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
Dec 2011
Dec 2012
Median Price $1,609,250
$1,918,000
19
19
0
Properties Sold
19
Sales Volume $54,595,750
Properties Pending Sale
3
Properties For Sale 132
Average Days on Market
125
Month’s Supply of Inventory 35
Percent Under Contract
2.3
$61,758,087
%Change
13
17
467
116
-12
160
28
5
-86
14.7
545
*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
Dec 2011
Dec 2012
%Change
Median Price $864,750
$999,000
16
21
110
$26,060,960
139
17
89
52
-24
25
-22
2
-66
32.7
147
Properties Sold
10
Sales Volume $10,883,500
Properties Pending Sale
9
Properties For Sale 68
Average Days on Market
32
Month’s Supply of Inventory 5
Percent Under Contract
13.2
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverly Hills
Dec 2011
Dec 2012
Median Price $2,280,000
$5,097,500
124
22
57
$102,582,500
102
14
56
85
-30
145
53
5
-58
16.5
121
Properties Sold
14
Sales Volume $50,857,500
Properties Pending Sale
9
Properties For Sale 121
Average Days on Market
95
Month’s Supply of Inventory 11
Percent Under Contract
7.4
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Beverly Hills P.O.
Dec 2011
Dec 2012
Median Price $2,048,750
$1,430,000
-30
15
25
$25,714,755
-16
Properties Sold
12
Sales Volume $30,711,100
Properties Pending Sale
11
Properties For Sale 155
Average Days on Market
162
Month’s Supply of Inventory 11
Percent Under Contract
7.1
%Change
11
0
92
-41
118
-27
6
-42
12
68
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Beverlywood
Dec 2011
Dec 2012
%Change
Median Price $755,000
$799,500
6
Properties Sold
8
Sales Volume $6,940,026
Properties Pending Sale
11
Properties For Sale 74
Average Days on Market
51
Month’s Supply of Inventory 5
Percent Under Contract
14.9
18
125
$16,016,395
131
6
-45
35
-53
80
57
4
-23
17.1
15
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Brentwood
Dec 2011
Dec 2012
Median Price $2,020,000
$2,150,000
Properties Sold
9
Sales Volume $16,440,013
Properties Pending Sale
6
Properties For Sale 125
Average Days on Market
100
Month’s Supply of Inventory 16
Percent Under Contract
4.8
%Change 6
32
256
$108,136,315
558
21
250
84
-33
137
37
3
-84
25
421
*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
Dec 2011
Dec 2012
Median Price $1,378,500
$1,395,000
1
9
50
$14,055,601
94
2
0
10
-60
16
-85
3
-67
20
150
Properties Sold
6
Sales Volume $7,239,498
Properties Pending Sale
2
Properties For Sale 25
Average Days on Market
110
Month’s Supply of Inventory 9
Percent Under Contract
8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Culver City
Dec 2011
Dec 2012
%Change
Median Price $552,000
$649,000
18
23
53
$12,999,900
98
12
13
8
Properties For Sale 67
39
-42
41
-38
2
-57
33.3
86
Properties Sold
15
Sales Volume $6,567,300
Properties Pending Sale
Average Days on Market
66
Month’s Supply of Inventory 4
Percent Under Contract
17.9
*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
Dec 2011
Dec 2012
Median Price $946,475
$1,250,000
32
25
39
$38,478,500
107
Properties Sold
18
Sales Volume $18,572,773
Properties Pending Sale
12
Properties For Sale 137
Average Days on Market
61
Month’s Supply of Inventory 8
Percent Under Contract
8.8
%Change
12
0
59
-57
75
23
3
-61
20.3
132
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Hollywood
Dec 2011
Dec 2012
Median Price $350,000
$1,250,000
257
3
-40
$3,535,500
153
6
100
15
-61
20
-86
1
-87
40
407
Properties Sold
5
Sales Volume $1,396,000
Properties Pending Sale
3
Properties For Sale 38
Average Days on Market
146
Month’s Supply of Inventory 10
Percent Under Contract
7.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Hollywood Hills East
Dec 2011
Dec 2012
%Change
Median Price $700,000
$950,000
36
20
54
$17,414,500
68
13
12
-8
Properties For Sale 87
47
-46
69
-30
3
-37
25.5
17
Properties Sold
13
Sales Volume $10,373,500
Properties Pending Sale
Average Days on Market
96
Month’s Supply of Inventory 4
Percent Under Contract
14.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Los Feliz
Dec 2011
Dec 2012
Median Price $849,000
$880,000
Properties Sold
20
Sales Volume $20,307,150
Properties Pending Sale
15
Properties For Sale 113
Average Days on Market
77
Month’s Supply of Inventory 6
Percent Under Contract
13.3
%Change 4
15
-25
$14,087,000
-31
16
7
75
-34
65
-16
3
-42
21.3
61
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Malibu
Dec 2011
Dec 2012
Median Price $2,275,000
$2,187,500
-4
24
20
$59,888,829
8
14
0
149
-37
204
19
8
-36
9.4
58
Properties Sold
20
Sales Volume $55,261,545
Properties Pending Sale
14
Properties For Sale 236
Average Days on Market
172
Month’s Supply of Inventory 13
Percent Under Contract
5.9
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Malibu Beach
Dec 2011
Dec 2012
Median Price $0
$6,200,000
n/a
9
n/a
$82,434,105
n/a
3
n/a
75
-23
440
n/a
18
n/a
4
n/a
Properties Sold
0
Sales Volume $0
Properties Pending Sale
0
Properties For Sale 98
Average Days on Market
0
Month’s Supply of Inventory 0
Percent Under Contract
0
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Marina del Rey
Dec 2011
Dec 2012
Median Price $1,525,000
$1,290,000
-15
4
300
$5,440,000
257
1
-67
10
-60
25
-80
9
50
10
-17
Properties Sold
1
Sales Volume $1,525,000
Properties Pending Sale
3
Properties For Sale 25
Average Days on Market
128
Month’s Supply of Inventory 6
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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%Change
Mid Los Angeles
Dec 2011
Dec 2012
%Change
Median Price $240,600
$297,000
23
40
43
$8,436,000
126
28
47
122
-44
66
-3
3
-71
23
165
Properties Sold
28
Sales Volume $3,730,950
Properties Pending Sale
19
Properties For Sale 219
Average Days on Market
68
Month’s Supply of Inventory 9
Percent Under Contract
8.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Mid Wilshire
Dec 2011
Dec 2012
%Change
Median Price $275,000
$425,000
55
3
-40
$1,395,000
-12
8
700
23
-41
54
218
2
-95
Properties Sold
5
Sales Volume $1,586,000
Properties Pending Sale
1
Properties For Sale 39
Average Days on Market
17
Month’s Supply of Inventory 32
Percent Under Contract
2.6
34.8
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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1257
Pacific Palisades
Dec 2011
Dec 2012
Median Price $1,284,250
$1,881,000
46
30
58
$73,078,250
92
17
6
82
-33
63
-29
3
-39
20.7
58
Properties Sold
19
Sales Volume $38,042,750
Properties Pending Sale
16
Properties For Sale 122
Average Days on Market
89
Month’s Supply of Inventory 5
Percent Under Contract
13.1
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Palms - Mar Vista
Dec 2011
Dec 2012
%Change
Median Price $760,000
$759,500
0
30
58
$21,922,700
46
22
10
50
-55
23
-67
1
-74
44
144
Properties Sold
19
Sales Volume $15,034,000
Properties Pending Sale
20
Properties For Sale 111
Average Days on Market
69
Month’s Supply of Inventory 4
Percent Under Contract
18
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Playa Vista
Dec 2011
Dec 2012
Median Price $800,000
$0
-100
1
-100
$0
-100
0
0
n/a
Properties For Sale 2
1
-50
0
0
n/a
Month’s Supply of Inventory 0
0
n/a
0
n/a
Properties Sold
1
Sales Volume $800,000
Properties Pending Sale
Average Days on Market
Percent Under Contract
0
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Santa Monica
Dec 2011
Dec 2012
Median Price $1,693,000
$1,973,000
17
26
37
$53,678,150
54
11
0
58
-44
48
-60
3
-56
19
78
Properties Sold
19
Sales Volume $34,824,605
Properties Pending Sale
11
Properties For Sale 103
Average Days on Market
120
Month’s Supply of Inventory 7
Percent Under Contract
10.7
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Silverlake - Echo Park
Dec 2011
Dec 2012
%Change
Median Price $515,000
$510,000
-1
29
16
$14,253,000
16
20
43
79
-37
41
-33
2
-65
25.3
128
Properties Sold
25
Sales Volume $12,235,000
Properties Pending Sale
24
Properties For Sale 126
Average Days on Market
61
Month’s Supply of Inventory 7
Percent Under Contract
11.1
*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
Dec 2011
Dec 2012
Median Price $1,470,000
$1,282,000
-13
46
44
$73,869,794
68
30
114
189
-28
99
-13
4
-72
15.9
197
Properties Sold
32
Sales Volume $43,917,390
Properties Pending Sale
14
Properties For Sale 262
Average Days on Market
114
Month’s Supply of Inventory 15
Percent Under Contract
5.3
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
Venice
Dec 2011
Dec 2012
Median Price $1,145,000
$1,306,092
14
22
47
$33,623,185
84
8
33
43
-53
69
156
4
-65
18.6
18
Properties Sold
15
Sales Volume $18,286,500
Properties Pending Sale
6
Properties For Sale 92
Average Days on Market
27
Month’s Supply of Inventory 11
Percent Under Contract
6.5
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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%Change
West Hollywood
Dec 2011
Dec 2012
%Change
Median Price $1,116,450
$1,011,500
-9
6
-40
$6,498,000
-51
3
-57
29
-47
81
72
7
26
10.3
-19
Properties Sold
10
Sales Volume $13,192,900
Properties Pending Sale
7
Properties For Sale 55
Average Days on Market
47
Month’s Supply of Inventory 5
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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West Los Angeles
Dec 2011
Dec 2012
%Change
Median Price $530,000
$579,000
9
Properties Sold
9
Sales Volume $3,609,550
Properties Pending Sale
5
Properties For Sale 40
Average Days on Market
21
Month’s Supply of Inventory 6
Percent Under Contract
12.5
8
-11
$3,899,000
8
7
40
23
-43
33
57
2
-64
30.4
143
*Information obtained from local MLS using CARETS data, statistics are subject to change due to local reporting disciplines.
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Westwood - Century City
Dec 2011
Dec 2012
Median Price $1,558,303
$1,277,750
-18
20
18
$33,367,058
5
Properties Sold
17
Sales Volume $31,913,356
Properties Pending Sale
11
Properties For Sale 55
Average Days on Market
47
Month’s Supply of Inventory 3
Percent Under Contract
20
%Change
8
-27
23
-58
16
-66
3
-48
34.8
74
*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