Local Market Report
Los Angeles - Westside At Rodeo Realty, we believe education is the key to helping clients make the best possible decisions about buying and selling homes. Our Local Market Reports provide comprehensive analyses of real estate trends in specific communities, versus quoting national, state, and/or county statistics. The fact is market conditions can vary greatly from neighborhood to neighborhood, and sometimes from one block to the next.
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Table of Contents Bel Air - Holmby Hills
2
Marina del Rey
16
Beverly Center - Miracle Mile
3
Mid Los Angeles
17
Beverly Hills
4
Mid Wilshire
18
Beverly Hills P.O.
5
Pacific Palisades
19
Beverlywood
6
Palms - Mar Vista
20
Brentwood
7
Playa Vista
21
Cheviot Hills - Rancho Park
8
Santa Monica
22
Culver City
9
Silverlake - Echo Park
23
Hancock Park - Wilshire
10
Hollywood
11
Sunset Strip Hollywood Hills West
24
Hollywood Hills East
12
Venice
25
Los Feliz
13
West Hollywood
26
Malibu
14
West Los Angeles
27
Malibu Beach
15
Westwood - Century City
28
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Bel Air-Holmby Hills
April 2012
April 2013
%Change
Median Price $1,297,500
$1,895,040
46
22
10
Properties Sold
20
Sales Volume $76,376,695
Properties Pending Sale
11
Properties For Sale 129
Average Days on Market
91
Month’s Supply of Inventory 9
Percent Under Contract
8.5
$88,970,468
16
18
64
113
-12
85
-7
5
-44
15.9
87
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Center - Miracle Mile
April 2012
April 2013
%Change
Median Price $881,000
$1,195,000
36
21
11
$23,036,825
39
15
29
93
Properties For Sale 86
71
-17
36
-46
1
-75
40.8
134
Properties Sold
19
Sales Volume $16,541,125
Properties Pending Sale
Average Days on Market
67
Month’s Supply of Inventory 4
Percent Under Contract
17.4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
April 2012
April 2013
%Change
Median Price $4,787,500
$4,177,500
-13
16
33
$71,872,000
17
18
64
93
-38
78
22
4
-67
19.4
166
Properties Sold
12
Sales Volume $61,212,500
Properties Pending Sale
11
Properties For Sale 151
Average Days on Market
64
Month’s Supply of Inventory 12
Percent Under Contract
7.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills P.O.
April 2012
April 2013
%Change
Median Price $2,050,000
$2,437,500
19
16
-16
$56,525,925
51
13
-24
92
-35
124
72
5
-29
14.1
18
Properties Sold
19
Sales Volume $49,003,600
Properties Pending Sale
17
Properties For Sale 142
Average Days on Market
72
Month’s Supply of Inventory 7
Percent Under Contract
12
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverlywood
April 2012
April 2013
%Change
Median Price $1,032,500
$704,500
-32
18
29
$12,379,875
-10
10
18
80
Properties For Sale 70
51
-27
23
-28
2
-67
35.3
147
Properties Sold
14
Sales Volume $13,706,750
Properties Pending Sale
Average Days on Market
32
Month’s Supply of Inventory 6
Percent Under Contract
14.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Brentwood
April 2012
April 2013
%Change
Median Price $1,565,000
$1,901,000
21
23
-8
$57,355,220
-12
35
84
121
-19
45
-38
2
-67
28.9
128
Properties Sold
25
Sales Volume $65,090,626
Properties Pending Sale
19
Properties For Sale 150
Average Days on Market
72
Month’s Supply of Inventory 6
Percent Under Contract
12.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Cheviot Hills - Rancho Park
April 2012
April 2013
%Change
Median Price $1,187,500
$1,425,000
20
11
10
$13,211,000
17
8
14
21
-30
24
-45
2
-33
38.1
63
Properties Sold
10
Sales Volume $11,275,500
Properties Pending Sale
7
Properties For Sale 30
Average Days on Market
44
Month’s Supply of Inventory 3
Percent Under Contract
23.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Culver City
April 2012
April 2013 %Change
Median Price $530,000
$792,500
50
16
23
$10,574,500
145
17
24
41
Properties For Sale 72
60
-17
24
-68
1
-67
40
69
Properties Sold
13
Sales Volume $4,321,600
Properties Pending Sale
Average Days on Market
75
Month’s Supply of Inventory 3
Percent Under Contract
23.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hancock Park - Wilshire
April 2012
April 2013
%Change
Median Price $1,035,000
$1,200,000
16
15
-38
$16,509,145
-36
29
38
103
-24
30
-58
2
-60
28.2
81
Properties Sold
24
Sales Volume $25,985,217
Properties Pending Sale
21
Properties For Sale 135
Average Days on Market
71
Month’s Supply of Inventory 5
Percent Under Contract
15.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hollywood
April 2012
April 2013
%Change
Median Price $650,000
$315,000
-52
Properties Sold
3
Sales Volume $1,610,000
Properties Pending Sale
7
Properties For Sale 38
Average Days on Market
43
Month’s Supply of Inventory 4
Percent Under Contract
18.4
3
0
$950,000
-41
9
29
25
-34
62
44
2
-50
36
95
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Hollywood Hills East
April 2012
April 2013
%Change
Median Price $1,205,000
$940,000
-22
15
67
$18,312,000
50
11
16
45
Properties For Sale 79
64
-19
26
-41
3
-50
25
80
Properties Sold
9
Sales Volume $12,191,885
Properties Pending Sale
Average Days on Market
44
Month’s Supply of Inventory 6
Percent Under Contract
13.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Los Feliz
April 2012
April 2013
%Change
Median Price $1,000,000
$860,000
-14
17
13
$16,579,000
28
25
4
91
-13
57
46
2
-33
27.5
19
Properties Sold
15
Sales Volume $12,908,200
Properties Pending Sale
24
Properties For Sale 104
Average Days on Market
39
Month’s Supply of Inventory 3
Percent Under Contract
23.1
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu
April 2012
April 2013
%Change
Median Price $1,552,500
$1,850,000
19
13
30
$21,205,000
-10
16
-16
203
-19
132
15
11
0
7.9
4
Properties Sold
10
Sales Volume $23,644,000
Properties Pending Sale
19
Properties For Sale 250
Average Days on Market
115
Month’s Supply of Inventory 11
Percent Under Contract
7.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Malibu Beach
April 2012
April 2013
%Change
Median Price $6,749,500
$4,025,000
-40
5
-38
25,497,500
-64
3
-63
83
-14
149
-26
25
150
3.6
-57
Properties Sold
8
Sales Volume $70,124,000
Properties Pending Sale
8
Properties For Sale 96
Average Days on Market
202
Month’s Supply of Inventory 10
Percent Under Contract
8.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Marina del Rey
April 2012 Median Price $1,475,000
Properties Sold
6
Sales Volume $9,162,000
Properties Pending Sale
4
Properties For Sale 30
Average Days on Market
36
Month’s Supply of Inventory 6
Percent Under Contract
13.3
April 2013
%Change
$1,892,500
28
8
33
$12,585,000
37
2
-50
17
-43
58
61
7
17
11.8
-12
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Mid Los Angeles
April 2012
April 2013
%Change
Median Price $267,500
$335,000
25
39
63
$7,660,000
61
43
79
121
-34
30
-63
1
-83
35.5
171
Properties Sold
24
Sales Volume $4,765,500
Properties Pending Sale
24
Properties For Sale 183
Average Days on Market
80
Month’s Supply of Inventory 6
Percent Under Contract
13.1
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Mid Wilshire
April 2012
April 2013
%Change
Median Price $367,000
$466,250
27
6
50
$2,007,500
388
3
-40
26
-42
19
-72
5
-29
Properties Sold
4
Sales Volume $411,000
Properties Pending Sale
5
Properties For Sale 45
Average Days on Market
67
Month’s Supply of Inventory 7
Percent Under Contract
11.1
11.5
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
4
Pacific Palisades
April 2012
April 2013
%Change
Median Price $2,650,000
$2,201,250
-17
28
40
$84,731,000
49
35
52
127
-15
59
-18
2
-60
27.6
80
Properties Sold
20
Sales Volume $56,775,012
Properties Pending Sale
23
Properties For Sale 150
Average Days on Market
72
Month’s Supply of Inventory 5
Percent Under Contract
15.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Palms - Mar Vista
April 2012
April 2013
%Change
Median Price $675,000
$862,000
28
35
52
$29,222,000
72
27
33
22
Properties For Sale 99
72
-27
32
-14
1
-67
45.8
68
Properties Sold
23
Sales Volume $16,942,450
Properties Pending Sale
Average Days on Market
37
Month’s Supply of Inventory 3
Percent Under Contract
27.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Playa Vista
April 2012
April 2013
Median Price $0
$0
n/a
0
n/a
$0
n/a
0
1
n/a
Properties For Sale 5
5
0
33
n/a
2
n/a
n/a
n/a
Properties Sold
0
Sales Volume $0
Properties Pending Sale
Average Days on Market
0
Month’s Supply of Inventory 0
Percent Under Contract
n/a
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
%Change
Santa Monica
April 2012
April 2013
%Change
Median Price $1,436,700
$2,630,000
83
19
-24
$61,896,782
29
33
50
88
-23
93
72
1
-75
37.5
94
Properties Sold
25
Sales Volume $47,826,870
Properties Pending Sale
22
Properties For Sale 114
Average Days on Market
54
Month’s Supply of Inventory 4
Percent Under Contract
19.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Silverlake - Echo Park
April 2012
April 2013
%Change
Median Price $552,500
$665,000
20
27
4
$14,117,360
25
35
17
84
-28
31
-56
1
-67
41.7
61
Properties Sold
26
Sales Volume $11,323,000
Properties Pending Sale
30
Properties For Sale 116
Average Days on Market
71
Month’s Supply of Inventory 3
Percent Under Contract
25.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Sunset Strip - Hollywood Hills West
April 2012
April 2013
Median Price $1,390,000
$1,601,2500
15
38
9
$84,008,000
35
56
124
228
-25
62
32
3
-70
24.6
197
Properties Sold
35
Sales Volume $62,327,165
Properties Pending Sale
25
Properties For Sale 302
Average Days on Market
47
Month’s Supply of Inventory 10
Percent Under Contract
8.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
%Change
Venice
April 2012
April 2013
%Change
Median Price $945,000
$1,575,000
67
17
-11
$27,147,085
25
18
6
80
-23
85
2
3
-40
22.5
38
Properties Sold
19
Sales Volume $21,702,500
Properties Pending Sale
17
Properties For Sale 104
Average Days on Market
83
Month’s Supply of Inventory 5
Percent Under Contract
16.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
West Hollywood
April 2012
April 2013
%Change
Median Price $784,000
$1,150,000
47
17
55
$18,886,600
89
12
14
17
Properties For Sale 58
40
-31
31
-33
1
-67
35
69
Properties Sold
11
Sales Volume $9,973,000
Properties Pending Sale
Average Days on Market
46
Month’s Supply of Inventory 3
Percent Under Contract
20.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
West Los Angeles
April 2012
April 2013
%Change
Median Price $435,000
$660,000
52
12
300
$6,207,999
521
12
100
26
-32
18
-75
1
-80
46.2
192
Properties Sold
3
Sales Volume $1,000,000
Properties Pending Sale
6
Properties For Sale 38
Average Days on Market
71
Month’s Supply of Inventory 5
Percent Under Contract
15.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoMarketReports.com
Westwood - Century City
April 2012
April 2013
%Change
Median Price $1,237,000
$1,270,000
3
Properties Sold
18
14
-22
$21,818,665
-7
15
23
53
Properties For Sale 78
48
-38
51
38
1
-75
47.9
149
Sales Volume $23,361,900
Properties Pending Sale
Average Days on Market
37
Month’s Supply of Inventory 4
Percent Under Contract
19.2
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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RODEO REALTY MARKETING DEPARTMENT