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 ……………………..…….
$1,935,000
Median Price ……………………..…….
$2,425,000
25.3%
Average Price per Square Foot ….…
$550
Average Price per Square Foot ….…
$764
38.9%
Properties Sold ……………………….
7.0
Properties Sold ……………………….
5.0
- 28.6%
Properties Pending Sale ………………
11.0
Properties Pending Sale ………………
13.0
18.2%
Properties For Sale …………….……...
167
Properties For Sale …………….……...
133
- 20.4%
Days on Market (Pending Sale) ….…..
106.5
Days on Market (Pending Sale) ….…..
111.6
4.8%
Month’s supply of Inventory……….…
13.2
Month’s supply of Inventory……….…
8.0
-39.3%
Percent Under Contract ………….……
6.59%
Percent Under Contract ………….……
9.77%
48.4%
BEVERLY CENTER – MIRCLE MILE
SFR
Median Price ……………………..…….
$725,000
Median Price ……………………..…….
$990,000
36.6%
Average Price per Square Foot ….…
$432
Average Price per Square Foot ….…
$399
-7.6%
Properties Sold ……………………….
3.0
Properties Sold ……………………….
7.0
133.3%
Properties Pending Sale ………………
12.0
Properties Pending Sale ………………
13.0
8.33%
Properties For Sale …………….……...
95
Properties For Sale …………….……...
76.0
- 20.0%
Days on Market (Pending Sale) ….…..
38
Days on Market (Pending Sale) ….…..
26.3
-30.8%
Month’s supply of Inventory……….…
5.8
Month’s supply of Inventory……….…
3.5
-39.3%
Percent Under Contract ………….……
12.63
Percent Under Contract ………….……
17.11
35.4%
BEVERLY CENTER – MIRCLE MILE
CONDO
Median Price ……………………..…….
$585,000
Median Price ……………………..…….
$468,000
-20.0%
Average Price per Square Foot ….…
$393
Average Price per Square Foot ….…
$313
-20.4%
Properties Sold ……………………….
7.0
Properties Sold ……………………….
3.0
-57.1%
Properties Pending Sale ………………
7.0
Properties Pending Sale ………………
9.0
28.6%
Properties For Sale …………….……...
57
Properties For Sale …………….……...
31
- 45.6%
Days on Market (Pending Sale) ….…..
94.9
Days on Market (Pending Sale) ….…..
18.9
-80.1%
Month’s supply of Inventory……….…
5.9
Month’s supply of Inventory……….…
2.2
-62.1%
Percent Under Contract ………….……
12.28
Percent Under Contract ………….……
29.03%
136.4%
BEVERLY HILLS
SFR
Median Price ……………………..…….
$2,876,250
Median Price ……………………..…….
$5,300,000
84.3%
Average Price per Square Foot ….…
$1,282
Average Price per Square Foot ….…
$827
-35.5%
Properties Sold ……………………….
9.0
Properties Sold ……………………….
2.0
- 77.8%
Properties Pending Sale ………………
11.0
Properties Pending Sale ………………
5.0
- 54.5%
Properties For Sale …………….……...
144.0
Properties For Sale …………….……...
116.0
- 19.4%
Days on Market (Pending Sale) ….…..
85.6
Days on Market (Pending Sale) ….…..
106.0
23.8%
Month’s supply of Inventory……….…
10.5
Month’s supply of Inventory……….…
17.6
66.9%
Percent Under Contract ………….……
7.64%
Percent Under Contract ………….……
4.31%
- 43.6%
BEVERLY HILLS
CONDO
Median Price ……………………..…….
$726,000
Median Price ……………………..…….
$675,000
-7.0%
Average Price per Square Foot ….…
$1,078
Average Price per Square Foot ….…
$418
-61.2%
Properties Sold ……………………….
7.0
Properties Sold ……………………….
7.0
0.0%
Properties Pending Sale ………………
4.0
Properties Pending Sale ………………
6.0
50.0%
Properties For Sale …………….……...
105
Properties For Sale …………….……...
69.0
- 34.3%
Days on Market (Pending Sale) ….…..
142
Days on Market (Pending Sale) ….…..
85.3
-39.9%
Month’s supply of Inventory……….…
23.5
Month’s supply of Inventory……….…
8.7
-63.1%
Percent Under Contract ………….……
3.81%
Percent Under Contract ………….……
8.7%
128.3%
BEVERLY HILLS P.O.
SFR
Median Price ……………………..…….
$1,610,000
Median Price ……………………..…….
$2,205,000
37.0%
Average Price per Square Foot ….…
$569
Average Price per Square Foot ….…
$529
-7.0%
Properties Sold ……………………….
7.0
Properties Sold ……………………….
8.0
14.3%
Properties Pending Sale ………………
5.0
Properties Pending Sale ………………
6.0
20.0%
Properties For Sale …………….……...
161.0
Properties For Sale …………….……...
143.0
-11.2%
Days on Market (Pending Sale) ….…..
112.8
Days on Market (Pending Sale) ….…..
81.5
-27.7%
Month’s supply of Inventory……….…
28.4
Month’s supply of Inventory……….…
17.7
-37.8%
Percent Under Contract ………….……
3.11%
Percent Under Contract ………….……
4.20%
35.1%
BEVERLYWOOD
SFR
Median Price ……………………..…….
$925,000
Median Price ……………………..…….
$664,500
-28.2%
Average Price per Square Foot ….…
$518
Average Price per Square Foot ….…
$386
-25.5%
Properties Sold ……………………….
7.0
Properties Sold ……………………….
11.0
57.1%
Properties Pending Sale ………………
3.0
Properties Pending Sale ………………
14.0
366.7%
Properties For Sale …………….……...
65.0
Properties For Sale …………….……...
64.0
- 1.5%
Days on Market (Pending Sale) ….…..
139.7
Days on Market (Pending Sale) ….…..
68.1
-51.3%
Month’s supply of Inventory……….…
16.7
Month’s supply of Inventory……….…
2.9
-82.9%
Percent Under Contract ………….……
4.62%
Percent Under Contract ………….……
21.88%
374.0%
BRENTWOOD
SFR
Median Price ……………………..…….
$1,835,000
Median Price ……………………..…….
$1,900,000
3.5%
Average Price per Square Foot ….…
$737
Average Price per Square Foot ….…
$686
- 6.9%
Properties Sold ……………………….
7.0
Properties Sold ……………………….
8.0
14.3%
Properties Pending Sale ………………
14.0
Properties Pending Sale ………………
21.0
50.0%
Properties For Sale …………….……...
143.0
Properties For Sale …………….……...
130.0
-9.1%
Days on Market (Pending Sale) ….…..
91.6
Days on Market (Pending Sale) ….…..
85.5
-6.6%
Month’s supply of Inventory……….…
8.2
Month’s supply of Inventory……….…
4.3
Percent Under Contract ………….……
9.79%
Percent Under Contract ………….……
16.15%
-47.8% 65.0%
BRENTWOOD
CONDO
Median Price ……………………..…….
$565,500
Median Price ……………………..…….
$517,014
-8.6%
Average Price per Square Foot ….…
$408
Average Price per Square Foot ….…
$408
0.0%
Properties Sold ……………………….
10.0
Properties Sold ……………………….
6.0
- 40.0%
Properties Pending Sale ………………
10.0
Properties Pending Sale ………………
9.0
-10.0%
Properties For Sale …………….……...
133.0
Properties For Sale …………….……...
75.0
- 40.6%
Days on Market (Pending Sale) ….…..
78
Days on Market (Pending Sale) ….…..
35.3
-54.7%
Month’s supply of Inventory……….…
11.2
Month’s supply of Inventory……….…
6.1
-45.4%
Percent Under Contract ………….……
7.52%
Percent Under Contract ………….……
11.39%
51.5%
CALABASAS
SFR
Median Price ……………………..…….
$1,550,000
Median Price ……………………..…….
$1,000,000
-35.5%
Average Price per Square Foot ….…
$304
Average Price per Square Foot ….…
$300
-1.3%
Properties Sold ……………………….
1.0
Properties Sold ……………………….
2.0
100.0%
Properties Pending Sale ………………
4.0
Properties Pending Sale ………………
4.0
0.0%
Properties For Sale …………….……...
44.0
Properties For Sale …………….……...
21.0
- 52.3%
Days on Market (Pending Sale) ….…..
113.8
Days on Market (Pending Sale) ….…..
86.5
-24.0%
Month’s supply of Inventory……….…
8.5
Month’s supply of Inventory……….…
3.5
-58.8%
Percent Under Contract ………….……
9.09%
Percent Under Contract ………….……
19.05%
109.5%
CHEVIOT HILLS-RANCH PARK
SFR
Median Price ……………………..…….
$1,030,000
Median Price ……………………..…….
$787,500
-23.5%
Average Price per Square Foot ….…
$447
Average Price per Square Foot ….…
$511
14.3%
Properties Sold ……………………….
5.0
Properties Sold ……………………….
2.0
- 60.0%
Properties Pending Sale ………………
4.0
Properties Pending Sale ………………
4.0
0.0%
Properties For Sale …………….……...
37.0
Properties For Sale …………….……...
28.0
- 24.30%
Days on Market (Pending Sale) ….…..
39.0
Days on Market (Pending Sale) ….…..
31.0
-20.5%
Month’s supply of Inventory……….…
7.2
Month’s supply of Inventory……….…
4.2
-41.40%
Percent Under Contract ………….……
10.81%
Percent Under Contract ………….……
14.29%
32.1%
CULVER CITY
SFR
Median Price ……………………..…….
$639,260
Median Price ……………………..…….
$595,000
-6.9%
Average Price per Square Foot ….…
$410
Average Price per Square Foot ….…
$385
-6.1%
Properties Sold ……………………….
4.0
Properties Sold ……………………….
12.0
200.0%
Properties Pending Sale ………………
9.0
Properties Pending Sale ………………
11.0
22.2%
Properties For Sale …………….……...
54.0
Properties For Sale …………….……...
46.0
-14.8%
Days on Market (Pending Sale) ….…..
84.2
Days on Market (Pending Sale) ….…..
48.8
-42.0%
Month’s supply of Inventory……….…
4.1
Month’s supply of Inventory……….…
2.5
-38.1%
Percent Under Contract ………….……
16.67%
Percent Under Contract ………….……
23.91%
43.5%
CULVER CITY
CONDO
Median Price ……………………..…….
$560,000
Median Price ……………………..…….
$235,000
-58.0%
Average Price per Square Foot ….…
$341
Average Price per Square Foot ….…
$271
- 20.5%
Properties Sold ……………………….
6.0
Properties Sold ……………………….
11.0
83.3%
Properties Pending Sale ………………
11.0
Properties Pending Sale ………………
12.0
9.1%
Properties For Sale …………….……...
86.0
Properties For Sale …………….……...
65.0
-24.4%
Days on Market (Pending Sale) ….…..
99.2
Days on Market (Pending Sale) ….…..
34.2
Month’s supply of Inventory……….…
6.0
Month’s supply of Inventory……….…
3.8
Percent Under Contract ………….……
12.79%
Percent Under Contract ………….……
18.46%
-65.6% - 36.1% 44.3%
DOWNTOWN
SFR
Median Price ……………………..…….
$143,900
Median Price ……………………..…….
$165,000
14.7%
Average Price per Square Foot ….…
$119
Average Price per Square Foot ….…
$147
23.5%
Properties Sold ……………………….
8.0
Properties Sold ……………………….
5.0
- 37.5%
Properties Pending Sale ………………
4.0
Properties Pending Sale ………………
6.0
50.0%
Properties For Sale …………….……...
41.0
Properties For Sale …………….……...
30.0
-26.8%
Days on Market (Pending Sale) ….…..
44.5
Days on Market (Pending Sale) ….…..
50.2
12.7%
Month’s supply of Inventory……….…
8.0
Month’s supply of Inventory……….…
3.2
-60.4%
Percent Under Contract ………….……
9.76%
Percent Under Contract ………….……
20.0%
105.0%
DOWNTOWN
CONDO
Median Price ……………………..…….
$286,000
Median Price ……………………..…….
$250,000
-12.6%
Average Price per Square Foot ….…
$301
Average Price per Square Foot ….…
$441
46.5%
Properties Sold ……………………….
25.0
Properties Sold ……………………….
21.0
-16.0%
Properties Pending Sale ………………
26.0
Properties Pending Sale ………………
24.0
- 7.7%
Properties For Sale …………….……...
239.0
Properties For Sale …………….……...
121.0
- 49.4%
Days on Market (Pending Sale) ….…..
77.7
Days on Market (Pending Sale) ….…..
45.3
Month’s supply of Inventory……….…
7.5
Month’s supply of Inventory……….…
2.9
Percent Under Contract ………….……
10.88%
Percent Under Contract ………….……
19.83%
- 41.7% - 61.3% 82.3%
ENCINO
SFR
Median Price ……………………..…….
$706,000
Median Price ……………………..…….
$453,000
-35.8%
Average Price per Square Foot ….…
$352
Average Price per Square Foot ….…
$370
5.1%
Properties Sold ……………………….
5.0
Properties Sold ……………………….
7.0
40.0%
Properties Pending Sale ………………
9.0
Properties Pending Sale ………………
7.0
-22.2%
Properties For Sale …………….……...
67.0
Properties For Sale …………….……...
55.0
-17.9%
Days on Market (Pending Sale) ….…..
112.3
Days on Market (Pending Sale) ….…..
104.6
-6.9%
Month’s supply of Inventory……….…
5.7
Month’s supply of Inventory……….…
6.0
5.9%
Percent Under Contract ………….……
13.43%
Percent Under Contract ………….……
12.73%
-5.3%
ENCINO
CONDO
Median Price ……………………..…….
$212,500
Median Price ……………………..…….
$352,500
65.9%
Average Price per Square Foot ….…
$203
Average Price per Square Foot ….…
$152
- 25.1%
Properties Sold ……………………….
2.0
Properties Sold ……………………….
2.0
0.0%
Properties Pending Sale ………………
2.0
Properties Pending Sale ………………
2.0
0.0%
Properties For Sale …………….……...
20.0
Properties For Sale …………….……...
8.0
-60.0%
Days on Market (Pending Sale) ….…..
40.5
Days on Market (Pending Sale) ….…..
26.0
Month’s supply of Inventory……….…
8.0
Month’s supply of Inventory……….…
2.0
Percent Under Contract ………….……
10.00%
Percent Under Contract ………….……
25.00%
-35.8% - 75.0% 150.0%
HANCOCK PARK-WILSHIRE
SFR
Median Price ……………………..…….
$850,000
Median Price ……………………..…….
$675,000
-20.06%
Average Price per Square Foot ….…
$388
Average Price per Square Foot ….…
$414
6.7%
Properties Sold ……………………….
9.0
Properties Sold ……………………….
14.0
55.6%
Properties Pending Sale ………………
15.0
Properties Pending Sale ………………
25.0
66.7%
Properties For Sale …………….……...
124.0
Properties For Sale …………….……...
129.0
4.0%
Days on Market (Pending Sale) ….…..
79.5
Days on Market (Pending Sale) ….…..
64.8
-18.5%
Month’s supply of Inventory……….…
6.5
Month’s supply of Inventory……….…
3.3
-49.3%
Percent Under Contract ………….……
12.10%
Percent Under Contract ………….……
19.38%
60.2%
HOLLYWOOD
SFR
Median Price ……………………..…….
$455,000
Median Price ……………………..…….
$469,000
3.1%
Average Price per Square Foot ….…
$434
Average Price per Square Foot ….…
$243
-44.0%
Properties Sold ……………………….
5.0
Properties Sold ……………………….
3.0
-40.0%
Properties Pending Sale ………………
3.0
Properties Pending Sale ………………
4.0
33.3%
Properties For Sale …………….……...
16.0
Properties For Sale …………….……...
24.0
50.0%
Days on Market (Pending Sale) ….…..
181.0
Days on Market (Pending Sale) ….…..
72.0
-60.2%
Month’s supply of Inventory……….…
4.3
Month’s supply of Inventory……….…
3.0
-30.8%
Percent Under Contract ………….……
18.75%
Percent Under Contract ………….……
16.67%
-11.1%
HOLLYWOOD
CONDO
Median Price ……………………..…….
$643,500
Median Price ……………………..…….
$588,000
-8.6%
Average Price per Square Foot ….…
$409
Average Price per Square Foot ….…
$458
12.0%
Properties Sold ……………………….
2.0
Properties Sold ……………………….
2.0
0.0%
Properties Pending Sale ………………
8.0
Properties Pending Sale ………………
2.0
-75.0%
Properties For Sale …………….……...
89.0
Properties For Sale …………….……...
60.0
-32.6%
Days on Market (Pending Sale) ….…..
71.8
Days on Market (Pending Sale) ….…..
162.0
125.8%
Month’s supply of Inventory……….…
9.1
Month’s supply of Inventory……….…
25.5
179.5%
Percent Under Contract ………….……
8.99%
Percent Under Contract ………….……
33.3%
-62.9%
HOLLYWOOD HILLS EAST
SFR
Median Price ……………………..…….
$877,500
Median Price ……………………..…….
$867,000
-1.2%
Average Price per Square Foot ….…
$394
Average Price per Square Foot ….…
$456
15.7%
Properties Sold ……………………….
8.0
Properties Sold ……………………….
7.0
-12.5%
Properties Pending Sale ………………
12.0
Properties Pending Sale ………………
13.0
8.3%
Properties For Sale …………….……...
88.0
Properties For Sale …………….……...
56.0
-36.4%
Days on Market (Pending Sale) ….…..
83.0
Days on Market (Pending Sale) ….…..
52.1
-37.3%
Month’s supply of Inventory……….…
5.7
Month’s supply of Inventory……….…
2.5
-56.6%
Percent Under Contract ………….……
13.64%
Percent Under Contract ………….……
23.21%
70.2%
LOS FELIZ
SFR
Median Price ……………………..…….
$907,500
Median Price ……………………..…….
$1,075,725
18.5%
Average Price per Square Foot ….…
$437
Average Price per Square Foot ….…
$520
19.0%
Properties Sold ……………………….
6.0
Properties Sold ……………………….
8.0
33.3%
Properties Pending Sale ………………
7.0
Properties Pending Sale ………………
14.0
100.0%
Properties For Sale …………….……...
89.0
Properties For Sale …………….……...
87.0
-2.2%
Days on Market (Pending Sale) ….…..
71.1
Days on Market (Pending Sale) ….…..
69.9
-1.7%
Month’s supply of Inventory……….…
10.4
Month’s supply of Inventory……….…
4.1
-60.3%
Percent Under Contract ………….……
7.87%
Percent Under Contract ………….……
16.09%
104.6%
LOS FELIZ
CONDO
Median Price ……………………..…….
$
Median Price ……………………..…….
$347,500
0.0%
Average Price per Square Foot ….…
$
Average Price per Square Foot ….…
$387
0.0%
Properties Sold ……………………….
0.0
Properties Sold ……………………….
2.0
0.0%
Properties Pending Sale ………………
4.0
Properties Pending Sale ………………
3.0
-25.0%
Properties For Sale …………….……...
20.0
Properties For Sale …………….……...
18.0
- 10.0%
Days on Market (Pending Sale) ….…..
32.0
Days on Market (Pending Sale) ….…..
47.7
49.0%
Month’s supply of Inventory……….…
2.8
Month’s supply of Inventory……….…
4.0
45.5%
Percent Under Contract ………….……
20.00%
Percent Under Contract ………….……
16.67%
- 16.7%
MALIBU
SFR
Median Price ……………………..…….
$2,925,000
Median Price ……………………..…….
$1,225,000
-58.1%
Average Price per Square Foot ….…
$634
Average Price per Square Foot ….…
$530
-16.4%
Properties Sold ……………………….
5.0
Properties Sold ……………………….
5.0
0.00%
Properties Pending Sale ………………
6.0
Properties Pending Sale ………………
18.0
200.0%
Properties For Sale …………….……...
255.0
Properties For Sale …………….……...
212.0
-16.9%
Days on Market (Pending Sale) ….…..
164.7
Days on Market (Pending Sale) ….…..
153.7
-6.6%
Month’s supply of Inventory……….…
37.2
Month’s supply of Inventory……….…
9.2
-75.3%
Percent Under Contract ………….……
2.35%
Percent Under Contract ………….……
8.49%
260.8%
MALIBU BEACH
SFR
Median Price ……………………..…….
$2,000,000
Median Price ……………………..…….
$5,500,000
175.0%
Average Price per Square Foot ….…
$980
Average Price per Square Foot ….…
$0.0
%
Properties Sold ……………………….
2.0
Properties Sold ……………………….
1.0
-50.0%
Properties Pending Sale ………………
1.0
Properties Pending Sale ………………
3.0
200.0%
Properties For Sale …………….……...
93.0
Properties For Sale …………….……...
93.0
0.0%
Days on Market (Pending Sale) ….…..
160.0
Days on Market (Pending Sale) ….…..
72.3
-54.8%
Month’s supply of Inventory……….…
88.0
Month’s supply of Inventory……….…
26.0
-70.5%
Percent Under Contract ………….……
1.08%
Percent Under Contract ………….……
3.23%
200.0%
MARINA DEL REY
SFR
Median Price ……………………..…….
$1,264,500
Median Price ……………………..……. $ 1,472,500
Average Price per Square Foot ….…
$384
Average Price per Square Foot ….…
$406
5.7%
Properties Sold ……………………….
2.0
Properties Sold ……………………….
4.0
100.0%
Properties Pending Sale ………………
1.0
Properties Pending Sale ………………
1.0
0.0%
Properties For Sale …………….……...
32.0
Properties For Sale …………….……...
26.0
-18.8%
Days on Market (Pending Sale) ….…..
168.0
Days on Market (Pending Sale) ….…..
33.0
-80.4%
Month’s supply of Inventory……….…
29.0
Month’s supply of Inventory……….…
20.0
-31.0%
Percent Under Contract ………….……
3.12%
Percent Under Contract ………….……
3.85%
23.1%
16.4%
MARINA DEL REY
CONDO
Median Price ……………………..…….
$537,500
Median Price ……………………..…….
$ 508,500
-5.4%
Average Price per Square Foot ….…
$369
Average Price per Square Foot ….…
$396
7.3%
Properties Sold ……………………….
18.0
Properties Sold ……………………….
12.0
-33.3%
Properties Pending Sale ………………
18.0
Properties Pending Sale ………………
23.0
27.8%
Properties For Sale …………….……...
219.0
Properties For Sale …………….……...
147.0
-32.9%
Days on Market (Pending Sale) ….…..
168.1
Days on Market (Pending Sale) ….…..
123.4
-26.6%
Month’s supply of Inventory……….…
10.2
Month’s supply of Inventory……….…
4.3
-57.7%
Percent Under Contract ………….……
8.22%
Percent Under Contract ………….……
15.65%
90.4%
MID LOS ANGELES
SFR
Median Price ……………………..…….
$312,000
Median Price ……………………..…….
$ 405,500
30.0%
Average Price per Square Foot ….…
$192
Average Price per Square Foot ….…
$236
22.9%
Properties Sold ……………………….
17.0
Properties Sold ……………………….
10.0
-41.2%
Properties Pending Sale ………………
15.0
Properties Pending Sale ………………
14.0
-6.7%
Properties For Sale …………….……...
137.0
Properties For Sale …………….……...
96.0
-29.9%
Days on Market (Pending Sale) ….…..
69.3
Days on Market (Pending Sale) ….…..
65.2
-5.9%
Month’s supply of Inventory……….…
7.4
Month’s supply of Inventory……….…
4.6
-38.2%
Percent Under Contract ………….……
10.95%
Percent Under Contract ………….……
14.58%
33.2%
MID WILSHIRE
SFR
Median Price ……………………..…….
$485,000
Median Price ……………………..…….
$0.0
%
Average Price per Square Foot ….…
$205
Average Price per Square Foot ….…
$0.0
%
Properties Sold ……………………….
5.0
Properties Sold ……………………….
0.0
%
Properties Pending Sale ………………
3.0
Properties Pending Sale ………………
3.0
0.0%
Properties For Sale …………….……...
37.0
Properties For Sale …………….……...
19.0
-48.6%
Days on Market (Pending Sale) ….…..
49.3
Days on Market (Pending Sale) ….…..
9.7
-80.4%
Month’s supply of Inventory……….…
9.7
Month’s supply of Inventory……….…
4.7
-51.7%
Percent Under Contract ………….……
8.11%
Percent Under Contract ………….……
15.79%
94.7%
NORTHRIDGE
SFR
Median Price ……………………..…….
$383,000
Median Price ……………………..…….
$ 315,000
-17.8%
Average Price per Square Foot ….…
$228
Average Price per Square Foot ….…
$161
-29.4%
Properties Sold ……………………….
5.0
Properties Sold ……………………….
2.0
-60.0%
Properties Pending Sale ………………
4.0
Properties Pending Sale ………………
5.0
25.0%
Properties For Sale …………….……...
33.0
Properties For Sale …………….……...
21.0
-36.4%
Days on Market (Pending Sale) ….…..
63.5
Days on Market (Pending Sale) ….…..
30.0
-52.8%
Month’s supply of Inventory……….…
6.5
Month’s supply of Inventory……….…
2.6
-60.0%
Percent Under Contract ………….……
12.12%
Percent Under Contract ………….……
23.81%
96.4%
NORTHRIDGE
CONDO
Median Price ……………………..…….
$177,500
Median Price ……………………..…….
$ 255,000
43.7%
Average Price per Square Foot ….…
$149
Average Price per Square Foot ….…
$183
22.8%
Properties Sold ……………………….
2.0
Properties Sold ……………………….
4.0
100.0%
Properties Pending Sale ………………
2.0
Properties Pending Sale ………………
4.0
100.0%
Properties For Sale …………….……...
9.0
Properties For Sale …………….……...
7.0
-22.2%
Days on Market (Pending Sale) ….…..
84.0
Days on Market (Pending Sale) ….…..
42.5
-49.4%
Month’s supply of Inventory……….…
3.5
Month’s supply of Inventory……….…
0.5
-85.7%
Percent Under Contract ………….……
22.22%
Percent Under Contract ………….……
57.14%
157.1%
PACIFIC PALISADES
SFR
Median Price ……………………..…….
$1,431,895
Median Price ……………………..…….
$1,700,000
18.7%
Average Price per Square Foot ….…
$580
Average Price per Square Foot ….…
$744
28.3%
Properties Sold ……………………….
16.0
Properties Sold ……………………….
15.0
-6.2%
Properties Pending Sale ………………
13.0
Properties Pending Sale ………………
16.0
23.1%
Properties For Sale …………….……...
177.0
Properties For Sale …………….……...
126.0
-28.8%
Days on Market (Pending Sale) ….…..
64.9
Days on Market (Pending Sale) ….…..
62.4
-3.8%
Month’s supply of Inventory……….…
11.0
Month’s supply of Inventory……….…
5.9
-46.6%
Percent Under Contract ………….……
7.34%
Percent Under Contract ………….……
12.70%
72.9%
PALMS – MAR VISTA
SFR
Median Price ……………………..…….
$688,000
Median Price ……………………..…….
$719,950
4.6%
Average Price per Square Foot ….…
$409
Average Price per Square Foot ….…
$428
4.6%
Properties Sold ……………………….
12.0
Properties Sold ……………………….
16.0
33.3%
Properties Pending Sale ………………
12.0
Properties Pending Sale ………………
16.0
33.3%
Properties For Sale …………….……...
102.0
Properties For Sale …………….……...
74.0
-27.5%
Days on Market (Pending Sale) ….…..
41.7
Days on Market (Pending Sale) ….…..
57.2
37.4%
Month’s supply of Inventory……….…
6.5
Month’s supply of Inventory……….…
2.8
-56.7%
Percent Under Contract ………….……
11.76%
Percent Under Contract ………….……
21.62%
83.8%
SANTA MONICA
SFR
Median Price ……………………..…….
$1,385,000
Median Price ……………………..…….
$1,830,000
32.1%
Average Price per Square Foot ….…
$630
Average Price per Square Foot ….…
$778
23.5%
Properties Sold ……………………….
17.0
Properties Sold ……………………….
11.0
-35.3%
Properties Pending Sale ………………
17.0
Properties Pending Sale ………………
22.0
29.4%
Properties For Sale …………….……...
123.0
Properties For Sale …………….……...
100.0
-18.7%
Days on Market (Pending Sale) ….…..
49.5
Days on Market (Pending Sale) ….…..
46.8
-5.6%
Month’s supply of Inventory……….…
5.7
Month’s supply of Inventory……….…
2.9
-49.0%
Percent Under Contract ………….……
13.82%
Percent Under Contract ………….……
22.00%
59.2%
SANTA MONICA
CONDO
Median Price ……………………..…….
$655,000
Median Price ……………………..…….
$850,000
29.8%
Average Price per Square Foot ….…
$616
Average Price per Square Foot ….…
$847
37.5%
Properties Sold ……………………….
32.0
Properties Sold ……………………….
17.0
-46.9%
Properties Pending Sale ………………
32.0
Properties Pending Sale ………………
34.0
6.2%
Properties For Sale …………….……...
243.0
Properties For Sale …………….……...
160.0
-34.2%
Days on Market (Pending Sale) ….…..
61.8
Days on Market (Pending Sale) ….…..
60.9
-1.4%
Month’s supply of Inventory……….…
5.8
Month’s supply of Inventory……….…
3.0
-47.9%
Percent Under Contract ………….……
13.17%
Percent Under Contract ………….……
21.25%
61.4%
SHERMAN OAKS
SFR
Median Price ……………………..…….
$995,000
Median Price ……………………..…….
$790,000
-20.6%
Average Price per Square Foot ….…
$395
Average Price per Square Foot ….…
$383
- 3.0%
Properties Sold ……………………….
10.0
Properties Sold ……………………….
11.0
10.0%
Properties Pending Sale ………………
10.0
Properties Pending Sale ………………
15.0
50.0%
Properties For Sale …………….……...
95.0
Properties For Sale …………….……...
70.0
-26.3%
Days on Market (Pending Sale) ….…..
227.0
Days on Market (Pending Sale) ….…..
53.1
-76.6%
Month’s supply of Inventory……….…
7.4
Month’s supply of Inventory……….…
2.9
-60.4%
Percent Under Contract ………….……
10.53%
Percent Under Contract ………….……
21.43%
103.6%
SHERMAN OAKS
CONDO
Median Price ……………………..…….
$421,000
Median Price ……………………..…….
$357,500
-15.1%
Average Price per Square Foot ….…
$288
Average Price per Square Foot ….…
$234
-18.8%
Properties Sold ……………………….
2.0
Properties Sold ……………………….
3.0
50.0%
Properties Pending Sale ………………
0.0
Properties Pending Sale ………………
4.0
%
Properties For Sale …………….……...
37.0
Properties For Sale …………….……...
22.0
-40.5%
Days on Market (Pending Sale) ….…..
0.0
Days on Market (Pending Sale) ….…..
63.8
%
Month’s supply of Inventory……….…
0.0
Month’s supply of Inventory……….…
4.2
%
Percent Under Contract ………….……
0.0%
Percent Under Contract ………….……
18.18%
%
SILVER LAKE – ECHO PARK
SFR
Median Price ……………………..…….
$321,000
Median Price ……………………..…….
$685,000
113.4%
Average Price per Square Foot ….…
$322
Average Price per Square Foot ….…
$410
27.3%
Properties Sold ……………………….
9.0
Properties Sold ……………………….
8.0
-11.1%
Properties Pending Sale ………………
12.0
Properties Pending Sale ………………
23.0
91.7%
Properties For Sale …………….……...
96.0
Properties For Sale …………….……...
91.0
-5.2%
Days on Market (Pending Sale) ….…..
67.3
Days on Market (Pending Sale) ….…..
48.7
-27.7%
Month’s supply of Inventory……….…
6.1
Month’s supply of Inventory……….…
2.5
-59.3%
Percent Under Contract ………….……
12.50%
Percent Under Contract ………….……
25.27%
102.2%
STUDIO CITY
SFR
Median Price ……………………..…….
$982,500
Median Price ……………………..…….
$934,000
-3.0%
Average Price per Square Foot ….…
$394
Average Price per Square Foot ….…
$371
- 5.8%
Properties Sold ……………………….
8.0
Properties Sold ……………………….
3.0
-62.5%
Properties Pending Sale ………………
6.0
Properties Pending Sale ………………
16.0
166.7%
Properties For Sale …………….……...
86.0
Properties For Sale …………….……...
72.0
- 16.3%
Days on Market (Pending Sale) ….…..
90.8
Days on Market (Pending Sale) ….…..
29.8
-67.2%
Month’s supply of Inventory……….…
11.5
Month’s supply of Inventory……….…
2.9
-75.0%
Percent Under Contract ………….……
6.98%
Percent Under Contract ………….……
22.22%
218.50%
STUDIO CITY
CONDO
Median Price ……………………..…….
$412,500
Median Price ……………………..…….
$0.0
%
Average Price per Square Foot ….…
$317
Average Price per Square Foot ….…
$0.0
%
Properties Sold ……………………….
2.0
Properties Sold ……………………….
0.0
%
Properties Pending Sale ………………
3.0
Properties Pending Sale ………………
5.0
66.7%
Properties For Sale …………….……...
33.0
Properties For Sale …………….……...
14.0
-57.6%
Days on Market (Pending Sale) ….…..
36.3
Days on Market (Pending Sale) ….…..
153.2
321.7%
Month’s supply of Inventory……….…
8.3
Month’s supply of Inventory……….…
1.2
-85.6%
Percent Under Contract ………….……
9.09%
Percent Under Contract ………….……
35.71%
292.9%
SUNSET STRIP – HOLLYWOOD HILLS WEST
SFR
Median Price ……………………..…….
$1,400,000
Median Price ……………………..…….
$1,789,950
27.9%
Average Price per Square Foot ….…
$594
Average Price per Square Foot ….…
$708
19.2%
Properties Sold ……………………….
21.0
Properties Sold ……………………….
12.0
-42.9%
Properties Pending Sale ………………
23.0
Properties Pending Sale ………………
27.0
17.4%
Properties For Sale …………….……...
344.0
Properties For Sale …………….……...
262.0
-23.8%
Days on Market (Pending Sale) ….…..
72.9
Days on Market (Pending Sale) ….…..
71.9
-1.4%
Month’s supply of Inventory……….…
12.4
Month’s supply of Inventory……….…
7.0
-44.0%
Percent Under Contract ………….……
6.69%
Percent Under Contract ………….……
10.31%
54.1%
SUNSET STRIP – HOLLYWOOD HILLS WEST
CONDO
Median Price ……………………..…….
$350,000
Median Price ……………………..…….
$665,000
90.0%
Average Price per Square Foot ….…
$340
Average Price per Square Foot ….…
$395
16.2%
Properties Sold ……………………….
4.0
Properties Sold ……………………….
1.0
-75.0%
Properties Pending Sale ………………
4.0
Properties Pending Sale ………………
5.0
25.0%
Properties For Sale …………….……...
53.0
Properties For Sale …………….……...
25.0
-52.8%
Days on Market (Pending Sale) ….…..
58.0
Days on Market (Pending Sale) ….…..
47.0
-19.0%
Month’s supply of Inventory……….…
10.2
Month’s supply of Inventory……….…
3.8
-62.9%
Percent Under Contract ………….……
7.55%
Percent Under Contract ………….……
20.0%
165.0%
TOPANGA
SFR
Median Price ……………………..…….
$500,00
Median Price ……………………..…….
$640,000
28.0%
Average Price per Square Foot ….…
$414
Average Price per Square Foot ….…
$332
-19.8%
Properties Sold ……………………….
3.0
Properties Sold ……………………….
3.0
0.0%
Properties Pending Sale ………………
3.0
Properties Pending Sale ………………
7.0
133.3%
Properties For Sale …………….……...
60.0
Properties For Sale …………….……...
56.0
-6.7%
Days on Market (Pending Sale) ….…..
141.0
Days on Market (Pending Sale) ….…..
189.9
34.7%
Month’s supply of Inventory……….…
17.3
Month’s supply of Inventory……….…
6.1
-64.6%
Percent Under Contract ………….……
5.00%
Percent Under Contract ………….……
12.50%
150.0%
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 ………………
0.0
%
Properties For Sale …………….……...
0.0
Properties For Sale …………….……...
0.0
%
Days on Market (Pending Sale) ….…..
0.0
Days on Market (Pending Sale) ….…..
0.0
%
Month’s supply of Inventory……….…
0.0
Month’s supply of Inventory……….…
0.0
%
Percent Under Contract ………….……
0.0%
Percent Under Contract ………….……
0.0%
%
VENICE
SFR
Median Price ……………………..…….
$920,000
Median Price ……………………..…….
$729,098
-20.8%
Average Price per Square Foot ….…
$595
Average Price per Square Foot ….…
$743
24.9%
Properties Sold ……………………….
3.0
Properties Sold ……………………….
8.0
166.7%
Properties Pending Sale ………………
21.0
Properties Pending Sale ………………
12.0
-42.9%
Properties For Sale …………….……...
121.0
Properties For Sale …………….……...
78.0
-35.5%
Days on Market (Pending Sale) ….…..
80.8
Days on Market (Pending Sale) ….…..
68.3
-15.4%
Month’s supply of Inventory……….…
4.3
Month’s supply of Inventory……….…
4.5
5.0%
Percent Under Contract ………….……
17.36%
Percent Under Contract ………….……
15.38%
-11.4%
WEST HOLLYWOOD
SFR
Median Price ……………………..…….
$829,000
Median Price ……………………..…….
$821,000
-1.0%
Average Price per Square Foot ….…
$545
Average Price per Square Foot ….…
$680
24.8%
Properties Sold ……………………….
9.0
Properties Sold ……………………….
8.0
-11.1%
Properties Pending Sale ………………
10.0
Properties Pending Sale ………………
9.0
-10.0%
Properties For Sale …………….……...
63.0
Properties For Sale …………….……...
46.0
-27.0%
Days on Market (Pending Sale) ….…..
57.5
Days on Market (Pending Sale) ….…..
112.0
94.8%
Month’s supply of Inventory……….…
4.5
Month’s supply of Inventory……….…
3.3
-25.9%
Percent Under Contract ………….……
15.87%
Percent Under Contract ………….……
19.57%
23.3%
WEST HOLLYWOOD
CONDO
Median Price ……………………..…….
$578,500
Median Price ……………………..…….
$400,00
-30.9%
Average Price per Square Foot ….…
$410
Average Price per Square Foot ….…
$377
-8.0%
Properties Sold ……………………….
30.0
Properties Sold ……………………….
19.0
-36.7%
Properties Pending Sale ………………
24.0
Properties Pending Sale ………………
30.0
25.0%
Properties For Sale …………….……...
275.0
Properties For Sale …………….……...
159.0
-42.2%
Days on Market (Pending Sale) ….…..
76.0
Days on Market (Pending Sale) ….…..
75.3
-1.0%
Month’s supply of Inventory……….…
9.5
Month’s supply of Inventory……….…
3.5
-62.6%
Percent Under Contract ………….……
8.73%
Percent Under Contract ………….……
18.87%
116.2%
WEST LOS ANGELES
SFR
Median Price ……………………..…….
$732,000
Median Price ……………………..…….
$570,000
-22.1%
Average Price per Square Foot ….…
$473
Average Price per Square Foot ….…
$417
-11.8%
Properties Sold ……………………….
3
Properties Sold ……………………….
7
133.3%
Properties Pending Sale ………………
4
Properties Pending Sale ………………
4
0%
Properties For Sale …………….……...
39
Properties For Sale …………….……...
25
-35.9%
Days on Market (Pending Sale) ….…..
57
Days on Market (Pending Sale) ….…..
51
-11.2%
Month’s supply of Inventory……….…
7.8
Month’s supply of Inventory……….…
3.8
-51.3%
Percent Under Contract ………….……
10.26%
Percent Under Contract ………….……
16.00%
55.9%
WESTWOOD – CENTURY CITY
SFR
Median Price ……………………..…….
$1,312,000
Median Price ……………………..…….
$1,680,300
28.0%
Average Price per Square Foot ….…
$542
Average Price per Square Foot ….…
$593
9.4%
Properties Sold ……………………….
18
Properties Sold ……………………….
16
-11.1%
Properties Pending Sale ………………
6
Properties Pending Sale ………………
11
83.3%
Properties For Sale …………….……...
69
Properties For Sale …………….……...
61
-11.6%
Days on Market (Pending Sale) ….…..
105
Days on Market (Pending Sale) ….…..
40
-62.0%
Month’s supply of Inventory……….…
8.7
Month’s supply of Inventory……….…
2.8
-67.8%
Percent Under Contract ………….……
8.70%
Percent Under Contract ………….……
18.03%
107.2%
WESTWOOD – CENTURY CITY
CONDO
Median Price ……………………..…….
$525,000
Median Price ……………………..…….
$607,000
15.6%
Average Price per Square Foot ….…
$737
Average Price per Square Foot ….…
$416
-43.6%
Properties Sold ……………………….
15.0
Properties Sold ……………………….
29.0
93.3%
Properties Pending Sale ………………
34.0
Properties Pending Sale ………………
57.0
67.6%
Properties For Sale …………….……...
394.0
Properties For Sale …………….……...
355.0
-9.9%
Days on Market (Pending Sale) ….…..
91.3
Days on Market (Pending Sale) ….…..
113.9
24.7%
Month’s supply of Inventory……….…
9.5
Month’s supply of Inventory……….…
4.5
-52.7%
Percent Under Contract ………….……
8.63%
Percent Under Contract ………….……
16.06%
86.1%
WESTWOOD – CENTURY CITY
SFR
Median Price ……………………..…….
$963,100
Median Price ……………………..…….
$1,278,500
32.7%
Average Price per Square Foot ….…
$536
Average Price per Square Foot ….…
$597
11.4%
Properties Sold ……………………….
11.0
Properties Sold ……………………….
14.0
27.3%
Properties Pending Sale ………………
8.0
Properties Pending Sale ………………
11.0
37.5%
Properties For Sale …………….……...
73.0
Properties For Sale …………….……...
67.0
-8.2%
Days on Market (Pending Sale) ….…..
67.9
Days on Market (Pending Sale) ….…..
16.8
-75.2%
Month’s supply of Inventory……….…
7.0
Month’s supply of Inventory……….…
4.0
42.9%
Percent Under Contract ………….……
10.96%
Percent Under Contract ………….……
16.42%
49.8%
WEST LOS ANGELES
SFR
Median Price ……………………..…….
$542,000
Median Price ……………………..…….
$720,000
32.8%
Average Price per Square Foot ….…
$551
Average Price per Square Foot ….…
$477
-13.4%
Properties Sold ……………………….
2.0
Properties Sold ……………………….
7.0
250.0%
Properties Pending Sale ………………
4.0
Properties Pending Sale ………………
4.0
0.0%
Properties For Sale …………….……...
39.0
Properties For Sale …………….……...
28.0
-28.2%
Days on Market (Pending Sale) ….…..
76.8
Days on Market (Pending Sale) ….…..
58.5
-23.8%
Month’s supply of Inventory……….…
7.5
Month’s supply of Inventory……….…
4.8
-36.7%
Percent Under Contract ………….……
10.26%
Percent Under Contract ………….……
14.29%
39.3%
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