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 ……………………..…….
$1,525,000
Median Price ……………………..…….
$1,500,000
-1.6%
Average Price per Square Foot ….…
$964
Average Price per Square Foot ….…
$641
-33.5%
Properties Sold ……………………….
43
Properties Sold ……………………….
33
-23.3%
Properties Pending Sale ………………
30
Properties Pending Sale ………………
35
16.7%
Properties For Sale …………….……...
233
Properties For Sale …………….……...
184
-21.0%
Days on Market (Pending Sale) ….…..
85
Days on Market (Pending Sale) ….…..
74
-13.1%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
12.88%
Percent Under Contract ………….……
19.02%
47.1%
BEVERLY CENTER – MIRACLE MILE
SFR
Median Price ……………………..…….
$910,000
Median Price ……………………..…….
$920,000
1.1%
Average Price per Square Foot ….…
$449
Average Price per Square Foot ….…
$497
10.7%
Properties Sold ……………………….
50
Properties Sold ……………………….
54
8.0%
Properties Pending Sale ………………
48
Properties Pending Sale ………………
61
27.1%
Properties For Sale …………….……...
153
Properties For Sale …………….……...
118
-22.9%
Days on Market (Pending Sale) ….…..
50
Days on Market (Pending Sale) ….…..
57
15.2%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
31.37%
Percent Under Contract ………….……
51.69%
64.8%
BEVERLY CENTER – MIRACLE MILE
CONDO
Median Price ……………………..…….
$402,500
Median Price ……………………..…….
$550,000
36.6%
Average Price per Square Foot ….…
$346
Average Price per Square Foot ….…
$424
22.5%
Properties Sold ……………………….
18
Properties Sold ……………………….
21
16.7%
Properties Pending Sale ………………
15
Properties Pending Sale ………………
20
33.3%
Properties For Sale …………….……...
49
Properties For Sale …………….……...
51
4.1%
Days on Market (Pending Sale) ….…..
77
Days on Market (Pending Sale) ….…..
40
-47.5%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
30.61%
Percent Under Contract ………….……
39.22%
28.1%
BEVERLY HILLS
SFR
Median Price ……………………..…….
$3,762,500
Median Price ……………………..…….
$3,425,000
-9.0%
Average Price per Square Foot ….…
$937
Average Price per Square Foot ….…
$898
-4.2%
Properties Sold ……………………….
34
Properties Sold ……………………….
36
5.9%
Properties Pending Sale ………………
33
Properties Pending Sale ………………
51
54.5%
Properties For Sale …………….……...
211
Properties For Sale …………….……...
191
-9.5%
Days on Market (Pending Sale) ….…..
76
Days on Market (Pending Sale) ….…..
90
17.8%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
15.64%
Percent Under Contract ………….……
26.70%
70.7%
BEVERLY HILLS
CONDO
Median Price ……………………..…….
$880,000
Median Price ……………………..…….
$946,680
7.6%
Average Price per Square Foot ….…
$593
Average Price per Square Foot ….…
$764
28.8%
Properties Sold ……………………….
15
Properties Sold ……………………….
31
106.7%
Properties Pending Sale ………………
14
Properties Pending Sale ………………
38
171.4%
Properties For Sale …………….……...
143
Properties For Sale …………….……...
103
-28.0%
Days on Market (Pending Sale) ….…..
118
Days on Market (Pending Sale) ….…..
95
-19.6%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
9.79%
Percent Under Contract ………….……
36.89%
276.8%
BEVERLY HILLS P.O.
SFR
Median Price ……………………..…….
$2,475,000
Median Price ……………………..…….
$1,925,000
-22.2%
Average Price per Square Foot ….…
$677
Average Price per Square Foot ….…
$594
-12.3%
Properties Sold ……………………….
36
Properties Sold ……………………….
37
2.8%
Properties Pending Sale ………………
30
Properties Pending Sale ………………
45
50.0%
Properties For Sale …………….……...
245
Properties For Sale …………….……...
180
-26.5%
Days on Market (Pending Sale) ….…..
86
Days on Market (Pending Sale) ….…..
100
16.3%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
12.24%
Percent Under Contract ………….……
25.00%
104.2%
BEVERLYWOOD
SFR
Median Price ……………………..…….
$780,675
Median Price ……………………..…….
$785,000
0.6%
Average Price per Square Foot ….…
$456
Average Price per Square Foot ….…
$459
0.7%
Properties Sold ……………………….
44
Properties Sold ……………………….
53
20.5%
Properties Pending Sale ………………
34
Properties Pending Sale ………………
41
20.6%
Properties For Sale …………….……...
146
Properties For Sale …………….……...
90
-38.4%
Days on Market (Pending Sale) ….…..
44
Days on Market (Pending Sale) ….…..
40
-8.9%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
23.29%
Percent Under Contract ………….……
45.56%
95.6%
BRENTWOOD
SFR
Median Price ……………………..…….
$1,740,000
Median Price ……………………..…….
$1,875,000
7.8%
Average Price per Square Foot ….…
$684
Average Price per Square Foot ….…
$899
31.4%
Properties Sold ……………………….
42
Properties Sold ……………………….
64
52.4%
Properties Pending Sale ………………
47
Properties Pending Sale ………………
65
38.3%
Properties For Sale …………….……...
242
Properties For Sale …………….……...
199
-17.8%
Days on Market (Pending Sale) ….…..
53
Days on Market (Pending Sale) ….…..
70
32.0%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
19.42%
Percent Under Contract ………….……
32.66%
68.2%
BRENTWOOD
CONDO
Median Price ……………………..…….
$637,500
Median Price ……………………..…….
$641,000
0.6%
Average Price per Square Foot ….…
$434
Average Price per Square Foot ….…
$439
1.2%
Properties Sold ……………………….
38
Properties Sold ……………………….
44
15.8%
Properties Pending Sale ………………
39
Properties Pending Sale ………………
44
12.8%
Properties For Sale …………….……...
156
Properties For Sale …………….……...
108
-30.8%
Days on Market (Pending Sale) ….…..
63
Days on Market (Pending Sale) ….…..
66
4.9%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
25.00%
Percent Under Contract ………….……
40.74%
63.0%
CALABASAS
SFR
Median Price ……………………..…….
$1,135,000
Median Price ……………………..…….
$790,000
-30.4%
Average Price per Square Foot ….…
$326
Average Price per Square Foot ….…
$346
6.1%
Properties Sold ……………………….
6
Properties Sold ……………………….
7
16.7%
Properties Pending Sale ………………
7
Properties Pending Sale ………………
4
-42.9%
Properties For Sale …………….……...
38
Properties For Sale …………….……...
27
-28.9%
Days on Market (Pending Sale) ….…..
169
Days on Market (Pending Sale) ….…..
67
-60.1%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
18.42%
Percent Under Contract ………….……
14.81%
-19.6%
CALABASAS
CONDO
Median Price ……………………..…….
$412,500
Median Price ……………………..…….
$305,000
-26.1%
Average Price per Square Foot ….…
$234
Average Price per Square Foot ….…
$254
8.5%
Properties Sold ……………………….
2
Properties Sold ……………………….
3
50.0%
Properties Pending Sale ………………
1
Properties Pending Sale ………………
3
200.0%
Properties For Sale …………….……...
2
Properties For Sale …………….……...
5
150.0%
Days on Market (Pending Sale) ….…..
61
Days on Market (Pending Sale) ….…..
31
-49.7%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
50.0%
Percent Under Contract ………….……
60.0%
20.0%
CHEVIOT HILLS-RANCH PARK
SFR
Median Price ……………………..…….
$1,110,000
Median Price ……………………..…….
$1,335,000
20.3%
Average Price per Square Foot ….…
$491
Average Price per Square Foot ….…
$489
-0.4%
Properties Sold ……………………….
24
Properties Sold ……………………….
15
-37.5%
Properties Pending Sale ………………
28
Properties Pending Sale ………………
14
-50.0%
Properties For Sale …………….……...
81
Properties For Sale …………….……...
39
-51.9%
Days on Market (Pending Sale) ….…..
47
Days on Market (Pending Sale) ….…..
56
17.5%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
34.57%
Percent Under Contract ………….……
35.90%
3.8%
CULVER CITY
SFR
Median Price ……………………..…….
$692,578
Median Price ……………………..…….
$726,000
4.8%
Average Price per Square Foot ….…
$424
Average Price per Square Foot ….…
$456
7.5%
Properties Sold ……………………….
30
Properties Sold ……………………….
54
80.0%
Properties Pending Sale ………………
28
Properties Pending Sale ………………
55
96.4%
Properties For Sale …………….……...
112
Properties For Sale …………….……...
109
-2.7%
Days on Market (Pending Sale) ….…..
54
Days on Market (Pending Sale) ….…..
41
-24.1%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
25.00%
Percent Under Contract ………….……
50.46%
101.8%
CULVER CITY
CONDO
Median Price ……………………..…….
$300,000
Median Price ……………………..…….
$285,000
-5.0%
Average Price per Square Foot ….…
$285
Average Price per Square Foot ….…
$287
0.7%
Properties Sold ……………………….
29
Properties Sold ……………………….
33
13.8%
Properties Pending Sale ………………
35
Properties Pending Sale ………………
41
17.1%
Properties For Sale …………….……...
128
Properties For Sale …………….……...
66
-48.4%
Days on Market (Pending Sale) ….…..
73
Days on Market (Pending Sale) ….…..
48
-34.8%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
27.34%
Percent Under Contract ………….……
62.12%
127.2%
DOWNTOWN
SFR
Median Price ……………………..…….
$144,000
Median Price ……………………..…….
$130,000
-9.7%
Average Price per Square Foot ….…
$130
Average Price per Square Foot ….…
$129
-0.8%
Properties Sold ……………………….
17
Properties Sold ……………………….
17
0.0%
Properties Pending Sale ………………
18
Properties Pending Sale ………………
14
-22.2%
Properties For Sale …………….……...
64
Properties For Sale …………….……...
39
-39.1%
Days on Market (Pending Sale) ….…..
37
Days on Market (Pending Sale) ….…..
53
42.6%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
28.12%
Percent Under Contract ………….……
35.90%
27.6%
DOWNTOWN
CONDO
Median Price ……………………..…….
$285,000
Median Price ……………………..…….
$403,500
41.6%
Average Price per Square Foot ….…
$368
Average Price per Square Foot ….…
$423
14.9%
Properties Sold ……………………….
77
Properties Sold ……………………….
98
27.3%
Properties Pending Sale ………………
72
Properties Pending Sale ………………
82
13.9%
Properties For Sale …………….……...
269
Properties For Sale …………….……...
188
-30.1%
Days on Market (Pending Sale) ….…..
50
Days on Market (Pending Sale) ….…..
52
3.9%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
26.77%
Percent Under Contract ………….……
43.62%
63.0%
ENCINO
SFR
Median Price ……………………..…….
$970,000
Median Price ……………………..…….
$770,000
-20.6%
Average Price per Square Foot ….…
$347
Average Price per Square Foot ….…
$328
-5.5%
Properties Sold ……………………….
14
Properties Sold ……………………….
15
7.1%
Properties Pending Sale ………………
20
Properties Pending Sale ………………
17
-15.0%
Properties For Sale …………….……...
110
Properties For Sale …………….……...
77
-30.0%
Days on Market (Pending Sale) ….…..
77
Days on Market (Pending Sale) ….…..
73
-4.6%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
18.18%
Percent Under Contract ………….……
22.08%
21.4%
ENCINO
CONDO
Median Price ……………………..…….
$203,000
Median Price ……………………..…….
$190,000
-6.4%
Average Price per Square Foot ….…
$178
Average Price per Square Foot ….…
$198
11.2%
Properties Sold ……………………….
5
Properties Sold ……………………….
5
0.0%
Properties Pending Sale ………………
5
Properties Pending Sale ………………
9
80.0%
Properties For Sale …………….……...
26
Properties For Sale …………….……...
19
-26.9%
Days on Market (Pending Sale) ….…..
33
Days on Market (Pending Sale) ….…..
25
-25.4%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
19.23%
Percent Under Contract ………….……
47.37%
146.3%
HANCOCK PARK-WILSHIRE
SFR
Median Price ……………………..…….
$1,075,000
Median Price ……………………..…….
$925,500
-13.9%
Average Price per Square Foot ….…
$448
Average Price per Square Foot ….…
$462
3.1%
Properties Sold ……………………….
58
Properties Sold ……………………….
64
10.3%
Properties Pending Sale ………………
60
Properties Pending Sale ………………
64
6.7%
Properties For Sale …………….……...
242
Properties For Sale …………….……...
158
-34.7%
Days on Market (Pending Sale) ….…..
69
Days on Market (Pending Sale) ….…..
64
-7.5%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
24.79%
Percent Under Contract ………….……
40.51%
63.4%
HOLLYWOOD
SFR
Median Price ……………………..…….
$610,500
Median Price ……………………..…….
$651,500
6.7%
Average Price per Square Foot ….…
$436
Average Price per Square Foot ….…
$432
-0.9%
Properties Sold ……………………….
6
Properties Sold ……………………….
10
66.7%
Properties Pending Sale ………………
8
Properties Pending Sale ………………
15
87.5%
Properties For Sale …………….……...
46
Properties For Sale …………….……...
27
-41.3%
Days on Market (Pending Sale) ….…..
36
Days on Market (Pending Sale) ….…..
44
22.8%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
17.39%
Percent Under Contract ………….……
55.56%
219.4%
HOLLYWOOD
CONDO
Median Price ……………………..…….
$319,000
Median Price ……………………..…….
$529,000
65.6%
Average Price per Square Foot ….…
$316
Average Price per Square Foot ….…
$386
22.2%
Properties Sold ……………………….
12
Properties Sold ……………………….
29
141.7%
Properties Pending Sale ………………
16
Properties Pending Sale ………………
35
118.8%
Properties For Sale …………….……...
102
Properties For Sale …………….……...
89
-12.7%
Days on Market (Pending Sale) ….…..
94
Days on Market (Pending Sale) ….…..
130
37.9%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
15.69%
Percent Under Contract ………….……
39.33%
150.7%
HOLLYWOOD HILLS EAST
SFR
Median Price ……………………..…….
$940,250
Median Price ……………………..…….
$925,000
-1.6%
Average Price per Square Foot ….…
$443
Average Price per Square Foot ….…
$428
-3.4%
Properties Sold ……………………….
28
Properties Sold ……………………….
36
28.6%
Properties Pending Sale ………………
26
Properties Pending Sale ………………
45
73.1%
Properties For Sale …………….……...
134
Properties For Sale …………….……...
123
-8.2%
Days on Market (Pending Sale) ….…..
75
Days on Market (Pending Sale) ….…..
65
-12.4%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
19.40%
Percent Under Contract ………….……
36.59%
88.6%
LOS FELIZ
SFR
Median Price ……………………..…….
$950,000
Median Price ……………………..…….
$1,050,000
10.5%
Average Price per Square Foot ….…
$492
Average Price per Square Foot ….…
$530
7.7%
Properties Sold ……………………….
59
Properties Sold ……………………….
51
-13.6%
Properties Pending Sale ………………
51
Properties Pending Sale ………………
56
9.8%
Properties For Sale …………….……...
179
Properties For Sale …………….……...
145
-19.0%
Days on Market (Pending Sale) ….…..
58
Days on Market (Pending Sale) ….…..
53
-9.2%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
28.49%
Percent Under Contract ………….……
38.62%
35.6%
LOS FELIZ
CONDO
Median Price ……………………..…….
$318,000
Median Price ……………………..…….
$480,000
50.9%
Average Price per Square Foot ….…
$298
Average Price per Square Foot ….…
$349
17.1%
Properties Sold ……………………….
9
Properties Sold ……………………….
7
-22.2%
Properties Pending Sale ………………
8
Properties Pending Sale ………………
6
-25.0%
Properties For Sale …………….……...
26
Properties For Sale …………….……...
13
-50.0%
Days on Market (Pending Sale) ….…..
101
Days on Market (Pending Sale) ….…..
96
-4.7%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
30.77%
Percent Under Contract ………….……
46.15%
50.0%
MALIBU
SFR
Median Price ……………………..…….
$1,645,000
Median Price ……………………..…….
$1,927,000
17.2%
Average Price per Square Foot ….…
$600
Average Price per Square Foot ….…
$605
0.8%
Properties Sold ……………………….
32
Properties Sold ……………………….
37
15.6%
Properties Pending Sale ………………
29
Properties Pending Sale ………………
53
82.8%
Properties For Sale …………….……...
370
Properties For Sale …………….……...
267
-27.8%
Days on Market (Pending Sale) ….…..
145
Days on Market (Pending Sale) ….…..
132
-8.6%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
7.84%
Percent Under Contract ………….……
19.85%
153.3%
MALIBU BEACH
SFR
Median Price ……………………..…….
$3,245,000
Median Price ……………………..…….
$5,300,000
63.3%
Average Price per Square Foot ….…
$1,511
Average Price per Square Foot ….…
$2,104
39.2%
Properties Sold ……………………….
8
Properties Sold ……………………….
15
87.5%
Properties Pending Sale ………………
7
Properties Pending Sale ………………
17
142.9%
Properties For Sale …………….……...
145
Properties For Sale …………….……...
124
-14.5%
Days on Market (Pending Sale) ….…..
104
Days on Market (Pending Sale) ….…..
128
23.2%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
4.83%
Percent Under Contract ………….……
13.71%
184.0%
MARINA DEL REY
SFR
Median Price ……………………..…….
$575,000
Median Price ……………………..…….
$1,370,000
138.3%
Average Price per Square Foot ….…
$494
Average Price per Square Foot ….…
$483
-2.2%
Properties Sold ……………………….
9
Properties Sold ……………………….
16
77.8%
Properties Pending Sale ………………
10
Properties Pending Sale ………………
12
20.0%
Properties For Sale …………….……...
58
Properties For Sale …………….……...
32
-44.8%
Days on Market (Pending Sale) ….…..
105
Days on Market (Pending Sale) ….…..
84
-20.0%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
17.24%
Percent Under Contract ………….……
37.50%
117.50%
MARINA DEL REY
CONDO
Median Price ……………………..…….
$599,000
Median Price ……………………..…….
$610,000
1.8%
Average Price per Square Foot ….…
$464
Average Price per Square Foot ….…
$419
-9.7%
Properties Sold ……………………….
56
Properties Sold ……………………….
77
37.5%
Properties Pending Sale ………………
62
Properties Pending Sale ………………
68
9.7%
Properties For Sale …………….……...
312
Properties For Sale …………….……...
199
-36.2%
Days on Market (Pending Sale) ….…..
73
Days on Market (Pending Sale) ….…..
76
4.8%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
19.87%
Percent Under Contract ………….……
34.17%
72.0%
MID LOS ANGELES
SFR
Median Price ……………………..…….
$310,000
Median Price ……………………..…….
$315,000
1.6%
Average Price per Square Foot ….…
$195
Average Price per Square Foot ….…
$211
8.2%
Properties Sold ……………………….
57
Properties Sold ……………………….
50
-12.3%
Properties Pending Sale ………………
45
Properties Pending Sale ………………
61
35.6%
Properties For Sale …………….……...
167
Properties For Sale …………….……...
107
-35.9%
Days on Market (Pending Sale) ….…..
63
Days on Market (Pending Sale) ….…..
47
-24.8%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
26.95%
Percent Under Contract ………….……
57.01%
111.6%
MID WILSHIRE
SFR
Median Price ……………………..…….
$422,500
Median Price ……………………..…….
$415,000
-1.8%
Average Price per Square Foot ….…
$206
Average Price per Square Foot ….…
$211
2.4%
Properties Sold ……………………….
14
Properties Sold ……………………….
11
-21.4%
Properties Pending Sale ………………
11
Properties Pending Sale ………………
13
18.2%
Properties For Sale …………….……...
41
Properties For Sale …………….……...
26
-36.6%
Days on Market (Pending Sale) ….…..
23
Days on Market (Pending Sale) ….…..
43
83.1%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
26.83%
Percent Under Contract ………….……
50.00%
86.4%
PACIFIC PALISADES
SFR
Median Price ……………………..…….
$1,637,500
Median Price ……………………..…….
$2,125,000
29.8%
Average Price per Square Foot ….…
$648
Average Price per Square Foot ….…
$759
17.1%
Properties Sold ……………………….
70
Properties Sold ……………………….
83
18.6%
Properties Pending Sale ………………
68
Properties Pending Sale ………………
68
0.0%
Properties For Sale …………….……...
293
Properties For Sale …………….……...
231
-21.2%
Days on Market (Pending Sale) ….…..
59
Days on Market (Pending Sale) ….…..
59
0.5%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
23.21%
Percent Under Contract ………….……
29.44%
26.8%
PALMS – MAR VISTA
SFR
Median Price ……………………..…….
$725,000
Median Price ……………………..…….
$765,000
5.5%
Average Price per Square Foot ….…
$487
Average Price per Square Foot ….…
$501
2.9%
Properties Sold ……………………….
85
Properties Sold ……………………….
85
0.0%
Properties Pending Sale ………………
79
Properties Pending Sale ………………
80
1.3%
Properties For Sale …………….……...
221
Properties For Sale …………….……...
142
-35.7%
Days on Market (Pending Sale) ….…..
50
Days on Market (Pending Sale) ….…..
51
3.4%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
35.75%
Percent Under Contract ………….……
56.34%
57.6%
SANTA MONICA
SFR
Median Price ……………………..…….
$1,572,500
Median Price ……………………..…….
$1,725,000
9.7%
Average Price per Square Foot ….…
$727
Average Price per Square Foot ….…
$763
5.0%
Properties Sold ……………………….
72
Properties Sold ……………………….
67
-6.9%
Properties Pending Sale ………………
54
Properties Pending Sale ………………
70
29.6%
Properties For Sale …………….……...
216
Properties For Sale …………….……...
173
-19.9%
Days on Market (Pending Sale) ….…..
59
Days on Market (Pending Sale) ….…..
59
0.0%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
25.0%
Percent Under Contract ………….……
40.46%
61.8%
SANTA MONICA
CONDO
Median Price ……………………..…….
$671,500
Median Price ……………………..…….
$712,500
6.1%
Average Price per Square Foot ….…
$558
Average Price per Square Foot ….…
$583
4.5%
Properties Sold ……………………….
82
Properties Sold ……………………….
122
48.8%
Properties Pending Sale ………………
78
Properties Pending Sale ………………
106
35.9%
Properties For Sale …………….……...
328
Properties For Sale …………….……...
232
-29.3%
Days on Market (Pending Sale) ….…..
75
Days on Market (Pending Sale) ….…..
52
-30.7%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
23.78%
Percent Under Contract ………….……
45.69%
92.1%
SHERMAN OAKS
SFR
Median Price ……………………..…….
$765,000
Median Price ……………………..…….
$775,000
1.3%
Average Price per Square Foot ….…
$354
Average Price per Square Foot ….…
$375
5.9%
Properties Sold ……………………….
53
Properties Sold ……………………….
52
-1.9%
Properties Pending Sale ………………
43
Properties Pending Sale ………………
51
18.6%
Properties For Sale …………….……...
139
Properties For Sale …………….……...
128
-7.9%
Days on Market (Pending Sale) ….…..
64
Days on Market (Pending Sale) ….…..
41
-36.4%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
30.94%
Percent Under Contract ………….……
39.84%
28.8%
SHERMAN OAKS
CONDO
Median Price ……………………..…….
$310,000
Median Price ……………………..…….
$320,000
3.2%
Average Price per Square Foot ….…
$235
Average Price per Square Foot ….…
$248
5.5%
Properties Sold ……………………….
11
Properties Sold ……………………….
11
0.0%
Properties Pending Sale ………………
10
Properties Pending Sale ………………
17
70.0%
Properties For Sale …………….……...
52
Properties For Sale …………….……...
29
-44.2%
Days on Market (Pending Sale) ….…..
83
Days on Market (Pending Sale) ….…..
50
-39.4%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
19.23%
Percent Under Contract ………….……
58.62%
204.8%
SILVER LAKE – ECHO PARK
SFR
Median Price ……………………..…….
$705,000
Median Price ……………………..…….
$649,500
-7.9%
Average Price per Square Foot ….…
$402
Average Price per Square Foot ….…
$449
11.7%
Properties Sold ……………………….
55
Properties Sold ……………………….
54
-1.8%
Properties Pending Sale ………………
54
Properties Pending Sale ………………
56
3.7%
Properties For Sale …………….……...
168
Properties For Sale …………….……...
105
-37.5%
Days on Market (Pending Sale) ….…..
45
Days on Market (Pending Sale) ….…..
50
10.9%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
32.14%
Percent Under Contract ………….……
53.33%
65.90%
STUDIO CITY
SFR
Median Price ……………………..…….
$925,000
Median Price ……………………..…….
$832,500
-10.0%
Average Price per Square Foot ….…
$448
Average Price per Square Foot ….…
$418
-6.7%
Properties Sold ……………………….
25
Properties Sold ……………………….
31
24.0%
Properties Pending Sale ………………
17
Properties Pending Sale ………………
31
82.4%
Properties For Sale …………….……...
109
Properties For Sale …………….……...
81
-25.7%
Days on Market (Pending Sale) ….…..
58
Days on Market (Pending Sale) ….…..
51
-11.7%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
15.60%
Percent Under Contract ………….……
38.27%
145.4%
STUDIO CITY
CONDO
Median Price ……………………..…….
$433,000
Median Price ……………………..…….
$345,000
-20.3%
Average Price per Square Foot ….…
$290
Average Price per Square Foot ….…
$256
-11.7%
Properties Sold ……………………….
8
Properties Sold ……………………….
11
37.5%
Properties Pending Sale ………………
9
Properties Pending Sale ………………
11
22.2%
Properties For Sale …………….……...
52
Properties For Sale …………….……...
28
-46.2%
Days on Market (Pending Sale) ….…..
35
Days on Market (Pending Sale) ….…..
73
108.7%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
17.31%
Percent Under Contract ………….……
39.29%
127.0%
SUNSET STRIP – HOLLYWOOD HILLS WEST
SFR
Median Price ……………………..…….
$1,135,000
Median Price ……………………..…….
$1,298,250
14.4%
Average Price per Square Foot ….…
$575
Average Price per Square Foot ….…
$603
4.9%
Properties Sold ……………………….
74
Properties Sold ……………………….
96
29.7%
Properties Pending Sale ………………
67
Properties Pending Sale ………………
108
61.2%
Properties For Sale …………….……...
437
Properties For Sale …………….……...
407
-6.9%
Days on Market (Pending Sale) ….…..
76
Days on Market (Pending Sale) ….…..
73
-3.9%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
15.33%
Percent Under Contract ………….……
26.54%
73.1%
SUNSET STRIP – HOLLYWOOD HILLS WEST
CONDO
Median Price ……………………..…….
$335,000
Median Price ……………………..…….
$477,500
42.5%
Average Price per Square Foot ….…
$615
Average Price per Square Foot ….…
$725
17.9%
Properties Sold ……………………….
19
Properties Sold ……………………….
18
-5.3%
Properties Pending Sale ………………
15
Properties Pending Sale ………………
25
66.7%
Properties For Sale …………….……...
62
Properties For Sale …………….……...
54
-12.9%
Days on Market (Pending Sale) ….…..
142
Days on Market (Pending Sale) ….…..
46
-67.7%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
24.19%
Percent Under Contract ………….……
46.30%
91.4%
TOPANGA
SFR
Median Price ……………………..…….
$830,000
Median Price ……………………..…….
$765,500
-7.8%
Average Price per Square Foot ….…
$430
Average Price per Square Foot ….…
$401
-6.7%
Properties Sold ……………………….
23
Properties Sold ……………………….
16
-30.4%
Properties Pending Sale ………………
14
Properties Pending Sale ………………
22
57.1%
Properties For Sale …………….……...
104
Properties For Sale …………….……...
79
-24.0%
Days on Market (Pending Sale) ….…..
91
Days on Market (Pending Sale) ….…..
103
12.7%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
13.46%
Percent Under Contract ………….……
27.85%
106.9%
VENICE
SFR
Median Price ……………………..…….
$972,500
Median Price ……………………..…….
$1,100,000
13.1%
Average Price per Square Foot ….…
$691
Average Price per Square Foot ….…
$662
-4.2%
Properties Sold ……………………….
48
Properties Sold ……………………….
59
22.9%
Properties Pending Sale ………………
44
Properties Pending Sale ………………
59
34.1%
Properties For Sale …………….……...
183
Properties For Sale …………….……...
132
-27.9%
Days on Market (Pending Sale) ….…..
60
Days on Market (Pending Sale) ….…..
59
-2.2%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
24.04%
Percent Under Contract ………….……
44.70%
85.9%
VENICE
CONDO
Median Price ……………………..…….
$999,000
Median Price ……………………..…….
$884,900
-11.4%
Average Price per Square Foot ….…
$544
Average Price per Square Foot ….…
$554
1.8%
Properties Sold ……………………….
7
Properties Sold ……………………….
4
-42.9%
Properties Pending Sale ………………
7
Properties Pending Sale ………………
10
42.9%
Properties For Sale …………….……...
50
Properties For Sale …………….……...
27
-46.0%
Days on Market (Pending Sale) ….…..
43
Days on Market (Pending Sale) ….…..
75
72.8%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
14.0%
Percent Under Contract ………….……
37.04%
164.6%
WEST HOLLYWOOD
SFR
Median Price ……………………..…….
$880,000
Median Price ……………………..…….
$956,500
8.7%
Average Price per Square Foot ….…
$554
Average Price per Square Foot ….…
$585
5.6%
Properties Sold ……………………….
23
Properties Sold ……………………….
30
30.4%
Properties Pending Sale ………………
27
Properties Pending Sale ………………
31
14.8%
Properties For Sale …………….……...
122
Properties For Sale …………….……...
68
-44.3%
Days on Market (Pending Sale) ….…..
49
Days on Market (Pending Sale) ….…..
55
12.5%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
22.13%
Percent Under Contract ………….……
45.59%
106.0%
WEST HOLLYWOOD
CONDO
Median Price ……………………..…….
$471,500
Median Price ……………………..…….
$469,000
-0.5%
Average Price per Square Foot ….…
$399
Average Price per Square Foot ….…
$425
6.5%
Properties Sold ……………………….
80
Properties Sold ……………………….
84
5.0%
Properties Pending Sale ………………
81
Properties Pending Sale ………………
70
-13.6%
Properties For Sale …………….……...
365
Properties For Sale …………….……...
192
-47.4%
Days on Market (Pending Sale) ….…..
77
Days on Market (Pending Sale) ….…..
47
-38.3%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
22.19%
Percent Under Contract ………….……
36.46%
64.3%
WEST LOS ANGELES
SFR
Median Price ……………………..…….
$645,000
Median Price ……………………..…….
$629,500
-2.4%
Average Price per Square Foot ….…
$456
Average Price per Square Foot ….…
$479
5.0%
Properties Sold ……………………….
28
Properties Sold ……………………….
16
-42.9%
Properties Pending Sale ………………
18
Properties Pending Sale ………………
12
-33.3%
Properties For Sale …………….……...
53
Properties For Sale …………….……...
36
-32.1%
Days on Market (Pending Sale) ….…..
62
Days on Market (Pending Sale) ….…..
46
-25.0%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
33.96%
Percent Under Contract ………….……
33.33%
-1.9%
WESTCHESTER
SFR
Median Price ……………………..…….
$644,500
Median Price ……………………..…….
$667,000
3.5%
Average Price per Square Foot ….…
$413
Average Price per Square Foot ….…
$427
3.4%
Properties Sold ……………………….
48
Properties Sold ……………………….
56
16.7%
Properties Pending Sale ………………
47
Properties Pending Sale ………………
66
40.4%
Properties For Sale …………….……...
131
Properties For Sale …………….……...
113
-13.7%
Days on Market (Pending Sale) ….…..
52
Days on Market (Pending Sale) ….…..
45
-14.0%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
35.88%
Percent Under Contract ………….……
58.41%
62.8%
WESTCHESTER
CONDO
Median Price ……………………..…….
$599,000
Median Price ……………………..…….
$258,750
-56.8%
Average Price per Square Foot ….…
$307
Average Price per Square Foot ….…
$285
-7.2%
Properties Sold ……………………….
18
Properties Sold ……………………….
12
-33.3%
Properties Pending Sale ………………
7
Properties Pending Sale ………………
9
28.6%
Properties For Sale …………….……...
36
Properties For Sale …………….……...
22
-38.9%
Days on Market (Pending Sale) ….…..
50
Days on Market (Pending Sale) ….…..
101
101.0%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
19.44%
Percent Under Contract ………….……
40.91%
110.4%
WESTWOOD – CENTURY CITY
SFR
Median Price ……………………..…….
$1,170,000
Median Price ……………………..…….
$1,277,630
9.2%
Average Price per Square Foot ….…
$512
Average Price per Square Foot ….…
$656
28.1%
Properties Sold ……………………….
41
Properties Sold ……………………….
46
12.2%
Properties Pending Sale ………………
32
Properties Pending Sale ………………
50
56.2%
Properties For Sale …………….……...
131
Properties For Sale …………….……...
111
-15.3%
Days on Market (Pending Sale) ….…..
55
Days on Market (Pending Sale) ….…..
54
-2.5%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
24.43%
Percent Under Contract ………….……
45.05%
84.4%
WESTWOOD – CENTURY CITY
CONDO
Median Price ……………………..…….
$599,688
Median Price ……………………..…….
$610,000
1.7%
Average Price per Square Foot ….…
$515
Average Price per Square Foot ….…
$476
-7.6%
Properties Sold ……………………….
100
Properties Sold ……………………….
127
27.0%
Properties Pending Sale ………………
108
Properties Pending Sale ………………
129
19.4%
Properties For Sale …………….……...
572
Properties For Sale …………….……...
388
-32.2%
Days on Market (Pending Sale) ….…..
78
Days on Market (Pending Sale) ….…..
81
4.0%
Month’s supply of Inventory……….…
NA
Month’s supply of Inventory……….…
NA
NA%
Percent Under Contract ………….……
18.88%
Percent Under Contract ………….……
33.25%
76.1%
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