sold ……………………….
5.0
-37.5%
Properties Pending Sale ………………
7.0
Properties Pending Sale ………………
11.0
57.1%
Properties For Sale …………….……...
132.0
Properties For Sale …………….……...
80.0
- 39.4%
Days on Market (Pending Sale) ….…..
95.0
Days on Market (Pending Sale) ….…..
72.3
-23.9%
Month’s supply of Inventory……….…
16.1
Month’s supply of Inventory……….…
5.4
-66.8%
Percent Under Contract ………….……
5.30%
Percent Under Contract ………….……
13.75%
159.3%
BURBANK
SFR
Median Price ……………………..…….
$525,000
Median Price ……………………..…….
$450,000
-14.3%
Average Price per Square Foot ….…
$344.50
Average Price per Square Foot ….…
$315.11
-8.6%
Properties Sold ……………………….
31.0
Properties Sold ……………………….
43.0
24.4%
Properties Pending Sale ………………
NA
Properties Pending Sale ………………
44.0
NA%
Properties For Sale …………….……...
166.0
Properties For Sale …………….……...
71.0
-58%
Days on Market (Pending Sale) ….…..
NA
Days on Market (Pending Sale) ….…..
16.0
NA%
Month’s supply of Inventory……….…
4.8
Month’s supply of Inventory……….…
4.3
-10.4%
Percent Under Contract ………….……
NA%
Percent Under Contract ………….……
13.33%
NA%
BURBANK
CONDO
Median Price ……………………..…….
$366,500
Median Price ……………………..…….
$337,500
- 8.0%
Average Price per Square Foot ….…
$261.28
Average Price per Square Foot ….…
$265.68
1.7%
Properties Sold ……………………….
17
Properties Sold ……………………….
8
53%
Properties Pending Sale ………………
NA
Properties Pending Sale ………………
44
NA%
Properties For Sale …………….……...
78
Properties For Sale …………….……...
78
0%
Days on Market (Pending Sale) ….…..
NA
Days on Market (Pending Sale) ….…..
NA
NA%
Month’s supply of Inventory……….…
3.5
Month’s supply of Inventory……….…
5.57
59.1%
Percent Under Contract ………….……
NA%
Percent Under Contract ………….……
NA%
NA%
CALABASAS
SFR
Median Price ……………………..…….
$1,456,068
Median Price ……………………..…….
$900,000
-38%
Average Price per Square Foot ….…
$274
Average Price per Square Foot ….…
$348
22%
Properties Sold ……………………….
19.0
Properties Sold ……………………….
17
-11%
Properties Pending Sale ………………
3.0
Properties Pending Sale ………………
11
305%
Properties For Sale …………….……...
131.0
Properties For Sale …………….……...
95
- 72.5%
Days on Market (Pending Sale) ….…..
136.6
Days on Market (Pending Sale) ….…..
106
-22.5%
Month’s supply of Inventory……….…
6.8
Month’s supply of Inventory……….…
8.96
24%
Percent Under Contract ………….……
7.69%
Percent Under Contract ………….……
9%
14.6%
CALABASAS
CONDO
Median Price ……………………..…….
$366,300
Median Price ……………………..…….
0$
%
Average Price per Square Foot ….…
$
Average Price per Square Foot ….…
0$
%
Properties Sold ……………………….
4
Properties Sold ……………………….
0
%
Properties Pending Sale ………………
1.0
Properties Pending Sale ………………
4
200%
Properties For Sale …………….……...
21
Properties For Sale …………….……...
8
-133%
Days on Market (Pending Sale) ….…..
19.0
Days on Market (Pending Sale) ….…..
73
191%
Month’s supply of Inventory……….…
5.25
Month’s supply of Inventory……….…
1.09
-225%
Percent Under Contract ………….……
25.0%
Percent Under Contract ………….……
20%
-20%
CHEVIOT HILLS-RANCH PARK
SFR
Median Price ……………………..…….
$1,085,000
Median Price ……………………..…….
$1,550,000
42.9%
Average Price per Square Foot ….…
$582
Average Price per Square Foot ….…
$582
0.0%
Properties Sold ……………………….
4.0
Properties Sold ……………………….
3.0
-25.0%
Properties Pending Sale ………………
8.0
Properties Pending Sale ………………
9.0
12.5%
Properties For Sale …………….……...
41.0
Properties For Sale …………….……...
28.0
-31.7%
Days on Market (Pending Sale) ….…..
73.9
Days on Market (Pending Sale) ….…..
45.6
-38.3%
Month’s supply of Inventory……….…
3.2
Month’s supply of Inventory……….…
1.2
-62.4%
Percent Under Contract ………….……
19.51%
Percent Under Contract ………….……
32.14%
64.7%
CULVER CITY
SFR
Median Price ……………………..…….
$521,000
Median Price ……………………..…….
$525,000
0.8%
Average Price per Square Foot ….…
$432
Average Price per Square Foot ….…
$366
-15.3%
Properties Sold ……………………….
9.0
Properties Sold ……………………….
7.0
-22.2%
Properties Pending Sale ………………
5.0
Properties Pending Sale ………………
10.0
100.0%
Properties For Sale …………….……...
60.0
Properties For Sale …………….……...
44.0
-26.7%
Days on Market (Pending Sale) ….…..
52.0
Days on Market (Pending Sale) ….…..
51.5
-1.0%
Month’s supply of Inventory……….…
9.8
Month’s supply of Inventory……….…
2.8
-71.4%
Percent Under Contract ………….……
8.33%
Percent Under Contract ………….……
22.73%
172.7%
CULVER CITY
CONDO
Median Price ……………………..…….
$343,500
Median Price ……………………..…….
$250,000
-27.2%
Average Price per Square Foot ….…
$322
Average Price per Square Foot ….…
$302
-6.2%
Properties Sold ……………………….
12.0
Properties Sold ……………………….
11.0
-8.3%
Properties Pending Sale ………………
4.0
Properties Pending Sale ………………
25.0
525.0%
Properties For Sale …………….……...
83.0
Properties For Sale …………….……...
62.0
-25.3%
Days on Market (Pending Sale) ….…..
109.8
Days on Market (Pending Sale) ….…..
88.0
-19.8%
Month’s supply of Inventory……….…
17.0
Month’s supply of Inventory……….…
1.3
-92.5%
Percent Under Contract ………….……
4.82%
Percent Under Contract ………….……
40.32%
736.7%
DOWNTOWN
SFR
Median Price ……………………..…….
$147,500
Median Price ……………………..…….
$222,500
50.8%
Average Price per Square Foot ….…
$125
Average Price per Square Foot ….…
$175
40.0%
Properties Sold ……………………….
8.0
Properties Sold ……………………….
6.0
-25.0%
Properties Pending Sale ………………
7.0
Properties Pending Sale ………………
6.0
-14.3%
Properties For Sale …………….……...
46.0
Properties For Sale …………….……...
33.0
-28.3%
Days on Market (Pending Sale) ….…..
43.9
Days on Market (Pending Sale) ….…..
57.2
30.3%
Month’s supply of Inventory……….…
5.0
Month’s supply of Inventory……….…
3.5
-30.0%
Percent Under Contract ………….……
15.22%
Percent Under Contract ………….……
18.18%
19.5%
DOWNTOWN
CONDO
Median Price ……………………..…….
$284,900
Median Price ……………………..…….
$316,000
10.9%
Average Price per Square Foot ….…
$353
Average Price per Square Foot ….…
$382
8.2%
Properties Sold ……………………….
19.0
Properties Sold ……………………….
22.0
15.8%
Properties Pending Sale ………………
30.0
Properties Pending Sale ………………
41.0
36.7%
Properties For Sale …………….……...
244.0
Properties For Sale …………….……...
131.0
-46.3%
Days on Market (Pending Sale) ….…..
71.5
Days on Market (Pending Sale) ….…..
65.6
Month’s supply of Inventory……….…
6.5
Month’s supply of Inventory……….…
1.8
Percent Under Contract ………….……
12.30%
Percent Under Contract ………….……
31.30%
-8.3% -71.7% 154.6%
ENCINO
SFR
Median Price ……………………..…….
$739,769
Median Price ……………………..…….
$1,199,700
62.2%
Average Price per Square Foot ….…
$251
Average Price per Square Foot ….…
$348
38.6%
Properties Sold ……………………….
23
Properties Sold ……………………….
22
-4.3%
Properties Pending Sale ………………
7.0
Properties Pending Sale ………………
7.0
0.0%
Properties For Sale …………….……...
144
Properties For Sale …………….……...
124.0
-13.9%
Days on Market (Pending Sale) ….…..
90.8
Days on Market (Pending Sale) ….…..
83.7
-7.8%
Month’s supply of Inventory……….…
6.2
Month’s supply of Inventory……….…
5.6
-9.7%
Percent Under Contract ………….……
10.00%
Percent Under Contract ………….……
12.73%
27.3%
ENCINO
CONDO
Median Price ……………………..…….
$254,650
Median Price ……………………..…….
$235,250
7.6%
Average Price per Square Foot ….…
$159
Average Price per Square Foot ….…
$203
8.4%
Properties Sold ……………………….
11.0
Properties Sold ……………………….
12.0
9.1%
Properties Pending Sale ………………
2.0
Properties Pending Sale ………………
2.0
0.0%
Properties For Sale …………….……...
57.0
Properties For Sale …………….……...
57.0
0.0%
Days on Market (Pending Sale) ….…..
90.8
Days on Market (Pending Sale) ….…..
86.2
-5.1%
Month’s supply of Inventory……….…
5.18
Month’s supply of Inventory……….…
4.75
-8.3%
Percent Under Contract ………….……
10.00%
Percent Under Contract ………….……
40.00%
300.0%
GLENDALE
SFR
Median Price ……………………..…….
$595,000
Median Price ……………………..…….
$557,600
- 6.3%
Average Price per Square Foot ….…
$341.46
Average Price per Square Foot ….…
$307.54
10.1%
Properties Sold ……………………….
40
Properties Sold ……………………….
44
10%
Properties Pending Sale ………………
NA
Properties Pending Sale ………………
30
NA%
Properties For Sale …………….……...
214
Properties For Sale …………….……...
187
-12.6%
Days on Market (Pending Sale) ….…..
82.3
Days on Market (Pending Sale) ….…..
82.3
0%
Month’s supply of Inventory……….…
5.09
Month’s supply of Inventory……….…
4.45
-12.6%
Percent Under Contract ………….……
NA%
Percent Under Contract ………….……
NA%
NA%
GLENDALE
CONDO
Median Price ……………………..…….
$322,500
Median Price ……………………..…….
$228,750
-29.1%
Average Price per Square Foot ….…
$254.47
Average Price per Square Foot ….…
$212.10
- 16%
Properties Sold ……………………….
16
Properties Sold ……………………….
20.0
20.0%
Properties Pending Sale ………………
NA
Properties Pending Sale ………………
21.0
NA%
Properties For Sale …………….……...
NA
Properties For Sale …………….……...
138.0
NA%
Days on Market (Pending Sale) ….…..
82.3
Days on Market (Pending Sale) ….…..
82.3
0%
Month’s supply of Inventory……….…
6.27
Month’s supply of Inventory……….…
5.11
-18.5%
Percent Under Contract ………….……
NA%
Percent Under Contract ………….……
NA%
NA%
HANCOCK PARK-WILSHIRE
SFR
Median Price ……………………..…….
$1,101,528
Median Price ……………………..…….
$1,006,500
-8.6%
Average Price per Square Foot ….…
$488
Average Price per Square Foot ….…
$451
-7.6%
Properties Sold ……………………….
10.0
Properties Sold ……………………….
20.0
100.0%
Properties Pending Sale ………………
13.0
Properties Pending Sale ………………
27.0
107.7%
Properties For Sale …………….……...
135.0
Properties For Sale …………….……...
125.0
-7.4%
Days on Market (Pending Sale) ….…..
86.8
Days on Market (Pending Sale) ….…..
63.4
-27.0%
Month’s supply of Inventory……….…
8.3
Month’s supply of Inventory……….…
3.1
-62.6%
Percent Under Contract ………….……
9.63%
Percent Under Contract ………….……
21.60%
124.3%
HOLLYWOOD
SFR
Median Price ……………………..…….
$100,000
Median Price ……………………..…….
$499,000
399.0%
Average Price per Square Foot ….…
$175
Average Price per Square Foot ….…
$310
77.1%
Properties Sold ……………………….
1.0
Properties Sold ……………………….
3.0
200.0%
Properties Pending Sale ………………
4.0
Properties Pending Sale ………………
7.0
75.0%
Properties For Sale …………….……...
23.0
Properties For Sale …………….……...
21.0
-8.7%
Days on Market (Pending Sale) ….…..
13.2
Days on Market (Pending Sale) ….…..
34.7
162.0%
Month’s supply of Inventory……….…
4.2
Month’s supply of Inventory……….…
1.4
-66.4%
Percent Under Contract ………….……
17.39%
Percent Under Contract ………….……
33.33%
91.7%
HOLLYWOOD
CONDO
Median Price ……………………..…….
$360,000
Median Price ……………………..…….
$
%
Average Price per Square Foot ….…
$350
Average Price per Square Foot ….…
$
%
Properties Sold ……………………….
4.0
Properties Sold ……………………….
0
%
Properties Pending Sale ………………
9.0
Properties Pending Sale ………………
8.0
-11.1%
Properties For Sale …………….……...
87.0
Properties For Sale …………….……...
75.0
-13.8%
Days on Market (Pending Sale) ….…..
110.6
Days on Market (Pending Sale) ….…..
60.2
-45.5%
Month’s supply of Inventory……….…
7.7
Month’s supply of Inventory……….…
7.0
-8.7%
Percent Under Contract ………….……
10.34%
Percent Under Contract ………….……
10.67%
3.1%
HOLLYWOOD HILLS EAST
SFR
Median Price ……………………..…….
$1,090,000
Median Price ……………………..…….
$707,500
-35.1%
Average Price per Square Foot ….…
$494
Average Price per Square Foot ….…
$377
-23.7%
Properties Sold ……………………….
9.0
Properties Sold ……………………….
10.0
11.1%
Properties Pending Sale ………………
10.0
Properties Pending Sale ………………
9.0
-10.0%
Properties For Sale …………….……...
88.0
Properties For Sale …………….……...
64.0
-27.3%
Days on Market (Pending Sale) ….…..
36.8
Days on Market (Pending Sale) ….…..
38.3
4.2%
Month’s supply of Inventory……….…
6.7
Month’s supply of Inventory……….…
5.1
-23.7%
Percent Under Contract ………….……
11.36%
Percent Under Contract ………….……
14.06%
23.8%
LOS FELIZ
SFR
Median Price ……………………..…….
$1,069,500
Median Price ……………………..…….
$1,075,000
0.5%
Average Price per Square Foot ….…
$512
Average Price per Square Foot ….…
$494
-3.5%
Properties Sold ……………………….
10.0
Properties Sold ……………………….
11.0
10.0%
Properties Pending Sale ………………
13.0
Properties Pending Sale ………………
27.0
107.7%
Properties For Sale …………….……...
91.0
Properties For Sale …………….……...
83.0
-8.8%
Days on Market (Pending Sale) ….…..
61.3
Days on Market (Pending Sale) ….…..
53.1
-13.4%
Month’s supply of Inventory……….…
5.4
Month’s supply of Inventory……….…
1.6
-69.7%
Percent Under Contract ………….……
14.29%
Percent Under Contract ………….……
32.53%
127.7%
LOS FELIZ
CONDO
Median Price ……………………..…….
$204,500
Median Price ……………………..…….
$409,500
100.2%
Average Price per Square Foot ….…
$183
Average Price per Square Foot ….…
$357
95.1%
Properties Sold ……………………….
2.0
Properties Sold ……………………….
2.0
0.0%
Properties Pending Sale ………………
2.0
Properties Pending Sale ………………
7.0
250.0%
Properties For Sale …………….……...
13.0
Properties For Sale …………….……...
18.0
38.5%
Days on Market (Pending Sale) ….…..
79.5
Days on Market (Pending Sale) ….…..
24.9
-68.7%
Month’s supply of Inventory……….…
3.5
Month’s supply of Inventory……….…
1.4
-59.2%
Percent Under Contract ………….……
15.38%
Percent Under Contract ………….……
38.89%
152.8%
MALIBU
SFR
Median Price ……………………..…….
$3,980,000
Median Price ……………………..…….
$2,100,000
-47.2%
Average Price per Square Foot ….…
$889
Average Price per Square Foot ….…
$652
-26.7%
Properties Sold ……………………….
5.0
Properties Sold ……………………….
11.0
120.0%
Properties Pending Sale ………………
10.0
Properties Pending Sale ………………
14.0
40.0%
Properties For Sale …………….……...
261.0
Properties For Sale …………….……...
228.0
-12.6%
Days on Market (Pending Sale) ….…..
212.7
Days on Market (Pending Sale) ….…..
63.2
-70.3%
Month’s supply of Inventory……….…
23.6
Month’s supply of Inventory……….…
13.5
-42.8%
Percent Under Contract ………….……
3.83%
Percent Under Contract ………….……
6.14%
60.3%
MALIBU BEACH
SFR
Median Price ……………………..…….
$
Median Price ……………………..…….
$3,795,000
%
Average Price per Square Foot ….…
$
Average Price per Square Foot ….…
$1,013
%
Properties Sold ……………………….
2.0
-%
Properties Sold ………………………. Properties Pending Sale ………………
2.0
Properties Pending Sale ………………
7.0
250.0%
Properties For Sale …………….……...
102.0
Properties For Sale …………….……...
93.0
-8.8%
Days on Market (Pending Sale) ….…..
584.5
Days on Market (Pending Sale) ….…..
320.3
-45.2%
Month’s supply of Inventory……….…
47.5
Month’s supply of Inventory……….…
10.7
-77.4%
Percent Under Contract ………….……
1.96%
Percent Under Contract ………….……
7.53%
283.9%
MARINA DEL REY
SFR
Median Price ……………………..…….
$2,342,835
Median Price ……………………..…….
$780,000
-66.7%
Average Price per Square Foot ….…
$439
Average Price per Square Foot ….…
$403
-8.2%
Properties Sold ……………………….
1.0
Properties Sold ……………………….
3.0
200.0%
Properties Pending Sale ………………
4.0
Properties Pending Sale ………………
3.0
-25.0%
Properties For Sale …………….……...
38.0
Properties For Sale …………….……...
31.0
-18.4%
Days on Market (Pending Sale) ….…..
52.0
Days on Market (Pending Sale) ….…..
57.3
10.3%
Month’s supply of Inventory……….…
8.0
Month’s supply of Inventory……….…
8.7
8.3%
Percent Under Contract ………….……
10.53%
Percent Under Contract ………….……
9.68%
-8.1%
MARINA DEL REY
CONDO
Median Price ……………………..…….
$632,000
Median Price ……………………..…….
$ 545,000
-13.8%
Average Price per Square Foot ….…
$489
Average Price per Square Foot ….…
$340
-30.5%
Properties Sold ……………………….
14.0
Properties Sold ……………………….
13.0
-7.1%
Properties Pending Sale ………………
18.0
Properties Pending Sale ………………
18.0
0.0%
Properties For Sale …………….……...
203.0
Properties For Sale …………….……...
153.0
-24.6%
Days on Market (Pending Sale) ….…..
78.9
Days on Market (Pending Sale) ….…..
68.8
-12.9%
Month’s supply of Inventory……….…
9.4
Month’s supply of Inventory……….…
6.6
-30.2%
Percent Under Contract ………….……
8.87%
Percent Under Contract ………….……
11.76%
32.7%
MID LOS ANGELES
SFR
Median Price ……………………..…….
$350,000
Median Price ……………………..…….
$205,250
-41.4%
Average Price per Square Foot ….…
$231
Average Price per Square Foot ….…
$216
-6.5%
Properties Sold ……………………….
9.0
Properties Sold ……………………….
7.0
-22.2%
Properties Pending Sale ………………
12.0
Properties Pending Sale ………………
18.0
50.0%
Properties For Sale …………….……...
133.0
Properties For Sale …………….……...
96.0
-27.8%
Days on Market (Pending Sale) ….…..
82.8
Days on Market (Pending Sale) ….…..
61.5
-25.7%
Month’s supply of Inventory……….…
8.9
Month’s supply of Inventory……….…
3.6
-59.5%
Percent Under Contract ………….……
9.02%
Percent Under Contract ………….……
18.75%
107.8%
MID WILSHIRE
SFR
Median Price ……………………..…….
$435,000
Median Price ……………………..…….
$460,000
5.7%
Average Price per Square Foot ….…
$201
Average Price per Square Foot ….…
$166
-17.4%
Properties Sold ……………………….
4.0
Properties Sold ……………………….
1.0
-75.0%
Properties Pending Sale ………………
5.0
Properties Pending Sale ………………
4.0
-20.0%
Properties For Sale …………….……...
34.0
Properties For Sale …………….……...
22.0
-35.3%
Days on Market (Pending Sale) ….…..
117.0
Days on Market (Pending Sale) ….…..
14.0
-88.0%
Month’s supply of Inventory……….…
4.8
Month’s supply of Inventory……….…
4.0
-16.7%
Percent Under Contract ………….……
14.71%
Percent Under Contract ………….……
18.18%
23.6%
NORTHRIDGE
SFR
Median Price ……………………..…….
$551,350
Median Price ……………………..…….
$461,455
-16.3%
Average Price per Square Foot ….…
$174
Average Price per Square Foot ….…
$222
27.6%
Properties Sold ……………………….
34
Properties Sold ……………………….
38
-11.8%
Properties Pending Sale ………………
1.0
Properties Pending Sale ………………
4.0
300.0%
Properties For Sale …………….……...
237
Properties For Sale …………….……...
235
-.8%
Days on Market (Pending Sale) ….…..
73.7
Days on Market (Pending Sale) ….…..
86.1
16.8%
Month’s supply of Inventory……….…
6.97
Month’s supply of Inventory……….…
2.75
-60.6%
Percent Under Contract ………….……
2.94%
Percent Under Contract ………….……
19.05%
547.6%
NORTHRIDGE
CONDO
Median Price ……………………..…….
$302,850
Median Price ……………………..…….
$ 286,450
-5.4%
Average Price per Square Foot ….…
$
Average Price per Square Foot ….…
$154
%
Properties Sold ……………………….
15
Properties Sold ……………………….
19
26.6%
Properties Pending Sale ………………
2.0
Properties Pending Sale ………………
3.0
50.0%
Properties For Sale …………….……...
43
Properties For Sale …………….……...
43
-58.3%
Days on Market (Pending Sale) ….…..
73.7
Days on Market (Pending Sale) ….…..
86.1
16.8%
Month’s supply of Inventory……….…
2.86
Month’s supply of Inventory……….…
2.2
-23.1%
Percent Under Contract ………….……
16.67%
Percent Under Contract ………….……
60.0%
260.0%
PACIFIC PALISADES
SFR
Median Price ……………………..…….
$1,715,000
Median Price ……………………..…….
$1,950,000
13.7%
Average Price per Square Foot ….…
$652
Average Price per Square Foot ….…
$670
2.8%
Properties Sold ……………………….
9.0
Properties Sold ……………………….
11.0
22.2%
Properties Pending Sale ………………
21.0
Properties Pending Sale ………………
19.0
-9.5%
Properties For Sale …………….……...
179.0
Properties For Sale …………….……...
134.0
-25.1%
Days on Market (Pending Sale) ….…..
94.2
Days on Market (Pending Sale) ….…..
118.7
26.0%
Month’s supply of Inventory……….…
6.8
Month’s supply of Inventory……….…
5.1
-25.0%
Percent Under Contract ………….……
11.73%
Percent Under Contract ………….……
14.18%
20.9%
PALMS – MAR VISTA
SFR
Median Price ……………………..…….
$815,250
Median Price ……………………..…….
$717,000
-12.1%
Average Price per Square Foot ….…
$476
Average Price per Square Foot ….…
$455
-4.4%
Properties Sold ……………………….
12.0
Properties Sold ……………………….
16.0
33.3%
Properties Pending Sale ………………
22.0
Properties Pending Sale ………………
21.0
-4.5%
Properties For Sale …………….……...
106.0
Properties For Sale …………….……...
81.0
-23.6%
Days on Market (Pending Sale) ….…..
66.9
Days on Market (Pending Sale) ….…..
88.5
32.4%
Month’s supply of Inventory……….…
3.5
Month’s supply of Inventory……….…
2.3
-34.7%
Percent Under Contract ………….……
20.75%
Percent Under Contract ………….……
25.93%
24.9%
SANTA MONICA
SFR
Median Price ……………………..…….
$1,346,250
Median Price ……………………..…….
$1,450,000
7.7%
Average Price per Square Foot ….…
$753
Average Price per Square Foot ….…
$870
15.5%
Properties Sold ……………………….
14.0
Properties Sold ……………………….
15.0
7.1%
Properties Pending Sale ………………
20.0
Properties Pending Sale ………………
26.0
30.0%
Properties For Sale …………….……...
122.0
Properties For Sale …………….……...
107.0
-12.3%
Days on Market (Pending Sale) ….…..
51.6
Days on Market (Pending Sale) ….…..
52.3
1.3%
Month’s supply of Inventory……….…
4.7
Month’s supply of Inventory……….…
2.5
-47.6%
Percent Under Contract ………….……
16.39%
Percent Under Contract ………….……
24.30%
48.2%
SANTA MONICA
CONDO
Median Price ……………………..…….
$721,250
Median Price ……………………..…….
$765,000
6.1%
Average Price per Square Foot ….…
$527
Average Price per Square Foot ….…
$619
17.5%
Properties Sold ……………………….
18.0
Properties Sold ……………………….
22.0
22.2%
Properties Pending Sale ………………
21.0
Properties Pending Sale ………………
39.0
85.7%
Properties For Sale …………….……...
235.0
Properties For Sale …………….……...
177.0
-24.7%
Days on Market (Pending Sale) ….…..
91.5
Days on Market (Pending Sale) ….…..
90.5
-1.1%
Month’s supply of Inventory……….…
9.1
Month’s supply of Inventory……….…
3.0
-67.5%
Percent Under Contract ………….……
8.94%
Percent Under Contract ………….……
22.03%
146.6%
SHERMAN OAKS
SFR
Median Price ……………………..…….
$707,880
Median Price ……………………..…….
$682,172
-3.6%
Average Price per Square Foot ….…
$408
Average Price per Square Foot ….…
$418
2.5%
Properties Sold ……………………….
41
Properties Sold ……………………….
29
-29.2%
Properties Pending Sale ………………
8.0
Properties Pending Sale ………………
18.0
125.0%
Properties For Sale …………….……...
167
Properties For Sale …………….……...
167
-19.8%
Days on Market (Pending Sale) ….…..
85.6
Days on Market (Pending Sale) ….…..
98.2
14.7%
Month’s supply of Inventory……….…
4.07
Month’s supply of Inventory……….…
5.75
41.3%
Percent Under Contract ………….……
8.79%
Percent Under Contract ………….……
24.66%
180.5%
SHERMAN OAKS
CONDO
Median Price ……………………..…….
$375,500
Median Price ……………………..…….
$309,000
-17.8%
Average Price per Square Foot ….…
$272
Average Price per Square Foot ….…
$214
-21.3%
Properties Sold ……………………….
12
Properties Sold ……………………….
18
50.0%
Properties Pending Sale ………………
5.0
Properties Pending Sale ………………
11.0
120.0%
Properties For Sale …………….……...
88
Properties For Sale …………….……...
88
-40.9%
Days on Market (Pending Sale) ….…..
85.6
Days on Market (Pending Sale) ….…..
98.2
14.7%
Month’s supply of Inventory……….…
7.33
Month’s supply of Inventory……….…
4.88
-33.4%
Percent Under Contract ………….……
11.36%
Percent Under Contract ………….……
42.31%
272.3%
SILVER LAKE – ECHO PARK
SFR
Median Price ……………………..…….
$557,500
Median Price ……………………..…….
$532,000
-4.6%
Average Price per Square Foot ….…
$343
Average Price per Square Foot ….…
$408
19.0%
Properties Sold ……………………….
12.0
Properties Sold ……………………….
22.0
83.3%
Properties Pending Sale ………………
13.0
Properties Pending Sale ………………
26.0
100.0%
Properties For Sale …………….……...
89.0
Properties For Sale …………….……...
89.0
0.0%
Days on Market (Pending Sale) ….…..
65.2
Days on Market (Pending Sale) ….…..
53.4
-18.1%
Month’s supply of Inventory……….…
5.4
Month’s supply of Inventory……….…
2.0
-62.9%
Percent Under Contract ………….……
14.61%
Percent Under Contract ………….……
29.21%
100.0%
STUDIO CITY
SFR
Median Price ……………………..…….
$773,666
Median Price ……………………..…….
$901,270
14.2%
Average Price per Square Foot ….…
$389
Average Price per Square Foot ….…
$397
2.1%
Properties Sold ……………………….
8.0
Properties Sold ……………………….
16.0
100.0%
Properties Pending Sale ………………
4.0
Properties Pending Sale ………………
53
379.0%
Properties For Sale …………….……...
80.0
Properties For Sale …………….……...
68
-15%
Days on Market (Pending Sale) ….…..
108.9
Days on Market (Pending Sale) ….…..
121.8
11.9%
Month’s supply of Inventory……….…
4.8
Month’s supply of Inventory……….…
7.2
50.0%
Percent Under Contract ………….……
4.71%
Percent Under Contract ………….……
23.53%
400.0%
STUDIO CITY
CONDO
Median Price ……………………..…….
$440,000
Median Price ……………………..…….
$383,800
-12.8%
Average Price per Square Foot ….…
$309
Average Price per Square Foot ….…
$300
-2.9%
Properties Sold ……………………….
10.0
Properties Sold ……………………….
5.0
-50.0%
Properties Pending Sale ………………
3.0
Properties Pending Sale ………………
1.0
-66.7%
Properties For Sale …………….……...
41.0
Properties For Sale …………….……...
30.0
-27%
Days on Market (Pending Sale) ….…..
92.3
Days on Market (Pending Sale) ….…..
17.0
-81.6%
Month’s supply of Inventory……….…
4.1
Month’s supply of Inventory……….…
6
32%
Percent Under Contract ………….……
10.0%
Percent Under Contract ………….……
7.69%
-23.1%
SUNSET STRIP – HOLLYWOOD HILLS WEST
SFR
Median Price ……………………..…….
$1,900,000
Median Price ……………………..…….
$1,276,000
-32.8%
Average Price per Square Foot ….…
$543
Average Price per Square Foot ….…
$471
-13.3%
Properties Sold ……………………….
10.0
Properties Sold ……………………….
22.0
120.0%
Properties Pending Sale ………………
24.0
Properties Pending Sale ………………
35.0
45.8%
Properties For Sale …………….……...
345.0
Properties For Sale …………….……...
268.0
-22.3%
Days on Market (Pending Sale) ….…..
90.6
Days on Market (Pending Sale) ….…..
82.1
-9.4%
Month’s supply of Inventory……….…
11.8
Month’s supply of Inventory……….…
5.4
-54.0%
Percent Under Contract ………….……
6.96%
Percent Under Contract ………….……
13.06%
87.7%
SUNSET STRIP – HOLLYWOOD HILLS WEST
CONDO
Median Price ……………………..…….
$340,000
Median Price ……………………..…….
$369,500
8.7%
Average Price per Square Foot ….…
$425
Average Price per Square Foot ….…
$367
-13.6%
Properties Sold ……………………….
4.0
Properties Sold ……………………….
4.0
0.0%
Properties Pending Sale ………………
1.0
Properties Pending Sale ………………
3.0
200.0%
Properties For Sale …………….……...
59.0
Properties For Sale …………….……...
32.0
-45.8%
Days on Market (Pending Sale) ….…..
1.0
Days on Market (Pending Sale) ….…..
72.7
7,166.7%
Month’s supply of Inventory……….…
46.0
Month’s supply of Inventory……….…
7.0
-84.8%
Percent Under Contract ………….……
1.69%
Percent Under Contract ………….……
9.38%
453.1%
TOPANGA
SFR
Median Price ……………………..…….
$820,000
Median Price ……………………..…….
$440,000
-46.3%
Average Price per Square Foot ….…
$624
Average Price per Square Foot ….…
$352
-43.6%
Properties Sold ……………………….
3.0
Properties Sold ……………………….
3.0
0.0%
Properties Pending Sale ………………
4.0
Properties Pending Sale ………………
3.0
-25.0%
Properties For Sale …………….……...
67.0
Properties For Sale …………….……...
57.0
-14.9%
Days on Market (Pending Sale) ….…..
149.2
Days on Market (Pending Sale) ….…..
319.3
114.0%
Month’s supply of Inventory……….…
14.8
Month’s supply of Inventory……….…
15.7
6.2%
Percent Under Contract ………….……
5.97%
Percent Under Contract ………….……
5.26%
-11.8%
TOPANGA
CONDO
Median Price ……………………..…….
$0.0
Median Price ……………………..…….
$0.0
%
Average Price per Square Foot ….…
$0.0
Average Price per Square Foot ….…
$0.0
%
Properties Sold ……………………….
0.0
Properties Sold ……………………….
0.0
%
Properties Pending Sale ………………
0.0
Properties Pending Sale ………………
1.0
%
Properties For Sale …………….……...
0.0
Properties For Sale …………….……...
2.0
%
Days on Market (Pending Sale) ….…..
0.0
Days on Market (Pending Sale) ….…..
14.0
%
Month’s supply of Inventory……….…
0.0
Month’s supply of Inventory……….…
1.0
%
Percent Under Contract ………….……
0.0%
Percent Under Contract ………….……
50.0%
%
VENICE
SFR
Median Price ……………………..…….
$782,500
Median Price ……………………..…….
$1,300,000
66.1%
Average Price per Square Foot ….…
$560
Average Price per Square Foot ….…
$549
-2.0%
Properties Sold ……………………….
14.0
Properties Sold ……………………….
6.0
-57.1%
Properties Pending Sale ………………
12.0
Properties Pending Sale ………………
13.0
8.3%
Properties For Sale …………….……...
113.0
Properties For Sale …………….……...
89.0
-21.2%
Days on Market (Pending Sale) ….…..
80.4
Days on Market (Pending Sale) ….…..
55.1
-31.5%
Month’s supply of Inventory……….…
7.9
Month’s supply of Inventory……….…
5.2
-33.9%
Percent Under Contract ………….……
10.62%
Percent Under Contract ………….……
14.61%
37.5%
WEST HOLLYWOOD
SFR
Median Price ……………………..…….
$822,500
Median Price ……………………..…….
$1,042,500
26.7%
Average Price per Square Foot ….…
$635
Average Price per Square Foot ….…
$690
8.7%
Properties Sold ……………………….
9.0
Properties Sold ……………………….
4.0
-55.6%
Properties Pending Sale ………………
7.0
Properties Pending Sale ………………
11.0
57%
Properties For Sale …………….……...
64.0
Properties For Sale …………….……...
51.0
-20.3%
Days on Market (Pending Sale) ….…..
46.7
Days on Market (Pending Sale) ….…..
45.0
-3.7%
Month’s supply of Inventory……….…
6.9
Month’s supply of Inventory……….…
2.5
-64.2%
Percent Under Contract ………….……
10.94%
Percent Under Contract ………….……
21.57%
97.2%
WEST HOLLYWOOD
CONDO
Median Price ……………………..…….
$487,500
Median Price ……………………..…….
$415,000
-14.9%
Average Price per Square Foot ….…
$446
Average Price per Square Foot ….…
$377
-15.5%
Properties Sold ……………………….
14.0
Properties Sold ……………………….
22.0
57.1%
Properties Pending Sale ………………
35.0
Properties Pending Sale ………………
40.0
14.3%
Properties For Sale …………….……...
275.0
Properties For Sale …………….……...
164.0
-40.4%
Days on Market (Pending Sale) ….…..
69.5
Days on Market (Pending Sale) ….…..
71.3
2.6%
Month’s supply of Inventory……….…
6.1
Month’s supply of Inventory……….…
2.9
-53.6%
Percent Under Contract ………….……
12.73%
Percent Under Contract ………….……
24.39%
91.6%
WEST LOS ANGELES
SFR
Median Price ……………………..…….
$455,000
Median Price ……………………..…….
$499,000
9.7%
Average Price per Square Foot ….…
$337
Average Price per Square Foot ….…
$603
78.9%
Properties Sold ……………………….
3.0
Properties Sold ……………………….
1.0
-66.7%
Properties Pending Sale ………………
3.0
Properties Pending Sale ………………
4.0
33.3%
Properties For Sale …………….……...
38.0
Properties For Sale …………….……...
31.0
-18.4%
Days on Market (Pending Sale) ….…..
138.7
Days on Market (Pending Sale) ….…..
39.2
-71.7%
Month’s supply of Inventory……….…
11.0
Month’s supply of Inventory……….…
5.5
-50.0%
Percent Under Contract ………….……
7.89%
Percent Under Contract ………….……
12.90%
63.4%
WESTWOOD – CENTURY CITY
SFR
Median Price ……………………..…….
$1,093,000
Median Price ……………………..…….
$1,155,000
5.7%
Average Price per Square Foot ….…
$508
Average Price per Square Foot ….…
$662
30.3%
Properties Sold ……………………….
10.0
Properties Sold ……………………….
8.0
-20.0%
Properties Pending Sale ………………
8.0
Properties Pending Sale ………………
18.0
125.0%
Properties For Sale …………….……...
69.0
Properties For Sale …………….……...
80.0
15.9%
Days on Market (Pending Sale) ….…..
48.8
Days on Market (Pending Sale) ….…..
41.2
-15.6%
Month’s supply of Inventory……….…
6.5
Month’s supply of Inventory……….…
2.8
-56.4%
Percent Under Contract ………….……
11.59%
Percent Under Contract ………….……
22.50%
94.1%
WESTWOOD – CENTURY CITY
CONDO
Median Price ……………………..…….
$575,000
Median Price ……………………..…….
$580,000
0.9%
Average Price per Square Foot ….…
$412
Average Price per Square Foot ….…
$450
9.2%
Properties Sold ……………………….
25.0
Properties Sold ……………………….
36.0
44.0%
Properties Pending Sale ………………
32.0
Properties Pending Sale ………………
47.0
46.9%
Properties For Sale …………….……...
388.0
Properties For Sale …………….……...
337.0
-13.1%
Days on Market (Pending Sale) ….…..
76.0
Days on Market (Pending Sale) ….…..
73.4
-3.3%
Month’s supply of Inventory……….…
10.4
Month’s supply of Inventory……….…
5.2
-49.9%
Percent Under Contract ………….……
8.25%
Percent Under Contract ………….……
13.95%
69.1%
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