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 MAY 2011
SFR
MAY 2012
% CHANGE
Median Price ……………………..…….
$1,622,500
Median Price ……………………..…….
$2,420,000
49.2%
Average Price per Square Foot ….…
$808
Average Price per Square Foot ….…
$834
3.2%
Properties Sold ……………………….
20
Properties Sold ……………………….
16
-20.0%
Properties Pending Sale ………………
18
Properties Pending Sale ………………
16
-11.1%
Properties For Sale …………….……...
179
Properties For Sale …………….……...
134
-25.1%
Days on Market (Pending Sale) ….…..
96
Days on Market (Pending Sale) ….…..
41
-57.7%
Month’s supply of Inventory……….…
8.1
Month’s supply of Inventory……….…
6.4
-20.6%
Percent Under Contract ………….……
10.6%
Percent Under Contract ………….……
11.94%
18.7%
BEVERLY CENTER – MIRACLE MILE MAY 2011
SFR
MAY 2012
% CHANGE
Median Price ……………………..…….
$841,750
Median Price ……………………..…….
$934,000
11.0%
Average Price per Square Foot ….…
$494
Average Price per Square Foot ….…
$492
-0.4%
Properties Sold ……………………….
8
Properties Sold ……………………….
20
150.0%
Properties Pending Sale ………………
17
Properties Pending Sale ………………
21
23.5%
Properties For Sale …………….……...
114
Properties For Sale …………….……...
76
-33.3%
Days on Market (Pending Sale) ….…..
62
Days on Market (Pending Sale) ….…..
27
-56.2%
Month’s supply of Inventory……….…
5.1
Month’s supply of Inventory……….…
2.2
-55.8%
Percent Under Contract ………….……
14.91%
Percent Under Contract ………….……
27.63%
85.3%
BEVERLY CENTER – MIRACLE MILE MAY 2011
CONDO
MAY 2012
% CHANGE
Median Price ……………………..…….
$400,000
Median Price ……………………..…….
$480,000
20.0%
Average Price per Square Foot ….…
$353
Average Price per Square Foot ….…
$359
1.7%
Properties Sold ……………………….
5
Properties Sold ……………………….
7
40.0%
Properties Pending Sale ………………
5
Properties Pending Sale ………………
8
60.0%
Properties For Sale …………….……...
42
Properties For Sale …………….……...
28
-33.3%
Days on Market (Pending Sale) ….…..
49
Days on Market (Pending Sale) ….…..
46
-6.4%
Month’s supply of Inventory……….…
6.6
Month’s supply of Inventory……….…
2.1
-67.8%
Percent Under Contract ………….……
11.90%
Percent Under Contract ………….……
28.57%
140.0%
BEVERLY HILLS
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$2,395,000
Median Price ……………………..…….
$6,975,000
191.2%
Average Price per Square Foot ….…
$790
Average Price per Square Foot ….…
$1,022
29.4%
Properties Sold ……………………….
10
Properties Sold ……………………….
10
0.0%
Properties Pending Sale ………………
13
Properties Pending Sale ………………
16
23.1%
Properties For Sale …………….……...
159
Properties For Sale …………….……...
144
-9.4%
Days on Market (Pending Sale) ….…..
76
Days on Market (Pending Sale) ….…..
151
97.4%
Month’s supply of Inventory……….…
10.5
Month’s supply of Inventory……….…
6.4
-39.1%
Percent Under Contract ………….……
8.18%
Percent Under Contract ………….……
11.11%
35.9%
BEVERLY HILLS
CONDO
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$1,030,000
Median Price ……………………..…….
$1,030,000
0.0%
Average Price per Square Foot ….…
$1,162
Average Price per Square Foot ….…
$791
-31.9%
Properties Sold ……………………….
6
Properties Sold ……………………….
14
133.3%
Properties Pending Sale ………………
8
Properties Pending Sale ………………
16
100.0%
Properties For Sale …………….……...
101
Properties For Sale …………….……...
76
-24.8%
Days on Market (Pending Sale) ….…..
79
Days on Market (Pending Sale) ….…..
99
26.2%
Month’s supply of Inventory……….…
10.5
Month’s supply of Inventory……….…
3.1
-70.8%
Percent Under Contract ………….……
7.92%
Percent Under Contract ………….……
21.05%
165.8%
BEVERLY HILLS P.O. MAY 2011
SFR MAY 2012
% CHANGE
Median Price ……………………..…….
$1,607,500
Median Price ……………………..…….
$2,475,000
54.0%
Average Price per Square Foot ….…
$521
Average Price per Square Foot ….…
$599
15.0%
Properties Sold ……………………….
12
Properties Sold ……………………….
19
58.3%
Properties Pending Sale ………………
13
Properties Pending Sale ………………
15
15.4%
Properties For Sale …………….……...
182
Properties For Sale …………….……...
130
-28.6%
Days on Market (Pending Sale) ….…..
107
Days on Market (Pending Sale) ….…..
96
-10.6%
Month’s supply of Inventory……….…
11.9
Month’s supply of Inventory……….…
6.6
-44.6%
Percent Under Contract ………….……
7.14%
Percent Under Contract ………….……
11.54%
61.5%
BEVERLYWOOD
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$805,000
Median Price ……………………..…….
$779,000
-3.2%
Average Price per Square Foot ….…
$446
Average Price per Square Foot ….…
$442
-0.9%
Properties Sold ……………………….
18
Properties Sold ……………………….
16
-11.1%
Properties Pending Sale ………………
12
Properties Pending Sale ………………
30
150.0%
Properties For Sale …………….……...
80
Properties For Sale …………….……...
75
-6.2%
Days on Market (Pending Sale) ….…..
30
Days on Market (Pending Sale) ….…..
46
53.5%
Month’s supply of Inventory……….…
5.3
Month’s supply of Inventory……….…
1.3
-76.2%
Percent Under Contract ………….……
15.0%
Percent Under Contract ………….……
40.0%
166.7%
BRENTWOOD
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$2,262,500
Median Price ……………………..…….
$1,838,000
-18.8%
Average Price per Square Foot ….…
$694
Average Price per Square Foot ….…
$809
16.6%
Properties Sold ……………………….
12
Properties Sold ……………………….
15
25.0%
Properties Pending Sale ………………
17
Properties Pending Sale ………………
25
47.1%
Properties For Sale …………….……...
164
Properties For Sale …………….……...
157
-4.3%
Days on Market (Pending Sale) ….…..
56
Days on Market (Pending Sale) ….…..
43
-22.8%
Month’s supply of Inventory……….…
8.1
Month’s supply of Inventory……….…
4.4
-45.9%
Percent Under Contract ………….……
10.37%
Percent Under Contract ………….……
15.92%
53.6%
BRENTWOOD
CONDO
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$734,762
Median Price ……………………..…….
$608,250
-17.2%
Average Price per Square Foot ….…
$454
Average Price per Square Foot ….…
$399
-12.1%
Properties Sold ……………………….
20
Properties Sold ……………………….
16
-20.0%
Properties Pending Sale ………………
20
Properties Pending Sale ………………
22
10.0%
Properties For Sale …………….……...
135
Properties For Sale …………….……...
85
-37.0%
Days on Market (Pending Sale) ….…..
103
Days on Market (Pending Sale) ….…..
35
-66.1%
Month’s supply of Inventory……….…
4.9
Month’s supply of Inventory……….…
2.5
-49.0%
Percent Under Contract ………….……
14.81%
Percent Under Contract ………….……
25.88%
74.7%
CALABASAS
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$2,070,000
Median Price ……………………..…….
$1,100,000
-53%
Average Price per Square Foot ….…
$394
Average Price per Square Foot ….…
$313
-21%
Properties Sold ……………………….
2
Properties Sold ……………………….
30
1500%
Properties Pending Sale ………………
3
Properties Pending Sale ………………
66
2200%
Properties For Sale …………….……...
35
Properties For Sale …………….……...
97
136%
Days on Market (Pending Sale) ….…..
186
Days on Market (Pending Sale) ….…..
55
170.5%
Month’s supply of Inventory……….…
9.7
Month’s supply of Inventory……….…
7.0
-27.6%
Percent Under Contract ………….……
8.57%
Percent Under Contract ………….……
10.53%
22.8%
CHEVIOT HILLS-RANCH PARK MAY 2011
SFR
MAY 2012
% CHANGE
Median Price ……………………..…….
$1,585,000
Median Price ……………………..…….
$1,296,000
-18.2%
Average Price per Square Foot ….…
$515
Average Price per Square Foot ….…
$503
-2.3%
Properties Sold ……………………….
7
Properties Sold ……………………….
4
-42.9%
Properties Pending Sale ………………
2
Properties Pending Sale ………………
6
200.0%
Properties For Sale …………….……...
40
Properties For Sale …………….……...
27
-32.5%
Days on Market (Pending Sale) ….…..
20
Days on Market (Pending Sale) ….…..
46
122.0%
Month’s supply of Inventory……….…
17.5
Month’s supply of Inventory……….…
2.7
-84.8%
Percent Under Contract ………….……
5.0%
Percent Under Contract ………….……
22.22%
344.4%
CULVER CITY
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$655,655
Median Price ……………………..…….
$672,000
2.5%
Average Price per Square Foot ….…
$401
Average Price per Square Foot ….…
$449
12.0%
Properties Sold ……………………….
13
Properties Sold ……………………….
12
7.7%
Properties Pending Sale ………………
9
Properties Pending Sale ………………
18
100.0%
Properties For Sale …………….……...
64
Properties For Sale …………….……...
53
-17.2%
Days on Market (Pending Sale) ….…..
88
Days on Market (Pending Sale) ….…..
40
-54.4%
Month’s supply of Inventory……….…
5.7
Month’s supply of Inventory……….…
1.8
-68.6%
Percent Under Contract ………….……
14.06%
Percent Under Contract ………….……
33.96%
141.5%
CULVER CITY
CONDO
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$299,000
Median Price ……………………..…….
$299,500
0.2%
Average Price per Square Foot ….…
$298
Average Price per Square Foot ….…
$282
-5.4%
Properties Sold ……………………….
17
Properties Sold ……………………….
20
17.6%
Properties Pending Sale ………………
14
Properties Pending Sale ………………
14
0.0%
Properties For Sale …………….……...
92
Properties For Sale …………….……...
35
-62.0%
Days on Market (Pending Sale) ….…..
47
Days on Market (Pending Sale) ….…..
46
-1.1%
Month’s supply of Inventory……….…
5.1
Month’s supply of Inventory……….…
1.2
-76.1%
Percent Under Contract ………….……
15.22%
Percent Under Contract ………….……
40.00%
162.9%
DOWNTOWN
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$129,950
Median Price ……………………..…….
$180,000
38.5%
Average Price per Square Foot ….…
$138
Average Price per Square Foot ….…
$130
-5.8%
Properties Sold ……………………….
4
Properties Sold ……………………….
4
0.0%
Properties Pending Sale ………………
10
Properties Pending Sale ………………
11
10.0%
Properties For Sale …………….……...
45
Properties For Sale …………….……...
32
-28.9%
Days on Market (Pending Sale) ….…..
27
Days on Market (Pending Sale) ….…..
41
51.2%
Month’s supply of Inventory……….…
3.3
Month’s supply of Inventory……….…
1.6
-50.4%
Percent Under Contract ………….……
22.22%
Percent Under Contract ………….……
34.38%
54.7%
DOWNTOWN
CONDO
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$330,000
Median Price ……………………..…….
$329,500
-0.2%
Average Price per Square Foot ….…
$392
Average Price per Square Foot ….…
$376
-4.1%
Properties Sold ……………………….
29
Properties Sold ……………………….
26
-10.3%
Properties Pending Sale ………………
36
Properties Pending Sale ………………
41
13.9%
Properties For Sale …………….……...
210
Properties For Sale …………….……...
131
-37.6%
Days on Market (Pending Sale) ….…..
68
Days on Market (Pending Sale) ….…..
46
-32.1%
Month’s supply of Inventory……….…
4.4
Month’s supply of Inventory……….…
1.8
-58.9%
Percent Under Contract ………….……
17.14%
Percent Under Contract ………….……
31.30%
82.6%
ENCINO
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$1,009,500
Median Price ……………………..…….
$903,000
-10.6%
Average Price per Square Foot ….…
$304
Average Price per Square Foot ….…
$342
12%
Properties Sold ……………………….
6
Properties Sold ……………………….
47
783%
Properties Pending Sale ………………
7
Properties Pending Sale ………………
99
1414%
Properties For Sale …………….……...
89
Properties For Sale …………….……...
84
-5.7%
Days on Market (Pending Sale) ….…..
40
Days on Market (Pending Sale) ….…..
60
33.4%
Month’s supply of Inventory……….…
10.1
Month’s supply of Inventory……….…
6.0
-40.8%
Percent Under Contract ………….……
7.87%
Percent Under Contract ………….……
12.73%
61.8%
ENCINO
CONDO
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$
Median Price ……………………..…….
$195,000
%
Average Price per Square Foot ….…
$
Average Price per Square Foot ….…
$188
%
Properties Sold ……………………….
16
%
Properties Sold ………………………. Properties Pending Sale ………………
2
Properties Pending Sale ………………
56
2800%
Properties For Sale …………….……...
21
Properties For Sale …………….……...
30
30%
Days on Market (Pending Sale) ….…..
65
Days on Market (Pending Sale) ….…..
76
14.5%
Month’s Supply of Inventory……….…
8.0
Month’s supply of Inventory……….…
0.4
-95.0%
Percent Under Contract ………….……
9.52%
Percent Under Contract ………….……
71.43%
650.0%
HANCOCK PARK-WILSHIRE MAY 2011
SFR
MAY 2012
% CHANGE
Median Price ……………………..…….
$1,553,250
Median Price ……………………..…….
$993,750
-36.0%
Average Price per Square Foot ….…
$594
Average Price per Square Foot ….…
$511
-14.0%
Properties Sold ……………………….
18
Properties Sold ……………………….
18
0.0%
Properties Pending Sale ………………
14
Properties Pending Sale ………………
25
78.6%
Properties For Sale …………….……...
157
Properties For Sale …………….……...
106
-32.5%
Days on Market (Pending Sale) ….…..
77
Days on Market (Pending Sale) ….…..
55
-27.7%
Month’s supply of Inventory……….…
9.1
Month’s supply of Inventory……….…
2.7
-70.2%
Percent Under Contract ………….……
8.92%
Percent Under Contract ………….……
23.58%
164.5%
HOLLYWOOD
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$520,000
Median Price ……………………..…….
$361,000
-30.6%
Average Price per Square Foot ….…
$404
Average Price per Square Foot ….…
$266
-34.2%
Properties Sold ……………………….
5
Properties Sold ……………………….
8
60.0%
Properties Pending Sale ………………
6
Properties Pending Sale ………………
4
-33.3%
Properties For Sale …………….……...
34
Properties For Sale …………….……...
21
-38.2%
Days on Market (Pending Sale) ….…..
95
Days on Market (Pending Sale) ….…..
64
-32.2%
Month’s supply of Inventory……….…
4.3
Month’s supply of Inventory……….…
3.0
-30.8%
Percent Under Contract ………….……
17.65%
Percent Under Contract ………….……
19.05%
7.9%
HOLLYWOOD
CONDO
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$484,000
Median Price ……………………..…….
$654,000
35.0%
Average Price per Square Foot ….…
$369
Average Price per Square Foot ….…
$390
5.7%
Properties Sold ……………………….
6
Properties Sold ……………………….
6
0.0%
Properties Pending Sale ………………
7
Properties Pending Sale ………………
10
42.9%
Properties For Sale …………….……...
70
Properties For Sale …………….……...
62
-11.4%
Days on Market (Pending Sale) ….…..
128
Days on Market (Pending Sale) ….…..
71
-44.3%
Month’s supply of Inventory……….…
7.4
Month’s supply of Inventory……….…
4.4
-40.8%
Percent Under Contract ………….……
10.0%
Percent Under Contract ………….……
16.13%
61.3%
HOLLYWOOD HILLS EAST MAY 2011
SFR
MAY 2012
% CHANGE
Median Price ……………………..…….
$742,500
Median Price ……………………..…….
$870,000
7.2%
Average Price per Square Foot ….…
$496
Average Price per Square Foot ….…
$437
-11.9%
Properties Sold ……………………….
8
Properties Sold ……………………….
16
100.0%
Properties Pending Sale ………………
17
Properties Pending Sale ………………
16
-5.9%
Properties For Sale …………….……...
105
Properties For Sale …………….……...
73
-30.5%
Days on Market (Pending Sale) ….…..
64
Days on Market (Pending Sale) ….…..
26
-59.1%
Month’s supply of Inventory……….…
4.7
Month’s supply of Inventory……….…
2.7
-42.9%
Percent Under Contract ………….……
16.19%
Percent Under Contract ………….……
21.92%
35.4%
LOS FELIZ
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$960,000
Median Price ……………………..…….
$929,000
-3.2%
Average Price per Square Foot ….…
$445
Average Price per Square Foot ….…
$488
9.7%
Properties Sold ……………………….
20
Properties Sold ……………………….
21
5.0%
Properties Pending Sale ………………
18
Properties Pending Sale ………………
16
-11.1%
Properties For Sale …………….……...
116
Properties For Sale …………….……...
80
-31.0%
Days on Market (Pending Sale) ….…..
38
Days on Market (Pending Sale) ….…..
60
56.3%
Month’s supply of Inventory……….…
5.2
Month’s supply of Inventory……….…
3.5
-33.0%
Percent Under Contract ………….……
15.52%
Percent Under Contract ………….……
20.00%
28.9%
LOS FELIZ
CONDO
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$243,250
Median Price ……………………..…….
$
%
Average Price per Square Foot ….…
$260
Average Price per Square Foot ….…
$
%
Properties Sold ……………………….
4
Properties Sold ……………………….
Properties Pending Sale ………………
2
Properties Pending Sale ………………
2
0.0%
Properties For Sale …………….……...
18
Properties For Sale …………….……...
13
-27.8%
Days on Market (Pending Sale) ….…..
44
Days on Market (Pending Sale) ….…..
30
-33.0%
Month’s supply of Inventory……….…
7.5
Month’s supply of Inventory……….…
5.0
-33.3%
Percent Under Contract ………….……
11.11%
Percent Under Contract ………….……
15.38%
38.5%
%
MALIBU
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$2,575,000
Median Price ……………………..…….
$1,455,000
-43.5%
Average Price per Square Foot ….…
$715
Average Price per Square Foot ….…
$500
-30.1%
Properties Sold ……………………….
9
Properties Sold ……………………….
16
77.8%
Properties Pending Sale ………………
17
Properties Pending Sale ………………
13
-23.5%
Properties For Sale …………….……...
305
Properties For Sale …………….……...
221
-27.5%
Days on Market (Pending Sale) ….…..
223
Days on Market (Pending Sale) ….…..
105
-53.0%
Month’s supply of Inventory……….…
16.1
Month’s supply of Inventory……….…
14.3
-10.9%
Percent Under Contract ………….……
5.57%
Percent Under Contract ………….……
5.88%
5.5%
MALIBU BEACH
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$6,562,500
Median Price ……………………..…….
$4,367,500
-33.4%
Average Price per Square Foot ….…
$3,640
Average Price per Square Foot ….…
$1,257
-65.5%
Properties Sold ……………………….
3
Properties Sold ……………………….
5
66.7%
Properties Pending Sale ………………
5
Properties Pending Sale ………………
8
60.0%
Properties For Sale …………….……...
116
Properties For Sale …………….……...
95
-18.1%
Days on Market (Pending Sale) ….…..
477
Days on Market (Pending Sale) ….…..
600
25.8%
Month’s supply of Inventory……….…
20.8
Month’s supply of Inventory……….…
9.8
-53.1%
Percent Under Contract ………….……
4.31%
Percent Under Contract ………….……
8.42%
95.4%
MARINA DEL REY
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$990,000
Median Price ……………………..…….
$1,355,000
36.9%
Average Price per Square Foot ….…
$436
Average Price per Square Foot ….…
$436
0.00%
Properties Sold ……………………….
5
Properties Sold ……………………….
6
20.0%
Properties Pending Sale ………………
3
Properties Pending Sale ………………
4
33.3%
Properties For Sale …………….……...
44
Properties For Sale …………….……...
33
-25.0%
Days on Market (Pending Sale) ….…..
75
Days on Market (Pending Sale) ….…..
105
40.3%
Month’s supply of Inventory……….…
12.3
Month’s supply of Inventory……….…
5.8
-53.4%
Percent Under Contract ………….……
6.82%
Percent Under Contract ………….……
12.12%
77.8%
MARINA DEL REY MAY 2011
CONDO MAY 2012
% CHANGE
Median Price ……………………..…….
$590,000
Median Price ……………………..…….
$534,000
-9.4%
Average Price per Square Foot ….…
$363
Average Price per Square Foot ….…
$361
-0.6%
Properties Sold ……………………….
19
Properties Sold ……………………….
22
15.8%
Properties Pending Sale ………………
19
Properties Pending Sale ………………
37
94.7%
Properties For Sale …………….……...
238
Properties For Sale …………….……...
177
-25.6%
Days on Market (Pending Sale) ….…..
71
Days on Market (Pending Sale) ….…..
64
-9.9%
Month’s supply of Inventory……….…
10.5
Month’s supply of Inventory……….…
3.2
-69.3%
Percent Under Contract ………….……
7.98%
Percent Under Contract ………….……
20.90%
161.8%
MID LOS ANGELES MAY 2011
SFR MAY 2012
% CHANGE
Median Price ……………………..…….
$299,000
Median Price ……………………..…….
$278,300
-6.9%
Average Price per Square Foot ….…
$198
Average Price per Square Foot ….…
$207
4.5%
Properties Sold ……………………….
19
Properties Sold ……………………….
18
-5.3%
Properties Pending Sale ………………
28
Properties Pending Sale ………………
19
-32.1%
Properties For Sale …………….……...
142
Properties For Sale …………….……...
68
-52.1%
Days on Market (Pending Sale) ….…..
61
Days on Market (Pending Sale) ….…..
34
-44.8%
Month’s supply of Inventory……….…
3.7
Month’s supply of Inventory……….…
2.3
-37.0%
Percent Under Contract ………….……
19.72%
Percent Under Contract ………….……
27.94%
41.7%
MID WILSHIRE
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$471,375
Median Price ……………………..…….
$357,500
-24.2%
Average Price per Square Foot ….…
$292
Average Price per Square Foot ….…
$273
-6.5%
Properties Sold ……………………….
2
Properties Sold ……………………….
4
100.0%
Properties Pending Sale ………………
7
%
Properties For Sale …………….……...
22
-29.0%
Days on Market (Pending Sale) ….…..
Days on Market (Pending Sale) ….…..
30
%
Month’s supply of Inventory……….…
Month’s supply of Inventory……….…
1.7
%
Percent Under Contract ………….……
31.82%
%
Properties Pending Sale ……………… Properties For Sale …………….……...
Percent Under Contract ………….……
31
%
NORTHRIDGE
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$470,000
Median Price ……………………..…….
$593,000
26.2%
Average Price per Square Foot ….…
$287
Average Price per Square Foot ….…
$194
-32.4%
Properties Sold ……………………….
1
Properties Sold ……………………….
6
500.0%
Properties Pending Sale ………………
5
Properties Pending Sale ………………
6
20.0%
Properties For Sale …………….……...
47
Properties For Sale …………….……...
22
-53.2%
Days on Market (Pending Sale) ….…..
46
Days on Market (Pending Sale) ….…..
86
85.4%
Month’s supply of Inventory……….…
6.6
Month’s supply of Inventory……….…
2.2
-67.2%
Percent Under Contract ………….……
10.64%
Percent Under Contract ………….……
27.27%
156.4%
NORTHRIDGE
CONDO
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$319,000
Median Price ……………………..…….
$
%
Average Price per Square Foot ….…
$205
Average Price per Square Foot ….…
$
%
Properties Sold ……………………….
1
Properties Sold ……………………….
Properties Pending Sale ………………
%
Properties Pending Sale ………………
5
%
Properties For Sale …………….……...
6
20.0%
Days on Market (Pending Sale) ….…..
Days on Market (Pending Sale) ….…..
44
%
Month’s supply of Inventory……….…
Month’s supply of Inventory……….…
0.2
%
Percent Under Contract ………….……
83.33%
%
Properties For Sale …………….……...
Percent Under Contract ………….……
5
%
PACIFIC PALISADES MAY 2011
SFR MAY 2012
% CHANGE
Median Price ……………………..…….
$1,627,500
Median Price ……………………..…….
$1,730,000
6.3%
Average Price per Square Foot ….…
$614
Average Price per Square Foot ….…
$651
6.0%
Properties Sold ……………………….
24
Properties Sold ……………………….
23
-4.2%
Properties Pending Sale ………………
26
Properties Pending Sale ………………
22
-15.4%
Properties For Sale …………….……...
215
Properties For Sale …………….……...
169
-21.4%
Days on Market (Pending Sale) ….…..
52
Days on Market (Pending Sale) ….…..
43
-17.9%
Month’s supply of Inventory……….…
6.7
Month’s supply of Inventory……….…
5.8
-14.2%
Percent Under Contract ………….……
12.09%
Percent Under Contract ………….……
13.02%
7.6%
PALMS – MAR VISTA MAY 2011
SFR MAY 2012
% CHANGE
Median Price ……………………..…….
$719,000
Median Price ……………………..…….
$673,000
-6.4%
Average Price per Square Foot ….…
$495
Average Price per Square Foot ….…
$522
5.5%
Properties Sold ……………………….
23
Properties Sold ……………………….
18
-21.7%
Properties Pending Sale ………………
16
Properties Pending Sale ………………
35
118.8%
Properties For Sale …………….……...
106
Properties For Sale …………….……...
90
-15.1%
Days on Market (Pending Sale) ….…..
26
Days on Market (Pending Sale) ….…..
19
-27.8%
Month’s supply of Inventory……….…
5.5
Month’s supply of Inventory……….…
1.3
-76.1%
Percent Under Contract ………….……
15.09%
Percent Under Contract ………….……
38.89%
157.6%
SANTA MONICA
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$1,555,000
Median Price ……………………..…….
$2,360,057
51.8%
Average Price per Square Foot ….…
$688
Average Price per Square Foot ….…
$787
14.4%
Properties Sold ……………………….
13
Properties Sold ……………………….
18
38.5%
Properties Pending Sale ………………
22
Properties Pending Sale ………………
28
27.3%
Properties For Sale …………….……...
143
Properties For Sale …………….……...
112
-21.7%
Days on Market (Pending Sale) ….…..
37
Days on Market (Pending Sale) ….…..
58
55.6%
Month’s supply of Inventory……….…
5.1
Month’s supply of Inventory……….…
2.7
-47.9%
Percent Under Contract ………….……
15.38%
Percent Under Contract ………….……
25.0%
62.5%
SANTA MONICA
CONDO
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$710,000
Median Price ……………………..…….
$853,000
20.1%
Average Price per Square Foot ….…
$579
Average Price per Square Foot ….…
$706
21.9%
Properties Sold ……………………….
25
Properties Sold ……………………….
32
28.0%
Properties Pending Sale ………………
28
Properties Pending Sale ………………
45
60.7%
Properties For Sale …………….……...
227
Properties For Sale …………….……...
146
-35.7%
Days on Market (Pending Sale) ….…..
83
Days on Market (Pending Sale) ….…..
76
-8.1%
Month’s supply of Inventory……….…
6.4
Month’s supply of Inventory……….…
1.9
-70.6%
Percent Under Contract ………….……
12.33%
Percent Under Contract ………….……
30.82%
149.9%
SHERMAN OAKS
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$729,000
Median Price ……………………..…….
$680,000
-93.2%
Average Price per Square Foot ….…
$328
Average Price per Square Foot ….…
$338
3%
Properties Sold ……………………….
13
Properties Sold ……………………….
44
338%
Properties Pending Sale ………………
18
Properties Pending Sale ………………
132
733%
Properties For Sale …………….……...
116
Properties For Sale …………….……...
119
3%
Days on Market (Pending Sale) ….…..
35
Days on Market (Pending Sale) ….…..
71
102%
Month’s supply of Inventory……….…
4.7
Month’s supply of Inventory……….…
3.0
-36.5%
Percent Under Contract ………….……
15.52%
Percent Under Contract ………….……
23.26%
49.9%
SHERMAN OAKS
CONDO
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$390,000
Median Price ……………………..…….
$261,000
-34.1%
Average Price per Square Foot ….…
$283
Average Price per Square Foot ….…
$226
-21%
Properties Sold ……………………….
4
Properties Sold ……………………….
26
650%
Properties Pending Sale ………………
2
Properties Pending Sale ………………
82
4,100%
Properties For Sale …………….……...
44
Properties For Sale …………….……...
43
-3%
Days on Market (Pending Sale) ….…..
63
Days on Market (Pending Sale) ….…..
87
276%
Month’s supply of Inventory……….…
17.0
Month’s supply of Inventory……….…
3.0
-82.4%
Percent Under Contract ………….……
4.55%
Percent Under Contract ………….……
23.81%
423.8%
SILVER LAKE – ECHO PARK MAY 2011
SFR
MAY 2012
% CHANGE
Median Price ……………………..…….
$675,000
Median Price ……………………..…….
$480,250
-28.9%
Average Price per Square Foot ….…
$412
Average Price per Square Foot ….…
$357
-13.3%
Properties Sold ……………………….
12
Properties Sold ……………………….
18
50.0%
Properties Pending Sale ………………
22
Properties Pending Sale ………………
25
13.6%
Properties For Sale …………….……...
117
Properties For Sale …………….……...
77
-34.2%
Days on Market (Pending Sale) ….…..
40
Days on Market (Pending Sale) ….…..
35
-12.6%
Month’s supply of Inventory……….…
3.9
Month’s supply of Inventory……….…
1.7
-56.5%
Percent Under Contract ………….……
18.80%
Percent Under Contract ………….……
32.47%
72.7%
STUDIO CITY
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$1,077,400
Median Price ……………………..…….
$908,000
-16%
Average Price per Square Foot ….…
$392
Average Price per Square Foot ….…
$400
2%
Properties Sold ……………………….
10
Properties Sold ……………………….
17
70%
Properties Pending Sale ………………
14
Properties Pending Sale ………………
60
428%
Properties For Sale …………….……...
82
Properties For Sale …………….……...
64
-22%
Days on Market (Pending Sale) ….…..
38
Days on Market (Pending Sale) ….…..
61
62%
Month’s supply of Inventory……….…
4.1
Month’s supply of Inventory……….…
2.2
-46.5%
Percent Under Contract ………….……
17.07%
Percent Under Contract ………….……
28.33%
66.0%
STUDIO CITY
CONDO
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$400,000
Median Price ……………………..…….
$383,000
-5%
Average Price per Square Foot ….…
$248
Average Price per Square Foot ….…
$298
17%
Properties Sold ……………………….
3
Properties Sold ……………………….
13
330%
Properties Pending Sale ………………
30
%
Properties For Sale …………….……...
21
27.6%
Days on Market (Pending Sale) ….…..
Days on Market (Pending Sale) ….…..
88
%
Month’s supply of Inventory……….…
Month’s supply of Inventory……….…
2.0
%
Percent Under Contract ………….……
28.57%
%
Properties Pending Sale ……………… Properties For Sale …………….……...
Percent Under Contract ………….……
29
%
SUNSET STRIP – HOLLYWOOD HILLS WEST MAY 2011
SFR
MAY 2012
% CHANGE
Median Price ……………………..…….
$1,515,000
Median Price ……………………..…….
$1,279,000
-15.6%
Average Price per Square Foot ….…
$601
Average Price per Square Foot ….…
$627
4.3%
Properties Sold ……………………….
29
Properties Sold ……………………….
37
27.6%
Properties Pending Sale ………………
30
Properties Pending Sale ………………
43
43.3%
Properties For Sale …………….……...
323
Properties For Sale …………….……...
292
-9.6%
Days on Market (Pending Sale) ….…..
75
Days on Market (Pending Sale) ….…..
63
-14.9%
Month’s supply of Inventory……….…
8.9
Month’s supply of Inventory……….…
4.9
-44.4%
Percent Under Contract ………….……
9.29%
Percent Under Contract ………….……
14.73%
58.6%
SUNSET STRIP – HOLLYWOOD HILLS WEST MAY 2011
CONDO
MAY 2012
% CHANGE
Median Price ……………………..…….
$1,550,000
Median Price ……………………..…….
$605,000
-61.0%
Average Price per Square Foot ….…
$533
Average Price per Square Foot ….…
$630
18.2%
Properties Sold ……………………….
1
Properties Sold ……………………….
7
600.0%
Properties Pending Sale ………………
5
Properties Pending Sale ………………
10
100.0%
Properties For Sale …………….……...
51
Properties For Sale …………….……...
32
-37.3%
Days on Market (Pending Sale) ….…..
81
Days on Market (Pending Sale) ….…..
106
31.1%
Month’s supply of Inventory……….…
8.6
Month’s supply of Inventory……….…
1.7
-80.2%
Percent Under Contract ………….……
9.80%
Percent Under Contract ………….……
31.25%
218.8%
TOPANGA
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$980,000
Median Price ……………………..…….
$841,250
-14.2%
Average Price per Square Foot ….…
$424
Average Price per Square Foot ….…
$486
14.6%
Properties Sold ……………………….
9
Properties Sold ……………………….
6
-33.3%
Properties Pending Sale ………………
6
Properties Pending Sale ………………
6
0.00%
Properties For Sale …………….……...
84
Properties For Sale …………….……...
64
-23.8%
Days on Market (Pending Sale) ….…..
98
Days on Market (Pending Sale) ….…..
53
-46.2%
Month’s supply of Inventory……….…
12.2
Month’s supply of Inventory……….…
8.2
-32.9%
Percent Under Contract ………….……
7.14%
Percent Under Contract ………….……
9.38%
31.3%
VENICE
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$1,040,000
Median Price ……………………..…….
$850,000
-18.3%
Average Price per Square Foot ….…
$702
Average Price per Square Foot ….…
$637
-9.3%
Properties Sold ……………………….
14
Properties Sold ……………………….
18
28.6%
Properties Pending Sale ………………
13
Properties Pending Sale ………………
22
69.2%
Properties For Sale …………….……...
134
Properties For Sale …………….……...
97
-27.6%
Days on Market (Pending Sale) ….…..
54
Days on Market (Pending Sale) ….…..
50
-8.2%
Month’s supply of Inventory……….…
8.5
Month’s supply of Inventory……….…
2.6
-68.8%
Percent Under Contract ………….……
9.7%
Percent Under Contract ………….……
22.68%
133.8%
VENICE
CONDO
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$856,000
Median Price ……………………..…….
$995,000
16.2%
Average Price per Square Foot ….…
$562
Average Price per Square Foot ….…
$566
0.7%
Properties Sold ……………………….
3
Properties Sold ……………………….
4
33.3%
Properties Pending Sale ………………
4
Properties Pending Sale ………………
4
0.0%
Properties For Sale …………….……...
29
Properties For Sale …………….……...
21
-27.6%
Days on Market (Pending Sale) ….…..
43
Days on Market (Pending Sale) ….…..
68
60.2%
Month’s supply of Inventory……….…
6.0
Month’s supply of Inventory……….…
3.8
-37.5%
Percent Under Contract ………….……
13.79%
Percent Under Contract ………….……
19.05%
38.1%
WEST HOLLYWOOD MAY 2011
SFR MAY 2012
% CHANGE
Median Price ……………………..…….
$1,327,500
Median Price ……………………..…….
$905,000
-31.8%
Average Price per Square Foot ….…
$688
Average Price per Square Foot ….…
$582
-15.4%
Properties Sold ……………………….
9
Properties Sold ……………………….
12
33.3%
Properties Pending Sale ………………
7
Properties Pending Sale ………………
10
42.9%
Properties For Sale …………….……...
67
Properties For Sale …………….……...
43
-35.8%
Days on Market (Pending Sale) ….…..
44
Days on Market (Pending Sale) ….…..
68
52.9%
Month’s supply of Inventory……….…
8.0
Month’s supply of Inventory……….…
3.1
-61.3%
Percent Under Contract ………….……
10.45%
Percent Under Contract ………….……
23.26%
122.6%
WEST HOLLYWOOD MAY 2011
CONDO MAY 2012
% CHANGE
Median Price ……………………..…….
$592,000
Median Price ……………………..…….
$395,000
-33.3%
Average Price per Square Foot ….…
$411
Average Price per Square Foot ….…
$432
5.1%
Properties Sold ……………………….
26
Properties Sold ……………………….
32
23.1%
Properties Pending Sale ………………
24
Properties Pending Sale ………………
43
79.2%
Properties For Sale …………….……...
249
Properties For Sale …………….……...
135
-45.8%
Days on Market (Pending Sale) ….…..
84
Days on Market (Pending Sale) ….…..
82
-2.6%
Month’s supply of Inventory……….…
8.7
Month’s supply of Inventory……….…
1.7
-80.5%
Percent Under Contract ………….……
9.64%
Percent Under Contract ………….……
31.85%
230.5%
WEST LOS ANGELES MAY 2011
SFR MAY 2012
% CHANGE
Median Price ……………………..…….
$530,000
Median Price ……………………..…….
$580,000
9.4%
Average Price per Square Foot ….…
$456
Average Price per Square Foot ….…
$546
19.7%
Properties Sold ……………………….
7
Properties Sold ……………………….
5
-28.6%
Properties Pending Sale ………………
7
Properties Pending Sale ………………
8
14.3%
Properties For Sale …………….……...
49
Properties For Sale …………….……...
34
-30.6%
Days on Market (Pending Sale) ….…..
45
Days on Market (Pending Sale) ….…..
72
60.0%
Month’s supply of Inventory……….…
5.4
Month’s supply of Inventory……….…
2.6
-51.6%
Percent Under Contract ………….……
14.29%
Percent Under Contract ………….……
23.53%
64.7%
WESTCHESTER
SFR
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$664,000
Median Price ……………………..…….
$611,325
-7.9%
Average Price per Square Foot ….…
$446
Average Price per Square Foot ….…
$390
-12.6%
Properties Sold ……………………….
18
Properties Sold ……………………….
22
22.2%
Properties Pending Sale ………………
18
Properties Pending Sale ………………
24
33.3%
Properties For Sale …………….……...
89
Properties For Sale …………….……...
71
-20.2%
Days on Market (Pending Sale) ….…..
28
Days on Market (Pending Sale) ….…..
26
-7.1%
Month’s supply of Inventory……….…
3.7
Month’s supply of Inventory……….…
1.7
-54.1%
Percent Under Contract ………….……
20.22%
Percent Under Contract ………….……
33.80%
67.1%
WESTCHESTER
CONDO
MAY 2011
MAY 2012
% CHANGE
Median Price ……………………..…….
$
Median Price ……………………..…….
$110,000
%
Average Price per Square Foot ….…
$
Average Price per Square Foot ….…
$159
%
Properties Sold ……………………….
1
%
Properties Sold ………………………. Properties Pending Sale ………………
6
Properties Pending Sale ………………
3
-50.0%
Properties For Sale …………….……...
29
Properties For Sale …………….……...
16
-44.8%
Days on Market (Pending Sale) ….…..
42
Days on Market (Pending Sale) ….…..
45
6.3%
Month’s supply of Inventory……….…
3.7
Month’s supply of Inventory……….…
4.3
18.2%
Percent Under Contract ………….……
20.69%
Percent Under Contract ………….……
18.75%
-9.4%
WESTWOOD – CENTURY CITY MAY 2011
SFR
MAY 2012
% CHANGE
Median Price ……………………..…….
$1,199,500
Median Price ……………………..…….
$1,165,250
-2.9%
Average Price per Square Foot ….…
$602
Average Price per Square Foot ….…
$602
0.0%
Properties Sold ……………………….
10
Properties Sold ……………………….
22
120.0%
Properties Pending Sale ………………
13
Properties Pending Sale ………………
18
38.5%
Properties For Sale …………….……...
95
Properties For Sale …………….……...
78
-17.9%
Days on Market (Pending Sale) ….…..
25
Days on Market (Pending Sale) ….…..
32
28.9%
Month’s supply of Inventory……….…
5.8
Month’s supply of Inventory……….…
2.7
-54.4%
Percent Under Contract ………….……
13.68%
Percent Under Contract ………….……
23.08%
68.6%
WESTWOOD – CENTURY CITY MAY 2011
CONDO
MAY 2012
% CHANGE
Median Price ……………………..…….
$541,250
Median Price ……………………..…….
$520,250
-3.9%
Average Price per Square Foot ….…
$458
Average Price per Square Foot ….…
$434
-5.2%
Properties Sold ……………………….
22
Properties Sold ……………………….
48
118.2%
Properties Pending Sale ………………
27
Properties Pending Sale ………………
33
22.2%
Properties For Sale …………….……...
413
Properties For Sale …………….……...
279
-32.4%
Days on Market (Pending Sale) ….…..
91
Days on Market (Pending Sale) ….…..
92
1.3%
Month’s supply of Inventory……….…
13.2
Month’s supply of Inventory……….…
6.5
-50.4%
Percent Under Contract ………….……
6.54%
Percent Under Contract ………….……
11.83%
80.9%
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