Q1 | 2022
Greater Los Angeles
Market Update
MALIBU
MalibuBeachEstate.com Offered at $125,000,000
SANTA MONICA
341WChannelRoad.com Offered at $9,500,000
Greater Los Angeles 06 08
Bel-Air | Holmby Hills
10
Beverly Hills
12
Beverly Hills Post Office
14
Brentwood
16 18 20
30
36 38 40 42
Los Feliz
Pacific Palisades Santa Monica Silver Lake | Echo Park
32 34
Encino
Malibu
26 28
Downtown Los Angeles
Hancock Park | Wilshire
22 24
Market Snapshot
Sunset Strip | Hollywood Hills Toluca Lake Topanga
The Valley Venice Woodland Hills
GREATER LOS ANGELES
Featured Properties We invite you to explore our exclusive offerings at S OT HEBYSREALTY.C O M
MALIBU
31851WestSeaLevel.com Offered at $7,500,000
LOS FELIZ
3266 Lowry Road Offered at $4,350,000 SHERMAN OAKS
14893RoundValley.com Offered at $3,600,000 MALIBU
26573OceanView.com Offered at $3,500,000 VENICE
1518 Glyndon Avenue Offered at $2,700,000 *In order from left to right, top to bottom
GREATER LOS ANGELES BROKERAGES
Beverly Hills | Brentwood | Los Feliz | Malibu | Pacific Palisades Santa Monica - Venice | Sunset Strip sothebysrealty . com All data within this document is pulled from the Los Angeles CLAW MLS (From Malibu to Downtown Los Angeles). Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. © 2022 Sotheby’s International Realty. All Rights Reserved. Sotheby’s International Realty® is a registered trademark and used with permission. Each Sotheby’s International Realty office is independently owned and operated, except those operated by Sotheby’s International Realty, Inc. This material is based upon information which we consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. All offerings are subject to errors, omissions, changes including price or withdrawal without notice. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Equal Housing Opportunity. DRE License Number: 899496.
Market Snapshot
Q1 2022 | Greater Los Angeles
MARKET SHARE BY VOL. Less than $1M , 5%
Greater LA & East Side
Greater than $5M , 41%
2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 -
$3,000,000 $2,500,000
$1M - $5M, 55%
$2,000,000 $1,500,000 $1,000,000 $500,000 $0 Q1 2018
Q1 2019
Q1 2020
Total Sol d Properties
Sales Volume by Price Category
5% 41% 55%
Q1 2022
ASP
Median Selling Price vs. Average Selling Price vs. Total Units Sold
Under $1 Million
Average Selling Price
Over $5 Million
Median Sale Price
$1 Million to $5 Million
Total Units Sold
Los Angeles Q1 Market Update / Q1 Highlights / 6
Median Price
Q1 2021
Comparison by Neighborhood Q1 | Greater Los Angeles
GREATER LA: Q1 2022 Median Price $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000
Be l
*
Ai r-
Ho lm by Hi Be Be lls ve ve r ly r ly Hi H l ls il ls Po st Of fic e Br en tw oo d Bu r b Ha an k nc oc En kP c ark in -W o ils hi r e Lo sF eli z No M r th ali Ho bu lly wo Pa cif od ic Pa lisa de Sa s nt aM o S n h ica Sil er ve ma rL nO Su ak ak ns es et Ec St ho rip Pa -H rk St oll ud yw io oo Ci dH ty ills W es t Ta rz an To luc a aL ak e To pa n Va ga lle yV ill a ge V W en oo i dla ce nd W W H e st est Ho ills wo lly od wo EA -C od en ST t ur SI yC Do DE w it y M A R nto wn KE L.A TS . (T OT AL )
$0
*
Median Selling Price
4.2m $ 9.6m $ 3.6m $ 3.4m $ 0.5m $
Bel-Air | Holmby Hills Beverly Hills Beverly Hills Post Office Brentwood Downtown Los Angeles *
1.6m $ 2m $ 2.3m $ 3.4m $ 4m $ 3.9m $
Hancock Park / Wilshire Los Feliz Malibu Pacific Palisades Santa Monica
1.1m $ 2.5m $ 2.2m $ 2.5m $ 2.3m $ 1.3m $
Encino
Silver Lake | Echo Park Sunset Strip | Hollywood Hills Toluca Lake Venice West Hollywood Woodland Hills
* Downtown Los Angeles and Westwood - Century City ffigures represent condo sales.
at a glance {Q1 | 2022}
bel - air
| holmby hills
90
%
Change in Median Selling Price {2022 vs 2021}
56 Average Days on Market
44 Units Sold
4.2m
$
Median Selling Price
$12,000,000
60
$10,000,000
50
$8,000,000
40
$6,000,000
30
$4,000,000
20
$2,000,000
10 0
$0 Q1 2018
Q1 2019
Q1 2020
Total Sol d Properties
Total Units Sold
Q1 2021
Median Price
Q1 2022
ASP
Median Sales Price
Average Selling Price
About
Bel-Air & Holmby Hills Bel-Air’s stately gates off Sunset Boulevard lead down winding streets lined with lavish homes with lush vegetation. Popular with celebrities and entertainment industry elite, the neighborhood is home to the landmark Hotel Bel-Air, and offers a rare kind of seclusion in a non-stop city. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
90%
-
-12%
-21%
2022
$4,175,000
-4.4%
44
56
2021
$2,196,500
-3.2%
50
71
2020
$2,137,500
-3.8%
26
92
2019
$1,650,000
-3.2%
25
84
2018
$2,305,000
-4.4%
31
106
/
9 Bel Air | Holmby Hills
/ Los Angeles Q1 Market Update
45 40 35
$12,000,000 $10,000,000
30 25 20 15 10 5 0
$8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 Q1 2018
Q1 2019 Total Sol d Properties
Total Units Sold
Q1 2020 Median Price
Median Sales Price
Q1 2021
Q1 2022
ASP
Average Selling Price
About
Beverly Hills Whether you are an art aficionado or feel the lure of the unparalleled shopping of Rodeo Drive, Beverly Hills is known worldwide as a premier destination for luxury. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
30%
-
0%
-53%
2022
$9,560,000
3.4%
42
49
2021
$7,374,000
-5.0%
42
103
2020
$6,250,000
-5.2%
41
83
2019
$6,820,000
-5.9%
25
77
2018
$6,602,500
-3.6%
32
81
Los Angeles Q1 Market Update / Beverly Hills / 10
at a glance {Q1 | 2022}
beverly hills
30
%
Change in Median Selling Price {2022 vs 2021}
49 Average Days on Market
42 Units Sold
9.6m
$
Median Selling Price
at a glance {Q1 | 2022}
beverly hills post office
18
%
Change in Median Selling Price {2022 vs 2021}
67 Average Days on Market
51 Units Sold
3.6m
$
Median Selling Price
$9,000,000 $8,000,000
60 50
$7,000,000 $6,000,000 $5,000,000
40 30
$4,000,000 $3,000,000 $2,000,000 $1,000,000 $0
20 10 0 Q1 2018
Q1 2019
Q1 2020
Total Sol d Properties
Total Units Sold
Q1 2021
Median Price
Median Sales Price
Q1 2022
ASP
Average Selling Price
About
Beverly Hills Post Office Beverly Hills Post Office is home to grand estates, mansions, as well as some of the most celebrated gated communities. The hillside location offers incredible views of the Los Angeles basin, Pacific Ocean, and Catalina Island. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
18%
-
13%
-22%
2022
$3,600,000
-4.4%
51
67
2021
$3,060,725
-4.6%
45
87
2020
$2,831,133
-4.8%
44
85
2019
$3,018,410
-5.7%
20
88
2018
$2,407,000
-3.3%
33
93
/
13 Beverly Hills Post Office
/ Los Angeles Q1 Market Update
$6,000,000
70
$5,000,000
60 50
$4,000,000
40
$3,000,000
30
$2,000,000
20
$1,000,000
10 0
$0 Q1 2018
Q1 2019
Q1 2020
Total Sol d Properties
Total Units Sold
Median Price
Median Sales Price
Q1 2021
Q1 2022
ASP
Average Selling Price
About
Brentwood Brentwood is known for its palatial estates and laid-back California elegance. It’s the perfect enclave for dining at Katsu-ya or biking down San Vicente to the ocean. Perched on a hill above this chic neighborhood, take in the architecture and art on display at the Getty Center. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
-7%
-
-16%
-21%
2022
$3,400,000
0.0%
51
46
2021
$3,650,000
-0.4%
61
58
2020
$3,079,500
-4.2%
42
83
2019
$3,142,500
-4.2%
48
66
2018
$3,205,000
-2.6%
57
80
Los Angeles Q1 Market Update / Brentwood / 14
at a glance {Q1 | 2022}
brentwood
-7
%
Change in Median Selling Price {2022 vs 2021}
46 Average Days on Market
51 Units Sold
3.4m
$
Median Selling Price
at a glance {Q1 | 2022}
downtown los angeles Condominium Units Only
-15
%
Change in Median Selling Price {2022 vs 2021}
57 Average Days on Market
82 Units Sold
500k
$
Median Selling Price
$900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0
140 120 100 80 60 40 20 0 Q1 2018
Q1 2019
Q1 2020
Total Sol d Properties
Total Units Sold
Q1 2021
Median Price
Median Sales Price
Q1 2022 ASP
Average Selling Price
About
Downtown Los Angeles Downtown L.A. offers urban living at its finest, and is the heart of L.A.’s art boom which has put the city on the world stage of contemporary art. Gleaming new landmark lofts, a central business district, and popular revolving art attract thousands of new residents to every year. All Downtown Los Angeles figures represent condo sales. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
-15%
-
-24%
-35%
2022
$500,000
-0.6%
82
57
2021
$589,500
-2.5%
108
87
2020
$585,000
-2.0%
117
66
2019
$605,000
-2.2%
78
76
2018
$612,500
-1.6%
108
69
/
17 Downtown Los Angeles
/ Los Angeles Q1 Market Update
$2,500,000
120 100
$2,000,000
80
$1,500,000
60 $1,000,000
40
$500,000
20 0
$0
Q1 2018
Q1 2019
Q1 2020
Total Sol d Properties
Total Units Sold
Median Price
Median Sales Price
Q1 2021
Q1 2022
ASP
Average Selling Price
About
Encino The area is home to an educated and affluent population, who were drawn to Encino’s secure communities and the exclusive real-estate with sophisticated architecture on spacious lots. At the heart of the neighborhood is the Encino Commons, a vibrant commercial thoroughfare acclaimed as “The Valley’s Miracle Mile.” Locals enjoy the many tranquil parks and recreational facilities Encino offers. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
-16%
-
5%
-27%
2022
$1,622,500
5.8%
106
24
2021
$1,925,000
0.3%
101
33
2020
$1,400,000
-2.0%
86
49
2019
$1,433,250
-3.9%
80
68
2018
$1,535,000
-2.5%
83
68
Los Angeles Q1 Market Update / Encino 18
at a glance {Q1 | 2022}
encino
-16
%
Change in Median Selling Price {2022 vs 2021}
24 Average Days on Market
106 Units Sold
1.6m
$
Median Selling Price
at a glance {Q1 | 2022}
hancock park / wilshire
0
%
Change in Median Selling Price {2022 vs 2021}
46 Average Days on Market
66 Units Sold
2
$ m Median Selling Price
$3,500,000
90
$3,000,000
80 70 60 50
$2,500,000 $2,000,000
40 30 20 10 0
$1,500,000 $1,000,000 $500,000 $0 Q1 2018
Q1 2019
Q1 2020
Total Sol d Properties
Total Units Sold
Q1 2021
Median Price
Median Sales Price
Q1 2022
ASP
Average Selling Price
About
Hancock Park/Wilshire Centrally located and surrounded by the Wilshire Country Club, Hancock Park boasts some of the best classical Los Angeles architecture, making it one of the most desirable areas in all of Southern California. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
0%
-
-18%
0%
2022
$1,950,000
3.8%
66
46
2021
$1,940,750
0.5%
80
46
2020
$1,605,000
-1.2%
45
47
2019
$1,665,000
-1.2%
49
52
2018
$1,790,000
-0.2%
45
63
Los Angeles Q1 Market Update / Hancock Park | Wilshire/ 21
$3,000,000
70
$2,500,000
60 50
$2,000,000
40
$1,500,000
30
$1,000,000
20
$500,000
10 0
$0 Q1 2018
Q1 2019
Q1 2020
Total Sol d Properties
Total Units Sold
Median Price
Median Sales Price
Q1 2021
Q1 2022
ASP
Average Selling Price
About
Los Feliz Los Feliz is a creative neighborhood with an independent vibe all its own. This historic neighborhood is steeped in architectural history, boasting homes designed by Richard Neutra, John Lautner, and Frank Lloyd Wright. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
/
22 Los Feliz
15%
-
-43%
-45%
2022
$2,295,000
8.0%
34
31
2021
$1,997,500
-1.8%
60
55
2020
$1,825,233
4.6%
39
45
2019
$1,710,000
-0.8%
34
58
2018
$1,725,000
1.8%
45
56
/ Los Angeles Q1 Market Update
at a glance {Q1 | 2022}
los feliz
15
%
Change in Median Selling Price {2022 vs 2021}
31 Average Days on Market
34 Units Sold
2.3m
$
Median Selling Price
at a glance {Q1 | 2022}
malibu
-15
%
Change in Median Selling Price {2022 vs 2021}
63 Average Days on Market
51 Units Sold
3.4m
$
Median Selling Price
$6,000,000
70
$5,000,000
60 50
$4,000,000
40
$3,000,000
30
$2,000,000
20
$1,000,000
10 0
$0 Q1 2018
Q1 2019 Total Sol d Properties
Total Units Sold
Q1 2020 Median Price
Median Sales Price
Q1 2021
Q1 2022
ASP
Average Selling Price
About
Malibu With nearly 27 miles of gorgeous coastline covered in pristine beaches, Malibu is one of the most storied oceanfront communities on the West Coast. The area offers long strands of private beaches, world-class surfing at Zuma and El Matador, and front-row seats to unforgettable sunsets. Malibu is both classic California and understated/rustic elegance. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
-15%
-
-23%
-27%
2022
$3,362,500
-0.2%
51
63
2021
$3,955,000
-4.6%
66
86
2020
$2,752,500
-6.4%
34
109
2019
$3,545,000
-3.5%
24
101
2018
$2,862,500
-7.3%
50
134
Los Angeles Q1 Market Update / Malibu / 25
100 90 80 70 60 50 40 30 20 10 0
$6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Q1 2018
Total Units Sold
Q1 2019
Q1 2020
Total Sol d Properties
Median Price
Median Sales Price
Q1 2021
Q1 2022
ASP
Average Selling Price
About
Pacific Palisades More a retreat than an urban neighborhood, the Palisades sits against a stunning backdrop with views of the Santa Monica mountains, the Pacific Coast, and several canyons that run between them. The Palisades are a green oasis within Los Angeles. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
/
26 Pacific Palisades
11%
-
-33%
7%
2022
$4,016,703
0.5%
62
68
2021
$3,620,000
-2.7%
93
64
2020
$3,291,250
-1.3%
40
69
2019
$3,080,000
-2.1%
33
63
2018
$3,285,344
-1.5%
46
51
/ Los Angeles Q1 Market Update
at a glance {Q1 | 2022}
pacific palisades
11
%
Change in Median Selling Price {2022 vs 2021}
68 Average Days on Market
62 Units Sold
4
$ m Median Selling Price
at a glance {Q1 | 2022}
santa monica
14
%
Change in Median Selling Price {2022 vs 2021}
38 Average Days on Market
57 Units Sold
3.9m
$
Median Selling Price
$5,000,000 $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0
60 50 40 30 20 10 0 Q1 2018
Q1 2019
Q1 2020
Total Sol d Properties
Total Units Sold
Median Price
Median Sales Price
Q1 2021
Q1 2022
ASP
Average Selling Price
About
Santa Monica L.A.’s premier beach destination, Santa Monica blends urban energy, beach town atmosphere, and world-class oceanfront hotels like Shutters and Casa Del Mar, whose back yard is the glorious Pacific Ocean. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
14%
-
4%
-20%
2022
$3,879,845
26%
57
38
2021
$3,400,000
1.0%
55
48
2020
$2,410,000
-1.1%
55
64
2019
$2,213,000
-1.5%
39
67
2018
$2,628,444
-1.5%
38
46
Los Angeles Q1 Market Update / Santa Monica / 29
$1,400,000
120
$1,200,000
100
$1,000,000
80
$800,000
60
$600,000
40
$400,000
20
$200,000
0
$0 Q1 2018
Q1 2019 Total Sol d Properties
Total Units Sold
Q1 2020 Median Price
Median Sales Price
Q1 2021
Q1 2022
ASP
Average Selling Price
About
Silver Lake/Echo Park Rock ‘n’ roll attitudes contrast the refined and modern homes of Silver Lake. This hilly neighborhood is one of L.A.’s most walkable areas and is home of its namesake reservoir and cutting-edge music scene. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
/
-12%
-
-48%
-28%
2022
$1,100,000
14.9%
51
25
2021
$1,254,500
3.6%
99
35
2020
$1,272,667
2.1%
71
53
2019
$957,500
1.7%
62
55
2018
$915,000
6.1%
79
56
30 Silver Lake | Echo Park
/ Los Angeles Q1 Market Update
at a glance {Q1 | 2022}
silver lake
/ echo park
-12
%
Change in Median Selling Price {2022 vs 2021}
25 Average Days on Market
51 Units Sold
1.1m
$
Median Selling Price
at a glance {Q1 | 2022}
sunset strip
/ hollywood hills
4
%
Change in Median Selling Price {2022 vs 2021}
49 Average Days on Market
125 Units Sold
2.5m
$
Median Selling Price
$4,000,000
160
$3,500,000
140
$3,000,000
120
$2,500,000
100
$2,000,000
80
$1,500,000
60
$1,000,000
40
$500,000
20
$0
0 Q1 2018
Total Units Sold
Q1 2019 Total Sol d Properties
Q1 2020 Median Price
Median Sales Price
Q1 2021
Q1 2022
ASP
Average Selling Price
About
Sunset Strip/Hollywood Hills Hollywood’s fame is rooted in its cultural identity, peerless entertainment industry, and historical significance as the origin of American cinema. Get a perfect martini at Musso & Frank’s, which has been serving drinks since 1919 to the likes of Charlie Chaplin and William Faulkner, and then stroll down to the Roosevelt Hotel for a nightcap. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
4%
-
-10%
-32%
2022
$2,500,000
1.5%
125
49
2021
$2,400,000
-2.3%
139
72
2020
$2,187,500
-4.2%
90
82
2019
$2,058,500
-3.4%
74
65
2018
$1,820,500
-0.6%
93
65
Los Angeles Q1 Market Update / Sunset Strip | Hollywood Hills / 33
$3,000,000
30
$2,500,000
25
$2,000,000
20
$1,500,000
15
$1,000,000
10
$500,000
5
$0
0
Q1 2018
Q1 2019
Q1 2020
Total Sol d Properties
Total Units Sold
Median Price
Median Sales Price
Q1 2021
Q1 2022
ASP
Average Selling Price
About
Toluca Lake The Toluca Lake neighborhood is situated on 1.22 square miles of the southeastern San Fernando Valley. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
/
34 Toluca Lake
41%
-
9%
-22%
2022
$2,150,000
4.9%
25
32
2021
$1,528,000
0.3%
23
40
2020
$2,050,000
-1.0%
13
62
2019
$1,268,800
-2.4%
15
56
2018
$1,742,500
-0.8%
10
46
/ Los Angeles Q1 Market Update
at a glance {Q1 | 2022}
toluca lake
41
%
Change in Median Selling Price {2022 vs 2021}
32 Average Days on Market
25 Units Sold
2.2m
$
Median Selling Price
at a glance {Q1 | 2022}
TOPANGA
6
%
Change in Median Selling Price {2022 vs 2021}
83 Average Days on Market
23 Units Sold
1.6m
$
Median Selling Price
35
$2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0
30 25 20 15 10 5 0 Q1 2018
Total Units Sold
Q1 2019
Q1 2020
Total Sol d Properties
Median Price
Median Sales Price
Q1 2021
Q1 2022
ASP
Average Selling Price
About
Topanga Known as a bohemian enclave attracting artists, musicians, filmmakers, and others, Topanga also boasts the beautiful, natural surroundings of the Santa Monica mountains. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
6%
-
-23%
51%
2022
$1,600,000
0.2%
23
83
2021
$1,510,000
-1.1%
30
55
2020
$1,399,000
0.6%
23
60
2019
$1,140,000
-0.6%
20
40
2018
$1,083,000
-2.3%
21
66
/
37 Topanga
/ Los Angeles Q1 Market Update
{Q1 | 2022}
the valley
Neighborhood Highlights Burbank
17
%
Change in median sales price $1,600,000
160
$1,400,000
140
$1,200,000
120
$1,000,000
100
$800,000
80
$600,000
60
$400,000
40
$200,000
20
$0
0 Q1 2018
Q1 2019 Total Sol d Properties
Total Units Sold
Q1 2020 Median Price
Median Sales Price
Q1 2021
Q1 2022
ASP
Average Selling Price
{2022 vs 2021}
19 144
Average DOM
Properties Sold
$1.3M
Median Selling Price
Studio City
5
%
Change in median sales price $3,000,000
120
$2,500,000
100
$2,000,000
80
$1,500,000
60
$1,000,000
40
$500,000
20
$0
0 Q1 2018
Q1 2019 Total Sol d Properties
Total Units Sold
Q1 2020 Median Price
Median Sales Price
Q1 2021
Q1 2022
ASP
Average Selling Price
{2022 vs 2021}
29 63
Average DOM
Properties Sold
$1.9m
Median Selling Price
Sherman Oaks
28
%
$2,500,000
180 160
$2,000,000
140 120
$1,500,000
100 80
$1,000,000
60 40
$500,000
20 0
$0 Q1 2018
Q1 2019 Total Sol d Properties
Total Units Sold
Q1 2020 Median Price
Median Sales Price
Q1 2021
Q1 2022
Change in median sales price {2022 vs 2021}
24 121
Average DOM
Properties Sold
$1.8m
ASP
Average Selling Price
Median Selling Price
Valley Village
15
%
$1,600,000
120
$1,400,000
100
$1,200,000
80
$1,000,000 $800,000
60
$600,000
40
$400,000
20
$200,000 $0
0 Q4 2017
Q4 2018 Total Sol d Properties
Total Units Sold
Q4 2019 Median Price
Median Sales Price
Q4 2020
Q4 2021
ASP
Average Selling Price
Change in median sales price {2022 vs 2021}
15 47
Average DOM
Properties Sold
$1.6m
Median Selling Price
/
39 The Valley
/ Los Angeles Q1 Market Update
$3,000,000
80 70
$2,500,000
60 $2,000,000
50
$1,500,000
40 30
$1,000,000
20
$500,000
10
$0
0 Q1 2018
Q1 2019
Q1 2020
Total Sol d Properties
Total Units Sold
Median Price
Median Sales Price
Q1 2021
Q1 2022
ASP
Average Selling Price
About
Venice Welcome to the heart of Silicon Beach. Admire the street art and commissioned murals in old Venice, alongside a new community of creative entrepreneurs, startups, and venture capitalists. Stroll through Abbot Kinney, the “coolest block in America.” Explore the historic Venice Canals, a tranquil and hidden gem, and finish the evening with dinner at Gjelina. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
33%
-
8%
-2%
2022
$2,525,000
0.6%
70
57
2021
$1,901,000
-1.1%
65
58
2020
$2,140,000
-2.1%
42
60
2019
$2,150,000
-2.4%
37
63
2018
$2,000,000
-1.4%
43
71
Los Angeles Q1 Market Update / Venice / 40
at a glance {Q1 | 2022}
venice
33
%
Change in Median Selling Price {2022 vs 2021}
57 Average Days on Market
70 Units Sold
2.5m
$
Median Selling Price
at a glance {Q1 | 2022}
west hollywood
4
%
Change in Median Selling Price {2022 vs 2021}
26 Average Days on Market
51 Units Sold
2.3m
$
Median Selling Price
$3,000,000
45 40
$2,500,000
35
$2,000,000
30 25
$1,500,000
20
$1,000,000
15 10
$500,000
5 0
$0 Q1 2018
Q1 2019
Q1 2020
Total Sol d Properties
Total Units Sold
Q1 2021
Median Price
Q1 2022
ASP
Median Sales Price
Average Selling Price
About
West Hollywood West Hollywood is a thriving, diverse community on the leading edge of culture, entertainment, and design. “WeHo” is home to the Pacific Design Center and ground zero for Los Angeles’s thriving Interior Design and Architectural community. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
4%
-
-37%
-31%
2022
$2,334,000
2.7%
50
26
2021
$2,250,000
-3.3%
38
41
2018
$1,800,000
-1.1%
29
25
2017
$1,900,000
-1.6%
23
21
2016
$1,975,000
0.0%
35
29
/
43 West Hollywood
/ Los Angeles Q1 Market Update
$1,600,000
200 180 160 140 120 100 80 60 40 20 0
$1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 Q1 2018
Q1 2019
Q1 2020
Total Sol d Properties
Total Units Sold
Median Price
Median Sales Price
Q1 2021
Q1 2022
ASP
Average Selling Price
About
Woodland Hills Woodland Hills is an upscale neighborhood located on the edge of the Santa Monica Mountains in the San Fernando Valley of northern Los Angeles. Whether your interest is shopping or the outdoors, Woodland Hills has activities and attractions that can provide a fun, entertaining experience. sothebysrealty . com
Q1
Median Sale Price Closed Average Days Selling Price vs. List Price Units on Market
{2022 vs 2021}
Change
45%
-
120%
-14%
2022
$1,279,000
6.6%
180
17
2021
$881,000
4.3%
82
20
2020
$780,000
0.4%
79
41
2019
$750,000
-2.1%
75
54
2018
$750,000
1.4%
81
55
Los Angeles Q1 Market Update / Woodland Hills / 44
at a glance {Q1 | 2022}
woodland hills
45
%
Change in Median Selling Price {2022 vs 2021}
17 Average Days on Market
180 Units Sold
1.3m
$
Median Selling Price