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
August 2012
August 2013 %Change
Median Price $1,450,000
$1,900,000
31
Properties Sold
7
-36
11
Sales Volume $18,294,000
Properties Pending Sale
12
$37,041,608
102
17
42
Properties For Sale 138
129
-7
Average Days on Market
61
-18
Month’s Supply of Inventory 10
6
-40
Percent Under Contract
13.2
52
74
8.7
*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
August 2012
August 2013 %Change
Median Price $934,375
$1,150,000
23
23
5
$20,034,115
17
20
24
20
Properties For Sale 70
56
-20
62
0
1
-50
42.9
50
Properties Sold
22
Sales Volume $25,580,775
Properties Pending Sale
Average Days on Market
62
Month’s Supply of Inventory 2
Percent Under Contract
28.6
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
August 2012
August 2013 %Change
Median Price $3,825,000
$5,255,000
37
21
75
$124,110,945
180
Properties Sold
12
Sales Volume $44,308,900
Properties Pending Sale
18
Properties For Sale 151
Average Days on Market
108
Month’s Supply of Inventory 6
Percent Under Contract
11.9
18
0
103
-32
66
-39
4
-33
17.5
47
*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.
August 2012
August 2013 %Change
Median Price $2,425,000
$2,390,000
-1
12
9
$28,861,490
-3
14
40
122
-7
66
-24
6
-45
11.5
50
Properties Sold
11
Sales Volume $29,606,219
Properties Pending Sale
10
Properties For Sale 131
Average Days on Market
87
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.
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Beverlywood
August 2012
August 2013 %Change
Median Price $850,000
$780,000
-8
12
-37
$10,411,475
-48
Properties Sold
19
Sales Volume $20,205,000
Properties Pending Sale
14
15
7
Properties For Sale 59
53
-10
44
-2
2
-33
28.3
19
Average Days on Market
45
Month’s Supply of Inventory 3
Percent Under Contract
23.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Brentwood
August 2012
August 2013 %Change
Median Price $2,500,000
$2,218,000
-11
22
-12
$65,955,740
-26
15
-25
99
-19
48
-21
5
25
15.2
-8
Properties Sold
25
Sales Volume $88,820,460
Properties Pending Sale
20
Properties For Sale 122
Average Days on Market
61
Month’s Supply of Inventory 4
Percent Under Contract
16.4
*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
August 2012
August 2013 %Change
Median Price $1,212,435
$1,343,750
11
10
11
$14,219,500
20
8
167
20
-17
52
-41
1
-75
40.0
220
Properties Sold
9
Sales Volume $11,807,268
Properties Pending Sale
3
Properties For Sale 24
Average Days on Market
88
Month’s Supply of Inventory 4
Percent Under Contract
12.5
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Culver City
August 2012
August 2013 %Change
Median Price $725,000
$849,000
17
25
9
$22,779,100
38
20
23
15
Properties For Sale 65
57
-12
28
-24
1
-50
40.4
31
Properties Sold
23
Sales Volume $16,496,085
Properties Pending Sale
Average Days on Market
37
Month’s Supply of Inventory 2
Percent Under Contract
30.8
*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
August 2012
August 2013 %Change
Median Price $925,000
$1,125,000
22
21
-19
Properties Sold
26
Sales Volume $29,975,726
Properties Pending Sale
21
Properties For Sale 103
Average Days on Market
92
Month’s Supply of Inventory 3
Percent Under Contract
20.4
$31,702,675
6
26
24
98
-5
49
-47
2
-33
26.5
30
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hollywood
August 2012
August 2013 %Change
Median Price $674,000
$744,000
10
4
-20
$2,710,000
-44
3
-25
20
5
35
-59
5
67
15.0
-29
Properties Sold
5
Sales Volume $4,864,000
Properties Pending Sale
4
Properties For Sale 19
Average Days on Market
85
Month’s Supply of Inventory 3
Percent Under Contract
21.1
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hollywood Hills East
August 2012
August 2013 %Change
Median Price $917,500
$944,600
3
18
13
$21,537,700
32
15
20
33
Properties For Sale 77
61
-21
38
-16
2
-50
32.8
68
Properties Sold
16
Sales Volume $16,356,000
Properties Pending Sale
Average Days on Market
45
Month’s Supply of Inventory 4
Percent Under Contract
19.5
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Los Feliz
August 2012
August 2013 %Change
Median Price $1,050,000
$989,000
-6
23
35
$27,051,555
38
22
14
-36
Properties For Sale 97
62
-36
79
5
3
0
22.6
0
Properties Sold
17
Sales Volume $19,604,525
Properties Pending Sale
Average Days on Market
75
Month’s Supply of Inventory 3
Percent Under Contract
22.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu
August 2012
August 2013 %Change
Median Price $1,662,500
$2,025,000
22
10
0
$23,739,000
38
20
18
224
1
98
-45
9
-18
8.9
16
Properties Sold
10
Sales Volume $17,232,875
Properties Pending Sale
17
Properties For Sale 221
Average Days on Market
179
Month’s Supply of Inventory 11
Percent Under Contract
7.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu Beach
August 2012
August 2013 %Change
Median Price $2,400,000
$8,374,125
249
4
-33
$36,548,250
152
2
-71
79
-23
108
-29
35
169
2.5
-63
Properties Sold
6
Sales Volume $14,500,000
Properties Pending Sale
7
Properties For Sale 103
Average Days on Market
153
Month’s Supply of Inventory 13
Percent Under Contract
6.8
*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
August 2012
August 2013 %Change
Median Price $1,370,000
$1,250,000
-9
3
-63
$4,515,000
-61
Properties Sold
8
Sales Volume $11,597,700
Properties Pending Sale
2
Properties For Sale 22
Average Days on Market
72
Month’s Supply of Inventory 10
Percent Under Contract
9.1
2
0
21
-5
65
-10
9
-10
9.5
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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5
Mid Los Angeles
August 2012
August 2013 %Change
Median Price $326,000
$435,000
33
13
-19
$6,882,000
16
15
19
27
Properties For Sale 64
83
30
27
-33
3
0
22.9
-2
Properties Sold
16
Sales Volume $5,940,300
Properties Pending Sale
Average Days on Market
40
Month’s Supply of Inventory 3
Percent Under Contract
23.4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Mid Wilshire
August 2012
August 2013 %Change
Median Price $445,000
$500,000
12
5
-17
$2,505,000
-12
Properties Sold
6
Sales Volume $2,849,000
Properties Pending Sale
8
Properties For Sale 19
Average Days on Market
84
Month’s Supply of Inventory 1
Percent Under Contract
42.1
8
0
24
26
33
-61
2
100
33.3
-21
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Pacific Palisades
August 2012
August 2013 %Change
Median Price $2,200,000
$2,200,000
0
37
42
$104,503,535
61
34
42
119
-23
64
-12
2
-60
28.6
83
Properties Sold
26
Sales Volume $64,854,270
Properties Pending Sale
24
Properties For Sale 154
Average Days on Market
73
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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Palms - Mar Vista
August 2013
August 2013 %Change
Median Price $740,000
$994,000
34
26
13
$30,690,323
64
27
26
-4
Properties For Sale 77
69
-10
29
-48
1
-50
Properties Sold
23
Sales Volume $18,727,360
Properties Pending Sale
Average Days on Market
56
Month’s Supply of Inventory 2
Percent Under Contract
35.1
37.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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7
Playa Vista
August 2012
August 2013 %Change
Median Price $940,750
$1,370,000
46
3
50
$3,832,000
104
1
-50
75
75
221
154
5
400
14.3
-71
Properties Sold
2
Sales Volume $1,881,500
Properties Pending Sale
2
Properties For Sale 4
Average Days on Market
87
Month’s Supply of Inventory 1
Percent Under Contract
50.0
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Santa Monica
August 2012
August 2013 %Change
Median Price $1,725,000
$1,768,000
2
23
0
$59,154,050
9
Properties Sold
23
Sales Volume $54,106,177
Properties Pending Sale
24
Properties For Sale 111
Average Days on Market
87
Month’s Supply of Inventory 3
Percent Under Contract
21.6
19
-21
82
-26
47
-46
3
0
23.2
7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Silverlake - Echo Park
August 2012
August 2013 %Change
Median Price $679,000
$750,500
11
18
20
$17,113,575
55
20
26
30
Properties For Sale 62
67
8
33
-40
1
-50
38.8
20
Properties Sold
15
Sales Volume $11,047,500
Properties Pending Sale
Average Days on Market
55
Month’s Supply of Inventory 2
Percent Under Contract
32.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Sunset Strip - Hollywood Hills West
August 2012
August 2013 %Change
Median Price $1,347,497
$1,386,500
3
40
-7
$80,655,795
0
35
6
257
-6
45
-54
5
-17
13.6
12
Properties Sold
43
Sales Volume $80,568,247
Properties Pending Sale
33
Properties For Sale 272
Average Days on Market
97
Month’s Supply of Inventory 6
Percent Under Contract
12.1
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Venice
August 2012
August 2013 %Change
Median Price $1,000,000
$1,350,000
35
21
-25
$35,566,400
-6
20
30
50
Properties For Sale 80
86
8
37
-48
2
0
34.9
40
Properties Sold
28
Sales Volume $37,803,000
Properties Pending Sale
Average Days on Market
71
Month’s Supply of Inventory 2
Percent Under Contract
25.0
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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West Hollywood
August 2012
August 2013 %Change
Median Price $1,060,000
$1,156,750
Properties Sold
9
Sales Volume $9,845,695
Properties Pending Sale
9
Properties For Sale 44
Average Days on Market
59
Month’s Supply of Inventory 4
Percent Under Contract
20.5
6
-33
$13,803,500
40
9
0
44
0
36
-63
3
-25
20.5
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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9
0
West Los Angeles
August 2012
August 2013 %Change
Median Price $340,000
$855,000
161
6
50
$4,377,500
228
Properties Sold
4
Sales Volume $1,334,000
Properties Pending Sale
12
13
8
Properties For Sale 36
31
-14
24
-49
1
0
41.9
26
Average Days on Market
47
Month’s Supply of Inventory 1
Percent Under Contract
33.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
Rodeo Realty RodeoRE.com
Westwood - Century City
August 2012
August 2013 %Change
Median Price $1,341,990
$1,460,000
Properties Sold
19
Sales Volume $29,928,225
Properties Pending Sale
18
Properties For Sale 71
Average Days on Market
95
Month’s Supply of Inventory 2
Percent Under Contract
25.4
13
-32
$25,903,565
-13
9
-50
52
-27
33
-65
4
100
17.3
-32
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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9
RODEO REALTY MARKETING DEPARTMENT